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Author Topic: bustabit.com -- The Social Gambling Game  (Read 292472 times)
ranlo
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October 01, 2015, 08:50:08 PM
 #2301

I really love this game and the community around it. I havent tried the forum yet but why do you have to give the correct information. Just use a fake name and address and write it down for later use.

I'm not sure what forum you mean? Some people won some physical prizes, and in order to claim it they need to provide an address to ship it to. Of course, it's completely optional and you're free to ship it to any friend or family you like  (but please don't give fake details, it's just wasteful and creates more work for everyone)

We need to see the problem on many perspective, not just from single perspective (example: just from player preview).

If you ever created the game or websites, surely you'll need "the correct information" from your customers or users.


What is the purpose of claiming the silver wallet if you are going to give a fake address to ship it to? lol

I just want to volunteer... If anyone wins the silver coin and doesn't want to give their real information, tell Ryan you're passing the prize to me and I'll do it, :p.
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RHavar
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October 04, 2015, 03:45:59 PM
 #2302

Well, all the coins are given out! Big thanks to mitchell who organized the whole thing. Next big promo will be when we hit 200,000 btc wagered! (I'll run some bonus-bots again) so stay tuned =)


Edit: Correction: There's still 2 more to go!

Current contests
1.  The first person to bet 1BTC (1,000,000 bits) and have it bust at 0x wins a non-numbered Design 1 coin. (0.990099% chance)
3.  The first person to get half of the max profit (currently 5.26BTC) wins a numbered Design 1 /w Gold coin. (18.494302%)
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October 06, 2015, 05:27:42 PM
 #2303

Wow, whitetuxpeng is making a huge comeback! In the last couple of hours, he's recovered 72 of his bitcoins! And claimed the remaining two silverwallet prizes (Giving him a total of 2 gold ones, and a silver one)
Shogen
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October 06, 2015, 07:21:12 PM
 #2304

Wow, whitetuxpeng is making a huge comeback! In the last couple of hours, he's recovered 72 of his bitcoins! And claimed the remaining two silverwallet prizes (Giving him a total of 2 gold ones, and a silver one)

His net loss was more than 100 btc just 7 hours ago (https://www.bustabit.com/user/whitetuxpeng?p=830), and now he has recovered all of them and has a 5 btc profit lol. This is just crazy!

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October 06, 2015, 10:13:46 PM
 #2305

Wow, whitetuxpeng is making a huge comeback! In the last couple of hours, he's recovered 72 of his bitcoins! And claimed the remaining two silverwallet prizes (Giving him a total of 2 gold ones, and a silver one)

His net loss was more than 100 btc just 7 hours ago (https://www.bustabit.com/user/whitetuxpeng?p=830), and now he has recovered all of them and has a 5 btc profit lol. This is just crazy!

yeah. This was the craziest cashout I've seen:
https://www.bustabit.com/game/1919136

o.0
Dennis7777
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October 06, 2015, 10:39:00 PM
 #2306

yeah. This was the craziest cashout I've seen:
https://www.bustabit.com/game/1919136

o.0

Not only it is a max 1 bitcoin bet, he cashes out at the perfect timing?  Shocked
BTW, let's see if your theory in https://bitcointalk.org/index.php?topic=1020726.msg12613128#msg12613128 still holds this time hehe.

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October 07, 2015, 07:43:25 AM
 #2307

yeah. This was the craziest cashout I've seen:
https://www.bustabit.com/game/1919136

o.0

Not only it is a max 1 bitcoin bet, he cashes out at the perfect timing?  Shocked
BTW, let's see if your theory in https://bitcointalk.org/index.php?topic=1020726.msg12613128#msg12613128 still holds this time hehe.


Can anyone good with math figure out what are the chances of someone even doing this? Right on the dot? Like come on, that is BS.. Seriously seems like some sort of exploit was used.
RHavar
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October 07, 2015, 05:51:10 PM
 #2308

Can anyone good with math figure out what are the chances of someone even doing this? Right on the dot? Like come on, that is BS.. Seriously seems like some sort of exploit was used.

I'm not really sure that's calculable. There are millions of patterns of events that are "wow wtf". e.g. it crashing at  1.23, then 4.56, then 7.89, so even though each might have a 1 in a million chance of happening, there's so many that it's almost certain one of them will happen.
ranlo
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October 07, 2015, 06:30:38 PM
 #2309

Can anyone good with math figure out what are the chances of someone even doing this? Right on the dot? Like come on, that is BS.. Seriously seems like some sort of exploit was used.

I'm not really sure that's calculable. There are millions of patterns of events that are "wow wtf". e.g. it crashing at  1.23, then 4.56, then 7.89, so even though each might have a 1 in a million chance of happening, there's so many that it's almost certain one of them will happen.

I thought the reason it blew up was because the max. win had been hit. Does it not explode the rocket when that happens?
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October 07, 2015, 07:04:14 PM
 #2310

I thought the reason it blew up was because the max. win had been hit. Does it not explode the rocket when that happens?

Nah, if the max-profit is hit everyone is cashed out at that point (which is earlier than they like) but doesn't affect the actual game bust. He just got super, super lucky Cheesy
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October 07, 2015, 07:05:03 PM
 #2311

Not only it is a max 1 bitcoin bet, he cashes out at the perfect timing?  Shocked
BTW, let's see if your theory in https://bitcointalk.org/index.php?topic=1020726.msg12613128#msg12613128 still holds this time hehe.

Let's hope so! The site has currently handed out 125 BTC net in the last 2 days Cheesy
ranlo
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October 07, 2015, 07:07:06 PM
 #2312

I thought the reason it blew up was because the max. win had been hit. Does it not explode the rocket when that happens?

Nah, if the max-profit is hit everyone is cashed out at that point (which is earlier than they like) but doesn't affect the actual game bust. He just got super, super lucky Cheesy

Ahh, cool. I think a neat promo next time (like with the coins) would be to do something along the lines of "first person to bet at least 10k bits and cash out at the exact bust point above 3.00x"
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October 07, 2015, 09:09:44 PM
 #2313

Been a great last couple days for players!
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October 08, 2015, 05:00:17 PM
 #2314

yeah. This was the craziest cashout I've seen:
https://www.bustabit.com/game/1919136

Can anyone good with math figure out what are the chances of someone even doing this? Right on the dot?

I think the chance any individual game crashing at exactly crash point c is:

    ((c - 0.99)/c - (c - 1)/(c - 0.01)) * 100/101 : for non-zero c, and
    1/101 : for zero c

So the chance of any individual game crashing at exactly 8.16x is 0.000147389, or 1 in 6784.75

... but he didn't play just one game. If you play enough times eventually you're going to cash out right at the crash point I guess.

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ranlo
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October 08, 2015, 05:03:25 PM
 #2315

yeah. This was the craziest cashout I've seen:
https://www.bustabit.com/game/1919136

Can anyone good with math figure out what are the chances of someone even doing this? Right on the dot?

I think the chance any individual game crashing at exactly crash point c is:

    ((c - 0.99)/c - (c - 1)/(c - 0.01)) * 100/101 : for non-zero c, and
    1/101 : for zero c

So the chance of any individual game crashing at exactly 8.16x is 0.000147389, or 1 in 6784.75

... but he didn't play just one game. If you play enough times eventually you're going to cash out right at the crash point I guess.

That's the chance of blowing up at a certain point, but it ignores the chance of him happening to also choose the same point (based on his other bets, he wasn't waiting that long).
RHavar
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October 08, 2015, 07:31:18 PM
 #2316

That's the chance of blowing up at a certain point, but it ignores the chance of him happening to also choose the same point (based on his other bets, he wasn't waiting that long).

Well, as the player has complete control of what they want to cashout at, so it's pretty difficult to assign a probability to it. =)
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October 09, 2015, 07:08:32 AM
 #2317

yeah. This was the craziest cashout I've seen:
https://www.bustabit.com/game/1919136

Can anyone good with math figure out what are the chances of someone even doing this? Right on the dot?

I think the chance any individual game crashing at exactly crash point c is:

    ((c - 0.99)/c - (c - 1)/(c - 0.01)) * 100/101 : for non-zero c, and
    1/101 : for zero c

So the chance of any individual game crashing at exactly 8.16x is 0.000147389, or 1 in 6784.75

... but he didn't play just one game. If you play enough times eventually you're going to cash out right at the crash point I guess.

alright then...

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October 09, 2015, 08:21:00 AM
 #2318

Hah, Ryan! Maybe add an option where people can bet where they think the crashpoint will be exactly. Or maybe ranges of crashpoints.

Like: Bet 50 bit that the crash point will be between 1.00 and 1.09. If that happens you get 10x(?) your bet = 500 bits.
If you bet that it will exactly crash at 1.00, you get 99x your bet.

Would be a fun game Smiley Could go crazy on the multipliers though, as you could bet it will crash at exactly 504.94 or something, which has a probability of almost zero.
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October 09, 2015, 04:01:11 PM
 #2319

Hah, Ryan! Maybe add an option where people can bet where they think the crashpoint will be exactly. Or maybe ranges of crashpoints.

Like: Bet 50 bit that the crash point will be between 1.00 and 1.09. If that happens you get 10x(?) your bet = 500 bits.
If you bet that it will exactly crash at 1.00, you get 99x your bet.

Would be a fun game Smiley Could go crazy on the multipliers though, as you could bet it will crash at exactly 504.94 or something, which has a probability of almost zero.

This would be quite nice to gamble on, a bit like roulette 1-18 / 19-36 Cheesy
and maybe bet on odd/even Tongue

dooglus
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October 09, 2015, 04:15:02 PM
 #2320

Hah, Ryan! Maybe add an option where people can bet where they think the crashpoint will be exactly. Or maybe ranges of crashpoints.

Like: Bet 50 bit that the crash point will be between 1.00 and 1.09. If that happens you get 10x(?) your bet = 500 bits.
If you bet that it will exactly crash at 1.00, you get 99x your bet.

Would be a fun game Smiley Could go crazy on the multipliers though, as you could bet it will crash at exactly 504.94 or something, which has a probability of almost zero.

As well as adding to the fun this would smooth the volatility for Ryan.

Currently a low crash point means almost everyone loses, and a high crash point means almost everyone wins. Your proposed change would mix up the winning and losing more.

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