🔶 YOLOdice's 1 Billionth Bet Celebration - LTC Competition! 🔶

[Hatcher]

Exciting last minutes!

For those interested, here was the prize pool:

Rank    Prize    EV Point
1   0.4   81.52   8152
2   0.2   40.76   4076
3   0.1   20.38   2038
4   0.05   10.19   1019
5   0.05   10.19   1019
6   0.02   4.076   407.6
7   0.02   4.076   407.6
8   0.02   4.076   407.6
9   0.02   4.076   407.6
10   0.02   4.076   407.6
11   0.01   2.038   203.8
12   0.01   2.038   203.8
13   0.01   2.038   203.8
14   0.01   2.038   203.8
15   0.01   2.038   203.8
16   0.01   2.038   203.8
17   0.01   2.038   203.8
18   0.01   2.038   203.8
19   0.01   2.038   203.8
20   0.01   2.038   203.8

Yep, only first place and the bottom 3 managed to (barely) beat expected value! I didn't expect the last minute betting to be this crazy and I should be glad I slept through it!

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[ethan_nx]

The competition was really awesome, I am glad so many people joined us and had fun. Stay tuned, we'll try to bring more competitions soon.

The total prize pool we ended with was almost 204 LTC. Definitely our biggest competition so far!

Congratulations to the winners, kudos to all participants!

Cheers,
Ethan

[dooglus]

Exciting last minutes!

For those interested, here was the prize pool:

Rank    Prize    EV Point
1   0.4   81.52   8152
2   0.2   40.76   4076
3   0.1   20.38   2038

I'm not sure it makes sense to calculate "EV Point" like that. Every coin that was lost during the contest went into the prize pool and back to the winners. In that sense the whole contest was +EV for the top 20 finishers - they get the losses of the people who don't finish in the top 20, as well as earning rakeback on their volume. The only reason that so many players bet more than their "EV Point" is because on average players did better than expected while playing.

Summing the wagered amounts of the top 20 we see that 42.8k was wagered, so 428 LTC should have been lost, but only ~200 was actually lost:

>>> 7909+7892+7636+4821+4821+2659+1641+945+920+876+476+318+317+265+259+242+242+202+190+188
42819

Players on average did more than twice as well as expected, so didn't need to win as much from the prize pool to be in profit. Of course there are bound to be some net winners and some net losers, but this was +EV for all the top 20 after counting rakeback.

[Dogedigital]

Exciting last minutes!

For those interested, here was the prize pool:

Rank    Prize    EV Point
1   0.4   81.52   8152
2   0.2   40.76   4076
3   0.1   20.38   2038

I'm not sure it makes sense to calculate "EV Point" like that. Every coin that was lost during the contest went into the prize pool and back to the winners. In that sense the whole contest was +EV for the top 20 finishers - they get the losses of the people who don't finish in the top 20, as well as earning rakeback on their volume. The only reason that so many players bet more than their "EV Point" is because on average players did better than expected while playing.

Summing the wagered amounts of the top 20 we see that 42.8k was wagered, so 428 LTC should have been lost, but only ~200 was actually lost:

>>> 7909+7892+7636+4821+4821+2659+1641+945+920+876+476+318+317+265+259+242+242+202+190+188
42819

Players on average did more than twice as well as expected, so didn't need to win as much from the prize pool to be in profit. Of course there are bound to be some net winners and some net losers, but this was +EV for all the top 20 after counting rakeback.

Simply posting results on what happened based on the actual prize pool.  The EV point was actually more for me in case it provided a good opportunity to jump in at.  If players lost what they were supposed to, I probably would have tried to formulate a plan