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Author Topic: DADICE : exposing investors to more risk than their kelly, misleading informatio  (Read 6587 times)
dadice
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July 09, 2015, 11:15:52 AM
 #61

This is true if they implement the kelly criterion, his post even shows they know about the fact they didn't implement it correctly.

As I have explained earlier, it is not implemented at all and your are personally aware of it since our last discussions in March!
I was not aware of this till yesterday.

That is either a lie (once again) or you are stubborn...

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dadice_dev
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July 09, 2015, 11:16:54 AM
 #62

This is true if they implement the kelly criterion, his post even shows they know about the fact they didn't implement it correctly.

As I have explained earlier, it is not implemented at all and your are personally aware of it since our last discussions in March!

So you admit you can't pay out a big winner?


I don't see how that is your problem, if a winner has won all of the sites bankroll, We will either arrange more or declare bankruptcy. The reason for max. payout being 20 BTC is solely a "commercial" reason not technical. This may be changed later when we believe we are commerically sound for that.
dadice
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July 09, 2015, 11:17:05 AM
 #63

This is true if they implement the kelly criterion, his post even shows they know about the fact they didn't implement it correctly.

As I have explained earlier, it is not implemented at all and your are personally aware of it since our last discussions in March!

So you admit you can't pay out a big winner?


Well we have paid out a big winner yesterday 19 btc, a few weeks back the OP 18. So it seems we can Cheesy

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leen93
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July 09, 2015, 11:21:25 AM
 #64

This is true if they implement the kelly criterion, his post even shows they know about the fact they didn't implement it correctly.

As I have explained earlier, it is not implemented at all and your are personally aware of it since our last discussions in March!

So you admit you can't pay out a big winner?


Well we have paid out a big winner yesterday 19 btc, a few weeks back the OP 18. So it seems we can Cheesy
yes, because you expose investors to more risk than they agreed. You took more money from them than allowed by the kelly criterion


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bodgybrothers
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July 09, 2015, 11:25:49 AM
 #65

Well we have paid out a big winner yesterday 19 btc, a few weeks back the OP 18. So it seems we can Cheesy

The OP won 9 not 18. Sort out your math before making a fool of yourself. 9btc deposit, bet 2x, cash out 18. Which is a win of 9. You really like over exaggerating stats, don't you?

Did you ever cash out that other 20btc win? Do you have the transaction ID?
dadice_dev
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July 09, 2015, 11:30:03 AM
 #66

Well we have paid out a big winner yesterday 19 btc, a few weeks back the OP 18. So it seems we can Cheesy

The OP won 9 not 18. Sort out your math before making a fool of yourself. 9btc deposit, bet 2x, cash out 18. Which is a win of 9. You really like over exaggerating stats, don't you?

Did you ever cash out that other 20btc win? Do you have the transaction ID?

Profit was not only 9 BTC, since 2 other bet IDs were provided and there are even more since it was result of consecutive wins. The fact about that bet is THE MAX. PAYOUT OF 20 BTC which let that bet happen (as it has always been 20 BTC max. payout on Da Dice), Anyway the point @dadice tried to make here is to the question you asked:

So you admit you can't pay out a big winner?

Its a simple answer he made to your question.
Don't try to reshape entire conversation, everybody is aware that this alt of yours is exclusively to slander Da Dice and you are not here for reasoning.

And don't repeat same things over and over again.
bodgybrothers
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July 09, 2015, 11:36:02 AM
 #67

Well we have paid out a big winner yesterday 19 btc, a few weeks back the OP 18. So it seems we can Cheesy

The OP won 9 not 18. Sort out your math before making a fool of yourself. 9btc deposit, bet 2x, cash out 18. Which is a win of 9. You really like over exaggerating stats, don't you?

Did you ever cash out that other 20btc win? Do you have the transaction ID?

Profit was not only 9 BTC, since 2 other bet IDs were provided and there are even more since it was result of consecutive wins. The fact about that bet is THE MAX. PAYOUT OF 20 BTC which let that bet happen (as it has always been 20 BTC max. payout on Da Dice), Anyway the point @dadice tried to make here is to the question you asked:

So you admit you can't pay out a big winner?

Its a simple answer he made to your question.
Don't try to reshape entire conversation, everybody is aware that this alt of yours is exclusively to slander Da Dice and you are not here for reasoning.

And don't repeat same things over and over again.

Come on, you know this is my only account. If you drank beer I'd ask you to join me for one.
asuspc
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July 09, 2015, 11:36:23 AM
 #68

Well after reading entire thread, its very clear to me that leen is only trying to recover her losses but this is gambling Smiley when you go as much as 10x kelly, that is a huge risk to take for some profit. You shouldn't have invested in first place if you cannot afford to lose.

And regarding QS, bodgy, etc... why these guys are everywhere where they get chance to abuse Da Dice. Especially this bodgy person seriously intrigues me.
dadice_dev
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July 09, 2015, 11:37:19 AM
 #69

Well we have paid out a big winner yesterday 19 btc, a few weeks back the OP 18. So it seems we can Cheesy

The OP won 9 not 18. Sort out your math before making a fool of yourself. 9btc deposit, bet 2x, cash out 18. Which is a win of 9. You really like over exaggerating stats, don't you?

Did you ever cash out that other 20btc win? Do you have the transaction ID?

Profit was not only 9 BTC, since 2 other bet IDs were provided and there are even more since it was result of consecutive wins. The fact about that bet is THE MAX. PAYOUT OF 20 BTC which let that bet happen (as it has always been 20 BTC max. payout on Da Dice), Anyway the point @dadice tried to make here is to the question you asked:

So you admit you can't pay out a big winner?

Its a simple answer he made to your question.
Don't try to reshape entire conversation, everybody is aware that this alt of yours is exclusively to slander Da Dice and you are not here for reasoning.

And don't repeat same things over and over again.

Come on, you know this is my only account. If you drank beer I'd ask you to join me for one.

No thanks! I will take a rain check.
shitaifan2013
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monero


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July 09, 2015, 11:38:01 AM
 #70

this whole dadice thing is pretty weird, no matter from which perspective you're looking at it, it's a fail. but for some reason the operators refuse to let it die already.

they failed as a scam, since no real whale or big investor will choose their site.

and they also failed as a "legit" business, since their reputation is burned and they're not making any profit while wasting money on their marketing.

so, what is this thing?  Huh


bodgybrothers
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July 09, 2015, 11:38:25 AM
 #71

Well after reading entire thread, its very clear to me that leen is only trying to recover her losses but this is gambling Smiley when you go as much as 10x kelly, that is a huge risk to take for some profit. You shouldn't have invested in first place if you cannot afford to lose.

And regarding QS, bodgy, etc... why these guys are everywhere where they get chance to abuse Da Dice. Especially this bodgy person seriously intrigues me.
I'm always lurking.. jumping in when something justifies my scam allegations.
asuspc
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July 09, 2015, 11:40:58 AM
 #72

this whole dadice thing is pretty weird, no matter from which perspective you're looking at it, it's a fail. but for some reason the operators refuse to let it die already.

they failed as a scam, since no real whale or big investor will choose their site.

and they also failed as a "legit" business, since their reputation is burned and they're not making any profit while wasting money on their marketing.

so, what is this thing?  Huh



This could be your own personal opinion. I don't understand from which angle you're looking at it, I may recommend an eye sight checkup Grin OP clearly lied about being censored, lied about not knowing max. payouts, lied about their skype conversation, in fact manipulated it as said in post by dev.
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July 09, 2015, 11:41:15 AM
 #73

Do they not teach math in your country. If you use 1% of bankroll as max bet you get an exponential decay in bankroll that never reaches 0.
To teach you this its easier in a chart form. The bankroll is on the Y-axis and the winning bets in a row is on the X-axis. You can see that it never reaches 0, although it does reach close enough to 0 at some point.
This means you can always payout the full winnings of the user regardless how lucky they are, the worst case scenario is that the user cashes out the entire bankroll and you have nothing left. You will always be able to pay what is owed if you use this method.

The reason is "commercial" not "technical". We have started with 20 BTC max. payout for a "reason", and commercially we are doing good. This issue has been discussed before:
https://bitcointalk.org/index.php?topic=973765.msg11441671#msg11441671 so there is no need for us to answer it again and repeat same things over and over again.

as admitted, the manual was taken from dean's site but links were later link was removed from our interface.
I am talking about the lie on your page, I invested at kelly 10 and you placed it at kelly 29 according to the kelly criterion. THAT IS THE PROBLEM


Actually, as a player wins more, your Kelly goes up exponentially until there is no money left to pay out the player.
That is the problem, kelly should be fixed liked on all other dice sites which don't have this problem.

Isn't what dadice said that kelly is fine, manual was wrong and accordance to PRC? where did you get link to it I also don't see it on site. And PRC admin made post here that it was word to word copy something but I dont know why he deleted that post.
I am discussing the problem with PRC
Yes, dadice copied the info for PRC word by word but didn't implement it. This means the information on their website was not according their system.

I removed my post because I mentioned how you copied my page but it seems you removed that page anyway.

There certainly is no problem with the kelly system at PRC which has been in place since Jan 2015 and no one has found any issues. In fact investors have made a profit of around 1400 Bitcoin with that system.

But when things keep going wrong on your site you can feel free to keep taking shots at PRC if it makes you feel better.

bodgybrothers
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July 09, 2015, 11:43:10 AM
 #74

this whole dadice thing is pretty weird, no matter from which perspective you're looking at it, it's a fail. but for some reason the operators refuse to let it die already.

they failed as a scam, since no real whale or big investor will choose their site.

and they also failed as a "legit" business, since their reputation is burned and they're not making any profit while wasting money on their marketing.

so, what is this thing?  Huh



Who knows. Maybe a hope if they keep going, people will believe they aren't a scam and start throwing money at it. Who really knows what these guys are up to. They are seriously incompetent at Math, writing websites and running a business. So maybe its a high school project? Huh
asuspc
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July 09, 2015, 11:46:15 AM
 #75

this whole dadice thing is pretty weird, no matter from which perspective you're looking at it, it's a fail. but for some reason the operators refuse to let it die already.

they failed as a scam, since no real whale or big investor will choose their site.

and they also failed as a "legit" business, since their reputation is burned and they're not making any profit while wasting money on their marketing.

so, what is this thing?  Huh



Who knows. Maybe a hope if they keep going people will believe they aren't a scam and start throwing money at it. Who really knows what these guys are up to. They are seriously incompetent at Math, writing websites and running a business. So maybe its a high school project? Huh

well they could be many things but definitely nowhere even near to what you been trying to show them as Grin Name one site which didn't have bugs or other serious issues right from their start  Huh Huh

I'm always lurking.. jumping in when something justifies my scam allegations.

better luck next time Grin
shitaifan2013
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monero


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July 09, 2015, 11:50:08 AM
 #76

this whole dadice thing is pretty weird, no matter from which perspective you're looking at it, it's a fail. but for some reason the operators refuse to let it die already.

they failed as a scam, since no real whale or big investor will choose their site.

and they also failed as a "legit" business, since their reputation is burned and they're not making any profit while wasting money on their marketing.

so, what is this thing?  Huh



Who knows. Maybe a hope if they keep going people will believe they aren't a scam and start throwing money at it. Who really knows what these guys are up to. They are seriously incompetent at Math, writing websites and running a business. So maybe its a high school project? Huh

sounds plausible to me. Cheesy

but seriously, they already spent over 60btc on their sig campaign alone (https://blockchain.info/de/address/13tcm29K3N39uSsiDRLN9aQwLdvA9zFWJv) while only making  43btc profit on site (stats.dadice.com). and that profit probably also includes a substantial amount of faucet btc they already owned before. there is no way this is turning into something profitable.

are they some kind of honeypot? like the us gov going after american gamblers?   Grin

ps: I sell tinfoil for xmr, pm me  Wink




glorg44
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July 09, 2015, 11:51:48 AM
 #77

this whole dadice thing is pretty weird, no matter from which perspective you're looking at it, it's a fail. but for some reason the operators refuse to let it die already.

they failed as a scam, since no real whale or big investor will choose their site.

and they also failed as a "legit" business, since their reputation is burned and they're not making any profit while wasting money on their marketing.

so, what is this thing?  Huh



This could be your own personal opinion. I don't understand from which angle you're looking at it, I may recommend an eye sight checkup Grin OP clearly lied about being censored, lied about not knowing max. payouts, lied about their skype conversation, in fact manipulated it as said in post by dev.

will dooglus leave negative trust to leen93 for lying to him? Grin as he used false information fed by leen to ask if "we will not pay" statement is official policy of Da Dice.  Roll Eyes
dadice_dev
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July 09, 2015, 11:54:53 AM
 #78



sounds plausible to me. Cheesy

but seriously, they already spent over 60btc on their sig campaign alone (https://blockchain.info/de/address/13tcm29K3N39uSsiDRLN9aQwLdvA9zFWJv) while only making  43btc profit on site (stats.dadice.com). and that profit probably also includes a substantial amount of faucet btc they already owned before. there is no way this is turning into something profitable.

are they some kind of honeypot? like the us gov going after american gamblers?   Grin

ps: I sell tinfoil for xmr, pm me  Wink


 I don't see how that is your problem... if anything, you should appreciate our efforts to revive this dice industry  Grin
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July 09, 2015, 11:58:23 AM
 #79



sounds plausible to me. Cheesy

but seriously, they already spent over 60btc on their sig campaign alone (https://blockchain.info/de/address/13tcm29K3N39uSsiDRLN9aQwLdvA9zFWJv) while only making  43btc profit on site (stats.dadice.com). and that profit probably also includes a substantial amount of faucet btc they already owned before. there is no way this is turning into something profitable.

are they some kind of honeypot? like the us gov going after american gamblers?   Grin

ps: I sell tinfoil for xmr, pm me  Wink


 I don't see how that is your problem... if anything, you should appreciate our efforts to revive this dice industry  Grin

Thanks for reviving the bitcoin gambling industry. It was almost dried up.
XinXan
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July 09, 2015, 12:16:39 PM
 #80

this whole dadice thing is pretty weird, no matter from which perspective you're looking at it, it's a fail. but for some reason the operators refuse to let it die already.

they failed as a scam, since no real whale or big investor will choose their site.

and they also failed as a "legit" business, since their reputation is burned and they're not making any profit while wasting money on their marketing.

so, what is this thing?  Huh



Who knows. Maybe a hope if they keep going people will believe they aren't a scam and start throwing money at it. Who really knows what these guys are up to. They are seriously incompetent at Math, writing websites and running a business. So maybe its a high school project? Huh

sounds plausible to me. Cheesy

but seriously, they already spent over 60btc on their sig campaign alone (https://blockchain.info/de/address/13tcm29K3N39uSsiDRLN9aQwLdvA9zFWJv) while only making  43btc profit on site (stats.dadice.com). and that profit probably also includes a substantial amount of faucet btc they already owned before. there is no way this is turning into something profitable.

are they some kind of honeypot? like the us gov going after american gamblers?   Grin

ps: I sell tinfoil for xmr, pm me  Wink





That's certainly weird, if those stats are real and supposedly they are, i don't see why would they lie, means that they are indeed loosing money. They even started a new campaign not long ago, everything could be explained as a form of long time investment, when they don't need more advertisement they would stop their campaigns and start only profiting.

Now back to the topic, OP did in fact lie about somethings but he did not lie about the kelly investment option, seems..

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