[SHUTTING DOWN] [DiceBitco.in | BE THE BANK ! | 1% House Edge]

[finnile]

I really doubt they plan to run the site through a fair means. Firstly, they never refunded bets properly. What they claimed to have refunded were wrong bets. But not bets that led to those wrong bets.
For example, here is a screenshot of one of the bad streaks.



What they refunded were bets in the middle, for example  one or two of the 0.01 or one of the 0.04 btc bet. But the only way for me to win was winning 2 bets in a row. And I was clearly sort of increasing my bets in the martingale style. Even the last bet I won of 0.467 btc was after a nonce skip. And this losing streak was preceded by one or 2 wins and 20-25 losses. So just refunding a 0.04 bet in between doesn't mean you have made it all right. I deserve to get a refund for bets that went in the middle(the martingale bets) , else my style of betting wouldn't have matter, and would have been just like flat betting which is more -EV.

I have sent various messages to DB about this, with no reply. Also, when dooglus pointed out that they should refund the original bets as well right here: https://bitcointalk.org/index.php?topic=716312.msg8895986#msg8895986
then DB posted an updated list. https://bitcointalk.org/index.php?topic=716312.msg8900650#msg8900650

and the only 2 people who were updated on the list with the original bets were Me and Stars, probably because it was only us 2 who had sent them a message about what dooglus posted and none of the other players, and they probably thought of not making it right for them.
Also, initially when I pointed out the bug, they had refunded a 0.2 BTC extra, saying it was a bug bounty.  But now after they updated the list, they refunded some more amount and subtracted the bug bounty from it, saying it was never meant to be, and bug bounties are only given, if you had not been public with it. I was like, Really?

I also contacted DB if they wanted to steal investors funds, then feel free to use my name instead of mateo. And they replied, their intent was to not scam anyone, which was the best laugh I had.
After coming back, they expected people to flock back to the site which isn't happening, so now they are probably rethinking their approach and launching project mateo again. They have also not commented to any of the issues posted by players on the thread specially when there is no chat at DB anymore.
They also said they would be willing to allow dooglus to cosign the cold wallet, but even then, after the previous scam, no one should trust them with their investments, specially because they can still steal funds by using seeds only they know, and after the previous incident this is very likely.

[bitcoin4eva]

I was wondering if its profitable to invest into this? Like what kind of return is there lets say /day? Has anyone done any calculations?

[finnile]

I was wondering if its profitable to invest into this? Like what kind of return is there lets say /day? Has anyone done any calculations?

After mateo lost(which also could just be DB playing and losing purposely), the site has gained around 10-15 BTC since then. But again, you can't calculate returns/day, as there is a lot of variance with 7-8 btc max payout. A better thing to calculate would be return over a few months. But after the incident, thats impossible to calculate.

[bitcoin4eva]

But the fact is that eventually you will profit?

[waterpile]

But the fact is that eventually you will profit?

yup but it will take long term to gain profits

[bitcoin4eva]

Allright, thank you for the answers : )

[jaysabi]

But the fact is that eventually you will profit?

Mathematically, it is extremely likely you will profit over the long term on a highly trafficked site that is run honestly. DB currently is moderately trafficked, but the honesty part cannot be attested to. If you look at this site and say "despite all the problems they have with honesty and reputation, the potential small profit here makes it worth the risk" then you are really terrible at evaluating risk.

[john1975p]

But the fact is that eventually you will profit?

I really surprised to see, people still want to invest in DiceBitco after Mateo chaos.
Why people want to take risk when they already saw problem in site.

[picolo]

But the fact is that eventually you will profit?

I really surprised to see, people still want to invest in DiceBitco after Mateo chaos.
Why people want to take risk when they already saw problem in site.

Maybe the BTC from those who didn't follow the recent events and BTC from the owners

But the fact is that eventually you will profit?

Mathematically, it is extremely likely you will profit over the long term on a highly trafficked site that is run honestly. DB currently is moderately trafficked, but the honesty part cannot be attested to. If you look at this site and say "despite all the problems they have with honesty and reputation, the potential small profit here makes it worth the risk" then you are really terrible at evaluating risk.

You can add other risks associated with investing in a Bitcoin casino such as the IRS or an other government agency catching you

[coingamblingreviews]

But the fact is that eventually you will profit?

I really surprised to see, people still want to invest in DiceBitco after Mateo chaos.
Why people want to take risk when they already saw problem in site.

This has blown me away too. Maybe they don't read the Forums? How can over 1600 BTC still be invested in this site?

[waterpile]

But the fact is that eventually you will profit?

I really surprised to see, people still want to invest in DiceBitco after Mateo chaos.
Why people want to take risk when they already saw problem in site.

This has blown me away too. Maybe they don't read the Forums? How can over 1600 BTC still be invested in this site?

maybe investors that visits once a year in the forums..

[finnile]

Can someone from DB reply to any of the messages? They seem to be active in the signature campaign thread, but not on this thread.

[twister]

I really doubt they plan to run the site through a fair means. Firstly, they never refunded bets properly. What they claimed to have refunded were wrong bets. But not bets that led to those wrong bets.
For example, here is a screenshot of one of the bad streaks.



What they refunded were bets in the middle, for example  one or two of the 0.01 or one of the 0.04 btc bet. But the only way for me to win was winning 2 bets in a row. And I was clearly sort of increasing my bets in the martingale style. Even the last bet I won of 0.467 btc was after a nonce skip. And this losing streak was preceded by one or 2 wins and 20-25 losses. So just refunding a 0.04 bet in between doesn't mean you have made it all right. I deserve to get a refund for bets that went in the middle(the martingale bets) , else my style of betting wouldn't have matter, and would have been just like flat betting which is more -EV.

I have sent various messages to DB about this, with no reply. Also, when dooglus pointed out that they should refund the original bets as well right here: https://bitcointalk.org/index.php?topic=716312.msg8895986#msg8895986
then DB posted an updated list. https://bitcointalk.org/index.php?topic=716312.msg8900650#msg8900650

and the only 2 people who were updated on the list with the original bets were Me and Stars, probably because it was only us 2 who had sent them a message about what dooglus posted and none of the other players, and they probably thought of not making it right for them.
Also, initially when I pointed out the bug, they had refunded a 0.2 BTC extra, saying it was a bug bounty.  But now after they updated the list, they refunded some more amount and subtracted the bug bounty from it, saying it was never meant to be, and bug bounties are only given, if you had not been public with it. I was like, Really?

I also contacted DB if they wanted to steal investors funds, then feel free to use my name instead of mateo. And they replied, their intent was to not scam anyone, which was the best laugh I had.
After coming back, they expected people to flock back to the site which isn't happening, so now they are probably rethinking their approach and launching project mateo again. They have also not commented to any of the issues posted by players on the thread specially when there is no chat at DB anymore.
They also said they would be willing to allow dooglus to cosign the cold wallet, but even then, after the previous scam, no one should trust them with their investments, specially because they can still steal funds by using seeds only they know, and after the previous incident this is very likely.

17 reds!! 

If all these sites are so provably fair how come we never see 17 greens on a 2x??

I say they are all rigged!! which is why I don't gamble any more.

[wayshegoes]

Another person flat betting draining the bankroll. Different % to mateo but god damn are they eating those investors up.

If dooglus is reading, do you keep track of DB's daily profits? Haven't been checking daily myself but the last time I checked recently the site was over 300 BTC in profit.

[Cluster2k]

Hmm, 340 profit down to almost 0.  These people sure are lucky.

[Cluster2k]

To the people cleaning out DB again right now, I would urge them to quit while they're ahead.  340btc profit is rather nice.  They know what happened to mateo: he/she/it played, won big, and then handed back all the winnings plus interest. 

[Cluster2k]

Hmm, keegan has stopped its run after handing back a large chunk of its profits.  Still up around 135btc.  The run finished when keegan lost 24 31% chance bets in a row. 

[wayshegoes]

I dunno about you but I would be happy with making 135 BTC over a morning coffee.

[caracter2]

Hmm, keegan has stopped its run after handing back a large chunk of its profits.  Still up around 135btc.  The run finished when keegan lost 24 31% chance bets in a row. 

Odds of that are about 1 in 17,000. How many rolls did he play?

[Cluster2k]

Hmm, keegan has stopped its run after handing back a large chunk of its profits.  Still up around 135btc.  The run finished when keegan lost 24 31% chance bets in a row. 

Odds of that are about 1 in 17,000. How many rolls did he play?

Don't know overall.  Just watching the high bets window and those 24 are the last ones played. 

I would be very happy with a 135btc run too.