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Author Topic: SafeDICE.com ★ Bitcoin Dice ★ Monero ★ 0.5% Edge ★ Fast Cashout ★ Since 2014  (Read 255823 times)
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November 22, 2014, 02:25:44 PM
 #21

No faucet makes me sad Sad

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November 22, 2014, 02:26:56 PM
 #22

No faucet makes me sad Sad

WHY NO FAUCET ?

Here's the answer  Cool

https://bitcointalk.org/index.php?topic=855394.msg9609887#msg9609887

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November 22, 2014, 02:38:06 PM
 #23


The lower house edge should be more effective than faucet in attracting "real bettors" to the site. Smiley

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November 22, 2014, 04:43:34 PM
 #24

"By using Variable House Edge, the site is able to manage a safe "Kelly Criterion" and avoid the variance caused by the low House Edge. Keep in mind that a game with 0.5% HE and a 0.25% Max Win Ratio is much safer for the investor compared to a game with 1.5% HE and 1% Max Win Ratio."

I am not entirely sure wether what you mention on your website is 100% accurate. Using the Kelly Criterion ( f^{*} = p - q ) for even money bets, the maximum bet with 0.5% HE should be 0.5%. It makes sence that you guys took a less aggressive approach and let people wager half of what Kelly suggests. On a game with 1.5% HE on the other hand you let people bet two thirds of what the formula suggests. Hence taking a more aggressive approach.
I don't see how a game with 0.5% HE and a 0.25% Max Win Ratio is safer for the investor than a game with 1.5% HE and 1% Max Win Ratio. Am i missing something?

Yes Criterion, those are only example, so that people understand 0.5% H.E. can still be safe with the right formula Cheesy. If a player is using 1.5% H.E., that means he is betting 0.75% of the bankroll. Sorry for the confusion, we'll edit the information on the next update.

By the way, does kelly criterion has anything to do with your username? Cheesy

It actually refers to "Criterion Games".
It's just a weird coincidence  Tongue

I feel curious and googled it, is it this one? https://en.wikipedia.org/wiki/Criterion_Games


The lower house edge should be more effective than faucet in attracting "real bettors" to the site. Smiley

Exactly. Feel free to test it out Cheesy

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November 22, 2014, 04:57:54 PM
 #25


  • Investment feature is removed for new players.


luckily i am one of the first players so i still have invest option on my account Smiley
Investing in dice sites can be very risky as you will need to trust the owner of the site to not only not run away with the bankroll but also not to bet against the bankroll themselves (with advance information about if a bet will be a winner or not).

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SafeDice
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November 22, 2014, 05:00:15 PM
 #26

Here's a suggestion: as I hit 'w' and 's', remember the last thing I set the payout to, and each time, set the payout as close to that as you can. Think of it as my "target" payout multiplier. Currently if I hit 'w' a few times, the payout drifts away from 2 to 1.999xxx, but then when I hit 's' and get back to my starting bet, the payout doesn't change back to 2, even though it could.

We have just implemented your suggestion Doog. Thank you again!
Previously you also mentioned about transaction history not being updated until you refresh the page, it is automatically updated now Smiley


  • Investment feature is removed for new players.


luckily i am one of the first players so i still have invest option on my account Smiley
Investing in dice sites can be very risky as you will need to trust the owner of the site to not only not run away with the bankroll but also not to bet against the bankroll themselves (with advance information about if a bet will be a winner or not).

Seems like no matter how many times we say that we will be different. We can't run from this judgment because the act of our predecessor.

So instead of arguing, I'll try to be as objective as possible here and putting myself in the investor's shoes (I was an investor too). If I were the investor, I'll try to answer these question first before deciding to invest: 1. Looking at the site, is it financially worth it for the owner to do that? (check the bankroll amount, site's quality, and using your intuition try to estimate the site's potential future revenue),  2. Looking at the site's owner behavior, do you think you can trust them?, 3. Look at the site's past performance and guess the future investment profit and site's growth, 4. From the answer of question (1), (2) and (3) decide how much trust in term of coin you think worth investing.

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November 22, 2014, 06:44:10 PM
 #27

Could we get a confirmation from Sam.Walton that this is infact the new official thread? Thanks.

Build a better world.
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November 22, 2014, 07:44:30 PM
 #28

Could we get a confirmation from Sam.Walton that this is infact the new official thread? Thanks.

The other thread was closed. The only one who could do that is the creator of the previous thread, which is Sam.Walton

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November 22, 2014, 07:50:25 PM
 #29

Could we get a confirmation from Sam.Walton that this is infact the new official thread? Thanks.

User 'admin' on the site chat explains why they made a new thread, so I think we can assume it's legit:



I tried investing the 0.11 BTC in my account.

After I hit 'invest all' with a balance of exactly 0.11 BTC, my investment went to 0.10999999:



Then I hit 'divest all':



The numbers don't add up properly. Why did 'divest all' leave a satoshi invested?

Nobody was playing at the time, so it's not that.

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November 22, 2014, 08:32:45 PM
 #30


Nobody was playing at the time, so it's not that.

i think refresh could help to resolve the problem. I've experienced that also but when i refreshed it works
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November 22, 2014, 11:11:35 PM
 #31

I have a problem here
check: http://s11.postimg.org/ntvtax9nn/ttttthf.png

I played x10 and payout was 9.62 i hit 0.033 x 9.62 i think i should get 0.31746 not 0.2845
so what wrong with that
dooglus can you check please ?


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November 22, 2014, 11:28:32 PM
 #32

I have a problem here
check: http://s11.postimg.org/ntvtax9nn/ttttthf.png

I played x10 and payout was 9.62 i hit 0.033 x 9.62 i think i should get 0.31746 not 0.2845
so what wrong with that
dooglus can you check please ?

Dooglus doesn't need to check. It's correct.
The payout is 9.62 x 0.033, so your profit is 8.62 x 0.033
It's exactely like primedice.

Edit:
Look for example at a previous bet. When you bet 0.0001 at x1.99, where you surprised that the profit was 0.0000099?
It clearly says 'profit' and not 'payout'

Where to gamble with your BTC?  Visit my     thread        or        website
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November 22, 2014, 11:45:35 PM
 #33

I have a problem here
check: http://s11.postimg.org/ntvtax9nn/ttttthf.png

I played x10 and payout was 9.62 i hit 0.033 x 9.62 i think i should get 0.31746 not 0.2845
so what wrong with that
dooglus can you check please ?

the house edge changes, its one of the features of the site. If your base bet is big it changes while if you bet lower your house edge is %.50. you can look at it at the site and its also written in the previous thread
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November 22, 2014, 11:47:29 PM
 #34

I have a problem here
check: http://s11.postimg.org/ntvtax9nn/ttttthf.png

I played x10 and payout was 9.62 i hit 0.033 x 9.62 i think i should get 0.31746 not 0.2845
so what wrong with that
dooglus can you check please ?

the house edge changes, its one of the features of the site. If your base bet is big it changes while if you bet lower your house edge is %.50. you can look at it at the site and its also written in the previous thread
No, that has nothing to do with it. The house edge is already included in the payout.
Check my previous post for the explenation.

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November 23, 2014, 12:00:52 AM
 #35

Considering you are very new, you might want to offer some sort of freebies for the users...

Also so many new investment site opening after Dice.Ninja fell... Good idea for you?
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November 23, 2014, 12:03:35 AM
 #36

Considering you are very new, you might want to offer some sort of freebies for the users...

Also so many new investment site opening after Dice.Ninja fell... Good idea for you?

they closed the investment feature but lucky for us who registered first, we still have it Tongue
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November 23, 2014, 12:38:36 AM
 #37

Not fair then.
why i would play in safebits with such system if there is prc and better one ?


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November 23, 2014, 01:08:50 AM
 #38

Not fair then.
why i would play in safebits with such system if there is prc and better one ?
PRC is very ugly (sorry to say)

I like design on this, but NO Faucet
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November 23, 2014, 01:11:21 AM
 #39

Not fair then.
why i would play in safebits with such system if there is prc and better one ?
PRC is very ugly (sorry to say)

I like design on this, but NO Faucet
at least when i win a bet i got it. not cut 0.04 from my winning i was down 0.7 btw


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November 23, 2014, 02:55:37 AM
 #40

I have a problem here
check:

http://s11.postimg.org/ntvtax9nn/ttttthf.png
I played x10 and payout was 9.62 i hit 0.033 x 9.62 i think i should get 0.31746 not 0.2845
so what wrong with that
dooglus can you check please ?


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