bustabit.com -- The Social Gambling Game

[katerniko1]

Wow, we've finally hit  500k bitcoin wagered!!


As a fun prize, first person who can tell me how many nyan games there has been, since we've been provably fair will get 0.1 btc. (Please don't guess, show exactly how you figured it out)

The answer is exactly: 2213 nyans!
I got all the gamehashes using "node gamecrashes 4ab7c5905cf87f80211de3c48cc09b4a82652e4e96f8b5bd6da7489cdc3392c5 > all.txt" with a recent hash. Then i opened the file and counted the number os instances over 1000 (using regex). It is 2213.

145Xmfzn9v3qAHMcJ9DXyVUEHG2PDwVEEk

Thanks my bustabit acct.

Thanks! Fluxxy!

nice, but job like this would be impossible for me i dont get a thing you did there xD well done
regards.
-Katerniko1

[TwitchySeal]

3223303
https://www.bustabit.com/stats from there
regards.
-Katerniko1

3223303 is the (somewhat incorrect) number of games in total. Only roughly one in a thousand games are Nyan games, though.

im not sure what nyan games means
regards.
-Katerniko1

"NyaNyaNyaNya"

regards.
-Twitchyseal

[RHavar]

Another couple of big winners on bustabit:

gohard for 164.3:


and

inside for 127.6 BTC:





(Apologizes for the spam, but it sucks to lose 300 bitcoin and not get at least some marketing material out of it  )

[hopenotlate]

Really expensive marketing, I 'd suggest you to launch a signature campaing and save hundreds of BTC  

On a serious note : around $ 105K and $ 81K worth of bitcoin wins here, really impressive and amazing (and a bit anviable as well) .

[Lanzador]

Hey Ryan, a while back you explored the idea of creating "shares" for BustaBit - do you have any intentions of ever re-visiting that idea?

[RocketSingh]

Another couple of big winners on bustabit:

gohard for 164.3:
https://dl.dropboxusercontent.com/spa/rmczv2tqcr196vz/iy4nc27e.png

and

inside for 127.6 BTC:
https://dl.dropboxusercontent.com/spa/rmczv2tqcr196vz/cui0n-o2.png




(Apologizes for the spam, but it sucks to lose 300 bitcoin and not get at least some marketing material out of it  )

LoLz... that's pretty expensive. Really. But, I like the way u market.

[Lanzador]

Another couple of big winners on bustabit:

gohard for 164.3:
https://dl.dropboxusercontent.com/spa/rmczv2tqcr196vz/iy4nc27e.png

and

inside for 127.6 BTC:
https://dl.dropboxusercontent.com/spa/rmczv2tqcr196vz/cui0n-o2.png




(Apologizes for the spam, but it sucks to lose 300 bitcoin and not get at least some marketing material out of it  )

LoLz... that's pretty expensive. Really. But, I like the way u market.

Haha this is the only time he markets, when BaB loses a ton of money. Not a bad strategy....big wins give people hope.

[MartinL]

Since Ryan posted, gohard has won another 40 BTC!

[Lanzador]

Can someone tell me what the roomAmount variable stands for in this house edge calculation?

1 % * (intendedCashOut - roomAmount) * (roomAmount / intendedCashOut)

[RHavar]

Can someone tell me what the roomAmount variable stands for in this house edge calculation?

1 % * (intendedCashOut - roomAmount) * (roomAmount / intendedCashOut)

It means how much you bet. The name is a vestigial leftover from the time you joined a room to bet a certain amount of money. (But now there's only 1 "room" and you can bet how much you like)

[MartinL]

Can someone tell me what the roomAmount variable stands for in this house edge calculation?

1 % * (intendedCashOut - roomAmount) * (roomAmount / intendedCashOut)

It is worth noting that intendedCashOut is an absolute value–not the multiplier–and that the formula will return an absolute value.

If you only want to know the relative house edge for a certain multiplier, you can use the simplified function 0.01 - 0.01/m, where m is the multiplier.

[Lanzador]

Can someone tell me what the roomAmount variable stands for in this house edge calculation?

1 % * (intendedCashOut - roomAmount) * (roomAmount / intendedCashOut)

It means how much you bet. The name is a vestigial leftover from the time you joined a room to bet a certain amount of money. (But now there's only 1 "room" and you can bet how much you like)

Right, so using that formula though, I"m getting different odds than what your calculator is spitting out. That should give you even 50/50 odds of doubling your money, right?

.01*(200-100)*(100/200) = 0.5 (50%)

Factoring in the 1% chance of busting at 0 should give the bettor a total expected return of 0.49 (49%), no? Am I doing this math wrong?

[RHavar]

.01*(200-100)*(100/200) = 0.5 (50%)

You did that correct. The house edge at 2x is indeed 0.5%  (see: bustabit.com/faq#odds for a nice chart)

Factoring in the 1% chance of busting at 0 should give the bettor a total expected return of 0.49 (49%), no? Am I doing this math wrong?

The chance of busing at 0x, is actually 1 in 101 -- but it doesn't impact the house edge at all. (Because in the other 100 out of 101 games, the site gives out 1%). Making the whole bonus/instabust scheme 0 EV

[Lanzador]

.01*(200-100)*(100/200) = 0.5 (50%)

You did that correct. The house edge at 2x is indeed 0.5%  (see: bustabit.com/faq#odds for a nice chart)

Factoring in the 1% chance of busting at 0 should give the bettor a total expected return of 0.49 (49%), no? Am I doing this math wrong?

The chance of busing at 0x, is actually 1 in 101 -- but it doesn't impact the house edge at all. (Because in the other 100 out of 101 games, the site gives out 1%). Making the whole bonus/instabust scheme 0 EV

Ah gotcha. Thanks for the clarification.

[CrazyCraig]

Another couple of big winners on bustabit:

gohard for 164.3:


and

inside for 127.6 BTC:





(Apologizes for the spam, but it sucks to lose 300 bitcoin and not get at least some marketing material out of it  )

Thanks literally insane. Ouch man.

[knox203]

Another couple of big winners on bustabit:

gohard for 164.3:


and

inside for 127.6 BTC:


(Apologizes for the spam, but it sucks to lose 300 bitcoin and not get at least some marketing material out of it  )

Thanks literally insane. Ouch man.

what a crazy bet from gohard. now his profit at 246 btc wow he almost up 100 btc in 24 hours

[adi33]

really lucky person who wins so many bitcoin, my every existing bitcoin and gambling in bustabit always defeat, each already make a profit I forgot to disclose. and finally lose whereas the site is quite interesting to me

[~Bitcoin~]

what a crazy bet from gohard. now his profit at 246 btc wow he almost up 100 btc in 24 hours

He seem really lucky guy, i have never got such luck in bustabit even when i tried different strategy on autobetting for really long time betting 24 hour for few days.

Looking at his betting pattern https://bustabit.com/user/gohard
he is increasing bet on every loss (+10% around) and cashing out on 19x multiplier quite risky to try with small bankroll.  

[IOTUSA]

Ups and downs are part of gambling even as the house. Long term, house always wins.

[IOTUSA]

what a crazy bet from gohard. now his profit at 246 btc wow he almost up 100 btc in 24 hours

He seem really lucky guy, i have never got such luck in bustabit even when i tried different strategy on autobetting for really long time betting 24 hour for few days.

Looking at his betting pattern https://bustabit.com/user/gohard
he is increasing bet on every loss (+10% around) and cashing out on 19x multiplier quite risky to try with small bankroll.  

Strategy works until it doesn't and then he will lose hard.