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Author Topic: bustabit – The original crash game  (Read 54193 times)
Timetwister
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August 03, 2020, 04:47:01 AM
Merited by DarkStar_ (5), suchmoon (4)
 #1341

Anyone have a small investment here? I know that big investors are already here and there is a huge bankroll to invest in but I wanted to know if there are anyone who have invested under 250 dollars that could help me out with numbers. I do not have too much money to invest but I so want to do it yet looking at the huge number invested I feel like even if I invest, my investment would be so small that I wouldn't make any return at all.

I feel like you need a lot of money to start investing and see actual returns. If anyone invested like 100 bucks let's say and have been invested for the past 6 months for example, could you tell me what the return was like? That way I could calculate my own, obviously past doesn't mean it will be like that in the future but could make me understand a bit better.

You get a proportional amount of the profits, it doesn't matter if you invest $1 or $1,000,000. Actually your returns are lower the more you invest (but you have to invest a lot for this to be relevant).
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August 03, 2020, 07:57:34 AM
Last edit: August 03, 2020, 08:27:12 AM by xxjumperxx
 #1342

You get a proportional amount of the profits, it doesn't matter if you invest $1 or $1,000,000. Actually your returns are lower the more you invest (but you have to invest a lot for this to be relevant).

How so?
I get a % share in the BR and based on this I receive my Interest..
How do I make less the more I invest?

The Dillution fee is the same (%wise) and my return is also...



Edit: wow look at this round.
The amount of people on 3x and the sums. Shocked

https://www.bustabit.com/game/3523990
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August 03, 2020, 05:15:41 PM
 #1343

Who so ever put all his money in gambling is responsible for his loss. People think that they could become millionaire in a day are totally wrong, if they go all in , 90% of the time they will lose. Its the greed which cause people to lose what they already have.  Sad
I think when gamblers lose more money than they can afford to lose, they become desperate, they try every single method they can to get some money out, they hope that places will give them hush money as well and they just spit bs like this all the time.

I have seen so many people who have tried to do the same. Hell I am not going to lie, I did something similar back in the day when it was satoshidice and way early days (there wasn't any off-chain dice to give you an idea) but it was due to misunderstanding, they explained to be what the problem was and we figured it out and they sent me my money back, no loss no profit just money back and we came to an agreement, but if I didn't, I would have probably lost all that money.

So, if you say there are drug deals and so forth and make stuff up, you will get nothing, but if you believe you are right, it doesn't hurt to get their attention somehow.

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August 04, 2020, 02:11:02 PM
 #1344

You get a proportional amount of the profits, it doesn't matter if you invest $1 or $1,000,000. Actually your returns are lower the more you invest (but you have to invest a lot for this to be relevant).
Yes, you get proportional but I just wanted to learn from small time investors that how much they have made and what they were thinking about it.

When you make 10% in few months that is 10 bucks if you invested 100 dollars, that is 10 million dollars if you invested 100m, obviously I doubt anyone would ever invest 100 million Cheesy that is too much, but I just wanted to show you the difference how much it could be when we are talking about same amount of % earned but from different amounts.

This is the reason why I am asking what the lower end investors are thinking, does it worth it because it makes a decent amount, or is it too little to care when you are investing such a small amount, because if it is just too little to care, I could risk it on something else that would be riskier but higher earning instead.
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August 04, 2020, 07:00:43 PM
 #1345

This is the reason why I am asking what the lower end investors are thinking, does it worth it because it makes a decent amount, or is it too little to care when you are investing such a small amount, because if it is just too little to care,

There is a saying " The house always win " so although there could be some variances, if you plan to put your money on this site for a long period of time then it might be worth it.

I could risk it on something else that would be riskier but higher earning instead.

Sure you could gamble it on this site and double it within few seconds of playing if you are lucky to hit x2 multiplier straight away. That being said, investing on a gambling site is nothing more like gambling in particular. The difference is that instead of playing against the house with house edge, you are getting advantage with those house edge

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August 04, 2020, 07:12:33 PM
 #1346

Does anybody have statistics showing the ratio of game players that are also bankroll investors?

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August 05, 2020, 04:05:33 AM
 #1347

Does anybody have statistics showing the ratio of game players that are also bankroll investors?

I don't remember this kind of information ever being publicly available, I think devans is the only person who could share such information.

I'd also be interested to know what % of bankroll investors are gamblers too. Especially if data took account of players who wagered at least a tenth of what they had invested.

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August 05, 2020, 05:22:02 AM
 #1348

Does anybody have statistics showing the ratio of game players that are also bankroll investors?

I agree with malevolent, I dont think that data was ever made available.
I think Devans wants to not make too much info available about investors...
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August 05, 2020, 06:28:17 AM
 #1349

Does anybody have statistics showing the ratio of game players that are also bankroll investors?

I don't remember this kind of information ever being publicly available, I think devans is the only person who could share such information.

I'd also be interested to know what % of bankroll investors are gamblers too. Especially if data took account of players who wagered at least a tenth of what they had invested.

And how could that even be tracked? Is an investor considered a gambler if they just tried the game once, or if they consistently play, or have wagered big amounts over time?
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August 05, 2020, 05:17:33 PM
Merited by suchmoon (7), DarkStar_ (5), dbshck (4), BayAreaCoins (1), xxjumperxx (1)
 #1350

How so?
I get a % share in the BR and based on this I receive my Interest..
How do I make less the more I invest?

Suppose that the bankroll before you invest is 5000 BTC, and that over the course of your investment players lose 50 BTC.

If you invest 0.01 BTC then you have 0.01 out of 5000.01 and earn 0.0001 BTC which is a 1% return.

If you invest 1 BTC then you have 1 out of 5001 and earn 0.009998 BTC which is a 0.9998% return.

If you invest 100 BTC then you have 100 out of 5100 and earn 0.98039216 BTC which is a 0.98039216% return.

If you invest 5000 BTC then you have 5000 out of 10000 and earn 25 BTC which is a 0.5% return.

The more you invest, the smaller your percentage return (assuming your investment doesn't entice new whales to play and lose).

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August 05, 2020, 05:52:38 PM
 #1351

Investors spending some or most of what they earn by participating in the bankroll by playing the game itself - is not a bad way to try to earn even more. No guarantees of-course they will ever win more but at least it softens the blow if they did since their original bankroll investment is still intact and can be withdrawn as and when needed.

@devans

Is it possible to share that information?


Does anybody have statistics showing the ratio of game players that are also bankroll investors?

I don't remember this kind of information ever being publicly available, I think devans is the only person who could share such information.

I'd also be interested to know what % of bankroll investors are gamblers too. Especially if data took account of players who wagered at least a tenth of what they had invested.

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August 06, 2020, 06:45:36 AM
 #1352

How so?
I get a % share in the BR and based on this I receive my Interest..
How do I make less the more I invest?

Suppose that the bankroll before you invest is 5000 BTC, and that over the course of your investment players lose 50 BTC.

If you invest 0.01 BTC then you have 0.01 out of 5000.01 and earn 0.0001 BTC which is a 1% return.

If you invest 1 BTC then you have 1 out of 5001 and earn 0.009998 BTC which is a 0.9998% return.

If you invest 100 BTC then you have 100 out of 5100 and earn 0.98039216 BTC which is a 0.98039216% return.

If you invest 5000 BTC then you have 5000 out of 10000 and earn 25 BTC which is a 0.5% return.

The more you invest, the smaller your percentage return (assuming your investment doesn't entice new whales to play and lose).

Wow, thanks alot for explaining it like that, even I understood!
Very much appreciated and makes sense!
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August 06, 2020, 09:53:22 AM
 #1353

How so?
I get a % share in the BR and based on this I receive my Interest..
How do I make less the more I invest?

Suppose that the bankroll before you invest is 5000 BTC, and that over the course of your investment players lose 50 BTC.

If you invest 0.01 BTC then you have 0.01 out of 5000.01 and earn 0.0001 BTC which is a 1% return.

If you invest 1 BTC then you have 1 out of 5001 and earn 0.009998 BTC which is a 0.9998% return.

If you invest 100 BTC then you have 100 out of 5100 and earn 0.98039216 BTC which is a 0.98039216% return.

If you invest 5000 BTC then you have 5000 out of 10000 and earn 25 BTC which is a 0.5% return.

The more you invest, the smaller your percentage return (assuming your investment doesn't entice new whales to play and lose).

I feel dumb that I never realized it worked like this.
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August 06, 2020, 12:43:20 PM
 #1354

I am still trying to get an understanding of how the bankroll actually works in full. It is very well articulated by dooglus but  needs time to understand...I think


How so?
I get a % share in the BR and based on this I receive my Interest..
How do I make less the more I invest?

Suppose that the bankroll before you invest is 5000 BTC, and that over the course of your investment players lose 50 BTC.

If you invest 0.01 BTC then you have 0.01 out of 5000.01 and earn 0.0001 BTC which is a 1% return.

If you invest 1 BTC then you have 1 out of 5001 and earn 0.009998 BTC which is a 0.9998% return.

If you invest 100 BTC then you have 100 out of 5100 and earn 0.98039216 BTC which is a 0.98039216% return.

If you invest 5000 BTC then you have 5000 out of 10000 and earn 25 BTC which is a 0.5% return.

The more you invest, the smaller your percentage return (assuming your investment doesn't entice new whales to play and lose).

I feel dumb that I never realized it worked like this.

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jpcfan
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August 06, 2020, 01:27:15 PM
 #1355

How so?
I get a % share in the BR and based on this I receive my Interest..
How do I make less the more I invest?

Suppose that the bankroll before you invest is 5000 BTC, and that over the course of your investment players lose 50 BTC.

If you invest 0.01 BTC then you have 0.01 out of 5000.01 and earn 0.0001 BTC which is a 1% return.

If you invest 1 BTC then you have 1 out of 5001 and earn 0.009998 BTC which is a 0.9998% return.

If you invest 100 BTC then you have 100 out of 5100 and earn 0.98039216 BTC which is a 0.98039216% return.

If you invest 5000 BTC then you have 5000 out of 10000 and earn 25 BTC which is a 0.5% return.

The more you invest, the smaller your percentage return (assuming your investment doesn't entice new whales to play and lose).

great to see you. I liked bustabet when it was owned by RH

damn thats like 5 years ago or so


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lixer
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August 06, 2020, 06:14:54 PM
 #1356

^^ Are we sure about the calculation? I mean it does look correct but I felt like it would go up instead of going down, like for example if you invest 5000 btc, and there is 10000 btc total, you should be getting half of everything earned, not 0.5 earned, that does sound like more realistic right? Don't get me wrong I am not a math whizz or anything and I could be wrong and my math could be waaaay off, but that does sound like there is something wrong if you ask me with that calculation, maybe someone from the team (devans but could be rhavar) could clear this up and tell us which one is more correct than the other.

In any case investing a lot means you will get more money even if not as much % as the other ones, possibly even more considering if mine is correct or not.

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August 06, 2020, 07:39:27 PM
Merited by DarkStar_ (5)
 #1357

^^ Are we sure about the calculation? I mean it does look correct but I felt like it would go up instead of going down,

Dooglus' calculation is correct. The "trick" behind it, is when someone invests they make the entire bankroll bigger, thus each % of stake will make less returns (for a given amount of revenue). If the investment is large, the effect will be large.

But still the fundamental: "If you own X% of the bankroll, and the bankroll makes Y ... you will make X% of Y" applies

Check out gamblingsitefinder.com for a decent list/rankings of crypto casinos. Note: I have no affiliation or interest in it, and don't even agree with all the rankings ... but it's the only uncorrupted review site I'm aware of.
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August 06, 2020, 09:47:18 PM
 #1358

for example if you invest 5000 btc, and there is 10000 btc total, you should be getting half of everything earned, not 0.5 earned

In that example you are getting 50% of everything the site earns. The site earns 50 BTC and you get 25 of it.

But you were risking 5000 and only earned 25. That's 0.5%.

Your return on investment is 0.5%. Whereas if you invested much less your return on investment would be a smaller amount, but a higher percentage.

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August 06, 2020, 09:48:59 PM
 #1359

I feel dumb that I never realized it worked like this.

I simplified it a bunch. The site takes a commission, and there's also the "dilution fee" to consider. But what I wrote does explain why your ROI percentage decreases as your investment increases.

When your investment is tiny relative to the size of the bankroll, doubling your investment will roughly double your returns.

When your investment is very large relative to the size of the bankroll you are already taking the majority of the site profits. Doubling your investment will have little effect - there's nothing more to earn.

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August 08, 2020, 05:11:28 PM
 #1360

^^ Are we sure about the calculation? I mean it does look correct but I felt like it would go up instead of going down,

Dooglus' calculation is correct. The "trick" behind it, is when someone invests they make the entire bankroll bigger, thus each % of stake will make less returns (for a given amount of revenue). If the investment is large, the effect will be large.

But still the fundamental: "If you own X% of the bankroll, and the bankroll makes Y ... you will make X% of Y" applies


When did you buy bustabit back?



congrats Wink





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