Just-Dice.com : Invest in 1% House Edge Dice Game

[🏰 TradeFortress 🏰]

[1713549196]

1713549196

[1713549196]

1713549196

[ciuciu]

So, are you betting investors funds?

[🏰 TradeFortress 🏰]

So, are you betting investors funds?

No. Even through the account was originally intended for investments, I take all losses and gains in gambling myself.

[Dabs]

10% interest in 3 clicks. Much better than 7% per week.

[ciuciu]

So, are you betting investors funds?

No. Even through the account was originally intended for investments, I take all losses and gains in gambling myself.

I sure hope your luck will last.

[Lohoris]

I sure hope your luck will last.

As a just-dice small investor, I certainly hope it won't last that much : P

[bobboooiie]

The real question is why didn't he go for 501 BTC? Thus outstripping SDice

There's a good reason for that:

18:01:57 (35) <gladoscc> And I did something I never should have done: I took my investment uot and bet it all on 93

He bet everything he had invested!

Edit: of course, now he has an extra 32 BTC and so does have enough to set the record. 

In other news, I made a list of bet sizes.  People seemed interested in how the bet sizes break down.  Each line is a count and a bet size:

    http://just-dice.com/bet-sizes.txt

How about just some nice top 10 bets for day and top 10 all time ?

[petrescuerz]

A lecture in Beijing yesterday. All hail King Dooglus!

[Bugpowder]

The real question is why didn't he go for 501 BTC? Thus outstripping SDice

There's a good reason for that:

18:01:57 (35) <gladoscc> And I did something I never should have done: I took my investment uot and bet it all on 93

He bet everything he had invested!

Edit: of course, now he has an extra 32 BTC and so does have enough to set the record.  

In other news, I made a list of bet sizes.  People seemed interested in how the bet sizes break down.  Each line is a count and a bet size:

    http://just-dice.com/bet-sizes.txt

Made it pretty.

Pretty cool that you can see the common martingales as diagonal lines in the site betting patterns!

Looks like the lines are someone doing 8.91x payout bets, increasing 1.1111x each time they lose.

[ronaldlee0917]

Played a few rounds of Martingale and earned back all the btcs I had lost by investing.

[dooglus]

I keep hearing "I showed this site to my friend who knows about investments and he tells me it's a scam because the commission of 1% is too low".

I'm sick of defending myself, so am increasing the commission rate to 5% to hopefully reduce the number of times I need to have this argument.



The rate goes up after the commission run in 8 days' time.  So the "dodge" of divesting just before the increase to get charged at the old rate won't be necessary.

[Eric Muyser]

I keep hearing "I showed this site to my friend who knows about investments and he tells me it's a scam because the commission of 1% is too low".

I'm sick of defending myself, so am increasing the commission rate to 5% to hopefully reduce the number of times I need to have this argument.



The rate goes up after the commission run in 8 days' time.  So the "dodge" of divesting just before the increase to get charged at the old rate won't be necessary.

All good. Noobs pull out investment only makes it better and stronger for the ones that stay in.

[nimda]

I keep hearing "I showed this site to my friend who knows about investments and he tells me it's a scam because the commission of 1% is too low".

What kind of an argument is that?

[Diamondstarfall]

I keep hearing "I showed this site to my friend who knows about investments and he tells me it's a scam because the commission of 1% is too low".

What kind of an argument is that?

Who is complaining about the commission being too low...

[twentyseventy]

I keep hearing "I showed this site to my friend who knows about investments and he tells me it's a scam because the commission of 1% is too low".

What kind of an argument is that?

Who is complaining about the commission being too low...

Did you read the rest of the thread?

I'd also recommend increasing your cut - somewhere between 5% and 25% seems the right sort of area to me.  As someone likely to use it I WANT you to be making significant profit.  An operator/issuer making significant profit is one of the single biggest factors reducing likelihood of scamming - if you can clearly make decent profit running it then there's a lot less reason for you to even consider stealing the bank.  Personally I stay well away from anything where I can't see how the operator is making a good return.

+1

I'm down for at least 5-10%. I think very few wouldn't be OK with 5% and they're probably scrubs. I think 10% is a good spot, but up to 20% is fine for me personally.

[Lohoris]

I keep hearing "I showed this site to my friend who knows about investments and he tells me it's a scam because the commission of 1% is too low".

What kind of an argument is that?

Who is complaining about the commission being too low...

Plenty of people so far.
Concerned about if the owner doesn't gain enough money from it, he might run away with the money.
Not that I think he would, but still is a valid concern.

[herzmeister]

I keep hearing "I showed this site to my friend who knows about investments and he tells me it's a scam because the commission of 1% is too low".

What kind of an argument is that?

Bitcoin is a scam too because transaction fees are so low. 

[thy]

I keep hearing "I showed this site to my friend who knows about investments and he tells me it's a scam because the commission of 1% is too low".

I'm sick of defending myself, so am increasing the commission rate to 5% to hopefully reduce the number of times I need to have this argument.



The rate goes up after the commission run in 8 days' time.  So the "dodge" of divesting just before the increase to get charged at the old rate won't be necessary.

I doubt any serious person is complaining about the commision beeing to low, if that is the case then they can't count. If your friend who "knows about investments" tells you you run a scam, what kind of friend is he then....   If he "knows about investments" then it looks more like he wants you to take a bigger piece of the cake instead.

The site has had 28 500 BTC in bets in around 10 days sofar and the avg per day now is higher than the first days and one can expect it to go up in the future, but lets use those number anyway.

It's then 85 500 BTC wagered in a month, expected profit for investors 855 BTC(before comission) and around 8,55 BTC in commision to the owner, thats around 850 usd at 100 USD/BTC. One also has to expect that the site owner has invested some in the sites capital himself to.
Lets say you have 1% of the investments to, then thats another 8,55 BTC to you, so 17,1 BTC or 1710 USD per month in total at the moment for the owner of the site and probably way more in the future. Pretty sure the 1% commision is enouth to pay for servers and advertising costs and still give the owner a nice profit.
A commision of 5% instead would mean 42,75+8,55= 51,3 BTC or around 5 130 USD per month for the owner instead.

If the sites monthly wagered amount for example grows to 10 times bigger in the future then the site's owners would get 171 BTC/17 100 USD at 1% commision. At 5% commision that would be 513 BTC/51 300 USD.

Surely 1 700 USD at the moment and maby 17 000 USD in the future should be enouth to make the ones that doubt that the site is legit to change there minds.
So unless you, the owner has changed your mind and wants more of the profit for youself then 1% is surely enouth and there's no need for 5% commission, neither to pay for the sites cost or to convise people that it's not a scam.

[juhakall]

I'm fine with 5%, but the reasoning for this increase is interesting. Is just-dice now 'tainted' in the eyes of those who deemed it too shady because dooglus was willing to go with just 1% fee? If so, increasing to 5% shouldn't convince them now. Maybe it'll convince those who hear about just-dice later and don't know it started at 1% (which they would have deemed shady). Of course, someone could take it as their personal quest to make everyone aware that the fee was 1% in the beginning, and was only increased to make people less likely to think it's a scam.

[Bugpowder]

I'm fine with 5%, but the reasoning for this increase is interesting. Is just-dice now 'tainted' in the eyes of those who deemed it too shady because dooglus was willing to go with just 1% fee? If so, increasing to 5% shouldn't convince them now. Maybe it'll convince those who hear about just-dice later and don't know it started at 1% (which they would have deemed shady). Of course, someone could take it as their personal quest to make everyone aware that the fee was 1% in the beginning, and was only increased to make people less likely to think it's a scam.

I would be thrilled if people that think its too shady do not invest.