bustabit.com -- The Social Gambling Game

[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.

You calculate it in real-time?

The bet amount has the EV stored in the last 3 digits. For example, right now the bet amount is 17,117.  The "1" in the hundreds spot means the EV is positive.  The last two digits, "17" means that it's currently running a minimum EV of .17%/bet.  According to the stats Ryan provided, EV is actually much higher around .40%.  8.1453 / 501.34 = 1.6247% - 1% (0x bust every 101 games) - .218% (house edge at 128) = .407%/bet

Every once in a while, I start and stop the bot.  So that EV stored in the bet amount is for that session.  Previous stats are stored at the NXT forum here: https://nxtforum.org/index.php?topic=13275.msg229488#msg229488

Thanks for the question.
LibertyNow

[libertynow]

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

Yes, it's an account I've used for testing for a long, long time.  Probably ran more than 100 different scripts on that account. :-)

[JasonXG]

With all these new bustabit clones spawning its a surprise they still as popular as ever. I guess its the trust in the name and the brand. You can't beat that.

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?

The bet amount has the EV stored in the last 3 digits. For example, right now the bet amount is 17,117.  The "1" in the hundreds spot means the EV is positive.  The last two digits, "17" means that it's currently running a minimum EV of .17%/bet.  According to the stats Ryan provided, EV is actually much higher around .40%.  8.1453 / 501.34 = 1.6247% - 1% (0x bust every 101 games) - .218% (house edge at 128) = .407%/bet

Every once in a while, I start and stop the bot.  So that EV stored in the bet amount is for that session.  Previous stats are stored at the NXT forum here: https://nxtforum.org/index.php?topic=13275.msg229488#msg229488

Thanks for the question.
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.

You calculate it in real-time?

The bet amount has the EV stored in the last 3 digits. For example, right now the bet amount is 17,117.  The "1" in the hundreds spot means the EV is positive.  The last two digits, "17" means that it's currently running a minimum EV of .17%/bet.  According to the stats Ryan provided, EV is actually much higher around .40%.  8.1453 / 501.34 = 1.6247% - 1% (0x bust every 101 games) - .218% (house edge at 128) = .407%/bet

Every once in a while, I start and stop the bot.  So that EV stored in the bet amount is for that session.  Previous stats are stored at the NXT forum here: https://nxtforum.org/index.php?topic=13275.msg229488#msg229488

Thanks for the question.
LibertyNow

You can't beat the EV that is why it is an EV. Just gamblers fallacy to believe a bot can magically do what a human cannot.

[libertynow]

You can't beat the EV that is why it is an EV. Just gamblers fallacy to believe a bot can magically do what a human cannot.

1) The bot isn't "beating EV", it's constantly making positive EV decisions which assuming bankroll is large enough and given enough time, turns into actual profit.  Like what Ryan is doing with the actual site itself or what any other casino does....

2) Actually, gamblers fallacy is "the mistaken belief that, if something happens more frequently than normal during some period, it will happen less frequently in the future" and vice versa.

3) There's nothing magical about the EDGE bot.  I'm a professional coder and have put a lot of time into fine tuning the algorithm to adjust for max EV situations...and I'm not saying it can't be beat sometime in future by someone else or another bot, but right now, it's playing positive EV.

[fiscorcle]

You can't beat the EV that is why it is an EV. Just gamblers fallacy to believe a bot can magically do what a human cannot.

1) The bot isn't "beating EV", it's constantly making positive EV decisions which assuming bankroll is large enough and given enough time, turns into actual profit.  Like what Ryan is doing with the actual site itself or what any other casino does....

2) Actually, gamblers fallacy is "the mistaken belief that, if something happens more frequently than normal during some period, it will happen less frequently in the future" and vice versa.

3) There's nothing magical about the EDGE bot.  I'm a professional coder and have put a lot of time into fine tuning the algorithm to adjust for max EV situations...and I'm not saying it can't be beat sometime in future by someone else or another bot, but right now, it's playing positive EV.

This is all assuming that enough games can be +EV right? Given where the whales cash out, not every game is +EV?

[libertynow]

You can't beat the EV that is why it is an EV. Just gamblers fallacy to believe a bot can magically do what a human cannot.

1) The bot isn't "beating EV", it's constantly making positive EV decisions which assuming bankroll is large enough and given enough time, turns into actual profit.  Like what Ryan is doing with the actual site itself or what any other casino does....

2) Actually, gamblers fallacy is "the mistaken belief that, if something happens more frequently than normal during some period, it will happen less frequently in the future" and vice versa.

3) There's nothing magical about the EDGE bot.  I'm a professional coder and have put a lot of time into fine tuning the algorithm to adjust for max EV situations...and I'm not saying it can't be beat sometime in future by someone else or another bot, but right now, it's playing positive EV.

This is all assuming that enough games can be +EV right? Given where the whales cash out, not every game is +EV?

Yes, it's an average.

[DarkDays]

You can't beat the EV that is why it is an EV. Just gamblers fallacy to believe a bot can magically do what a human cannot.

You don't know what "EV" means.  You probably mean "house edge", but as been explained many times in this thread, the house edge can be overcome due to the nature of the bonus system.  You also don't know what "gamblers fallacy" means. 

[fiscorcle]

You can't beat the EV that is why it is an EV. Just gamblers fallacy to believe a bot can magically do what a human cannot.

1) The bot isn't "beating EV", it's constantly making positive EV decisions which assuming bankroll is large enough and given enough time, turns into actual profit.  Like what Ryan is doing with the actual site itself or what any other casino does....

2) Actually, gamblers fallacy is "the mistaken belief that, if something happens more frequently than normal during some period, it will happen less frequently in the future" and vice versa.

3) There's nothing magical about the EDGE bot.  I'm a professional coder and have put a lot of time into fine tuning the algorithm to adjust for max EV situations...and I'm not saying it can't be beat sometime in future by someone else or another bot, but right now, it's playing positive EV.

This is all assuming that enough games can be +EV right? Given where the whales cash out, not every game is +EV?

Yes, it's an average.

Right, but theoretically you could have a scenario where it's impossible to play +EV, no? Does your bot account for that?

[libertynow]

You can't beat the EV that is why it is an EV. Just gamblers fallacy to believe a bot can magically do what a human cannot.

1) The bot isn't "beating EV", it's constantly making positive EV decisions which assuming bankroll is large enough and given enough time, turns into actual profit.  Like what Ryan is doing with the actual site itself or what any other casino does....

2) Actually, gamblers fallacy is "the mistaken belief that, if something happens more frequently than normal during some period, it will happen less frequently in the future" and vice versa.

3) There's nothing magical about the EDGE bot.  I'm a professional coder and have put a lot of time into fine tuning the algorithm to adjust for max EV situations...and I'm not saying it can't be beat sometime in future by someone else or another bot, but right now, it's playing positive EV.

This is all assuming that enough games can be +EV right? Given where the whales cash out, not every game is +EV?

Yes, it's an average.

Right, but theoretically you could have a scenario where it's impossible to play +EV, no? Does your bot account for that?

Sorry, this is about as far as I'm willing to go on explaining the bot.  This is a competitive game after all. ;-)

[fiscorcle]

You can't beat the EV that is why it is an EV. Just gamblers fallacy to believe a bot can magically do what a human cannot.

1) The bot isn't "beating EV", it's constantly making positive EV decisions which assuming bankroll is large enough and given enough time, turns into actual profit.  Like what Ryan is doing with the actual site itself or what any other casino does....

2) Actually, gamblers fallacy is "the mistaken belief that, if something happens more frequently than normal during some period, it will happen less frequently in the future" and vice versa.

3) There's nothing magical about the EDGE bot.  I'm a professional coder and have put a lot of time into fine tuning the algorithm to adjust for max EV situations...and I'm not saying it can't be beat sometime in future by someone else or another bot, but right now, it's playing positive EV.

This is all assuming that enough games can be +EV right? Given where the whales cash out, not every game is +EV?

Yes, it's an average.

Right, but theoretically you could have a scenario where it's impossible to play +EV, no? Does your bot account for that?

Sorry, this is about as far as I'm willing to go on explaining the bot.  This is a competitive game after all. ;-)

Understood. I have my own script that managed to stay +EV for about a week before it ran out of RAM and crashed, but I don't really play all that much. I'm more interested in the theory side of it

[devans]

Understood. I have my own script that managed to stay +EV for about a week before it ran out of RAM and crashed, but I don't really play all that much. I'm more interested in the theory side of it

I assume that you've been running your bot in the strategy editor and–since it's running out of RAM–keeps track of historical data in some way. For what it's worth you could connect your bot directly to bustabit. This method has the advantage of being able to persist data to disk in between gambling sessions among others.

BaBot, a stripped-down version of Shiba, provides an easy example of how to accomplish that.

[Luxo42]

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

Yes, it's an account I've used for testing for a long, long time.  Probably ran more than 100 different scripts on that account. :-)

Why did RoberBaron fall from +4btc to -2btc?
Have u any expierence with percentage bet (percentage of bank)?
What algorithm do u use to cashout instanly?

[libertynow]

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

Yes, it's an account I've used for testing for a long, long time.  Probably ran more than 100 different scripts on that account. :-)

Why did RoberBaron fall from +4btc to -2btc?
Have u any expierence with percentage bet (percentage of bank)?
What algorithm do u use to cashout instanly?

I was betting to high a % of my bankroll. About 1%, which was not low enough to account for variance. 

Sorry, I will not be sharing any details on the actual algorithm itself with the possible exception of a little more detail to large investors.

[fiscorcle]

Understood. I have my own script that managed to stay +EV for about a week before it ran out of RAM and crashed, but I don't really play all that much. I'm more interested in the theory side of it

I assume that you've been running your bot in the strategy editor and–since it's running out of RAM–keeps track of historical data in some way. For what it's worth you could connect your bot directly to bustabit. This method has the advantage of being able to persist data to disk in between gambling sessions among others.

BaBot, a stripped-down version of Shiba, provides an easy example of how to accomplish that.

Nah, the strategy tester doesn't track bonuses. No point in using that if I want to test if my script can be +EV...

[The_prodigy]

This was my first gambling website where i learn on how to gambling without reading mechanics i just follow the graph and test with the faucet (way back time) i always earn bits from faucet where i use that to bet and win bits now im deposit atleast 0.1 per week and making my bankrole doubled then withdrew i love to see my net profit positive.

[devans]

Nah, the strategy tester doesn't track bonuses. No point in using that if I want to test if my script can be +EV...

Perhaps we've misunderstood each other. I wasn't talking about a strategy tester, but suggesting that you run your script locally and connect it directly to bustabit instead of through the browser.

[fiscorcle]

Nah, the strategy tester doesn't track bonuses. No point in using that if I want to test if my script can be +EV...

Perhaps we've misunderstood each other. I wasn't talking about a strategy tester, but suggesting that you run your script locally and connect it directly to bustabit instead of through the browser.

Oh I see what you mean. Yeah, that's the next step. Don't have time with work right now unfortunately. Plus I actually want to run some analysis on the game results, but it's impossible to get a download of the game files

[DarkStar_]

New version of bustabit looks pretty cool, and the "valor" seems interesting. Why are investor profits realized as silver and need to be fused with valor to get BTC though? Doesn't make a whole lot of sense to me.

You also noted that the database will be reset frequently, that means testnet coin balances will be lost as well as accounts, right?


Here's an small issue I found (I don't like using github, so I'll post it here)

https://i.imgur.com/i9dFPEz.gifv

Gives an error when you try to bet a multiplier of 1.1x, but still makes the bet. Same happens with 1.01x, haven't tested others yet.

I also tried placing a bet with 1k tBTC as well as 100tBTC at 1.01x, but it would say "Placing Bet" and then do nothing.


Edit: Does instant withdraw do anything? I added the 10 bits, but my withdraw was still in the queue and I had to pay another 100 bits.

[fiscorcle]

So due to popular demand, I'm releasing the current dev branch of bustabit v2:

http://dev.bustabit.com

It uses bitcoin testcoins instead of real bitcoins, and comes with a faucet (you can also google "bitcoin testcoin faucet") and deposit them in your account.

You can find the source here:
https://github.com/bustabit/bustabit-client

It's completely full of bugs, and half-done stuff. The best thing is to make issues on that repository -- make note of your bustabit username, so you can be rewarded with some vanity stuff in the indeterminate future.

Also pull requests accepted 




Edit: in an unrelated note, here's a game dump of the last 10M plays: https://ln.sync.com/dl/0c20bf440#78hvmigq-xjiymwmj-vqcdt46n-is8vhdnc

Much appreciated!

[DarkDays]

Gamblers automatically get 1 silver for every 100 bits they wager.

When this is implemented on the main game, will it be retroactive?  For example, if I have 50,000,000 bits wagered over the lifetime of my account, will I automatically get 500,000 silver?