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Author Topic: bustabit.com -- The Social Gambling Game  (Read 293996 times)
Alvin Fahriza
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March 24, 2015, 09:25:34 AM
 #1501

bad luck Sad
checkout at 1.1
but crash 1.07 hmm

Tlee88
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March 24, 2015, 12:47:52 PM
 #1502

I think I will try with this stragety : bet 100 bits cash out at 1.01x , if loss increase bet by 100x , with max bet in round 3 ( if lose in two rounds before ) is 1BTC . Any one think it will get profit Tongue

sed
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March 24, 2015, 12:52:28 PM
 #1503



Ironically the only way to beat the house edge is to play strategically to maximize your bonus, in which you need to bet high and cashout late. So in order to have +EV (safe in some sense), you need to play unsafe bets . Tongue

Not true (or ironic).  The median crash point is 1.97x.  So you just need to observe the other large bettors to figure out the optimal way to play each round.  If they cash out over 2x, insta cash out and you'll hit the bonus more often than not.  If they cash out under 2x (most do), you just need to cash out immed after they do.  Since the house edge under 2x is <.5%, and the bonus 'house edge' is .99% (it crashes at 0x 1/101 times), as long as you are averaging a bonus >1.5%, you are playing profitably.  It's very possible to get bonus' 2% and over on the regular cashing out around 1.2-1.5x, depending on how the other players are playing, assuming you bet around the same amount as the largest bettor.

I think one of the more intereseting/attractive things about this game is the supposed ability to "beat the house edge" by playing strategically.  I have to admit I haven't yet looked into what this means in details.  Nevertheless, I appreciate your post cryformesky.  I clearly need to read up on this stuff before I play again.
arallmuus
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March 24, 2015, 01:00:51 PM
 #1504

I think I will try with this stragety : bet 100 bits cash out at 1.01x , if loss increase bet by 100x , with max bet in round 3 ( if lose in two rounds before ) is 1BTC . Any one think it will get profit Tongue

this is actually a bad strategy, as there is always a chance to actually crash below 1.01x constinuously and the risk is far greater than what you earn using this strategy

100 x 1.01 = 1 bits

10,000 x 1.01 = 100 bits

1,000,000 x 1.01 = 10,000 bits

the second and third chance will be that you actually try to win back your bet amount, and each win at the first chance will only net you 1 bits which is 100 satoshis, but once you lose, you risk a greater amount than what you earned using the strategy

 
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gege1976
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March 24, 2015, 01:30:48 PM
 #1505

does anyone have a strategy to win playing in moneypot

Yes.
"Brother Patrick" seems to have that good but too long strategy :

Bet 1 : 50 bits, cashed out 1.02
Bet 2 : 250 bits cashed out 1.26
Bet 3 : 16200 bits cashed out 1.02

https://www.moneypot.com/user/Brother_Patrick
https://www.moneypot.com/user/Brother_Patrick?p=6156
Tlee88
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March 24, 2015, 01:50:56 PM
 #1506

I think I will try with this stragety : bet 100 bits cash out at 1.01x , if loss increase bet by 100x , with max bet in round 3 ( if lose in two rounds before ) is 1BTC . Any one think it will get profit Tongue

this is actually a bad strategy, as there is always a chance to actually crash below 1.01x constinuously and the risk is far greater than what you earn using this strategy

100 x 1.01 = 1 bits

10,000 x 1.01 = 100 bits

1,000,000 x 1.01 = 10,000 bits

the second and third chance will be that you actually try to win back your bet amount, and each win at the first chance will only net you 1 bits which is 100 satoshis, but once you lose, you risk a greater amount than what you earned using the strategy
but , I have never seen game crash below 1.01 in 3 rounds continuous , so I think it will safe

Joca97
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March 24, 2015, 02:32:27 PM
 #1507

I think I will try with this stragety : bet 100 bits cash out at 1.01x , if loss increase bet by 100x , with max bet in round 3 ( if lose in two rounds before ) is 1BTC . Any one think it will get profit Tongue

this is actually a bad strategy, as there is always a chance to actually crash below 1.01x constinuously and the risk is far greater than what you earn using this strategy

100 x 1.01 = 1 bits

10,000 x 1.01 = 100 bits

1,000,000 x 1.01 = 10,000 bits

the second and third chance will be that you actually try to win back your bet amount, and each win at the first chance will only net you 1 bits which is 100 satoshis, but once you lose, you risk a greater amount than what you earned using the strategy
but , I have never seen game crash below 1.01 in 3 rounds continuous , so I think it will safe
this method can really work
i seen only 2 times 0x and 1.01x crashes
but there is always a chance to crash 3 times but good luck with this strategy...but you are only earning dust with this so i wouldent recommend this to anyone

MonsterV
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March 24, 2015, 03:49:17 PM
 #1508

I think I will try with this stragety : bet 100 bits cash out at 1.01x , if loss increase bet by 100x , with max bet in round 3 ( if lose in two rounds before ) is 1BTC . Any one think it will get profit Tongue

this is actually a bad strategy, as there is always a chance to actually crash below 1.01x constinuously and the risk is far greater than what you earn using this strategy

100 x 1.01 = 1 bits

10,000 x 1.01 = 100 bits

1,000,000 x 1.01 = 10,000 bits

the second and third chance will be that you actually try to win back your bet amount, and each win at the first chance will only net you 1 bits which is 100 satoshis, but once you lose, you risk a greater amount than what you earned using the strategy
but , I have never seen game crash below 1.01 in 3 rounds continuous , so I think it will safe
this method can really work
i seen only 2 times 0x and 1.01x crashes
but there is always a chance to crash 3 times but good luck with this strategy...but you are only earning dust with this so i wouldent recommend this to anyone

I've tried it but only managed 3 x subsequently failed

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Tlee88
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March 24, 2015, 03:53:59 PM
 #1509

I think I will try with this stragety : bet 100 bits cash out at 1.01x , if loss increase bet by 100x , with max bet in round 3 ( if lose in two rounds before ) is 1BTC . Any one think it will get profit Tongue

this is actually a bad strategy, as there is always a chance to actually crash below 1.01x constinuously and the risk is far greater than what you earn using this strategy

100 x 1.01 = 1 bits

10,000 x 1.01 = 100 bits

1,000,000 x 1.01 = 10,000 bits

the second and third chance will be that you actually try to win back your bet amount, and each win at the first chance will only net you 1 bits which is 100 satoshis, but once you lose, you risk a greater amount than what you earned using the strategy
but , I have never seen game crash below 1.01 in 3 rounds continuous , so I think it will safe
this method can really work
i seen only 2 times 0x and 1.01x crashes
but there is always a chance to crash 3 times but good luck with this strategy...but you are only earning dust with this so i wouldent recommend this to anyone

I've tried it but only managed 3 x subsequently failed
but with 3x , you could not get back the amount you lost previous

cazkooo
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March 24, 2015, 05:09:27 PM
 #1510

I think I will try with this stragety : bet 100 bits cash out at 1.01x , if loss increase bet by 100x , with max bet in round 3 ( if lose in two rounds before ) is 1BTC . Any one think it will get profit Tongue

this is actually a bad strategy, as there is always a chance to actually crash below 1.01x constinuously and the risk is far greater than what you earn using this strategy

100 x 1.01 = 1 bits

10,000 x 1.01 = 100 bits

1,000,000 x 1.01 = 10,000 bits

the second and third chance will be that you actually try to win back your bet amount, and each win at the first chance will only net you 1 bits which is 100 satoshis, but once you lose, you risk a greater amount than what you earned using the strategy
but , I have never seen game crash below 1.01 in 3 rounds continuous , so I think it will safe
this method can really work
i seen only 2 times 0x and 1.01x crashes
but there is always a chance to crash 3 times but good luck with this strategy...but you are only earning dust with this so i wouldent recommend this to anyone

I've tried it but only managed 3 x subsequently failed
but with 3x , you could not get back the amount you lost previous

this is actually a good strategy, but the minus is you will need 1 btc + balance and even if you win, you can only get a little btc, it will takes like 24hours just to get less than 0.1 btc, so if you got patient, you can try this strategy
CryForMeSky
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March 24, 2015, 05:14:26 PM
 #1511

but , I have never seen game crash below 1.01 in 3 rounds continuous , so I think it will safe

That's not really intelligent thinking.  Crashing 3x @ 0x or 1x has a likelihood of happening of ~.00077% of the time (I believe).  Or once every 130,000 times.  So, on average, 129,999 times you'll win 1 or 0 and 1 time you'll lose 1,010,100.  Doesn't seem like a good gamble.

And realistically, does it make sense to bet 1,000,000 in order to win 1?  On anything?
Slark
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March 24, 2015, 05:16:09 PM
 #1512

I think I will try with this stragety : bet 100 bits cash out at 1.01x , if loss increase bet by 100x , with max bet in round 3 ( if lose in two rounds before ) is 1BTC . Any one think it will get profit Tongue

this is actually a bad strategy, as there is always a chance to actually crash below 1.01x constinuously and the risk is far greater than what you earn using this strategy

100 x 1.01 = 1 bits

10,000 x 1.01 = 100 bits

1,000,000 x 1.01 = 10,000 bits

the second and third chance will be that you actually try to win back your bet amount, and each win at the first chance will only net you 1 bits which is 100 satoshis, but once you lose, you risk a greater amount than what you earned using the strategy
but , I have never seen game crash below 1.01 in 3 rounds continuous , so I think it will safe
this method can really work
i seen only 2 times 0x and 1.01x crashes
but there is always a chance to crash 3 times but good luck with this strategy...but you are only earning dust with this so i wouldent recommend this to anyone

I've tried it but only managed 3 x subsequently failed
but with 3x , you could not get back the amount you lost previous

this is actually a good strategy, but the minus is you will need 1 btc + balance and even if you win, you can only get a little btc, it will takes like 24hours just to get less than 0.1 btc, so if you got patient, you can try this strategy
You can call it 'faucet strategy' and it is nothing really that awesome. Since you are gaining so little and you need a lot of time to pull it out.
WEBcreator
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March 24, 2015, 05:18:11 PM
 #1513

but , I have never seen game crash below 1.01 in 3 rounds continuous , so I think it will safe

That's not really intelligent thinking.  Crashing 3x @ 0x or 1x has a likelihood of happening of ~.00077% of the time (I believe).  Or once every 130,000 times.  So, on average, 129,999 times you'll win 1 or 0 and 1 time you'll lose 1,010,100.  Doesn't seem like a good gamble.

And realistically, does it make sense to bet 1,000,000 in order to win 1?  On anything?

doesnt make any sense at all, I will actually bet 1 btc on the first and make 1.01 chance and get 0.01, withdraw it safely and cash it to money, repeat it the next day for a month  Roll Eyes Roll Eyes

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Tlee88
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March 24, 2015, 05:37:24 PM
 #1514

but , I have never seen game crash below 1.01 in 3 rounds continuous , so I think it will safe

That's not really intelligent thinking.  Crashing 3x @ 0x or 1x has a likelihood of happening of ~.00077% of the time (I believe).  Or once every 130,000 times.  So, on average, 129,999 times you'll win 1 or 0 and 1 time you'll lose 1,010,100.  Doesn't seem like a good gamble.

And realistically, does it make sense to bet 1,000,000 in order to win 1?  On anything?
yes, if it happens, I truly unlucky man

CryForMeSky
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March 24, 2015, 06:22:35 PM
 #1515

but , I have never seen game crash below 1.01 in 3 rounds continuous , so I think it will safe

That's not really intelligent thinking.  Crashing 3x @ 0x or 1x has a likelihood of happening of ~.00077% of the time (I believe).  Or once every 130,000 times.  So, on average, 129,999 times you'll win 1 or 0 and 1 time you'll lose 1,010,100.  Doesn't seem like a good gamble.

And realistically, does it make sense to bet 1,000,000 in order to win 1?  On anything?

doesnt make any sense at all, I will actually bet 1 btc on the first and make 1.01 chance and get 0.01, withdraw it safely and cash it to money, repeat it the next day for a month  Roll Eyes Roll Eyes

That would be 1,000,000 to win 10,000 (which is still a pretty dumb approach if .01BTC means enough to you go go through the hassle of selling it every day).  I said 1,000,000 to win 1.  Or .000001BTC
CryForMeSky
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March 24, 2015, 06:23:41 PM
 #1516

but , I have never seen game crash below 1.01 in 3 rounds continuous , so I think it will safe

That's not really intelligent thinking.  Crashing 3x @ 0x or 1x has a likelihood of happening of ~.00077% of the time (I believe).  Or once every 130,000 times.  So, on average, 129,999 times you'll win 1 or 0 and 1 time you'll lose 1,010,100.  Doesn't seem like a good gamble.

And realistically, does it make sense to bet 1,000,000 in order to win 1?  On anything?
yes, if it happens, I truly unlucky man

If you try it for one roll and lose, then yes that's super unlucky.  If you leave it running day and night you WILL lose everything you have. 
Shogen
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March 24, 2015, 09:12:02 PM
 #1517

but , I have never seen game crash below 1.01 in 3 rounds continuous , so I think it will safe

That's not really intelligent thinking.  Crashing 3x @ 0x or 1x has a likelihood of happening of ~.00077% of the time (I believe).  Or once every 130,000 times.  So, on average, 129,999 times you'll win 1 or 0 and 1 time you'll lose 1,010,100.  Doesn't seem like a good gamble.

And realistically, does it make sense to bet 1,000,000 in order to win 1?  On anything?
yes, if it happens, I truly unlucky man

If you try it for one roll and lose, then yes that's super unlucky.  If you leave it running day and night you WILL lose everything you have

This is the point many gamblers fail to realize before it is too late.
They only know the chance to lose X bets in a row is very low, but don't understand that the chance will go higher and higher as the number of bets increases.

Havelivi
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March 24, 2015, 10:44:08 PM
 #1518

Gambling is all about luck. if you have bad time no strategy doesn't work at all even you can lose at 1.01X. Moneypot brought to so many players good amount . I love this site from the day one as I am not in loss yet.
NumismaCorporation
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March 25, 2015, 12:27:57 AM
 #1519


 Exactly , you can have any strategy and by all means the 'best' strategy is subjective but even if you find the 'best' one , you can't win against house edge in the long term.
anshar
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March 25, 2015, 12:36:20 AM
 #1520


 Exactly , you can have any strategy and by all means the 'best' strategy is subjective but even if you find the 'best' one , you can't win against house edge in the long term.

Actually, MoneyPot is special. Really special. No other site has the type of bonus like on Moneypot. I've seen bonus multipliers of up to + 0.08x your bet. Meaning, if you include the house edge, you could have a +7% house edge. But that is based on luck. If you notice how a different high roller is playing, try and grab the bonuses, and maybe you'll win yourself some good money!
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