Bustadice Review

For each bet the outcome is randomly chosen between 1.00x and 1,000,000.00x. It’s up to you to guess a target that you think the outcome will exceed. If the bet’s outcome falls short of your guess, you lose your wager. But if you guessed correctly, your wager is multiplied by your guess.

Do you take the conservative route and guess that the outcome will exceed just 1.1x, or do you chase the 1,000,000.00x multiplier?

Bustadice’s Terms of Service page states that users who are citizens or residents of any of the following jurisdictions are prohibited from using the service: Aruba, Australia, Curaçao, France, Netherlands, Sint Maarten, and the United States of America.

However, according to Bustadice owner “devans”, Bustadice’s default assumption for any given user is that they are not prohibited from using Bustadice. A KYC check is only necessary if they have a specific reason to believe that someone is prohibited from using Bustadice, e.g. if they themselves claim they are underage in chat. It’s worth noting that due to the prevalence of VPNs, accessing Bustadice from an IP address in a prohibited jurisdiction is not sufficient to trigger a KYC check.

If a player attempts to register at Bustadice from within the United States, they may be prompted with the following message: “Warning: Your IP address appears to be from United States of America, a jurisdiction in which we can not legally accept players. Occasionally this a false positive, e.g. the result of connecting through a proxy server in United States of America. If so you may continue provided you are located and reside where such a service is legal. Please remember that is your obligation to obey local laws at all times.”

“Ultimately it’s up to the user to ensure that they always complies with their local laws.”, says devans in this Bustabit BitcoinTalk thread.

The bust point for each round at Bustadice is randomly generated by a hash chain whose seed itself was randomly generated. Once created, the hash chain and the crash points cannot be tampered with by anyone.

You can verify that each random bust point belongs to the Bustadice hash chain by inputting any game hash here. For more information on the validity of each game, check out the Bustabit v2 Seeding Event thread on BitcoinTalk.

Regarding security, if you happen to find a bug in the Bustabit website, players are encouraged to contact site administrators immediately. Bustabit will offer you a payment proportional to the severity of the bug, paid in Bitcoin. You can report any bugs you find using Bustabit’s support form.

Bustadice has a house edge of 1.0%. The expected return of each wager is displayed below the multiplier, labeled “Win Chance”.

Fraud, collusion, fixing or any other actions which can be considered unlawful are strictly forbidden at Bustadice. In the event such activities are taking place, Bustadice reserves the right to close your account and invalidate any betting.

Bustadice may report any suspicious transaction to the relevant authorities in order to prevent money laundering. Members shall report all suspicious activities related to Games or Services he or she may observe to Bustadice. In accordance with the Prevention of Money Laundering Act, Bustadice may suspend an account and withhold funds.

Bustadice is licensed and authorized by the Government of Curacao and operates under the Master License of Gaming Services Provider, N.V. #365/JAZ as an Information Service Provider. They have passed all compliance and are legally authorized to conduct gaming operations for all games of chance and wagering. You can view their license here.

There are a handful of support channels available to players at Bustadice including support tickets, BitcoinTalk, Twitter, or by using the chat box located directly on the site. The in-site chat box is the fastest customer service resource, but if you opt to open a support ticket, simply click the “Support” link in the footer section of the website. You can also email Bustadice at hello@bustadice.com.

Bustadice is only equipped to accept Bitcoin. Any other currencies (such as Bitcoin Cash) sent to your deposit address will not be credited to your account and cannot be returned to you. As such, all player balances are denominated in Bitcoin, called bits. A bit is a millionth of a bitcoin (100 satoshis).

Bustadice instantly credit accounts after a single confirmation from the network. Deposit addresses will continue to work indefinitely. All payments to these addresses will be automatically credited to your account.

Old deposit addresses will continue to work indefinitely. All payments to these addresses will be automatically credited to your account. However, to protect your privacy you should avoid using the same deposit address more than once.

Please double check that you are sending the right tokens to your deposit account. If you send the wrong tokens to the wrong deposit address, those tokens could be lost forever, and Bustadice will not be able to provide any help in retrieving them.

There is a very small fee that needs to be paid for each deposit you make. This fee is not immediately charged, but exists “unpaid” until you make a withdrawal or transfer.

The rationale behind this fee is because in Bitcoin to receive a transaction there is a small processing cost (basically the cost to send or consolidate the output). This cost is generally pretty minor and most services generally instead bake it into the withdrawal fee. However by separating out as it’s own fee, Bustadice is able to accurately model true costs, and offer the most competitive fees possible.

For instance, a user who makes 100 small deposits (e.g. from faucets) and then withdraws it, will need to pay the associated fee that represents processing that, and it is not passed on to typical users.

If you don’t want to wait for your deposit to be confirmed, a pre-credit option is available for a 1% fee. Not all deposits are eligible to be pre-credited and your pre-credited balance cannot be withdrawn, tipped or invested until your deposit confirms.

Part of your balance may not be withdraw-able if you have unconfirmed pre-credited deposits or are participating in the current game. As such, only choose a non-immediate withdrawal if you are prepared to wait at least 24 hours.

Your withdrawal will be sent from the Bustadice hot wallet, so do not withdraw to any site that uses the sending address, or returns to sender, because any returns may probably be credited to a different player.

For maximal privacy, make sure to use a Segwit enabled address (should start with 3) and use a fresh address for each receive.

Players at Bustadice can bet on the house (i.e. become bankrollers), and their bet is added to the bankroll such that they win when the house wins and they lose when the house loses.

The bankroll itself is the pool of money that the house uses to pay out winners that bet using the Bustadice multiplier. The max profit that players can win from a round of the game is determined by the size of the bankroll. The larger the bankroll, the more players can win.

Each player can only win 1% of the bankroll per round. Similarly, all players combined can only win 1.5 % of the bankroll each round. Every time a player makes a bet, 25 % of the 1 % house edge is awarded to the house as commission. The rest of the house edge is awarded to bankrollers.

Every time you bet on the house, 2 % of your bet is paid out to the other bankrollers according to their stake in the bankroll. Put another way, every time somebody else bets on the house, you are awarded a portion of their 2 % dilution fee.

For example, if you bet 1 BTC on the house, then 2 % (0.02 BTC) of your house bet is spread out among the other bankrollers, and the remaining 0.98 BTC is added to your stake.

Furthermore, Bustadice receives 50% of the bankroll’s net profits as a commission. For example, say the bankroll’s all-time high profit is 100 BTC, its current profit is 99 BTC and players combined lose a total of 4 BTC in a round. 3 BTC of that is net profit (exceeding the previous all-time high), so Bustadice would receive 1.5 BTC and the remaining 2.5 BTC would go to the bankroll.

To capitalize on the dilution fee system, you will want to bet as much as you can on the house as early as possible. As you maximize your stake, you maximize your claim on future dilution fees.

Bustadice does not offer any deposit bonuses or promotions at this time.

Bustadice’s sleek user interface is simple, yet effective when opened from any laptop, desktop computer, or mobile device – There is no client required for users to download and the in-browser software used for the betting platform functions seamlessly without lagging.

According to DiceSites.com, a website that tracks, analyzes, and compares the results from many of the top dice sites in real-time, Bustadice is regarded as one of the best dice sites in terms of max profit potential, total amount (Ƀ ) wagered, and raw number of bets placed. [1]

For millions of people, gaming is a form of entertainment, but for some individuals who may have a gambling problem, it can be very difficult to stay away. Bustadice acknowledges compulsive gambling behavior and even provides a link to GambleAware and Gamblers Anonymous in their FAQ under the Gambling Addiction sub-topic. You can read more about Bustadice’s commitment to responsible gambling here.

Responsible gambling is a very serious topic and is actually one of the first factors we investigate when reviewing online gambling sites. We at GamblingSiteFinder.com advise everyone to proceed with caution at any online gambling site that does not have this information readily available to all customers. For more information, please read this article on problem gambling.