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Author Topic: New Bitcoinica Alternative  (Read 2864 times)
adamstgBit
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February 09, 2012, 03:12:40 AM
 #21

Wow, people are already wasting time and the site won't even pay out yet!  Grin

This site is fucking great.
22:10:52  Game over.

22:10:49  Bet: 1. Balance 0 coins.

22:10:26  Bet: 1. Balance 1 coins.

22:10:09  Bet: 1. Balance 2 coins.

22:09:52  Bet: 1. Balance 3 coins

I need to deposit more btc!

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ineededausername
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February 09, 2012, 03:26:15 AM
 #22

Sadly, the creator of this great site has moved on to better things.  It's been up in beta for months.

http://bitcoinstats.com/irc/bitcoin/logs/2011/11/14/15

(BFL)^2 < 0
old_engineer
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February 09, 2012, 08:26:27 AM
 #23

Wow, people are already wasting time and the site won't even pay out yet!  Grin

This site is fucking great.

It's the new farmville.
cloon
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February 09, 2012, 03:57:18 PM
 #24

you all know, that it needs a wining chance lower than 50%  to finance the site

if this site would be alredy up, (playble with money) they would never be able to pay all the winnings...
myself played few times with free 5 coins, but won everytime 100+
-> system would collaps

donations to 13zWUMSHA7AzGjqWmJNhJLYZxHmjNPKduY
dooglus
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February 09, 2012, 10:42:02 PM
 #25

you all know, that it needs a wining chance lower than 50%  to finance the site

if this site would be alredy up, (playble with money) they would never be able to pay all the winnings...
myself played few times with free 5 coins, but won everytime 100+
-> system would collaps

You would think that a 98% payout should mean a 2% profit on turnover, but it seems the variance is massive.  The first few times I played I lost the 5 BTC I 'deposited'.  Then I got on a lucky streak:

Code:
14:38:05  Won 4000 coins. Balance 51651 coins.
14:38:02  Bet: 100. Balance 47651 coins.

So I lost about 15 and won 47k - and it seems from this thread that plenty of others are also winning big.

How can that be?

Maybe rather than setting the payout to around 50% the answer to achieving an affordable variance is not to allow bets of 50 or 100 times the minimum.

gewure
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February 09, 2012, 10:46:16 PM
 #26

ROFLMFAO genius!! Cheesy

where can i donate?!
dooglus
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February 10, 2012, 08:29:13 PM
 #27

I just calculated the expected payoff of this game.

It's 416%.

No wonder we're all winning!

Symbol layout:

Code:
wheel 1: 1 1 3 1 5 2 1 6 2 1 4 3 0 1 2 3 4 0 7 1 2 1 3 1 1 3
wheel 2: 1 0 2 1 3 4 0 2 6 0 3 1 4 7 0 5 0 3 2 0 1 0 2 1 0 2
wheel 3: 3 0 1 3 2 5 0 2 1 6 0 3 1 0 1 0 2 4 7 3 0 0 1 3 0 1

Symbol distribution:
Code:
 |  1  2  3
--+----------
0 |  2  8  8
1 | 10  5  6
2 |  4  5  3
3 |  5  3  5
4 |  2  2  1
5 |  1  1  1
6 |  1  1  1
7 |  1  1  1

Payouts:
Code:
7 7 7   500
6 6 6   250
5 5 5   150
4 4 4   100
6 5 4    80
3 3 3    80
3 3 .    50
2 2 2    50
2 2 .    40
1 1 1    30
1 1 .    15
0 0 0    10
0 0 .     5
0 . .     2

Calculation:
Code:
>>> (500 + 250 + 150 + 100*4 + 80 + 80*5*3*5 + 50*5*3*(26-5) + 50*4*5*3 + 40*4*5*(26-3) +
     30*10*5*6 + 15*10*5*(26-6) + 10*2*8*8 + 5*2*8*(26-8) + 2*2*(26-8)*26) / 26.0 / 26 / 26
4.1603322712790165

It turns out that if the 40 payout was the only winning combination, we would still win with a 104% payout:

Code:
>>> 40*4*5*(26-3) / 26.0 / 26 / 26
1.0468821119708696

wobber
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February 10, 2012, 09:47:02 PM
 #28

I like the Bitcoinica-like look. How is this made?

If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
stochastic
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February 10, 2012, 10:00:02 PM
 #29

I just calculated the expected payoff of this game.

It's 416%.

No wonder we're all winning!

Symbol layout:

Code:
wheel 1: 1 1 3 1 5 2 1 6 2 1 4 3 0 1 2 3 4 0 7 1 2 1 3 1 1 3
wheel 2: 1 0 2 1 3 4 0 2 6 0 3 1 4 7 0 5 0 3 2 0 1 0 2 1 0 2
wheel 3: 3 0 1 3 2 5 0 2 1 6 0 3 1 0 1 0 2 4 7 3 0 0 1 3 0 1

Symbol distribution:
Code:
 |  1  2  3
--+----------
0 |  2  8  8
1 | 10  5  6
2 |  4  5  3
3 |  5  3  5
4 |  2  2  1
5 |  1  1  1
6 |  1  1  1
7 |  1  1  1

Payouts:
Code:
7 7 7   500
6 6 6   250
5 5 5   150
4 4 4   100
6 5 4    80
3 3 3    80
3 3 .    50
2 2 2    50
2 2 .    40
1 1 1    30
1 1 .    15
0 0 0    10
0 0 .     5
0 . .     2

Calculation:
Code:
>>> (500 + 250 + 150 + 100*4 + 80 + 80*5*3*5 + 50*5*3*(26-5) + 50*4*5*3 + 40*4*5*(26-3) +
     30*10*5*6 + 15*10*5*(26-6) + 10*2*8*8 + 5*2*8*(26-8) + 2*2*(26-8)*26) / 26.0 / 26 / 26
4.1603322712790165

It turns out that if the 40 payout was the only winning combination, we would still win with a 104% payout:

Code:
>>> 40*4*5*(26-3) / 26.0 / 26 / 26
1.0468821119708696

Funny right?  A person should not get in the gambling game unless they understand statistics.

Introducing constraints to the economy only serves to limit what can be economical.
DannyM
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February 10, 2012, 10:06:11 PM
 #30

I like the Bitcoinica-like look. How is this made?

http://twitter.github.com/bootstrap/
dooglus
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February 10, 2012, 10:54:55 PM
 #31

Funny right?  A person should not get in the gambling game unless they understand statistics.

Maybe the plan was to put up a 'play money' game with a 400% payout then adjust the odds when it went live.

stochastic
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February 11, 2012, 07:23:55 AM
 #32

Funny right?  A person should not get in the gambling game unless they understand statistics.

Maybe the plan was to put up a 'play money' game with a 400% payout then adjust the odds when it went live.

That would be devious, but since the site has been in beta for months I assume they did not know how to do the slots right.  My biggest concern for sites that are associated with bitcoin is security, which is why my potential sites are still on the drawing board.

Introducing constraints to the economy only serves to limit what can be economical.
Koekiemonster
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February 11, 2012, 09:55:01 AM
 #33

Funny right?  A person should not get in the gambling game unless they understand statistics.

Maybe the plan was to put up a 'play money' game with a 400% payout then adjust the odds when it went live.

That would be devious, but since the site has been in beta for months I assume they did not know how to do the slots right.  My biggest concern for sites that are associated with bitcoin is security, which is why my potential sites are still on the drawing board.

Isn't it obvious that actually is the case? Why would you think he miscalculated? It's fairly simple to calculate odds and any programmer should be able to do that.
It seems only logical to me to put some random 100%+ payout in beta

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stochastic
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February 11, 2012, 10:07:07 AM
 #34

Funny right?  A person should not get in the gambling game unless they understand statistics.

Maybe the plan was to put up a 'play money' game with a 400% payout then adjust the odds when it went live.

That would be devious, but since the site has been in beta for months I assume they did not know how to do the slots right.  My biggest concern for sites that are associated with bitcoin is security, which is why my potential sites are still on the drawing board.

Isn't it obvious that actually is the case? Why would you think he miscalculated? It's fairly simple to calculate odds and any programmer should be able to do that.
It seems only logical to me to put some random 100%+ payout in beta

If it is simple for them to calculate then why put some random 100%+ payout in beta?  If they are just going to adjust the odds later when it goes live, then why not just put the live odds in beta?  If it is to trick unsuspecting people that got huge profits with their play money in beta, then they would be called out quickly.  If they are just being lazy then no wonder it is still in beta.

I guess it doesn't matter.  I won't ever play it if it ever goes live.  It is a cool looking slot though.

Introducing constraints to the economy only serves to limit what can be economical.
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