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[game-protect]

Strange that game-protect supported BEThash and not EOSBET.

Where / how did I support BEThash?

They had 100 free spins for newcomers or something like that. It just might be that game-protect is poor and he wanted free spins and now to wants to stake his winnings. After he realizes that he won't get enough by staking he'll start ranting to them too .

Or maybe eosbet should offer free rounds for newbs

Take a look at who spams his signature for cents, then you know who is poor, both financially and mentally!

[Spaffin]

Strange that game-protect supported BEThash and not EOSBET.

Where / how did I support BEThash?

They had 100 free spins for newcomers or something like that. It just might be that game-protect is poor and he wanted free spins and now to wants to stake his winnings. After he realizes that he won't get enough by staking he'll start ranting to them too .

Or maybe eosbet should offer free rounds for newbs

Take a look at who spams his signature for cents, then you know who is poor, both financially and mentally!

If there was another way, then such people would have obtained funds in a different way.  Although I am skeptical that if someone will spin the drum very often, then he will make a good profit and it is unlikely he will be able to get a real and permanent source of income.

[o48o]

So, according to admins they will be burning the the tokens they will buy back. Good to see that they are rewarding the long time hodlers.

[game-protect]

So, according to admins they will be burning the the tokens they will buy back. Good to see that they are rewarding the long time hodlers.

Burning lifetime BET fantasy tokens is rewarding long time hodlers?!?

How do they reward lifetime holders when the BET fantasy tokens are burned?

[mu_enrico]

according to admins they will be burning the the tokens they will buy back

According to the EOSBetCasino admin:

BET tokens will be transferred to an account where they cannot be transferred, traded, or sold. Account is eosbetlocked. They will be removed from supply permanently (aka burnt). The dividends that these tokens generate will be sent to the eosbetbinanc account, which will be used to buy more tokens off the market, and then burn these tokens by sending them to the eosbetlocked account. Therefore, we have a permanently deflationary token supply, and a permanent buyback on exchanges.

So far, they have bought 8,593.8 BET
https://bloks.io/account/eosbetlocked

I think their idea is to push the price higher than the airdropped 20:1 (~0.3 EOS) so that users who want to own BET token would rather playing in the casino than buying in the market. Honestly, I'm not a fan of this "intervention" since I'm a free-market supporter. But hey, it's just a game (and a gambling site), they can do whatever they want.

[CryptoCheckk]

Yeah, some users want to test the games before place real bets. Perhaps they should create a test token like FRD in MintDice.

They actually already have such a system in place with the marketing funnel. Just try to open eosbet.io with an incognito browser.

I think their idea is to push the price higher than the airdropped 20:1 (~0.3 EOS) so that users who want to own BET token would rather playing in the casino than buying in the market. Honestly, I'm not a fan of this "intervention" since I'm a free-market supporter. But hey, it's just a game (and a gambling site), they can do whatever they want.

I understand the "free-market" idea, but my opinion here is:

1. Since it's a free market, that also means the company can buy or sell whatever they want, since it's free.
2. It's very common for companies to do buybacks, seen it many times on the stock market as well.

[game-protect]

As I already informed, over 95% of the BET fantasy tokens where issued to themselves and now they "buy it back" from themselves and burn it!

This will not have any impact to the BET fantasy token price for players who paid 1,5% rake to get it, because the BET fantasy tokens EOSBet issued to itself did not contribute any rake!

According to the EOSBetCasino admin:

BET tokens will be transferred to an account where they cannot be transferred, traded, or sold. Account is eosbetlocked. They will be removed from supply permanently (aka burnt). The dividends that these tokens generate will be sent to the eosbetbinanc account, which will be used to buy more tokens off the market, and then burn these tokens by sending them to the eosbetlocked account. Therefore, we have a permanently deflationary token supply, and a permanent buyback on exchanges.

So far, they have bought 8,593.8 BET
https://bloks.io/account/eosbetlocked

[EOSBet]

EOSBet is pleased to announce that we have successfully launched the HILO game.

The rules are fairly simple:

- Cards are ranked as in poker, except aces are always low
- You may re-deal until you are happy with your starting card
- Set your wager amount and place your bet to begin
- Predict whether the next card will be Higher/Same or Lower/Same
- At any point, you may "Cash Out" to lock in your winnings.

As with all our games, you can play in EOS, BTC, LTC and BCH. Let’s see who can get the longest winning streak today!

[fullhdpixel]

Last I checked the price was around 3-5 cents and moved frantically so we can now start to calculate a bit and see how you can do with the dividends and the payments.

For example, from the looks of it the 10k (usually calculated on the website with 10k bet token) is making you about 2 dollars overall, that is very very far down and sad to see it went as low as that but even with that if you try to get 10k bet tokens that would cost you about 300-500 dollars in total, and if you spend 300-500 dollars to get it then you will have a lifetime of 2+ dollars (could go bankrupt, could be super good, we don't know future of eosbet) per week and that is really good, we are talking about 8 dollars a month and that is very little however if you look at ROI that is not that bad at all.

[game-protect]

Last I checked the price was around 3-5 cents and moved frantically so we can now start to calculate a bit and see how you can do with the dividends and the payments.

For example, from the looks of it the 10k (usually calculated on the website with 10k bet token) is making you about 2 dollars overall, that is very very far down and sad to see it went as low as that but even with that if you try to get 10k bet tokens that would cost you about 300-500 dollars in total, and if you spend 300-500 dollars to get it then you will have a lifetime of 2+ dollars (could go bankrupt, could be super good, we don't know future of eosbet) per week and that is really good, we are talking about 8 dollars a month and that is very little however if you look at ROI that is not that bad at all.

10k BET fantasy tokens make 2 dollars overall.

And how much do players need to wager to get 10k BET fantasy tokens?

[CryptoCheckk]

EOSBet is pleased to announce that we have successfully launched the HILO game.

The rules are fairly simple:

- Cards are ranked as in poker, except aces are always low
- You may re-deal until you are happy with your starting card
- Set your wager amount and place your bet to begin
- Predict whether the next card will be Higher/Same or Lower/Same
- At any point, you may "Cash Out" to lock in your winnings.

As with all our games, you can play in EOS, BTC, LTC and BCH. Let’s see who can get the longest winning streak today!

Very nice!  Love Hi/Lo, more interaction in the game than the other ones. Hope to see more of those! Blackjack next maybe?

[mu_enrico]

They actually already have such a system in place with the marketing funnel. Just try to open eosbet.io with an incognito browser.

The demo bet is only for dice game though. IMO dice games don't need to be tested, because it's pretty much the same on any platform.

1. Since it's a free market, that also means the company can buy or sell whatever they want, since it's free.
2. It's very common for companies to do buybacks, seen it many times on the stock market as well.

This token shouldn't be seen as stocks by the way, but yeah, I understand your point.
Let's see how this betting platform can compete in the casino business. It's really an interesting experiment.

@GP for those who want 10K BET it's far cheaper to buy it on Binance.

[gambling4life]

EOSBet is pleased to announce that we have successfully launched the HILO game.

The rules are fairly simple:

- Cards are ranked as in poker, except aces are always low
- You may re-deal until you are happy with your starting card
- Set your wager amount and place your bet to begin
- Predict whether the next card will be Higher/Same or Lower/Same
- At any point, you may "Cash Out" to lock in your winnings.

As with all our games, you can play in EOS, BTC, LTC and BCH. Let’s see who can get the longest winning streak today!

https://pbs.twimg.com/media/EDEmHCIXUAEeULY?format=jpg

Very nice!  Love Hi/Lo, more interaction in the game than the other ones. Hope to see more of those! Blackjack next maybe?

just won 2 LTC, thank you EOSBet!

[CryptoCheckk]

EOSBet got listed on: https://cryptorank.io/currencies/eos-bet-token/price-chart 

[sockpuppet1911]

How much need players to wager to get one BET token?

You have asked about these questions for a several times, and all your questions have been answered in several times. It's quite obvious that you are only here to promote your lottery and insulting everyone bothered to answer to your silly questions.

[mu_enrico]

@sockpuppet1911 you only need to hit that "Report to moderator" button if that pothead trolls this thread again.
For those who want to own BET token, you don't have to wager 20 EOS. Buy here https://www.binance.org/en/trade/BET-844_BNB it's far cheaper.

By the way, what's the next two games would be? Any leaked information?

[game-protect]

For those who want to own BET token, you don't have to wager 20 EOS. Buy here https://www.binance.org/en/trade/BET-844_BNB it's far cheaper.

A) 20 EOS are currently worth USD 65. USD 65 wagered wth 1,5% house edge = USD 0,975 rake paid to get 1 BET token

B) BET token purchase last price USD 0,068

C) Players paid USD 0.975 to get 1 BET token and now they can sell it for only USD 0,068 and lost 66%!

In other words, players paid 3 times more than its current value! Great deal!

[CryptoCheckk]

This is how the depth of the current orderbook for EOSBet looks like:



I can see it only going 1 way... 

[RealMalatesta]

@sockpuppet1911 you only need to hit that "Report to moderator" button if that pothead trolls this thread again.
For those who want to own BET token, you don't have to wager 20 EOS. Buy here https://www.binance.org/en/trade/BET-844_BNB it's far cheaper.

It is not "far cheaper" to get bet token from binance, it is a guaranteed fix price on binance which makes it that much more safe as an investment if you are into that kind of investment.

However, at the same time for gamblers out there having the chance to sell your bet tokens after you gamble is basically lowering the house edge. So, every time you gamble 200k eos you are getting 300-500 dollars for free, now that is not big amount of course because 200k eos equals to around 650k dollars and that means around 10k or so house edge on average and getting only 500 of it back is not that big but whatever drops the house edge it is considered good, after all it is free money and not liking it because it is not "enough" is idiotic, even 1 cent is good because it is free.

So, a gambler could think they could bet 650k dollars on wagered and maybe even win (possible but playing against house edge is risky) and get free tokens too. If you are investor then binance is better option, if you are gambler then it is still valid to gamble and get some more free money.

[mu_enrico]

No need to over-complicate things @RealMalatesta

A) 20 EOS are currently worth USD 65. USD 65 wagered wth 1,5% house edge = USD 0,975 rake paid to get 1 BET token

B) BET token purchase last price USD 0,068

In other words, players paid 3 times more than its current value! Great deal!

Thank you game-protect for proving my point that it is indeed a great deal if you buy this BET token on Binance DEX. However, keep in mind:
- Market value is different from the intrinsic value (use dividend discount model or whatever applicable);
- Users go to the casino to play, not to get "free" BET tokens; and
- Only buy or invest if you know what you are doing.