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[ahmadakbari]

I really don't get it. Windice has an house edge of 1%. If someone wagers 14 BTC to win 0.1 BTC (price for the first place) he statistically has lost 0.14 BTC during the contest. So wagering that many BTC has no sense in my opinion except "look guys how big my pockets are" ... or do I miss something?

This is gambling. Most of the people lose their money and it's normal.
I don't know whether that user has lost 0.14 BTC or not. Might have lost more and might have won some BTC. Even if they is no contest, there are many people gamble. From your point view, no one should gamble.

[1713958185]

1713958185

[panjul07]

If all of his bets we're at least $100 it's sill easy for him to take the top 1 spot as long as he have enough bankroll and with autobet it would probably take several minutes since the bet speed is 1 per second. I wouldn't say wagering 14 bitcoins is a lot unless he went big and sniped yoloer on the last few minutes of the contest. There's a few ways to do it without spending more than the guaranteed prizes but with the screenshot it seems he wagered more than 10+btc in less than 4 hours which is quite fast..  

I really don't get it. Windice has an house edge of 1%. If someone wagers 14 BTC to win 0.1 BTC (price for the first place) he statistically has lost 0.14 BTC during the contest. So wagering that many BTC has no sense in my opinion except "look guys how big my pockets are" ... or do I miss something?

Sure it does not make senses if you uses statictic to compare how much is wagered by a player to how much he won from the contest. We cant generate that all users are losing 1% of their wagered amount as it is gambling where anything may happen. A users can win and lose any amount during wagering so the one who knows whether it is worth or not to wager that much for 0.1btc prize is the player only. If we use statistic then the 2nd winner gets even worst position because he wagered 12btc and won 0.05btc on the contest while statistically he lose 0.12btc for 0.05btc.
All in all, it is statictic only but we do not know the fact except the players and the site.

[BTCevo]

If all of his bets we're at least $100 it's sill easy for him to take the top 1 spot as long as he have enough bankroll and with autobet it would probably take several minutes since the bet speed is 1 per second. I wouldn't say wagering 14 bitcoins is a lot unless he went big and sniped yoloer on the last few minutes of the contest. There's a few ways to do it without spending more than the guaranteed prizes but with the screenshot it seems he wagered more than 10+btc in less than 4 hours which is quite fast..  

I really don't get it. Windice has an house edge of 1%. If someone wagers 14 BTC to win 0.1 BTC (price for the first place) he statistically has lost 0.14 BTC during the contest. So wagering that many BTC has no sense in my opinion except "look guys how big my pockets are" ... or do I miss something?

Actually we never know how they strategy work on each player because I believe they sure have their own strategy to get profit or even to get this huge wager amount. And I believe for some big whale which make 14 btc wager sure is aiming for profit. But for the rest including me, may be we can count as small whale which is tend to lose this 1% from the wagering amount because from the start we are aiming for big wager amount

[ahmadakbari]

Actually we never know how they strategy work on each player because I believe they sure have their own strategy to get profit or even to get this huge wager amount. And I believe for some big whale which make 14 btc wager sure is aiming for profit. But for the rest including me, may be we can count as small whale which is tend to lose this 1% from the wagering amount because from the start we are aiming for big wager amount

If small gamblers like me want to wager 14 BTC have to wager small amounts several times to reach this amount. In this case you will likely lose 0.14 BTC. But whales and rich gamblers can wager 14 BTC with wagring 1 BTC 14 times. In this case, every thing is possible. Maybe double your balance and maybe lose all 14 bitcoins.

[carlfebz2]

Actually we never know how they strategy work on each player because I believe they sure have their own strategy to get profit or even to get this huge wager amount. And I believe for some big whale which make 14 btc wager sure is aiming for profit. But for the rest including me, may be we can count as small whale which is tend to lose this 1% from the wagering amount because from the start we are aiming for big wager amount

If small gamblers like me want to wager 14 BTC have to wager small amounts several times to reach this amount. In this case you will likely lose 0.14 BTC. But whales and rich gamblers can wager 14 BTC with wagring 1 BTC 14 times. In this case, every thing is possible. Maybe double your balance and maybe lose all 14 bitcoins.

Wagering can either be done with those 2 methods which is either having high chances of winning on small amounts or simply directly making big bets on each roll.
It doesnt matter though yet it will count neither way.We can somehow able to point out some player which possibly having those kind of behavior plays.
Profitability?No assurance because either if you are a whale or not,outcome wont still be the same.

[livingfree]

Yes, this is indeed a very huge progress for this site and the players as well, I saw that the leaderboard keeps on getting good progressing. The numbers of wagering is always higher and higher. This numbers will be increase as the amount of prize too. So if OP want to get more players then they should start increasing the prize numbers as well. For the current wagered amount which is more than 50 btc, let assume that is 1% deduction, they already get 0.5 btc and they currently have already get 0.2 profit

Don't you worry about that. The marketing of windice is great and they know the path that they are taking. We just have to wait for one big blast again and one of a kind of a contest coming from them soon.

They are very well active to the community that they've built and that's why their active users are increasing.

[jostorres]

If all of his bets we're at least $100 it's sill easy for him to take the top 1 spot as long as he have enough bankroll and with autobet it would probably take several minutes since the bet speed is 1 per second. I wouldn't say wagering 14 bitcoins is a lot unless he went big and sniped yoloer on the last few minutes of the contest. There's a few ways to do it without spending more than the guaranteed prizes but with the screenshot it seems he wagered more than 10+btc in less than 4 hours which is quite fast..  

I really don't get it. Windice has an house edge of 1%. If someone wagers 14 BTC to win 0.1 BTC (price for the first place) he statistically has lost 0.14 BTC during the contest. So wagering that many BTC has no sense in my opinion except "look guys how big my pockets are" ... or do I miss something?

Well, you are missing the point that he is dropping the house edge down. What would normally he get on a day there is no contest? 14 bitcoins wagered means 0.14 lost right? Well if he gets to win 0.1 of it back that means 14 btc is expected to lose 0.04 only and not 0.14 and that is why they play such huge amounts.

It is still not a guaranteed win but its at least a way to make some of it back, they could always get lucky and win some of it and that would mean break even or even profit for them. Sure they could lose a lot more as well but when you gamble 14 bitcoins there is a chance you hit some good rolls in a row and end up at the plus side. That's all they are trying to achieve here, yoloer even said he ended up with profiting on his second run for example.

[Lakai01]

If all of his bets we're at least $100 it's sill easy for him to take the top 1 spot as long as he have enough bankroll and with autobet it would probably take several minutes since the bet speed is 1 per second. I wouldn't say wagering 14 bitcoins is a lot unless he went big and sniped yoloer on the last few minutes of the contest. There's a few ways to do it without spending more than the guaranteed prizes but with the screenshot it seems he wagered more than 10+btc in less than 4 hours which is quite fast..  

I really don't get it. Windice has an house edge of 1%. If someone wagers 14 BTC to win 0.1 BTC (price for the first place) he statistically has lost 0.14 BTC during the contest. So wagering that many BTC has no sense in my opinion except "look guys how big my pockets are" ... or do I miss something?

Well, you are missing the point that he is dropping the house edge down. What would normally he get on a day there is no contest? 14 bitcoins wagered means 0.14 lost right? Well if he gets to win 0.1 of it back that means 14 btc is expected to lose 0.04 only and not 0.14 and that is why they play such huge amounts.

So you are telling me that he plays during contests just to lose lesser than he would if there is no contest running? Of course you are right that he has statistically lost "only" 0.04 BTC but still ... I dont see any sense in this besides "its gaming and fun". Maybe I have just a different perception of how much money 0.14 BTC is

[hosseinimr93]

If all of his bets we're at least $100 it's sill easy for him to take the top 1 spot as long as he have enough bankroll and with autobet it would probably take several minutes since the bet speed is 1 per second. I wouldn't say wagering 14 bitcoins is a lot unless he went big and sniped yoloer on the last few minutes of the contest. There's a few ways to do it without spending more than the guaranteed prizes but with the screenshot it seems he wagered more than 10+btc in less than 4 hours which is quite fast..  

I really don't get it. Windice has an house edge of 1%. If someone wagers 14 BTC to win 0.1 BTC (price for the first place) he statistically has lost 0.14 BTC during the contest. So wagering that many BTC has no sense in my opinion except "look guys how big my pockets are" ... or do I miss something?

Well, you are missing the point that he is dropping the house edge down. What would normally he get on a day there is no contest? 14 bitcoins wagered means 0.14 lost right? Well if he gets to win 0.1 of it back that means 14 btc is expected to lose 0.04 only and not 0.14 and that is why they play such huge amounts.

So you are telling me that he plays during contests just to lose lesser than he would if there is no contest running? Of course you are right that he has statistically lost "only" 0.04 BTC but still ... I dont see any sense in this besides "its gaming and fun". Maybe I have just a different perception of how much money 0.14 BTC is

First of all, no one play to lose and playing during the contest only causes your chance to make a profit to be higher. Just this. Generally nothing is guaranteed.
For determining whether that user has made profit or not, there is no need to discuss. Because his profile is public. We can easily calculate his total profit or loss.  
Totally, he has wagered  2.007 BTC and 922.558 ETH. At current price of ETH, the amounts wagered at ETH is 19.44 BTC. So he has wagered 21.447 BTC.
He has lost 0.16 BTC and won 0.594 ETH which is 0.012 BTC. So he has lost 0.04 in the games without considering the prizes won on the contests. He has won 0.002, 0.05 and 0.1 BTC in three rounds of contests respectively.
So, the total profit is 0.002+0.05+0.1-0.04= 0.112 BTC.

[Lakai01]

-snip-
Because his profile is public. We can easily calculate his total profit or loss.  

Impressive, thank you very much for the detailed info, merit will follow asap!
I am going to wrap my head around this data, doesnt really fit in my understanding how the house edge works (but to be honest I didnt try to understand it in detail til now)

[BTCevo]

Actually we never know how they strategy work on each player because I believe they sure have their own strategy to get profit or even to get this huge wager amount. And I believe for some big whale which make 14 btc wager sure is aiming for profit. But for the rest including me, may be we can count as small whale which is tend to lose this 1% from the wagering amount because from the start we are aiming for big wager amount

If small gamblers like me want to wager 14 BTC have to wager small amounts several times to reach this amount. In this case you will likely lose 0.14 BTC. But whales and rich gamblers can wager 14 BTC with wagring 1 BTC 14 times. In this case, every thing is possible. Maybe double your balance and maybe lose all 14 bitcoins.

Like I said before it does not guarantee that you will lose only 1% but at least it will be 1% for sure. But for big whale if they bet 1 btc, they can even lose more as well, it is double edge sword for them as well. I know it is possible but still it will bear really huge risk just to play with 1 btc amount. Anyway I already said too about the strategy that they used will be difference to get huge wagered and profit. So it just depends on luck whether what your aim is

[bitgolden]

Dropping the house edge means you also have a bigger chance of winning. If the house edge of a place is 5% then
you are losing your money a lot more quickly, if it is 1% then it is slower and if it is just 0.4% or something then there is a big chance you can actually make a profit if you get lucky, 1 out of 100 hands that you won more than you lost would equal to winning instead of break even.

Hence, I think dropping the house edge doesn't really mean you will automatically lose money. These are not robots, these are people so we can't know if they lost 0.1 or 0.04 or 10, they might have won a ton more. Hence in the end, they are literally risking a chance of losing all they have maybe but at the same time getting the reward of easier money making possibility.

[windice]

[dunfida]

Dropping the house edge means you also have a bigger chance of winning. If the house edge of a place is 5% then
you are losing your money a lot more quickly, if it is 1% then it is slower and if it is just 0.4% or something then there is a big chance you can actually make a profit if you get lucky, 1 out of 100 hands that you won more than you lost would equal to winning instead of break even.

Hence, I think dropping the house edge doesn't really mean you will automatically lose money. These are not robots, these are people so we can't know if they lost 0.1 or 0.04 or 10, they might have won a ton more. Hence in the end, they are literally risking a chance of losing all they have maybe but at the same time getting the reward of easier money making possibility.

1% House edge is typical nowadays but actually when we do talk about profiting matters it would be all in random as said we wouldnt know if they
lost or win on such wagering contest and this all matters with luck.We know dice that it can give out profits or negatives randomly or without precise
assumptions.

[mitchr4]

It's nice to see the wager tournament again but with lower prizes than yesterday and only lasts 1 day. I see a different schedule on this poster start 24 October with the schedule on the site will start 25 October, which one is correct?

[ahmadakbari]

It's nice to see the wager tournament again but with lower prizes than yesterday and only lasts 1 day. I see a different schedule on this poster start 24 October with the schedule on the site will start 25 October, which one is correct?

The website says that the contest will start on October 24, 19:00 (GMT) But the anouncement here in the forum doesn't include the exact time. Maybe you are referring to the time based on your local time. That can be October 25 in many regions.

[livingfree]

~snip~

What?!! another surprise contest from windice. We've got another contest that will happen later on.

It's nice to see the wager tournament again but with lower prizes than yesterday and only lasts 1 day. I see a different schedule on this poster start 24 October with the schedule on the site will start 25 October, which one is correct?

Uhmm, yeah probably a typo on the poster but on the site there's a countdown so that will be the one to be followed by most participants. There's 21 hours left for the contest to start. The prize is good and having this contest is already a bonus for most dicers.

[Zicadis]

~snip~

What?!! another surprise contest from windice. We've got another contest that will happen later on.

It's nice to see the wager tournament again but with lower prizes than yesterday and only lasts 1 day. I see a different schedule on this poster start 24 October with the schedule on the site will start 25 October, which one is correct?

Uhmm, yeah probably a typo on the poster but on the site there's a countdown so that will be the one to be followed by most participants. There's 21 hours left for the contest to start. The prize is good and having this contest is already a bonus for most dicers.

Yeah,, as you say having contests are a bonus to gamblers alike but why would you go on using these arguably low bonuses sites when other dice sites which are more established like Bethash can offer much higher bonuses?

I understand that some people may argue that the more broadening the better but if it comes at the cost of wagering, why not rather wager on sites with much higher rewards? Just saying.

[bering]

13 hours to go before reach new contest and the current contest has slightly different because it's one day contest and the prize of winner also reduced became 0.1 btc and unlike the previous contest the top 50 will get the prize but it's only top 10 with the most wager will get the prize i think it's more hard to do so

[shoreno]

Yeah,, as you say having contests are a bonus to gamblers alike

its far from a bonus because i think bonus means something that you are given to you directly after doing some easy task but waggering contest or races are kinda bit hard for regular rollers  but its also considered as a promotion  .

but why would you go on using these arguably low bonuses sites when other dice sites which are more established like Bethash can offer much higher bonuses?

the site is not really that old  . maybe this is the only amount that they can afford this time but who knows in the future maybe they will increase the prizes  . people will not be the same , some plays on other gambling sites if they are comfortable with it .