bustabit.com -- The Social Gambling Game

[s1ng]

I've been seeing some pretty crazy multipliers on here, crazy how high it can go.

i like the game because of those crazy multi's never seen higher then 20k multi yet tho.

  type bust 500k into the chat box you will see the multiplier has gone past 1 million X before,
 im to lazy to log on and check what the max ever hit before was but im pretty sure it was over 10 million, but i might be completely wrong though....

1 million... ? 
That's the highest multiplier I've ever see if that's ever happen. I'm bet everyone will be regret forever if they just miss a million multiplier

[chris56a]

any success with the strategy??

I'm using it now and only using 100bit bets

[chris56a]

thx again for your help

You're welcome.

I made some changes to my strategy code:

Code:

var baseBet = 10; // in Bits

var cashout;
var mult;

// set one of mult or cashout, and the other will be calculated for you:

// mult = 1.12;
cashout = 1.5;

// what percentage to increase the net profit by each time we lose a bet; 0 for pure martingale
greed_percent = 5;

if (!mult)
    mult = cashout / (cashout - 1) * (1 + greed_percent/100);
else if (!cashout)
    cashout = mult / (mult - 1) * (1 + greed_percent/100);

var satoshis = baseBet * 100;
var crash = Math.floor(cashout*100 + 1e-6);

var currentBet = false;

engine.onGameStarting = function () {
    if (currentBet && engine.lastGameWasLost())
        currentBet *= mult;
    else
        currentBet = satoshis;

    if (currentBet < engine.getBalance()) {
        console.log('place bet of', Math.round(currentBet/100), 'at', crash/100);
        engine.placeBet(Math.round(currentBet/100)*100, crash, false);
    }
    else {
        engine.stop();
        console.log('You ran out of bits :(');
    }
};

Now you can tell it what multiplier to cashout at, or how much to multiply the stake by each time, and it will calculate the other accordingly. There's also a greed percentage, which you can set to make it increase your net winnings by a percentage each time you lose.

None of this is very well tested; use at your own risk; etc.

Here (on the left) is a 5x martingale sequence:



and here are a couple of 20x martingale sequences:

i know this is your own "strategy" but is this "strategy" or "gambling"

[RHavar]

Isn't offline investment technically the same as offering kelly risk level investment?

Like say I invest 1 CLAM at JD with 100x offsite which is the same is investing 1 CLAM at 50x kelly risk?

Nah, it's very different.

Let's imagine you have 10 BTC that you want to invest, and want to do so at a full kelly (the ideal). But you also want to minimize your counterparty risk, so you'll want to deposit as little as possible on the site.

With offsite, what you'd do is deposit 1 BTC and specify 9 BTC offsite. With leveraged investments, you'd deposit 1 BTC at a 10x kelly. Assuming a 1% house edge, in both cases you'd be risking 0.1 BTC a bet ... which is exactly what you want (a full kelly). So perfect.

Now, lets say your investment does well and you make 2 BTC profit.

With offsite investment you'd have 3 BTC + your 9 BTC offsite, and would be risking 0.12 BTC ... which is exactly what you want (A full kelly). With leveraged investments you'd have 3 BTC + your 9 BTC offsite, but would risking 0.33 BTC ... which way too much (to the point of landing you in negative expected growth territory).

And the exact opposite happens when your investment loses money, the leveraged investment you'd start to risk too little and would be under-utilizing your money.

[Venusianism]

OMG  Just play 532 bet , Get profit 100BTC ++  awesome
How Much BTC  need to play like that ?

 

That is one lucky guy, hoarding 100 btc in that game site. Huga bankroll and balls made of steel for sure  

oh wow i was away from bustabit the last few days i completely missed this, must of been fun to watch haha, it's cool to see wins like this im sure he is one happy fella!!
And the fact he only bet 532 times and won +100btc  is truly mind boggling  

He hit TTM for almost 50 BTC right after this as well, so he's probably up at least 150 BTC. Not sure if he hit any other sites.

Sorry noob question here but what do you mean by TTM? when you look at his user history https://www.bustabit.com/user/Phoking the highest he went upto was 104+btc, he's now dropped to 61.41btc, the largest win i can see in his history is for i think 5 btc? does TTM not show on user history or what  

 It's not '1 lucky guy'. His accounts :

 Real havoc happened to that bankroll indeed..
 The Legendary Great White Tux..
 Coin Rocketeer
 Pho King
 Finand

 Tech Analysis..? [Unconfirmed]
 The Winnerer..? [Unconfirmed]

 ^It's a recurring player who plays very recklessly, w/ no real strategy, and just submits his balance to 'Lady Luck' entirely. He's openly confirmed he maintains the above-listed^ accounts, and more, which as you can see, have lost about the same as the amounts he's earned on 'Phoking', 'CoinRocketeer' & 'Finand' so it should help dispel this myth that it's possible to reliably be this lucky (e.g. from 7 to 110btc), on this site or any other dice casino, on any timescale higher than short-term (more than a few hundred bets)..

 ..Unless you're playing, as I have been, w/ strict risk management rules w/ a semi-martingale or flatbetting strategy (anything outside of full, unlimited martingale) : Bet moderate, when winning - continue ; When losing - 'Stop-Loss' aka Stop, Accept Loss, Don't try to recoup in big bets right away, & Bet small again, so that you lose 1 day's worth of progress/bankroll growth, a few days here & there, instead of only growing, and growing, then one day, losing, inevitably, 100% of your bankroll.

[ranlo]

I've been seeing some pretty crazy multipliers on here, crazy how high it can go.

i like the game because of those crazy multi's never seen higher then 20k multi yet tho.

  type bust 500k into the chat box you will see the multiplier has gone past 1 million X before,
 im to lazy to log on and check what the max ever hit before was but im pretty sure it was over 10 million, but i might be completely wrong though....

1 million... ? 
That's the highest multiplier I've ever see if that's ever happen. I'm bet everyone will be regret forever if they just miss a million multiplier

On Tothemoon (based on BAB's source) I saw it hit 670k and on the very next roll hit 340k. Saw one that was like 900k+ as well but never two sequential ones that were that high.

[RHavar]

Well, this has been our busiest month by far!   

Over the last 30 days, we've been averaging over 800 BTC a day and processed thousands of bitcoins in deposits and withdrawals =)

[btcdealer.nl]

I've been seeing some pretty crazy multipliers on here, crazy how high it can go.

i like the game because of those crazy multi's never seen higher then 20k multi yet tho.

  type bust 500k into the chat box you will see the multiplier has gone past 1 million X before,
 im to lazy to log on and check what the max ever hit before was but im pretty sure it was over 10 million, but i might be completely wrong though....

ive tried that bot before. its nice to be able to see those stats

[EternalWingsofGod]

Well, this has been our busiest month by far!   

Over the last 30 days, we've been averaging over 800 BTC a day and processed thousands of bitcoins in deposits and withdrawals =)

Congrats it's a fun game to play so I can see why its doing so well
(Plus it can get crazy ha-ha)

[RHavar]

Some people have wanted to generate the previous games in their browser to verify the games, so I made this quite quickly:

http://jsfiddle.net/1L1uqcgv/

Note that it logs to the browser console, so if anyone wants to polish up that jsfiddle and a little UI to it it'd be quite nice =)

[RHavar]

And Dexon has risen to the challenge:


In browser provably fair checker: http://jsfiddle.net/1L1uqcgv/6

[dooglus]

Isn't offline investment technically the same as offering kelly risk level investment?

Like say I invest 1 CLAM at JD with 100x offsite which is the same is investing 1 CLAM at 50x kelly risk?

Nah, it's very different.

Let's imagine you have 10 BTC that you want to invest, and want to do so at a full kelly (the ideal). But you also want to minimize your counterparty risk, so you'll want to deposit as little as possible on the site.

With offsite, what you'd do is deposit 1 BTC and specify 9 BTC offsite. With leveraged investments, you'd deposit 1 BTC at a 10x kelly. Assuming a 1% house edge, in both cases you'd be risking 0.1 BTC a bet ... which is exactly what you want (a full kelly). So perfect.

Now, lets say your investment does well and you make 2 BTC profit.

With offsite investment you'd have 3 BTC + your 9 BTC offsite, and would be risking 0.12 BTC ... which is exactly what you want (A full kelly). With leveraged investments you'd have 3 BTC + your 9 BTC offsite, but would risking 0.33 BTC ... which way too much (to the point of landing you in negative expected growth territory).

And the exact opposite happens when your investment loses money, the leveraged investment you'd start to risk too little and would be under-utilizing your money.

Right.

The difference is that with Just-Dice's "offsite" feature, your offsite amount stays constant at whatever you declared it to be, but with leverage your imagined "offsite" amount is a fixed multiple of your onsite amount.

[RHavar]

  type bust 500k into the chat box you will see the multiplier has gone past 1 million X before,
 im to lazy to log on and check what the max ever hit before was but im pretty sure it was over 10 million, but i might be completely wrong though....

You can check with:

11:42 Ryan: !bust max
11:42 Shiba: Seen 10.69M in #814474. 1044513 games ago (295d 12h)

So yeah, 10.69 million is the highest it's been so far (almost a year ago)

[RHavar]

Site's been a bit slow with no huge winners in the last couple days, but at least this went to a pretty cool guy:

[RHavar]

There's some serious chat-server issues at the moment, due to a widespread service-provider partial-outage. This will likely continue for a few more hours, but the actual games, deposits and withdrawals should be unaffected.

[Erza]

Site's been a bit slow with no huge winners in the last couple days, but at least this went to a pretty cool guy:

Yeah I saw this one too when he bet. He is pretty lucky on each multiply, may be there is more guy like this one like almighty, I dont know which strategy did he used but seems when I seldom saw that with big base he is losing, mostly winning 

[RHavar]

There's some serious chat-server issues at the moment, due to a widespread service-provider partial-outage. This will likely continue for a few more hours, but the actual games, deposits and withdrawals should be unaffected.

Back to normal!

[RHavar]

The legendary whitetuxpeng is back playing hard, if anyone wants a show. (Back in the early days, he won so much that he put BaB in a total of a >30 BTC negative profit hole and needed outside investment to stay afloat).

(BTW he started this session at -88 or so, so he's actually up by about 20)

[RHavar]

...and the house is running hot:

10:39 Ryan: !profit 1d
10:39 Shiba: -40777234.18 bits

Players have taken home over 40 BTC in the last day!

[harmouch]

...and the house is running hot:

10:39 Ryan: !profit 1d
10:39 Shiba: -40777234.18 bits

Players have taken home over 40 BTC in the last day!

STOP TELLING SHIT SCAMMER MOTHERFUCKER