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Author Topic: Bitcoin Toss - Flip a coin and win double your entry!  (Read 15585 times)
Alex Beckenham
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April 25, 2011, 09:30:58 PM
 #1

My latest site... please check it out... http://bitcointoss.com



Once you make a payment, you can play almost immediately on 0/unconfirmed, then only if you win do you need to wait for the full confirmation before receiving your payout.

Refer and get 1% of your referral's bets.

p.s. I had this site in mind when I did up the 'carrot coin' a couple of days ago... it's the 'losing' side of a bitcoin.

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FreeMoney
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April 25, 2011, 09:57:07 PM
 #2

Very nice doood

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
Insuremeplz
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April 25, 2011, 10:47:09 PM
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Ah I was going to ask if it was weighted in the house's favor, but it is... ever so slightly. I'll probably do some martingaleing later to check it out Wink
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April 25, 2011, 10:48:37 PM
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If you're taking a 1% edge, but paying that edge out to referrers, how do referrals benefit you?

Edit: I'm dumb and it's a 2% edge. Still cool.
sat0pi
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April 25, 2011, 11:28:58 PM
 #5

Lost 10 times in a row. That's not very likely, so I'm not sure how fair this is.

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April 25, 2011, 11:32:17 PM
 #6

Lost 10 times in a row. That's not very likely, so I'm not sure how fair this is.

That's not good. I'm 3 losses for 3 tries. Have you won at all?

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
sat0pi
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April 25, 2011, 11:33:16 PM
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Nope, never won once but I'm not trying anymore. Lost 250 BTC lol

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April 25, 2011, 11:35:11 PM
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Nope, never won once but I'm not trying anymore. Lost 250 BTC lol

Damn.

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
sat0pi
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April 25, 2011, 11:36:27 PM
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Ugh, that was dumb of me. Sad

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April 25, 2011, 11:38:12 PM
 #10

I won on my fifth game. So it isn't 0% at least.

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
sat0pi
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April 25, 2011, 11:39:49 PM
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Must just have been bad luck then I guess. Hooray for wasting all my bitcoins.

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sat0pi
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April 25, 2011, 11:51:05 PM
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One last game on my final 0.01 BTC... Whoops, lost. Surely this must be much lower than a 48-49% chance to win.

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randomguy7
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April 25, 2011, 11:56:26 PM
 #13

0.40^11 0.49^11 (edit: corrected the typo) = about 0.039% chance to lose 11 times in a row.
Did you try to set the doubled amount on every bet?
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April 25, 2011, 11:57:28 PM
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Nope, just random values each time. I messed up because I accidentally bet 150 instead of 15 my first try and stupidly try to win some back. :/

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randomguy7
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April 26, 2011, 12:20:52 AM
 #15

I also lost lots of times in a row at an other flip-a-coin like game (http://bitcointalk.org/index.php?topic=3862.0), it could even be the some guy with a new forum account (just a thougt of me, don't take this as a fact). Personally, I'm done with gambling at sites which don't give me PROVE that they don't rip me off.

Btw, my calculation was wrong, the chance is 0.51^11 = about 0.06%
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April 26, 2011, 12:53:24 AM
 #16

Lol, gambling. The odds are always in the house's favor.

The psychology is really well known too, and is demonstrated in this thread. I'll just have one more try. I'm going to win sooner or later. And that person won, so it is possible!

But even if you win 48% of the time, that's still less than half, so the more you play, the more you are likely to loose.

Learn poker and go and play that. At least, if you are good, you have more than a 50% chance of winning.

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Beremat
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April 26, 2011, 12:56:04 AM
 #17

Just bet 1BTC, and won Smiley
Alex Beckenham
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April 26, 2011, 01:59:40 AM
 #18

Lost 250 BTC lol

Ugh, that was dumb of me. Sad

Woah there, slow down!

If noone else 'claims' such a loss, I'll send you back 240...

GAMBLE RESPONSIBLY!

For what it's worth, the site uses random.org to get a number between 1 and 100 inclusive:

Code:
$ch = curl_init('http://www.random.org/integers/?num=1&min=1&max=100&col=1&base=10&format=plain&rnd=new');
curl_setopt ($ch, CURLOPT_RETURNTRANSFER, 1) ;
$randnum = trim(curl_exec($ch));

if ($randnum>51) {
add_to_log('Player WINS');
$result='bitcoin';
} else {
add_to_log('Player LOSES');
$result='carrot';
}

Anyway thanks for playing... it was a royal pain getting it all to work.

Alex Beckenham
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April 26, 2011, 02:25:26 AM
 #19

Lost 10 times in a row. That's not very likely, so I'm not sure how fair this is.

Were you ID 2?

That user looks like it's just hit refresh over and over again instead of starting each game from the start, which surely doesn't count as 10 losses in a row.

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April 26, 2011, 02:39:34 AM
 #20

Personally, I'm done with gambling at sites which don't give me PROVE that they don't rip me off.


Must mean you entered BitLotto then?  LOL. Wink
(It's pretty much impossible for me to fake anything.)

*Next Draw Feb 1*  BitLotto: monthly raffle (0.25 BTC per ticket) Completely transparent and impossible to manipulate who wins. TOR
TOR2WEB
Donations to: 1JQdiQsjhV2uJ4Y8HFtdqteJsZhv835a8J are appreciated.
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