Post
Topic
Board Gambling
Re: Chain-Bet.com - 15x Winning | On Chain | Provably Fair
by
Albert Hamilton
on 22/06/2017, 23:41:03 UTC
Quote
Your experiences will not have any impact on the mathematics. Don't try to say the house edge is something it's not.

Today I tried safedice and lost it all Smiley But I won it back here... So maybe you can use your mathematics to increase your chance of guessing the right number Smiley

Congrats that you won something but it actually doesn't mean anything. You simply had bad luck when playing on Safedice and had good luck when you played on here.

I highly doubt you can find some edge, you can look at the blockchain and see if there are any numbers that appear consecutively and just don't bet on those to increase your chances or bet on the numbers that haven't appeared in a while.

Either way you can do the exact same statics with dice.

Sure I have luck at the moment.. I just don't see why people try to convince me to stop playing here and move on to some dice site.. Never stop a winning streak Cheesy

There is nothing wrong with this gambling site. The people who posted before are spreading FUD. The only thing that makes this site different from dice is that the house edge is a little higher.

Right now there is no way to cheat and withhold blocks to get a certain hex number. Yes its possible but mining farms are not going to give away full blocks of 12.5BTC+Fees just to cheat on this site. And FUDsters just keep complaining saying that its very easy to cheat and the site will lose its capital and become insolvent. Its ridiculous.

Who said anything about it being easy to cheat?

You. Here...

Although personally I'd be too skeptical to play here. The site is trivial for a miner to profitably (and undetectably) cheat...   (and even more so for a mining pool, which can cheat it's miners at the same time if they have to discard a block)
The very concept of miners can cheat profitably this game was debunked long ago. Check this thread for further info - https://bitcointalk.org/index.php?topic=1493510.0.

That thread didn't debunk anything - it just said that miners can't pick the block hash. However, they can still no broadcast blocks that contain a losing hash, and hope to get a winning hash. A bad actor pool might make a large bet on every character except one with a very low (possibly 0) fee. They can than use bitcoind to treat their tx as a 100 BTC fee transaction, so it would be added into the next block the pool finds. They can set it so the pool owner needs to check the block before it's broadcast to the network, and if it is a losing hash, they can chose to withhold the block (screwing the miners, but letting them be more likely to win).