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erickkyut
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November 05, 2016, 07:35:14 AM |
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Nice! N8 is really the talk of the town in the bitvest community! He is the TOP player and BiG EARNER on the site! Congratulations N8 for your big wins keep it up and Good luck to all players
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retrocoingames
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November 05, 2016, 12:08:33 PM |
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What commission rate does the site take on each bet?
I noticed Bitvest does not take a share of the profit but actually on every bet?!
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ndnh
Legendary
Offline
Activity: 1302
Merit: 1005
New Decentralized Nuclear Hobbit
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November 05, 2016, 12:22:49 PM |
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What commission rate does the site take on each bet?
I noticed Bitvest does not take a share of the profit but actually on every bet?!
AFAIK satoshidice, bitdice.me, betking, all take a per cent of the bet. my estimates plinko : 0.55% dice : 0.25% slots : 0.595% bitspin : 0.595% roulette : 0.9%
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Zodiac1233
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November 05, 2016, 12:42:19 PM |
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What commission rate does the site take on each bet?
I noticed Bitvest does not take a share of the profit but actually on every bet?!
AFAIK satoshidice, bitdice.me, betking, all take a per cent of the bet. my estimates plinko : 0.55% dice : 0.25% slots : 0.595% bitspin : 0.595% roulette : 0.9% Mostly correct, except roulette is 0.87%, and Slots and Bitspin are 0.55%
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retrocoingames
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November 05, 2016, 01:32:54 PM |
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Betking do not do it like that...
Seems strange that the site as of right now has only made 5 Bitcoins in total for the investors (from your charts) over the life of the site.
Has to be a serious problem with the site and/or the way the leverage is being done with regards to the bankroll.
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Zodiac1233
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November 05, 2016, 01:34:27 PM |
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Betking do not do it like that...
Seems strange that the site as of right now has only made 5 Bitcoins in total for the investors (from your charts) over the life of the site.
Has to be a serious problem with the site and/or the way the leverage is being done with regards to the bankroll.
We've had N8snathan, a massive whale slamming max or near-max bets for the past few weeks and he's on a winning streak now. He brought us up from 48 to 69.5 profit, and now due to his luck has brought us down to 5.
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SparkedDev
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November 05, 2016, 02:10:26 PM Last edit: November 05, 2016, 02:20:30 PM by SparkedDev |
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Betking do not do it like that...
Seems strange that the site as of right now has only made 5 Bitcoins in total for the investors (from your charts) over the life of the site.
Has to be a serious problem with the site and/or the way the leverage is being done with regards to the bankroll.
The lifetime of the site it was over 60 btc profit for investors but n8 kinda in 12 hours destroyed the profit by non stop max betting. Nothing really wrong with how the site works or how the limits are adjusted the dude just had a good day after his first big win more people invested. So there was room for more big hits to be made that's normally how all sites adjust higher the bank roll the bigger the limits.
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SyGambler
Legendary
Offline
Activity: 2436
Merit: 1804
guess who's back
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November 05, 2016, 02:29:46 PM |
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Betking do not do it like that...
Seems strange that the site as of right now has only made 5 Bitcoins in total for the investors (from your charts) over the life of the site.
Has to be a serious problem with the site and/or the way the leverage is being done with regards to the bankroll.
all sites basically work the same way , they take their cut whatever the results is which means that the site will take the fee if the bets were won or lost it's strange that one player was able to take the profits that took one year for investors to achieve , I do believe in variance but it's really strange lol
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SparkedDev
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November 05, 2016, 02:54:31 PM |
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Jean did something similar before summer both winnings runs lasted about 12 hours and they both had decent bank rolls. Pretty sure he lost 15-20 btc before this all happened and he won a bunch. Only real difference is one did it with one drops the other did it with a few drops.
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Zodiac1233
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November 05, 2016, 03:08:43 PM |
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Betking do not do it like that...
Seems strange that the site as of right now has only made 5 Bitcoins in total for the investors (from your charts) over the life of the site.
Has to be a serious problem with the site and/or the way the leverage is being done with regards to the bankroll.
all sites basically work the same way , they take their cut whatever the results is which means that the site will take the fee if the bets were won or lost it's strange that one player was able to take the profits that took one year for investors to achieve , I do believe in variance but it's really strange lol The profit made over the first year was with a much smaller bankroll. Our bankroll doubled in size in the past 2 months, along with 1/3 of the betting volume being in that period as well. This resulted in a major increase in variance.
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marlboroza
Legendary
Offline
Activity: 1932
Merit: 2272
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November 05, 2016, 07:38:03 PM |
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it's strange that one player was able to take the profits that took one year for investors to achieve , I do believe in variance but it's really strange lol
Almost every investor has margin 5X, so when n8 won 23 BTC investors actually lost 115 BTC so its not strange at all to lose 5X when someone hit big. Personally i think margins are not good, but who am i to tell people what to do with their money
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SyGambler
Legendary
Offline
Activity: 2436
Merit: 1804
guess who's back
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November 05, 2016, 08:07:48 PM |
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it's strange that one player was able to take the profits that took one year for investors to achieve , I do believe in variance but it's really strange lol
Almost every investor has margin 5X, so when n8 won 23 BTC investors actually lost 115 BTC so its not strange at all to lose 5X when someone hit big. Personally i think margins are not good, but who am i to tell people what to do with their money well yeah but investors made their profit using the same margin too , if the investors used X1 margin that won't change the fact that this whale was able to clear what investors had made in a whole year anyways Zod has a point , looking at the leaderboard we can see that nathan brought a lot of action to the site cause he alone wagered around 30% of the total wagered amount
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MinerHQ
Legendary
Offline
Activity: 1456
Merit: 1023
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November 05, 2016, 11:37:02 PM |
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it's strange that one player was able to take the profits that took one year for investors to achieve , I do believe in variance but it's really strange lol
Almost every investor has margin 5X, so when n8 won 23 BTC investors actually lost 115 BTC so its not strange at all to lose 5X when someone hit big. Personally i think margins are not good, but who am i to tell people what to do with their money Yes, no one is forcing to invest on any site and these are site rules. So investors need to check full details before investing money on any site. If you really want to reduce your risks in these casino investments then it is better to diversify your money into few good sites then your losses will be average down in any worst cases.
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ranlo
Legendary
Offline
Activity: 1988
Merit: 1007
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November 05, 2016, 11:42:36 PM |
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it's strange that one player was able to take the profits that took one year for investors to achieve , I do believe in variance but it's really strange lol
Almost every investor has margin 5X, so when n8 won 23 BTC investors actually lost 115 BTC so its not strange at all to lose 5X when someone hit big. Personally i think margins are not good, but who am i to tell people what to do with their money What you just said made no sense whatsoever. If he won 23 BTC, how could people possibly lose 115 BTC? Your kelly risk ratio is your risk relative to the BR. If he won 23 BTC, only 23 BTC was removed from the BR. That has nothing to do with kelly, whether a user is 0.01x or 50000x is the same. All it impacts is how much each individual lost (theirInvest*theirKelly/23.00 BTC = amount lost).
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retrocoingames
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November 06, 2016, 03:35:07 AM |
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How long does it take for my withdraw to get cleared? The site said there was no funds in the hot wallet
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BillyBurns
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November 06, 2016, 04:53:08 AM |
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it's strange that one player was able to take the profits that took one year for investors to achieve , I do believe in variance but it's really strange lol
Almost every investor has margin 5X, so when n8 won 23 BTC investors actually lost 115 BTC so its not strange at all to lose 5X when someone hit big. Personally i think margins are not good, but who am i to tell people what to do with their money Rethink what you wrote because it makes no sense to me. Where do you think the other 92 bitcoin go?
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*Image Removed*
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BillyBurns
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November 06, 2016, 05:49:04 AM |
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Could a mod let me chat without meeting the betting requirements please. Same name as on here. I know the rules not going to beg ect ect.
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*Image Removed*
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Zodiac1233
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November 06, 2016, 07:00:47 AM Last edit: November 06, 2016, 07:13:29 AM by Zodiac1233 |
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How long does it take for my withdraw to get cleared? The site said there was no funds in the hot wallet
Typically we refill the wallet within a couple hours if either lightlord or I are up, however there can be times there are ~8 hour or so delays if we're both unavailable. I'm refilling it now. Could a mod let me chat without meeting the betting requirements please. Same name as on here. I know the rules not going to beg ect ect.
Select the regular user chatroom, only VIP has the requirement.
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ndnh
Legendary
Offline
Activity: 1302
Merit: 1005
New Decentralized Nuclear Hobbit
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November 06, 2016, 02:11:04 PM |
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What commission rate does the site take on each bet?
I noticed Bitvest does not take a share of the profit but actually on every bet?!
AFAIK satoshidice, bitdice.me, betking, all take a per cent of the bet. my estimates plinko : 0.55% dice : 0.25% slots : 0.595% bitspin : 0.595% roulette : 0.9% Mostly correct, except roulette is 0.87%, and Slots and Bitspin are 0.55% House edge of Bitspin is 1.75%, of which 1.155% goes to investors. Remaining 0.595% which I took for commission. so 0.04% for affiliates but 0.595% * 30% = 0.1785%. Is the 0.55% average?
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