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Author Topic: BetKing.io - 20% Rakeback Christmas Bonus - Most trusted Bitcoin Dice site  (Read 161475 times)
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January 29, 2015, 07:24:29 PM
 #181

super fast betting going on ;-)

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January 29, 2015, 07:39:22 PM
 #182

1gal strikes again~

I'm trying to become a member on bitcointalk forum and hope anyone that is following or like reading reviews and/or watching others gamble their money away, be sure to check out this latest video I just uploaded.

https://www.youtube.com/watch?v=OqkPIwNPebI


Ps here is my profit chart from playing on PocketRocketCasino if video is TL;DW (Too Long, didn't watch)
http://i.imgur.com/lrVlh49.png
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January 31, 2015, 10:17:25 PM
 #183


Nice promo. I wasn't aware of it, thanks for sharing.



Terms:
- Only one claim per twitter account
- Must have 30 followers or more
- Must wager at least 1 Bitcoin before you can withdraw the free Bitcoin
- Any winnings can be withdrawn at any time
- Twitter account must be more than one week old.

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February 03, 2015, 05:10:44 PM
 #184

Working with NLNico we have made it easier to verify your bets.

On the provably fair tab there is now a button that says click to verify.
After you generate a new seed and click that button you will be taken to http://dicesites.com/pocketrocketscasino/verifier but all the fields will be filled in with your seed data and results shown to you right away.

So no need to copy paste all separately. Also copy and pasting is made easier now in case you wish to send the data to another verifier or a friend.


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February 04, 2015, 02:32:05 PM
 #185

New Lottery Game:
Just added a provably fair lottery game. Choose 6,7,8 or 9 numbers out of 49.
Jackpot for 6 numbers currently at 10 Bitcoin. Prizes for 3,4 and 5 numbers also.
Draw will happen daily at 9pm GMT.
Tickets can be purchased up until 10 minutes before the draw.
Shortly after the draw winners will be paid and the secret revealed so you can verify the results.



Play now at https://pocketrocketscasino.eu/#lottery

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February 04, 2015, 03:29:25 PM
 #186

New Lottery Game:
Just added a provably fair lottery game. Choose 6,7,8 or 9 numbers out of 49.
Jackpot for 6 numbers currently at 10 Bitcoin. Prizes for 3,4 and 5 numbers also.
Draw will happen daily at 9pm GMT.
Tickets can be purchased up until 10 minutes before the draw.
Shortly after the draw winners will be paid and the secret revealed so you can verify the results.



Play now at https://pocketrocketscasino.eu/#lottery

That's new. Good idea, I may give it a try.

Are the prizes paid from investors' funds/profits go to investors? Or is it independent from bankroll?

Will the wins/losses be included in players' stats and are the tickets bought included in referral system?

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February 04, 2015, 03:34:41 PM
 #187

New Lottery Game:
Just added a provably fair lottery game. Choose 6,7,8 or 9 numbers out of 49.
Jackpot for 6 numbers currently at 10 Bitcoin. Prizes for 3,4 and 5 numbers also.
Draw will happen daily at 9pm GMT.
Tickets can be purchased up until 10 minutes before the draw.
Shortly after the draw winners will be paid and the secret revealed so you can verify the results.



Play now at https://pocketrocketscasino.eu/#lottery

That's new. Good idea, I may give it a try.

Are the prizes paid from investors' funds/profits go to investors? Or is it independent from bankroll?

Will the wins/losses be included in players' stats and are the tickets bought included in referral system?

Thanks.

Currently the prize is from PRC not investors. If there's enough interest (players playing) and investor interest I may open up to investors.
I just wanted to test the idea first.
After the first draw you will see a results panel for wins and losses but it's not part of your stats that show on dice. You will also see previous draws and be able to verify the results.
I think each game (including new ones) will have independent stats and then I'll add some sort of global stats page for a user.
Currently no referral for lottery. I would need to think of best way to do this.



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February 04, 2015, 07:58:06 PM
 #188

New Lottery Game:
Just added a provably fair lottery game. Choose 6,7,8 or 9 numbers out of 49.
Jackpot for 6 numbers currently at 10 Bitcoin. Prizes for 3,4 and 5 numbers also.
Draw will happen daily at 9pm GMT.
Tickets can be purchased up until 10 minutes before the draw.
Shortly after the draw winners will be paid and the secret revealed so you can verify the results.



Play now at https://pocketrocketscasino.eu/#lottery

So when choosing 9 numbers out of 49 and getting 7,8 or 9 correct, I'm awarded the 10 BTC jackpot that I would've gotten for just 6. Is that correct?
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February 04, 2015, 08:00:19 PM
 #189

New Lottery Game:
Just added a provably fair lottery game. Choose 6,7,8 or 9 numbers out of 49.
Jackpot for 6 numbers currently at 10 Bitcoin. Prizes for 3,4 and 5 numbers also.
Draw will happen daily at 9pm GMT.
Tickets can be purchased up until 10 minutes before the draw.
Shortly after the draw winners will be paid and the secret revealed so you can verify the results.



Play now at https://pocketrocketscasino.eu/#lottery

So when choosing 9 numbers out of 49 and getting 7,8 or 9 correct, I'm awarded the 10 BTC jackpot that I would've gotten for just 6. Is that correct?

No. You can't match 7 8 or 9 as only 6 numbers are drawn. So you have more numbers to try and match 6. Better odds.

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February 04, 2015, 08:37:45 PM
 #190

No. You can't match 7 8 or 9 as only 6 numbers are drawn. So you have more numbers to try and match 6. Better odds.

Thanks for the clarification. I just did the math and got house edges ranging from 59.2157% to 99.0733%. Shocked

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February 04, 2015, 08:47:40 PM
 #191

No. You can't match 7 8 or 9 as only 6 numbers are drawn. So you have more numbers to try and match 6. Better odds.

Thanks for the clarification. I just did the math and got house edges ranging from 59.2157% to 99.0733%. Shocked



This was something we discussed in the chat and is now being reviewed. Prizes and ticket price may be updated. Or the format may change.

I assumed that anyone playing the 7,8,9 ball game would only do so to try and have more chance of hitting jackpot.

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February 04, 2015, 08:54:47 PM
 #192

I assumed that anyone playing the 7,8,9 ball game would only do so to try and have more chance of hitting jackpot.

They do, but you charge 30x as much for someone to have a 7x chance of winning it. The numbers don't really make any sense Tongue

Removed the 7,8,9 ball options and come up with a better price/prize.

It was not meant for or expected any seasoned gamblers to try and play. It was a little fun since people kept asking for a lotto in chat.
I'll change it tonight.

First draw had one winner though Smiley

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February 04, 2015, 09:43:01 PM
 #193

I assumed that anyone playing the 7,8,9 ball game would only do so to try and have more chance of hitting jackpot.

They do, but you charge 30x as much for someone to have a 7x chance of winning it. The numbers don't really make any sense Tongue

Removed the 7,8,9 ball options and come up with a better price/prize.

It was not meant for or expected any seasoned gamblers to try and play. It was a little fun since people kept asking for a lotto in chat.
I'll change it tonight.

First draw had one winner though Smiley

I checked the math, and it seems fine. Here are my numbers, along with the price per ticket you need to charge to have a 1% edge:

Quote
pick 6 at 0.001000 per bet; chances of hitting 3: 1.765040% 4: 0.096862% 5: 0.001845% 6: 0.000007% payout: 0.4078 edge 59.216%
pick 6 at 0.000412 per bet; chances of hitting 3: 1.765040% 4: 0.096862% 5: 0.001845% 6: 0.000007% payout: 0.9899 edge  1.009%
pick 6 at 0.000411 per bet; chances of hitting 3: 1.765040% 4: 0.096862% 5: 0.001845% 6: 0.000007% payout: 0.9923 edge  0.768%

pick 7 at 0.030000 per bet; chances of hitting 3: 2.873322% 4: 0.215499% 5: 0.006307% 6: 0.000050% payout: 0.0283 edge 97.168%
pick 7 at 0.000859 per bet; chances of hitting 3: 2.873322% 4: 0.215499% 5: 0.006307% 6: 0.000050% payout: 0.9889 edge  1.108%
pick 7 at 0.000858 per bet; chances of hitting 3: 2.873322% 4: 0.215499% 5: 0.006307% 6: 0.000050% payout: 0.9901 edge  0.993%

pick 8 at 0.100000 per bet; chances of hitting 3: 4.268935% 4: 0.410475% 5: 0.016419% 6: 0.000200% payout: 0.0160 edge 98.404%
pick 8 at 0.001613 per bet; chances of hitting 3: 4.268935% 4: 0.410475% 5: 0.016419% 6: 0.000200% payout: 0.9896 edge  1.039%
pick 8 at 0.001612 per bet; chances of hitting 3: 4.268935% 4: 0.410475% 5: 0.016419% 6: 0.000200% payout: 0.9902 edge  0.977%

pick 9 at 0.300000 per bet; chances of hitting 3: 5.934861% 4: 0.702812% 5: 0.036042% 6: 0.000601% payout: 0.0093 edge 99.073%
pick 9 at 0.002809 per bet; chances of hitting 3: 5.934861% 4: 0.702812% 5: 0.036042% 6: 0.000601% payout: 0.9897 edge  1.032%
pick 9 at 0.002808 per bet; chances of hitting 3: 5.934861% 4: 0.702812% 5: 0.036042% 6: 0.000601% payout: 0.9900 edge  0.997%

It's good of you to remove the 97%, 98%, and 99% house edge games, but you're still running the 59% edge 6-pick game. 59% is really excessive for a house edge. Players would be better of playing the state lottery.

Also, what do you do if multiple people match 6 numbers? If you share the 10 BTC prize between them then the house edge is even higher than 59%.

Edit: also note that if you are sharing the 10 BTC jackpot between winning players then the game isn't provably fair either. The house knows which numbers will win and can play them to reduce the amount it has to pay out to real winners.

Just-Dice                 ██             
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   1% House Edge
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February 04, 2015, 09:52:22 PM
 #194

I assumed that anyone playing the 7,8,9 ball game would only do so to try and have more chance of hitting jackpot.

They do, but you charge 30x as much for someone to have a 7x chance of winning it. The numbers don't really make any sense Tongue

Removed the 7,8,9 ball options and come up with a better price/prize.

It was not meant for or expected any seasoned gamblers to try and play. It was a little fun since people kept asking for a lotto in chat.
I'll change it tonight.

First draw had one winner though Smiley

I checked the math, and it seems fine. Here are my numbers, along with the price per ticket you need to charge to have a 1% edge:

Quote
pick 6 at 0.001000 per bet; chances of hitting 3: 1.765040% 4: 0.096862% 5: 0.001845% 6: 0.000007% payout: 0.4078 edge 59.216%
pick 6 at 0.000412 per bet; chances of hitting 3: 1.765040% 4: 0.096862% 5: 0.001845% 6: 0.000007% payout: 0.9899 edge  1.009%
pick 6 at 0.000411 per bet; chances of hitting 3: 1.765040% 4: 0.096862% 5: 0.001845% 6: 0.000007% payout: 0.9923 edge  0.768%

pick 7 at 0.030000 per bet; chances of hitting 3: 2.873322% 4: 0.215499% 5: 0.006307% 6: 0.000050% payout: 0.0283 edge 97.168%
pick 7 at 0.000859 per bet; chances of hitting 3: 2.873322% 4: 0.215499% 5: 0.006307% 6: 0.000050% payout: 0.9889 edge  1.108%
pick 7 at 0.000858 per bet; chances of hitting 3: 2.873322% 4: 0.215499% 5: 0.006307% 6: 0.000050% payout: 0.9901 edge  0.993%

pick 8 at 0.100000 per bet; chances of hitting 3: 4.268935% 4: 0.410475% 5: 0.016419% 6: 0.000200% payout: 0.0160 edge 98.404%
pick 8 at 0.001613 per bet; chances of hitting 3: 4.268935% 4: 0.410475% 5: 0.016419% 6: 0.000200% payout: 0.9896 edge  1.039%
pick 8 at 0.001612 per bet; chances of hitting 3: 4.268935% 4: 0.410475% 5: 0.016419% 6: 0.000200% payout: 0.9902 edge  0.977%

pick 9 at 0.300000 per bet; chances of hitting 3: 5.934861% 4: 0.702812% 5: 0.036042% 6: 0.000601% payout: 0.0093 edge 99.073%
pick 9 at 0.002809 per bet; chances of hitting 3: 5.934861% 4: 0.702812% 5: 0.036042% 6: 0.000601% payout: 0.9897 edge  1.032%
pick 9 at 0.002808 per bet; chances of hitting 3: 5.934861% 4: 0.702812% 5: 0.036042% 6: 0.000601% payout: 0.9900 edge  0.997%

It's good of you to remove the 97%, 98%, and 99% house edge games, but you're still running the 59% edge 6-pick game. 59% is really excessive for a house edge. Players would be better of playing the state lottery.

Also, what do you do if multiple people match 6 numbers? If you share the 10 BTC prize between them then the house edge is even higher than 59%.

Edit: also note that if you are sharing the 10 BTC jackpot between winning players then the game isn't provably fair either. The house knows which numbers will win and can play them to reduce the amount it has to pay out to real winners.

Yeah just chatting on site about this and it's still far too high for even the normal 6 numbers game. So I have taken that off too for now.

It was intended as a little side game for fun as people mentioned it in chat (though using dice rolls to pick numbers etc) but there was an error in my edge calculation making it not too fair.

I'll modify it tonight to have less edge.

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February 05, 2015, 12:58:33 AM
 #195

Modified the lottery game.

Prizes are now:
6 numbers = 10 Bitcoin
5 numbers = 2 Bitcoin
4 numbers = 0.52 Bitcoin (increased)
3 numbers = 0.02 Bitcoin (increased)

The ticket prices for 7,8 and 9 ball games are now all much smaller.
6 balls = 0.001 Bitcoin
7 balls = 0.00204 Bitcoin
8 balls = 0.00373 Bitcoin
9 balls = 0.0063 Bitcoin


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February 05, 2015, 06:50:28 AM
 #196

glad to see innovations dean. keep up the honesty/integrity and hard work and you'll have the best site out there sooner or later.

BTC Peerbet.org BTC Gamble with BTC/LTC/NMC/PPC/FTC/XPM/DOGE! BTC DICE WHEEL GAMBLE BTC
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February 05, 2015, 07:26:28 AM
 #197

Modified the lottery game.

Prizes are now:
6 numbers = 10 Bitcoin
5 numbers = 2 Bitcoin
4 numbers = 0.52 Bitcoin (increased)
3 numbers = 0.02 Bitcoin (increased)

The ticket prices for 7,8 and 9 ball games are now all much smaller.
6 balls = 0.001 Bitcoin
7 balls = 0.00204 Bitcoin
8 balls = 0.00373 Bitcoin
9 balls = 0.0063 Bitcoin

Now I get a little over 10% house edge for each game, assuming that the 10 BTC prize isn't shared, and even higher if it is shared.

Quote
pick 6 at 0.001000 per bet; chances of hitting 3: 1.765040% 4: 0.096862% 5: 0.001845% 6: 0.000007% payout per unit bet: 0.8943 edge 10.569%
pick 7 at 0.002040 per bet; chances of hitting 3: 2.873322% 4: 0.215499% 5: 0.006307% 6: 0.000050% payout per unit bet: 0.8953 edge 10.470%
pick 8 at 0.003730 per bet; chances of hitting 3: 4.268935% 4: 0.410475% 5: 0.016419% 6: 0.000200% payout per unit bet: 0.8945 edge 10.545%
pick 9 at 0.006300 per bet; chances of hitting 3: 5.934861% 4: 0.702812% 5: 0.036042% 6: 0.000601% payout per unit bet: 0.8925 edge 10.754%

Do you get the same?

And is the 10 BTC 'jackpot' shared between winners if multiple people hit it?

Just-Dice                 ██             
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February 05, 2015, 10:57:42 AM
 #198

Now I get a little over 10% house edge for each game, assuming that the 10 BTC prize isn't shared, and even higher if it is shared.

Quote
pick 6 at 0.001000 per bet; chances of hitting 3: 1.765040% 4: 0.096862% 5: 0.001845% 6: 0.000007% payout per unit bet: 0.8943 edge 10.569%
pick 7 at 0.002040 per bet; chances of hitting 3: 2.873322% 4: 0.215499% 5: 0.006307% 6: 0.000050% payout per unit bet: 0.8953 edge 10.470%
pick 8 at 0.003730 per bet; chances of hitting 3: 4.268935% 4: 0.410475% 5: 0.016419% 6: 0.000200% payout per unit bet: 0.8945 edge 10.545%
pick 9 at 0.006300 per bet; chances of hitting 3: 5.934861% 4: 0.702812% 5: 0.036042% 6: 0.000601% payout per unit bet: 0.8925 edge 10.754%

Do you get the same?

Yes I get the same numbers if the jackpot wasn't split:
  10.569475%, 10.470033%, 10.545384%, 10.753974%
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February 05, 2015, 11:07:35 AM
 #199

Modified the lottery game.

Prizes are now:
6 numbers = 10 Bitcoin
5 numbers = 2 Bitcoin
4 numbers = 0.52 Bitcoin (increased)
3 numbers = 0.02 Bitcoin (increased)

The ticket prices for 7,8 and 9 ball games are now all much smaller.
6 balls = 0.001 Bitcoin
7 balls = 0.00204 Bitcoin
8 balls = 0.00373 Bitcoin
9 balls = 0.0063 Bitcoin

Now I get a little over 10% house edge for each game, assuming that the 10 BTC prize isn't shared, and even higher if it is shared.

Quote
pick 6 at 0.001000 per bet; chances of hitting 3: 1.765040% 4: 0.096862% 5: 0.001845% 6: 0.000007% payout per unit bet: 0.8943 edge 10.569%
pick 7 at 0.002040 per bet; chances of hitting 3: 2.873322% 4: 0.215499% 5: 0.006307% 6: 0.000050% payout per unit bet: 0.8953 edge 10.470%
pick 8 at 0.003730 per bet; chances of hitting 3: 4.268935% 4: 0.410475% 5: 0.016419% 6: 0.000200% payout per unit bet: 0.8945 edge 10.545%
pick 9 at 0.006300 per bet; chances of hitting 3: 5.934861% 4: 0.702812% 5: 0.036042% 6: 0.000601% payout per unit bet: 0.8925 edge 10.754%

Do you get the same?

And is the 10 BTC 'jackpot' shared between winners if multiple people hit it?

Yes same results, around 10% is the intention. The jackpot is split.
The edge will decrease as the prizepool increases.
Depending on the popularity I may allow investment in the lottery prizepool which would allow obviously a higher prize but would decrease the edge further.

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February 05, 2015, 09:00:30 PM
 #200

Today's lottery draw results: 6, 10, 18, 26, 35, 45

Two winners matched 3 numbers. Prize of 0.02 goes to daCoops and seuntjie

New draw open now.


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