.

[sbankerdemon]

Ohh I missed the promo

[srgkrgkj]

Ohh I missed the promo

You are in luck, it runs every week

yess id love to get in on the next promo haven't heard much about the site so far in the forums so was pleasantly surprised when I viewed the thread the project deserves much more attention mate its a one hit wonder good luck OP and to the players too

[Alvin Fahriza]

Ohh I missed the promo

You are in luck, it runs every week

nice run every week promotions
lets play 
goodluck

[Twipple]

+1 for smaller amounts of investments than 1 BTC. Making it around 0.1-0.5 btc should get you a lot more investors on board

[7bestone7]

Ohh I missed the promo

You are in luck, it runs every week

do they announce those promos here? i would really like to participate in one and try to win some bitcoins out of it, i hope i will not miss it

[ranlo]

First Comission!

Our Profit:   18197181 Bits
Free Bits distributed:   920222 Bits (this is all the promotions and faucet)
Net Profit = 17276959 Bits

Commission (40%) = 6910783,6 Bits

High watermark for next commission = 18197181 Bits

How many BTC were invested, or, more importantly, what was the ROI on this commission?

[RussianRaibow]

First Comission!

Our Profit:   18197181 Bits
Free Bits distributed:   920222 Bits (this is all the promotions and faucet)
Net Profit = 17276959 Bits

Commission (40%) = 6910783,6 Bits

High watermark for next commission = 18197181 Bits

How many BTC were invested, or, more importantly, what was the ROI on this commission?

133.38 BTCBR assets are in existence, so if dividend day way today, each BTC invested would receive  0.0777BTC or 7.77% ROI for the first two weeks of uptime.

Nice ROI I must say. I would like to know when the Rocket is being exploded ? Is it an autogenerated random number ?

[cazkooo]

First Comission!

Our Profit:   18197181 Bits
Free Bits distributed:   920222 Bits (this is all the promotions and faucet)
Net Profit = 17276959 Bits

Commission (40%) = 6910783,6 Bits

High watermark for next commission = 18197181 Bits

This is absolutely a good investment if the cut is not 40 % ! and also there is a cut for the free bits. Doesnt that the house will always pay for the faucet and freebits? 40 % for the house is a lot and you take the cut from free bits as well , thats means you are running the house with no risk at all

[Quickseller]

I like this idea, and I like the high minimum investment - it makes it so smaller investors will be less likely to invest and dilute the bankroll.

I will probably invest in the next few days.

[ticoti]

First Comission!

Our Profit:   18197181 Bits
Free Bits distributed:   920222 Bits (this is all the promotions and faucet)
Net Profit = 17276959 Bits

Commission (40%) = 6910783,6 Bits

High watermark for next commission = 18197181 Bits

How many BTC were invested, or, more importantly, what was the ROI on this commission?

133.38 BTCBR assets are in existence, so if dividend day way today, each BTC invested would receive  0.0777BTC or 7.77% ROI for the first two weeks of uptime.

That's a 200% ROI in a year wow!

I'd like to have an easy way to invest

[RussianRaibow]

I like this idea, and I like the high minimum investment - it makes it so smaller investors will be less likely to invest and dilute the bankroll.

I will probably invest in the next few days.

Could you please explain how can smaller investors dilute the bankroll ? Any investment, small or big, will only increase the bankroll... is not it ?

[arallmuus]

That's a 200% ROI in a year wow!

Totally wrong on this, you cant based a 2 weeks uptime for the projection of the yearly performance. You should note that the thing of investing in a gambling site is risky in nature as a whale might be able to drain some of the bankroll and thus leaving zero profit for the two weeks period but given the high house edge, the house will survive in long term though

Any investment, small or big, will only increase the bankroll... is not it ?

Yes.


A quick question, will there be still a cut to the investor if by any chance there is zero profit for the two weeks period?

[Quickseller]

I like this idea, and I like the high minimum investment - it makes it so smaller investors will be less likely to invest and dilute the bankroll.

I will probably invest in the next few days.

Could you please explain how can smaller investors dilute the bankroll ? Any investment, small or big, will only increase the bankroll... is not it ?

There will be less people who will end up investing, thus whatever a person who has a lot of money to invest will have a larger share of the bankroll, and thus a larger return (EV)

[arallmuus]

There will be less people who will end up investing, thus whatever a person who has a lot of money to invest will have a larger share of the bankroll, and thus a larger return (EV)

The calculation will be the same no matter how many micro investor there are because in the end everyone will share the profit or the loss of the house which is proportional to his stake of the bankroll (assuming it is 1x kelly for everyone). The reason for not accepting any micro investor could be that the share of profit seem to be calculated manually now (?) ( I could be wrong on this ) unlike the other sites therefore having micro investor isnt feasible for the moment

[Quickseller]

There will be less people who will end up investing, thus whatever a person who has a lot of money to invest will have a larger share of the bankroll, and thus a larger return (EV)

The calculation will be the same no matter how many micro investor there are because in the end everyone will share the profit or the loss of the house which is proportional to his stake of the bankroll (assuming it is 1x kelly for everyone). The reason for not accepting any micro investor could be that the share of profit seem to be calculated manually now (?) ( I could be wrong on this ) unlike the other sites therefore having micro investor isnt feasible for the moment

The calculation will be the same, however people who would otherwise invest less then 1 BTC would not invest at all, and I would speculate that those people would make up a large share of the bankroll.

Also you can potentially sell less then 1 BTC worth of the bankroll on the NXT AE, potentially for more then the portion of the bankroll you are selling (potentially sell .5 BTC worth of bankroll for .51 or more)

[ticoti]

That's a 200% ROI in a year wow!

Totally wrong on this, you cant based a 2 weeks uptime for the projection of the yearly performance. You should note that the thing of investing in a gambling site is risky in nature as a whale might be able to drain some of the bankroll and thus leaving zero profit for the two weeks period but given the high house edge, the house will survive in long term though

Any investment, small or big, will only increase the bankroll... is not it ?

Yes.


A quick question, will there be still a cut to the investor if by any chance there is zero profit for the two weeks period?

It's obvious,just projecting data to make some comparisons

[arallmuus]

The calculation will be the same no matter how many micro investor there are because in the end everyone will share the profit or the loss of the house which is proportional to his stake of the bankroll (assuming it is 1x kelly for everyone). The reason for not accepting any micro investor could be that the share of profit seem to be calculated manually now (?) ( I could be wrong on this ) unlike the other sites therefore having micro investor isnt feasible for the moment

-snip-

Also you can potentially sell less then 1 BTC worth of the bankroll on the NXT AE, potentially for more then the portion of the bankroll you are selling (potentially sell .5 BTC worth of bankroll for .51 or more)

Good thing about using NXT AE rather than a simple BTC investing is that the share will be tradeable thus you are getting double dip of profit whenever the site is taking a huge profit (some sort of like HAVELOCK)
Things that preventing me from investing would be the nasty commission of 40 % and now there is a cut from faucet and promotions but I would lay down low for a fraction of the asset just for the sake of tryout if it tradeable later on but the question will be when?

(Variant C: Later you will be able to buy the asset directly on the asset exchange, but not at start.)

I would speculate that those people would make up a large share of the bankroll.

Indeed disencouraging micro investor will make up a larger share of the bankroll however on the same that means it bear more risk as well

It's obvious,just projecting data to make some comparisons

No, you are not projecting anything because whatever number that you come up with is based on assumption and speculation therefore that is a bogus data. If you want to make a projection then you should start from the main factor which is house edge. Take the data of the profit gained and Take the house edge as well as the wagered data per 2 weeks period and make a comparison to the profit gained theoritically

[Quickseller]

The calculation will be the same no matter how many micro investor there are because in the end everyone will share the profit or the loss of the house which is proportional to his stake of the bankroll (assuming it is 1x kelly for everyone). The reason for not accepting any micro investor could be that the share of profit seem to be calculated manually now (?) ( I could be wrong on this ) unlike the other sites therefore having micro investor isnt feasible for the moment

-snip-

Also you can potentially sell less then 1 BTC worth of the bankroll on the NXT AE, potentially for more then the portion of the bankroll you are selling (potentially sell .5 BTC worth of bankroll for .51 or more)

Good thing about using NXT AE rather than a simple BTC investing is that the share will be tradeable thus you are getting double dip of profit whenever the site is taking a huge profit (some sort of like HAVELOCK)

I am not entirely familiar with your thought process here. I would think that if earnings have been accused, but not yet paid, then the value of the shares should be greater. I am not following the double dip theory.

TwinWinNerD is active in the NXT community, and active with NXT and I suspect that one side goal of this project is to increase the adoption of NXT by bitcoin users.

Things that preventing me from investing would be the nasty commission of 40 % and now there is a cut from faucet and promotions but I would lay down low for a fraction of the asset just for the sake of tryout if it tradeable later on but the question will be when?

I agree the 40% is steep, and maybe it will be lowered in the future (this is obviously speculation)

(Variant C: Later you will be able to buy the asset directly on the asset exchange, but not at start.)

I would speculate that those people would make up a large share of the bankroll.

Indeed disencouraging micro investor will make up a larger share of the bankroll however on the same that means it bear more risk as well

Correct, however over the long term, assuming there are not security breaches and no theft, then the EV of a casino bankroll investment is positive.

[Somekindabitcoin]

I will try it, maybe. 1 BTC is no problem but how does it work? I invest and when someone win big I lose / when someone lose big I win?

[arallmuus]

I am not entirely familiar with your thought process here. I would think that if earnings have been accused, but not yet paid, then the value of the shares should be greater. I am not following the double dip theory.

NXT asset is tradeable ( isnt it? )which means if the volume pick up in the future and profit keep on increasing then there is a chance that the value of the shares will be higher which means if you purchase a share for 1BTC right now and the value increase by 1.1 BTC in 3 months timeframe (which is 6 x 2 weeks period ) then you are getting a share of profit while your initial capital has raised by 0.1 BTC

I will try it, maybe. 1 BTC is no problem but how does it work? I invest and when someone win big I lose / when someone lose big I win?

How does what work? isnt it clear in the OP already? Like every other gambling sites works, the net profit ( there is a cut for promotions and faucet expenses as well ) of the house within 2 weeks period will be splitted among the share holder . Every lost is counted as a profit for the site