Just-Dice.com : now with added CLAMs : Play or Invest

[elitenoob]

ID: 349

[stayeduptolate]

great Idea by the way with the invest!

[dooglus]

reserved

I'm user 355, am going to try this.

49 2013-06-20 18:43:38 (1) manually crediting user 355 with amount 0.01 toddtervy

Good luck (though not too much please )

Edit:

50 2013-06-20 18:45:06 (1) manually crediting user 349 with amount 0.01 elitenoob

[howeth]

User id 369 Thanks!

[dooglus]

User id 369 Thanks!

Good luck!

51 2013-06-20 19:05:26 (1) manually crediting user 369 with amount 0.01   howeth

[icey]

Very generous free bet people, get it while its hot.

Turned mine into a nice sum which I've re-invested back into the site

[Mooshire]

Nice dooglus, it's great to see someone trusted in the communtiy making an innovative site like this. Well done!

ID: 382

[RioGrande]

386 please

[petrescuerz]

Nice to see so much action, so early on. Less than 24 hours since going live!

Nicely done, Doog! xox


bets:218,010
wins:86,975
losses:131,035
luck:98.75%
wagered:2,891.11591052
site is up:65.52261333
invested:1,565.931

[hambalan]

#388 much appreciated for your generosity

[dooglus]

52 2013-06-20 19:36:28 (1) manually crediting user 382 with amount 0.01 Mooshire
53 2013-06-20 20:04:30 (1) manually crediting user 386 with amount 0.01 RioGrande
54 2013-06-20 20:09:50 (1) manually crediting user 388 with amount 0.01 hambalan

[TheUntitled]

Hey there, I'd love to try this out!

My ID is 391.

[infested999]

ID 393

[bit777]

Quick question dooglus. When new investments come in, does the equity of current holders get devalued, or there is a fixed equity threshold for investments that at some point will deplete?

[icey]

Quick question dooglus. When new investments come in, does the equity of current holders get devalued, or there is a fixed equity threshold for investments that at some point will deplete?

They get devalued. All new investments are proportional and investing early makes no difference (i asked earlier )

[dooglus]

Quick question dooglus. When new investments come in, does the equity of current holders get devalued, or there is a fixed equity threshold for investments that at some point will deplete?

Each investor is effectively running their own dice site.  They offer up 1% of their investment to anyone who wants to play against them.  The more invested, the more available for players to win per roll.  I started with near 100% of the bankroll, and now, due to people investing, I have 16% or so.  I still risk the same amount per roll, but the max profit per roll is now 15 BTC, whereas before it was much lower.

When someone bet 1 BTC initially, I got to bankroll the whole bet.  Now I only bankroll 16% of the bet.  In order to risk a whole 1% of my investment, I need people to bet the maximum.

Does that answer your question?

55 2013-06-20 20:23:43 (1) manually crediting user 391 with amount 0.01 TheUntitled
56 2013-06-20 20:24:29 (1) manually crediting user 393 with amount 0.01 infested999

[dooglus]

They get devalued. All new investments are proportional and investing early makes no difference (i asked earlier )

"Devalued" makes it sound like your investment is worth less.  That's not the case.

I used to control 100% of 100 BTC.  Now I control 10% of 1000 BTC.  What my investment "devalued"?  I can still get the 100 back if I want it (assuming the site didn't lose it to gamblers).

I considered passing the bets to investors in the order they invested, but then the last investor hardly sees any action.  They only get played against by the people placing max bets.  It seems that would put latercomers off from investing.  So the bets are shared between investors in proportion to the size of their investment.

[MasonIII]

ID: 336

Sounds like a cool site!

[icey]

They get devalued. All new investments are proportional and investing early makes no difference (i asked earlier )

"Devalued" makes it sound like your investment is worth less.  That's not the case.

I used to control 100% of 100 BTC.  Now I control 10% of 1000 BTC.  What my investment "devalued"?  I can still get the 100 back if I want it (assuming the site didn't lose it to gamblers).

I considered passing the bets to investors in the order they invested, but then the last investor hardly sees any action.  They only get played against by the people placing max bets.  It seems that would put latercomers off from investing.  So the bets are shared between investors in proportion to the size of their investment.

Maybe devalued is the wrong word like you say.

[Emergenz]

ID 399