Blockchain Betting: On-chain Gambling

[actmyname]

I like sports betting. I like side bets. I like blockchain. So I thought: why not combine them?


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▟@@|   ^{B L}_B^O_E^C_T^K_T^C_I^H_N^A_G^{I N}   |@@▙
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RULES


All bets use the merkle root of a bitcoin block.
There are two types of bets. Instant bets and scheduled bets.
Instant bet results depend on the block in which your transaction is confirmed. (first confirmation)
Scheduled bets are bets in which you pick the block for your bet. (try to keep these within a reasonable time)

You must post which bet you are making.
If a post is made after an instant bet confirms, it changed to a scheduled bet. (nearest 10th block)

The payouts below represent the amount that is returned, multiplied by the wager.
The maximum payout is 0.1 BTC. Any excess will not be paid.

The capital "X" in the bet tables represents a character of your choosing (0-9, a-f). When making your reply, simply replace the X with your choice.


BETS



^*confirmation time bets are only valid for scheduled bets

If you have any questions, or requests for new bet options, feel free to reply to the thread.

EXAMPLES

To bet on the merkle root in your confirming block to have exactly 5 c characters in the hash, your reply would be:

Bet Type: Exactly 5 C
Transaction ID: (your txid)
Block Number (optional):
Address: (your address)

To bet on the merkle root in block #713737 to have the number 4 in the first 10 characters in the hash, your reply would be:

Bet Type: 4 in first 10
Transaction ID: (your txid)
Block Number (optional): 713737
Address: (your address)

If you are sending from your own wallet, you may leave the address blank and I will send any payouts to an input address.

If you want to send multiple bets in one transaction, feel free to add an "Amount" section in your format and specify the bets, linking back to the same transaction.

Address:

3MUCC22CaXNrQBGuX9qrW2MMQDgvGoeWiN

[actmyname]

Reserved.Reminder that the results are dependent upon the merkle root.

Feel free to reply with any questions you may have.

[Hhampuz]

Bet Type: "dab" in root.
TxID: 310fd2e438ff2fbbe0467bcbcf365ad34c683849afa6a73a0eaf962b8c34d5aa
Block Number: 562660

Bet Type: "acdc" in root.
TxID: 3b203e84253a11697d28424e6dd2cc5c6daaf7056c2a4af982944b7fccd0dc64
Block Number: 562661

Let's start it out soft

[cabalism13]

What is the minimum bet?

[actmyname]

What is the minimum bet?

There is no minimum bet though I would suggest values higher than 0.0004 since the current fees are averaging ~0.00004

[Hhampuz]

Bet Type: Exactly 7 "b"
TxID: 9a3b1e8350c7e73b0ced8d39393509c9666f8db11103f927ca23ef02e2a5ebf5
Block Number: 562670

Bet Type: Last Character "b"
TxID: 592baf9168912c07abc3b372abafaae9fdc10d22ce41dd2f9bad3311ef281912
Block Number: 562670

Let's see

[DarkStar_]

I like sports betting.

Margin at ~5% to ~6% for anyone wondering

[actmyname]

Margin at ~5% to ~6% for anyone wondering

Should be 5% all-round, unless I messed up calculations somewhere.

[DarkStar_]

Margin at ~5% to ~6% for anyone wondering

Should be 5% all-round, unless I messed up calculations somewhere.

Rounding increases it a bit for certain bets. Evens should be x1.905, and you have x1.90 (4.99% margin/5.25% margin). Not really an issue, just figured it was worth pointing out for those who don't want to math. Simpler and cleaner this way too.

[seoincorporation]

I like sports betting. I like side bets. I like blockchain. So I thought: why not combine them?

...

Hello actmyname, nice onchain game, i would like to ask for more information about 'merkle root of a bitcoin block', with merkle root you mean the block id?

And you send the betting result payment to the users by hand, or you use a script?

[actmyname]

Hello actmyname, nice onchain game, i would like to ask for more information about 'merkle root of a bitcoin block', with merkle root you mean the block id?

Not the block hash (I assume you meant this by id).

For instance: Block #562669 has a block hash of ...e9c0e1 but it has a merkle root of bf628d0d0b...

And you send the betting result payment to the users by hand, or you use a script?

By-hand. Manually, aye. I'll make an edit to the format for those that want to specify an address for reward redirection.

Rounding increases it a bit for certain bets. Evens should be x1.905, and you have x1.90 (4.99% margin/5.25% margin). Not really an issue, just figured it was worth pointing out for those who don't want to math. Simpler and cleaner this way too.

Gotcha. I will be reducing margins in the future (closer to 1-2%) but starting off, this is just a different style of gambling that I'm testing.

bump.