Thanks for all the feedback everyone! We are taking it all onboard and making upgrades/changes based on it. To my knowledge, this site does not charge the investors any divest fee if their investment is not in positive profits, so the divest fee of 25% charged from the investment profits are still reasonably acceptable for some investors.
That is correct. |
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The only investment fee is a divest fee of 25% of your profits. This fee comes out weekly (every Sunday) and only applies when your investment is positive.
Is this a normal thing to have such a huge divest fee? I often saw others put 0-2% but never saw this huge fee. Let assume the investors get 1 btc profit and to pay 0.25 btc as their divest fee, I do not really think they will agree on this term. Any explanation why you get 25% fee from investors profit? Sorry no offend Most of our competitors are higher than this number, I would guess the average is 35% and some charge an additional investing fee when you start or an early divest fee. I expect more than 25% of the profits from investments to be used on running costs and promotions for a long time to come. I do not know who is your competitor but if in the future the site goes well then you should really take this into your consideration. With 50x leverage and fast profit, I think investors will be able to invest more and they will get their investment back in no time  25% for developing site and promotion is a little bit too much? I do not saying it is wrong but just in case site has a lot of traffic then everything should be adjusted Noted - when we get to that stage we can look at it again  |
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The only investment fee is a divest fee of 25% of your profits. This fee comes out weekly (every Sunday) and only applies when your investment is positive.
Is this a normal thing to have such a huge divest fee? I often saw others put 0-2% but never saw this huge fee. Let assume the investors get 1 btc profit and to pay 0.25 btc as their divest fee, I do not really think they will agree on this term. Any explanation why you get 25% fee from investors profit? Sorry no offend Most of our competitors are higher than this number, I would guess the average is 35% and some charge an additional investing fee when you start or an early divest fee. I expect more than 25% of the profits from investments to be used on running costs and promotions for a long time to come. yeah true I didn't say it's not reasonable , it's still good but if things went as planned and the site became really popular then I guess the same scenario that happened with the other sites will happen which is a site having really big bankroll without getting enough daily wagers so this should reduce the roi for investors , I may be wrong tho but at the moment it's really great with low bankroll since profit/loss are noticeable daily , dicebet is the first site that made me check it once every couple of hours or so since bankroll is really moving haha some of the swings are big. When the LTC bankroll jumped +15LTC profit yesterday someone was live streaming and they were +/-25% (with their 50x leveraged investment) over a matter of minutes before coming out up +25%. The leverage plus smaller bankroll at the moment is very interesting! |
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Why is newbie accounts can't get this giveaway?
Because we stated it at the start of the thread. Leaves us open to abuse if people create new accounts and claim an unlimited amount of times. I will still send you a tip on the site to try it out  |
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Litecoin Leaderboard is getting some action  |
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So how does the investor return work? Do people who own the coins get a cut of the 0.7 percent house edge or something similar?
If you put coins in the bankroll you get a share of all the profit and loses from players in that coin only. All profits and loses are updated real time and your share of the bankroll (based on your investment size and leverage) determines how much you make. There is no commission from the house in real time so 100% of profit and loses gets shared between all investors. The only investment fee is a divest fee of 25% of your profits. This fee comes out weekly (every Sunday) and only applies when your investment is positive. If you want to know more information just send me a PM and I can go into more detail and some examples if you like  Thanks that makes sense. Is there a way to independently verify that the house edge is actually only 0.7%? For example is a record kept of every bet/transaction? Yeah you can look at the payout for each roll. Each roll is has a 0.7% house edge on it. The payout is 99.3/chance of winning. You will also see the even odds (2x) gap for roll under or roll over is 0.7 (50.35-49.65). You can check that each roll is provably fair on the site too. That ensures no rigging of rolls is going on.  |
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The only investment fee is a divest fee of 25% of your profits. This fee comes out weekly (every Sunday) and only applies when your investment is positive.
Is this a normal thing to have such a huge divest fee? I often saw others put 0-2% but never saw this huge fee. Let assume the investors get 1 btc profit and to pay 0.25 btc as their divest fee, I do not really think they will agree on this term. Any explanation why you get 25% fee from investors profit? Sorry no offend Most of our competitors are higher than this number, I would guess the average is 35% and some charge an additional investing fee when you start or an early divest fee. I expect more than 25% of the profits from investments to be used on running costs and promotions for a long time to come. |
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High Rollers tab updated and is now showing bets:  |
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Tipped everyone so far, except the brand new newbie accounts.
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So how does the investor return work? Do people who own the coins get a cut of the 0.7 percent house edge or something similar?
If you put coins in the bankroll you get a share of all the profit and loses from players in that coin only. All profits and loses are updated real time and your share of the bankroll (based on your investment size and leverage) determines how much you make. There is no commission from the house in real time so 100% of profit and loses gets shared between all investors. The only investment fee is a divest fee of 25% of your profits. This fee comes out weekly (every Sunday) and only applies when your investment is positive. If you want to know more information just send me a PM and I can go into more detail and some examples if you like |
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just withdrew about $520 in btc without any problems
Saw your wins this morning! You are on a roll  Speaking of rolls how good was your roll here:  |
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hey DarkStar this is really useful - good job! I may run a dice site but I do enjoy betting on sports. Under/Over on basketball are usually my lines so thanks for looking into the margins further |
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Everyone credited so far Still about 30 spots left |
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Max win on each bet has now increased too: BTC: 1.01555535 ETH: 14.39971259 LTC: 19.07173344 Note: Max win is changing dynamically with each bet and investment movement so this will constantly change.
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I've finished my DiceBet Verifier, use it to verify that your bets have been calculated honestly.  Really awesome job! Will link to it from the site shortly |
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