Post
Topic
Board Gambling
Re: [New Player vs Player] Blastabit.com [In Development, No house edge!, Dicing!]
by
BitcoinBlastPVP
on 02/01/2017, 01:46:44 UTC
Deposits and withdrawals are now working! Smiley now all that's needed is the dicing and game to be bug free and stable along with a security test Smiley



I want to be part of those who will beta test it. I tried to read each and every post in this thread and I think the bot-free community and provably fair system is the only big piece of log to be lifted to get this running.

Suggestion though, add a feature wherein we can be matched with the same player again. I don't like losing without giving a at least a single blow. Cheesy
Good site and idea. It just makes me laugh when you say there is not house edge. Your house edge is the 1% withdraw fee.
Same as winning 0.99 on a 50/50 bet with 1 credit = 1.99 or you get 2 and withdraw 1.99 either way you get 1.99 form betting 1.
Technically, you are playing with no house edge. With a 1% edge, you'd be expected to lose 1% of your bet, every time. If you play 10 games with 1 BTC, with a house edge, you'd be expected to lose 0.1 BTC. With a withdraw fee, your expected value is 0 until you withdraw, but by then you should have made profit if you are withdrawing. You won't lose more over the long term.

If you play 10games with 1 btc every game and lost 4 times but won 6 times, your profit would be 2btc less 0.01 for each win. So 1.94btc.

If you lose 6 times and win 4 times, youre loss will be 2btc plus 0.04

You will be able to double up against a player you have just played against if the other player accepts, as for the house edge the dice or game itself does not have a house edge but if you were to withdraw 1% would be taken and its more than likely winners who will be withdrawing their btc most of the time as summarized by DarkStar above Smiley