All posts by Live4Gambling

Special Chinese New Year Promotion at Cloudbet

Start the New Year off with a chance to win a share of 750 mBTC!

To celebrate the beginning of the Year of the Dog, Cloudbet is launching a new tournament featuring some of Cloudbet’s best games with a 200 mBTC bonus for their top player!

Chinese New Year Big Win Tournament

Players just have to play on selected casino games between Feb 16 to Feb 25, and every 5mBTC they spend will earn them 1 point. The players with the most points will win a share of 750mBTC!

With tournaments, offers and a wide range of games to choose from, make Cloudbet your number one Casino.

Game Of the Week at BetChain European Roulette

EUROPEAN ROULETTE WILL HAVE YOU WINNING IN STYLE!
A nice roulette table highlights the details of the wheel, the table and of course the excitement of seeing the marble drop, just before you see how much you won. SoftSwiss has captured all those elements with its European Roulette game. This game has every element that roulette fans are looking for and it is provably fair, making it even more attractive than almost any other roulette wheel out there.

21Nova casino will close on Wednesday 28th February

We also regret to report that the 21Nova casino will close on Wednesday 28th February. From that date, customers will only be able to log in and withdraw funds – betting and depositing won’t be possible.

While its closure is a shame, the operator will be using this opportunity to focus on making EuroGrand and Casino Club better than ever, as well as the gaming products on Eurogrand: Casino, Vegas, Games and Live Casino.

FortuneJack gives Slotsa Love to give, with a bonus + free spins

FortuneJack celebrates valentine day by offering SLOTSA LOVE, a 100% bonus up to 500 mBTC + 100 free spins to their customers!

To claim the bonus use bonus code: FJLOVE

Unlike a box of chocolates, you will know exactly what they’re going to get twice the deposit and a hundred free spins: a lot more chances to win!

But love runs out when it expires on Monday, February 19, so don’t delay and claim the LOVE FortuneJack offers

Betcoin Poker Will Be Discontinued

Betcoin.ag has been acquired and the new Betcoin will be discontinuing its poker service as of Monday, December 25, 2017.

Betcoin.ag has been acquired and the new Betcoin will discontinue its poker service as of Monday, December 25, 2017.
Betcoin will continue to offer the same excellent service, VIP program, INSTANT DEPOSITS and INSTANT WITHDRAWALS going forward. Their great casino and live casino (where available) will still be accessible to our great members and will soon include many new casino providers and provably fair games. It will continue our tradition of bringing you the best, most exciting new casino offerings, including the virtual games and Provably Fair options. The new sportsbook will also continue to be available and will be upgraded as well, including the addition of a log of pending bets which should complete this month.

What is Provably Fair System

provably-fair-gamblingProvably Fair enables online casino players to verify the fairness of each hand played by themselves. Thanks to Provably Fair system, no one can possibly manipulate the outcome of a specific deck until the results are generated.

Bitcoin casinos that use Provably Fair system allow players to see how outcomes are based on the gambler’s input and a secret number that is disclosed and changed for every round in every game. This allows players to verify that the game outcome was played fair.

The advantage of a provably fair system is that third-party certification and auditing is unnecessary. Results of bets for which the outcomes are mathematically predetermined are harder to scrutinize and thus the system provides a higher level of trustworthiness to a gambling operation.

Hashes: A long string of characters derived from the blockchain. This is a mathematical problem that is extremely difficult to solve However if it was solved it would give you the data it hashes. If a solution is presented it is easy to backward test it to see if the solution is proper or not. Hence hashes are hard to solve yet simple to verify.

Seeds: Extra data (a string of characters) applied to the hash which modifies what it hashes.

Provably fair casino games

The provably fair way to do this is

Step 1: The site shuffles the deck as normal.

Step 2: The site provides you with a hash of the shuffle.

Step 3: You provide a random seed, manually or automatically generated, that the site cannot see or predict. This is done client side in your browser, not on the site’s server.

Step 4: Your seed changes the shuffle to something neither you nor the site can have known. This is the online equivalent of cutting the deck to the dealers shuffle.

Verification part 1: After the hand is dealt the initial deck is laid out and you can check that the deck started out as the hash the site provided indicated.

Verification part 2: The final deck is laid out so you can check that the initial deck was changed in accordance with the seed you provided.

If these are both the case then there was no funny business and you have just played a provably fair hand!

If you are a visual learner these concepts are displayed with pictures here or a more detailed and technical explanation can be found here.

The same applies to games that require a random number such as roulette. This can all happen in the background without you realizing it or you can use third-party online tools such as quick hash.

If you are cryptography and code literate you can check it for yourself by following these instructions. If that is not your idea of fun then you could rely on independent trustworthy experts that have done the verification for us. But then we are back to trusting someone which is what we are trying to avoid.

FortuneJack Casino Launches New Live Dealer Games From Ezugi

Fortunejack casino has some exciting news coming for you! A top-tier Live Casino action! Ezugi brings chic and freshness to the new deal at FortuneJack. Now you can pamper your players with Roulette, Blackjack, Baccarat, Number Betting, Auto Sic-Bo, and more!

Ezugi dealers are skilled and friendly, the games are thrilling and features-heavy, and the winning potential is always hot.

Ezugi is an innovative software developer that has been in the online gambling industry since 2013 and has already earned quite a reputation in the live dealer games industry. The live dealer software provider is fully dedicated to offering their customers an unparalleled gaming experience, with the immersive casino action, streamed live in high quality from studios in Costa Rica, Belgium, and Cambodia.

An Apology From Betcoin.ag

This apology was issued by Betcoin.ag on December 28th, 2017
Betcoin.ag will distribute the Bad Beat Jackpot to players and would like to apologize for not handling this matter efficiently and expeditiously.

First and foremost, we would like to apologize to the great players that have played with Betcoin.ag over the past 4 years. We apologize to you, because our research indicates that Betcoin.ag has not taken the very best care of you. We also apologize for not handling the Bad Beat Jackpot matter in the most expeditious and fair manner as possible for all of you great players.

Betcoin.ag is now committed to addressing your concerns in the most professional manner and immediately handling player concerns. We are very excited to be improving the overall culture. As our first matter, we believe it is necessary to distribute the Bad Beat Jackpot based on the percentages to players who have contributed to that Jackpot through the years. We will be calculating the totals over the next week to two weeks and expect that all distributions will be posted to player accounts by the second week of January 2018.

ICO Underway for DAO.Casino: Provably Fair Gambling

DAO.Casino, the Ethereum-based gambling platform building a decentralized, transparent gambling platform which will offer provably fair games, has launched its crowdsale and reported significant success, with over $12,000,000 worth of tokens sold on the first day of the token sale. The token distribution began on the 29th of June, 2017 and is set to end in 28 days, or when the maximum cap is reached.

The cap on the crowdsale is set at $25 million. The initial price for tokens was set at 2,000 BET tokens for 1 ETH for the first day, and during the following two weeks, 1 ETH will be worth 1,800 tokens. At the time of writing, the total value raised is approximately 13.5 million USD – or 45,090 ETH. Of this revenue, 60% is to be put towards research and development, 20% for operational costs, 15% for marketing and 5% set aside for legal purposes.

Designed to provide a bankroll backer and randomness amongst other benefits, the DAO.Casino platform is intended to grant game developers a degree of freedom from casino operators when developing products. It will provide incentives for operators to prove the fairness and integrity of their platforms. DAO.Casino is transferring the different processes required to enable gambling onto Ethereum to take advantage of the benefits of blockchain and to create an interoperable gambling industry entirely on the blockchain.

Some of the existing problems that befall online gambling that the platform aims to solve include: the risk of fraud on behalf of online casinos, the inability to check the result of a draw, high and hidden fees, a prohibitively high entry level for the game developers, high costs associated with running an online casino, and operations overheads such as integrating payment systems and user account balance management.

The initial release of DAO.Casino uses the Signidice algorithm to solve pseudo-random number generation and up to the launch, games released will use this algorithm.

In its whitepaper, DAO.Casino describes the use of the Signidice algorithm as ‘suitable for those Ethereum-based games, where the outcome of every round for the player depends only on the RNG and (optionally) the number, chosen by the player, but not on the action of other players. E.g. it may be suitable for roulette, slots, etc., but not for those games, where the outcome depends on the other players or just their number, as may be the case in lotteries.’

The whitepaper also details the following example of a game of roulette is modeled as a number of rounds, with a single player playing against the casino using the following sequence:

1. The casino generates a new pair of private/public keys (PrivKey and PubKey) for some deterministic signing algorithm (e.g.RSA).

2. The casino creates a smart contract, which contains the public key (PubKey), the maximal number of participants, and the Ether bounty. (Optionally: casino changes PubKey of the existing smart contract).

3. The player chooses the number to bet on (B), and a random number (R) in a certain format (e.g. 20 bytes). The player might even specify the range of numbers B if the rules of the game allow it (odd vs. even, etc.).

4. The player sends a transaction (TX) containing the Ether bet, along with the data: B and R.

5. The contract checks validity and format of the numbers B and R. Invalid TX are rejected.

6. Additionally, the contract checks if the number R has already been used by this player in previous rounds, in which case TX is rejected. (This step is necessary if the contract is reused for multiple rounds of the game).

7. The contract concatenates the random number R with the public address (A) of the player’s Ether account, from which TX was sent: V = A + R. The resulting value V is stored in the contract. The size of V is always the same: size(V) = size(A) + size(R). At this point the outcome of the round (win or lose) becomes deterministic.

8. The casino must sign the resulting value V with its PrivKey, thus producing the digital signature S = sign(PrivKey, V), and send the corresponding TX, containing S.

9. The contract recovers the actual public key (K) from the digital signature S and verifies that it is equal to the previously published PubKey (K == PubKey). If APK does not match PubKey, or if the casino fails to perform step 8 within a predefined time frame, it is tantamount to cheating. In this case, the contract sends the bounty to the player along with the original bet, and the contract is closed via suicide. (In case of multiplayer game, the bounty is shared between all players).

10. The contract uses S as a seed for the predefined PRNG algorithm (e.g. SHA-3 based), which produces the lucky number (L), e.g. between 0 and 36.

11. If B corresponds to L, the player wins, otherwise casino wins. The contract sends the bet to the winner.

12. Now the casino may close the contract and recover the bounty, or initiate a new round of the game. Alternatively, the contract might be programmed to automatically proceed to the next round, unless the casino closes it.

This method shows provably fair gambling and avoids manipulation of the outcome by either side whilst also giving the opportunity to the operator to advance payments in order to generate goodwill.

With its innovative new approach, DAO.Casino aims to create an open ecosystem that anyone can integrate and interact with. Soon it will be looking to collaborate with traditional online casino operators who are prepared to implement blockchain technology. Details of plans to form a consortium for collaborative research and running pilots is expected in the future.

FunFair the world’s fastest Ethereum casino platform.

FunFair Debuts Fastest Online Roulette Game on World’s Fastest Blockchain Casino Platform
Roulette Game Delivers Higher Player Winning Potential Using Pioneering Ethereum-powered Fate Channels Technology.
About FunFair

FunFair is the world’s fastest Ethereum casino platform. It’s also the first blockchain platform and protocol to make online casino games fun, fast, and fair. The company’s combined 40 years of experience building gaming and casino software means players benefit from beautiful, intuitive games that have bigger payouts and are always provably fair. Using its first-of-kind Fate Channel technology and Ethereum smart contracts, FunFair offers the ultimate casino experience – complete transparency, astonishing efficiency, and unrivaled gameplay. FunFair is a developer of the platform, protocol, and games. The company licenses these games to operators and does not operate the games directly. Founded in 2017 by Jez San, Jeremy Longley, and Oliver Hopton, FunFair is headquartered in Singapore with offices in London, Isle of Man and Malta.