Direct Dice - 10 BTC Jackpot ! Bitcoin, Litecoin, Dogecoin & Darkcoin !

[DirectBet]

Is there any problem on directdice right now? I sent a bet for almost 30 mins ago but the bet is still dont have result

Can you please send your bet ID to support@directbet.eu for us to look at ? Thanks.

I will try to send an email later, its just a small amount so it doesnt worth much to me

Generally, if the dice is not rolled immediately, that's because something is wrong with your bet transfer and there is a possibility that it may never confirm, so our automated betting system is waiting for 1 confirmation before rolling the dice. Usually in such cases there will be a warning attached to the transaction in the block chain with more details.

[Hexcoin]

Is there any problem on directdice right now? I sent a bet for almost 30 mins ago but the bet is still dont have result

Can you please send your bet ID to support@directbet.eu for us to look at ? Thanks.

I will try to send an email later, its just a small amount so it doesnt worth much to me

Generally, if the dice is not rolled immediately, that's because something is wrong with your bet transfer and there is a possibility that it may never confirm, so our automated betting system is waiting for 1 confirmation before rolling the dice. Usually in such cases there will be a warning attached to the transaction in the block chain with more details.

The transaction of my bet have the suggested fee of .0001btc so i dont think there is a problem on that case. I checked the blockchain and there is a problem, you guys use blockchain.info for your system?  I think that is the case

Edit: it is rolled now when i checked again. Thanks directbet

[DirectDice]

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[RussianRaibow]

I understood how the winner of a bet is determined in Direct Dice. But, how the jackpot winner is being chosen from the list of anonymous bets ? Could someone please explain ?

[DirectBet]

But, how the jackpot winner is being chosen from the list of anonymous bets ? Could someone please explain ?

If the Lucky Number is 101 your bet will always win no matter what you selected, and if your bet stake is at least 0.01 BTC, 1 LTC, 1 DASH or 10,000 DOGE and is not part of a losing Toto ~ Parlay slip, it will also be eligible for the 10 BTC Jackpot.

The chance to roll 101 is approx. once out of 1 million rolls.

For more technical details on how Direct Dice is rolled in a provably fair manner, please check out :

http://www.directbet.eu/Rules.cshtml#Dice

[jambola2]

But, how the jackpot winner is being chosen from the list of anonymous bets ? Could someone please explain ?

If the Lucky Number is 101 your bet will always win no matter what you selected, and if your bet stake is at least 0.01 BTC, 1 LTC, 1 DASH or 10,000 DOGE and is not part of a losing Toto ~ Parlay slip, it will also be eligible for the 10 BTC Jackpot.

The chance to roll 101 is approx. once out of 1 million rolls.

For more technical details on how Direct Dice is rolled in a provably fair manner, please check out :

http://www.directbet.eu/Rules.cshtml#Dice

Interesting.
This changes the house edge if you bet with the minimum required to get the jackpot.

Assuming you get the jackpot every million bets:

For 0.01 BTC:
(0.01*1,000,000) = 10,000 BTC Wagered
0.99% = 99 BTC expected house winnings. 10 BTC won in jackpot.
0.89% effective house edge (99-10/10,000)

For 10k doge = 0.0035 BTC:
(0.0035*1,000,000) = 3,500 BTC Wagered
0.99% = 34.65 BTC expected house winnings. 10 BTC won in jackpot
0.7% effective house edge (34.65-10/3500)

For 1 DASH = 0.013 BTC:
(0.013*1,000,000) = 13,000 BTC Wagered
0.99% = 128.7 expected house winnings. 10 BTC won in jackpot
0.91% effective house edge(128.7-10/13,000)

For 1 LTC = 0.015:
(0.015*1,000,000) = 15,000 BTC wagered
0.99% = 148.5 expected house winnings, 10 BTC won in jackpot
0.92% effective house edge (148.5-10/15,000)

What does this mean?
Attempting to win the jackpot slightly reduces the house edge, with the most significant effect seen on dogecoin.
The formula ((1 million * house edge * min bet size) - jackpot size)/(1 million * min bet size) yields the effective house edge

Assuming the rules stay the same,
((1,000,000 * 0.99/100 * min bet) - 10))/(1,000,000 * min bet)
This becomes 0 at around min bet = 0.001 and further on becomes EV+
If doge drops below 10 satoshis, or litecoin or DASH drops under 0.001 BTC, this jackpot will end up causing DirectDice to be EV+

[DirectBet]

But, how the jackpot winner is being chosen from the list of anonymous bets ? Could someone please explain ?

If the Lucky Number is 101 your bet will always win no matter what you selected, and if your bet stake is at least 0.01 BTC, 1 LTC, 1 DASH or 10,000 DOGE and is not part of a losing Toto ~ Parlay slip, it will also be eligible for the 10 BTC Jackpot.

The chance to roll 101 is approx. once out of 1 million rolls.

For more technical details on how Direct Dice is rolled in a provably fair manner, please check out :

http://www.directbet.eu/Rules.cshtml#Dice

Interesting.
This changes the house edge if you bet with the minimum required to get the jackpot.

Assuming you get the jackpot every million bets:

For 0.01 BTC:
(0.01*1,000,000) = 10,000 BTC Wagered
0.99% = 99 BTC expected house winnings. 10 BTC won in jackpot.
0.89% effective house edge (99-10/10,000)

For 10k doge = 0.0035 BTC:
(0.0035*1,000,000) = 3,500 BTC Wagered
0.99% = 34.65 BTC expected house winnings. 10 BTC won in jackpot
0.7% effective house edge (34.65-10/3500)

For 1 DASH = 0.013 BTC:
(0.013*1,000,000) = 13,000 BTC Wagered
0.99% = 128.7 expected house winnings. 10 BTC won in jackpot
0.91% effective house edge(128.7-10/13,000)

For 1 LTC = 0.015:
(0.015*1,000,000) = 15,000 BTC wagered
0.99% = 148.5 expected house winnings, 10 BTC won in jackpot
0.92% effective house edge (148.5-10/15,000)

What does this mean?
Attempting to win the jackpot slightly reduces the house edge, with the most significant effect seen on dogecoin.
The formula ((1 million * house edge * min bet size) - jackpot size)/(1 million * min bet size) yields the effective house edge

Assuming the rules stay the same,
((1,000,000 * 0.99/100 * min bet) - 10))/(1,000,000 * min bet)
This becomes 0 at around min bet = 0.001 and further on becomes EV+
If doge drops below 10 satoshis, or litecoin or DASH drops under 0.001 BTC, this jackpot will end up causing DirectDice to be EV+

That's true. Direct Dice house edge is effectively lower thanks to the Jackpot.

Keep in mind that you also get back up to 0.5% of your bets stake through our VIP Rewards program, so the effective house edge for frequent bettors is below 0.4% once you factor in the VIP rewards and the Jackpot.

[jambola2]

Wait, is your VIP program applicable for Dice?
Then you need to change it, and urgently.

1,000,000 bets of 0.001 needed to get 10 BTC.
1,000 BTC bet at minimum.
Expected house rake: 1,000 * 0.99/100 = 9.9 BTC
Reward given: 10 BTC

Total house rake: -0.1/1000 = -0.01% house edge -> IT IS EV+
The only reason why it will still not practically be EV+ for the player is due to transaction fees (no deposit system in DirectBet)

EDIT: And this is not considering the jackpot. That would increase it to upto -0.3%!

[DirectBet]

Wait, is your VIP program applicable for Dice?

Yes, but Direct Dice bets award half the loyalty points compared to Sport bets, so the VIP reward is up to 0.5% of your bets stake (not 1%).

[jambola2]

Alright, could you show me where this is written on your site?
I can't find it under VIP Rewards nor Rules. You might want to make it more visible that only half the loyalty points are given.

[DirectBet]

Alright, could you show me where this is written on your site?
I can't find it under VIP Rewards nor Rules. You might want to make it more visible that only half the loyalty points are given.

It's stated in the VIP Rewards page :

http://www.directbet.eu/VIP.cshtml

You earn 1 loyalty point for every 0.001 BTC, 0.2 LTC, 0.1 DASH or 2000 DOGE that you bet during the month, with the exception of Direct Dice bets, which award half the points.

[jambola2]

Alright, could you show me where this is written on your site?
I can't find it under VIP Rewards nor Rules. You might want to make it more visible that only half the loyalty points are given.

It's stated in the VIP Rewards page :

http://www.directbet.eu/VIP.cshtml

You earn 1 loyalty point for every 0.001 BTC, 0.2 LTC, 0.1 DASH or 2000 DOGE that you bet during the month, with the exception of Direct Dice bets, which award half the points.

LOL
I don't know how I missed that.
Gotta get my eyes checked now. Sorry for the hassle.

[DirectDice]

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Good Luck !

Michelle

[DirectDice]

Want to win 40 mBTC FREE Direct Dice bet ?

Predict the correct score of the NFL game between Pittsburgh @ Minnesota and it's yours !

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Good Luck !

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[DirectDice]

Want to win 190 mBTC FREE Direct Dice bet ?

Predict the correct score of the WNBA game between Tulsa @ New York and it's yours !

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Good Luck !

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[DirectDice]

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[knightkon]

I am sorry, I am new with this, can someone please guide me as to how to participate with this?  Again, Please forgive me, I am new and I am just learning.  Can I be a Newbie and still participate?

[DirectDice]

I am sorry, I am new with this, can someone please guide me as to how to participate with this?  Again, Please forgive me, I am new and I am just learning.  Can I be a Newbie and still participate?

Hi knightkon,

Thank you for your question

This is the direct link to our Dice game : Direct Dice

It is very easy to play and please feel free to contact us if you need any help.

If you are talking about our Direct Dice Tweet & Share giveaway then it is limited to Bitcointalk members with Activity of at least 30. Please come back when you have more Activity.

Meanwhile, you can participate in our promotions in which we do not limit Activity and win Free Direct Dice bets.

For more details please visit : www.DirectBet.eu/Contest.cshtml

Thanks a lot !

All the Best,

Michelle

[DirectDice]

Want Free Direct Dice Bets ?

Join our Direct Dice Twitter & Facebook giveaway.

It is FREE to enter : https://bitcointalk.org/index.php?topic=887679.0

Good Luck !

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[singpays]

Hello ,

How can i check status , i profit and lost so please help me