/biz/ - Business & Finance

>>26473978
Ok, I know you're a shill but how does his shit work?

wtf? send details

>4x with 75% chance of losing all your money
That's not a good bet

>>26474102
the quality of that bet is subjective and depends on your personal risk preference and utility function, but according to expected value it's a worthless bet because he had to pay the huge ETH transaction fee just to play

>>26474041
>>26474042
1) buy transmute
2) select token you'd like to win and wager your amount
3) at the end of the hour the chainlink rng activates and you will win/lose depending on what it rolls and the % you went in with, all your transmute tokens are burned either way

there is a 3% house edge but if you're feeling lucky this is it

>>26473978
the game was bugged at the beginning and they need to improve it but I finally won one eth for 80% of his price and 1 meme for 50%

I'm loving it !

>>26474102
Thats not how it works...

>>26474241
Don't elaborate on that, I'll just assume you can't defend how shitty it is and move on

>>26474147
How was it worthless? My transaction fee was .02 ETH.... I bet .25 ETH.... and won 1 ETH ....

math was never biz's strong suit lol

hodler here too chicken shit to bet but im fucking glad the games are legit working i was worried af for a bit, this is fuckin awesome

>>26474281
I'm confused by what youre asking.... the odds arent 25/75... it was that 25% was what you had to wager to win that round. The odds are not like a fucking dice. Read about how it works lol

>>26474290
E(X) = 0.25 * 1ETH
P = 0.25ETH + 0.02ETH
0.27ETH > 0.25ETH
???

>>26474432
Holy shit.

I bet .27 ETH, and won 1 ETH

THAT IS PROFIT YOU RETARDS OMG OMG WHAT THE FUCK AM I TAKING CRAZY PILLS AHAHAHAHAHHAA

JUST WON WBTC HOLY SHITTT

>>26474485
Nice, while half this thread is trying to figure out if 1 ETH is more than .25 ETH, we're actually using the protocol

Gotta love biz lol

>>26474463
You bet 0.27ETH with an expected win of 0.25ETH, you absolute mongoloid. I tried to dumb it down for you from my first post, but you're too confidently stupid to understand.

>>26474432
It’s okay, take your time.

Spoiler: it was a profit of 0.73 ETH

>>26474558
The expected win was 1 ETH..... i think youre extremely confused.

>>26474587
People want so bad for this to be a stillborn project. I really don’t understand, it’s fun as shit during this crab market

>>26474580
>>26474587
I honestly cannot believe how dumb you are. Do you genuinely not understand the difference between your actual outcome and your expected outcome?

https://simple.wikipedia.org/wiki/Expected_value

>>26474463
>>26474580
Literal subhumans incapable of understanding the literal bottom floor of statistics, expected values. Its okay, keep betting. It'll work out and you'll be millionaires in no time

>>26474677
imagine biz being against degenerate gamblers.

watch literally every fucking asian whale wake up to this and see how their gambling senses tingle

this shit will moon

Wait this tokens only function is to play stupid game where you will lose money in long run?
They will add more games right?

>>26474663
DUDE.

YOU WIN 1 COIN FOR WHATEVER YOURE BETTING ON.

IF YOU WIN IN ETH POOL, YOU GET 1 ETH.

OH MY GOD.

>>26474745
Except the house is stacked against them in such a way that's impossible to ignore. Well unless of course you're as retarded as those two.

>>26474290
You don't know what excepted value is?

I screencapped it just to save this to post any time someone dares to say /biz/ is high IQ. /biz/ is full of nigger tier subhumans

>>26474770
So you go full retard, instead of admitting you didn't even know what expected value was?

>>26474752
Holy shit this is going to pump so fucking hard

>>26474177
Checked. So how can the economics work on this if they are burning so many tokens? Supply will be dried up in no time. Are they instead selling the tokens off to cover wins?

moving to scotland on lead token tendies and fucking gingers AMA

>>26473978
This is some sort of saturation point in DeFi, people are going excited about some shitty coin toss game.

>>26474770
If you bet 4 times, you will win 1 ETH on average on one of those 4 bets. You paid 1 ETH to bet 4 times and your expected reward is also 1 ETH so on average you make zero profit if you keep on betting.

>>26474770
With 25% chance:
>ROLL 1: WIN 0
>ROLL 2: WIN 0
>ROLL 3: WIN 1
>ROLL 4: WIN 0
(0 + 0 + 1 + 0) / 4 = 0.25
On average you win 0.25, so the expected value is 0.25.
You are paying 0.27 per bet so it's not profitable (and it couldn't possibly be because otherwise the house would be losing).

>>26475063

you dumb fucking nigger do you not realize what power the gambling industry has YOU FUCKING MORON

>>26475116
>>26475116


my dumb boomer parents go to casinos once a month i am going to cry i am so happy this coin was in my metamask at 0.91/leadtoken

>>26475116
No one wants to gamble like this. There's already actual crypto gambling and it's equally shit, but at least its the usually poker/slot machine shit degenerates like.
Call me when they start making it gambling over crates that give you CSGO skins with crypto logos. Then we'll talk about degenerate gamblers getting on board.

>>26475255
Imagine not understanding the gambling market is among the largest in the world

Sorry, won again on round 2 so got sidetracked, round 3 lezzzzgo

> saying gambling is stoopid and no one will gamble
> not understanding how big the casino industry is

hurdurhhh

>>26475074
Thats how gambling is supposed to work for the provider to earn € you fucking retard

Doesn't matter what kind of expectee value it is, it will ALWAYS work for the provider, not you.

Only retards would bet, but thats how we all make the €€€, out of the fucking retards

>>26475478
I mean I just won twice now, and im only playing with 10% of my stack so, im feelin like a retard babyyyyy!!! short bus gang wsup

>>26475478
I said
>(and it couldn't possibly be because otherwise the house would be losing).
and I was simply explaining what expected value is.
maybe you are the fucking retard

>>26475388
All these pseudo intelectuals Don Quiexot'ing
You need to be a retard to think that gambling is in fawor for you
But also a retard to explain it doesn't work out for you mathematicly

>>26475318
Oh it is, but that doesn't make anything that's gambling a brilliant project. Casinos go out of business too you know, just ask Trump.
Plus why would anyone play this over literally any other gambling project? Is there even a fucking jackpot or just a 1/4 chance of making a 4x? Cause that's shitty fucking odds for a shitty fucking reward.

its working anons a lot of winners

>>26475554
Didnt read everything nigger, props for you then
>>26475541
Glad it worked out for you Anon, dunno.if ya should keep going

>>26475614

You
Dumb
Fuck

By buying into XPb you become the House.

The house always wins.

YOU DUMB FUCK

YOU DUMB FUCK
YOU DUMB FUCK
YOU DUMB FUCK
YOU DUMB FUCK

>>26475636
Yup, you can def 4x

also... lol at using donald fucking trump as your example. thats amazing

>>26475692
Also this...

Like, yes were talking about the gambling aspect but like..... you dont fucking gamble with everything.... I am holding 90% of my xpb and gamblin with 10%.... working out real well so far lol

>>26475696
4x 1 out of 4 times. So excluding gas fees you come out at best even.
Also, yeah. I used Trump because he closed casinos since they stopped doing well. It proved my point that casino does not always mean free money. Is it that hard to understand?

>>26475636
This may be the dumbest comment I've read on biz today. God damn that's an impressively low IQ

>>26475692
The House only wins if someone plays the game. If no one pays, no one can win winkyface

>>26475874
Oh please explain why it's so dumb. Answer why this would be played over any other crypto gambling project. Enlighten me, oh wise one of /biz/.

>>26474290
Don't listen to biz they are fucking tards.
This is based you should do it again this time with more to prove them all wrong.

>>26474290
youre not the only one anon a lot of winners posting on tg

>>26475743
At least lurk more than 10 mins before you start shilling dude. The way you type makes it so obvious. Maybe try shilling on instagram or youtube comments instead?

>>26476190

you will never be a woman

>>26476190
schizo alert

>>26476246
And you will never be good at shilling. Couldn't even shill a bottle of water in a desert.

>>26476307

i haven't even begun to shill

I would never use this dapp because of expected value.

Holding the token might make sense because there are limitless degenerate retard gamblers out there

Probably still not buying it though.

>>26476354
Well then you better start soon cause this thread is a shitshow.
Not looking good for XPb! Sad!

Im a gambling addict whose been off the game for a few years now (buying shitcoins doesnt count its investing alright?). Fuck you. I'm going to be either rich of dead in a ditch in a week as a result of this fuck.

>>26476526

im strait up gonna make a fire ass fucking xpb meme tonight and you are gonna be so god damn sorry i feel bad for u already fren

>>26473978
Do I need to explain to you retards what gambling or house edge is?

can't wait for youtubers to start making videos on this

>>26473978
Whats the point of this when edgeless exists with 0% house egde?

>>26473978
This looks terrible imagine having a cooldown on bets