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If someone comes in and sees they are essentially being punished for betting bigger, by having worse odds, you will never get anyone sane to play big. That's what I'm saying.
With lower max bet you're effectively having a higher house edge for larger wagered amounts. |
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The whale showed us that large bets are risky for the house. Why not to change house edge with a bet size? So that someone could bet even 1000 bitcoins at once, but with a house edge like 20-30%.
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Agreed. Max bet at 1% was the only real chance of Nakowa going busto when he starts with his 300BTC bets. I'd rather lose my whole investment because of an incredible (and very unlikely) strike of bad luck, than just taking down the max bet which practically means that we won't be recovering our losses for months...
You are forgetting a very important benefit of lowering the max bet. With a lower max bet he will not be able to win as much by cheating before it statistically becomes obvious that he is. Depending on how large you currently think the chances of him cheating is, it might actually be +EV to let him continue with a 0.25% max bet... I've watched Nakowa gambling, and I'm obviously not 100% sure that he is not cheating, but I'm willing to bet my whole investment (which anyhow I can afford to lose) on the fact the he is NOT cheating, and thus I'd let him play with max profit 1% of the bankroll until he eventually go busto with his 300BTC bets. In fact, today I've watched him for at least 2 hours in a row. He is losing big time at the moment. I have the impression that if the max profit would not have been lowered, today he would be down many thousands and not just a few hundreds. I have the impression he would have started to push the max bet to recover his losses, which he is actually doing with 60BTC and 70BTC bets (the actual max profit), which eventually would have led him to lose a lot more. Of course this is wild speculation and impossible to know, but given the fact that nakowa has already won +15k coins from the site when the max bet was 4 times higher, lowering the max bet in my opinion is something that plays in his favor, because he won't be able to lose everything as easily as he won it - in fact it will be 4 times harder for him to lose everything, than it was to win it in the first place. That's how I see it... Exactly, the chances to get back to at least 0 are very slim now, it was a wrong time to make such a change. |
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48 hours passed, no more payments accepted. Thanks everyone for a great auction and fast payments!
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This week dividends forwarded to the buyers who didn't receive their shares in time.
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Please transfer you payments to my dividends address: 1GGizp9ZN9bCoUrQSurRyJJeQ9xyznbdeh.
Post your txid here, better if your address could be verified (your own the wallet).
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Winning bids: Username Shares Bid Total Result Price Escrow
499
TheAndy500 6 2.5 493 6 15
bobboooiie 6 2.5 487 6 15 TAT
truy 10 2.5 477 10 25
101111 15 2.49 462 15 37.35
therustytrombone 10 2.49 452 10 24.9 TAT
gominoa 12 2.49 440 12 29.88
finlof 10 2.49 430 10 24.9
shawshankinmate37927 25 2.49 405 25 62.25 TAT
Guajiro 100 2.49 305 100 249
TAT 165 2.49 140 165 410.85
JSMill 18 2.49 122 18 44.82 TAT
vortex1878 64 2.49 58 64 159.36
dhenson 25 2.49 33 25 62.25
caoxg 10 2.49 23 10 24.9
hwmax 23 2.49 0 23 57.27 TAT
Please correct me if there's any mistake. |
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Auction finished! Thanks everyone!  |
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10 @ 2.48
not sure if that's a valid bid - cutting it awfully close - anyone tally to this point? if invalid we should have hit closure (hopefully) Can't update the table fast enough, so we just wait for the last bid. |
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Does not match for me
You probably didn't copy text block properly, there were some spaces at the end. |
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Signed this block: Username Shares Bid Total Result Price Escrow
499
rb1205 20 2.44 479 20 48.8
finlof 10 2.44 469 10 24.4
jwest411 5 2.44 464 5 12.2 TAT
mog 10 2.43 454 10 24.3
bobboooiie 11 2.43 443 11 26.73
keis 5 2.43 438 5 12.15
gravito 68 2.43 370 68 165.24
runam0k 5 2.43 365 5 12.15
therustytrombone 10 2.43 355 10 24.3 TAT
TheOrri 17 2.43 338 17 41.31 TAT
huhai0978 19 2.43 319 19 46.17
gominoa 10 2.43 309 10 24.3
JSMill 17 2.43 292 17 41.31 TAT
shawshankinmate37927 25 2.43 267 25 60.75 TAT
hwmax 23 2.43 244 23 55.89 TAT
vortex1878 45 2.43 199 45 109.35
methax 10 2.43 189 10 24.3
freedomno1 15 2.43 174 15 36.45 TAT
epg 10 2.43 164 10 24.3
houseofchill 41 2.43 123 41 99.63
caoxg 10 2.43 113 10 24.3
luffy 10 2.42 103 10 24.2
acayne 100 2.42 3 100 242
TheAndy500 5 2.42 -2 3 7.26
pierrejo 20 2.42 -22 0 0 John K.
ausbitbank 15 2.42 -37 0 0
Jere.Jones 20 2.42 -57 0 0
PeterB 10 2.42 -67 0 0
zoro 10 2.41 -77 0 0
101111 15 2.41 -92 0 0
wonko 10 2.41 -102 0 0
bitdude 5 2.41 -107 0 0
Carleton 10 2.4 -117 0 0
jmutch 10 2.4 -127 0 0
Guajiro 100 2.4 -227 0 0
ANIMALPANCAKES 50 2.4 -277 0 0 John K.
innovation 20 2.4 -297 0 0 Signature: IDLYCO5+UkkNqBETDPQVg9JpAc9H0iEOhOyH3G3xSAEtB/qqekGg22/9/TpThsw95D+6vWA9ikcQLcZhvWlX0Xw= |
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Username Shares Bid Total Result Price Escrow
499
rb1205 20 2.44 479 20 48.8
finlof 10 2.44 469 10 24.4
jwest411 5 2.44 464 5 12.2 TAT
mog 10 2.43 454 10 24.3
bobboooiie 11 2.43 443 11 26.73
keis 5 2.43 438 5 12.15
gravito 68 2.43 370 68 165.24
runam0k 5 2.43 365 5 12.15
therustytrombone 10 2.43 355 10 24.3 TAT
TheOrri 17 2.43 338 17 41.31 TAT
huhai0978 19 2.43 319 19 46.17
gominoa 10 2.43 309 10 24.3
JSMill 17 2.43 292 17 41.31 TAT
shawshankinmate37927 25 2.43 267 25 60.75 TAT
hwmax 23 2.43 244 23 55.89 TAT
vortex1878 45 2.43 199 45 109.35
methax 10 2.43 189 10 24.3
freedomno1 15 2.43 174 15 36.45 TAT
epg 10 2.43 164 10 24.3
houseofchill 41 2.43 123 41 99.63
luffy 10 2.42 113 10 24.2
acayne 100 2.42 13 100 242
TheAndy500 5 2.42 8 5 12.1
pierrejo 20 2.42 -12 8 19.36 John K.
ausbitbank 15 2.42 -27 0 0
Jere.Jones 20 2.42 -47 0 0
PeterB 10 2.42 -57 0 0
zoro 10 2.41 -67 0 0
101111 15 2.41 -82 0 0
wonko 10 2.41 -92 0 0
caoxg 10 2.41 -102 0 0
bitdude 5 2.41 -107 0 0
Carleton 10 2.4 -117 0 0
jmutch 10 2.4 -127 0 0
Guajiro 100 2.4 -227 0 0
ANIMALPANCAKES 50 2.4 -277 0 0 John K.
innovation 20 2.4 -297 0 0 |
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Remaining time: Timer removed. End time: 2013-06-12+00:00:00UTC Bids so far: Username Shares Bid Total Result Price Escrow
499
rb1205 20 2.44 479 20 48.8
mog 10 2.43 469 10 24.3
bobboooiie 11 2.43 458 11 26.73
keis 5 2.43 453 5 12.15
gravito 68 2.43 385 68 165.24
runam0k 5 2.43 380 5 12.15
therustytrombone 10 2.43 370 10 24.3 TAT
TheOrri 17 2.43 353 17 41.31 TAT
huhai0978 19 2.43 334 19 46.17
gominoa 10 2.43 324 10 24.3
JSMill 17 2.43 307 17 41.31 TAT
shawshankinmate37927 25 2.43 282 25 60.75 TAT
hwmax 23 2.43 259 23 55.89 TAT
vortex1878 45 2.43 214 45 109.35
luffy 10 2.42 204 10 24.2
acayne 100 2.42 104 100 242
houseofchill 41 2.42 63 41 99.22
TheAndy500 5 2.42 58 5 12.1
finlof 10 2.42 48 10 24.2
jwest411 5 2.42 43 5 12.1 TAT
pierrejo 20 2.42 23 20 48.4 John K.
ausbitbank 15 2.42 8 15 36.3
Jere.Jones 20 2.42 -12 8 19.36
PeterB 10 2.42 -22 0 0
methax 10 2.42 -32 0 0
freedomno1 20 2.42 -52 0 0 John K.
zoro 10 2.41 -62 0 0
101111 15 2.41 -77 0 0
wonko 10 2.41 -87 0 0
caoxg 10 2.41 -97 0 0
bitdude 5 2.41 -102 0 0
Carleton 10 2.4 -112 0 0
jmutch 10 2.4 -122 0 0
Guajiro 100 2.4 -222 0 0
ANIMALPANCAKES 50 2.4 -272 0 0 John K.
innovation 20 2.4 -292 0 0
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Username Shares Bid Total Result Price Escrow
499
mog 10 2.43 489 10 24.3
bobboooiie 11 2.43 478 11 26.73
keis 5 2.43 473 5 12.15
gravito 68 2.43 405 68 165.24
runam0k 5 2.43 400 5 12.15
therustytrombone 10 2.43 390 10 24.3 TAT
TheOrri 17 2.43 373 17 41.31 TAT
huhai0978 19 2.43 354 19 46.17
gominoa 10 2.43 344 10 24.3
JSMill 17 2.43 327 17 41.31 TAT
shawshankinmate37927 25 2.43 302 25 60.75 TAT
luffy 10 2.42 292 10 24.2
acayne 100 2.42 192 100 242
houseofchill 41 2.42 151 41 99.22
TheAndy500 5 2.42 146 5 12.1
finlof 10 2.42 136 10 24.2
jwest411 5 2.42 131 5 12.1 TAT
pierrejo 20 2.42 111 20 48.4 John K.
rb1205 20 2.42 91 20 48.4
ausbitbank 15 2.42 76 15 36.3
Jere.Jones 20 2.42 56 20 48.4
vortex1878 41 2.42 15 41 99.22
PeterB 10 2.42 5 10 24.2
hwmax 23 2.42 -18 5 12.1 TAT
methax 10 2.42 -28 0 0
freedomno1 20 2.42 -48 0 0 John K.
zoro 10 2.41 -58 0 0
101111 15 2.41 -73 0 0
wonko 10 2.41 -83 0 0
caoxg 10 2.41 -93 0 0
bitdude 5 2.41 -98 0 0
Carleton 10 2.4 -108 0 0
jmutch 10 2.4 -118 0 0
Guajiro 100 2.4 -218 0 0
ANIMALPANCAKES 50 2.4 -268 0 0 John K.
innovation 20 2.4 -288 0 0
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Remaining time: Timer removed. End time: 2013-06-12+00:00:00UTC Bids so far: Username Shares Bid Total Result Price Escrow
499
mog 10 2.43 489 10 24.3
bobboooiie 11 2.43 478 11 26.73
keis 5 2.43 473 5 12.15
gravito 68 2.43 405 68 165.24
runam0k 5 2.43 400 5 12.15
therustytrombone 10 2.43 390 10 24.3 TAT
TheOrri 17 2.43 373 17 41.31 TAT
huhai0978 19 2.43 354 19 46.17
gominoa 10 2.43 344 10 24.3
luffy 10 2.42 334 10 24.2
acayne 100 2.42 234 100 242
houseofchill 41 2.42 193 41 99.22
TheAndy500 5 2.42 188 5 12.1
finlof 10 2.42 178 10 24.2
jwest411 5 2.42 173 5 12.1 TAT
pierrejo 20 2.42 153 20 48.4 John K.
rb1205 20 2.42 133 20 48.4
ausbitbank 15 2.42 118 15 36.3
Jere.Jones 20 2.42 98 20 48.4
vortex1878 41 2.42 57 41 99.22
PeterB 10 2.42 47 10 24.2
JSMill 15 2.41 32 15 36.15 TAT
zoro 10 2.41 22 10 24.1
101111 15 2.41 7 15 36.15
wonko 10 2.41 -3 7 16.87
caoxg 10 2.41 -13 0 0
bitdude 5 2.41 -18 0 0
shawshankinmate37927 25 2.41 -43 0 0 TAT
hwmax 23 2.41 -66 0 0 TAT
methax 10 2.41 -76 0 0
Carleton 10 2.4 -86 0 0
jmutch 10 2.4 -96 0 0
Guajiro 100 2.4 -196 0 0
ANIMALPANCAKES 50 2.4 -246 0 0 John K.
freedomno1 10 2.4 -256 0 0 John K.
innovation 20 2.4 -276 0 0
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Remaining time: Timer removed. End time: 2013-06-12+00:00:00UTC Bids so far: Username Shares Bid Total Result Price Escrow
499
mog 10 2.43 489 10 24.3
luffy 10 2.42 479 10 24.2
acayne 100 2.42 379 100 242
houseofchill 41 2.42 338 41 99.22
TheAndy500 5 2.42 333 5 12.1
finlof 10 2.42 323 10 24.2
jwest411 5 2.42 318 5 12.1 TAT
pierrejo 20 2.42 298 20 48.4 John K.
TheOrri 17 2.41 281 17 40.97 TAT
JSMill 15 2.41 266 15 36.15 TAT
zoro 10 2.41 256 10 24.1
101111 15 2.41 241 15 36.15
wonko 10 2.41 231 10 24.1
huhai0978 19 2.41 212 19 45.79
vortex1878 40 2.41 172 40 96.4
caoxg 10 2.41 162 10 24.1
bitdude 5 2.41 157 5 12.05
gominoa 10 2.41 147 10 24.1
shawshankinmate37927 25 2.41 122 25 60.25 TAT
hwmax 23 2.41 99 23 55.43 TAT
therustytrombone 10 2.41 89 10 24.1 TAT
Carleton 10 2.4 79 10 24
rb1205 20 2.4 59 20 48
runam0k 5 2.4 54 5 12
keis 5 2.4 49 5 12
jmutch 10 2.4 39 10 24
Guajiro 100 2.4 -61 39 93.6
gravito 68 2.4 -129 0 0
ANIMALPANCAKES 50 2.4 -179 0 0 John K.
Jere.Jones 20 2.4 -199 0 0
freedomno1 10 2.4 -209 0 0 John K.
innovation 20 2.4 -229 0 0
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Remaining time: Timer removed. End time: 2013-06-12+00:00:00UTC Bids so far: Username Shares Bid Total Result Price Escrow
499
luffy 10 2.42 489 10 24.2
acayne 100 2.42 389 100 242
houseofchill 41 2.42 348 41 99.22
TheAndy500 5 2.42 343 5 12.1
finlof 10 2.42 333 10 24.2
jwest411 5 2.42 328 5 12.1
TheOrri 17 2.41 311 17 40.97 TAT
JSMill 15 2.41 296 15 36.15 TAT
zoro 10 2.41 286 10 24.1
101111 15 2.41 271 15 36.15
wonko 10 2.41 261 10 24.1
huhai0978 19 2.41 242 19 45.79
vortex1878 40 2.41 202 40 96.4
caoxg 10 2.41 192 10 24.1
bitdude 5 2.41 187 5 12.05
Carleton 10 2.4 177 10 24
rb1205 20 2.4 157 20 48
runam0k 5 2.4 152 5 12
therustytrombone 10 2.4 142 10 24
keis 5 2.4 137 5 12
jmutch 10 2.4 127 10 24
Guajiro 100 2.4 27 100 240
gravito 68 2.4 -41 27 64.8
hwmax 13 2.4 -54 0 0
gominoa 10 2.4 -64 0 0
ANIMALPANCAKES 50 2.4 -114 0 0 John K.
Jere.Jones 20 2.4 -134 0 0
freedomno1 10 2.4 -144 0 0 John K.
innovation 20 2.4 -164 0 0
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Remaining time: Timer removed. End time: 2013-06-12+00:00:00UTC Bids so far: Username Shares Bid Price Total Escrow
499
luffy 10 2.42 24.2 489
TheOrri 17 2.41 40.97 472
JSMill 15 2.41 36.15 457 TAT
zoro 10 2.41 24.1 447
101111 15 2.41 36.15 432
wonko 10 2.41 24.1 422
huhai0978 19 2.41 45.79 403
vortex1878 40 2.41 96.4 363
caoxg 10 2.41 24.1 353
jwest411 5 2.41 12.05 348
Carleton 10 2.4 24 338
rb1205 20 2.4 48 318
runam0k 5 2.4 12 313
therustytrombone10 2.4 24 303
keis 5 2.4 12 298
jmutch 10 2.4 24 288
Guajiro 100 2.4 240 188
gravito 68 2.4 163.2 120
finlof 5 2.4 12 115
TheAndy500 5 2.4 12 110
hwmax 13 2.4 31.2 97
gominoa 10 2.4 24 87
ANIMALPANCAKES 50 2.4 120 37 John K.
Jere.Jones 20 2.4 48 17
freedomno1 10 2.4 24 7 John K.
innovation 7 2.4 16.8 0
Outbid
innovation 13 2.4
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