I find it strange that the total amount won in the Casino for the period is lower than basically all other periods of comparative length (4 weeks, instead of 2), even with the acquisition a pure casino site and the addition of another casino game at CBTC and decreased volume.
When do you convert money from the other currencies to BTC?
Hi Junigan - we assert this to variance. We do have a few recent players in the CBTC Casino that "hit and run" on a few of our games for a small profit - cash out, and come back the next day to to do it again. Of course over time this strategy will fail them, from my side - I'm closely monitoring the play - and am not concerned about the negative swings as it will come back our way. Regarding the alt-coins; we are planning on converting profit at the end of each month. For February we didn't convert any of the alt-coins as the profit in those coins was relatively low for the short time we've owned Bit777/Peerbet. |
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Hi Everyone - We just posted our monthly report on Havelock - it can be found here: https://www.havelockinvestments.com/reportdownload.php?id=70While we have a lot of positives outlined in the report, including increased traffic to CasinoBitco.in, and of course our acquisition of PeerBet and Bit777; we regret to say that our expenses outweighed our revenue so there is no dividend for the month of February. Our biggest area of weakness was in our Sportsbook - and from what we've seen, similar negative results are happening at our competition. Most have already increased vig, and decreased max bets to compensate. We will be doing the same in March, as well as adding 7 other new features solely in the sportsbook to help attract more casual players. Much more data and analysis can be found in the report - I'll be around to help answer any questions. Thanks - Tim Depressing. Small bump in the road I hope! Does the +11.09 BTC in the Casino include PeerBet and Bit777? Yes it does, we've technically been able to claim revenue on those sites since the 13th of February. We'll have more of a breakdown for all the properties for our mid-month report on the 15th. |
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Can you provide more information on operating costs. How do we know you're not skimming the profits by claiming higher operating costs (I am not insinuating that this is occurring).
Can you also clarify your reasoning that bet volume was lower due to a higher price for bitcoins when the price was higher in Nov and Dec yet volume was higher then. A lower price would surely mean larger bitcoin bets and not smaller as suggested on page 4.
Also, SEO stands for search engine optimization, there is no need to call it SEO optimization. Inattention to basic details like that is concerning.
Hi - In the PDF, there is a link to the P&L which has a list of all expenses grouped by categorical area. If there is a question on a given expense, feel free to question it in this thread, or over PM. https://docs.google.com/spreadsheet/ccc?key=0AmSWZWkGJ1V3dDl0STVudkZBUm1fRTlXMUFzZ3dkUXc&usp=sharing#gid=13Bet volume is lower in February for a few reason, primarily there is no Football, also our max bet in Basketball (College and Pro) is much lower than it was for Football, or other sports we offer. Reason being, our historical edge thus far in Basketball is much lower than the other sports we offer. Good call on SEO |
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Hi Everyone - We just posted our monthly report on Havelock - it can be found here: https://www.havelockinvestments.com/reportdownload.php?id=70While we have a lot of positives outlined in the report, including increased traffic to CasinoBitco.in, and of course our acquisition of PeerBet and Bit777; we regret to say that our expenses outweighed our revenue so there is no dividend for the month of February. Our biggest area of weakness was in our Sportsbook - and from what we've seen, similar negative results are happening at our competition. Most have already increased vig, and decreased max bets to compensate. We will be doing the same in March, as well as adding 7 other new features solely in the sportsbook to help attract more casual players. Much more data and analysis can be found in the report - I'll be around to help answer any questions. Thanks - Tim |
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Still worried about your book? Come join us, as we are a publicly traded Bitcoin company at Havelock Investments. And remember our March monthly promotion March Madness Square competitions https://www.casinobitco.in/squares/CasinoBitco.in is hosting 3 diffent Squares, a Free Version* where we will add 1.0 BTC to the Prize Pool, and 2 paid versions with a price per square of 0.01 BTC and 0.05 BTC When are you paying out the winning squares? After each game, after each day, after each round, after the tournament is over? Great Question! We'll be paying out after each round, and will have a public tally board on CasinoBitco.in to show winners / payouts! |
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The only sportsbook with a provably fair Bitcoin Casino --- http://www.casinobitco.inBit777.com, owned by CasinoBitco.in - offers over 50 casino games and accepts 7 different altcoins, including Bitcoin. PeerBet.org, owned by CasinoBitco.in - is the only 0% house edge game that also accepts 7 different altcoins, including Bitcoin. You should definitely consider adding these sites to your list, or doing a simple google search to see how the true top players are. |
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PeerBet.org and Bit777.com sites are up and operational following the DDOS attack.
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PeerBet.org and Bit777.com sites are up and operational following the DDOS attack.
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PeerBet and Bit777 users; both sites are still under a pretty heavy DDOS attack. Our team is working on correcting the issue with a shorterm fix, as well as sizing out new servers as we migrate everything over to the CasinoBitco.in stack. Your funds are safe and fine, just some annoyance from the DDOS. Bare with us!
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PeerBet and Bit777 users; both sites are still under a pretty heavy DDOS attack. Our team is working on correcting the issue with a shorterm fix, as well as sizing out new servers as we migrate everything over to the CasinoBitco.in stack. Your funds are safe and fine, just some annoyance from the DDOS. Bare with us!
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Just wanted to let the community know that CasinoBitco.in is up and running, and will gladly take your sports action if your other book is less reliable.
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Folks - we're experiencing some downtime with the server, the team is working on resolving it - should be back soon.
Moving DNS / Nameservers to the CasinoBitco.in stack, will be down for a while longer - apologies for any inconvenience! |
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Folks - we're experiencing some downtime with the server, the team is working on resolving it - should be back soon.
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Folks - we're experiencing some downtime with the server, the team is working on resolving it - should be back soon.
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We are kicking off March Madness Early! Check out our March Madness Squares Pool to get into the action! http://www.casinobitco.in/squares/As we get closer to the tournament, we'll be adding tons of props and other exciting wagers to spice up the action! |
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Guys - CasinoBitco.in purchased Bit777 and Peerbet on 2/13/14.
We are still reviewing old arrangements the previous owners had in place. As the owner of all these properties, it's my job to ensure any money / BTC we put in to advertising has the maximum ROI and is essentially "worth it". Our analytics team is reviewing the traffic coming from this signature campaign to determine whether we continue or disband it moving forward.
I appreciate everyone's patience as we sort this out - I expect us to have an update in the next few days.
I fully understand you need to review the signature ad program. You can take your time making decision whether to continue or disband it for the future, but you need to pay the existing participants on time. Of course, anyone that is eligible for the payment per the original rules will be paid for the month of February. We're still working on the exact details with the previous owners, so I'd advice anyone that wants to get paid to not change their signature (which will disqualify payment). Hang in there folks. |
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Guys - CasinoBitco.in purchased Bit777 and Peerbet on 2/13/14.
We are still reviewing old arrangements the previous owners had in place. As the owner of all these properties, it's my job to ensure any money / BTC we put in to advertising has the maximum ROI and is essentially "worth it". Our analytics team is reviewing the traffic coming from this signature campaign to determine whether we continue or disband it moving forward.
I appreciate everyone's patience as we sort this out - I expect us to have an update in the next few days.
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