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Author Topic: Wheel of Fortune (casino game) - Investment opportunity  (Read 1156 times)
johny1976
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November 06, 2013, 06:40:47 PM
Last edit: November 06, 2013, 06:54:56 PM by johny1976
 #1

We’d like to offer you an investment opportunity. We’ve developed an bitcoin casino game - BTCIRCLE.com but we need some bitcoin in wallet to launch it so here are some informations about it.

http://www.btcircle.com/

It’s time limited offer with fixed payout time. We offer our investors 50% of profit which will be divided between all participans accordingly to their invested btc. All of this is for one month. We’ll be paying profit each week at given time Saturday 00:00 (CET) and after 4 weeks we’ll pay all your investments back. So basically it’s lending with unknown profit for 4 weeks. If some investor offers us something valuable, we could discuss longer cooperations.

House edge on our site is 1.5625% so your profit will be around
((wagered amount of BTC)*0.015625)*0.5/((your invested amount)/(amount invested by all investors))

Wagered amount is unknown. We’ll be propagating site but can’t promise exact number. Anyway you could make a picture about it from other gambling sites, especially satoshicircle – our (as far as I know) only rival.

More btc we earn more max wager will be. We want to have in bank 25x wagered amount. So to enable 1 btc bet we would have to have 25 btc in our wallet.

2.5 BTC – 0.1 btc max wager – launching project
10BTC – 0.4 btc max wager
25 BTC – 1 btc max wager
...

You could become our investor for multiples of 0.5 BTC (we will be doing payouts manually).
There is of course chance someone will have great day and win a lot – ruin all investments. We believe 25x more than max bet is fine risk. For example:

For 27x multiplier (3,3,3) is  0.024% chance
For 18x multiplier (3,3,2) is 0.07% chance
For 12x multiplier (3,2,2) is 0.22% chance

Also people could bet max amount and withdraw immedeately so we set 25x more money in wallet than is max bet to minimalise risk.

I understand trust is what everyting is about. For somebody it could look like ponzi scheme or other scams. We don’t want to convince you how trustworthy we are. Only time will show. You could give us chance or walk away.  

Investor section is available here http://www.btcircle.com/investor/ and it will be updated once the round is active.


If you don’t want to be investor and still own casino, you can purchase our casino script (CoinWheel) for 4 BTC here:

http://www.cointoli.com/product/detail/30

Of course if we sell some of our licences for this game, we'll participate into investment.

PM me if you're interested.

Thanks to everyone who will give us chance!
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knowitnothing
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November 07, 2013, 12:26:24 AM
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We believe 25x more than max bet is fine risk.

Can you clarify who is "we" ?

25x more than max bet is not "fine risk", unless your edge is at least 4% (it is not) you have real risks of losing close to all the (inexistent) investments. Instead of believing in it, you should explain from where you took the idea that supporting 1 BTC bets with 25 BTC invested at 1.5625% edge was a good thing.
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November 07, 2013, 12:35:55 AM
Last edit: November 07, 2013, 12:51:20 AM by imrer
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We believe 25x more than max bet is fine risk.

Can you clarify who is "we" ?

25x more than max bet is not "fine risk", unless your edge is at least 4% (it is not) you have real risks of losing close to all the (inexistent) investments. Instead of believing in it, you should explain from where you took the idea that supporting 1 BTC bets with 25 BTC invested at 1.5625% edge was a good thing.

I'm the second guy who is involved in this project so me and Johny1976 are "we".

Every time you click on spin, function check if in wallet is 25x more fund than you want to bet. Since chance to multiply your bet by 3 is 1/16 and by 2 is 3/16 you can make your calculation. Even if you multiply your bet by 3 several time it won't allow you to bet if wallet hasn't 25x more than you want to bet. We assume more players will be playing at the same time so we decided to fix it to 25x.

If we're missing something, please describe your calculation.

Start your own casino site: » CoinDice | CoinWheel «
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