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Author Topic: bustabit.com -- The Social Gambling Game  (Read 292497 times)
BitBerau
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September 10, 2014, 07:30:33 PM

Application Error

An error occurred in the application and your page could not be served. Please try again in a few moments.

If you are the application owner, check your logs for details.
I just got the same error on the login page. Hope it gets fixed quickly Grin

yes maybe because VICE lol  Cheesy
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kolloh
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September 10, 2014, 07:37:59 PM

Site is back online now.
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September 10, 2014, 08:51:44 PM

I, personally, find it absolutely nuts to adopt an already in-use unit and apply it to bitcoin.  I think that everyone knows what a bit is, it's a unit of information

In that case the unit of measure of information should have used a different name since bit usage in coinages predates the use in Informatics by centuries.
That said I actually appreciate the idea of going with a microbtc unit, and that gives a sens to a satoshi being 1-e8 rather than 1-e9 btc.

On OTC it was semi-seriously proposed to use "hals", in honor of the late Hal Finney. I'd like this and there's no more confusion in doing that:
  1 btc = 1'000'000 hals
  1 hals = 100 satoshis
espringe
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September 11, 2014, 03:56:41 AM

yes maybe because VICE lol  Cheesy

Yeah it was. For everyone who missed it, Vice was effectively a shill [1] playing with 25 BTC casino money pushing the casino limits a bit.  He managed to turn that 25 BTC -> 75 BTC, which ended up taking down the casino for ~10 minutes while I patched things up. All his games were removed, the +EV people experienced while he played were real, and I recomp'd about ~0.3 BTC to people playing during those games as some of them were motivated to go a bit bigger and harder than they otherwise did.

The casino limits were dropped substantially in response as well, from 1 BTC a bet to .1 -- and max win to about 1 BTC now.

In hindsight, the whole thing was really stupid for me to have done on a live site -- and I'm sorry for anyone mislead by the action in the games he was playing. If it makes anyone feel better, the whole thing was triggered by me being a naive idiot rather than the intentions of misleading anyone



[1] One that I falsely believed was from Vice Magazine, doing a story on Bitcoin Gambling
BitBerau
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September 11, 2014, 04:43:14 AM

I hate him.. Because he not make RAIN.. ┼┼aa┼┼aa.. ┼┼aa┼┼aa..=)) LOL  Cheesy
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September 11, 2014, 05:03:34 AM

I heard that Vice made big profits by max-betting and letting it ride until it triggered the max payout limit.

I had a go myself with less than stellar results:



The game after I stopped ran up to ~80x of course. Smiley

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espringe
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September 11, 2014, 02:21:10 PM

Quite interesting:

TheGamblist ran a simulation over the last 500 to test the profitability of different cash out points, these were his results:

Quote
1.01 = 99% 1.05 = 97% 1.11 = 97% 1.21 = 98% 1.31 = 97% 2.50 = 83% 4.00 = 91% 4.80 = 104% 5.00 = 106% 5.10 = 109% 5.25 = 112% 5.35 = 111% 5.50 = 104% 6.00 = 102% 10 = 82% 13 = 97% 14 = 112% 14.5 = 105% 15 = 108% 16 = 100% 20 = 95% 50 = 87%

Then taking the theory into practice, he started wagering on the profitable cash out amount:


and then with another account going for the other one:



In somewhat of a panic, I wrote up my own little simulation:
Code:
function genGameCrash() {
    if (Math.random() < 0.01)
        return 0;

    var r = Math.random();
    var perfect = (1 / (1 - r));

    var houseEdge = (perfect-1) * 0.01;

    var multiplier = perfect - houseEdge;

    return Math.floor(multiplier * 100);
}




for (var p = 101; p < 2000; p += 1) {  // which cashout points to check (101 = 1.01x )
    var balance = 0;

    var runs = 1000000;  // how many wins at each point (amount of wins)
    for (var i = 0; i < runs; ++i) {

        balance -= 100;

        var cp = genGameCrash();

        if (cp >= p) {
            balance += p;
        } else {
            ++runs; // we didn't win, so lets increase
        }

        if (cp != 0)
            balance++; // add the bonus
    }

    console.log('[Over ', runs , ' games] Cashing out at  ', p/100, ' gives ', balance/i, ' per game');
}

but I'm unable to reproduce the results TheGamblist is seeing, yet i'm oddly nervous (hence posting this here)
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September 11, 2014, 03:46:40 PM

i still cant belive that the site is really crowded with some players i have seen a lot of players betting

good job OP


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September 11, 2014, 04:15:08 PM

games too intense for me. i'll stick with keno
izanagi narukami
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September 12, 2014, 05:57:31 AM

my luckiest part at money pot

https://www.moneypot.com/game/540822

(asuraCheesy
it's make my heart beating fast  Grin

Smiley
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September 12, 2014, 06:45:58 AM

my luckiest part at money pot
https://www.moneypot.com/game/540822

(asuraCheesy
it's make my heart beating fast  Grin
Oh damn, dat crash, hahaha.

I had something similar: https://www.moneypot.com/game/538907

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September 13, 2014, 05:20:58 AM

I deposited 1 BTC a few weeks ago, played a bunch and was lucky enough to get up to 4.68 BTC.

Earlier today I requested a withdrawal for 4.68 BTC, and it was processed shortly afterwards.

There was a bit of a delay while the funds were pulled from cold storage, but not too long.

Just thought I'd report on a positive experience with moneypot.com. Smiley

Edit: here's the withdrawal transaction for what it's worth.

Just-Dice                 ██             
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   1% House Edge
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September 13, 2014, 03:07:30 PM

Hi, so I was playing a 100K bitc bet and I wanted to cashout early. But once I hit on cashout the thing got stuck at 1.16X and the line just kept on moving up till something like 1.7X and it  crashed.. please refund me 0.116 btc to my account zody because the client server got stuck, everything was fine at my part.

http://imgur.com/hvPgsgk
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September 13, 2014, 03:11:52 PM

Hi, so I was playing a 100K bitc bet and I wanted to cashout early. But once I hit on cashout the thing got stuck at 1.16X and the line just kept on moving up till something like 1.7X and it  crashed.. please refund me 0.116 btc to my account zody because the client server got stuck, everything was fine at my part.

http://imgur.com/hvPgsgk

I've seen the number get stuck before while the curve keeps moving. I'm pretty sure it happens when you lose connection to the server temporarily.

If you want to be sure that you will get cashed out at a certain point, even if your ISP connection goes down temporarily, you can use the auto-cashout feature.

Just-Dice                 ██             
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izanagi narukami
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September 13, 2014, 04:11:43 PM

Hi, so I was playing a 100K bitc bet and I wanted to cashout early. But once I hit on cashout the thing got stuck at 1.16X and the line just kept on moving up till something like 1.7X and it  crashed.. please refund me 0.116 btc to my account zody because the client server got stuck, everything was fine at my part.

http://imgur.com/hvPgsgk

yes i've a similiar problem like this
i bet 10.000 bit, then i press cash out immediately
But it won't
it keep going until it crash

I lose it all  Cry

Smiley
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September 13, 2014, 06:23:21 PM

I doubt that because ones it crashed then my connection was automaticly resolved. Please return my BTC. Thanks.....
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September 13, 2014, 08:53:20 PM

Hi, so I was playing a 100K bitc bet and I wanted to cashout early. But once I hit on cashout the thing got stuck at 1.16X and the line just kept on moving up till something like 1.7X and it  crashed.. please refund me 0.116 btc to my account zody because the client server got stuck, everything was fine at my part.

http://imgur.com/hvPgsgk

Hi Abreezy,

Firstly, as a token of good will -- I've credited your account 0.116 BTC.

The issue you saw is caused when the client doesn't hear from the server in a period of 300ms -- it locks the chart on the last value it saw, until the connection resolves.

However, I would like to make it clear that even in the presence of network issues, I can not keep offering rebates -- as if you look at it from my perspective, I actually don't make money in these cases. There are three possibilities:

a) The connection resumes, and the 'cash out' button you no doubt spammed gets sent to the server.
b) The server detects you disconnects and cashes you out
c) You stay in the game, the game continues until crash or max-payout (in this case it would've been 10x)

In all three cases, you are just effectively increasing your risk and reward -- your EV stays more or less the same [2], it's not a source of money for me when network issues slow down (or even prevent!) cash outs




[1] Technically it goes slightly down as the house margin approaches 1%
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September 13, 2014, 08:58:46 PM

Hi, so I was playing a 100K bitc bet and I wanted to cashout early. But once I hit on cashout the thing got stuck at 1.16X and the line just kept on moving up till something like 1.7X and it  crashed.. please refund me 0.116 btc to my account zody because the client server got stuck, everything was fine at my part.

http://imgur.com/hvPgsgk

Hi Abreezy,

Firstly, as a token of good will -- I've credited your account 0.116 BTC.

The issue you saw is caused when the client doesn't hear from the server in a period of 300ms -- it locks the chart on the last value it saw, until the connection resolves.

However, I would like to make it clear that even in the presence of network issues, I can not keep offering rebates -- as if you look at it from my perspective, I actually don't make money in these cases. There are three possibilities:

a) The connection resumes, and the 'cash out' button you no doubt spammed gets sent to the server.
b) The server detects you disconnects and cashes you out
c) You stay in the game, the game continues until crash or max-payout (in this case it would've been 10x)

In all three cases, you are just effectively increasing your risk and reward -- your EV stays more or less the same [2], it's not a source of money for me when network issues slow down (or even prevent!) cash outs




[1] Technically it goes slightly down as the house margin approaches 1%

WOW AWESOME SITE !!!! I WISH I HAD SOME BTC , CAN YOU CREDIT MY ACCOUNT WITH SOME BITS SIR ??

USERNAME - babulal

GREAT SITE AND VERY EXCITED
[/color]

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September 13, 2014, 09:20:48 PM


Just thought I'd report on a positive experience with moneypot.com. Smiley

Thanks! I learnt a lot from you, and enjoyed having you playing



Quote
Edit: here's the withdrawal transaction for what it's worth.

Interesting, looks like your dice.ninja deposit address? Well here's to me hoping you don't use the winnings from my site, to win more from my dice.ninja investment Grin

(Which btw is a great site, and demonstrates my keen investor senses with my 0.0026 investment profit!)

WOW AWESOME SITE !!!! I WISH I HAD SOME BTC , CAN YOU CREDIT MY ACCOUNT WITH SOME BITS SIR ??

USERNAME - babulal

GREAT SITE AND VERY EXCITED
[/color]

I like your enthusiasm! Sent you some play money! But let's not turn this into a give-away thread, there's a free 2 bits an hour in the game for anyone who wants to try =)

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September 13, 2014, 09:30:08 PM

Thanks! I learnt a lot from you, and enjoyed having you playing

It's a fun game - much more so than 'traditional' dicing. The real-time element really makes a difference.

I hope you consider making a crowd-funded version, with higher limits. I'd be very interested in both investing in and playing on such a site.

Just-Dice                 ██             
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   1% House Edge
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