The smart investors are already out.
I've looked at the figures, if the site can be making 1m dollars plus I'm gong to be holding those tokens probably until the company doesn't exist cause as an investment they are awesome....smart investors should be thinking about holding.imo
$100,000 \ 268btc = $3,700 annual profit per BTC........obviously a lot of ifs and maybes but seriously why the hell would anyone sell near the ICO price unless you are an idiot.
Yeah i agree still a lot of Ifs and maybe's but when you expand even further it still is a pretty good looking investment.
$50 million of betting would be $1 million of profit roughly at the 2% house take, this 2% isn't concrete and an average from the looks of it, could be higher or lower. *Edit , taking into account the 10% of that 1 million profit instead of using the 1 million as the amount of profit lowers numbers by a decimal place
This would give us at the 10% rate which will be standard after the first year, First year is 30% so even more money to be potentially made in the first year , althou it needs to be known that the first year will most likely be the least productive in terms of website usage so warrants the extra % profit.
But 50 million divided by 365 = $136986. This would be the amount of money needed for the site to take in in bets every day to achieve 50 million dollars being spent on the site in a year.
Now during the first year this could be very difficult , but the first year we have a increased % , because of the decline thou it wont be a solid 30% return for the year , more like 15%-20% over the whole first year . So you can effectively half that number for the first year with increased profit percentages.
so $68493 a day in bets placed on the website to achieve the number you have given for the first year, requiring it to be doubled the next year obviously but with 1 year of business and marketing , the increase of site users should effectively counteract it .
* revised
So lets look at it now
if the site makes around $68493 a day on average in the first year , you will see around a 90% ROI , this doesn't include the very probable likelihood of a very nice % gain in ROA.
Seem's unrealistic to some? half that number again. $34246.5 a day in bets for the first year would achieve a 45% ROI , still a decent return for any asset and only needs to reach half.
Still unrealistic to some?
Half it again , $17123.25 a day in bets in the first year will return an around 22.5% ROI and an increased value in the asset you are holding.
Edit :
100000/ 268 = $373
god dam it i should of checked the primary number i was basing those working's out on before i wrote that what is effectively shit now
will rewrite it with correct numbers now
Revised it and moved everything down a decimal place .
