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Author Topic: bustabit.com -- The Social Gambling Game  (Read 292450 times)
Lanzador
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October 27, 2016, 08:12:58 PM
 #2761

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.
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October 27, 2016, 08:36:00 PM
 #2762

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



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DarkDays
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October 27, 2016, 09:23:58 PM
 #2763

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.

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Lanzador
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October 27, 2016, 09:28:24 PM
 #2764

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)
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October 27, 2016, 09:33:29 PM
 #2765

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.

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Lanzador
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October 27, 2016, 10:00:05 PM
 #2766

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...
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October 27, 2016, 10:05:35 PM
 #2767

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

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October 27, 2016, 10:14:42 PM
 #2768

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)
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October 28, 2016, 03:10:43 AM
 #2769

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.

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October 28, 2016, 04:20:34 AM
 #2770

The pure amount you bet shouldn't matter, since it's a % that you get, not a hard number.
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October 28, 2016, 08:28:35 PM
 #2771

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.
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October 28, 2016, 08:58:44 PM
 #2772

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.
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November 04, 2016, 09:41:52 PM
 #2773

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 Tongue
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November 04, 2016, 09:45:20 PM
 #2774

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.

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dooglus
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November 04, 2016, 09:56:28 PM
 #2775

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.

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RHavar
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November 04, 2016, 09:56:53 PM
 #2776

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.  Tongue 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.
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November 04, 2016, 09:59:10 PM
 #2777

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.

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RHavar
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November 04, 2016, 10:00:49 PM
 #2778

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  Wink
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November 04, 2016, 10:08:47 PM
 #2779

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.

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November 04, 2016, 10:34:06 PM
 #2780

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


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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  Grin
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