bustabit.com -- The Social Gambling Game

[jaysabi]

I do love me a good chart. Couple questions though: Why does the profit start at a number above zero, but the amount wagered starts at zero? Does this chart reflect the beginning of bustabit operations, or just since you took over from the previous owner?

The chart is a bit confusing, but the red line is profit and it's axis is on the right hand side. So it actually is starting at zero, it's just not at the bottom because for a brief time the site profit was negative.  And the blue line is the wagered, and its axis is on the left (so it also starts at zero.

Ha. For someone who likes charts so much, I sure didn't spend enough time looking at the axes. I lazily only looked at the left axis and assumed both lines were on the same scale, which of course, doesn't make much sense for the amount of difference between the values.

[jaysabi]

Congratulations to LosDeXibalbaMC for joining the exclusive club of getting 200+ BTC in profit!

Is it accurate that this graph is showing a 7ish btc gain on a single game? If so, what was the stake that game, and what multiplier did he cash out at? No way I have the nerves to ride the timer for however long that took to earn, whether it was a long timer or a huge bet. I felt like a wild man the few times I let the timer get past 2.5x (but I'm also really risk averse). Bets like this intrigue me.

[DarkDays]

Congratulations to LosDeXibalbaMC for joining the exclusive club of getting 200+ BTC in profit!

Is it accurate that this graph is showing a 7ish btc gain on a single game? If so, what was the stake that game, and what multiplier did he cash out at? No way I have the nerves to ride the timer for however long that took to earn, whether it was a long timer or a huge bet. I felt like a wild man the few times I let the timer get past 2.5x (but I'm also really risk averse). Bets like this intrigue me.

https://www.bustabit.com/game/3680216

[J Gambler]

Congratulations to LosDeXibalbaMC for joining the exclusive club of getting 200+ BTC in profit!

This is big winnings :O i remembred one player who already did this kind of profit i wish i could bet 1 bitcoin per round there but im always afraid lmao congratulation to him best of luck , will try to follow his step.

[kolloh]

Quite an impressive profit he has there and that 8 btc win in a single game was quite the hit as well.

[kryptqnick]

Did I get it right that the game is sort of imitating what happens on the bourse with different papers growing in price and than costing nothing? Then I think this game is significantly useful. It's not just gambling, it's also some practice for people who do such work every day like in the film " A Good Year". I wanted to try playing but found out there is no faucet here. When I first entered the site I think I saw the 'play for fun' mode but I didn't find it after registration...

[jaysabi]

Congratulations to LosDeXibalbaMC for joining the exclusive club of getting 200+ BTC in profit!

Is it accurate that this graph is showing a 7ish btc gain on a single game? If so, what was the stake that game, and what multiplier did he cash out at? No way I have the nerves to ride the timer for however long that took to earn, whether it was a long timer or a huge bet. I felt like a wild man the few times I let the timer get past 2.5x (but I'm also really risk averse). Bets like this intrigue me.

https://www.bustabit.com/game/3680216

Damn man. Basically a $1000 bet and letting it ride that long. Can't really imagine the nerves that would have taken. Told perhaps if he's used to betting that much at a time, you get desensitized to it after awhile, so maybe it's not quite what I imagine it to be. But when you're up that high on the multiplayer, you're basically sitting with a $1000 bet and looking at odds of about, what, 12ish percent success? The thing that always gets me is the opportunity cost of not cashing out. It's one thing to roll dice and say "I know going into this bet that I have a 10% chance of winning but the payout will be 10x if I hit. It's an immediate calculation. With this, you can have he same mindset going in, but then you watch the multiplayer pass 6x, 7x, 8x... and you're already in rare territory, and every second you choose not to cash out, you're re-risking what you could have already locked in as a gain. It's why I rarely make it past 2.5x. I just over think it.

[JasonXG]

Congratulations to LosDeXibalbaMC for joining the exclusive club of getting 200+ BTC in profit!

Is it accurate that this graph is showing a 7ish btc gain on a single game? If so, what was the stake that game, and what multiplier did he cash out at? No way I have the nerves to ride the timer for however long that took to earn, whether it was a long timer or a huge bet. I felt like a wild man the few times I let the timer get past 2.5x (but I'm also really risk averse). Bets like this intrigue me.

https://www.bustabit.com/game/3680216

Damn man. Basically a $1000 bet and letting it ride that long. Can't really imagine the nerves that would have taken. Told perhaps if he's used to betting that much at a time, you get desensitized to it after awhile, so maybe it's not quite what I imagine it to be. But when you're up that high on the multiplayer, you're basically sitting with a $1000 bet and looking at odds of about, what, 12ish percent success? The thing that always gets me is the opportunity cost of not cashing out. It's one thing to roll dice and say "I know going into this bet that I have a 10% chance of winning but the payout will be 10x if I hit. It's an immediate calculation. With this, you can have he same mindset going in, but then you watch the multiplayer pass 6x, 7x, 8x... and you're already in rare territory, and every second you choose not to cash out, you're re-risking what you could have already locked in as a gain. It's why I rarely make it past 2.5x. I just over think it.

I agree with you. You need balls of steel to hold on for that long. I just can't do that I rarely ever go over 2x I pull out earlier. Even going past 25% tests my nerves. This guys just lays down $1000 like it was nothing. It also amaes me how some people ride for so long and dont cash out lots just silly and greedy. Like at 25x you would think the guy was happy but nope. Imagine riding with $1000 up into the 100s. Damn !

[Zenzolina]

Dont be naive. Site is full of bots controlled by owner pretending to win...when actuall player place a bet he is guaranteed to lose.

[B_UN1T]

Dont be naive. Site is full of bots controlled by owner pretending to win...when actuall player place a bet he is guaranteed to lose.

Your red trust say all i think

[Zenzolina]

Your donk face says all i think

[devans]

Dont be naive. Site is full of bots controlled by owner pretending to win...when actuall player place a bet he is guaranteed to lose.

Even if you assume that every single player but yourself is a bot, the game is still provably fair. It is not possible for bustabit to manipulate the outcome of any game without players noticing.

Why would you believe that, though? bustabit has been operating in good faith for years.

[stomachgrowls]

Congratulations to LosDeXibalbaMC for joining the exclusive club of getting 200+ BTC in profit!

Is it accurate that this graph is showing a 7ish btc gain on a single game? If so, what was the stake that game, and what multiplier did he cash out at? No way I have the nerves to ride the timer for however long that took to earn, whether it was a long timer or a huge bet. I felt like a wild man the few times I let the timer get past 2.5x (but I'm also really risk averse). Bets like this intrigue me.

https://www.bustabit.com/game/3680216

Damn man. Basically a $1000 bet and letting it ride that long. Can't really imagine the nerves that would have taken. Told perhaps if he's used to betting that much at a time, you get desensitized to it after awhile, so maybe it's not quite what I imagine it to be. But when you're up that high on the multiplayer, you're basically sitting with a $1000 bet and looking at odds of about, what, 12ish percent success? The thing that always gets me is the opportunity cost of not cashing out. It's one thing to roll dice and say "I know going into this bet that I have a 10% chance of winning but the payout will be 10x if I hit. It's an immediate calculation. With this, you can have he same mindset going in, but then you watch the multiplayer pass 6x, 7x, 8x... and you're already in rare territory, and every second you choose not to cash out, you're re-risking what you could have already locked in as a gain. It's why I rarely make it past 2.5x. I just over think it.

I agree with you. You need balls of steel to hold on for that long. I just can't do that I rarely ever go over 2x I pull out earlier. Even going past 25% tests my nerves. This guys just lays down $1000 like it was nothing. It also amaes me how some people ride for so long and dont cash out lots just silly and greedy. Like at 25x you would think the guy was happy but nope. Imagine riding with $1000 up into the 100s. Damn !

25x thats insane and you would really need titanium balls in order to hold that for that long and same as yours even on 25% gain per run is already enough for me and the max payout or multiplier would be only 2x or 2.5 but for 25x then its impossible and i cant afford to put that amounts on a single run.

[Zenzolina]

Dont be naive. Site is full of bots controlled by owner pretending to win...when actuall player place a bet he is guaranteed to lose.

Even if you assume that every single player but yourself is a bot, the game is still provably fair. It is not possible for bustabit to manipulate the outcome of any game without players noticing.

Why would you believe that, though? bustabit has been operating in good faith for years.

Look. Every single slot game use rng to determine "random" outcome of current spin, yet you can fix it to give, 80 - 70 - 60 or even less % of total pay ins....it will never give more than it is deposited.....same here...why do you think he cannot fix % of payouts on the game he coded by himself

[devans]

Look. Every single slot game use rng to determine "random" outcome of current spin, yet you can fix it to give, 80 - 70 - 60 or even less % of total pay ins....it will never give more than it is deposited.....same here...why do you think he cannot fix % of payouts on the game he coded by himself

If you meant that bustabit pays out slightly less to its players than it takes in (99.9987 %, historically) you are of course correct. This is true for virtually all casinos since their goal is to make a profit after all. However, your phrasing seemed to imply that bad outcomes are deliberately chosen when specific players are active, which is demonstrably false. Perhaps that just a misunderstanding on my end, in which case I apologize.

In any case, the outcomes of all bustabit games from #1,000,000 through #10,000,000 were determined more than two years ago. They cannot be altered without players noticing. See its provably fair seeding events for technical details.

[fiscorcle]

If anybody is looking to gamble vicariously through my bonus bot, check this out:
https://nxtforum.org/index.php?topic=13275.msg229488#msg229488

Bot is EDGE_NXTAE.  https://www.bustabit.com/user/EDGE_NXTAE

All questions welcome.

Thanks for your interest,
LibertyNow

https://www.bustabit.com/user/EDGE_NXTAE

Not looking too good right now, is it?

Actually, I'm very pleased.  You can see the bet amount right now is 6,132.  That means EV is positive and a whopping .32%/bet.  The variance swings wildly, but if EV is positive the peaks and troughs will move up. Yesterday, it was over 300k.  Just watch and you'll see. 

I also take BTC investments directly.  Just msg me with your NXT account and how much your sending. I'll reply with the BTC address to send to and what your NXT/BTC price lock is.

Thanks,
LibertyNow

Still trusting in the EV?

[fiscorcle]

Still trusting in the EV?

His bot seems to be doing reasonably well. It's wagered wagered 501.34 BTC, but got 8.1453 BTC in bonuses. His average cash out is around 1.28x, so that puts him pretty firmly in +EV territory.

Very nice! Surprising, but definitely like to hear it

[libertynow]

Still trusting in the EV?

His bot seems to be doing reasonably well. It's wagered wagered 501.34 BTC, but got 8.1453 BTC in bonuses. His average cash out is around 1.28x, so that puts him pretty firmly in +EV territory.

Thanks for that confirmation, Ryan.  I was starting to wonder if my EV calculation was wrong.

[Luxo42]

libertynow, is RoberBaron your account? same bets and cashouts.

[fiscorcle]

Still trusting in the EV?

His bot seems to be doing reasonably well. It's wagered wagered 501.34 BTC, but got 8.1453 BTC in bonuses. His average cash out is around 1.28x, so that puts him pretty firmly in +EV territory.

Thanks for that confirmation, Ryan.  I was starting to wonder if my EV calculation was wrong.

You calculate it in real-time?