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

[IamNotSure]

If I was to invest I would want at least 15%/year to offset the risk

Then you shouldn't invest.

Average return over the last 6 month compared to the current invest amount is around 11 %

[boumalo]

If I was to invest I would want at least 15%/year to offset the risk

Then you shouldn't invest.

Average return over the last 6 month compared to the current invest amount is around 11 %

So more than 15%/year!?

Expected return on the last 6months is far greater than 7%

[blizeH]

I think those figures can be quite misleading though - the amount wagered is far lower now.

[IamNotSure]

If I was to invest I would want at least 15%/year to offset the risk

Then you shouldn't invest.

Average return over the last 6 month compared to the current invest amount is around 11 %

So more than 15%/year!?

Expected return on the last 6months is far greater than 7%

10,95% /year exactly, based on the last 6 month data & today's invested pool value.

I didn't compound the interest since I suppose everyone compounds it.

[Timetwister]

11% a year is a good return, but the risks involved in investing in a site like JD are absolutely huge.

Being realistic the stock market should return 7%, maybe more on average, and is an incredibly safe investment in comparison. Plus any companies you invest with would insure your money up to a certain amount. If there's a fire at doog's place, or something happens to doog, or doog decides he's had enough... then we're all screwed.

(like I said, personally I trust him, but after what has happened at other Dice sites people should be wary)

The risk is definitely there but the return is there too

I made a little calculation the other day : On the last 14 days 2190BTC were wagered everyday in average so an expected profit of 21.9BTC/day or 657BTC/month => 1.4%/month or 18%/year with the compounded interests

If I was to invest I would want at least 15%/year to offset the risk

21.9*0.9; don't forget fees.

[boumalo]

If I was to invest I would want at least 15%/year to offset the risk

Then you shouldn't invest.

Average return over the last 6 month compared to the current invest amount is around 11 %

So more than 15%/year!?

Expected return on the last 6months is far greater than 7%

10,95% /year exactly, based on the last 6 month data & today's invested pool value.

I didn't compound the interest since I suppose everyone compounds it.

The profit wasn't 5% of the money invested in the last 6months!

11% a year is a good return, but the risks involved in investing in a site like JD are absolutely huge.

Being realistic the stock market should return 7%, maybe more on average, and is an incredibly safe investment in comparison. Plus any companies you invest with would insure your money up to a certain amount. If there's a fire at doog's place, or something happens to doog, or doog decides he's had enough... then we're all screwed.

(like I said, personally I trust him, but after what has happened at other Dice sites people should be wary)

The risk is definitely there but the return is there too

I made a little calculation the other day : On the last 14 days 2190BTC were wagered everyday in average so an expected profit of 21.9BTC/day or 657BTC/month => 1.4%/month or 18%/year with the compounded interests

If I was to invest I would want at least 15%/year to offset the risk

21.9*0.9; don't forget fees.

Right

[VolanicEruptor]

profit in the last year is 42% apparently.  Even that seems too risky.. not because dooglus would run off, but I would be most worried about someone getting access to that cold wallet.  especially if they know who his wife is. some kind of extortion or ransom wouldn't be too far fetched.  gangs and criminal organizations have taken more extreme measures for a lot less

[dooglus]

Average return over the last 6 month compared to the current invest amount is around 11 %

6 months ago was Dec 11 2013.  At that point site profit was around 8500 BTC.  Now it's 18500 BTC.  So profit in the last 6 months is almost exactly 10000 BTC.

The current bankroll is 50000 BTC.  So the profit over the last 6 months is 20%.

How did you get 11%?

Edit: Oh I get it!  Yeah, yeah.  It's a terrible place to put your coins.  Don't even bother - the returns are tiny.  (Leave the profit for me )

[dooglus]

June 20th marks the 1st birthday for Just-Dice.

To celebrate we're having a 2 BTC poker freeroll at SealsWithClubs for Just-Dice regulars old and new.

Log in to your regular account, and type /poker in the chat box to see if you qualify for a free ticket.

There's also a 0.5 bounty on the head of both doog and Deb - knock either of them out to claim your 0.5 BTC prize.

6pm PST | 9pm EST | 2am GMT | 3am CET

For chat moderators of both DD and JD there's a 2nd freeroll an hour later, with another 2 BTC prize pool and two more 0.5 BTC bounties.

See you there! 

[ranlo]

June 20th marks the 1st birthday for Just-Dice.

To celebrate we're having a 2 BTC poker freeroll at SealsWithClubs for Just-Dice regulars old and new.

Log in to your regular account, and type /poker in the chat box to see if you qualify for a free ticket.

There's also a 0.5 bounty on the head of both doog and Deb - knock either of them out to claim your 0.5 BTC prize.

6pm PST | 9pm EST | 2am GMT | 3am CET

For chat moderators of both DD and JD there's a 2nd freeroll an hour later, with another 2 BTC prize pool and two more 0.5 BTC bounties.

See you there! 

Awesome deal. Thanks! And also thanks for letting us know beforehand. Tired of coming home to find out people are giving out notices of things like this just hours prior, :p. This gives more than enough time to plan for it.

[freedomno1]

June 20th marks the 1st birthday for Just-Dice.

To celebrate we're having a 2 BTC poker freeroll at SealsWithClubs for Just-Dice regulars old and new.

Log in to your regular account, and type /poker in the chat box to see if you qualify for a free ticket.

There's also a 0.5 bounty on the head of both doog and Deb - knock either of them out to claim your 0.5 BTC prize.

6pm PST | 9pm EST | 2am GMT | 3am CET

For chat moderators of both DD and JD there's a 2nd freeroll an hour later, with another 2 BTC prize pool and two more 0.5 BTC bounties.

See you there! 

Thanks this looks fun so I'm in

[dooglus]

Awesome deal. Thanks! And also thanks for letting us know beforehand. Tired of coming home to find out people are giving out notices of things like this just hours prior, :p. This gives more than enough time to plan for it.

I was hoping to give 2 weeks' notice, but it took me longer than expected to get the /poker command working how I wanted it.

We organised a freeroll for New Year's Eve, and it very quickly filled up with random non-JD folk.  So this time I wanted to have the JD site give out the codes itself, based on real activity on the site.

Note that it's using a snapshot of player stats from before I announced the game, so spamming bets or chat messages now won't change anything - although maybe it'll get you into the next one... 

[001sonkit]

3 poker entry codes for sale. quote a price if you want one
Not much of a poker player, I'll leave it to the masters

[NLNico]

I offer 0.005 for a normal code.

Some ppl cry it's not enough, but we can all assume there will be 300 players so I think it's fair. LMK

[001sonkit]

I offer 0.005 for a normal code.

Some ppl cry it's not enough, but we can all assume there will be 300 players so I think it's fair. LMK

Thanks 1 left @ 0.005
It's all gone, *poof*. Thanks

[blizeH]

(Leave the profit for me )

Hey, you already take loads from the commission anyway! Win/win for you either way

[Lohoris]

Why would you like to regulate the free market. Yes, although as a long term investor which never divest. I have vested interest on this rule. While one would leave the game when the profitability is too low and switch to other places (like dicenow.com for me, they even offer leverage option by up to 10x)
Also, if you have heard of BTC-DICE (a shameless ripoff of just-dice by another Chinese, stock listed on 796.com), they limited the max invest amount when they launch (they claim it is for the purpose of testing the system without over risking themselves). While the result is that everyone is always pinging the server to wait for any new people to divest.

tl;dr: Don't fuck with free market

+1

Designing a system that works is vital.

A system were you just artificially bar people from joining when they want to, doesn't work unless you handle very well the join queues (e.g. using auctions or fifos).

[boumalo]

I wonder if I qualify, I don't have access to my account atm

Any way to know without connecting to my account?

[dooglus]

we can all assume there will be 300 players so I think it's fair. LMK

It's by no means guaranteed to fill up.  Over 2000 accounts qualify for a ticket, but many will have been discarded.  I've no idea how players we'll get, but we have plenty already so I don't think I'll need to relax the qualifying criteria at all.

(Leave the profit for me )

Hey, you already take loads from the commission anyway! Win/win for you either way

Oh, I was speaking as the investor who was trying to make the site look less attractive for other investors, to prevent himself getting diluted.  Failed joke I guess.

I wonder if I qualify, I don't have access to my account atm

Any way to know without connecting to my account?

If you can tell me your account number or username I can tell you if you qualify.

Also, I made a post about how the site lost 100 BTC to a Martingale player last night over in the Martingale thread.

[GeoRW]

June 20th marks the 1st birthday for Just-Dice.

To celebrate we're having a 2 BTC poker freeroll at SealsWithClubs for Just-Dice regulars old and new.

Log in to your regular account, and type /poker in the chat box to see if you qualify for a free ticket.

There's also a 0.5 bounty on the head of both doog and Deb - knock either of them out to claim your 0.5 BTC prize.

6pm PST | 9pm EST | 2am GMT | 3am CET

For chat moderators of both DD and JD there's a 2nd freeroll an hour later, with another 2 BTC prize pool and two more 0.5 BTC bounties.

See you there! 

so, there'll be poker tourney at 3am CET? That's too early for me. So, if anyone wants my code for 0.005 pm me.