cryptoini (OP)
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February 11, 2020, 12:34:08 PM |
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Hi everybody!
I have an idea for a Bitcoin strategy game that I want to share with the community.
The idea could be called "biggest whale wins". Let's say there is a pot, any user can place a bet of any amount that goes to the pot. The only condition is that each bet must be bigger than the previous one. There is a countdown of let's say 24 hours. When the time expires, the biggest bet wins the entire pot. It is very simple, but it can be exciting, how much will you risk to win the pot, how big the pot can be? To improve the game, we can add the option of a random period of time, so you don't know when the current round is going to end. Or also the option that the time period increases or decreases in each new bet, depending on some factor such as the difference in the bet amount from the previous one.
Example of a game's round:
player 1 places a bet of 0.001 BTC, pot = 0.001 BTC player 2 places a bet of 0.005 BTC, pot = 0.006 BTC player 3 places a bet of 0.006 BTC, pot = 0.012 BTC player 4 places a bet of 0.01 BTC, pot = 0.022 BTC player 2 places a new bet of 0.02 BTC, pot = 0.042 BTC player 5 places a bet of 0.025 BTC, pot = 0.067 BTC player 1 places a new bet of 0.1 BTC, pot = 0.167 BTC player 6 places a bet of 0.15 BTC, pot = 0.317 BTC player 2 place a bet of 0.2 BTC, pot = 0.517 BTC round ends, placer 2 wins 0.517 BTC
What do you think? Since many people play casinos at other random games, would you like to play a game more focused on strategy? What improvements or variations can be added?
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milewilda
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February 11, 2020, 01:27:48 PM |
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What do you think? Since many people play casinos at other random games, would you like to play a game more focused on strategy? What improvements or variations can be added?
So, its just like some Fomo3d game once again but now does have the time limit of 24 hours? There were already games on the said new concept you say but actually end up on becoming trash yet this one is just really good for those whales out there that do have the money to put before the time runs out or most people will target out that last minute.Its better to find or consider on creating a new game excluding this one.
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HammaSan
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February 11, 2020, 02:47:57 PM |
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I found the idea interesting. Sometimes people say: "this is not going to work". But I think it all depends on the genius of who is behind the idea. Just remember what happened to the tablets. Steve Jobs took a stage at the Yerba Buena Center for the Arts, an event space in the city of San Francisco, California to present the next step in a successful saga that began with the iPod, went through the iPhone to finally reach the iPad , on January 27 of that year, 2010. Tablets were not exactly a novelty. The idea has been around for a long time, and some products of this type have been on the market since the 1990s. At the turn of the millennium, Microsoft even coined the term “Tablet PC” to designate computers in portable format, normally thought to be used with a stylus. Even though it existed for more than a decade, the format was never a commercial success. Companies have always failed to create a product that is attractive to the end consumer and that justifies its price. Only Apple was able to understand what the public wanted for a tablet format, also relying a little on the famous “reality distortion magic” that only Steve Jobs was able to use.
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DoublerHunter
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February 11, 2020, 03:24:02 PM |
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First, Welcome to Bitcointalk gambling community. This is not a new one. I've seen a lot of these kinds of concepts already. It's just that I forget the specific websites that have the same strategy game. Maybe because I wasn't really interested and I am not a big whale myself. But I think the duration is not a bad idea. It's just that, there is a loophole from the end of the strategy-game provider as they can actually manipulate it. As a suggestion, I guess the period of time is not really the best thing. It is better to make it short, and quick. The players will place their bets within 10-15 seconds. And then boom, the results will show. Nevertheless, more trust, less risk in manipulation.
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bitbunnny
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February 11, 2020, 03:32:14 PM |
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What do you think? Since many people play casinos at other random games, would you like to play a game more focused on strategy? What improvements or variations can be added?
So, its just like some Fomo3d game once again but now does have the time limit of 24 hours? There were already games on the said new concept you say but actually end up on becoming trash yet this one is just really good for those whales out there that do have the money to put before the time runs out or most people will target out that last minute.Its better to find or consider on creating a new game excluding this one. I don't think this is an unique idea, there are already a lot of similar activities. To my.opinion such game, strategy or to call it whatever name can't attract users to put money into it, at least I wouldn't. Also, I don't think it has a potential for commercial success and that is important. Something more original and creative could maybe have some chances, this is not the case.
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cryptoini (OP)
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February 11, 2020, 03:33:16 PM Last edit: February 11, 2020, 03:48:40 PM by cryptoini |
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First, Welcome to Bitcointalk gambling community. This is not a new one. I've seen a lot of these kinds of concepts already. It's just that I forget the specific websites that have the same strategy game. Maybe because I wasn't really interested and I am not a big whale myself. But I think the duration is not a bad idea. It's just that, there is a loophole from the end of the strategy-game provider as they can actually manipulate it. As a suggestion, I guess the period of time is not really the best thing. It is better to make it short, and quick. The players will place their bets within 10-15 seconds. And then boom, the results will show. Nevertheless, more trust, less risk in manipulation.
Thanks for your comment and the previous ones. I would like to know about these other websites that have similar or the same concept of game. About the time period, that's why I suggest some way that it depends also on the player's choices. Perhaps players can choose to extend or reduce the time remaining until the end of the round. Or perhaps there is a 60 seconds expiring time from last bet. So, if one bet stays for 60 seconds without any other player placing a bet, it wins. Also, I am thinking that to open the game to everybody, not only big whales, there could be the option of "pool bets" where many players put together small amounts on the same bet and then they share the jackpot accordingly if they win.
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khaled0111
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February 11, 2020, 04:32:34 PM |
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I would like to know about these other websites that have similar or the same concept of game.
I don't have links to their websites right now but most of them were built using Ethereum smart contracts. Fomo3D had a similar concept where players buy keys and each buy extends the game session by x seconds. The last buyers wins the jackpot.
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Docnaster
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February 11, 2020, 06:38:11 PM |
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I remember there was an ICO with a very similar idea and a pretty cool design.
I've forgotten its name now, but it basically had a jackpot system where if nobody bids higher than the previous amount within a certain deadline, the last bet would win the entire pot.
I'll search for it now and update this when I find it.
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FGT
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February 11, 2020, 06:48:54 PM |
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It is not a new idea, it is a classic penny auction type of games. I saw several games based only on this idea, but some Tron DApps have this type of game as an additional game for Tokens burning with real wins, e. g. Fightron DApp.
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milewilda
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February 11, 2020, 11:55:42 PM |
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What do you think? Since many people play casinos at other random games, would you like to play a game more focused on strategy? What improvements or variations can be added?
So, its just like some Fomo3d game once again but now does have the time limit of 24 hours? There were already games on the said new concept you say but actually end up on becoming trash yet this one is just really good for those whales out there that do have the money to put before the time runs out or most people will target out that last minute.Its better to find or consider on creating a new game excluding this one. I don't think this is an unique idea, there are already a lot of similar activities. To my.opinion such game, strategy or to call it whatever name can't attract users to put money into it, at least I wouldn't. Also, I don't think it has a potential for commercial success and that is important. Something more original and creative could maybe have some chances, this is not the case. I have seen other recet threads that do have the same concept asking on a lottery game that do guess out on what would be the prize pool amount until the timer ends. This one is no different yet all players would target out or trying to get the last spot for them to win.As said by most people here this isnt new nor an effective way or idea on getting players or attraction to this community.
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adaseb
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February 12, 2020, 04:37:41 AM |
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Either I am having dejavu or this website was already launched on the ETH network a few months back and everybody said it unfair and not gambling since it wouldn't be based on luck but instead size of bankroll. I am too lazy to search but it was posted sometime in the last 6 months or so. From what I remember it had like 2 rounds before the thread was forgotten about, never really took off.
One of the main reasons was that it was unfair to the small gamblers and it would promote cheating since a large whale can just use a bot to send his BTC until he wins. And others said it wasn't a "lottery" or "gambling" since it wasn't based on luck or strategy like dice or poker but instead it was based on bankroll. If a whale has 1000 BTC and he is challenged against a few people with 0.01 BTC, obviously the whale would win.
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Ucy
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February 12, 2020, 07:30:23 AM |
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What happens if no one wins in the end? Do you redistribute the money back to the owners? This sounds a little bit like auctioning, only that the participants (aside the winner) loses everything. I wonder how much goes to the lottery owner.
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Haunebu
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February 12, 2020, 07:50:48 AM |
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Noticed a user recently who conducted these games and ended up at a loss which is why this is a tough idea to execute profitably over the long term. What happens if no one wins in the end? Do you redistribute the money back to the owners? This sounds a little bit like auctioning, only that the participants (aside the winner) loses everything. I wonder how much goes to the lottery owner.
There will always be a winner since you technically need a single bet to decide the winner in these games which is why the money won't be redistributed to everyone after the game ends. The owner will probably receive a small percent of the winnings as commission.
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20kevin20
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February 12, 2020, 08:29:09 AM |
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I personally think the idea is crap. Whales are winning enough through trades, dumps and pumps. Why the hell would we invent a game for the whales to win against everyone else? It would literally be an easy income and all the other players will not have any chance against them.
What would be a more fair design is the more you bet, the more chances you have to win. Large players will win a few times, but there is always this risk of losing all you have. In other words:
- player 1 bets 0.01BTC - player 2 bets 0.09BTC - player 3 bets 0.40BTC - player 4 bets 0.50BTC
=> player 1 has 1% chance to win, player 2 has a 9% chance, player 3 has 40% chance and player 4 has 50%.
Making it an assured win for those who bet the most is a bad idea.
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Bitinity
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February 12, 2020, 08:59:49 AM |
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What happens if no one wins in the end? Do you redistribute the money back to the owners? This sounds a little bit like auctioning, only that the participants (aside the winner) loses everything. I wonder how much goes to the lottery owner.
There should be a winner on each round, it will be strange if the game has no winner at all and no one will be interested to join if there is a chance of no winner on each round. It is just like a lottery in general imho, the more a player bet then the higher chance of this player to win the whole pot. Not a new idea obviously and the only strategy is to bet as much as possible to get a higher chance than other players. I doubt this kind of game will get good interest from gamblers.
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hopenotlate
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February 12, 2020, 09:13:45 AM Last edit: February 12, 2020, 09:24:33 AM by hopenotlate |
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Only way I can eventually see it as a working business is to implement in a smart contract otherwise there would be a huge trust issue regarding the subject holding the funds until game end.
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Ailmand
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February 12, 2020, 09:15:52 AM |
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Gamblers with a high amount bankroll will enjoy such game. This migh be exciting to watch and players might get a high amount of money depending on the amount of bets accumulated. Well, I guess it is better to have atleast a number of players winning the pot foe example, the winner gets 50% of the pot, 2nd placer gets 30%, 3rd gets 15% and 4th gets 5% or any of such proportion to atleast give incentives to those who have joined.
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arwin100
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February 12, 2020, 09:18:24 AM |
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What happens if no one wins in the end? Do you redistribute the money back to the owners? This sounds a little bit like auctioning, only that the participants (aside the winner) loses everything. I wonder how much goes to the lottery owner.
There should be a winner on each round, it will be strange if the game has no winner at all and no one will be interested to join if there is a chance of no winner on each round. It is just like a lottery in general imho, the more a player bet then the higher chance of this player to win the whole pot. Not a new idea obviously and the only strategy is to bet as much as possible to get a higher chance than other players. I doubt this kind of game will get good interest from gamblers. It's strange to see that no winners will win for the said round and no gamblers want to see that occuring especially if they place higher bets so they should specify if they will return the existing bets or they will keep it. And same as you I doubt this idea will click since I think I see this kind of idea placed before but didn't work since people didn't find it worthy to play with.
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xvids
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February 12, 2020, 11:48:00 AM |
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Hi everybody!
I have an idea for a Bitcoin strategy game that I want to share with the community.
The idea could be called "biggest whale wins". Let's say there is a pot, any user can place a bet of any amount that goes to the pot. The only condition is that each bet must be bigger than the previous one. There is a countdown of let's say 24 hours. When the time expires, the biggest bet wins the entire pot. It is very simple, but it can be exciting, how much will you risk to win the pot, how big the pot can be? To improve the game, we can add the option of a random period of time, so you don't know when the current round is going to end. Or also the option that the time period increases or decreases in each new bet, depending on some factor such as the difference in the bet amount from the previous one.
Example of a game's round:
player 1 places a bet of 0.001 BTC, pot = 0.001 BTC player 2 places a bet of 0.005 BTC, pot = 0.006 BTC player 3 places a bet of 0.006 BTC, pot = 0.012 BTC player 4 places a bet of 0.01 BTC, pot = 0.022 BTC player 2 places a new bet of 0.02 BTC, pot = 0.042 BTC player 5 places a bet of 0.025 BTC, pot = 0.067 BTC player 1 places a new bet of 0.1 BTC, pot = 0.167 BTC player 6 places a bet of 0.15 BTC, pot = 0.317 BTC player 2 place a bet of 0.2 BTC, pot = 0.517 BTC round ends, placer 2 wins 0.517 BTC
What do you think? Since many people play casinos at other random games, would you like to play a game more focused on strategy? What improvements or variations can be added?
To be honest I don't think that this kind of game would really get some gamblers, There are so many flaws about it how could we know if we aren't being played by the creator? What if we are against bot or something and this is one sided game since only the whales win this kind of game no small time gambler would ever want to be part of it. So sooner or later your so called game would be boring since there would only be some gamblers to play against each other and they would also leave.
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The Cryptovator
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February 12, 2020, 12:54:03 PM |
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Oops! It's looking like auction. Who bid highest he will win eventually. I don't believe it will work like this. As you said, it's just a whales game. Is there any limitation of participants? If not then someone will bid higher at the end second of time. There is so many intelligent since there will be countdown timers. Who bided first time then he would lost if doesn't bother to bid again. Not interesting to me at all but it would interested for whales. They need just an opportunity to enter.
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