the concept is not new , bitvest had 6 digit dice for ages
it does allow for larger multipliers so its a good thing
other than that I do not see many pros there , its a new site , there is no mobile version as far as a I can see
the site looks deserted , the chat is empty and as much as I love good sense of humour , deposit bonuses are nothing to be joking about
still didn't get it - if it is real or a joke?
you cannot be offering 50% deposit bonuses with 50x wager on dice with a 1% house edge and provably fair rolls , it doesn't work this way
You are right, nothing is new there but it's okay if they want to start this business.
Website is still in beta, I guess, and they are working on desktop website optimization to ensure users would be comfortable to play, so it can be the reason why mobile version is not ready or not available yet.
50% deposit bonuses? why not? that's pretty good to generate more users to join the platform.because deposit bonuses in a provably fair dice site is strongly associated with scam
name one legit provably fair dice site offering deposit bonuses?
this is due to the nature of provably fair dicing , since 50x wager is easily achieved
and it is either the site is giving the money away or it is a scam
either way I would never ever deposit to such a dice
because deposit bonuses in a provably fair dice site is strongly associated with scam
You provide no mathematical basis for this statement. Not even generally. Not even anecdotal. I'm going to assume that what you're talking about is some sites who have tried giving out bonuses have failed miserably and then reneged on paying out the bonuses once their asses are handed to them because they failed to properly do the math. Players will naturally call it a scam and they would be correct in assuming that the site should bear those losses with class. Instead, they look for ways to blame the player for their losses instead of admitting they didn't do math.
I don't think you really understand the phrase "Provably Fair". This just means that the spins or the choosing of the numbers can be proven to be fair through an independent means because the method of obtaining these numbers is transparent, and that players don't have to rely on the site being honest. It has no other bearing on any game as the probabilities for rolling one set of numbers is the same as rolling any other set of numbers. If a site does not offer bonuses and gives the excuse that being "Provably Fair" is the reason, I offer that the real reason is, they have no idea how to run the numbers.
since 50x wager is easily achieved
To make some very simple math here. Say a 1000 satoshi deposit. Times 50 times requirement = 50000 satoshis worth of total bets. The game has a 2% and not a 1% house edge. So 50000 times 2% = 1000 satoshis, which gives the house an expected total win of 1000 satoshis. A 50% bonus returns 500 satoshis to the player. So yeah, we saw no reason to make the requirements higher than what is mathematically possible considering the odds of a player reaching it are 50% in the long run of course. I should also mention that these figures apply to millions of spins and not the few hundred you might be thinking about. Meaning a house gambles on the long game whilst a player is gambling on the short one.
Will there be variations on this math? Of course there will. The percentage between wins and losses in short runs can cause deviations that some people may see as huge. An example is that a player has a run of wins and accumulates a bigger bankroll and is able to reach the requirement with much more than he deposited, collect his bonus and withdraw. Casinos deal with this all the time. And if the casino only had one client and this one client got lucky and hit a lucky run, and lucky again to know when to quit, then yeah, it's a win for the player and what may be considered a huge loss for the casino. What many people don't take into account is that for every player that runs into such a lucky streak, you have ten that don't, just a random number to indicate that winners account for a very small percentage of the overall action on any casino floor. Hell, there is very little mathematical deviation from a dice game and any online slot machine.
A new site is very vulnerable during it's initial opening because a few players can exact huge winnings in a very short time. This is the reason why funding is important in the beginning for any gaming endeavor. The 50% bonus is not a gimmick, or a scam, it just means that the house is actually operating on half of the expected deposits. It also simply means it will need to attract twice the players in order to have the same profits that it would have if there were no bonus.
And actually, limiting the bonus to about the equivalent of €50 is a very conservative bonus plan, as it is meant to limit losses in the initial opening stages of the project. It also encourages maximum €100 deposits as past that amount, you don't get a bonus. Not limiting the bonuses is in reality a very risky move that might put a house in dangerous territory were a few players to hit lucky streaks which are very likely in the short term. The scam is usually never in the game, it is always based on the house's inability to come up with the funds to pay the outliers who can come in at the wrong time and bankrupt the house.
Reeldice is well funded. But we're still taking a conservative approach to the launch. Which is also why we reserve the right, as any house, to limit the deposit amounts and may or may not accept larger deposits. No, we won't be looking for whales for the time being. We encourage players to gamble responsibly, and we also take our own advice.
either way I would never ever deposit to such a dice
This is a fair statement. What is unfair is calling it a scam without providing any reason for doing so. BTW, of course it's empty now, it just launched. But I don't ever remember seeing a gambling site launch full of players. That takes time.
