Bitcoin Forum
March 31, 2020, 08:06:37 PM
 News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 Home Help Search Login Register More
 Pages: 1 2 3 [4] 5 6 7 8  All
 Author Topic: [ANN] BTCDice.com - The Best Bitcoin Game in the World! - Better Payouts  (Read 11156 times)
BTCDice
Newbie

Offline

Activity: 46
Merit: 0

 September 12, 2012, 08:56:20 AMLast edit: September 12, 2012, 10:24:17 AM by BTCDice

I'm performing update on bitcoind and site is offline. Will be on soon.

Update done. Back online.
1585685197
Hero Member

Offline

Posts: 1585685197

Ignore
 1585685197

1585685197
 Report to moderator
Best ratesfor crypto
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1585685197
Hero Member

Offline

Posts: 1585685197

Ignore
 1585685197

1585685197
 Report to moderator
xblitz
Newbie

Offline

Activity: 32
Merit: 0

 September 12, 2012, 05:08:29 PM

I just bet 1 btc on this one:

less than 16000    1BTCDiceVit4ZoX62ksdLCbD3fsUww1hX6       24.4141%    4.064x    1.650%    98.35%    0.0010    50.0000    203.0000

which states it has a multiplier of 4.064x ..

and I only got back 3.996444 btc ...

if i do my calculations  1 x 4.064 = 4.064 - 0.0005 (txfee) = 4.0635  ..

is my math wrong?
BTCDice
Newbie

Offline

Activity: 46
Merit: 0

 September 12, 2012, 08:42:46 PM

I just bet 1 btc on this one:

less than 16000    1BTCDiceVit4ZoX62ksdLCbD3fsUww1hX6       24.4141%    4.064x    1.650%    98.35%    0.0010    50.0000    203.0000

which states it has a multiplier of 4.064x ..

and I only got back 3.996444 btc ...

if i do my calculations  1 x 4.064 = 4.064 - 0.0005 (txfee) = 4.0635  ..

is my math wrong?

Minus the house percent.
xblitz
Newbie

Offline

Activity: 32
Merit: 0

 September 12, 2012, 09:48:19 PM

I just bet 1 btc on this one:

less than 16000    1BTCDiceVit4ZoX62ksdLCbD3fsUww1hX6       24.4141%    4.064x    1.650%    98.35%    0.0010    50.0000    203.0000

which states it has a multiplier of 4.064x ..

and I only got back 3.996444 btc ...

if i do my calculations  1 x 4.064 = 4.064 - 0.0005 (txfee) = 4.0635  ..

is my math wrong?

Minus the house percent.

I thought the house percent already included in the multiplier?  can you explain the real calculation behind the payout?

seeing a 98.35% payout, I thought BTCDice had better payout than SatoshiDice ..
but the same bet at satoshidice:  1btc at the less than 16000 (24.4141%)  gave me 4.00219600 (which is 4.002696 - 0.0005 fee)
so SatoshiDice is actually giving me the multiplier displayed in the table minus txfee
see this one:
yet on BTCDice this is what i got:
http://btcdice.com/details.html?q=38368

BTCDice
Newbie

Offline

Activity: 46
Merit: 0

 September 13, 2012, 02:37:37 AM

I just bet 1 btc on this one:

less than 16000    1BTCDiceVit4ZoX62ksdLCbD3fsUww1hX6       24.4141%    4.064x    1.650%    98.35%    0.0010    50.0000    203.0000

which states it has a multiplier of 4.064x ..

and I only got back 3.996444 btc ...

if i do my calculations  1 x 4.064 = 4.064 - 0.0005 (txfee) = 4.0635  ..

is my math wrong?

Minus the house percent.

I thought the house percent already included in the multiplier?  can you explain the real calculation behind the payout?

seeing a 98.35% payout, I thought BTCDice had better payout than SatoshiDice ..
but the same bet at satoshidice:  1btc at the less than 16000 (24.4141%)  gave me 4.00219600 (which is 4.002696 - 0.0005 fee)
so SatoshiDice is actually giving me the multiplier displayed in the table minus txfee
see this one:
yet on BTCDice this is what i got:
http://btcdice.com/details.html?q=38368

Multiplier is calculated by (65536 / Game Lessthan). Previously, that number was rounded down then truncated after 3rd digit, but now it is either rounded up before truncate, or simply truncated.

I take house percentage after multiplier is calculated as doing it other ways (ex. as part of multiplier) are inconsistent in results. Edit: To make clearer, it makes results inconsistent from game to game, or with largely different bet amount, and not always in favor of user.

Satoshidice shows multiplier less the house percent. I show multiplier prior to house percent.

I don't run satoshidice so I can't say how they do their backend maths, but I know payout (housecut, etc) is not consistent from game to game on their site.

Mine is: ((Bet * Multiplier) * (.9835)) - 0.0005
xblitz
Newbie

Offline

Activity: 32
Merit: 0

 September 13, 2012, 03:08:43 AM

Multiplier is calculated by (65536 / Game Lessthan). Previously, that number was rounded down then truncated after 3rd digit, but now it is either rounded up before truncate, or simply truncated.

I take house percentage after multiplier is calculated as doing it other ways (ex. as part of multiplier) are inconsistent in results. Edit: To make clearer, it makes results inconsistent from game to game, or with largely different bet amount, and not always in favor of user.

Satoshidice shows multiplier less the house percent. I show multiplier prior to house percent.

I don't run satoshidice so I can't say how they do their backend maths, but I know payout (housecut, etc) is not consistent from game to game on their site.

Mine is: ((Bet * Multiplier) * (.9835)) - 0.0005

Ah now i see that you have just fixed them to the right number..  so my math was good.. but seems you have just fixed it.. thank you!
BTCDice
Newbie

Offline

Activity: 46
Merit: 0

 September 13, 2012, 03:41:33 AM

Multiplier is calculated by (65536 / Game Lessthan). Previously, that number was rounded down then truncated after 3rd digit, but now it is either rounded up before truncate, or simply truncated.

I take house percentage after multiplier is calculated as doing it other ways (ex. as part of multiplier) are inconsistent in results. Edit: To make clearer, it makes results inconsistent from game to game, or with largely different bet amount, and not always in favor of user.

Satoshidice shows multiplier less the house percent. I show multiplier prior to house percent.

I don't run satoshidice so I can't say how they do their backend maths, but I know payout (housecut, etc) is not consistent from game to game on their site.

Mine is: ((Bet * Multiplier) * (.9835)) - 0.0005

Ah now i see that you have just fixed them to the right number..  so my math was good.. but seems you have just fixed it.. thank you!

Yes, I changed rounding to be more favorable to the user (made it round up where it was rounding down) and changed calculation slightly.
dooglus
Legendary

Offline

Activity: 2772
Merit: 1217

 September 13, 2012, 05:00:31 AM

Satoshidice shows multiplier less the house percent. I show multiplier prior to house percent.

Your help page at http://btcdice.com/howitworks.html says:

If you win, your bet is multiplied by the prize multiplier and that amount is sent back.

But that's not correct.  If you win, your bet is multiplied by the prize multiplier, then the house edge is subtracted, and that amount is sent back.

It would be best if you showed the actual multiplier the user gets.  i.e. take the house edge off the prize multiplier before stating it.  That way people can compare your odds with SD's to easily see which is better odds.

For example, on "lessthan 16000", instead of saying the payout is "4.096x", calculate 4.096*(1-edge/100):

Code:
>>> 4.096 * (1-1.650/100)
4.028416

and state that the payout is 4.028x.

That way people can make a direct comparison with SD's quoted multiplier of 4.003x.

 Just-Dice ██                        ██████████                ██████████████████        ██████████████████████████  ██████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████    ██████████████████████            ██████████████                    ██████ Play or Invest ██                        ██████████                ██████████████████        ██████████████████████████  ██████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████    ██████████████████████            ██████████████                    ██████ 1% House Edge
xblitz
Newbie

Offline

Activity: 32
Merit: 0

 September 13, 2012, 05:08:59 AM

Satoshidice shows multiplier less the house percent. I show multiplier prior to house percent.

Your help page at http://btcdice.com/howitworks.html says:

If you win, your bet is multiplied by the prize multiplier and that amount is sent back.

But that's not correct.  If you win, your bet is multiplied by the prize multiplier, then the house edge is subtracted, and that amount is sent back.

It would be best if you showed the actual multiplier the user gets.  i.e. take the house edge off the prize multiplier before stating it.  That way people can compare your odds with SD's to easily see which is better odds.

For example, on "lessthan 16000", instead of saying the payout is "4.096x", calculate 4.096*(1-edge/100):

Code:
>>> 4.096 * (1-1.650/100)
4.028416

and state that the payout is 4.028x.

That way people can make a direct comparison with SD's quoted multiplier of 4.003x.

Yeah I think your suggestion is the best thing to do....  less confusion!
BTCDice
Newbie

Offline

Activity: 46
Merit: 0

 September 13, 2012, 11:01:32 AM

Satoshidice shows multiplier less the house percent. I show multiplier prior to house percent.

Your help page at http://btcdice.com/howitworks.html says:

If you win, your bet is multiplied by the prize multiplier and that amount is sent back.

But that's not correct.  If you win, your bet is multiplied by the prize multiplier, then the house edge is subtracted, and that amount is sent back.

It would be best if you showed the actual multiplier the user gets.  i.e. take the house edge off the prize multiplier before stating it.  That way people can compare your odds with SD's to easily see which is better odds.

For example, on "lessthan 16000", instead of saying the payout is "4.096x", calculate 4.096*(1-edge/100):

Code:
>>> 4.096 * (1-1.650/100)
4.028416

and state that the payout is 4.028x.

That way people can make a direct comparison with SD's quoted multiplier of 4.003x.

Yeah I think your suggestion is the best thing to do....  less confusion!

I will update help page, but not going to change math to something inconsistent.
xblitz
Newbie

Offline

Activity: 32
Merit: 0

 September 13, 2012, 12:17:59 PMLast edit: September 13, 2012, 02:04:01 PM by xblitz

no don't change the math , it's perfect,  hes talking about how the "effective" payout multiplier is written on the game table  ...

so on your "Less than 32768, 50%"  pays 2x minus house percent [ 2 * 0.9835 = 1.967 ]  so in the table you should write 1.967x multiplier
but for the ones that the payout minus house percent give a long decimal number , still use the correct math , but round up the displayed number on the table page.

looks at this comparison table

 odd/65536 Even multiplier Effective multiplier Displayed multiplier 1 65536 64454.656 64454.656 2 32768 32227.328 32227.328 4 16384 16113.664 16113.664 8 8192 8056.832 8056.832 16 4096 4028.416 4028.416 32 2048 2014.208 2014.208 64 1024 1007.104 1007.104 128 512 503.552 503.552 256 256 251.776 251.776 512 128 125.888 125.888 1000 65.536 64.454656 64.455 1500 43.6906666667 42.969770667 42.970 2000 32.768 32.227328 32.227 3000 21.8453333333 21.4848853333 21.485 4000 16.384 16.113664 16.114 6000 10.9226666667 10.7424426667 10.742 8000 8.192 8.056832 8.057 12000 5.46133333333 5.37122133333 5.371 16000 4.096 4.028416 4.028 24000 2.73066666667 2.68561066667 2.686 32000 2.048 2.014208 2.014 32768 2 1.967 1.967 48000 1.36533333333 1.34280533333 1.343

So for the page aesthetics you can display a rounded effective multiplier to 3 decimals so it looks nice.. but don't change the real math behind the calculation of the payout!

I hope this helps out
dooglus
Legendary

Offline

Activity: 2772
Merit: 1217

 September 13, 2012, 04:30:45 PM

I will update help page, but not going to change math to something inconsistent.

The payout multipliers you're quoting aren't the payout multipliers you offer.

What you're doing would be like a casino saying "we pay out 38x on a single roulette number" (because that's what they would pay out if the house edge was 0%, but it isn't).

Then someone hits a single number and the casino pays out only 36x.

The player complains "you said 38x but I only got 36x", and you reply "you forgot the house edge!"

What really happens is the casino tells the player "we pay out 36x on single numbers".

That way it's clear what you're getting.

 Just-Dice ██                        ██████████                ██████████████████        ██████████████████████████  ██████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████    ██████████████████████            ██████████████                    ██████ Play or Invest ██                        ██████████                ██████████████████        ██████████████████████████  ██████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████    ██████████████████████            ██████████████                    ██████ 1% House Edge
BTCDice
Newbie

Offline

Activity: 46
Merit: 0

 September 14, 2012, 12:58:45 AM

I will update help page, but not going to change math to something inconsistent.

The payout multipliers you're quoting aren't the payout multipliers you offer.

What you're doing would be like a casino saying "we pay out 38x on a single roulette number" (because that's what they would pay out if the house edge was 0%, but it isn't).

Then someone hits a single number and the casino pays out only 36x.

The player complains "you said 38x but I only got 36x", and you reply "you forgot the house edge!"

What really happens is the casino tells the player "we pay out 36x on single numbers".

That way it's clear what you're getting.

I updated help page to reflect order of operation. The multiplier on the page is what the actual multiplier is.
dooglus
Legendary

Offline

Activity: 2772
Merit: 1217

 September 14, 2012, 06:42:58 AM

I updated help page to reflect order of operation. The multiplier on the page is what the actual multiplier is.

I give up.

 Just-Dice ██                        ██████████                ██████████████████        ██████████████████████████  ██████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████    ██████████████████████            ██████████████                    ██████ Play or Invest ██                        ██████████                ██████████████████        ██████████████████████████  ██████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████    ██████████████████████            ██████████████                    ██████ 1% House Edge
BTCDice
Newbie

Offline

Activity: 46
Merit: 0

 September 15, 2012, 04:34:27 AM

I updated help page to reflect order of operation. The multiplier on the page is what the actual multiplier is.

I give up.

Good. Fight you wont win is not worth fighting.
Kasgel
Newbie

Offline

Activity: 42
Merit: 0

 September 18, 2012, 09:23:56 PM

Site down. I would like to get bitcoins back to my wallet.
BTCDice
Newbie

Offline

Activity: 46
Merit: 0

 September 21, 2012, 11:12:42 PM

A switch died at the NOC and bets are not process while it is having replacement. It will be fixed very soon.
darkmule
Legendary

Offline

Activity: 1176
Merit: 1005

 September 22, 2012, 01:40:30 AM

Good. Fight you wont win is not worth fighting.

The only fight that seems to be occurring here is your fight against reality.

Dooglus is one of the sharpest people on here, and his point appears to be valid.  I don't think I can trust a site that operates the way you seem to be operating, and I am pretty sure other potential players here have reached the same conclusion.
willphase
Hero Member

Offline

Activity: 769
Merit: 500

 September 22, 2012, 07:11:36 AM

Good. Fight you wont win is not worth fighting.

The only fight that seems to be occurring here is your fight against reality.

Dooglus is one of the sharpest people on here, and his point appears to be valid.  I don't think I can trust a site that operates the way you seem to be operating, and I am pretty sure other potential players here have reached the same conclusion.

Indeed. I PMed BTCdice a whike back about the double commission he was charging compared with satoshidice and the false advertising of a seemingly better rate compared with satoshidice and after a short exchange where I provided similar evidence including matching bets from both BTCdice and satoshidice, and BTCdice stayed in denial and refused to accept my points.

I just stopped using them. Recommend others do too until they fix their payouts or at least accept what both Douglas and I are saying as the truth.

Can provide PM logs if anyone wants.

Will

mem
Hero Member

Offline

Activity: 644
Merit: 501

Herp Derp PTY LTD

 September 24, 2012, 06:45:28 AM

Good. Fight you wont win is not worth fighting.

The only fight that seems to be occurring here is your fight against reality.

Dooglus is one of the sharpest people on here, and his point appears to be valid.  I don't think I can trust a site that operates the way you seem to be operating, and I am pretty sure other potential players here have reached the same conclusion.

Indeed. I PMed BTCdice a whike back about the double commission he was charging compared with satoshidice and the false advertising of a seemingly better rate compared with satoshidice and after a short exchange where I provided similar evidence including matching bets from both BTCdice and satoshidice, and BTCdice stayed in denial and refused to accept my points.

I just stopped using them. Recommend others do too until they fix their payouts or at least accept what both Douglas and I are saying as the truth.

Can provide PM logs if anyone wants.

Will

Im afraid btcdice is no longer welcome on my list until they rectify their payouts.
It seems clear this confusion is to the advantage of the house and quite possibly done on purpose to mislead the player.
I shall update its listing tonight to "SCAM".