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 exactly like any other gambling game. On average your chances of winning compared on Chart Bet are higher than in almost all other games because our house edge is so low for Chart Bet (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. All three charts have a very small tendency to go downwards over time, this is how we make money.
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
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 exactly like any other gambling game. On average your chances of winning compared on Chart Bet are higher than in almost all other games because our house edge is so low for Chart Bet (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. All three charts have a very small tendency to go downwards over time, this is how we make money.
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
I see, i was actually playing with purple and its goes crazy and it is very volatile, in the end it takes up all of my balance, then this means if I got some balance , it would be risky to play the purple chart bert as it is very vollatile and can takes up all of my balance
Yes, you are absolutely right. To control your risk the best thing to do is to bet on the red chart. You should also try to adjust the speed of the chart to your liking (click on options above the yellow button). This gives you more to think whether it would be a good point to buy or sell. You also have a slider there where you can change the volatility of all three charts.
So after I have tried them with hectic speeds, the chart reupdating each like 10 seconds or so, wonder what the use of it ?, the purple chart is crazy enough to blow my balance at the hectic speed but was jumping back on profit, if someone gonna play this chart bet, recommend to have a good connection otherwise the chart might fall the moment we press the sell button
Hi Shulio, I'm not sure I understand 100%. When you say the chart is reupdating every 10 sec or so, do you mean that the chart is updating to new values, or is there some sort of error where the page reloads or something?
By the way when you lose connection, the backend will stop updating the chart immediately, so you don't have to worry that changes to your balance are made while you lost the connection. Also you will always buy and sell at exactly the state you see the chart in (again, you can verify this by turning the speed to quite slow).
Do you think that "hectic" is too fast to be enjoyable? I could recalibrate the speeds a bit if that is the case...