Historically bustabit has done virtually no advertising, so players mostly find their way to bustabit through word of mouth and discussions in various forums.
Wagering contests are something that I think would be worth trying, as they are self financed while players are competing for it. Giving away something like 0.1% of the wagered monthly amount would create quite big prizes, while wagered BTC would probably be quite bigger than with no promotion. For example, from January 15 to February 15, 21293 BTC were wagered, so there would be 21.293 BTC in prizes. I doubt wagered wouldn't increase by more than 21.293/0.0075=2839.07 during that time. Also consider that there would probably be a positive effect after the promotion that wouldn't occur otherwise. Some new players would join who would continue playing, and contest prizes are likely to be gambled again, so they are unlikely to end up being a complete loss for the casino. Also wagering contests encourage low multiplier bets, which are preferrable for the casino as they cause less volatility than high multiplier ones. |
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I wonder how do users find the website, considering there's almost no activity in this thread.
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Gentleman92, welcome to the ignore list.
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One year ago today with the launch of v2, bustabit opened its doors to bankroll investors for the first time. Since then investors have contributed nearly Ƀ 3,500 to the bankroll and players have wagered over Ƀ 320,000.
To all of our players and investors alike: Thank you for your continuing loyalty and trust! =)
Congratulations. Those are huge numbers. What percentage of the wagered amount is approximate profit? Expected profit. 0.75% of wagered. |
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Cool decent numbers. Mr. Lutpin I can see your name with some huge investments there. Are you the owner or partially? Or just someone with big investments there? You know the owner/s personally? Thanks.
Did this every get answered, or are the owners of this site public in any way? Do investors "own" anything or are they essentially just gambling by sending funds for a bankroll? Everything in life is "gambling", there's nothing 100% safe. Investors are part of the bankroll, and get 65% of the winnings that part of the bankroll generates. |
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How does this gaming site compare to other sites that take Monero? Are there any other major ones?
Which other sites are you referring to? |
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It would be very nice that you added the annualized returns next to ROI on the investments information.
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Just ignore him.  |
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I'm looking for places to invest BTC. Are there any decent options other than casinos?
It's possible to lend BTC at Bitfinex and Poloniex, but interest rates are ridiculously low. What else is there that isn't an evident scam (like ponzi schemes)?
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I deposited 0.20btc and when try to place a bet appear "Your account is blocked", Already send an email hours ago please solve it.
You're unblocked. I deposited 0.20btc and when try to place a bet appear "Your account is blocked", Already send an email hours ago please solve it.
Scammed bro . Best of luck next time Best of luck to you too.  Does the investors's profit shown on the website include fees or is it before fees?
Where excatly are you checking the profit? On your website. Invest, chart. Chart include 30% fees. So is that the real profit investors had or is it before fees were paid? |
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I deposited 0.20btc and when try to place a bet appear "Your account is blocked", Already send an email hours ago please solve it.
You're unblocked. I deposited 0.20btc and when try to place a bet appear "Your account is blocked", Already send an email hours ago please solve it.
Scammed bro . Best of luck next time Best of luck to you too. Does the investors's profit shown on the website include fees or is it before fees?
Where excatly are you checking the profit? On your website. Invest, chart. |
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Does the investors's profit shown on the website include fees or is it before fees?
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It has decreased, it's technically at 5  . @ethan, maybe now is a good idea to invest in the bankroll also as we look to be due a correction. I haven't pulled any funds out anyway. It wasn't much of a loss... What do you mean? Yesterday I was able to open investments in all 3 currencies at 1:10. About the second point, that's gambler's fallacy. However, expected returns are actually higher if wagered is expected to stay at least the same, as now the bankroll is smaller. |
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The new promotions will be interesting to watch.
I wanted to ask, while on the bankroll thing, if you get a percentage bankroll figure that remains fixed, if a lot of the bankroll gets pulled out, does the amount you have go down quite significantly?
A leverage of 1 means youre risking 1/10th of the people on a leverage of 10 I don't think that's a big deal at all because leverage is just the amount of risk you're taking.
How the fuck is not a big deal if your profits are halved. Well, they are divided by 10. I don't like this high leverage at all, but I'm just using it as the rest of investors. Otherwise the expected return is just too small to justify the risk. In my opinion, the maximum allowed leverage should slowly decrease as more people invest. |
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Stop playing here, the owner doesn't deserve it and you can read in this thread several cases of people complaining about not being able to withdraw (although I didn't have any problem withdrawing BTC recently, but there are lots of XMR complaints). There are plenty of decent and honest casinos with fast and responsive support, like Bustabit, Bustadice, Yolodice, Crypto Games...
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Are there any plans to allow ETH investments?
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With the bonus feature (sadly) gone, does anyone know of any sites still offering such a thing?
Or, has there been any consideration made to bringing it back as a separate side game? Also, is there any info out there on the new ownership?
It's owned by devans. |
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Website looks great and simple and since you are operating since 2014 i think about to invest in your bankroll.
Are the Shares/dividends payed out daily or on what frequencies ?
regards
Read the last pages of this thread. I wouldn't invest here. |
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Another question. Considering the current onsite and offsite bankroll, what percentage of the onsite bankroll would have the casino to lose so that a player with 1:3 leverage (1 onsite, 2 offsite) would lose everything she deposited?
Would it be 1/(investor's leverage/average leverage) ?
So in this example: 1/(3/(5243/2978)=1/(3/1.76)=1/1.7=0.59; 59% drop; 2978*0.59=1757 BTC lost by the casino
I think it's like this: The investor has 1/3rd of his investment onsite, and 2/3rd offsite. Wins and losses are added and subtracted from his onsite investment. If the total bankroll decreases with 1%, his total investment decreases with 1% (fees are not included in this example). Since the offsite investment profits are also added to the onsite investment, the offsite investment decreases with 3%. We can conclude that if the total bankroll loses 33.3%, the onsite investment would be 'used up', and therefore will be gone. With the current total bankroll that would be (.33333 * 5050BTC =) 1683 BTC Actually what you are saying is the same, but easier. You lose everything when the total bankroll (the number you use, 5050, which was 5243 in my example) drops 1/(your leverage). It's the same as when the real, onsite, bankroll drops your leverage/the average leverage. So the more leveraged other users are, the bigger the drop has to be based on the onsite number. In the extreme case that everybody was 1:3, the onsite bankroll would have to drop 100%, which is equivalent to the total bankroll dropping 1/3. |
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Another question. Considering the current onsite and offsite bankroll, what percentage of the onsite bankroll would have the casino to lose so that a player with 1:3 leverage (1 onsite, 2 offsite) would lose everything she deposited?
Would it be 1/(investor's leverage/average leverage) ?
So in this example: 1/(3/(5243/2978)=1/(3/1.76)=1/1.7=0.59; 59% drop; 2978*0.59=1757 BTC lost by the casino
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