BetterBets.io (OP)
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August 14, 2015, 01:12:59 PM |
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Hello, everyone we had to make a change to our VIP program in order to ensure that it remained viable for both our casino and VIP bettors. Please note, that although we have removed the house edge reduction we have actually increased VIP BTC payouts and added huge amounts of raffle tickets to make the transition smoother for players. This change will go into effect Sunday, August 16th (after affiliate/cashback payouts). Those who currently have house edge lower than our standard 1% will return to 1% house edge. Luck forging will currently remain available for activating a lower percentage on your playing strategies. Good fortune to everyone!
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RHavar
Legendary
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Activity: 1463
Merit: 1886
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August 14, 2015, 01:23:32 PM |
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Dont you think taking 50% of the investors with a variable edge of 0.1-1% is kinda unfair for the investor? I remember good old Jd taking 10% ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) It's a lot more nuanced than that. Investors are rewarded (with EV) proportional the amount of risk they take. So in cases of a full-kelly bet the investors have 100% the profits (with no commissions of any kind charged), and a bet with no risk they would have no rewards. And for everything in between they get everything in between. There's an active discussion on the MP thread if you want to join in =)
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Check out gamblingsitefinder.com for a decent list/rankings of crypto casinos. Note: I have no affiliation or interest in it, and don't even agree with all the rankings ... but it's the only uncorrupted review site I'm aware of.
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cryptasm
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Activity: 997
Merit: 1002
Gamdom.com
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August 14, 2015, 02:22:41 PM |
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Dont you think taking 50% of the investors with a variable edge of 0.1-1% is kinda unfair for the investor? I remember good old Jd taking 10% ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) It's a lot more nuanced than that. Investors are rewarded (with EV) proportional the amount of risk they take. So in cases of a full-kelly bet the investors have 100% the profits (with no commissions of any kind charged), and a bet with no risk they would have no rewards. And for everything in between they get everything in between. There's an active discussion on the MP thread if you want to join in =) alright than i kinda understood it wrong, thx for the explanation!
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RHavar
Legendary
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Activity: 1463
Merit: 1886
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August 14, 2015, 02:37:40 PM |
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Wow, I think that 8 BTC makes for the best bonus prize I've seen yet.
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Check out gamblingsitefinder.com for a decent list/rankings of crypto casinos. Note: I have no affiliation or interest in it, and don't even agree with all the rankings ... but it's the only uncorrupted review site I'm aware of.
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ndnh
Legendary
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Activity: 1302
Merit: 1005
New Decentralized Nuclear Hobbit
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August 14, 2015, 02:40:47 PM |
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Wow, I think that 8 BTC makes for the best bonus prize I've seen yet.
Well, he made a 43.5 BTC loss though. But still it is a good bonus. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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BetterBets.io (OP)
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August 14, 2015, 02:43:30 PM |
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Wow, I think that 8 BTC makes for the best bonus prize I've seen yet.
Well, he made a 43.5 BTC loss though. But still it is a good bonus. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Yeah that part I have no control over unfortunately, but I can give those who achieve it one heck of a payout. On the other hand investors are quiet again, they must be happy ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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ndnh
Legendary
Offline
Activity: 1302
Merit: 1005
New Decentralized Nuclear Hobbit
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 14, 2015, 02:45:52 PM |
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Wow, I think that 8 BTC makes for the best bonus prize I've seen yet.
Well, he made a 43.5 BTC loss though. But still it is a good bonus. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Yeah that part I have no control over unfortunately, but I can give those who achieve it one heck of a payout. On the other hand investors are quiet again, they must be happy ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Yeah, lol. Really good bonus. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Yes, profit is up. Around 19-20 BTC now.
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arallmuus
Legendary
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Activity: 2660
Merit: 1424
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August 14, 2015, 05:26:38 PM |
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On the other hand investors are quiet again, they must be happy ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I would say that this twist is kinda needed sometimes. The word "investment" is kinda giving people an insurance that their stash will keep on increasing and not decreasing so when the investor's profit is taking a huge dip, alot of people stressed out because they are losing some percentage of their stash which is understandable as people love winning and not losing things ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) The good part about this negative profit is that atleast this serves as the proof that the house isnt unbeatable which is good for promotional purposes both to attract more gambler to try their luck and win huge at Moneypot as well or that to a potential investor which could lead for more BTC as the bankroll and allow the apps in Moneypot to attract more whale
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
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ranlo
Legendary
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Activity: 1988
Merit: 1007
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August 14, 2015, 06:09:48 PM |
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On the other hand investors are quiet again, they must be happy ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I would say that this twist is kinda needed sometimes. The word "investment" is kinda giving people an insurance that their stash will keep on increasing and not decreasing so when the investor's profit is taking a huge dip, alot of people stressed out because they are losing some percentage of their stash which is understandable as people love winning and not losing things ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) The good part about this negative profit is that atleast this serves as the proof that the house isnt unbeatable which is good for promotional purposes both to attract more gambler to try their luck and win huge at Moneypot as well or that to a potential investor which could lead for more BTC as the bankroll and allow the apps in Moneypot to attract more whale If anyone thinks investments are a sure way to profit, they're stupid. Investments are called investments because they're risky -- otherwise they'd just be called "insured loans." 99.9% of the people on the forums that invest in various businesses have no idea what they're doing, and think everything is a guaranteed way to profit.
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arallmuus
Legendary
Offline
Activity: 2660
Merit: 1424
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August 14, 2015, 06:57:15 PM |
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-snip-
If anyone thinks investments are a sure way to profit, they're stupid. Investments are called investments because they're risky -- otherwise they'd just be called "insured loans." 99.9% of the people on the forums that invest in various businesses have no idea what they're doing, and think everything is a guaranteed way to profit. Regardless, I seen few people seems to be "complaining" about the investor's profit taking a huge dip which for me it is natural because it is a risky investment to begin with and pretty much a risk that every investor need to bear just incase things go south. Personally I would like to see this again sometimes in the future as this huge investor's lost could be a charm to get more players to Moneypot but obviously without hurting the investor too much ( which is pretty hard to get a balance for that ) Anyway Im glad that the profit went back to 20 + BTC in a very short time and it seems luck is shifting back to the investor's side ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
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Altcoin4life
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August 15, 2015, 01:46:40 PM |
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Bottttzzz!!!! I will try this tonight ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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BetterBets.io (OP)
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August 15, 2015, 02:42:03 PM Last edit: August 15, 2015, 03:02:35 PM by BetterBets.io |
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Excellent Seuntjie, really appreciate both your hard work and presence on the site. Third party devs are the movers and shakers of the world and we respect them highly ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Will add this to the OP for players to use and enjoy! edit: Now added Please note everyone Seuntjie has also added a chat bot to BetterBets. If you have any requests for features for the bot please message Seuntjie or myself, and we will cover the cost of development, thanks!
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Aleator
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August 15, 2015, 02:48:52 PM |
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Would it be possible one day to make cashback club into something bigger involving everyone? As in , everyone gets a share back from their wagered amount. Nothing too big to ruin your profits , something small and trivial to make it as a gesture to community. Also , still in love with you guys ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Still awesome . Please don't change ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Your "they are one of us" character what draw me here and kept me here.
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BetterBets.io (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 15, 2015, 02:54:17 PM |
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Would it be possible one day to make cashback club into something bigger involving everyone? As in , everyone gets a share back from their wagered amount. Nothing too big to ruin your profits , something small and trivial to make it as a gesture to community. Also , still in love with you guys ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Still awesome . Please don't change ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Your "they are one of us" character what draw me here and kept me here. Thank you for the kind words Aleator, we have several options for Cashback Club for all players and the lowest amount is 5 BTC volume for the entire week. Enjoy! > 5 BTC weekly volume: 0.005 BTC > 10 BTC weekly volume player is credited: 0.01 BTC > 15 BTC weekly volume player is credited: 0.02 BTC > 25 BTC weekly volume player is credited: 0.05 BTC > 50 BTC weekly volume player is credited: 0.1 BTC > 100 BTC weekly volume player is credited: 0.2 BTC > 150 BTC weekly volume player is credited: 0.3 BTC > 200 BTC weekly volume player is credited: 0.4 BTC > 300 BTC weekly volume player is credited: 0.6 BTC > 400 BTC weekly volume player is credited: 0.8 BTC > 500 BTC weekly volume player is credited: 1.2 BTC VIP Bronze (+200 Raffle Tickets) > 1000 BTC weekly volume player is credited: 2.4 BTC VIP Silver (+400 Raffle Tickets) > 2000 BTC weekly volume player is credited: 4.6 BTC VIP Gold (+600 Raffle Tickets) > 3000 BTC weekly volume player is credited: 6.8 BTC VIP Platinum (+800 Raffle Tickets)
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BetterBets.io_Staff
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 15, 2015, 07:42:09 PM |
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BetterBets daily wagered over 210BTCBetterBets status so far : - 61 Millions bet - Over 10,000 BTC wagered - Over 14 BTC cashback to the players with over 7 BTC for this week alone !
The status above is achieved less than 3 months ! Thankyou for all the players that help to achieve this Milestone !
Congratulation to Molloype for getting 8 BTC cashback bonus
For your reminder, BetterBets anniversary is due in 4 more days and we will hold a small contest for the players, be sure to join us at 19th August
Dont forget to snag the Gold Vip Bonus with 5.5 BTC cashback bonus ! VIP EVENT !
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BetterBets.io (OP)
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August 15, 2015, 09:14:52 PM |
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Congratulations to Trump our new Hall of Fame top profit player, max payout per bet at https://betterbets.io is now 3.87 BTC and growing.
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sana9821
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 15, 2015, 09:43:09 PM |
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BetterBets daily wagered over 210BTCBetterBets status so far : - 61 Millions bet - Over 10,000 BTC wagered - Over 14 BTC cashback to the players with over 7 BTC for this week alone !
The status above is achieved less than 3 months ! Thankyou for all the players that help to achieve this Milestone !
Congratulation to Molloype for getting 8 BTC cashback bonus
For your reminder, BetterBets anniversary is due in 4 more days and we will hold a small contest for the players, be sure to join us at 19th August
Dont forget to snag the Gold Vip Bonus with 5.5 BTC cashback bonus ! VIP EVENT !
it is nice to see these statistics of your website I think it shows how popular you are in bitcoin world and it will attract much more new players
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