Gambling Dapps: An EpicDice Review
EpicDice a Decentralized Application Built on the Steem Blockchain
EpicDice is a gambling game where you can wager Steem that a random number generated between 1 and 100 will be below the number you choose. The odds and the payout are dependant on the number selected. For example, if you choose 95 (the safest bet), then your payout will be 1.043 x if the random number is below 95. If you bet that the outcome will be below 2 (the most dangerous bet) and a 1 shows up, then your payout will be 98 x your wager. The house wins 2% in the long-run and in the event of a tie, you lose. EpicDice is similar to other gambling DApps built on Steem such as MagicDice
Trust is not an issue with EpicDice, each bet has a transaction ID that is forever stored on the blockchain; you can verify every single roll. There is no way of cheating for either the player or the house. There is no indication that EpicDice is manipulating the volume on their casino and they have not promised anything which hasn't been delivered. There were issues with MagicDice pre-mining and changing the dividend payout rates and Steem-bet arbitrarily raised their token amount by 5x and runs a bot network mining their own dividends. You can read more about that in an earlier post I wrote https://steemit.com/blockchain/@crypticat/lack-of-integrity-on-the-blockchain-a-steem-bet-web-of-lies. Integrity extremely important on the Steem Blockchain and EpicDice seems to get that.
Weekly Betting Contest
)EpicDice has a weekly betting competition to drive volume, whomever bets the most gets at least 100 Steem, the winner in the image is cut off because I wanted to show that I am in 7th place. I hope to finish in the top 10 to get 10 Steem for re-steeming an earlier post-https://steemit.com/epicdice/@epicdice/weekly-bet-contest-with-over-500-steem-prize-pool.
EpicDice also plans on issuing their own token in the future so players can receive dividends according to how much they have played an how much they have wagered. They promised to retroactively pay stakes to anyone who has ever bet on their site. They are finalizing the whitepaper or dividend scheme and should release it soon. Let's hope they don't change their payout structure after they publish it (Looking at you @magicdice and @steem-bet)
Another great thing about EpicDice is their simple yet attractive interface and their referral system. If you click on my referral link https://epicdice.io/?ref=crypticat and gamble with it, I will upvote any post of yours and may even buy you an SBI share @steembasicincome or provide you with a Steem-Bounty Upvote. Please don't gamble if you are not allowed to legally gamble and have fun.
I highly recommend you try out EpicDice!
https://epicdice.io/?ref=crypticat
This post was written as an entry in a contest hosted by EpicDice found here
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This is broken
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you must prove in a screenshot you used my referral to qualify https://epicdice.io/?ref=crypticat
I haven't tryed a dice betting game on steemit yet.... Noing my luck I will loose all my steem haha
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Did you just upvote yourself and win the entire bounty? Lucky you
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I didn't upvote myself. That account seems to upvote my comments every now and then. Somehow I did win the entire bounty. Cheers for that
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You're lucky after all!
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Very lucky this time around haha 😁😁
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Thanks for the review. It seems EpicDice has been more transparent and well structured and looks more sustainable. Magic Dice is going away 5M tokens a day from 7 Billion supply to just top 15 players daily. This isn't so great for proper distribution. Rich will get most of the pie. Then they might just leave the whole thing after Tokens have been horded.
You're right about Magicdice paying too much for top gamblers (which are automated clickers for the most part mining.) I have a feeling that soon the amount of people playing will plummet especially after then next dividend halfing or two and those miners who lost a fortune will need the extra tokens to gain it back. The rich always get most of the pie, just don't mistake these platforms as investments. Playing a little is always the way to go, never chase prizes I'm sure most of those top players will never win it back.
Gambling and DApps evolve quickly as soon as there is something more profitable for small players with better graphics and less of a rake we will move on and the largest token holders will be carrying bags.
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Wow! Before now, I had only seen the name EpicDice listed among gambling platforms on Steem and this was actually in a poll question at dPoll.
I truly love this review and I am happy to learn about this platform.
That said, does EpicDice have a delegation plan?
Maybe I should tag them as well! @epicdice
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thank you!! i will use it D:!
send a screenshot when you have
Good review of epic dice :)
Even I'm not a big fan of gambling, usually I only bet only small amounts, I will give it a try !
But I still think gambling dapps are a good way for development of the steem blockchain !
Let me know when you try @epicdice and good luck!
Tried it a few times but I don't think I'm lucky :D
do you have a screenshot of using my referral? I can't really see them yet
Nice, I'm all for anything gambling related.
I haven't played much dice games so this one doesn't peak my interest a great deal but I still might check it out.
It's easier to use and more fair than others i've tried. Good Luck!
@crypticat, I don't play Betting Games but this game received effective adoption on Steem Blockchain. And Steem Blockchain is slowly becoming Gaming Hub.
Sometimes that's the best way to win! Thanks for dropping by
Welcome.
1..2..3.. go go go!
Ah, é muito interessante que os cassinos começaram a usar. Eu acho que é o nosso futuro real onde a IA está fazendo muitas funções diferentes. Quanto a mim, agora gosto de cassinos e prefiro https://www.pinuponline.pe extras. Claro, é muito confortável jogar porque é muito simples e muito bonito.