But since Aug 7th the current USD averaged per the site has dropped to about $700k USD per day, from the celeste, bug and others hay days. Also per Chart #1 shows that the red trendline shows per day totaled wagered in USD is slightly decreasing. This is possible due to many things, additional competition, lack of players due to lack of bitcoin growth, and imo mainly increase in the price of BTC in USD as seen in USD.
The average price per BTC wagered is $95.10 using CoinDesks BPI index with total current USD wagered now over $100.1 USD. As you can see price dropped dramatically after startup, had a lot of play in celeste days with prices under $100 per coin, and now has risen back over $120 per coin.
But for instance in the last 2 weeks the site has averaged 21.27 BTC per day. Thus meaning for 14 days of work, (Doog and Deb both appear to be averaging about 40-50 hours per week), site running costs, and ultimately any major marketing or possible payment for site development comes from that 10% commision, which in last 2 weeks was ~30 Bitcoins ($3,750).
Big gamblers will come and go over time so it's not strange that the avg bet per day is lower sometimes and higher other times, the site has also had some ddos problems lately so the numbers don't speak the whole truth, A better indicator to look at would be the number of players that that bet at just-dice each day and trends on that and not the amount they bet. Over time im sure just-dice will take over more and more gamblers from SD as JD is the number 1 competitor to SD and also has lower houseedge than SD.
Why you ask let me run some numbers to show what Doog is missing out on while letting us reap the rewards without the risk of a stock market share crash. Unlike companies with stocks when sold and someone is holding the bag because they could not sell, like SD.
Since inception the site is up 6144 BTC, for an average of 68.27 BTC per day.
Some notes to remember as again I suggest to Doog if he is going to keep site running in this manner which is absolutely amazing considering the liquidity of it, he should raise commission to 15-20%.
Site was up 5378btc last time i looked, 0,4964% on avg after another visit of "nakowa (2548)". Just-Dice has sofar underperformed 0,5036% on avg and thats over 1 083 000 btc wagered, so basically the site has underperformed by 5452 btc in profit sofar that's missing from what is expected.
It's hardly the correct time to talk about raising the commission, come with that argument when the site is within 90-110% of expected profit overall, when the hisorical avg profit is back in the region of 0,90%-1,10% then it might be a good time to take such thing up to discussion if a commission of 10% would mean to small amounts in profit for dooglus.
As long as the site is making profit and dooglus also is invested in the site(witch he of course should be) he also makes profit on his 3000+ btc's.
So to simplify things, sofar if the site had been at around 50 000 invested all the time and had made the expected profit he should have made 1083 btc in commission and 584 btc on investing in the bankroll.
Now the site has underperformed and invested amount haven't been the same all the time and commission was lower than 10% in the beginning, but in the future, oner the next 1 000 000 BTC wagered that is the numbers he expects to profit on running Just-Dice....
I think dooglus is a nice guy and he's doing a great job but as long as the avg profit is down in the 0,4x-0,65% range that's really no good proof of that the site is fair to the investors.
The only proof on that department will be when the site avg out over time where it's supposed to be at close to 1,00% profit.
As far as i know there is still no zipfiles beeing made avaliable off all bets that's posted at some file-hosts at regular intervals so people can download it and have a look at it. There is also no possibility on the site to easily get all bets on a single player so investors have little to no chance at checking if there is any accounts that is likely to be run by the operator draining profit from the investors.
