Burstcoin 50/50!
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@hah I won't get any gain from doing this, It would simply make me feel bad. when this first draw goes smoothly. You will see.
I understand why you would consider this a scam. But please don't instantly assume its a scam.Anyways, I could livestream it probably. and you cant call my reason for the other 50% WTF. its a legitimate reason.
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@hah Also, if you could direct me to a site like that but for burst. I would gladly use it. but there isn't one... so this is the next best thing.
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I'm sure almost everyone here got some kind of access to a bitcoin exchanges or something similar. People can convert burst to bitcoin, bet on that site and convert back to burstion minus the exchange fees which can be .5% depending on the exchange used. On that site you gain 100% which means you win EVERYTHING, but what your offering is that when someone wins you get to keep 50% that's like saying there is a 50% winner's fee for winning. Much less reward for the same amount of risk.
Like I said this "I plan on putting it into other draws later. and possible giveaways and such :D" is messed up because you can always keep 50% or part of the pool money at all times, and god knows what your gotta do with it.
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@domshel123 said in Burstcoin 50/50!:
@hah Also, if you could direct me to a site like that but for burst. I would gladly use it. but there isn't one... so this is the next best thing.
If you are talking about dice games, there is one in Burst that is being redesign as we speek, is now in beta test phase (burstgames.com is turning to BurstCasino)...
Although i didn't understand yet how this can be 50-50 if the range of numbers is the amount of buyed tickets, that will never make a 50-50 game unless you play against every ticket...
So this is a 50-50 game or a lottery?
If this is a lottery i have one too but it has not a scheduled draw day for now, if this is a 50-50 game i had one of those in the past but i finished it due to the launch of burstgames.com...
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@gpedro I'm also not sure what this is supposed to be haha
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From what he said it's basically a raffle gamble. Basically everyone buy tickets, the more tickets you hold the higher chance of you winning the pot. Like if 100 people bought 1 ticket each everyone gets 1/100 chance to win whole pot. Though in this case he gets to keep 50% of the pot.
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@hah said in Burstcoin 50/50!:
From what he said it's basically a raffle gamble. Basically everyone buy tickets, the more tickets you hold the higher chance of you winning the pot. Like if 100 people bought 1 ticket each everyone gets 1/100 chance to win whole pot. Though in this case he gets to keep 50% of the pot.
So basically it's a lottery... From 50-50 only has the name right @domshel123 ? xD
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@hah @domshel123 @gpedro I never saw a house edge of 50% in a crypto game OMG o.o'
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@Zeus Well supposetly is not a house edge, is a way of the game grow by itself but he would have to take a cut for him and he don't announce the amount he would win with this so it's kind of strange i have to admit...
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@gpedro Its a fifty/fifty draw yes.
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@Zeus its not a house edge of fifty. someone will 100% win.
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@gpedro its not hard to ammount to what I would be walking away with. I walk away with whatever the pot size is. (minus 250 because I put that in myself to get it going.)
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@domshel123 said in Burstcoin 50/50!:
@gpedro Its a fifty/fifty draw yes.
I'm not following how can it be a 50-50 game if you don't play against every ticket... Can you elaborate and show us some math?
Let's imagine you sell 100 tickets = 200 Burst
200 + 250 = 450 burst on the pot
450 * 50% = 225 burst to be paid out to the winner
1 / 100 = 1% of winning chancesIs this math right or what you are saying is different of this? I'm trying to understand but i can't figure it out how can it be a 50-50 game o.O
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@gpedro said in Burstcoin 50/50!:
Hey @domshel123 I have some questions for you:
1 - You are playing against everyone in a 50-50 game?
2 - What is the range of numbers? (0-99)
3 - You will have videoproof?
4 - What is the current Pot value? a Bonus?@domshel123 said in Burstcoin 50/50!:
@gpedro Hey thanks for your questions!
- No, a fifty/fifty draw is where you buy tickets. and the winner receives half the pot.
- the range of numbers is however many tickets is bought
- I will have video proof yes.
- current pot is 250 (all of that is mine, seeing as nobody has bought any tickets yet.
Your math is correct.
He answered your question for 50/50 already. Your thinking that people will get 50% chance to win/lose but that's not what he meant by 50/50. He wants half the pot for " I plan on putting it into other draws later. and possible giveaways and such :D."
The previous winners are paying money to the future winners of the gamble, and he gets to hold the bonus pot for as long as he wants, unless he decides to do a giveaway.
@domshel123 said in Burstcoin 50/50!:
@Zeus its not a house edge of fifty. someone will 100% win.
It makes no difference to a house edge because you will get to keep 50% of the winning pot at all times from the winner.
Here is an interesting example I came up with.
Lets say only two people bought the tickets and they bought the same amount so it's a 1:1 bet. Each of them gets a 50% chance of winning the bet for the total pot. GJ 100% one of them wins. BUT WINNER ONLY GETS 50% OF THE TOTAL POT SO THE WINNER BROKE EVEN FOR WINNING THIS GAMBLE. Like I said the risk and reward is completely messed up for this gamble.Edit:
The bonus pot needs to be equal or more to the current betting pot to make the risk <= reward. Assuming there is no cheating and everything is completely fair. The bonus pot will only grow when current betting pot is bigger than bonus pot, kind of funny.
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@hah Ok so i was thinking right hahaha
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@gpedro right you were :D
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So currently we only have two people entered, one with ten tickets. and one with one ticket. Cmon guys! If you all want I can extend the deadline!
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@domshel123 I've decided to extend the deadline to tommorow this time :D
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@domshel123 If you want people to stop saying this is a scam, you should not extend the deadline, you should do it now and in a transparent way. With the previous points that have been made here by @gpedro and @hah, I guess nobody else will participate even if you wait one more day.
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@Gadrah_ I guess. thats true :D I'll do the draw as soon as possible!


