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Author Topic: PRCDice.eu - Largest Dice invest site - Open since 2013! Chat, Play, Invest!  (Read 89090 times)
Kunfu
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October 02, 2014, 06:27:08 AM
 #881

I don't like the server seed changing after each bet. On JD your server seed stayed the same until you randomized.
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dooglus
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October 02, 2014, 06:30:06 AM
 #882

I've always loved this type of system of not charging commission on the same profit twice, but always thought it could introduce new types of unexpected mechanics.  Something like buying/selling accounts with "negative profits", etc.

The fact that the site had to keep some data in memory, that some money was "worth different" than other money (money in one account was not the same as money in another account, because of past investment history which would skew the profits taken from them, ie. same amount of money in a new account would make a different amount in ROI, than money in another account that could have negative profits) always confused me, as it seemed like you as the operator were making less money to provide users with this benefit.

It's really the only fair way of doing it. I don't think it's fair to charge commission on wins if you don't give some kind of rebate on losses. And yes, the site could take more commission if it charged 10% on all profits, but it was never my intention to make a bunch of coins. I wanted JD to be fair for all concerned.

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October 02, 2014, 06:53:32 PM
 #883

Seuntjie DiceBot update!

V2.5.2 update log:
Fixed the zig zag issue.
Fixed the chance not setting correctly at PRC
Changed timeout response: after 30 seconds of inactivity, it will retry the last bet. After a further 90 seconds of inactivity, it will refresh the page, attempt to set currency to previous betting currency, then retry last bet.
Added the ability to bet a % of the balance. No multipliers or such stuff added to the feature. It bets the % you set it to.

Download:
Complete download: http://sourceforge.net/projects/seuntjiejddb/files/Complete%20Release/DiceBot-2.5.2.zip/download
Update only: http://sourceforge.net/projects/seuntjiejddb/files/Update%20Only/DiceBot-2.5.2.exe/download (replace previous .exe with this one, requires v2.5 or newer)

Source on github and sourceforge is up to date

See https://bitcointalk.org/index.php?topic=307425 for more info

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October 02, 2014, 07:30:23 PM
 #884

So if players are winning, investors lose their normal losses plus the house takes a cut of what's left of their investment? Seems brutal...
Investors are currently doing better out of the new system...
http://goo.gl/87Hk1C
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October 02, 2014, 10:13:18 PM
 #885

So if players are winning, investors lose their normal losses plus the house takes a cut of what's left of their investment? Seems brutal...
Investors are currently doing better out of the new system...
http://goo.gl/87Hk1C

Yes that's because the players are losing more than expected.
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October 02, 2014, 10:15:40 PM
 #886

Taking a commission instantly on each bet actually removes one important incentive for the site owners:
To make sure that there's no bugs which give the gamblers an advantage.

I dont like that.
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October 02, 2014, 10:21:05 PM
 #887

Taking a commission instantly on each bet actually removes one important incentive for the site owners:
To make sure that there's no bugs which give the gamblers an advantage.

I dont like that.

That's not true at all because if that was occurring there wouldn't be a site for long.

It actually should increase confidence in investors because the site has a guaranteed income. So no incentive for the site to cheat the investors which seems to be peoples biggest worry with investment sites.
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October 03, 2014, 06:26:04 AM
 #888

Taking a commission instantly on each bet actually removes one important incentive for the site owners:
To make sure that there's no bugs which give the gamblers an advantage.

That's the complaint I kept seeing when I brought up the idea of charging commission on every bet at JD. Investors want the site to also be "invested" in the site's profit.

That's not true at all because if that was occurring there wouldn't be a site for long.

It's quite possible that there is an obscure bug that someone is using to drain 1 BTC per day from the site. If they don't get too greedy you would never notice such a leak, and would just put it down to variance. It's not impossible for a site to survive despite a bug that lets a player steal from it, so long as the player is smart enough not to overdo it.

It actually should increase confidence in investors because the site has a guaranteed income. So no incentive for the site to cheat the investors which seems to be peoples biggest worry with investment sites.

That doesn't follow. Cheating investors gives you more income than not cheating investors. Whatever commission model you use. To say there is "no incentive for the site to cheat the investors" is disingenuous. The incentive is that it increases your income, and is undetectable.

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PocketRocketsCasino
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October 03, 2014, 08:39:52 AM
 #889

Taking a commission instantly on each bet actually removes one important incentive for the site owners:
To make sure that there's no bugs which give the gamblers an advantage.

That's the complaint I kept seeing when I brought up the idea of charging commission on every bet at JD. Investors want the site to also be "invested" in the site's profit.

That's not true at all because if that was occurring there wouldn't be a site for long.

It's quite possible that there is an obscure bug that someone is using to drain 1 BTC per day from the site. If they don't get too greedy you would never notice such a leak, and would just put it down to variance. It's not impossible for a site to survive despite a bug that lets a player steal from it, so long as the player is smart enough not to overdo it.

It actually should increase confidence in investors because the site has a guaranteed income. So no incentive for the site to cheat the investors which seems to be peoples biggest worry with investment sites.

That doesn't follow. Cheating investors gives you more income than not cheating investors. Whatever commission model you use. To say there is "no incentive for the site to cheat the investors" is disingenuous. The incentive is that it increases your income, and is undetectable.

Regarding the bug, someone could drain 1 Bitcoin each day on a site regardless of the investment model used (if such a bug existed).  
I don't think there is less incentive to check for cheating at all in that regard.
I am invested in the site profit because if there is no site profit then investors will divest and the site will start to lose traffic to the competition.

For the second part you are right yes but the arguments I was seeing are that I would be more likely to cheat on weeks where there were zero commission. This new model means that that specific incentive is not there.

Obviously you are right that ANY site could still play against the bankroll of the investors undetected and increase their income. Investors still have to decide if they trust a site and it's owner enough not to do that before investing on it.

Would be great if there were a solution to that problem. I've seen a few discussions but nothing that would work in implementation.

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October 03, 2014, 09:10:37 AM
 #890

 When I tried to reach to https://pocketrocketscasino.eu/, it says the site uses a security confirmation document which is not valid. fyi.

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October 03, 2014, 09:14:42 AM
 #891

When I tried to reach to https://pocketrocketscasino.eu/, it says the site uses a security confirmation document which is not valid. fyi.


Thanks.
I took the poker and blackjack down for now to focus on making the dice better. Not much traffic for these games at the moment.
The pocketrocketscasino.eu site is setup to redirect to prcdice.eu but as you pointed out has some issues with the https connection which I'll try get sorted today.
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October 04, 2014, 03:13:09 AM
 #892

Regarding the bug, someone could drain 1 Bitcoin each day on a site regardless of the investment model used (if such a bug existed).  
I don't think there is less incentive to check for cheating at all in that regard.
I am invested in the site profit because if there is no site profit then investors will divest and the site will start to lose traffic to the competition.

Well clearly there is less incentive to check for cheating under the new commission model than under the old one.

Under the old model, for every 1 BTC that is stolen from the site, you make 0.1 BTC less (and risk losing investors).

Under the new model, for every 1 BTC that is stolen from the site, you make the same (and risk losing investors).

See the difference? Less incentive to prevent bugs now than before. The risk of losing investors when the site does badly is a constant with respect to commission model. But your gains relative to cheating players are now constant, whereas previously you lost when players cheated.

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October 04, 2014, 03:16:49 AM
 #893

I took the poker and blackjack down for now to focus on making the dice better. Not much traffic for these games at the moment.

It's hard to find a decent OFC game online. PRC had one of the best. It's a shame that the resources it was consuming were needed to increase dice development focus, but OK.

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BayAreaCoins
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October 04, 2014, 03:41:16 AM
 #894

http://bitcoingambling.reviews/prcdice/

Good review for you guys Smiley

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October 08, 2014, 03:34:26 PM
 #895


You didn't write "I don't recommend getting drunk and dicing". At least for me, that always ends in losses.
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October 08, 2014, 03:48:17 PM
 #896

PRC down?
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October 08, 2014, 03:52:57 PM
 #897

i want to ask about this

Quote
- Affiliate program https://prcdice.eu/info/affiliate
- Referral bonus - For every user you refer to PRC you will get 0.001BTC added to your account.

what it mean ?

every my referral must bet or my referral just register?

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October 08, 2014, 04:31:06 PM
 #898

i want to ask about this

Quote
- Affiliate program https://prcdice.eu/info/affiliate
- Referral bonus - For every user you refer to PRC you will get 0.001BTC added to your account.

what it mean ?

every my referral must bet or my referral just register?
I think he must bet 0.1 before getting paid.

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October 08, 2014, 04:48:38 PM
 #899

i want to ask about this

Quote
- Affiliate program https://prcdice.eu/info/affiliate
- Referral bonus - For every user you refer to PRC you will get 0.001BTC added to your account.

what it mean ?

every my referral must bet or my referral just register?

If you click the link it seems the affiliate program pays a percentage of total losses:

Quote
Each day at 12pm UTC you will be paid 1% of the total Dice profit from players you have referred to Pocket Rockets Casino

1% of the total dice profit paid every day? That's a good deal. It's probably just sloppy English though and they probably mean 1% of daily dice profit.

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October 08, 2014, 07:16:25 PM
Last edit: October 08, 2014, 08:18:14 PM by BayAreaCoins
 #900

i want to ask about this

Quote
- Affiliate program https://prcdice.eu/info/affiliate
- Referral bonus - For every user you refer to PRC you will get 0.001BTC added to your account.

what it mean ?

every my referral must bet or my referral just register?

I don't think the affiliate pay is even on right now.  Not worth fucking with it atm.

"The affiliate program ended on 29/09/2014 12am BST. There will be a new one launched soon based on the new investment model."

Dean has made it clear that he intends on a new program being launched soon in chat and I think he is in a interesting marketing position with the new commission set-up.

If he plays his card right he could turn this into a marketing monster.  Every large "real" casino is a marketing monster.

I don't see why affiliates wouldn't get paid win or lose with the new system.

If you get the affiliate people caring if there are players + give them the ability to invest in the site as well + making a 2.5% per roll win or lose.... shit.

If people were interested in a rake back then they could just sign up under their own affiliate link... you kill two birds with one stone and add a site "rake" (which is what pwned AK.)  Offering every player potentially a better rake back that even what PD offered AK! IF they want to take the time.


Edit:

Confirmed Affiliate stuff isn't paying:

12:30: Wilco i tried that but dean stopped affiliate rewards Sad

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