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Showing 6 of 6 results by JoshYouArent
Please correct me if i'm wrong but if the players have a positive "expectation" You will have a negative "expectation"
Take PrimeDice for example, at x2 they give the player 49.5% chance to win which means in the long run the odds are against the player by just .5%
If it were to be the other way around you would be the one with the negative profit.
Take PrimeDice for example, at x2 they give the player 49.5% chance to win which means in the long run the odds are against the player by just .5%
If it were to be the other way around you would be the one with the negative profit.
I'm sorry ，maybe I didn't explain clearly because my mother tongue isn't English
The payout must associate with the prize pool in a positive "expectation" game. and the payout must be limited
for example:
dice from 1-100
your bet = 1BTC
the prize pool = 100BTC
the payout no more than the pool
Prize: #1 chance 1% dice =1 payout: 20+(pool/10) x = 30 BTC expectation=0.3
Prize: #2 chance 25% 1Prize: #3 chance 74% 25have a negative "expectation"
but when the prize pool grow the "expectation" will be positive
your bet = 1BTC
the prize pool > 300BTC
Prize: #1 chance 1% dice =1 payout: 20+(pool/10) x > 50 BTC expectation>0.5
Prize: #2 chance 25% 1Prize: #3 chance 74% 250.5+0.5+0 - 1 > 0
so the prize pool will float near 300BTC
this is just a simple example
I didn't think you had thought it through but it seems good.
I'm far from a mathematician lol but that makes sense to me, nice work.
Please correct me if i'm wrong but if the players have a positive "expectation" You will have a negative "expectation"
Take PrimeDice for example, at x2 they give the player 49.5% chance to win which means in the long run the odds are against the player by just .5%
If it were to be the other way around you would be the one with the negative profit.
Take PrimeDice for example, at x2 they give the player 49.5% chance to win which means in the long run the odds are against the player by just .5%
If it were to be the other way around you would be the one with the negative profit.
around 8 hours ago I withdrew some btc from btc-e
It shows with 69 confirmations on the blockchain at the moment
but is not yet in my wallet..
I'm sure I am just being overly paranoid, but is this usual?
Thanks
Fixed.
Any other newbies having this same issue, if you are using Multibit (no idea about other wallet software) try to reset your blockchain, that fixed it for me.
I want to develop a new bitcoin dice game, and the mathematical expectation of the prize will be positive.
So you want to lose money? 
Hopefully, by posting a coherent sentence in this thread followed by four hours of patience, I will then be able to post somewhere else!
And yes, Im new aswell
And yes, Im new aswell
Hello, I'm new too, started mining a week ago but i've been reading this forum for quite a bit
Hi, I'm a newbie too
im nooob 
Hello 
Another newbie here.
Another newbie here.
Hey fellow noobs. Anyone else having problems not able to post anywhere but in this forum...Even after waiting 4 hours? I figured I'll wait a little while longer before I PM a mod about it. Just wondering if I'm the only one! 
EDIT:
um oops, hasn't been 4 hours haha! Man I thought I made that post earlier in the day.
No you are not the only one stuck here. I have been stuck here for a few days already. EDIT:
um oops, hasn't been 4 hours haha! Man I thought I made that post earlier in the day.
Hi!
I too am also a newbie. Hello fellow newbies