bustabit.com -- The Social Gambling Game

[Dennis7777]

I was just wondering does bustabit  have an affiliate program?

Nope it does not. This has been answered before and you can find the reason for not implementing it in https://bitcointalk.org/index.php?topic=709185.msg11267913#msg11267913.

[jacee]

I was just wondering does bustabit  have an affiliate program?

Nope it does not. This has been answered before and you can find the reason for not implementing it in https://bitcointalk.org/index.php?topic=709185.msg11267913#msg11267913.

I see, thanks for quoting that. It seem to be a fair enough system not to have the referral system I guess. 

[TipZ]

I've just heard about bustabit as you are closing pevpot! I'll definitely give it a try as soon as i get home

[rfisher1968]

I have withdrawn many hours ago and it still hasn't confirmed. What's holding this up?

I also sent a support message and didn't get a reply.

https://blockchain.info/tx/0da9c86696a6e29ded3c1ba81d28fd99043db32c9f2244b0cc02d2287d1698b3

[Shogen]

I have withdrawn many hours ago and it still hasn't confirmed. What's holding this up?

I also sent a support message and didn't get a reply.

https://blockchain.info/tx/0da9c86696a6e29ded3c1ba81d28fd99043db32c9f2244b0cc02d2287d1698b3

In the past 3 hours, there are only 10 new blocks found (it is not something big but miners are unlucky). As a result, there is some backlog created. https://bitcoinfees.github.io/ shows mempool size going from 1.7 MB 3 hours ago to beyond 10 MB at the moment.

[rfisher1968]

I have withdrawn many hours ago and it still hasn't confirmed. What's holding this up?

I also sent a support message and didn't get a reply.

https://blockchain.info/tx/0da9c86696a6e29ded3c1ba81d28fd99043db32c9f2244b0cc02d2287d1698b3

In the past 3 hours, there are only 10 new blocks found (it is not something big but miners are unlucky). As a result, there is some backlog created. https://bitcoinfees.github.io/ shows mempool size going from 1.7 MB 3 hours ago to beyond 10 MB at the moment.

Thanks for the info, didn't know where to find this information.

[Shogen]

I have withdrawn many hours ago and it still hasn't confirmed. What's holding this up?

I also sent a support message and didn't get a reply.

https://blockchain.info/tx/0da9c86696a6e29ded3c1ba81d28fd99043db32c9f2244b0cc02d2287d1698b3

In the past 3 hours, there are only 10 new blocks found (it is not something big but miners are unlucky). As a result, there is some backlog created. https://bitcoinfees.github.io/ shows mempool size going from 1.7 MB 3 hours ago to beyond 10 MB at the moment.

Thanks for the info, didn't know where to find this information.

Looks like your transaction has finally been confirmed in block 394075 after a wait of ~6 hours. Meanwhile, mempool size on https://bitcoinfees.github.io/ further increases to 25 MB now.

[RHavar]

I have withdrawn many hours ago and it still hasn't confirmed. What's holding this up?

I also sent a support message and didn't get a reply.

https://blockchain.info/tx/0da9c86696a6e29ded3c1ba81d28fd99043db32c9f2244b0cc02d2287d1698b3

In the past 3 hours, there are only 10 new blocks found (it is not something big but miners are unlucky). As a result, there is some backlog created. https://bitcoinfees.github.io/ shows mempool size going from 1.7 MB 3 hours ago to beyond 10 MB at the moment.

Thanks yeah. Once bitcoin 0.12 is released, I plan on sending all withdrawals using opt-in RBF and then do something like bump the fees on transactions that haven't confirmed within an ~hour or something.

I think one of the big appeals of bustabit is the instant withdrawals, but it's hard when it's not obvious what fees to pay

[bearex]

Any strategies how to play here?

[Dennis7777]

Any strategies how to play here?

You should always try your best to get the bonus (reference: https://www.bustabit.com/faq#last) so to overcome the house edge of the game. What you should do to achieve that depends on the the other players' bet sizes and cashout points.

[Aleator]

Any strategies how to play here?

no strategis to play this game i think, 99% depends on your luck and 1% is skill, it's enough to answer your question.
i usually bet on 1.34-1.54 and i got 2-4 win for 5 round(it's me, your luck your pick your bet your win).

[gizane]

Any strategies how to play here?

You should always try your best to get the bonus (reference: https://www.bustabit.com/faq#last) so to overcome the house edge of the game. What you should do to achieve that depends on the the other players' bet sizes and cashout points.

But I think the bonus is not too high compare to what you lose. The more multiplier you get the higher the bonus right? So try to keep aim bonus is not really useful. Usually I played low after sometimes then try to hit higher multiplier. It works better most of the time

[Dennis7777]

Any strategies how to play here?

You should always try your best to get the bonus (reference: https://www.bustabit.com/faq#last) so to overcome the house edge of the game. What you should do to achieve that depends on the the other players' bet sizes and cashout points.

But I think the bonus is not too high compare to what you lose. The more multiplier you get the higher the bonus right? So try to keep aim bonus is not really useful. Usually I played low after sometimes then try to hit higher multiplier. It works better most of the time

To your question of "The more multiplier you get the higher the bonus right?", the answer is "not necessarily". For example, if you are having the biggest bet size in that round, you will get the max bonus as long as you are the last one to cash out. On the other hand, if you are not the biggest bettor in the round, you could cashout "midway". Also, the house edge of bustabit is from 0% to 1% depending on your cashout point, and the bonus could be a lot higher than the house edge, making the game +EV.

[hopenotlate]

Any strategies how to play here?

You should always try your best to get the bonus (reference: https://www.bustabit.com/faq#last) so to overcome the house edge of the game. What you should do to achieve that depends on the the other players' bet sizes and cashout points.

But I think the bonus is not too high compare to what you lose. The more multiplier you get the higher the bonus right? So try to keep aim bonus is not really useful. Usually I played low after sometimes then try to hit higher multiplier. It works better most of the time

To your question of "The more multiplier you get the higher the bonus right?", the answer is "not necessarily". For example, if you are having the biggest bet size in that round, you will get the max bonus as long as you are the last one to cash out. On the other hand, if you are not the biggest bettor in the round, you could cashout "midway". Also, the house edge of bustabit is from 0% to 1% depending on your cashout point, and the bonus could be a lot higher than the house edge, making the game +EV.

You have to be the last big bettor ( not necessarily the last bettor) to catch the biggest chunk of the bonus  ... if I got it right

[RHavar]

You have to be the last big bettor ( not necessarily the last bettor) to catch the biggest chunk of the bonus  ... if I got it right

Pretty much. Although you can generally ignore the noise (e.g. if someone bets 1 bit, and cashes out after you, it doesn't matter much).

For a full technical description see: bustabit.com/faq#last  but the high level is the bonus are a system to reward people for cashing out after each other (but before the bust). All the complications are to make it fair regardless of how much you bet.



Also, bustabit is getting crazy volumes! >1900 BTC wagered two days in a row! And kapi18wro is a stones throw away from 100 BTC in profit!

[EngiNerd]

...
Also, bustabit is getting crazy volumes! >1900 BTC wagered two days in a row! And kapi18wro is a stones throw away from 100 BTC in profit!

Wow, that is crazy volume! I'm glad to see the site doing so well

[dooglus]

Ryan, I stumbled upon this novel way of making huge sha256 chains efficiently:

  https://github.com/rustyrussell/ccan/blob/master/ccan/crypto/shachain/design.txt

Instead of a linear chain of a few million sha256 hashes for provable fairness, he proposes a 64 dimensional hypercube of hashes, giving 2^64 hashes with very little precomputation required.

I thought it was kind of an interesting idea, extending the usefulness of the technique you're using at bustabit.

Currently if I want to verify that you're using the "correct" hash for game #123456 I need to run 123456 sha256 hashes and check that I end up with the genesis hash. Under Rusty's scheme the same could be achieved using something in the order of just 20 sha256 hashes.

Not that it's worth changing at this point in time. But it may be helpful for your next venture.

[Erza]

Any strategies how to play here?

You should always try your best to get the bonus (reference: https://www.bustabit.com/faq#last) so to overcome the house edge of the game. What you should do to achieve that depends on the the other players' bet sizes and cashout points.

But I think the bonus is not too high compare to what you lose. The more multiplier you get the higher the bonus right? So try to keep aim bonus is not really useful. Usually I played low after sometimes then try to hit higher multiplier. It works better most of the time

To your question of "The more multiplier you get the higher the bonus right?", the answer is "not necessarily". For example, if you are having the biggest bet size in that round, you will get the max bonus as long as you are the last one to cash out. On the other hand, if you are not the biggest bettor in the round, you could cashout "midway". Also, the house edge of bustabit is from 0% to 1% depending on your cashout point, and the bonus could be a lot higher than the house edge, making the game +EV.

But to aim its bonus I dont think that you can win all games right? Sometimes you must take some loss too so I think there is no way you can earn just through the bonus thing. And btw how much is the max bonus? Depends on how much you bet and your multiplier?

[dooglus]

But to aim its bonus I dont think that you can win all games right? Sometimes you must take some loss too so I think there is no way you can earn just through the bonus thing. And btw how much is the max bonus? Depends on how much you bet and your multiplier?

There's no maximum bonus. It depends on how other players bet.

If you and 9 other people each bet 1 million bits, nobody else plays, and you are the last one to cash out, you get 10% of your bet as a bonus. If you notice they're all cashing out at 2x you can set your cashout point at 2.01x. Then half the time you'll be getting a 10% bonus, which only losing 0.5% to the house edge on average. That's enough to make a decent profit over time.

Edit: the last person to cash out gets a bonus percentage which is (total_stakes / biggest_stake). In my example the total_stakes were 10 million, and the biggest stake was 1 million. 10 million / 1 million = 10, so the bonus is 10%.

So if there were 200 people each betting 100 bits, the last one to cash out would get a 200% bonus!

[Erza]

But to aim its bonus I dont think that you can win all games right? Sometimes you must take some loss too so I think there is no way you can earn just through the bonus thing. And btw how much is the max bonus? Depends on how much you bet and your multiplier?

There's no maximum bonus. It depends on how other players bet.

If you and 9 other people each bet 1 million bits, nobody else plays, and you are the last one to cash out, you get 10% of your bet as a bonus. If you notice they're all cashing out at 2x you can set your cashout point at 2.01x. Then half the time you'll be getting a 10% bonus, which only losing 0.5% to the house edge on average. That's enough to make a decent profit over time.

Edit: the last person to cash out gets a bonus percentage which is (total_stakes / biggest_stake). In my example the total_stakes were 10 million, and the biggest stake was 1 million. 10 million / 1 million = 10, so the bonus is 10%.

So if there were 200 people each betting 100 bits, the last one to cash out would get a 200% bonus!

But that is impossible to keep on betting 1 mil bit and being the last one to aim the bonus. Because like I said there is no way you could always win the game. Usually I saw big player always using 1mil bit cash out at below 1.5 so they will at least some percent of the bonus rather than losing everything. And for getting 200% bonus I dont think someone can manage it to be the last person to cashout. It is risky