[ANN] SafeDice.com - 0.5% Variable House Edge

[dooglus]

I saw this bet " 22150   rexxludi   69.0709   < 88.3929   0.13430087   1.10 ×   0.01307730 "

I think there is a problem because if 1.10x the target must be 89.9999 ? right ?

Ok, so the house she was high on this one but still, 0.13430087 times 0.10 isn't 0.01307730! You're off by a few percent.

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[Sam.Walton]

I saw this bet " 22150   rexxludi   69.0709   < 88.3929   0.13430087   1.10 ×   0.01307730 "

I think there is a problem because if 1.10x the target must be 89.9999 ? right ?

Ok, so the house she was high on this one but still, 0.13430087 times 0.10 isn't 0.01307730! You're off by a few percent.

Hi Dooglus, because it shouldn't be 1.1 payout, it is actually 1.09737321 you can test this is right by multiplying the payout and the win chance

The payout shown in the bet box when the bet was made will be 1.09.. and the payout shown in the bet details is also 1.09.. It is only sown 1.10 in the log table because it is rounded to two decimals digit for simplicity.

We will modify the payout in the log table to show the actual number in the next update.

[fangj1n]

     
            Why the website can't open?

[dooglus]

Why the website can't open?

How many chickens does it take to cross the road?

[fangj1n]

    I used the VPN also won't open.

[Sam.Walton]

Every time I try to type 1.1 in the payout field, it turns to 1.02061856 automatically and I can't modify it, that is, when I was trying to delete 6, it won't let me do it.

Anyone else experiencing this? I'm using safari.

This is what I'm experiencing too, seems it's not fixed yet.

I've typed "0.00000010" into the stake box, and am trying to type "1000" into the payout box. As soon as I hit the "1", the payout box changes to "1.02061856". I don't know why.

Hi nothingnew, thank you for the inputs, we will fix this as soon as possible.

And thank dooglus for testing the site, as a  new site in this industry, we are so grateful

Hi nothingnew, all glitches in the stake box should be fixed by now, thank you for the input again and sorry for the inconvenience.

    I used the VPN also won't open.

Hi fangj1n, can you please describe how does the site not opened? Do you sawCloudFlare's verification? Or it just doesn't showed at all?
Except you just very (un)lucky to access the site while we are updating it, everything should be fine

[LOBSTER]

Nice site, nice design! Hope you aren't T04D or so.

[Holderbert]

Nice site, surpisingly awsome design. You guys really did put some effort into this project 
Good Luck!

[Splatters]

Do you accept only BTC or are you going to add other crypto?
Btw nice disign I like colors and background

[Sam.Walton]

Nice site, nice design! Hope you aren't T04D or so.

Umm, if we were him, we'd rather continuing the site rather than close the site and start from scratch  

Nice site, surpisingly awsome design. You guys really did put some effort into this project  
Good Luck!

Do you accept only BTC or are you going to add other crypto?
Btw nice disign I like colors and background

Thanks guys! Happy to hear that... Yes, we developed the site to be ready for other crypto. But we would like to focus on BTC first, getting stable before we go with other currencies. Just like what JD did before launching Doge Dice

[elephantas1]

Max win is 0.05247555 ?? thats one of the smallest ive ever seen you should make it bigger asap

[marcotheminer]

Max win is 0.05247555 ?? thats one of the smallest ive ever seen you should make it bigger asap

The bankroll of the site determines this amount. The more there is invested the greater the 0.5% portion of the bankroll that can be risked per bet.

[cheekychap]

Nice to see that the site isn't exactly a prime dice clone. What percentage of the bankroll is the max bet?

[Sam.Walton]

Nice to see that the site isn't exactly a prime dice clone. What percentage of the bankroll is the max bet?

Max win is 0.05247555 ?? thats one of the smallest ive ever seen you should make it bigger asap

By default, the house edge is 1% and the max win if 0.5% of the bankroll, but the house edge and max win are floated.

On the high bets tab, you can see this bet https://safedice.com/bet/33843 , the player-160 bet 0.15830207 BTC for a 1.95959596 payout, that's because when the max win is bigger than 0.5% of the bankroll, the house edge floated accordingly.

Currently, the house edge is capped at 3%, and we'll lift it to unlimited very soon, that means you can take away the whole bankroll with a single bet under a high house edge, stay tuned guys!

And thanks to dooglus again for the great advices:)

[dooglus]

Currently, the house edge is capped at 3%, and we'll lift it to unlimited very soon, that means you can take away the whole bankroll with a single bet under a high house edge, stay tuned guys!

I don't think so:

You can win 0.5% of the bank with a 1% edge,
Win 1% of the bank with a 2% edge, etc.

So to win 100% of the bank, the house edge would need to be 200%.

percentage_chance_to_win = (100 - house_edge_percent) / payout_multiplier

If the house edge goes bigger than 100%, the player's chance to win goes negative...

So the most you can let a player win in a single bet is 49.99% of the bankroll.

At that point, supposing they want to double their money, their chance to do so is (100 - 99.98) / 2 = 0.02/2 = 0.01%.

So that's a one-in-ten-thousand chance of doubling their money.

In other words, there's a point at which it becomes silly, and the player would be better off just using a site with a bigger bankroll...

[Sam.Walton]

Currently, the house edge is capped at 3%, and we'll lift it to unlimited very soon, that means you can take away the whole bankroll with a single bet under a high house edge, stay tuned guys!

I don't think so:

You can win 0.5% of the bank with a 1% edge,
Win 1% of the bank with a 2% edge, etc.

So to win 100% of the bank, the house edge would need to be 200%.

percentage_chance_to_win = (100 - house_edge_percent) / payout_multiplier

If the house edge goes bigger than 100%, the player's chance to win goes negative...

So the most you can let a player win in a single bet is 49.99% of the bankroll.

At that point, supposing they want to double their money, their chance to do so is (100 - 99.98) / 2 = 0.02/2 = 0.01%.

So that's a one-in-ten-thousand chance of doubling their money.

In other words, there's a point at which it becomes silly, and the player would be better off just using a site with a bigger bankroll...

Sorry for I didn't think it clearly enough. Yes for a default of 0.5% max win with a 1% edge, it's impossible for a player to take the bankroll through a single bet, it only happens when the max win is 1% of bankroll under 1% edge. But the chance is just too tiny which is like a jackpot

[dooglus]

Sorry for I didn't think it clearly enough. Yes for a default of 0.5% max win with a 1% edge, it's impossible for a player to take the bankroll through a single bet, it only happens when the max win is 1% of bankroll under 1% edge. But the chance is just too tiny which is like a jackpot

Will you be allowing investors to specify the maximum percentage of their investment that they are prepared to risk on a single roll?

It's possible that some of them wouldn't want to risk 50% of their coins on a single roll no matter how high the house edge was.

[LOBSTER]

Sorry for I didn't think it clearly enough. Yes for a default of 0.5% max win with a 1% edge, it's impossible for a player to take the bankroll through a single bet, it only happens when the max win is 1% of bankroll under 1% edge. But the chance is just too tiny which is like a jackpot

Will you be allowing investors to specify the maximum percentage of their investment that they are prepared to risk on a single roll?

It's possible that some of them wouldn't want to risk 50% of their coins on a single roll no matter how high the house edge was.

That would be a great feature!!!

[Sam.Walton]

Sorry for I didn't think it clearly enough. Yes for a default of 0.5% max win with a 1% edge, it's impossible for a player to take the bankroll through a single bet, it only happens when the max win is 1% of bankroll under 1% edge. But the chance is just too tiny which is like a jackpot

Will you be allowing investors to specify the maximum percentage of their investment that they are prepared to risk on a single roll?

It's possible that some of them wouldn't want to risk 50% of their coins on a single roll no matter how high the house edge was.

We don't think so Doog, it would be complicated. It's also doesn't make sense if a player bet on a super high HE, just as you said, in that case they'd be better off betting on another site with higher BR.

So, our current idea is to cap the HE between 0.5% to 10%, depends on their profit on win / bankroll ratio (we'd like to keep it at half kelly). Do you think this would be a good idea?

Another thing to consider is that the site will be deciding a bet's HE in real time, so if there's an invest/divestment when the bet request is sent from the client to the server, there might be a slight difference between the HE shown on the client and the server's calculation.

And Doog, if you have the time, would you be interested to test this new feature when it is finished, but before it launches to the public?

[KaozTiposta]

And Doog, if you have the time, would you be interested to test this new feature when it is finished, but before it launches to the public?

Everytime same thing is happenning. I can imagine after this:

Sam.Walton :  Doog tested our site, we are trustable, good, fair, we won't run with investors money when reach to xxx btc. Come to us!

And then one night run away. Simple.

UI is good but isn't giving any confidence. Maybe it's just a hoodwink? I don't like your anonymity.