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Author Topic: bustabit.com -- The Social Gambling Game  (Read 292450 times)
NLNico
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May 12, 2016, 08:12:45 AM
 #2581

AFAIK both being lucky in-game and trading on steam and/or "skin exchanges". I still don't fully understand it either, probably someone could give a specific site where you can buy those skins.

I did notice lately that this "skin gambling" is actually pretty damn big. There are sources that claim it's bigger than "cryptocurrency gambling" (and by looking at "self-claimed $ stats" of some sites, they do look pretty big.) BTW, most sites also claim to be provably fair, but actually aren't Sad (typical 30 second P2P raffle, "here is a hash so it's provably fair".. "meanwhile we add a winning house player".) I still don't know if there is like a central forum where all those players/sites communicate.. pretty much still a mystery for me how that skin gambling community works Tongue



Anyway, getting bit off-topic here.. but IMO it just shows once again that bitcoin gambling is still relatively small and has so much potential for the future Smiley

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james.lent
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May 12, 2016, 08:57:48 AM
 #2582

So im guessing your steam items skins which you wanna bet gets converted into coins.

What are 'skins'? Can I buy them with the $5 in my account? Or do I have to buy and play a steam game first, and somehow find the skins in-game?

As what NLNico said, can be traded, bought or received via in game. Some skins cost extremely high. Have a look at https://opskins.com
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May 12, 2016, 09:09:23 AM
 #2583

So im guessing your steam items skins which you wanna bet gets converted into coins.

What are 'skins'? Can I buy them with the $5 in my account? Or do I have to buy and play a steam game first, and somehow find the skins in-game?

As what NLNico said, can be traded, bought or received via in game. Some skins cost extremely high. Have a look at https://opskins.com


Maybe I'm a too oldschool gamer and didn't get things right; but, in case I'm understanding it correctly, are there really people around willing ot spend $ 200 to buy an ingame item?

https://opskins.com/?loc=shop_view_item&item=19782566


sorry for offtopic but find it a bit shocking  Shocked

 
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May 12, 2016, 09:37:19 AM
 #2584

So im guessing your steam items skins which you wanna bet gets converted into coins.

What are 'skins'? Can I buy them with the $5 in my account? Or do I have to buy and play a steam game first, and somehow find the skins in-game?

As what NLNico said, can be traded, bought or received via in game. Some skins cost extremely high. Have a look at https://opskins.com


Maybe I'm a too oldschool gamer and didn't get things right; but, in case I'm understanding it correctly, are there really people around willing ot spend $ 200 to buy an ingame item?

https://opskins.com/?loc=shop_view_item&item=19782566


sorry for offtopic but find it a bit shocking  Shocked

You'd be surprised mate. Seen people spending tens of thousands a month on Clash of Clans (mobile game) and also on DOTA2 items. Havent really played CSgo my self but yeah, there are a lot of people who spend a lot of  money on in game items or to speed up in game progression.
TwinWinNerD
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May 12, 2016, 09:49:27 AM
 #2585

So im guessing your steam items skins which you wanna bet gets converted into coins.

What are 'skins'? Can I buy them with the $5 in my account? Or do I have to buy and play a steam game first, and somehow find the skins in-game?

go to steammarket an buy any item, but you won't be able to use it for gambling. you will need to enable 2FA and then wait 7 days untilyou can send it away.


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May 12, 2016, 07:05:56 PM
 #2586

There are sources that claim it's bigger than "cryptocurrency gambling" (and by looking at "self-claimed $ stats" of some sites, they do look pretty big.)

Yeah, I suspect it is. I think csgocrash is only a ~month old and has already double the amount of users as bustabit (which is ~1.5 years old), they have *way* more users and players online at once. And that's with a much higher min bet, and running with a significantly increased house edge  (2-3%) from bustabit's (0-1%). Their stats also show they've made ~250k USD (?!) so there seem to be a lot of money in it.

That said, they seem quite competent at advertising; while I've done virtually zero.

On a side note, because of csgocrash I've got a lot of new csgo players on bustabit -- so it's worked out very well for me as well =)
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May 12, 2016, 09:52:05 PM
 #2587

There are sources that claim it's bigger than "cryptocurrency gambling"

Yeah, I suspect it is.

http://www.bloomberg.com/features/2016-virtual-guns-counterstrike-gambling/ says:

Quote
By one estimate, more than 3 million people wagered $2.3 billion worth of skins on the outcome of e-sports matches in 2015

but also:

Quote
The gambling sites run on software built by Valve, and whenever CS:GO skins are sold, the game maker collects 15 percent of the money

Is that saying that Valve takes a 15% cut of every deposit and withdrawal? If so, I don't see why it's so popular. Who would be willing to pay a 15% fee each way?

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RHavar
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May 12, 2016, 10:39:12 PM
 #2588

Is that saying that Valve takes a 15% cut of every deposit and withdrawal? If so, I don't see why it's so popular. Who would be willing to pay a 15% fee each way?

I've never played csgo or used steam, so I might be wrong; but I believe this refers only to the official steam market (which gives you money on your steam amount). As I understand it, you can trade and send items for free, which is why 3rd party sites are so popular. So if you avoid the official market, you don't need to pay a commission on transfers (and steam still makes their money by selling items in the first place).


(this is all second hand knowledge from bustabit's chat, so don't fault me if I'm totally wrong)
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May 13, 2016, 01:50:13 AM
 #2589

is bustabit in any kind of loss ?? all i can see is oly early bust for past 6-8 hours are u guys planning to recover ur losses like this

buying btc
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May 13, 2016, 01:55:13 AM
 #2590

Is that saying that Valve takes a 15% cut of every deposit and withdrawal? If so, I don't see why it's so popular. Who would be willing to pay a 15% fee each way?

I've never played csgo or used steam, so I might be wrong; but I believe this refers only to the official steam market (which gives you money on your steam amount). As I understand it, you can trade and send items for free, which is why 3rd party sites are so popular. So if you avoid the official market, you don't need to pay a commission on transfers (and steam still makes their money by selling items in the first place).


(this is all second hand knowledge from bustabit's chat, so don't fault me if I'm totally wrong)

You got it right. Item trades are free -- commission is only paid to Valve on items that are sold through the "Steam Marketplace" for "Steam Cash." It's also worth noting that you can trade items at any time, without restriction. You can only use "Steam Marketplace" when you have bought something from the shop (using cash/Steam Cash) within the last 12 months.
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May 13, 2016, 02:25:03 AM
 #2591

is bustabit in any kind of loss ?? all i can see is oly early bust for past 6-8 hours are u guys planning to recover ur losses like this
There is something called variance in gambling. Bustabit is provably fair, and you should read up on how it works. It would be extremely risky for bustabit to rig bets, since people are betting together, and chances are one person will check it and find something wrong and almost no one would play there. Also, check their stats - they are still in profit by 100+ Bitcoin.

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May 13, 2016, 03:36:47 AM
 #2592

I think http://rollincoin.com  with provably fair 100% better than it shit Wink
I won about 1btc yesterday!
I have proof!

Spamming threads of other gambling sites and calling them shit is definitely a good way to advertise. Everyone reading your post should now find that rollincoin site professional and trustworthy. /sarcasm

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May 14, 2016, 11:54:37 AM
 #2593

The in game csgo skins economy is hugh. Skins have real dollar value according to their artificial rarity in game.
There are thousands of sites to bet or gamble skins.
Also if you sell on the steam market it costs you 15%-12%. But to transfer p2p costs nothing.
A second thing to note is that the sites profit is in skins and in order to
Liquidate skins on 3rd party market you sell them around 75% give or take, so their reported profits is lower.
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May 15, 2016, 11:07:26 AM
 #2594

Have not check bustabit for months just visited today but offline,already died?
Chemistry1988
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May 15, 2016, 11:24:28 AM
 #2595

Have not check bustabit for months just visited today but offline,already died?

I have no issue loading bustabit and logging in my account, so the problem is definitely on your end only. Have you tried clearing your cache or doing a force refresh? Also, make sure you have not mistyped the URL.
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May 15, 2016, 01:10:59 PM
 #2596

Have not check bustabit for months just visited today but offline,already died?

I have no issue loading bustabit and logging in my account, so the problem is definitely on your end only. Have you tried clearing your cache or doing a force refresh? Also, make sure you have not mistyped the URL.
This time i typed URL directly into browser and site loaded without problem the error is only appear when visit the site from google search
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May 15, 2016, 01:24:08 PM
 #2597

Have not check bustabit for months just visited today but offline,already died?

I have no issue loading bustabit and logging in my account, so the problem is definitely on your end only. Have you tried clearing your cache or doing a force refresh? Also, make sure you have not mistyped the URL.
This time i typed URL directly into browser and site loaded without problem the error is only appear when visit the site from google search

It worked then too for me.
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May 15, 2016, 01:40:21 PM
 #2598

This time i typed URL directly into browser and site loaded without problem the error is only appear when visit the site from google search

o.0 weird, I can't reproduce this at all and don't know how it would happen. Looking at the logs doesn't seem like the site was down last night either
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May 15, 2016, 06:46:30 PM
 #2599

Site is working,anyone here ever won 1btc from this site?
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May 15, 2016, 08:19:24 PM
 #2600

Have not check bustabit for months just visited today but offline,already died?

I have no issue loading bustabit and logging in my account, so the problem is definitely on your end only. Have you tried clearing your cache or doing a force refresh? Also, make sure you have not mistyped the URL.
This time i typed URL directly into browser and site loaded without problem the error is only appear when visit the site from google search

No issues here either...the site loads nearly instantaneously for me when clicking on it in the Google search results. I even tried clearing my cache and loading it in incognito mode, still came up just fine.

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