darewaller
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August 04, 2020, 02:11:02 PM |
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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 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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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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arallmuus
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August 04, 2020, 07:00:43 PM |
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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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JollyGood
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Top Crypto Casino
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August 04, 2020, 07:12:33 PM |
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Does anybody have statistics showing the ratio of game players that are also bankroll investors?
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malevolent
can into space
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August 05, 2020, 04:05:33 AM |
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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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Signature space available for rent.
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xxjumperxx
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Buy Bitcoin!
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August 05, 2020, 05:22:02 AM |
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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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Timetwister
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August 05, 2020, 06:28:17 AM |
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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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dooglus
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August 05, 2020, 05:17:33 PM |
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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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JollyGood
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August 05, 2020, 05:52:38 PM |
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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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xxjumperxx
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August 06, 2020, 06:45:36 AM |
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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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chazley
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August 06, 2020, 09:53:22 AM |
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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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JollyGood
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August 06, 2020, 12:43:20 PM |
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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 |
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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 |
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^^ 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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RHavar
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August 06, 2020, 07:39:27 PM |
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^^ 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
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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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dooglus
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August 06, 2020, 09:47:18 PM |
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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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Just-Dice | ██ ██████████ ██████████████████ ██████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████ ██████████████ ██████ | Play or Invest | ██ ██████████ ██████████████████ ██████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████ ██████████████ ██████ | 1% House Edge |
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dooglus
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August 06, 2020, 09:48:59 PM |
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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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Just-Dice | ██ ██████████ ██████████████████ ██████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████ ██████████████ ██████ | Play or Invest | ██ ██████████ ██████████████████ ██████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████ ██████████████ ██████ | 1% House Edge |
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jpcfan
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August 08, 2020, 05:11:28 PM |
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^^ 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
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120% | | 〈 | 50% | | ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ | DUCK | | DICE | ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ | | 〉 | | 〉 | |
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xxjumperxx
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August 09, 2020, 05:45:23 AM |
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He didnt buy Bustabit back...
He just answers questions and is invested in Bankroll himself...
He has been answering questions we have been having well because he knows all about Bustabit
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xxjumperxx
Sr. Member
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August 09, 2020, 02:12:09 PM |
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To get risk free earning it is a better choice than just going into gambling.
Investment in the Bankroll is def. not risk free. Of course there are risks as a bigger whale can come play and make out with some huge wins. It has happened before and def. will happen again!
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