SatoshiDice Player Bets 0.02 BTC, Wins 1280 BTC

For the first time, someone bet on "less than 1" at SatoshiDice and won, turning 0.02 BTC ($0.60) into 1280 BTC ($38,000).

The odds of winning were 0.0015% or 66666:1 (haha, very funny guys).

You can see the transaction here.

Shameless plug: if you're looking for a place to test your luck with Bitcoins, be sure to visit betwithbtc.com.

Read more »

Bitcoin Gambling Site Earns $230,000 in December; Raises Eyebrows

SatoshiDice just announced their revenue numbers for the month of December, and they were record-breaking (all numbers in Bitcoin):

---

December Statement

Summary:

Earnings: 17,266.45
Hosting/Tech Expenses: 60
Loss Carryover from Nov: 0

Net Profit 17206.44888669

Volume over past 30 Days 527,708.52
Expected Profit over past 30 Days 10,026.46
Actual Profit over past 30 Days 16,632.74

Updated P&L 

---

Almost as impressive as their earnings was the cost of their overhead, an astoundingly small 60 Bitcoins.

You can read more about SatoshiDice in a previous article, here.

Read more »