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 Author Topic: bustabit.com -- The Social Gambling Game  (Read 292450 times)
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 October 22, 2016, 02:02:46 AM

.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)

Quote
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.
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CrazyCraig
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Bye Felisha!

 October 22, 2016, 04:21:24 AM

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
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 October 22, 2016, 10:01:04 AM

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

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RealistaToken.com

 October 22, 2016, 10:32:53 AM

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

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Legendary

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 October 22, 2016, 10:35:14 AM

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.

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IOTUSA
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 October 22, 2016, 04:44:41 PM

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

IOTUSA
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 October 22, 2016, 04:45:10 PM

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.

jaysabi
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 October 22, 2016, 06:48:36 PM

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
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Crypto-Games.net: Multiple coins, multiple games

 October 22, 2016, 06:59:23 PM

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.

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Hakari
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 October 23, 2016, 12:48:06 AM

Long term, house always wins.
Superhitech
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 October 23, 2016, 01:05:33 AM

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
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 October 23, 2016, 01:24:34 AM

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

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 October 23, 2016, 03:46:56 PM

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
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 October 27, 2016, 03:30:08 PM

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
Full Member

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 October 27, 2016, 03:35:01 PM

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
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 October 27, 2016, 03:43:13 PM

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.

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dooglus
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 October 27, 2016, 06:11:04 PM

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.

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Full Member

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 October 27, 2016, 06:33:19 PM

And it's much more challenging & rewarding than just gambling regularly...
JasonXG
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 October 27, 2016, 06:45:04 PM

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
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 October 27, 2016, 06:48:49 PM

dooglus = inside

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