Post
Topic
Board Gambling
Re: bustabit.com -- The Social Gambling Game
by
JasonXG
on 23/02/2017, 21:32:11 UTC
With all these new bustabit clones spawning its a surprise they still as popular as ever. I guess its the trust in the name and the brand. You can't beat that.

Still trusting in the EV?

His bot seems to be doing reasonably well. It's wagered wagered 501.34 BTC, but got 8.1453 BTC in bonuses. His average cash out is around 1.28x, so that puts him pretty firmly in +EV territory.

Thanks for that confirmation, Ryan.  I was starting to wonder if my EV calculation was wrong.

You calculate it in real-time?

The bet amount has the EV stored in the last 3 digits. For example, right now the bet amount is 17,117.  The "1" in the hundreds spot means the EV is positive.  The last two digits, "17" means that it's currently running a minimum EV of .17%/bet.  According to the stats Ryan provided, EV is actually much higher around .40%.  8.1453 / 501.34 = 1.6247% - 1% (0x bust every 101 games) - .218% (house edge at 128) = .407%/bet

Every once in a while, I start and stop the bot.  So that EV stored in the bet amount is for that session.  Previous stats are stored at the NXT forum here: https://nxtforum.org/index.php?topic=13275.msg229488#msg229488

Thanks for the question.
LibertyNow
Still trusting in the EV?

His bot seems to be doing reasonably well. It's wagered wagered 501.34 BTC, but got 8.1453 BTC in bonuses. His average cash out is around 1.28x, so that puts him pretty firmly in +EV territory.

Thanks for that confirmation, Ryan.  I was starting to wonder if my EV calculation was wrong.

You calculate it in real-time?

The bet amount has the EV stored in the last 3 digits. For example, right now the bet amount is 17,117.  The "1" in the hundreds spot means the EV is positive.  The last two digits, "17" means that it's currently running a minimum EV of .17%/bet.  According to the stats Ryan provided, EV is actually much higher around .40%.  8.1453 / 501.34 = 1.6247% - 1% (0x bust every 101 games) - .218% (house edge at 128) = .407%/bet

Every once in a while, I start and stop the bot.  So that EV stored in the bet amount is for that session.  Previous stats are stored at the NXT forum here: https://nxtforum.org/index.php?topic=13275.msg229488#msg229488

Thanks for the question.
LibertyNow

You can't beat the EV that is why it is an EV. Just gamblers fallacy to believe a bot can magically do what a human cannot.