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Showing 7 of 7 results by FUNDB
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Board Gambling
Re: ★Casino.bitcoin.com | Fast deposits | 2 BTC Welcome Bonus | 3 Weekly Promotions★
by
FUNDB
on 12/06/2016, 14:59:04 UTC
Most games are not provably fair. Same shitty game providers as literally every other casino. Fiat gambling (great endorsement for BTC when people go to Bitcoin.com and see they can wager with $$$).

What makes your casino different than literally any one of the dozens of competing SoftSwiss casinos?
Post
Topic
Board Securities
Re: 🌟Bitvest🌟 ▌Invest In A Gambling Site
by
FUNDB
on 29/05/2016, 16:41:55 UTC
I would advise not investing in Bitvest.io. They do not portray how much of a cut they take from investors anywhere on their site, in fact you need to locate their bitcointalk thread to find that.


House edge: 1.8%
Their cut: 0.65% of every bet wagered
True HE for investors: 1.15%

Now for margin. They allow margin investing, sounds like it would be a benefit for investors... Well it isn't. Because just about every investor utilizes it (meaning your % share of the bankroll does NOT increase, thus your profits do not grow bigger). What this does is open you up to dangerous variance. Such as the bet on April 26 on Bitvest that wiped out over 15 BTC of the real invested amount (or 15% of the total bankroll). Another site that operated this was was SafeDice... Which got hammered and lost over 90% of the user's bankroll from a single dice shot.


This site also has low volume. 2800 total wagered is nothing, especially for a site that has been open this long. Less volume = less profit for investors.
Post
Topic
Board 中文 (Chinese)
Re: Fun-casino - first decentralized Bitcoin casino.
by
FUNDB
on 29/05/2016, 16:23:37 UTC
Why users should avoid playing at Fun-casino:

1. Blatant advertising lying. This casino is not decentralized, yet they continue to portray themselves as if they are. The obvious intent of this is to fool players.

2. Games are not provably fair outside of SoftSwiss. Do you really trust them with not cheating you?

3. Extremely high house edges. Industry standard is 0.5% - 1% yet most of their games are in the 2% - 4% range. Why play on a site where the house hedge is as much as 8x higher than other game providers?

4. Bonuses provided on site are rip offs, 50x rollover is extremely difficult to achieve. The game providers (SoftSwiss in particular) are known for seizing the balances of players if a player disregards the bonus play (mainly the max bet allowed while going for bonus rollover requirements).


Bottom line is this:  Why play on a non-unique site that has a ridiculous house edge, lame bonuses, false advertises, and is not provably fair. You shouldn't. This goes for all SoftSwiss sites.
Post
Topic
Board Gambling
Re: SatoshiDICE.com - The World's Most Popular Bitcoin Game
by
FUNDB
on 29/05/2016, 16:10:48 UTC
I'm glad all of the shill accounts for SatoshiDice came out. Do you think people can't tell that all of these newbie accounts coming out of nowhere to defend a shitty gambling site are genuine players?

Honestly why do people play/invest here...

Investors:
They consistently are one of the lower volume casinos out there that accept public funds (stats according to https://dicesites.com/satoshidice), and they have a giant bankroll. What this means is you are getting a tiny return.

I'll explain it this way:

They average under 100 BTC per day in wagered volume, yet they have a whopping 4000+ BTC bankroll. Lets do some quick math: 100BTC (daily wagered) * 1.9% (house edge) = 1.9 BTC expected return. Say you have 1 BTC invested, that means your expected return is 0.0475% daily... And that doesn't even include fees!

They average well under 100,000 bets per day. This means they don't have many players. Most of their competitors are in the millions daily (# of bets). This signifies an over reliance on key larger players.

Players:
Terrible customer support, slow bets, and slow withdrawals. Yikes. And 1.9% House edge? That's nearly double the industry standard!

I had those 100btc on their site and i had an average of 3.5-4.5% a month, everyday 0.1btc was added like clockwork with some spikes here and there... and the site had 5000+ btc then


You are lying.

100/5000 = 2% (your share of the bankroll)
You are claiming your 2% stake earned 3.5-4.5 BTC monthly.

I will even give you the benefit of the doubt and say SatoshiDice did 5000 BTC volume (which: they didn't. I am being very generous saying 5k monthly wagered).

5000 * 0.019 = 95 BTC Profit (Before fees)
95 *0.02 = 1.9 BTC increase

You are claiming you earned twice as much as you did (again... not even including fees). Cut the bullshit.



And to all of those saying the # of bets don't matter... They do and they don't. What it signifies is that SatoshiDice has a very, very small userbase. 50k Bets is accomplished in under an hour on most sites. The only reason SatoshiDice is even in the middle of the pack as far as wagered volume goes is because the occasional whale drops by. The fact is SatoshiDice has a declining customer base. Not surprising considering their huge house edge.


Post
Topic
Board Gambling
Re: SatoshiDICE.com - The World's Most Popular Bitcoin Game
by
FUNDB
on 28/05/2016, 22:55:18 UTC
Honestly why do people play/invest here...

Investors:
They consistently are one of the lower volume casinos out there that accept public funds (stats according to https://dicesites.com/satoshidice), and they have a giant bankroll. What this means is you are getting a tiny return.

I'll explain it this way:

They average under 100 BTC per day in wagered volume, yet they have a whopping 4000+ BTC bankroll. Lets do some quick math: 100BTC (daily wagered) * 1.9% (house edge) = 1.9 BTC expected return. Say you have 1 BTC invested, that means your expected return is 0.0475% daily... And that doesn't even include fees!

They average well under 100,000 bets per day. This means they don't have many players. Most of their competitors are in the millions daily (# of bets). This signifies an over reliance on key larger players.

Players:
Terrible customer support, slow bets, and slow withdrawals. Yikes. And 1.9% House edge? That's nearly double the industry standard!
Post
Topic
Board Auctions
Re: AUCTION - SR. MEMBER ACCOUNT
by
FUNDB
on 08/04/2016, 02:01:10 UTC
.06
Post
Topic
Board Auctions
Re: [WTS] Hero Member Account - 1 Day Auction
by
FUNDB
on 06/04/2016, 15:28:39 UTC
.02