BITCOIN BUSSINESS Site Review: SatoshiDice

You set upwardly your digital wallet. You earned your first free bitcoins. You joined a mining pool too got or thence freshly-generated coins. Now it is fourth dimension for you lot to company into the most developed Bitcoin industry: Gambling! And for that, what meliorate identify than the most pop Bitcoin betting game inwards the universe? Ladies too gentlemen, twosome yourselves because it is very addictive! Beware, ludopaths! I introduce you... SatoshiDice!

How It Works:

  • SatoshiDice is a rattling uncomplicated betting game: imagine a locomote with 65536 faces. You create upwardly one's hear a threshold. For example, 12000. The locomote is thrown. You win if the release it shows stays nether the threshold you lot chose. You lose otherwise.
  • The lower the probability to obtain a release nether the threshold, the higher your vantage volition last if you lot win.
  • You tin identify bets past times sending bitcoins to i of the bitcoin addresses shown at the homepage of SatoshiDice. Each i of those addresses is assigned a threshold. So, if you lot transportation 1฿ to the address 1dice97ECuByXAvqXpaYzSaQuPVvrtmz6, which is the i for a threshold of 32768, you lot are betting that the release shown past times the locomote volition last nether 32768. If this happens, you'll win 1,957 times 1฿, or 1,957฿, minus 1,9% that keeps the house, minus bitcoin network transaction fees (in instance they are applied). If the release is over the threshold, you lot lose and to add together insult to injury SatoshiDice sends you lot a satoshi (which is 0,00000001฿).
  • Being the most pop Bitcoin betting game, there's a lot of conversation nearly it alongside bitcoin users. Check this thread. And this i too.

Here I sent 0,01BTC for a threshold of 32768...

Transaction sent (with a hefty 1500ยต฿ fee...)! Now my luck is on Satoshi's hands!

Best Strategy:

  • Send at to the lowest degree 0,01฿ to i SatoshiDice address and pray. That's it. Good luck!
  • There's a lot written nearly how to bet at SatoshiDice, exactly the truth is that, inwards instance it's a fair game, which it seems to be, inwards the long run you'll lose at to the lowest degree 1,9% of your investment.
  • It's typical to run into betwixt the recent games that are continually posted at the website people who bet 0,01฿ for a threshold of 32000. In instance they lose, they double the bet. Now they bet 0,02฿ for the same threshold. They lose too double the bet. And thence on... Until they win (or run out of money). It's non in all likelihood that you lot lose a lot of times i after the other, is it?... Well, this is true, exactly remember, assuming you lot bet for this threshold of 32000, for every 1023 people who practice not lose x times inwards a row, there's i who does and pays the nib for the rest. And that could last you (this is an approximated calculation, since you lot don't larn a perfect 2.000x vantage inwards instance you lot win when you lot bet for lessthan32000).

A few seconds afterward this message pops up!


Site Review:

  • Expected profit: 2/5. You could larn rich or lose all your money. The latter is a piddling fight to a greater extent than likely.
  • Convenience: 5/5. The website is beautifully designed, comprehensive, understandable too has enough of data to explicate how it works. You exclusively remove to transportation or thence bitcoins to i of its betting addresses.
  • Payment speed: 5/5. You bet. You blink. You have the results of your bet.
  • Risk: 3/5. You direct how risky you lot desire your bet to be. It could last 1/5 if you lot bet for a threshold of 64000. Or 6/5 5/5 if you lot bet for a threshold of 1.
  • Final Score: 9/10. SatoshiDice is the manly individual monarch of Bitcoin betting games. It's simple, fast, elegant too doesn't endeavour to scam you lot or shroud data from you. Somehow, it makes you lot experience lucky. And then, you lot transportation 0,01฿ to i of their addresses. When the House Percent drops to 1% or less I'll give it a 10/10.
Next step: Site Review: Mt.Gox

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