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Author Topic: Betking investment  (Read 523 times)
leen93
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July 31, 2016, 02:35:24 PM
 #1

At BetKing 25% of the edge from the wagered amount is taken from the house bankroll after every bet. So for dice: If a player bets 0.1 Bitcoin and loses the house bankroll will increase by 0.09975. If a player bets 0.1 Bitcoin and wins the house bankroll will decrease by 0.10025. This works out to be 25% of the profit over the long run. However by taking commission at time of bet it provides a stable revenue for the site to pay for server, development and marketing costs.


At the end of each week, Monday midnight GMT, or when you divest 25% commission will be deducted from your profit. This commission is only charged on new profit. So you will not be charged for profit made before 30/10/2015 and you will not be charged when your profit falls below the amount that is already been charged. When you withdraw funds you can withdraw your initial investment without paying commission. Only profit withdrawn will have commission charged.


i invest 1000 BTC
so if i make 1 BTC this week, you charge me 0.25 BTC
next week I lose 1 BTC, nothing will be charged
i withdraw 999.75

I lost 0.25 BTC just because 1 week had a big earning and the next week the same amount of loss, would these bets occur in 1 week i would have lost the 0.5 BTC. Am I right?
THe system (if it really is working like described) doesn't make any sense to me, is this normal?
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BetKing.io
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July 31, 2016, 04:27:04 PM
 #2

Think you have that wrong.

It works pretty much the same as every other site that takes commission weekly.

If you make 1 Bitcoin one week you will pay 0.25.

If you lose the next week you pay nothing.

If you win 1 Bitcoin the next week you pay nothing.

If you win 1 Bitcoin again the next week you pay 0.25.

Commission is only charged once on the profit.

You also have the wagered commission of 0.0025 of the wagered amount of every bet.

leen93
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July 31, 2016, 05:36:30 PM
Last edit: July 31, 2016, 06:14:50 PM by leen93
 #3

simple example

if person X makes 2000 BTC profit before your tax in period 1 you charge him 500 BTC
if person Y loses 1000 BTC before tax (as far as I understand tax = 0)

total winnings of casino : 2000-1000 BTC = 1000 BTC
total amount charged to investors 500 BTC -> more than 25% of 1000 BTC

is it ok, tax whatever you want but you should be honest in your description
"This works out to be 25% of the total investors profit over the long run." is simply not true
NinjaFighter
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July 31, 2016, 08:43:29 PM
 #4

Betking.io invest isnt good because Dean admin iant good ans it is cheater whucj dont care about nobody which is using their site.He removed faucet from their site so i am reall unhappy with betking.io site.
Daffadile
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July 31, 2016, 08:56:37 PM
 #5

Yes you are right since 0.25 and 0.25 = 0.5 out of your total 2btc so 2btc- 0.5 = 1.5btc profit and 0.5 btc to the casino.

simple example

if person X makes 2000 BTC profit before your tax in period 1 you charge him 500 BTC
if person Y loses 1000 BTC before tax (as far as I understand tax = 0)

total winnings of casino : 2000-1000 BTC = 1000 BTC
total amount charged to investors 500 BTC -> more than 25% of 1000 BTC

is it ok, tax whatever you want but you should be honest in your description
"This works out to be 25% of the total investors profit over the long run." is simply not true

This is correct. You only pay commission on profit it is obvious.

Betking.io invest isnt good because Dean admin iant good ans it is cheater whucj dont care about nobody which is using their site.He removed faucet from their site so i am reall unhappy with betking.io site.

Why do you say this ? You can't just say things ? Why should we listen ?


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leen93
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July 31, 2016, 10:22:13 PM
 #6

Yes you are right since 0.25 and 0.25 = 0.5 out of your total 2btc so 2btc- 0.5 = 1.5btc profit and 0.5 btc to the casino.

simple example

if person X makes 2000 BTC profit before your tax in period 1 you charge him 500 BTC
if person Y loses 1000 BTC before tax (as far as I understand tax = 0)

total winnings of casino : 2000-1000 BTC = 1000 BTC
total amount charged to investors 500 BTC -> more than 25% of 1000 BTC

is it ok, tax whatever you want but you should be honest in your description
"This works out to be 25% of the total investors profit over the long run." is simply not true

This is correct. You only pay commission on profit it is obvious.

Betking.io invest isnt good because Dean admin iant good ans it is cheater whucj dont care about nobody which is using their site.He removed faucet from their site so i am reall unhappy with betking.io site.

Why do you say this ? You can't just say things ? Why should we listen ?
there is only 1 btc profit in total for the casino, not 2

+1k btc -> +1.5k X, -1k Y, 0.5k dean
plpbtc1526
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August 01, 2016, 12:51:07 AM
 #7

So what is the minimum investment of betking.io. they say that gambling sites are the good way to invest your btc. Bitvest i think .01 is their minimum investment and im looking for other sites which i can invest my small amount of btc.
BetKing.io
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August 01, 2016, 07:01:25 AM
 #8

So what is the minimum investment of betking.io. they say that gambling sites are the good way to invest your btc. Bitvest i think .01 is their minimum investment and im looking for other sites which i can invest my small amount of btc.

0.01 is the minimum but be aware that there is now only one risk option of 5x.

goldcoinminer
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August 01, 2016, 07:15:34 AM
 #9

So what is the minimum investment of betking.io. they say that gambling sites are the good way to invest your btc. Bitvest i think .01 is their minimum investment and im looking for other sites which i can invest my small amount of btc.

0.01 is the minimum but be aware that there is now only one risk option of 5x.
Well, that is good the more we risk the more we win, to be honest I like that 5x kelly option because I am not really a big investor and I want to have a fast ROI, anyway house has the edge so the as investors have a good chance to win.
fullypak
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August 01, 2016, 07:15:49 AM
 #10

So what is the minimum investment of betking.io. they say that gambling sites are the good way to invest your btc. Bitvest i think .01 is their minimum investment and im looking for other sites which i can invest my small amount of btc.

You also can consider investing in moneypot site. If I'm not wrong, they don't have any minimum amount requirement to invest. Remember, don't invest all your money on any single casino, put it on few well trusted casinos to reduce future risks.
leen93
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August 01, 2016, 02:01:43 PM
 #11

Think you have that wrong.

It works pretty much the same as every other site that takes commission weekly.

If you make 1 Bitcoin one week you will pay 0.25.

If you lose the next week you pay nothing.

If you win 1 Bitcoin the next week you pay nothing.

If you win 1 Bitcoin again the next week you pay 0.25.

Commission is only charged once on the profit.

You also have the wagered commission of 0.0025 of the wagered amount of every bet.
description on the website is still wrong dean...
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