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Author Topic: bustabit.com -- The Social Gambling Game  (Read 293834 times)
shulio
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March 23, 2015, 05:09:02 AM
 #1481

does anyone have a strategy to win playing in moneypot

As long as the game has house edge, there's impossible to win every time.

You need a pure luck to play it and win big.
Here's my experience playing here : I try to cash out on 1.1x with 0.01 and I loss  Sad
1.1x still so risky , I tried with 1.01x and I lost all  Embarrassed
I also lost 0.3 play with X1.1  Undecided

There will be no safe strategy, people might thought that if he played at safe cashout like 1.01x then he will indeed be safe from the crash points, but the fact is that there is none safe points as the crash points is random and there is actually chance to crash below 1.01, which is 1x and 0x
MadeinCoin
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March 23, 2015, 05:13:18 AM
 #1482

does anyone have a strategy to win playing in moneypot

As long as the game has house edge, there's impossible to win every time.

You need a pure luck to play it and win big.
Here's my experience playing here : I try to cash out on 1.1x with 0.01 and I loss  Sad
1.1x still so risky , I tried with 1.01x and I lost all  Embarrassed
I also lost 0.3 play with X1.1  Undecided

There will be no safe strategy, people might thought that if he played at safe cashout like 1.01x then he will indeed be safe from the crash points, but the fact is that there is none safe points as the crash points is random and there is actually chance to crash below 1.01, which is 1x and 0x

are you kidding Grin, with 1:00 to play will not earn bitcoin  Cheesy
Mediator
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March 23, 2015, 05:56:21 AM
 #1483

does anyone have a strategy to win playing in moneypot

As long as the game has house edge, there's impossible to win every time.

You need a pure luck to play it and win big.
Here's my experience playing here : I try to cash out on 1.1x with 0.01 and I loss  Sad
1.1x still so risky , I tried with 1.01x and I lost all  Embarrassed
I also lost 0.3 play with X1.1  Undecided

There will be no safe strategy, people might thought that if he played at safe cashout like 1.01x then he will indeed be safe from the crash points, but the fact is that there is none safe points as the crash points is random and there is actually chance to crash below 1.01, which is 1x and 0x

are you kidding Grin, with 1:00 to play will not earn bitcoin  Cheesy

if you are in doubt and fear should leave it
#AND
shulio
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March 23, 2015, 05:58:47 AM
 #1484

does anyone have a strategy to win playing in moneypot

As long as the game has house edge, there's impossible to win every time.

You need a pure luck to play it and win big.
Here's my experience playing here : I try to cash out on 1.1x with 0.01 and I loss  Sad
1.1x still so risky , I tried with 1.01x and I lost all  Embarrassed
I also lost 0.3 play with X1.1  Undecided

There will be no safe strategy, people might thought that if he played at safe cashout like 1.01x then he will indeed be safe from the crash points, but the fact is that there is none safe points as the crash points is random and there is actually chance to crash below 1.01, which is 1x and 0x

are you kidding Grin, with 1:00 to play will not earn bitcoin  Cheesy

Not really , playing with 1x still got a chance to get few bitcoins, as there are bonus for your bet, the nearer the crash points to the 1x, the bonus will be bigger, but in the end it is still not really safe as there are chance to crash at 0x
Tlee88
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March 23, 2015, 08:30:18 AM
 #1485

does anyone have a strategy to win playing in moneypot

As long as the game has house edge, there's impossible to win every time.

You need a pure luck to play it and win big.
Here's my experience playing here : I try to cash out on 1.1x with 0.01 and I loss  Sad
1.1x still so risky , I tried with 1.01x and I lost all  Embarrassed
I also lost 0.3 play with X1.1  Undecided

There will be no safe strategy, people might thought that if he played at safe cashout like 1.01x then he will indeed be safe from the crash points, but the fact is that there is none safe points as the crash points is random and there is actually chance to crash below 1.01, which is 1x and 0x

are you kidding Grin, with 1:00 to play will not earn bitcoin  Cheesy

Not really , playing with 1x still got a chance to get few bitcoins, as there are bonus for your bet, the nearer the crash points to the 1x, the bonus will be bigger, but in the end it is still not really safe as there are chance to crash at 0x
sometimes  I saw few members play with 1x , but when I looked at their graph , always is "Profit : -x.xxx BTC" .

MKMarvel
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March 23, 2015, 09:47:10 AM
 #1486

Got greedy. Damn.
waterpile
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March 23, 2015, 10:00:18 AM
 #1487

Got greedy. Damn.

I know what that feels like Undecided
Well take it as a lesson to avoid it next time
fortuity
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March 23, 2015, 10:47:40 AM
 #1488

Nice domain name! The honey pot of money, or people's bitcoin Smiley
funtotry
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March 23, 2015, 01:48:36 PM
 #1489

Got greedy. Damn.
How much do you lose? I got greedy once and decided to try go for 3x, but crashed at 2.5x and lost, decided that I need to set a goal to take out.

shanem
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March 23, 2015, 01:54:49 PM
 #1490

Got greedy. Damn.
How much do you lose? I got greedy once and decided to try go for 3x, but crashed at 2.5x and lost, decided that I need to set a goal to take out.

It is good to set a goal when to cashout but sometimes after I cashout, the chart goes to the moon and I regret my decision.

     

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funtotry
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March 23, 2015, 01:58:37 PM
 #1491

Got greedy. Damn.
How much do you lose? I got greedy once and decided to try go for 3x, but crashed at 2.5x and lost, decided that I need to set a goal to take out.

It is good to set a goal when to cashout but sometimes after I cashout, the chart goes to the moon and I regret my decision.
Yep but try to look on the bright side when you safely withdraw a good payout, I often just close the tab or look away so that I don't get sad about how much I lost

shulio
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March 23, 2015, 02:11:25 PM
 #1492

It is good to set a goal when to cashout but sometimes after I cashout, the chart goes to the moon and I regret my decision.

To cashout early and get some profit is always a better option , no one really knows if the chart actually gonna blow above 1000x or crash before 2x, so to cashout safely and control your greedness is always the best thing to do in gambling
funtotry
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March 23, 2015, 02:15:21 PM
 #1493

It is good to set a goal when to cashout but sometimes after I cashout, the chart goes to the moon and I regret my decision.

To cashout early and get some profit is always a better option , no one really knows if the chart actually gonna blow above 1000x or crash before 2x, so to cashout safely and control your greedness is always the best thing to do in gambling
Yea I don't rely on my gut because its usually wrong. I always cash out at 2 or 3 depending on the situation and how I am feeling. I don't really get greedy and hope for 10x because its very unlikely because I'd rather have 2x then 0x

Minnlo
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March 23, 2015, 02:43:06 PM
 #1494

It is good to set a goal when to cashout but sometimes after I cashout, the chart goes to the moon and I regret my decision.

To cashout early and get some profit is always a better option , no one really knows if the chart actually gonna blow above 1000x or crash before 2x, so to cashout safely and control your greedness is always the best thing to do in gambling

Ironically the only way to beat the house edge is to play strategically to maximize your bonus, in which you need to bet high and cashout late. So in order to have +EV (safe in some sense), you need to play unsafe bets . Tongue

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March 24, 2015, 02:21:18 AM
 #1495



Ironically the only way to beat the house edge is to play strategically to maximize your bonus, in which you need to bet high and cashout late. So in order to have +EV (safe in some sense), you need to play unsafe bets . Tongue

Not true (or ironic).  The median crash point is 1.97x.  So you just need to observe the other large bettors to figure out the optimal way to play each round.  If they cash out over 2x, insta cash out and you'll hit the bonus more often than not.  If they cash out under 2x (most do), you just need to cash out immed after they do.  Since the house edge under 2x is <.5%, and the bonus 'house edge' is .99% (it crashes at 0x 1/101 times), as long as you are averaging a bonus >1.5%, you are playing profitably.  It's very possible to get bonus' 2% and over on the regular cashing out around 1.2-1.5x, depending on how the other players are playing, assuming you bet around the same amount as the largest bettor.
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March 24, 2015, 02:23:35 AM
 #1496



Ironically the only way to beat the house edge is to play strategically to maximize your bonus, in which you need to bet high and cashout late. So in order to have +EV (safe in some sense), you need to play unsafe bets . Tongue

Not true (or ironic).  The median crash point is 1.97x.  So you just need to observe the other large bettors to figure out the optimal way to play each round.  If they cash out over 2x, insta cash out and you'll hit the bonus more often than not.  If they cash out under 2x (most do), you just need to cash out immed after they do.  Since the house edge under 2x is <.5%, and the bonus 'house edge' is .99% (it crashes at 0x 1/101 times), as long as you are averaging a bonus >1.5%, you are playing profitably.  It's very possible to get bonus' 2% and over on the regular cashing out around 1.2-1.5x, depending on how the other players are playing, assuming you bet around the same amount as the largest bettor.
How is this possible? If the median (close to average) crash point is almost doubling your bet, how would they be in profit. The average payout should be 0.98x to have a 2% house edge. Am I missing something?

CryForMeSky
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March 24, 2015, 02:57:12 AM
 #1497

How is this possible? If the median (close to average) crash point is almost doubling your bet, how would they be in profit. The average payout should be 0.98x to have a 2% house edge. Am I missing something?

I'm not sure what you are missing.  House edge means you get back a little less than what you wagered (over time).  You could set the house edge to anything for any payout, you just adjust the frequency.  According to MP, the house edge (bonus notwithstanding) @ 2x is .5%.  That means that (0x notwithstanding) if you spin 2000 times and set your cashout to 2x every time, you'll expect to successfully cash out 995 times and you'll expect it to crash before you can cashout 1005 times.
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March 24, 2015, 02:59:49 AM
 #1498

How is this possible? If the median (close to average) crash point is almost doubling your bet, how would they be in profit. The average payout should be 0.98x to have a 2% house edge. Am I missing something?

I'm not sure what you are missing.  House edge means you get back a little less than what you wagered (over time).  You could set the house edge to anything for any payout, you just adjust the frequency.  According to MP, the house edge (bonus notwithstanding) @ 2x is .5%.  That means that (0x notwithstanding) if you spin 2000 times and set your cashout to 2x every time, you'll expect to successfully cash out 995 times and you'll expect it to crash before you can cashout 1005 times.
Ok but they said the median was 2x right, meaning you will on average get a payout of 2x. On dice sites, this average is about 0.98 because less than half the time you hit double (2) and more than half the time you hit 0, averaging out about 0.98 with the house edge. So how is the average payout 2x on moneypot?

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March 24, 2015, 03:02:55 AM
 #1499

How is this possible? If the median (close to average) crash point is almost doubling your bet, how would they be in profit. The average payout should be 0.98x to have a 2% house edge. Am I missing something?

I'm not sure what you are missing.  House edge means you get back a little less than what you wagered (over time).  You could set the house edge to anything for any payout, you just adjust the frequency.  According to MP, the house edge (bonus notwithstanding) @ 2x is .5%.  That means that (0x notwithstanding) if you spin 2000 times and set your cashout to 2x every time, you'll expect to successfully cash out 995 times and you'll expect it to crash before you can cashout 1005 times.
Ok but they said the median was 2x right, meaning you will on average get a payout of 2x. On dice sites, this average is about 0.98 because less than half the time you hit double (2) and more than half the time you hit 0, averaging out about 0.98 with the house edge. So how is the average payout 2x on moneypot?

I said "The median crash point is 1.97x." because that was what was told to me when I asked.  Median is similar to average, but not the exact same thing in all situations.

Maybe the way they denote payouts is confusing you?  If you instantly cash out and make a 1% profit, they list that as a '1.01x' multiplier, not a .01x multiplier.
funtotry
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March 24, 2015, 03:04:51 AM
 #1500

How is this possible? If the median (close to average) crash point is almost doubling your bet, how would they be in profit. The average payout should be 0.98x to have a 2% house edge. Am I missing something?

I'm not sure what you are missing.  House edge means you get back a little less than what you wagered (over time).  You could set the house edge to anything for any payout, you just adjust the frequency.  According to MP, the house edge (bonus notwithstanding) @ 2x is .5%.  That means that (0x notwithstanding) if you spin 2000 times and set your cashout to 2x every time, you'll expect to successfully cash out 995 times and you'll expect it to crash before you can cashout 1005 times.
Ok but they said the median was 2x right, meaning you will on average get a payout of 2x. On dice sites, this average is about 0.98 because less than half the time you hit double (2) and more than half the time you hit 0, averaging out about 0.98 with the house edge. So how is the average payout 2x on moneypot?

I said "The median crash point is 1.97x." because that was what was told to me when I asked.  Median is similar to average, but not the exact same thing in all situations.

Maybe the way they denote payouts is confusing you?  If you instantly cash out and make a 1% profit, they list that as a '1.01x' multiplier, not a .01x multiplier.
Yes I think it is that that is confusing me. I know the difference between media an average but they are very similar and usually not far apart from eachother. I think I understand now. Thank you for clearing this up for me!

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