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Author Topic: Satoshi Dice  (Read 948 times)
lafiamafia
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May 17, 2012, 11:34:52 AM
 #1

Have any of you guys played it before? It's really fun and I think that most newbies will like it since you can easily get more btc just from placing a few bets.

Satoshidice.com

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lafiamafia
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May 17, 2012, 12:34:18 PM
 #2

Well it really does depend on what bets you place. I usually just go for the 73% or 50%

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May 17, 2012, 04:32:46 PM
 #3

This is the best way to gamble ever.  It is like having a dollar in your hand and being able to double it or lose it repeatedly.  There are no other ways to gamble I can think of that don't require making an account or visiting a gambling location.
SkRRJyTC
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May 17, 2012, 04:40:44 PM
 #4

This is the best way to gamble ever.  It is like having a dollar in your hand and being able to double it or lose it repeatedly.  There are no other ways to gamble I can think of that don't require making an account or visiting a gambling location.

+1  SatoshiDice has a good shot at being Bitcoin's first killer app.
Blazr
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May 17, 2012, 04:51:45 PM
 #5

Apparently Satoshi Dice accounts for 22% of the Blockchain from when it started.

Busy ATM.
wildemagic
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May 18, 2012, 02:34:15 PM
 #6

Apparently Satoshi Dice accounts for 22% of the Blockchain from when it started.

I can believe that, I certainly added to that percentage after I found out about the site.

kind regards

.,-._|\     Offgrid 1.7kW Solar and 3G wireless internet powering my mining rig.
/ .Oz. \
\_,--.x/     [219.5btc of successful trades total] with : rastapool, miernik, flatronw & OneFixt
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evoorhees
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May 19, 2012, 01:39:40 AM
 #7

Hi all,

Very glad you like the game, I'm the owner. We've been working hard to make the response time faster, so I apolgize if there have been any delays thus far. Our target is for payments to occur within 30 seconds of placing them.

And currently, SatoshiDice represents more than half of all Bitcoin transactions. Check out the chart, you can see about one month ago when SatoshiDice was released: http://blockchain.info/charts/n-transactions

Pretty ridiculous!

Thus far, the site has actually lost me a bit of money, just from random variance in bet winnings. So the average player has made money Wink
ribuck
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May 22, 2012, 10:51:25 AM
 #8

Thus far, the site has actually lost me a bit of money, just from random variance in bet winnings.
Maybe it's not due to random variance, because there is one thing that is not random: the per-play limit is dynamic and algorithmic. As such, it may be exploitable.

Any time the house has a big loss, the per-play limit is immediately reduced. So there's not so much chance for the house to have a big win on the next bet. In the long run, maybe the house's "big losses" are bigger than its "big wins".

I'm not sure how this interacts with players' typical betting strategies. But it's definitely worth increasing your working capital to the point where you can offer a stable maximum stake, before you decide that your losses are due to random variance.
ilovethisshit
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May 22, 2012, 04:26:43 PM
 #9

never heard of it
bigbeninlondon
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May 22, 2012, 05:00:53 PM
 #10

Good fun! 
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