Hello Henry, I cant seems to understand how is this chartbet game
It seems like when I didnt buy the "stocks" or whatever it is called, it seems the chart is being stagnan, and when i have buy it, the tendency of falling is greater than rise, it can be falling for almost entire my bankroll ( which is the free balance ) does this means that if i have a btc in my bankroll and the chart keep on falling will my 1 btc be consumed in the end?
It seems like when I didnt buy the "stocks" or whatever it is called, it seems the chart is being stagnan, and when i have buy it, the tendency of falling is greater than rise, it can be falling for almost entire my bankroll ( which is the free balance ) does this means that if i have a btc in my bankroll and the chart keep on falling will my 1 btc be consumed in the end?
That's extremely unlikely. Well, where you playing yellow, red, or purple? If purple was the answer, there's not much to complain about. I once deposited 0.01 and cashed out 0.1, because the chart flew up really high. Sometimes it goes really far down too.
The game is provably fair, it's not rigged at all. But when playing purple, it might feel that way.
I think you misread my post , im just saying it has the tendency of falling and im not saying it was rigged because i knew it wasnt and there is actually a seed hash that can be verify with provably fair system, all I asked is that if i got 1 btc in my bankroll and the tendency of the chart is falling, will it eat up my entire balance?
Hi Shulio,
I have a short answer and a long answer for you. The sort(er) answer: Like in any gambling game, on the long term (talking hours to days of play) you will lose, because there is a house edge that is greater than 0. In the short run it depends on your luck: if you get lucky you will win, if you are unlucky you will use. In respect to your chances of winning Chart Bet is like any other gambling game. Actually your chances of winning on Chart Bet are higher than in almost any other game because the house edge is so low (just 0.2%).
The longer answer: The way the charts move is independent of whether you have bought the stock or not, or whether you have deposited or not. You can check this very easily: When you click on 'verify' in the bottom section of the page you can see the exact code we are using to determine the change of the stock from the server secret or the client secret. Even if you are not a programmer you can see that the code is always the same, not matter if you have bought or not.
The difference between the three charts is only their volatility: the yellow one is relatively stable, the red one is sort of "medium-stable", and the purple one fluctuates the most.
Here is how we compute the change for each chart: from the server secret and the client secret we first compute a positive number the determines the rate of change for a chart. Then, exactly like in a dice game, we compute a second number that determines whether the change will be upwards or downwards. On every update of a chart, the chance that the chart will rise is 0.2% lower than that it will fall. So you are right, each chart has a very small tendency to go downwards, this is how we make money.
I really need to try to write this up in the clearest way possible and add it to the website. Will try to get this done by tomorrow evening. Thanks for asking and please ask for clarification if this was too incomprehensible
