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Coinroll. Coinroll 35 is a cryto-currency gambling website which accepts Bitcoin (BTC) as wagers. It provides a Satoshi Dice game Coinroll (F), where players can either wager on the 8 preset odds listed by the website, or choose an odds of their own. When further analyzing the data, we find that a few players placed an unusual large amount of bets, where the top player placed more than 11 million bets. Although these large number of bets prove the heavy-tailed distribution of the number of bets of individuals, we have doubts that these players are playing for the purpose of gambling. As we have pointed out, all the games discussed in this paper have negative expected payoffs. Indeed, prior studies have raised suspicion about the use of crypo-currency gambling websites as a way for money laundering 36 . We will therefore exclude from our analysis gamblers who placed more than half a million bets. For bets wagered on the preset odds, we find that more than 57% are placed under the odds 1.98, and we use these bets to analyze the wager distribution. On the other hand, since player-selected odds show a broader spectrum regarding the risk attitude of gamblers, we focus on the odds distribution of the player-selected odds. As already mentioned, we will exclude the bets from those players who placed at least half a million bets from our odds distribution analysis. Although crypto-currency has gained decent popularity in the financial and technological world, in this paper we still measure the wager/wealth deposited in forms of crypto-currencies in US dollars, since the wagers in skin gambling are measured in US dollars The historical daily price data of crypto-currencies (Bitcion, Ethereum, Bitcoin Cash) are obtained from CoinDesk 37 (for Bitcoin) and CoinMetrics 38 (for Ethereum and Bitcoin Cash)., book of sun multichance भारत में कैसीनो. Ethics for data analysis. The data collected and analyzed in this paper are all publicly accessible on the internet, and we collect the data either with the consent of the website administrators or without violating the terms of service or acceptance usage listed on the hosting website. The data we use do not include any personally identifiable information (PII), and we further anonymize account-related information before storing them into our databases to preserve players’ privacy. In addition, our data collection and analysis procedures are performed solely passively, with absolutely no interaction with any human subject. To avoid abusing the hosting websites (i.e., the gambling websites), the request rates of data-collecting are limited to 1 request per second. Considering the legal concerns and potential negative effects of online gambling 39,40,41,42,43,44,45,46 , our analysis aims only to help better prevent adolescent gambling and problem gambling. Parameter estimation and model selection. In our analysis, the parameters of different distribution models are obtained by applying Maximum Likelihood Estimation (MLE) 47 . To select the best-fit distribution, we compare the models’ Akaike weights 48 derived from Akaike Information Criterion (AIC). Note that analyzing the fitting results, we constantly found that players show a tendency of using simple numbers when allowed to place wagers with arbitrary amounts of virtual currency. As a result, the curves of probability distribution functions appear to peak at simple numbers, and the corresponding cumulative distribution function shows a stepped behavior. This makes the fitting more difficult, especially for the determination of the start of the tail. To address this issue, we choose the start of the tail x min such that we obtain a small Kolmogorov– Smirnov (K– S) distance between the empirical distribution and the fitting distribution, while maintaining a good absolute fit between the complementary cumulative distribution functions (CCDF) of the empirical distribution and the best-fitted distribution. Candidate models for model selection in this paper include exponential distribution, power-law distribution, log-normal distribution, power-law distribution with sharp truncation, power-law distribution with exponential cutoff, and pairwise power-law distribution. More details about parameter fitting and model selection can be found in the article by Clauset et al . article 49 as well as in the previous paper by the authors 8 . Data Availability. The datasets generated and/or analysed during the current study are available from the authors on reasonable request. References.
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