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Author Topic: XIII FREE Tipster Competition *Pre-Launch* (Discussion Thread)  (Read 106388 times)
DirectBet
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December 31, 2015, 08:14:06 AM
 #201

Quote
6. You can not have "duplicate" bets even if they are made at different odds. If you do so, we will only count the first one.

The list shows all the bets that he placed, but if multiple bets were placed on the same selection, the leaderboard counts the first bet only.

It's OK to place multiple duplicated bets to increase your bet stake, but for the purpose of this competition, only the first bet will count.

It's also OK to bet more than 5% of your bankroll. Here again, for the purpose of the competition, the leaderboard will count your bet stake up to 5% of your available bankroll at the time, even if you bet more. Of course, the payout will be calculated based on your full bet stake.

Also about 13% boost: there should be minimum odd.
Because I can easily abuse the system/rules and create a 1nd account which will win the competition for sure, but will have a real ROI of ~0 or even -Few%.

How: Betting straight 5% every time on 1.01-1.03.

There is no advantage to betting with low odds.

If you place 300 bets during the competition (6 weeks) at odds of 2, you get the same benefit as someone who placed 300 bets at odds of 1.01.

The only difference is variance. Betting at low odds reduces your variance. Sometimes you may want to deploy a low variance strategy, and at other times a high variance strategy is best, but the bonus is equally the same regardless of the bet odds.

The purpose of the 13% bonus is to encourage action and reward active participants, but we capped it at 300 bets to prevent abuse.

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January 01, 2016, 03:11:15 AM
 #202

There is no advantage to betting with low odds.

If you place 300 bets during the competition (6 weeks) at odds of 2, you get the same benefit as someone who placed 300 bets at odds of 1.01.

The only difference is variance. Betting at low odds reduces your variance. Sometimes you may want to deploy a low variance strategy, and at other times a high variance strategy is best, but the bonus is equally the same regardless of the bet odds.

The purpose of the 13% bonus is to encourage action and reward active participants, but we capped it at 300 bets to prevent abuse.

It's not exactly true. Betting on 1.01 - 1.02 with less than allowed maximum is brainless. Betting with the maximum allowed 5% with average odd of ~3.0 is a sure way to bankrupt. So it's not strategy, it's abusing bonus system to win some coins in the competition without any real value to the user and just a fake ROI.

Example - 20 bets on 1BTC bankroll on 1.01 with 5% -> imaginary challenge bankroll after bonus is now

1.13 and then repeat again and again for 300 bets (30 whole turnovers)

and here is the
1
1,13
1,2769
1,442897
1,63047361
1,8424351793
2,0819517526
2,3526054804
2,6584441929
3,004041938
3,3945673899
3,8358611506
4,3345231002
4,8980111032
5,5347525466
6,2542703777
7,0673255268
7,9860778453
9,0242679652
10,1974228006
11,5230877647
13,0210891741
14,7138307668
16,6266287665
18,7880905061
21,2305422719
23,9905127672
27,109279427
30,6334857525
34,6158389003
39,1158979573

Even if we accept your margin is 100%, e.g. instead of losing 1/100 are losing 1/50, you could just return the table above with less than 1 step.
Nobody can beat that. And it cannot be done with higher odds.


And Happy New Year to all Smiley
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January 02, 2016, 01:18:26 AM
 #203

There is nothing wrong with your math, but that is theory and given the last competitions that is not what happens in reality because you will lose more than 1 or 2 bets in 100.
With your example a player would have 195% just on the 30th bet. That never happened in any competition.

If I'm not mistaken, on the last competition, the final ROI% was around 180% from a player with around 900 bets, that was "accused" of using that strategy.

There is another problem with that theory, that is that it would not be profitable for any player to do that just for the prize. The 13% are virtual, so that means that you will be risking a progressive bigger number of coins @1.01, meaning that you will lose a lot when you miss that bet.
On your example a player would be risking 0.09 BTC @1.01 already on the 30th bet.

We have a minimum of 70 bets, so at the 70th bet he would be risking 11 BTC @1.01. And yes you can say that he would not be betting that much because he already had a great ROI etc, but this example is only to prove that no one will use the bonus to exploit the competition like your are saying because it's just not profitable that way.

The bonus serves a mission, to encourage and reward an active participation in this competition, and it accomplishes that. No one will use just to win the competition, like you used it in your example, because like I said it's just nor worth it.

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January 03, 2016, 12:11:49 AM
 #204

Hello everyone, we decided to let the Late Registration Open until January 9th, 00h UTC, since we also allow the ROI to be cleaned until that date, and we still have around 1 month to play.

So like in the previous competitions Late Registration and ROI reseting will be open until we reach the 3 final weeks of the competition.

So please note:
- Late registration: until January 9th, 00h UTC (that counts for adding more addresses to)
- ROI reset: until January 9th, 00h UTC

So you can still add more addresses to the competition until that date.
Also remember that we need at least 50 active players (meaning 70 bets plus in the competition), so we pay full prizes!!!

We really want to offer full prizes guys, but it's up to you!

Good luck!

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January 04, 2016, 12:55:23 PM
 #205

I would like to restart my ROI
where do i send the btc and how much?


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January 04, 2016, 03:57:10 PM
 #206

I would like to restart my ROI
where do i send the btc and how much?

Hello Joca, the coins should be sent to the tipping address that will be collected by the winner of the competition. The minimum amount is 10mBTC but you can donate more if you want (remember it will be collected by the winner of the tournament).

Here is the address: 14XffmnFXRjgNzFeMZV3FfjkBT3xZrRJLy

Also send a PM to direcbet confirming the transaction and asking for the ROI reset.

Good luck!

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January 04, 2016, 09:57:26 PM
 #207

Hi I would like to ask something.
I'm about to win 83.01x bet; https://directbet.eu/BetStatus.cshtml?BetID=135AR61ix2U5Gha1Y3RXzMpVUBjChvbyk5
And My roi will be +%400 (or more I don't know).

So to be qualified to win I need to make 167 bets, is that right?
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January 04, 2016, 10:01:46 PM
 #208

Hi I would like to ask something.
I'm about to win 83.01x bet; https://directbet.eu/BetStatus.cshtml?BetID=135AR61ix2U5Gha1Y3RXzMpVUBjChvbyk5
And My roi will be +%400 (or more I don't know).

So to be qualified to win I need to make 167 bets, is that right?

Yes, that is correct, pandacoin.

By the way, congrats. Wink

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January 04, 2016, 10:05:24 PM
 #209

Hi I would like to ask something.
I'm about to win 83.01x bet; https://directbet.eu/BetStatus.cshtml?BetID=135AR61ix2U5Gha1Y3RXzMpVUBjChvbyk5
And My roi will be +%400 (or more I don't know).

So to be qualified to win I need to make 167 bets, is that right?

Yes, that is correct, pandacoin.

By the way, congratulations. Wink
Thanks Smiley
When I have time I will also post my bets on the topic, I'm kinda busy in these days.
Also, I'll join the comptetition with another adress, when I got time Smiley
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January 04, 2016, 10:10:29 PM
 #210

Hi I would like to ask something.
I'm about to win 83.01x bet; https://directbet.eu/BetStatus.cshtml?BetID=135AR61ix2U5Gha1Y3RXzMpVUBjChvbyk5
And My roi will be +%400 (or more I don't know).

So to be qualified to win I need to make 167 bets, is that right?

83.01 x win

Damn that's a great win, congratulations bro!

You should be very, very close to winning this competition & I can say that even this early in the competition.

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January 04, 2016, 10:12:03 PM
 #211

Hi I would like to ask something.
I'm about to win 83.01x bet; https://directbet.eu/BetStatus.cshtml?BetID=135AR61ix2U5Gha1Y3RXzMpVUBjChvbyk5
And My roi will be +%400 (or more I don't know).

So to be qualified to win I need to make 167 bets, is that right?

83.01 x win

Damn that's a great win, congratulations bro!

You should be very, very close to winning this competition & I can say that even this early in the competition.

There is still a lot of time to go, LFC_Bitcoin (almost a month) - you never know what else may happen. Cheesy

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January 04, 2016, 10:16:20 PM
 #212

I would like to restart my ROI
where do i send the btc and how much?

Hello Joca, the coins should be sent to the tipping address that will be collected by the winner of the competition. The minimum amount is 10mBTC but you can donate more if you want (remember it will be collected by the winner of the tournament).

Here is the address: 14XffmnFXRjgNzFeMZV3FfjkBT3xZrRJLy

Also send a PM to direcbet confirming the transaction and asking for the ROI reset.

Good luck!
https://blockchain.info/tx/49b906aaee8a9b57c1a749e9c74354ec835f7591eefad217673753e3d5088dd5
sended 0.01 please restart


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January 04, 2016, 10:20:03 PM
 #213

I would like to restart my ROI
where do i send the btc and how much?

Hello Joca, the coins should be sent to the tipping address that will be collected by the winner of the competition. The minimum amount is 10mBTC but you can donate more if you want (remember it will be collected by the winner of the tournament).

Here is the address: 14XffmnFXRjgNzFeMZV3FfjkBT3xZrRJLy

Also send a PM to direcbet confirming the transaction and asking for the ROI reset.

Good luck!
https://blockchain.info/tx/49b906aaee8a9b57c1a749e9c74354ec835f7591eefad217673753e3d5088dd5
sended 0.01 please restart


Ok, it will be manually done as soon as possible.
Good luck!


Thanks Smiley
When I have time I will also post my bets on the topic, I'm kinda busy in these days.
Also, I'll join the comptetition with another adress, when I got time Smiley

Congrats pandacoin! Also, since you are considering adding another address, don't forget that you must do it before 9th January, 00h UTC, in the registration thread.

Good luck!

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January 05, 2016, 02:04:39 AM
 #214

Amazing Pandacoin in top position bet 0.00512912 BTC with odds @83.01  Payout of 0.42576825 BTC  make a parlay with 13 teams
He was really lucky  ROI in competitions 433.57%

https://directbet.eu/BetStatus.cshtml?BetID=135AR61ix2U5Gha1Y3RXzMpVUBjChvbyk5

DirectBet
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January 05, 2016, 06:02:51 AM
 #215

I would like to restart my ROI
where do i send the btc and how much?

Hello Joca, the coins should be sent to the tipping address that will be collected by the winner of the competition. The minimum amount is 10mBTC but you can donate more if you want (remember it will be collected by the winner of the tournament).

Here is the address: 14XffmnFXRjgNzFeMZV3FfjkBT3xZrRJLy

Also send a PM to direcbet confirming the transaction and asking for the ROI reset.

Good luck!
https://blockchain.info/tx/49b906aaee8a9b57c1a749e9c74354ec835f7591eefad217673753e3d5088dd5
sended 0.01 please restart


Hi Joca97,

Your ROI was reset.

Good Luck !

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January 05, 2016, 06:08:51 AM
 #216

I dont really see the rules of the participation reward so I'll ask instead. Does the participation reward will be given only to those that bets 70 times bet with minimum of 1% still or does this will be given to everyone that register even without playing ? Could I get more than 1 participation reward if I register with more than 1 addresses?

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Akche, Türkiye'nin Dijital Parası
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January 05, 2016, 06:26:36 AM
 #217

I dont really see the rules of the participation reward so I'll ask instead. Does the participation reward will be given only to those that bets 70 times bet with minimum of 1% still or does this will be given to everyone that register even without playing ? Could I get more than 1 participation reward if I register with more than 1 addresses?

Yes, you will need to make 70+ bets to be eligible for the participation prize. Reference: "Important Note" on https://bitcointalk.org/index.php?topic=1248467.msg12963500#msg12963500
No, you will only get 1 participation prize. You can win multiple prizes if your entries are at the top places btw. Reference: Rule 5 on https://bitcointalk.org/index.php?topic=1248467.msg12963505#msg12963505

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January 05, 2016, 10:00:46 AM
 #218

I dont really see the rules of the participation reward so I'll ask instead. Does the participation reward will be given only to those that bets 70 times bet with minimum of 1% still or does this will be given to everyone that register even without playing ? Could I get more than 1 participation reward if I register with more than 1 addresses?

Yes, you will need to make 70+ bets to be eligible for the participation prize. Reference: "Important Note" on https://bitcointalk.org/index.php?topic=1248467.msg12963500#msg12963500
No, you will only get 1 participation prize. You can win multiple prizes if your entries are at the top places btw. Reference: Rule 5 on https://bitcointalk.org/index.php?topic=1248467.msg12963505#msg12963505

Thank you, Shogen.

Yes, shulio, participants will need to make the required minimum number of bets, with a minimum stake of 1% of their current bankroll, to qualify for prizes / participation prize, and only one participation prize will be given per qualified participant (although, as Shogen pointed out, participants can received multiple top place prizes, if they are using multiple entries in the competition).

However, I would just like to add that the minimum number of required bets for a given participant's account may be higher than 70, as explained in the Main Rule 5.1 - that is, if a bet is won at odds greater than 35, the new minimum number of bets for that account will be double that odd (as an example, see the reference to pandacoin's bet in the posts above).

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January 05, 2016, 10:11:36 AM
 #219

Hi I would like to ask something.
I'm about to win 83.01x bet; https://directbet.eu/BetStatus.cshtml?BetID=135AR61ix2U5Gha1Y3RXzMpVUBjChvbyk5
And My roi will be +%400 (or more I don't know).

So to be qualified to win I need to make 167 bets, is that right?

Nice bet!
Yesterday I jump on my chair Smiley when I see your first place, but by the way, NICE SHOT!
 Wink
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January 05, 2016, 12:57:38 PM
 #220

Important Warning:

Although it is present on the rules, and I already stated this more than once, I will keep making this warning from time to time, while it is still necessary.

As you can see in the prize announcement, either in the main thread or the registration thread:

Important Note: The prizes above require at least 50 qualified entrants that place 70+ bets (including multi entries, see "Multi Entry" rule on the post bellow). If there would be less entrants, the prizes will be cut in half.

For now, and from 80 participants, only 15 are above 70 bets, and even if we consider "potentially active", only 25 are above 40 bets. We really want to pay those prizes in full guys. You still have time, so it's up to you.

And remember there is a 100mBTC participation prize if you are active, so everyone wins, don't waste this opportunity!

Also remember that you can RESET your negative ROI% until 9th January, 00h UTC.
So everyone still has a shot at these prizes.
For now only Joca did it, like in the last competition.

Good luck!

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