bustabit.com -- The Social Gambling Game

[jaysabi]

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.

Someone who is up 249 btc suggests he has something working for him. At this point, he has a large enough bankroll that he can survive large stretches of variance against him. The only real risk to him is the max win ceiling during a particularly bad stretch of variance limiting his profit on a martingale stretch.

[DarkDays]

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

The interesting thing is that BaB has a max bet.  So at a certain point, his automated betting runs out.  He's already exceeded expectation so much that it's very very unlikely that he'll "lose hard" to the point where he loses even a quarter of his winnings just because he can't bet that much for an extended period of time.

[Hakari]

Long term, house always wins.

[Superhitech]

Long term, house always wins.

Bustabit actually can be +EV if you play for the bonuses, so it is possible to profit in the long run on Bustabit.

I'm excited to see how long those whales can keep up their winning streak.

[akogwapo14]

I give it a try let see if i get profit for this game

[Lanzador]

I give it a try let see if i get profit for this game

Only way to do that is play when it's profitable....go for the bonus at the right time and you can make it +EV

[buxlover]

I give it a try let see if i get profit for this game

Only way to do that is play when it's profitable....go for the bonus at the right time and you can make it +EV

No that's not a good way to win in gambling, you get only a few bits through bonus and never a big win. You are missing the fun and luck in gambling, That might be suitable for some investments. Anyway am trying a new strategy in the site and I'll let you guys know if mine works for some period of time.

Ah, I know no strategy can work with any gambling in the long run, but hope is the word which drives us to play again. Same applies for me too

[Lanzador]

I give it a try let see if i get profit for this game

Only way to do that is play when it's profitable....go for the bonus at the right time and you can make it +EV

No that's not a good way to win in gambling, you get only a few bits through bonus and never a big win. You are missing the fun and luck in gambling, That might be suitable for some investments. Anyway am trying a new strategy in the site and I'll let you guys know if mine works for some period of time.

Ah, I know no strategy can work with any gambling in the long run, but hope is the word which drives us to play again. Same applies for me too

I don't believe there are no strategies that will work in the long run...I believe that's actually the best way to make long-term profit on BaB - probably the only way.

[hubballi]

I give it a try let see if i get profit for this game

Only way to do that is play when it's profitable....go for the bonus at the right time and you can make it +EV

No that's not a good way to win in gambling, you get only a few bits through bonus and never a big win. You are missing the fun and luck in gambling, That might be suitable for some investments. Anyway am trying a new strategy in the site and I'll let you guys know if mine works for some period of time.

Ah, I know no strategy can work with any gambling in the long run, but hope is the word which drives us to play again. Same applies for me too

I don't believe there are no strategies that will work in the long run...I believe that's actually the best way to make long-term profit on BaB - probably the only way.

It is the universal true fact that in gambling dice or bustabit or any other game in long run you will be in loss, for short term if you are in profit better to cashout and leave that game.

[dooglus]

It is the universal true fact that in gambling dice or bustabit or any other game in long run you will be in loss

No it isn't.

bustabit's bonus system means that it is possible to play a +EV strategy and so have a positive profit in the long run.

That is what people keep trying to tell you: taking advantage of the bonus is the only way to have a positive expectation in this game.

[Lanzador]

And it's much more challenging & rewarding than just gambling regularly...

[JasonXG]

It is the universal true fact that in gambling dice or bustabit or any other game in long run you will be in loss

No it isn't.

bustabit's bonus system means that it is possible to play a +EV strategy and so have a positive profit in the long run.

That is what people keep trying to tell you: taking advantage of the bonus is the only way to have a positive expectation in this game.

I know you run your own casino site and know more then I do but how can what you say be true ? If it was then wouldn't bustabit be losing money ? How can mathematically ot be plausable to male a profit. Its suppose to be the other way around otherwise the house won't make money since it is a business, which of coarse you already know ^^

[TwitchySeal]

dooglus = inside

[Lanzador]

It is the universal true fact that in gambling dice or bustabit or any other game in long run you will be in loss

No it isn't.

bustabit's bonus system means that it is possible to play a +EV strategy and so have a positive profit in the long run.

That is what people keep trying to tell you: taking advantage of the bonus is the only way to have a positive expectation in this game.

I know you run your own casino site and know more then I do but how can what you say be true ? If it was then wouldn't bustabit be losing money ? How can mathematically ot be plausable to male a profit. Its suppose to be the other way around otherwise the house won't make money since it is a business, which of coarse you already know ^^

Because that bonus isn't from the house, it's from other players.

[Marma Kalari]

And it's much more challenging & rewarding than just gambling regularly...

aint bustabit a gambling sort of thing ,i was trying to figure out how it works but then i find it easy to understand than other regular forms of gambling and i find bustabit and dice as a no brainier gambling platforms

[DarkDays]

It is the universal true fact that in gambling dice or bustabit or any other game in long run you will be in loss

No it isn't.

bustabit's bonus system means that it is possible to play a +EV strategy and so have a positive profit in the long run.

That is what people keep trying to tell you: taking advantage of the bonus is the only way to have a positive expectation in this game.

I know you run your own casino site and know more then I do but how can what you say be true ? If it was then wouldn't bustabit be losing money ? How can mathematically ot be plausable to male a profit. Its suppose to be the other way around otherwise the house won't make money since it is a business, which of coarse you already know ^^

Read the thread/read how the game works.  It's quite simple.  Not EVERYONE can be +ev, but a few people (at a time) can be, because of how the bonus qualifier is structured. 1% 'bonus' is payed out 100 times for every one 0x crash (every loses/no bonus), so that bonus is neutral ev for the house.  As long as you can get an average bonus for >1.xx% (where the xx is the average house edge based on when you cash out), you're making long term profit from the game.  Of course this means that there are some (a lot) of people who are losing more than the house edge because they rarely get a bonus payout...but every 1/101 games they instalose.  But those loses are in essence going to the players who are playing the game optimally.

[Lanzador]

It is the universal true fact that in gambling dice or bustabit or any other game in long run you will be in loss

No it isn't.

bustabit's bonus system means that it is possible to play a +EV strategy and so have a positive profit in the long run.

That is what people keep trying to tell you: taking advantage of the bonus is the only way to have a positive expectation in this game.

I know you run your own casino site and know more then I do but how can what you say be true ? If it was then wouldn't bustabit be losing money ? How can mathematically ot be plausable to male a profit. Its suppose to be the other way around otherwise the house won't make money since it is a business, which of coarse you already know ^^

Read the thread/read how the game works.  It's quite simple.  Not EVERYONE can be +ev, but a few people (at a time) can be, because of how the bonus qualifier is structured. 1% 'bonus' is payed out 100 times for every one 0x crash (every loses/no bonus), so that bonus is neutral ev for the house.  As long as you can get an average bonus for >1.xx% (where the xx is the average house edge based on when you cash out), you're making long term profit from the game.  Of course this means that there are some (a lot) of people who are losing more than the house edge because they rarely get a bonus payout...but every 1/101 games they instalose.  But those loses are in essence going to the players who are playing the game optimally.

Exactly, if you can determine the point every game at which the bonus outweighs the variable house edge + the 1/101 0.00x bust chance, then you'll always be +EV (depending on the actions of other players of course)

[DarkDays]

It is the universal true fact that in gambling dice or bustabit or any other game in long run you will be in loss

No it isn't.

bustabit's bonus system means that it is possible to play a +EV strategy and so have a positive profit in the long run.

That is what people keep trying to tell you: taking advantage of the bonus is the only way to have a positive expectation in this game.

I know you run your own casino site and know more then I do but how can what you say be true ? If it was then wouldn't bustabit be losing money ? How can mathematically ot be plausable to male a profit. Its suppose to be the other way around otherwise the house won't make money since it is a business, which of coarse you already know ^^

Read the thread/read how the game works.  It's quite simple.  Not EVERYONE can be +ev, but a few people (at a time) can be, because of how the bonus qualifier is structured. 1% 'bonus' is payed out 100 times for every one 0x crash (every loses/no bonus), so that bonus is neutral ev for the house.  As long as you can get an average bonus for >1.xx% (where the xx is the average house edge based on when you cash out), you're making long term profit from the game.  Of course this means that there are some (a lot) of people who are losing more than the house edge because they rarely get a bonus payout...but every 1/101 games they instalose.  But those loses are in essence going to the players who are playing the game optimally.

Exactly, if you can determine the point every game at which the bonus outweighs the variable house edge + the 1/101 0.00x bust chance, then you'll always be +EV (depending on the actions of other players of course)

Well...kind of.  The bonus is solely based on the actions of the other players.  So playing a +ev game is only based on you 'outplaying' the other players in the game.

[Lanzador]

It is the universal true fact that in gambling dice or bustabit or any other game in long run you will be in loss

No it isn't.

bustabit's bonus system means that it is possible to play a +EV strategy and so have a positive profit in the long run.

That is what people keep trying to tell you: taking advantage of the bonus is the only way to have a positive expectation in this game.

I know you run your own casino site and know more then I do but how can what you say be true ? If it was then wouldn't bustabit be losing money ? How can mathematically ot be plausable to male a profit. Its suppose to be the other way around otherwise the house won't make money since it is a business, which of coarse you already know ^^

Read the thread/read how the game works.  It's quite simple.  Not EVERYONE can be +ev, but a few people (at a time) can be, because of how the bonus qualifier is structured. 1% 'bonus' is payed out 100 times for every one 0x crash (every loses/no bonus), so that bonus is neutral ev for the house.  As long as you can get an average bonus for >1.xx% (where the xx is the average house edge based on when you cash out), you're making long term profit from the game.  Of course this means that there are some (a lot) of people who are losing more than the house edge because they rarely get a bonus payout...but every 1/101 games they instalose.  But those loses are in essence going to the players who are playing the game optimally.

Exactly, if you can determine the point every game at which the bonus outweighs the variable house edge + the 1/101 0.00x bust chance, then you'll always be +EV (depending on the actions of other players of course)

Well...kind of.  The bonus is solely based on the actions of the other players.  So playing a +ev game is only based on you 'outplaying' the other players in the game.

Hence the last part of my comment...

[TwitchySeal]

How does wager amount come into play ?  I'm assuming it must.  Right?