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Author Topic: ▄■▀■▄ 🌟BITVEST🌟 💰WIN BY 🔶 PLAY 📈 INVEST ☕ SOCIAL➡🔺PLINKO🎲DICE🎰SLOT🎡SPIN  (Read 145225 times)
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November 06, 2016, 05:49:04 AM
 #1421

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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Zodiac1233
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November 06, 2016, 07:00:47 AM
Last edit: November 06, 2016, 07:13:29 AM by Zodiac1233
 #1422

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.



BITVEST DICE
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Rainbot
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November 06, 2016, 02:11:04 PM
 #1423

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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November 06, 2016, 02:55:23 PM
 #1424

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 23BTC investors actually lost 115BTC 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).

And what you reply to me makes no sense at all. Let me(senior member) explain to you(legendary member) how margin 5X works.

Lets say one player has whole global bankroll. And he invested 100 BTC in site. So, when someone win 20BTC he will lose 20 BTC.
Now, lets say that player has invested 100BTC with 5X margin. So, when somene win 20BTC he will lose 100BTC, 20BTC go to player who win and 80 BTC goes to site owners.

All it impacts is how much each individual lost (theirInvest*theirKelly/23.00 BTC = amount lost).
All individual investments make one global investment, right? I didn't said every single investor lost 115btc.

Let site owners correct me if I am wrong.


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November 06, 2016, 03:17:35 PM
Last edit: November 06, 2016, 03:38:26 PM by Zodiac1233
 #1425

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?

Sorry about that, I was somehow looking at some outdated data, from before their release. Your figures are correct for the commissions.
Affiliates will receive their 20, 10, or 5% cut depending on their affiliate level off of our share.

so 0.55% * 20% for plinko for top level, or 0.595% * 20% for slots, etc.

In total up to 30% can be paid out if a user has level 3 affiliates.



BITVEST DICE
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November 06, 2016, 03:31:58 PM
 #1426

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 23BTC investors actually lost 115BTC 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).

And what you reply to me makes no sense at all. Let me(senior member) explain to you(legendary member) how margin 5X works.

Lets say one player has whole global bankroll. And he invested 100 BTC in site. So, when someone win 20BTC he will lose 20 BTC.
Now, lets say that player has invested 100BTC with 5X margin. So, when somene win 20BTC he will lose 100BTC, 20BTC go to player who win and 80 BTC goes to site owners.

All it impacts is how much each individual lost (theirInvest*theirKelly/23.00 BTC = amount lost).
All individual investments make one global investment, right? I didn't said every single investor lost 115btc.

Let site owners correct me if I am wrong.



If an investor puts in 100 BTC at 5x margin, the bankroll will be 500 BTC, and the win will be 12.5 BTC. If this 12.5 BTC payout is hit, the investor still only loses 12.5 BTC.
The real effect of margin is how it affects the bet limits, and how much of the share of profits or losses your investment takes. In the same case as before, where the investor puts in 100 BTC but uses no margin,
the bankroll is 100 BTC, and the max bet is 2.5 BTC, making the investment have a much lower risk and reward.

In the first case of 12.5 BTC being lost, the bankroll would drop 62.5 BTC in size, however this bankroll is not all real coins, it's coins on margin, so a "real" drop of 12.5 being paid out makes it drop the "bankroll" value by 62.5, even though only 12.5 real coins have moved.

In a case with multiple investors on the site, say, one with 100@1x, and another with 100@5x, we'll have a bankroll of 600 BTC, and a max win of 15 BTC. Let's say someone wins 12 BTC. In this case, the 1x investor makes up (100 * 1) / 600 = 1/6 of the bankroll, so he loses 12 * 1/6 = 2 BTC. The 5x investor makes up (100 * 5) / 600 = 5/6 of the bankroll, so his loss will be 12 * 5/6 = 10 BTC.

In the same case as above, if someone were to lose 12 BTC, the 1x investor would receive 2 BTC, and the 5x investor would receive 10 BTC.

Margin does not in any way make the house directly receive money, we only indirectly receive it from the fact that it increases bet limits, which enables more and larger bets to occur, generating more revenue. Our investors' profit/loss has no effect on our income, only the total amount bet does.



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November 06, 2016, 03:46:09 PM
 #1427

Makes sense to me, if anyone is unsure how something works you can check the site the investment tab will show how much you can earn off a certain size lose.
It could also be used in reverse to show how much you can lose based on your investment weight.



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November 06, 2016, 03:55:52 PM
 #1428

My apologies to Ranlo  Embarrassed  Embarrassed i got this all wrong..

Its just i saw global invested dropped 200BTC since n8 was winning, does it mean everyone is using 5X margin? And if so, what is point of 5X margin, only to raise bet limit?

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November 06, 2016, 03:58:41 PM
 #1429

My apologies to Ranlo  Embarrassed  Embarrassed i got this all wrong..

Its just i saw global invested dropped 200BTC since n8 was winning, does it mean everyone is using 5X margin? And if so, what is point of 5X margin, only to raise bet limit?

Yeah almost everyone investing is doing x5 margin.



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November 06, 2016, 05:57:14 PM
 #1430

If an investor puts in 100 BTC at 5x margin, the bankroll will be 500 BTC, and the win will be 12.5 BTC. If this 12.5 BTC payout is hit, the investor still only loses 12.5 BTC.

The real effect of margin is how it affects the bet limits, and how much of the share of profits or losses your investment takes....

The last sentence above is the key.  Margin lets you increase the impact of your investment, but does not alter what is lost or won by players.

Most major sites now have the margin feature, Just Dice, Bit Dice.me, etc.  It's fairly well understood but they do vary on what "bankroll" they show.  JD most prominently displays unleveraged bankroll while Bitvest shows the leveraged one. 

So what may have confused someone would be the "global bankroll" shown by the site would go down more dramatically due to leverage, but as Zodiac pointed out, that is not actual coins being lost by investors.

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November 06, 2016, 11:17:22 PM
 #1431

Yeah its pretty straight forward.



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November 06, 2016, 11:32:22 PM
 #1432

My apologies to Ranlo  Embarrassed  Embarrassed i got this all wrong..

Its just i saw global invested dropped 200BTC since n8 was winning, does it mean everyone is using 5X margin? And if so, what is point of 5X margin, only to raise bet limit?

But using 5x margin you will get 5 times more than using 2x margin but you will suffer 5 times lose more when player wins. Actually it still dependa on whether player will win on their site or not. Although you play on huge margin if you keep on losing this will be disadvantage on you. Mean while if you play lower margin and keep on winning, I will still prefer lower margin
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November 06, 2016, 11:37:17 PM
 #1433

In the end the house wins so short term as an investor there could be huge loses but the way the math works is investors will get profit.
Just depends on the luck of the day if the gamblers will win or the investors but long term investors win.



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November 07, 2016, 06:52:43 AM
 #1434

N8 is back and this is his latest good hit Smiley

https://bitvest.io/results?query=41489143&game=plinko

Investors are on their way back , Global BR rising again and as sparked mentioned mathematically investors should get profit soon .

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November 07, 2016, 06:57:25 AM
 #1435

Its really fun watching this guy play.



.
.BITVEST DICE.
HAS BEEN RELEASED!


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November 07, 2016, 06:48:54 PM
 #1436

Great news everyone! Bitvest is now officially supported in DiceBot!
You can download the latest stable version from https://bot.seuntjie.com/botpage.aspx



.
.BITVEST DICE.
HAS BEEN RELEASED!


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November 07, 2016, 06:56:12 PM
 #1437

Great news everyone! Bitvest is now officially supported in DiceBot!
You can download the latest stable version from https://bot.seuntjie.com/botpage.aspx

This!

BillyBurns
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November 07, 2016, 08:46:51 PM
 #1438

N8 is back and this is his latest good hit Smiley

https://bitvest.io/results?query=41489143&game=plinko

Investors are on their way back , Global BR rising again and as sparked mentioned mathematically investors should get profit soon .

spoke too soon he just damaged it

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November 07, 2016, 08:48:08 PM
 #1439

He is going to hit sooner or later just depends what multiplier he is going to hit.
He is past 2400 btc bet now.



.
.BITVEST DICE.
HAS BEEN RELEASED!


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November 07, 2016, 09:08:42 PM
 #1440

my deposit address changed twice in a few minutes, safe to send to new one?

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