I have to say that even though you prob consider this sort of a 'ironic post' I personally think that E-game betting is something that is 100% a great idea. Maybe Starcraft and League of Legends.
Not ironic at all - except I'm not Korean. It's a whole new underexplored area. And gamers have to spend the bitcoins they mined with their GPUs  I agree. HUGE SC2 and Broodwar fan here. As an ex-SC player, I'm in. What other e-sports are big? |
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Based on what I can tell, then, you have:
41.15 BTC
28.59 BTC
That's your profit over 2 months (after every expense is paid)?
So let's round that up to 35 BTC a month.
If this is correct, that lands ~10 year ROI (based on profit at current levels), which is a little high but based on what I've seen I think this can be shortened considerably over time. Your valuation *does* go hand-in-hand with your revenue, so that's perfect. Just have to decide how much risk is too much here...
@xchrisxsays - seriously? The company I put down was going for over 800k in valuation on a company that 1) hadn't even been created yet and 2) had absolutely no income. How can someone possibly value an idea at nearly a million dollars? If you really believe in that crap, I've got tons of ideas I can sell you and I'll let them go for a fraction of that (250k each). Making stupid investments is how you lose all your money.
Ranlo - I think we're on the same page! Lot's of factors to consider. Simply put, our goal is to be far and away #1 in non-dice bitcoin gaming - and we appear to be on the growth trajectory to reach that. By my estimates, we have roughly close to a 5% chunk of that market now, and growing. Our shareholder's support & input will be a huge part of us getting there. |
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No worries, we're more than happy to explain our IPO process and be transparent! If anyone prefers to PM me to discuss, that's welcome too. On NHL / Starcraft - It's all coming! We have the feeds etc. ready to cache - just a bit of work for each "league" to add it in. Maybe I'll start a poll so we know what order to prioritize *edit* - I've just been corrected - We have NHL - just no games! |
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So how does $10k (let's estimate each BTC as being $100 and just say it's 100 BTC) + 625 BTC somehow end up being worth 4860 BTC? Based on my mathematics that's only 725 BTC (and that is a LOW estimate), far from being even close to your valuation.
Where's the other 4155 BTC coming from?
Current assets, go into but are not the only thing guiding the valuation, in brick and mortar 2-5 year profits are utilized to value the company in a sell. uvwvj, Exactly, I think that's the payback period "pitched" for many franchises out there. |
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I read through the prospectus but there's a couple things not clear:
1) How much did your Pre-IPO investors pay per share?
2) What are you bringing to the table that is worth 70% of the shares total? What is the investment amount so far, etc.?
Great question - Let me know if I can elaborate further: 1 & 2 - This can be approximated by viewing our current assets ($9,840.00 & 677.3100 btc minus player balance ~52 btc) divided by 15% of shares sold pre-IPO, and what founders contributed as well, which is significant. The IPO price is based on the same model we've used for all pre-IPO investors, increasing over time in part based on growing weekly earnings. As we've had significant private offers for funding, our Havelock IPO is not so much about money, but outreach to smaller investors and increasing our profile. In addition to a significant amount of assets already (book value), we are bringing years of development, management, marketing etc. experience to the table, resulting in continued growth & success of CasinoBitco.in. As almost all development & effort is handled internally without a salary, we're putting in a lot of hard work in, and will continue to do so. So how does $10k (let's estimate each BTC as being $100 and just say it's 100 BTC) + 625 BTC somehow end up being worth 4860 BTC? Based on my mathematics that's only 725 BTC (and that is a LOW estimate), far from being even close to your valuation. Where's the other 4155 BTC coming from? Sure - and great question - The amount you calculated is "book value". So, our IPO can be calculated at very roughly: 725 + 540 raised in IPO (if successful) divided by 5400 valuation = a 4.27 x Price/Book value. Assets, unless distressed, are typically priced well over book value based on future growth/return prospects (example, Tableau Software, a recent NYSE IPO, is showing a 21.09 ratio on Yahoo Finance) |
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I read through the prospectus but there's a couple things not clear:
1) How much did your Pre-IPO investors pay per share?
2) What are you bringing to the table that is worth 70% of the shares total? What is the investment amount so far, etc.?
Great question - Let me know if I can elaborate further: 1 & 2 - This can be approximated by viewing our current assets ($9,840.00 & 677.3100 btc minus player balance ~52 btc) divided by 15% of shares sold pre-IPO, and what founders contributed as well, which is significant. The IPO price is based on the same model we've used for all pre-IPO investors, increasing over time in part based on growing weekly earnings. As we've had significant private offers for funding, our Havelock IPO is not so much about money, but outreach to smaller investors and increasing our profile. In addition to a significant amount of assets already (book value), we are bringing years of development, management, marketing etc. experience to the table, resulting in continued growth & success of CasinoBitco.in. As almost all development & effort is handled internally without a salary, we're putting in a lot of hard work in, and will continue to do so. |
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Havelock has been very engaged and great to work with through this process - and looking out for the benefit & well-being of his users through due diligence, research, and focus on transparency.
We're excited to continue to be a part of Havelock Investments, and to work hard for the interests of our shareholders & grow CasinoBitco.in!
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Attention Players! Suicide League update!
Despite getting a ton late sign-ups now, some of our early guys need to come back and pick their teams for Week 1, just days away!
To select your team for week 1, just sign-in, click "manage" next to your entry, and select a team. If you can't find your password, PM or email us.  If you still need to sign-up -there's still time! We are still taking registrations in the free league, and our paid .25 and .5 BTC leagues still have overlay available - this means free money is up for grabs if we don't get 10 sign-ups each, as we're guaranteeing 2.5 and 5 BTC each, respectively! We only have 5 sign-ups for .25 and 8 for .5, so it's a great opportunity to win some money on top of the free league.  Up to 108 registrations!!!
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Attention Players! Suicide League update!
Despite getting a ton late sign-ups now, some of our early guys need to come back and pick their teams for Week 1, just days away!
To select your team for week 1, just sign-in, click "manage" next to your entry, and select a team. If you can't find your password, PM or email us. If you still need to sign-up -there's still time! We are still taking registrations in the free league, and our paid .25 and .5 BTC leagues still have overlay available - this means free money is up for grabs if we don't get 10 sign-ups each, as we're guaranteeing 2.5 and 5 BTC each, respectively! We only have 5 sign-ups for .25 and 8 for .5, so it's a great opportunity to win some money on top of the free league.
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Flood of new players coming in as we run out of time - 92 registrations now!
If we added a guarantee to our paid pools, would that spark more folk's interest?
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Whats the over under on Texas AM wins this year? I like the under
Line is currently off anywhere - any idea why? |
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Caching is now live.
This will speed up page loading and help with adding more teams/odds- Any requests?
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Let's go guys!
1 Week left!
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75 users now - we are considering a new landing page to make it less confusing to register UPDATE: We now have NCAAF Lines. Check 'em out! |
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Amount has been deposited to Casinobitco Account, wanting to place 0.25 BTC (250 credits) on WV Mountaineers for over 6 at -115.
THANKS GUYS!
Confirmed! Check your account to see open ticket  Thank you!! |
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Thanks for accepting the bet and paying out quickly!
We pride ourselves on our instant cashouts! Nice home run on your wager  UPDATE:
NCAA Football Odds are now live! Please give us a day or so to speed up the page loading. |
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uv we will take your bet, same as with KOS today. Simply deposit and reply here, I will confirm and get you a manual ticket in your account. We're working on adding some bovada/betonline items anyway, so soon enough options like these will be live |
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Done - Please see PM. Bet is accepted, manual writeup ticket incoming. GL and thanks! |
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Hey KOS,
Saw your post - as a promo offer, we can accept up to the max bet at -140 (5Dimes line) (we are working on adding props to our lines soon)
Simply deposit the amount you wish to bet at CasinoBitco.in, reply here, and we'll enter it asap!
Good luck man!
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