6 comments on “Dragon’s Tale – Play to win Bitcoin

  1. Reblogged this on Benson's Blog and commented:
    Here are the rules on this. From the ingame instructions

    You can always cash out at any time, even right after buying Bitcoins.

    Of course doing that costs us quite a bit: We have to pay the credit card gateway their fees (about 3.5% cashing in and 3.5% cashing out), buying Bitcoins on your behalf (1%) and then selling them (1%). We also set aside 3% for credit card fraud.

    When you play “normally” we’ll eat all these fees with one exception, noted below. However, since you’re reading this, you probably want to know the details.

    When you buy Bitcoins, we secretly record an estimate of how much it would cost us if you were to immediately cash them out. Then as you bet, we estimate how much we’re making on each bet. It’s not based on whether you win or lose, it’s a statistical average, usually about 2% of bets. Games where we never make anything (Beetle Racing and PvP games, for instance) don’t count.

    As long as we’ve statistically covered the cash-in-cash-out costs, we don’t charge anything. Other gambling sites have a concept of “Playthrough” – if you’re used to thinking in these terms, a 6x playthrough gets you a free cash-out.

    If you cash-out before qualifying for a free one, we’ll just deduct our estimated cost. There’s a little meter to the right of your balance showing how close you are to a free cash-out.

    There’s one exception to this: If you cash-in on a non-UK Mastercard, then the only way for us to get winnings to you is by wire transfer, and that costs us 20 Euro. If you’re cashing out to a non-UK Mastercard, we ask that you cover that cost. We’ll even waive this for our best players on a case-by-case basis. Our credit card processor has promised that this wire-transfer-only restriction for non-UK Mastercard cashouts will be removed in late 2012.

    And finally – as Dragon’s Tale grows, some of our costs will go down. As this happens, we’ll lower the fees and/or play requirements for free cashouts.

  2. You really make it seem so easy with your presentation but I find this topic to be really something which I believe I might never understand. It seems too complicated and extremely huge for me. I am taking a look forward for your subsequent post, I¡¦ll attempt to get the dangle of it!

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