bustabit.com -- The Social Gambling Game

[Lanzador]

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

It determines how much of a bonus you can get. The bonus % = (1% * total wagers)/(Highest Bet)
Your bonus will be bonus % * (Your Bet)

[DarkDays]

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

They give out a bonus 100/101 games which is 1% of the total amount wagered.  The most anyone can get is [bonus amount]/[highest individual wager].  The bonus is given out to the person/people who cashed out closest to the bust.  If there is still bonus to be given out after everyone who cashed out has been paid, it's divided evenly (by % not by net amount) among the people who didn't cash out.

So, if you bet one of the larger amounts and are the last one to cash out (or cash out and have most others bust), you'll earn a high bonus %.  Obviously if someone bets a very large amount (and nobody else does), it kind of screws it up because the bonus % is going to be very close to 1.

[Lanzador]

The pure amount you bet shouldn't matter, since it's a % that you get, not a hard number.

[Ghris]

The pure amount you bet shouldn't matter, since it's a % that you get, not a hard number.

Yea but your bet has more weight when betting higher than others. It likely will give you more or even all bonus if you have a higher bet amount.

For example, if you bet with 1 bit on high multiplier you might get 5% while some below you also get 5%. If you betted 500.000 bits you still might get 5%, but the ones below you won't have a bonus or maybe just a small one.

So while you won't per see get more % bonus, but if you aren't the last one to cash out you will get less on a low bet.

[Lanzador]

The pure amount you bet shouldn't matter, since it's a % that you get, not a hard number.

Yea but your bet has more weight when betting higher than others. It likely will give you more or even all bonus if you have a higher bet amount.

For example, if you bet with 1 bit on high multiplier you might get 5% while some below you also get 5%. If you betted 500.000 bits you still might get 5%, but the ones below you won't have a bonus or maybe just a small one.

So while you won't per see get more % bonus, but if you aren't the last one to cash out you will get less on a low bet.

Sure yeah of course that's true. But that just means a larger % of your bonus is literally your own money being returned to you.

[RHavar]

My ip got banned when it will be unbanned?

Probably some time after you follow the instructions on the ip banned page to get unbanned.


FWIW I didn't even realize it was you trolling on alt accounts, I had actually assumed it was someone impersonating you to make you look bad. I guess I should've known better

[dooglus]

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 ^^

Is it possible for players to have a positive expectation playing poker in a casino? Sure it is. So isn't the casino losing money? Because the players who have a positive expectation do so at the expense of the worse players who have a negative expectation.

It's the same at bustabit. The house is +EV, and so are the good players. Their positive expectation comes from getting more than their fair share of the 1% "bonus" that is taken from every bet.

[dooglus]

The pure amount you bet shouldn't matter, since it's a % that you get, not a hard number.

Well, the percentage that you get is influenced by the amount you bet. So in that way it does matter.

Suppose there's one guy betting 10k and a bunch of people betting dust amounts, and suppose you know everyone is cashing out at 2.00x so you set your cashout to 2.01x. How much should you bet to optimize your expected profit?

You could bet a small amount and end up winning a 1.000x% bonus when you successfully cash out.

Or you could bet 10k, matching the biggest player, and end up winning a 2.000x% bonus when you successfully cash out.

The 2nd is clearly better than the first, not just in absolute terms but also in percentage profit terms. In the 1st case the big player gets 1% of his bet back as bonus every game but in the 2nd you get that 1% of his bet for yourself.

[RHavar]

They ban you anyway if you win. Hope ryan cant ban my bitcointalk account.

I got to hand it to you, you're doing a reasonably effective job at trolling.   I'd normally like to ignore it, but I feel obliged to point out that no one has ever or will ever be banned for winning. That wouldn't make much sense.

[dooglus]

Is it possible for players to have a positive expectation playing poker in a casino? Sure it is. So isn't the casino losing money? Because the players who have a positive expectation do so at the expense of the worse players who have a negative expectation.

It's the same at bustabit. The house is +EV, and so are the good players. Their positive expectation comes from getting more than their fair share of the 1% "bonus" that is taken from every bet.

They ban you anyway if you win. Hope ryan cant ban my bitcointalk account. My vpn not work so i cant change my ip yet

I'm not sure what you're saying.

Are you saying casinos ban winning poker players? Because I never heard of it happening. They'll ban winning blackjack players, or at least ask them to play a different game, but poker players win from other players not the house.

Or are you saying that Ryan bans winning bustabit players? Because I never heard of that happening either. I would expect he would want them to keep playing so they have an opportunity to lose their winnings back to the house.

[RHavar]

I won and got banned.

rofl, nicely played. Yes you're up. But you weren't banned for winning, you were banned for trolling. And it's extremely rare I even need to do that, it's only when people abuse the system by creating multiple accounts to circumvent their chat mutes. Unfortunately having a >0 net profit isn't a free pass

And you are no way restricted from having access to any of your money  

[RHavar]

But if deposit 0.001 then i iam banned from my money? So just have 0.001 in account and never get banned?

No, I don't lock people out of their money ever.

 When people are being overly abusive (ips associated with dos' on the server, or using multiple accounts to spam/troll/circumvent chat mutes) they get added to a ban list (which you can get off). Accounts themselves are never banned, but they do get muted.

[RHavar]

I didnt ddos, i didnt spam, i didnt troll and didnt circumenvent chat mutes.

This isn't true. You were warned several times, given several short warning-mutes (of a minute or two), then when finally when given a longer mute immediately a new troll account "gamblingbad2" (?) which, suprise, suprise uses the same same ip address as you. And then when that was muted, more appeared. After which finally the whole ip address was just blocked.

Looking back, perhaps that was a mistake. As at least when you troll on bustabit directly, instead of here -- you're not getting paid by a sign campaign to do so ;d

But still get banned for winning. Guess bustabit want only players that lose.

You won a small amount of money almost two weeks ago. You had no difficulty withdrawing it. I didn't even bother looking at your game history, as it's it's completely irrelevant. But if anything, I prefer people who are up -- as I know they have money that they might be tempted to return to the site.



For anyone reading, I'm going to try my best to avoid replying to gamblingbad's future post, even if it requires I leave some unfounded accusations unchallenged. He hasn't even requested his ip to be unbanned and is just doing a pretty good job of trolling me, and I'd like to do better things than wasting more time with him  

[adi33]

My account have 0.12226449 BTC and i cant access it. Bustabit deny me to login to my account and to get access to my money. Guess RHavar will deny that to. Bustabit steal customers money.

if you have contact admin?. we open it every login should forget the password to access the account can we go back?. Where possible sites bustabit stole our money

[DarkDays]

The pure amount you bet shouldn't matter, since it's a % that you get, not a hard number.

Well, the percentage that you get is influenced by the amount you bet. So in that way it does matter.

Suppose there's one guy betting 10k and a bunch of people betting dust amounts, and suppose you know everyone is cashing out at 2.00x so you set your cashout to 2.01x. How much should you bet to optimize your expected profit?

You could bet a small amount and end up winning a 1.000x% bonus when you successfully cash out.

Or you could bet 10k, matching the biggest player, and end up winning a 2.000x% bonus when you successfully cash out.

The 2nd is clearly better than the first, not just in absolute terms but also in percentage profit terms. In the 1st case the big player gets 1% of his bet back as bonus every game but in the 2nd you get that 1% of his bet for yourself.

Your theory is correct, but I'd like to point out that the GTO play in your scenario is to bet 10k and cash out at 1x.

[dooglus]

Your theory is correct, but I'd like to point out that the GTO play in your scenario is to bet 10k and cash out at 1x.

Interesting. Can you explain why?

ie. "show your working"

[numanoid]

~snip~
if you have contact admin?. we open it every login should forget the password to access the account can we go back?. Where possible sites bustabit stole our money

actually what the f*ck you mean? i'm really can't understand what do you want to explain here. Read the post on previous page from RHavar and you'll know what was actually happened. it's not about stolen nor forgotten password.

[Ryan Dugan]

Wow what is with all the problems getting access to peoples accounts and their btc ? Hope it is fixed soon it sounds bad. I dont play there anymore since its too dangerous for me. I will lose everything there. ^^ best to rather stop.

[RHavar]

Wow what is with all the problems getting access to peoples accounts and their btc ? Hope it is fixed soon it sounds bad. I dont play there anymore since its too dangerous for me. I will lose everything there. ^^ best to rather stop.

There is none, gamblingbad is just trolling. He has full access to his funds. His ip address was banned for being obnoxious (see: my previous posts), so then he thought it would be funny to login with a VPN (which is fine) and deposit ~0.1 bitcoin (*after* he was banned). And is now complaining he can't access his funds. But the truth is he has been on his account, his account is not locked, and he's free to withdraw when ever he wants. He hasn't even followed the procedure to get his primary ip unbanned.

Since I have better things to do with my time than deal with him, if he continues to spread lies I will leave his bitcointalk account negative trust 

[DarkDays]

Your theory is correct, but I'd like to point out that the GTO play in your scenario is to bet 10k and cash out at 1x.

Interesting. Can you explain why?

ie. "show your working"

We'll assume the game is being played heads up @ 10k bets for ease of calculation/showing work.  It works out almost exactly the same as your scenario where two players are betting 10k and a handful of others are betting dust.

@ 1x you successfully "cash out" 99.00990099009901% of the time. 

@ 2x you successfully "cash out" 49.256181899596996% of the time.

@ 2.01x you successfully "cash out" 49.00990099009901% of the time.

(those figures can be found here: https://www.bustabit.com/calculator)

If you cash out @ 1x:

49.7537 % of the time the game busts before 2x.  You win 0 from the game + 200 from the bonus.
49.2562% of the time the game busts after 2x.  You win 0 from the game + 0 from the bonus.
.9901% of the time the game busts at 0.  You lose 10,000 from the game.

So your EV from this bet is .4974 bits.

If you cash out @ 2.01x:

49.0099% of the time the game busts after 2.01x.  You win 10100 from the game + 200 from the bonus.
50% of the time the game busts before 2x.  You lose 10,000 from the game but win 100 from splitting the bonus.
.9901% of the time the game busts at 0.  You lose 10,000 from the game.

So your EV from this bet is -.9903 bits.

Keep in mind this doesn't take into account the times that the game busts at 2x exactly, so you lose the game AND lose the bonus.  But, of course, that will drag the average down since the % of times that you are -9900 from the game will decrease and the number of times you are -10000 from the game will increase.  It's a very small amount though.