www.gamebet.gg Launches GameBet Coin (GBT) eSports -- SALE OVER!!!

[Vlizzjeffrey]

Dev, how do you see the value of GBT growing then? the coin itsself wont be used for betting, how will the coin GBT get attention from investors then?

You must come up with something within the website that makes people want to buy GBT in my opinion, something where users of the site feel they need to/want to buy GBT, .

maybe use a little bit of the premine, and put it in betting pots ( for every dollar bet 1 GBT maybe?), so winners also recieve some GBT, so they also have the GBT in their posession, and know more about it.

Im trying to think of more but cant think of anything else at this moment.

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[etparle]

Dev, how do you see the value of GBT growing then? the coin itsself wont be used for betting, how will the coin GBT get attention from investors then?

You must come up with something within the website that makes people want to buy GBT in my opinion, something where users of the site feel they need to/want to buy GBT, .

maybe use a little bit of the premine, and put it in betting pots ( for every dollar bet 1 GBT maybe?), so winners also recieve some GBT, so they also have the GBT in their posession, and know more about it.

Im trying to think of more but cant think of anything else at this moment.

Why would you want to sell your gbt if its bringing you payments every month? And if it was then dont you assume people would want to buy it from you so they can hold and then get paid monthly off the profits.

[edmundduke]

So how does the referral system work? From where is the % taken? Is it added to the houses rake or payd by the house ?
If house takes 2% would that mean that the user would gain 1% of that 2%?
So lets say someone looses 100 and the rake is 2. The amount the user would get for the referral is then 0.02?

You also mention that investors gain extra depending on level. Lets say a level 2 rare with extra 8% would then gain 0.16 in that situation ? Or is it +8% of that 0.02?

An indepth explanation of how this works .

Maybe i am stupid but i could not find the "indepth" part.

Houses rake is 2% right?
From that thread it seems ferrals get 1% and sub refs get 0.5%.

Lets say pot is 100. Does house take the 2% and referals take 1% and if 0.5%.
Or is it 1% aftr house takes its rake? So 1% of 98

Explain the extra % on referrals please. Does it add to sub ferrals also?
For example extra 30% would that then make the ref reward 1.3% and the 0.5% would then be 0.65%?
Making the overall rake 3.95%?

So, let me try to clarify.
Suppose on a match and on each side theres 4 bets (placed by 8 people)
Side-A: 10, 25, 50, 100
Side-B: 10, 25, 50, 100

Suppose Side-B loses, and the person who bet $50 (on Side-B) has a refferer.
1% of this goes to his referrer ($0.05).
Thus, the loser pool of Side B is Sum[10, 25, 50-0.05, 100] = 184.95
The house then takes its rake from this value (184.95) and the remainder is distributed to the people on Side-A based on their bets.

Now calculate Side-A Sum[10, 25, 50, 100] = 185
So suppose the remainder was 370 (I know in this ex. it's not, but I'm using this figure for easy math)
The person who bet 10 on Side-A will receive 10 + (370 * (10/185)) = 30
The person who bet 25 on Side-A will receive 25 + (370 * (25/185)) = 75
etc.

Ok got it. P.S Im Guessing that 1% of 50$ = 0.50$

And for the other part? The extra % that the investors gain, was that part correct ?

[iambitcoin5]

OK so I've read through all pages today for about 1 hour and a little confused about how it works. So the GB Tokens that are sold through the ICO will have a value that can rise or fall on exchanges like any other coin right? And how do profits work when you invest a certain amount of btc in ICO?

[Mystogan]

I was setting up the 2FA but my Internet went down so I didn't complete the 2FA and logged out, but now it's asking me for my 2FA code to login. I have invested in ICO.

I have also dropped you an email about this.

[$dakini]

Is it possible to see the invested balance in some BTC account?
How do we know you are not re-investing with the investments from other members?

[jibble]

I actually know gambling systems extremely well. $1200 volume is literally nothing. Its not even an argument. You don't need paid marketing to build a user base. For those that still believe in this extremely overpriced site, who is willing to take a straight up wager on how successful this site will be?

I will take you up on a bet if you like , but not under the completely ridiculous terms you offer, 100% ROI in a year?

investors in casinos usually see 7-14% ROI yearly from any casino investments on average , during the recession it reached a negative ROI they actually lost money .

Obviously you would be willing to place a 1 bitcoin bet on an event that very rarely happens in reality and isn't even close to the representation of any actual casino businesses except maybe a magical few


If you can get an escrow willing to hold, or if you just want a simple gentleman's agreement , i am perfectly happy to pay you if i am wrong .

1 bitcoin 1:1 , that in 1 year it will achieve at least 25% ROI , this is almost 300% higher than low earning casinos, 200% more than your average yearly return on a casino investment and 60-70% higher on the high scale profitable casinos.

[bluedude]

WOW the ICO amount has already reaches BTC56.5
Nice going...

[AltcoinScamfinder]

I actually know gambling systems extremely well. $1200 volume is literally nothing. Its not even an argument. You don't need paid marketing to build a user base. For those that still believe in this extremely overpriced site, who is willing to take a straight up wager on how successful this site will be?

I will take you up on a bet if you like , but not under the completely ridiculous terms you offer, 100% ROI in a year?

investors in casinos usually see 7-14% ROI yearly from any casino investments on average , during the recession it reached a negative ROI they actually lost money .

Obviously you would be willing to place a 1 bitcoin bet on an event that very rarely happens in reality and isn't even close to the representation of any actual casino businesses except maybe a magical few


If you can get an escrow willing to hold, or if you just want a simple gentleman's agreement , i am perfectly happy to pay you if i am wrong .

1 bitcoin 1:1 , that in 1 year it will achieve at least 25% ROI , this is almost 300% higher than low earning casinos, 200% more than your average yearly return on a casino investment and 60-70% higher on the high scale profitable casinos.

I don't think he understands how this works. 'I actually know gambling systems extremely well' is not something you say, if you do.

[El3k0n]

Loving the progression of this project and all the building interest in it. The more I read through the more my investment makes perfect sense this is going to have a lot of support from many different investors.

WOW the ICO amount has already reaches BTC56.5
Nice going...

It really is going very nice isn't it!?

[hmachado]

Some days ago i had taken a glance at this topic and it looked interesting so i kept it on the bookmarks to take a second look later.

After 3 hours getting up to date with everything that was posted, still cant say im 100% convinced, but 100% wouldnt be realistic on Crypto.
You have some stuff already working and thats more then we can say about most of your "competitors".
Also this seem to be a "honest" attempt to do something that appeals to a lot of people.

Gonna consider getting in, good luck.

[Pietpiraat]

Lets say the ico ends with 200 BTC.

If i put in 2btc that will give me 20.000.000 / 200 * 2 = 200.000 GBT

What would that give me in monthly profit for holding those 200k coins if for example the house is making $20,000 every month ?

[DailyModo]

Is it possible to see the invested balance in some BTC account?
How do we know you are not re-investing with the investments from other members?

You can see all the investments on the ledger. Every night we sell the majority of the bitcoin that has come in during the day. We do this for a few reasons but the main 2 are because, we are offering perks to our investors that actually cost us money our of pocket (steam prepaid cards, steam silver ect) so we must sell right away to cover theses costs. The 2nd reason we sell daily is because we are not gambling on the price of bitcoin. We have expenses and bills to pay and most of them don't take bitcoin as payment. Holding fiat is much safer for us then holding bitcoin is and the last thing we want to happen is for bitcoin to dump $100 and we end up losing 25% on top of what we have to put our for the perks.

Thanks for the great question.

[etparle]

Can the sports betting open up sooner then the playoffs. It would be nice to get a feel for it before the actually playoffs start and can get more users for the site right away.

[BlueTemplar]

I cant find the signature campaign thread anywhere. I'd like to participate. Who should I contact for this?

[sxafir]

Price in more or less after relase?

[orryde]

Someone please pinch me  MOAR dota2 wins for moi!! 

Im on a ROLL! Who else won in yesterdays big matches? 

We need to make a special group for the winners, not for selling picks but for spending all our winnings!!!!!! 

[e6ug]

Someone please pinch me  MOAR dota2 wins for moi!! 

Im on a ROLL! Who else won in yesterdays big matches? 

We need to make a special group for the winners, not for selling picks but for spending all our winnings!!!!!! 

HAHA you are killing it!!

[orryde]

i be trying. but i dont post my losses and i do lose. but its better to post just the winners plus it makes me feel better about losing.

[ezview]

Can the sports betting open up sooner then the playoffs. It would be nice to get a feel for it before the actually playoffs start and can get more users for the site right away.

Yes please open up the sports betting ASAP. I have my account funded with $400 and im ready to start making bets.