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Author Topic: ★FastBets.io - A New Way to Gamble ★  (Read 57576 times)
shanem
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March 20, 2015, 02:07:03 PM
 #321

I have a question about the chartbet.
If I have a stock at a low price say at 1000 satoshi, can I wait several days for the stock to go up and sell?
Will I incurr any loss if I do that?

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FastSlots
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March 20, 2015, 02:39:07 PM
 #322

I have a question about the chartbet.
If I have a stock at a low price say at 1000 satoshi, can I wait several days for the stock to go up and sell?
Will I incurr any loss if I do that?

Hi shanem. You can do that, but you should keep a few things in mind:

* First, every time the chart is updated a house edge of 0.2% is applied. Thus over time the chart will have a tendency downwards, this is how we make money. Thus after several days, you are very likely to have lost money (just like on a dice game that you play for several days)

* The chart can get negative as well. Your balance will change together with the chart. Say for example if your balance is 1000 satoshi, you buy red, then red increases by one, then you have 1001 satoshi after the update.

At it's core Chart Bet is nothing different than a dice game on auto roll. In both cases a series of rolls determine how your balance changes and a house edge is applied in every step. The difference is that we have a super low house edge of just 0.2% and that we plot the past rolls as a graph.

I highly recommend to try this game out with the 500 free satoshi that you get when you visit the FastSlots for the first time. Only once you have familiarized yourself with the concept, should you play with your own money.

Sorry for the long reply shanem, please let me know if this did not answer your question...


A NEW WAY TO GAMBLE               FASTBETS.IO              FUN GAMES & GREAT ODDS
FastSlots
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March 20, 2015, 03:16:55 PM
 #323



Just a quick reminder that our Double or Nothing competition ends in less than 9 hours (today, 23.55pm GMT). Get your winning streak in to qualify for a prize.


1. Prize: 0.1 bitcoin
2. Prize: 0.04 bitcoin
3. Prize: 0.02 bitcoin


We also have 0.3 bitcoin up for grabs in the high roller competition. If you get a streak in now you are very likely to walk away with the money so get going now.


A NEW WAY TO GAMBLE               FASTBETS.IO              FUN GAMES & GREAT ODDS
MarkMJ
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March 20, 2015, 03:45:05 PM
 #324

Hello dear,

You give me a full refund where?in the game!is not about the money is about the people that will play there.
Because if you still keep the chart now you will keep it for a reason,Now everyone will win from now to show user's that your are not the guilt and this is good
But ALSO why all make the express: This is gambling. The site is provably fair. They don't get a penny back!
My opinion!!you know already my opinion,so that does not mean we all have the same opinion
And this: a lot of people have made quite sizeable wins on chart bet.
Why the F I will PM you to told you,man whats happening??because I will a lots of money at chart bet,you win and you run.
Your EDIT: So apparently MarkMJ just got 6 hours of gambling out of 0.04 Bitcoin and complained. Don't know what to say...
What do you mean you do not know what to say? this also it brings many questions and signs.
Droganson say: You are a reputable enough casino and people were standing up for you.
No feedback and no points whay do you say that,what people standing up??
Much to say but I will stop here.
Take care and I wishing you only winnings


I'm RED and that's GOOD, i will never be GREEN and that's not BAD! there's no one i'd rather be than me.
shulio
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March 20, 2015, 03:57:25 PM
 #325

Hello dear,

You give me a full refund where?in the game!is not about the money is about the people that will play there.
Because if you still keep the chart now you will keep it for a reason,Now everyone will win from now to show user's that your are not the guilt and this is good
But ALSO why all make the express: This is gambling. The site is provably fair. They don't get a penny back!
My opinion!!you know already my opinion,so that does not mean we all have the same opinion
And this: a lot of people have made quite sizeable wins on chart bet.
Why the F I will PM you to told you,man whats happening??because I will a lots of money at chart bet,you win and you run.
Your EDIT: So apparently MarkMJ just got 6 hours of gambling out of 0.04 Bitcoin and complained. Don't know what to say...
What do you mean you do not know what to say? this also it brings many questions and signs.
Droganson say: You are a reputable enough casino and people were standing up for you.
No feedback and no points whay do you say that,what people standing up??
Much to say but I will stop here.
Take care and I wishing you only winnings


of course a refund is given to you on the game, you can choose to either play again or withdraw it immediately, and you choosed to play it again and lost it again

And yes, the sites is provably fair, if you think that they are cheating, you can check it with provably fair verifier, just because you cant win from the site, doesnt mean that the site is rigged

tldr: MJ played at FastSlots, lost it all, complained in the forum that we are a scam; I looked into it, found no problem on our side and that he had just lost his 0.04 btc deposit; I gave him a full refund nonetheless, asking him to tone it down; He takes the refund, looses it all again, makes above post.

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Akche, Türkiye'nin Dijital Parası
──────────────────── 29 Ekim 2017
╔═ WHITE PAPER ═╗
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╚═  ANNTHREAD  ═╝
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MarkMJ
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March 20, 2015, 04:11:14 PM
 #326

Hello dear,

You give me a full refund where?in the game!is not about the money is about the people that will play there.
Because if you still keep the chart now you will keep it for a reason,Now everyone will win from now to show user's that your are not the guilt and this is good
But ALSO why all make the express: This is gambling. The site is provably fair. They don't get a penny back!
My opinion!!you know already my opinion,so that does not mean we all have the same opinion
And this: a lot of people have made quite sizeable wins on chart bet.
Why the F I will PM you to told you,man whats happening??because I will a lots of money at chart bet,you win and you run.
Your EDIT: So apparently MarkMJ just got 6 hours of gambling out of 0.04 Bitcoin and complained. Don't know what to say...
What do you mean you do not know what to say? this also it brings many questions and signs.
Droganson say: You are a reputable enough casino and people were standing up for you.
No feedback and no points whay do you say that,what people standing up??
Much to say but I will stop here.
Take care and I wishing you only winnings


of course a refund is given to you on the game, you can choose to either play again or withdraw it immediately, and you choosed to play it again and lost it again

And yes, the sites is provably fair, if you think that they are cheating, you can check it with provably fair verifier, just because you cant win from the site, doesnt mean that the site is rigged

tldr: MJ played at FastSlots, lost it all, complained in the forum that we are a scam; I looked into it, found no problem on our side and that he had just lost his 0.04 btc deposit; I gave him a full refund nonetheless, asking him to tone it down; He takes the refund, looses it all again, makes above post.

Hello dear,

I thought I will stop here,but I see that you don't want to so,
Why to withdraw my money?
See that you do not really understand,this is my experience with this site,but I don't understand why you say provably!!
You don't say it,you say only fair or NOT fair not provably
I take the refund because I wanted to see if I'm right or not and the system is cheating.
When you play for free of course you will win,all systems are the same
For real money you don't know,but I play for 2 time,the chart was only DOWN,DOWN,DOWN and so.


I'm RED and that's GOOD, i will never be GREEN and that's not BAD! there's no one i'd rather be than me.
shulio
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March 20, 2015, 04:17:55 PM
 #327

Hello dear,

You give me a full refund where?in the game!is not about the money is about the people that will play there.
Because if you still keep the chart now you will keep it for a reason,Now everyone will win from now to show user's that your are not the guilt and this is good
But ALSO why all make the express: This is gambling. The site is provably fair. They don't get a penny back!
My opinion!!you know already my opinion,so that does not mean we all have the same opinion
And this: a lot of people have made quite sizeable wins on chart bet.
Why the F I will PM you to told you,man whats happening??because I will a lots of money at chart bet,you win and you run.
Your EDIT: So apparently MarkMJ just got 6 hours of gambling out of 0.04 Bitcoin and complained. Don't know what to say...
What do you mean you do not know what to say? this also it brings many questions and signs.
Droganson say: You are a reputable enough casino and people were standing up for you.
No feedback and no points whay do you say that,what people standing up??
Much to say but I will stop here.
Take care and I wishing you only winnings


of course a refund is given to you on the game, you can choose to either play again or withdraw it immediately, and you choosed to play it again and lost it again

And yes, the sites is provably fair, if you think that they are cheating, you can check it with provably fair verifier, just because you cant win from the site, doesnt mean that the site is rigged

tldr: MJ played at FastSlots, lost it all, complained in the forum that we are a scam; I looked into it, found no problem on our side and that he had just lost his 0.04 btc deposit; I gave him a full refund nonetheless, asking him to tone it down; He takes the refund, looses it all again, makes above post.

Hello dear,

I thought I will stop here,but I see that you don't want to so,
Why to withdraw my money?
See that you do not really understand,this is my experience with this site,but I don't understand why you say provably!!
You don't say it,you say only fair or NOT fair not provably

I take the refund because I wanted to see if I'm right or not and the system is cheating.
When you play for free of course you will win,all systems are the same
For real money you don't know,but I play for 2 time,the chart was only DOWN,DOWN,DOWN and so.

it seems like you are new about provably fair? provably fair is actually a system that verify if a site is fair or not, in short words, you can verify a site is fair or not fair if the sites implement a provably fair system, if you think the site is not fair, you can check them since they implement provably fair system

here is some link where you can read them
http://provablyfair.org/

here are some quote about provably fair system from Rhavar and Oldmate

With a legitimate provably fair system implemented, it is impossible for the casino to cheat.

A provably fair system does not make it impossible for the casino to cheat, rather it makes it impossible for the casino to undetectably cheat.


and you can ask dooglus, a reputable member of this gambling board to check the site if you think the site is cheating

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Akche, Türkiye'nin Dijital Parası
──────────────────── 29 Ekim 2017
╔═ WHITE PAPER ═╗
▣╠══ BOUNTY ══╣▣
╚═  ANNTHREAD  ═╝
██
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MarkMJ
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March 20, 2015, 04:28:20 PM
 #328

See that you do not really understand,this is my experience with this site nothing more.
Now I know what is provably fair from provablyfair.org
Thank you very much for showing me about what is fair and what is not fair.  Shocked
Why to ask dooglus a reputable member of this gambling board to check the site if my experience with this site was bad?
So you think if the dooglus will play and he will win provably will I change my mind?
You already know the answer.


I'm RED and that's GOOD, i will never be GREEN and that's not BAD! there's no one i'd rather be than me.
shulio
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March 20, 2015, 04:44:18 PM
 #329

See that you do not really understand,this is my experience with this site nothing more.
Now I know what is provably fair from provablyfair.org
Thank you very much for showing me about what is fair and what is not fair.  Shocked
Why to ask dooglus a reputable member of this gambling board to check the site if my experience with this site was bad?
So you think if the dooglus will play and he will win provably will I change my mind?
You already know the answer.

Because you are acting like a 5 year old kid and just because you are losing on this site , you think that this site scam you while in fact you dont understand about what provably fair is, so you can ask someone that understant it better to actually verify if the site actually being fair or not


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MarkMJ
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March 20, 2015, 05:16:50 PM
 #330

Because you are acting like a 5 year old kid and just because you are losing on this site , you think that this site scam you while in fact you dont understand about what provably fair is, so you can ask someone that understant it better to actually verify if the site actually being fair or not

I acting like a 5 year old kid because I want to show my experience with this site?
NOT for losing that money but for losing 6 hours to show what is good and bad
And about provably fair,believe me it was a null lesson.
Stop reply me and I will stop posting here.


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March 20, 2015, 05:20:23 PM
 #331

Hi guys. I've been away from my desk for a bit and just found your comments. Will now read them carefully and post a reply as soon as I have ordered my thoughts on the matter.


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March 20, 2015, 05:29:09 PM
 #332

Stop reply me and I will stop posting here.

okay.

Hi guys. I've been away from my desk for a bit and just found your comments. Will now read them carefully and post a reply as soon as I have ordered my thoughts on the matter.

save your time, I think he finally understand it and it was his mistakes that he lost and he wanted to share his experience, he doesnt even know about provably fair, but it seems like now he do and he will stop posting about this

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Akche, Türkiye'nin Dijital Parası
──────────────────── 29 Ekim 2017
╔═ WHITE PAPER ═╗
▣╠══ BOUNTY ══╣▣
╚═  ANNTHREAD  ═╝
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March 20, 2015, 05:51:11 PM
 #333

We might currently be under some sort of ddos attack (traffic at 20x the normal rate). I'm going to take the site offline until the issue is resolved.

Nothing bad has happened, but as a precaution I'm gonna take the site offline for now. Anyone willing to withdraw can do so by posting to this thread, or emailing me at henry@fastslots.co.

I'm really sorry for the interruption of service.


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March 20, 2015, 06:54:45 PM
 #334

Ok, turns out all is well. I'm guessing the increase in traffic is due to this discussion here. Server is back up (with some design updates in fact). Will now reply to the discussion below.

Sorry for the interruption in service, I really try to be on the safe side in all things security related.


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March 20, 2015, 07:34:52 PM
 #335

Ok, have now read all the comments, and luckily almost everything relevant has been said already, so I'm not going to repeat it. Still I want to answer some of the posts.

save your time, I think he finally understand it and it was his mistakes that he lost and he wanted to share his experience, he doesnt even know about provably fair, but it seems like now he do and he will stop posting about this

This might be the best comment made so far. Thank you also for defending my position while I was away. I basically support everything you said.


Should not have given him anything. You are a reputable enough casino and people were standing up for you. All you had to do was stand up for yourself as well, but now you've shown that all people have to do is bitch after they lose and call you scam and you'll give their money back. This is gambling. The site is provably fair. They don't get a penny back!

Hey Droganson, thanks for your comment. Sorry to have missed it previously (thanks to MarkMJ for pointing that out). I guess you are right, I was trying to be too nice. I can say for the future that nobody will ever get a refund for accusing us. The reason I gave MarkMJ a refund was not because of the accusations, but because his first loosing streak (the one before the refund) was really quite brutal. To be clear: it was 100% fair, every single bet can be verified. But sometimes a loosing streak can just be very bad. We really try to treat all players well, evne if they get a bit emotional.

MarkMJ, I think we are both ready to let go of this topic. I think you had no bad intentions and can understand your anger after the loosing streak.


As Shulio has pointed out, I think the underlying issue might have to do with some misconceptions about the notions of provable fairness and house edge (had noticed that many people have issues with these concepts when reading a related discussion on Reddit). Will see if I can write up some blog posts to try to clarify.

One last point: So far I have been amazed by the people in this forum. The amount of support and high quality actionable advice I have received here is just amazing. Droganson's and Shulio's comments are great examples for this. I really appreciate the support and feedback and would really like to thank everybody for that.



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March 20, 2015, 10:04:49 PM
 #336


Our very first competition is about to come to an end. In exactly (well almost) 2 hours we will announce the winners. So far Somuchee and Lite are in a very good position, but if you get in a streak now, they'll have very little time to react!

Will be posting the final leaderboard in two hours and will update the winners accounts immediately after. Good luck everybody!


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March 20, 2015, 10:07:34 PM
 #337


Our very first competition is about to come to an end. In exactly (well almost) 2 hours we will announce the winners. So far Somuchee and Lite are in a very good position, but if you get in a streak now, they'll have very little time to react!

Will be posting the final leaderboard in two hours and will update the winners accounts immediately after. Good luck everybody!
I think I am going to have to pass, keep trying and could not hit a streak higher than 5. Not very lucky... Congrats to the winners

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March 20, 2015, 10:11:51 PM
 #338


Our very first competition is about to come to an end. In exactly (well almost) 2 hours we will announce the winners. So far Somuchee and Lite are in a very good position, but if you get in a streak now, they'll have very little time to react!

Will be posting the final leaderboard in two hours and will update the winners accounts immediately after. Good luck everybody!
I think I am going to have to pass, keep trying and could not hit a streak higher than 5. Not very lucky... Congrats to the winners

I'm not gonna lye, it is quite hard at this point. The chances of hitting such a streak in the next hand are at about 1 to 2^10 so thats under 1 to 1000. If you're feeling lucky you might want to give it a try but the only realistic option at this point is to use a very small bet size (min bet size to qualify is 0.00001btc).


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March 21, 2015, 02:19:03 AM
 #339

thx admin , received the winning for the competition  Wink
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March 21, 2015, 02:42:13 AM
 #340





thx admin , received the winning for the competition  Wink

Congratulations Somuchee! You are both our number 1 and number 2 winner! You win is well deserved :-)

More congratulations go out to user Lite who has made a very respectable 3. position. Please send me your FastSlots username by pm so that I can book your winnings.


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