[dicenow.com] btc/ltc casino - 10,000 rolls per click - play/invest - multi edge

[superresistant]

Good update with the simple(simplified)/normal interface button.

[8fold]

Ok, nice work so far, I've deposited some for fun.

I think there may be a bug in the way site commision from investments is calculated.

Made the first 2 investments, and after a little loss on both, I divested at a loss. Of course, no commission taken. So far so good.
Immediately after, I made another 2 investments, but this time, I divested at a profit. The site took it's commision, but it was 11.11%. instead of being less than 10% (because of previous investments that had a loss).

In other words, the site needs to take the commision from the final total profit. Taking full commision (and extra) from winning investments, and forgeting the losing investments, is not ok.

Here's the screenshot of the only investments:

[dicenow]

Ok, nice work so far, I've deposited some for fun.

I think there may be a bug in the way site commision from investments is calculated.

Made the first 2 investments, and after a little loss on both, I divested at a loss. Of course, no commission taken. So far so good.
Immediately after, I made another 2 investments, but this time, I divested at a profit. The site took it's commision, but it was 11.11%. instead of being less than 10% (because of previous investments that had a loss).

In other words, the site needs to take the commision from the final total profit. Taking full commision (and extra) from winning investments, and forgeting the losing investments, is not ok.

Here's the screenshot of the only investments:

This is working as intended. If you divest at a loss, you lose the chance to gain back your loss at a commission free rate. This is intended to discourage 'daytrading' the bankroll, which is taxing on server resources and adds volatility for passive investors. If i get too many complaints then I made change the system, but that is how it works right now.

[8fold]

This is working as intended. If you divest at a loss, you lose the chance to gain back your loss at a commission free rate. This is intended to discourage 'daytrading' the bankroll, which is taxing on server resources and adds volatility for passive investors. If i get too many complaints then I made change the system, but that is how it works right now.

I understand about the per investment commision calculation. I haven't read the terms. I understand the reason behind it and I actually agree with you.

About the 11.11%, I was under the impression that the figure there was the GROSS profit (the amount before commission is taken). Instead you are showing the NET profit (after taxation/commission). It is ok again, it's just that it could say 'net profit' in the table header for clarity.


Everything clear now. Thank you.

[nrd525]

You need a way to close the chat window.  Apparently exit, bye, quit and help do nothing.  There is a icon to do this, but it only appears sporadically (maybe I had to mouse-over something to get it?).  A permanent "X" or "close" link would be great.

[nrd525]

Capitalizing the first letter of a word is good for usability.
I love colors, but you've got overkill.  A good design is less noisy.

[superresistant]

Offline ?

[8fold]

For more than 12h now. Not a good start. 
Let's hope it will be back soon enough.

[rdponticelli]

It has been working for me the whole time.

[8fold]

Running now.
EDIT: Still having problems. Frontend loaded, but it couldn't connect to the server data.

[dicenow]

Offline ?

Running now.
EDIT: Still having problems. Frontend loaded, but it couldn't connect to the server data.

Someone has been continuously botting for the past 5 hours, and my client has stayed connected watching them.

Can you give me any error messages you received?

There was an attempt at ddos yesterday, so I took some mitigating measures.

[8fold]

It just doesn't load "website". On two different computers, different browsers (firefox and chrome), different OS, different internet providers.

[superresistant]

It is working well now.

The website need a ddos protection.

[Bitsandbits]

I love the win8 look, sets it apart from the comp

[001sonkit]

Got a bit of relatively big player today, won some with my highly leveraged investments

[nrd525]

So if there were very big bets, say by a "whale", ultimately you approach two scenarios if you allow the user to win 100% of the pool
1) the whale loses the bet, you as the investor make 190% return  (50.5% probability with a 1% edge)
2) the whale wins the bet - you make a 0% return.  (49.5% probability with a 1% edge)
Then the expected return - is roughly 95.95% of your money. 

Obviously an extreme case, but what would the math look like for a 1% or 0.5% max bet?

I'm pointing out the disadvantages to investors of having the commission taken away from them BEFORE they cash in their winnings. You could easily, especially in the early stages of a site when it has little bankroll, have your profit go up 100%, pay a 10% commission, and then have your investment go back below what you put in - in which case you are facing a 10% loss (commission) plus the additional loss from betting.

This is compounded if you do it daily.

The problem is lessened if you assume the website will operate for a longtime and will be profitable in the longterm (though this is something that just-dice hasn't always been).

I'm not sure what is fair, because the website operator needs a more standard flow of income than the investors do.

[jonsi]

Why does it have to be "return to base after win or after loss"? I don't want to return to base.
Is it possible to do different things (ex: change payout) after win and loss?

[Skinnkavaj]

I have been invested now since start of the site.
Is it better for me to divest sometimes or should I keep being invested all the time to maximize profit?

[dicenow]

I have been invested now since start of the site.
Is it better for me to divest sometimes or should I keep being invested all the time to maximize profit?

nobody knows because the evaluation of a 'better investment' comes from if there is profit or not, and that depends on the luck of players.

the math for +EV only works in the long term, with enough players and wagered.

investing and divesting often is similar to gambling however, so if you play that game you might as well just gamble and be able to control the bets.

[001sonkit]

I have been invested now since start of the site.
Is it better for me to divest sometimes or should I keep being invested all the time to maximize profit?

The expected profit grows along for longer you stay. But really, no one really knows the outcome and you shall not expect your profit to be linear and growth steadily.
Investing comes with risk, and often time the risk is more or less in proportion to the return. Good Luck

A friend who leveraged his investment 10x


Me


PS: whales are flippin, dont invest what you can't afford to lose.