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Author Topic: bustabit.com -- The Social Gambling Game  (Read 292448 times)
ndnh
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September 04, 2015, 01:47:40 PM
 #2141

So, he kind of lost around 82BTC in a day (if you compare the extremes).  Shocked

In other news, Bustabit now has a bankroll of 372 btc, so that 82 btc house profit constitutes 22% of it. https://www.bustabit.com/stats

I am not sure whether that is right. I think you are.

If I am reading things right, the bankroll stays the same, and the profit increased by 82BTC to 506BTC or it is the usual thing, but the investors withdrew few hundreds of bitcoins, more than they invested (from the profit of course).

Is profit part of bankroll as normally done?
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September 04, 2015, 03:31:46 PM
 #2142

Is profit part of bankroll as normally done?

When a player wins, it takes from the bankroll and when a player loses it adds to the bankroll. But the reason for the big discrepancy between the bankroll and total profit, is because the site started with a bankroll (money I put in), and every so often I've withdrawn money for the bankroll to pay for expenses. And if the site needed, I'd put more money into the bankroll (which almost happened once, when the max profit fell below 1 btc).

In effect the bankroll is a sort of soft number that caps my total liability, and is small enough that I can easily prove I hold that amount of money.
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September 04, 2015, 03:45:11 PM
 #2143

Is profit part of bankroll as normally done?

When a player wins, it takes from the bankroll and when a player loses it adds to the bankroll. But the reason for the big discrepancy between the bankroll and total profit, is because the site started with a bankroll (money I put in), and every so often I've withdrawn money for the bankroll to pay for expenses. And if the site needed, I'd put more money into the bankroll (which almost happened once, when the max profit fell below 1 btc).

In effect the bankroll is a sort of soft number that caps my total liability, and is small enough that I can easily prove I hold that amount of money.

Thanks. Smiley
That clarifies everything. Smiley
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September 04, 2015, 03:59:39 PM
 #2144

If anyone wants to watch a show, realhavok has made almost +30 BTC in the last hour, and still betting 1 BTC/round Shocked

This is show! He bets 1B every round it is exciting to watch, but unfortunately he is down 11B at the moment.
 

Edit: -20BTC

That's a ridiculous amount of betting, even if he's down!


Dang!

Looks like he regained some, though. He's only down 11B again.
looks like he's making a huge comeback! instead of being down -20BTC he's now +20BTC! https://www.bustabit.com/user/realhavok

He is magician! Come and watch, he is betting right now!

If he got that much of bitcoin why he always bet 1 btc with 2.xx multiplier? Why dont he just use 10 btc aim 1.02 for he will end up winning a lot with that kind of things. This is just so ridiculous even if he's down he never want to stop. He is such a great whale
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September 04, 2015, 06:53:10 PM
 #2145

If he got that much of bitcoin why he always bet 1 btc with 2.xx multiplier? Why dont he just use 10 btc aim 1.02 for he will end up winning a lot with that kind of things. This is just so ridiculous even if he's down he never want to stop. He is such a great whale

Bustabit doesn't allow that, as it enforces maximum bets of 1 BTC. Unlike traditional dice sites, we have a floating house edge (0% to 0.99%). So cashing out at 1.02x has very close to 0 house edge which would start to become untenably risky if we allowed unlimited bet sizes. By the time you're trying to cashout at 2x, the house edge is now ~0.5% which at least justifies taking the risk (from the our perspective)
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September 04, 2015, 11:47:28 PM
 #2146

If there is anyone capable of writing scripts and would like to write one for hire, please PM me.

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September 05, 2015, 07:47:47 AM
 #2147

If he got that much of bitcoin why he always bet 1 btc with 2.xx multiplier? Why dont he just use 10 btc aim 1.02 for he will end up winning a lot with that kind of things. This is just so ridiculous even if he's down he never want to stop. He is such a great whale

Bustabit doesn't allow that, as it enforces maximum bets of 1 BTC. Unlike traditional dice sites, we have a floating house edge (0% to 0.99%). So cashing out at 1.02x has very close to 0 house edge which would start to become untenably risky if we allowed unlimited bet sizes. By the time you're trying to cashout at 2x, the house edge is now ~0.5% which at least justifies taking the risk (from the our perspective)

Another thing to keep in mind is that you can still bust at 1.02. I was running a script at 1.02x, starting at 1 bit, and within 500 rolls it had already busted (0.00, 1.01, 1.00). At 1 BTC, that'd be (using a theoretical unlimited capped bet) 1+10+100 = 111 BTC lost right there, with a total gain of 5 BTC or a net loss of ~106 BTC.

I've also had a 4x and 5x bust but took more times for that to happen (that would be a 1111 and 11111 BTC loss, respectively).
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September 05, 2015, 08:01:24 AM
Last edit: September 05, 2015, 08:14:52 AM by ndnhc
 #2148

How is the crash point calculated?

Is crashing at precisely 1.02x and crashing at precisely 99.21x has the same probability? I doubt so. Can you make it clear?
Can it crash at 99.21x??

Edit: I mean the distribution is not even, or is it?
I think it does not have the same difference in probability for crashing at two immediately near points.


Edit2: I can say, it does not work like dice, where a similar working would have 1 in 101 chance for hitting any number, but it would have a max of 100. So how does it exactly work?

At 0% house edge,
it would have 50% chance of crossing 2x.
33.33% chance of crossing 3x,
25% chance of crossing 4x, and so on?
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September 05, 2015, 08:21:29 AM
 #2149

How is the crash point calculated?

Is crashing at precisely 1.02x and crashing at precisely 99.21x has the same probability? I doubt so. Can you make it clear?
Can it crash at 99.21x??

Edit: I mean the distribution is not even, or is it?
I think it does not have the same difference in probability for crashing at two immediately near points.


Edit2: I can say, it does not work like dice, where a similar working would have 1 in 101 chance for hitting any number, but it would have a max of 100. So how does it exactly work?

At 0% house edge,
it would have 50% chance of crossing 2x.
33.33% chance of crossing 3x,
25% chance of crossing 4x, and so on?
Hmm maybe this can help you in this https://www.bustabit.com/faq#crash-point , couldn't understand much of it(but I'll edit the post accordingly if I do) as I'm not much of a coder.



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September 05, 2015, 10:37:04 AM
 #2150


Hmm maybe this can help you in this https://www.bustabit.com/faq#crash-point , couldn't understand much of it(but I'll edit the post accordingly if I do) as I'm not much of a coder.

Thanks Smiley
No idea how I missed just that particular part in the entire FAQ.

Not a coder either, but will try to understand things. Smiley
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September 05, 2015, 04:36:05 PM
 #2151

On the game page, the max profit is shown as 10.97 btc while on the stats page the max win is 11.178 btc.
Ryan, could you take a look at the discrepancy?

Yeah, something I've been meaning to fix. The stats page makes a rough approximation of the bankroll, and is a little bit off. The exact bankroll is what you see in game  (Get the max profit and divide by 3%)

I see. Thanks for the clarification.

In effect the bankroll is a sort of soft number that caps my total liability, and is small enough that I can easily prove I hold that amount of money.

It must be feeling great when you are able to call 300+ btc as a "small enough" amount. Grin


How is the crash point calculated?

Is crashing at precisely 1.02x and crashing at precisely 99.21x has the same probability? I doubt so. Can you make it clear?
Can it crash at 99.21x??

Edit: I mean the distribution is not even, or is it?
I think it does not have the same difference in probability for crashing at two immediately near points.


Edit2: I can say, it does not work like dice, where a similar working would have 1 in 101 chance for hitting any number, but it would have a max of 100. So how does it exactly work?

At 0% house edge,
it would have 50% chance of crossing 2x.
33.33% chance of crossing 3x,
25% chance of crossing 4x, and so on?
Hmm maybe this can help you in this https://www.bustabit.com/faq#crash-point , couldn't understand much of it(but I'll edit the post accordingly if I do) as I'm not much of a coder.

https://www.bustabit.com/calculator could be helpful as well, if you are wondering how likely it is for the crashpoint to be above a particular number.

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September 05, 2015, 06:20:06 PM
 #2152

How is the crash point calculated?

There's some information in the FAQ, but the best resource is really just jumping directly to the fair proof. Because to prove it's fair, it has to show how the bust point is generated. See this thread: https://bitcointalk.org/index.php?topic=922898.0 for precise, runnable code.

Quote
Is crashing at precisely 1.02x and crashing at precisely 99.21x has the same probability? I doubt so. Can you make it clear?

Probability of precisely 1.02x: 0.951464%
Probability of precisely 99.21x: 0.000100%

(So very different)

Quote
Can it crash at 99.21x??

Quote
Edit: I mean the distribution is not even, or is it?
I think it does not have the same difference in probability for crashing at two immediately near points.

It's very much not. If you ignore all conflating factors (house edge, floating point maths, bonuses) the probability of it getting to Nx is 1/N.  So it'll get to 2, 50% of the time. It'll get to 10, 10% of the time.  100, 1% of the time.

The reality is there's a slight house edge, a bonus scheme, and some annoying discrete maths involved so it's not as clean. For the dirty reality, the provably-fair / FAQ is a good place to look =)
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September 06, 2015, 05:20:55 PM
Last edit: September 06, 2015, 05:37:56 PM by kahir
 #2153

im having trouble with the new capcha system

https://github.com/zixaphir/appchan-x/issues/836
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September 08, 2015, 04:11:40 PM
 #2154

im having trouble with the new capcha system

https://github.com/zixaphir/appchan-x/issues/836

Thanks, I think we've fixed the issue. Can you give it a try and confirm?
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September 09, 2015, 01:35:29 AM
 #2155

The chat is now hugely improved. Multi-lingual people can subscribe to multiple channels at once, and see the unread messages of each.  And now all users are assigned a random color!
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September 09, 2015, 02:01:16 AM
 #2156

The chat is now hugely improved. Multi-lingual people can subscribe to multiple channels at once, and see the unread messages of each.  And now all users are assigned a random color!

This is awesome! Can you also highlight messages that come to your name. For example @rhavar would always be highlighted on your screen so you can see who's talking to you specifically?
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September 09, 2015, 04:00:03 AM
 #2157

The chat is now hugely improved. Multi-lingual people can subscribe to multiple channels at once, and see the unread messages of each.  And now all users are assigned a random color!

This is awesome! Can you also highlight messages that come to your name. For example @rhavar would always be highlighted on your screen so you can see who's talking to you specifically?
im pretty sure it already does that doesn't it? i might be mistaken though, i always seen the @user highlight before... does it not highlight anymore with the new chat system?

 
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September 09, 2015, 04:45:28 AM
 #2158

The chat is now hugely improved. Multi-lingual people can subscribe to multiple channels at once, and see the unread messages of each.  And now all users are assigned a random color!

This is awesome! Can you also highlight messages that come to your name. For example @rhavar would always be highlighted on your screen so you can see who's talking to you specifically?
im pretty sure it already does that doesn't it? i might be mistaken though, i always seen the @user highlight before... does it not highlight anymore with the new chat system?

Ah, I've never had someone do @myname before, so I'm not 100%. Just figured it wasn't part of it yet, :p. Usually it's one of the last things anyone implements.
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September 09, 2015, 08:00:07 AM
 #2159

The chat is now hugely improved. Multi-lingual people can subscribe to multiple channels at once, and see the unread messages of each.  And now all users are assigned a random color!

Nice change, but what is that icon of the Chinese chat room? It doesn't quite look like the Chinese national flag.

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September 10, 2015, 05:58:56 PM
 #2160

Quite a nice win we had today:



Turned a 24.7 BTC profit on his 7 btc deposit, and ended the day by withdrawing the whole thing cleanly (only confirming the deposit/withdrawal details, as phoking already shared this on the chat).

Well played.
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