Its supposed to be standard deviation not variance, edited that mistake.
Using the formula for the standard deviation of a binomial distribution:  √[np(1-p)]
n= 18000 bets, p = 0.495 and (1-p) = 0.505

Could you please point out where my mistake is, because I looked at it again and I can not spot it. Also I don't see where you are wrong either although the method you are using is unfamiliar to me.

Can't believe you smart math guys keep arguing against idiots about this invest/divest stuff instead of using your smarts to do something like this. (The irony is that those idiots are actually correct at the moment, because right now being invested is -EV by itself).

Some quick back of the envelope calculations to show why you should probably all just divest:

Wagered on site: 3.6M
Expected profit: 36 000
Actual profit: -3 000

Site is 39 000BTC under expectations. Now let us simplify and assume all bets made were 200BTC bets. (The actual situation will have less variance than this because most of nakowas volume has actually been on bets less than this.)

Total bets made 3.6M/200 = 18 000

Variance of 18 000 bets of 200BTC at 49.5%: 200 * sqrt(0.495*0.515*18000) = 13 500

Site currently running 39 000 / 13 500 = 2.88 st devations under expected.

Conclusion chance of the site running this poorly by chance: Way less than 1%.

You guys keep saying trust the math, but your conclusion is all messed up. The math is telling you to GTFO, chances of something being wrong here is so high that staying invested currently is -EV!

That would be the reason why your bet was cancelled. Please note we try to keep all our start times accurate, but at times (especially with e-sports) games schedules can change suddenly and we may have games available which have started, or take games off the board which still have an hour or more before their newly designated start time.

If you bet before the match had started your wager would of course stand regardless of the start time listed on our website, according to the rules. If you believe you lost something which started already then yes you should contact support immediately (support@nitrogensports.com).

Please keep in mind we are trying to offer the community an honest and safe place to play and we hope that players do not try to take advantage of obvious errors. Mistakes do happen, but most of the time it is easy to spot those trying to take advantage. All it does in the end is load up the support team with more work!

Withdraw of bitcoins is automatic every 24 hours, (if you have no pending wagers) it will be sent back to the depositing address. You can also email support at any time to request a withdraw outside of the daily withdraw and they will try to accommodate this. Yes, you can contact support with your receiving address to be sure; it will stay locked with your account for all future withdraws.

Hi ctlaltdefeat,

Stakes would be returned if the game ended in a push or tie (with no draw wager available and according to rules), if the game was cancelled (did not take place) or if the game was rescheduled (beyond acceptable time according to rules).

Stakes would also be returned if you placed a bet after the match had already begun (ie. the match was already started).

If you believe your particular bet does not fall into the above categories, shoot me a PM or email support with your account information and we can investigate your particular case in more detail.

Thanks!

He answered the majority of those questions in the prospectus and in this thread already. He didn't issue more than $1m USD worth of shares... it's around $200,000 worth. Not really sure where you got that number from. Do your own due diligence no one is going to do it for you.