Primedice update! Bitcoin dice site with a faucet.
Primedice - Ref Primedice - Non Ref A few weeks ago I made this thread to let/beermoney know about this nifty litty site. I haven't spent to much time on the site until the last week. What I've been doing is popping in while watching my tv shows (football, the walking dead, poker) and chatting. I had built my balance up to .038 (about $14). I did this by martingaling and chatting. PD has quizzes, rainbot(More info @ /Primedice) and players that tip pretty regular if you don't beg for tips or break the rules in the chat. Currently, my balance is at zero. I wanted to hit some big wins so I started trying to hit 707x and 1101x and some other crazy multipliers. The strategy I was using was working until last night when I hit 8 reds in a row. I had the bot set to roll 30 times at 2000 satoshis and then I would manually bet 100k satoshis on 2x win. This worked for about 800 rolls. Then I bricked and busted. I'll post some of my larger wins in the comments. So here's what I recommend. Join and play around with the faucet when bored. Just divide your faucet by 20 and try to hit something like 700x win. Then drop it to 100x or 50x win, divide your balance by like 200 and use that as min bet. Let that roll and when you hit. Adjust your min bet. Do this until you have 50,001. Now make a "bank" account. 50,001 satoshis is the min tip. Tip the 50,001 to your bank and start over. If you get tips or win a quiz, use the divide by 200 and try to bink a larger tip to your bank. Just let the bank build. Also, follow PD on facebook as they have contest/giveaways. If anyone has any ideas for betting with the bot, I'd love to discuss that in this thread. I know from reading the chat on PD that they recommend losing 20 bets in a row to let it martingale. You can still lose, but I know a guy who let it run for 2 weeks without hitting 20 losses in a row. Lose small and win big /beermoney! P.S. Last night a guy named Noah deposited 1 bitcoin and using a weird strategy ran it up to over 60 bitcoin before dropping down to roughly 45 btc and quitting. It was fun to watch. His strategy was to set min bet to 1/20th of this balance. Win multiplier on 2x. On loss he increased by 200%. He would set the bot to run for 5 rolls. P.S.S. I can't grab a screenshot, but here's my stats.
TOTAL WAGERED 0.22353779 TOTAL PROFIT -0.01691968 TOTAL BETS 32110 CHAT MESSAGES 776
Most dice sites offer the option to invest in the bankroll.
tl;dr I've invested a small amount and so far only seem loss. What do you think about it? Is it a scam? What are the advantages for the site owner in allowing for investors?
As an example, lets take the description from a popular one:
You have the opportunity to be part of 's bankroll. The bankroll is the total of all investments into the site and you are paid according to your percentage of the house's bankroll. uses a 1.9% house edge and investors get 50% of the house wins or losses. This means a 0.95% Expected Value (EV) that is shared by the investors.
It looks fair from the description. As I understand, the investors get 50% of the profits and share 50% of the losses. Resulting in the advertised 0.95% EV shared by the investors. Let's call this model A.
As an illustration, suppose a 1 BTC bet with 50% bet parameter by a player, then the investor's EV is
EV_player = -0.019 (still the same as in A) EV_site_owner = 0.25 (a lot higher than 0.0095) EV_investors = -0.23099999999999998 (worse than betting)
Most, if not all, bitcoin dice sites employ a system that is provably fair to the player. But, apparently, it is not the case for investors. So how can an investor be sure he's being paid accordingly to the advertised? What stops a site advertising A and employing B?
So I am curious. You have all seen the bitcoin dice sites where you can become an investor.. What do you think those sites are missing? What cool features or ideas would you like to see implemented? Something crazy I don't care.. I would love to hear some feedback
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