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Author Topic: PRCDice.eu - Largest Dice invest site - Open since 2013! Chat, Play, Invest!  (Read 89082 times)
dooglus
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September 28, 2014, 07:54:59 AM
 #821

Sorry, I didn't make my point clear. What I want to say is that the sites should provide not only the current stats and also a list of historical stats (just like what you shown).
For example, I can see PRC's site profit is 174.21708441 ฿ at this second, but I can't find its site profit 1 day ago or 1 month ago.

Oh, I see.

Some sites show historical data, but most don't.

Here's what I have for PRC:

Fri Aug  8 20:59:55 PDT 2014    Total Bets: 4,975,358   Total Wagered:13,869.36162052        Total Profit: 18.91066619        Total Invested:  634.39063222
Sat Aug  9 09:15:58 PDT 2014    Total Bets: 4,991,058   Total Wagered:13,876.12449765        Total Profit: 18.16995706        Total Invested:  633.65045637
Sat Aug  9 16:26:16 PDT 2014    Total Bets: 5,004,336   Total Wagered:13,877.39506575        Total Profit: 18.42934239        Total Invested:  618.02609872
Sat Aug  9 21:51:21 PDT 2014    Total Bets: 5,012,721   Total Wagered:13,880.65495670        Total Profit: 18.33713551        Total Invested:  619.44774215
Sun Aug 10 00:07:15 PDT 2014    Total Bets: 5,017,235   Total Wagered:13,881.08672988        Total Profit: 18.36621773        Total Invested:  619.47700412
Sun Aug 10 09:14:35 PDT 2014    Total Bets: 5,024,444   Total Wagered:13,884.30235465        Total Profit: 18.35555291        Total Invested:  599.19782744
Sun Aug 10 16:38:37 PDT 2014    Total Bets: 5,037,229   Total Wagered:13,919.38506957        Total Profit: 16.20252699        Total Invested:  595.46173124
Sun Aug 10 20:47:17 PDT 2014    Total Bets: 5,049,530   Total Wagered:13,938.73124219        Total Profit: 13.02589143        Total Invested:  592.44268270
Sun Aug 10 23:13:06 PDT 2014    Total Bets: 5,058,770   Total Wagered:13,939.09795235        Total Profit: 12.99729513        Total Invested:  592.41428116
Mon Aug 11 07:27:06 PDT 2014    Total Bets: 5,089,335   Total Wagered:13,945.86099052        Total Profit: 12.62184145        Total Invested:  587.23696380
Mon Aug 11 10:11:32 PDT 2014    Total Bets: 5,090,728   Total Wagered:13,945.94333678        Total Profit: 12.61953651        Total Invested:  587.23535662
Mon Aug 11 11:10:27 PDT 2014    Total Bets: 5,092,242   Total Wagered:13,946.39933486        Total Profit: 12.60462434        Total Invested:  587.21644387
Mon Aug 11 12:11:15 PDT 2014    Total Bets: 5,094,496   Total Wagered:13,951.22156154        Total Profit: 13.89999973        Total Invested:  588.52347223
Mon Aug 11 13:52:10 PDT 2014    Total Bets: 5,099,004   Total Wagered:13,951.23978786        Total Profit: 13.89963657        Total Invested:  588.52328683
Mon Aug 11 16:50:29 PDT 2014    Total Bets: 5,105,326   Total Wagered:13,951.30395258        Total Profit: 13.86971417        Total Invested:  588.50919404
Mon Aug 11 17:29:58 PDT 2014    Total Bets: 5,108,403   Total Wagered:13,951.32451074        Total Profit: 13.86681325        Total Invested:  588.50629312
Mon Aug 11 18:49:45 PDT 2014    Total Bets: 5,112,315   Total Wagered:13,951.34606349        Total Profit: 13.86180772        Total Invested:  588.50497864
Mon Aug 11 20:50:51 PDT 2014    Total Bets: 5,115,616   Total Wagered:13,951.74769349        Total Profit: 13.81335855        Total Invested:  598.45652946
Mon Aug 11 22:10:25 PDT 2014    Total Bets: 5,116,880   Total Wagered:13,953.17896739        Total Profit: 13.72929235        Total Invested:  599.11184877
Tue Aug 12 10:45:59 PDT 2014    Total Bets: 5,146,772   Total Wagered:13,956.64792293        Total Profit: 13.42851745        Total Invested:  596.86757754
Tue Aug 12 11:18:45 PDT 2014    Total Bets: 5,148,656   Total Wagered:13,957.10749417        Total Profit: 13.21112296        Total Invested:  598.15018306
Tue Aug 12 11:51:07 PDT 2014    Total Bets: 5,150,344   Total Wagered:13,957.19427226        Total Profit: 13.20318629        Total Invested:  598.14659396
Tue Aug 12 12:54:29 PDT 2014    Total Bets: 5,156,083   Total Wagered:13,957.71508596        Total Profit: 13.20069598        Total Invested:  598.14702136
Tue Aug 12 15:40:02 PDT 2014    Total Bets: 5,170,296   Total Wagered:13,959.32983139        Total Profit: 13.25237135        Total Invested:  597.23869673
Tue Aug 12 22:35:41 PDT 2014    Total Bets: 5,197,263   Total Wagered:13,964.67542004        Total Profit: 13.12772162        Total Invested:  577.17902080
Wed Aug 13 20:34:55 PDT 2014    Total Bets: 5,226,550   Total Wagered:13,976.65467085        Total Profit: 13.27892875        Total Invested:  566.23114850
Thu Aug 14 09:51:47 PDT 2014    Total Bets: 5,245,964   Total Wagered:13,980.36627376        Total Profit: 13.21066808        Total Invested:  507.58613016
Fri Aug 15 00:23:01 PDT 2014    Total Bets: 5,260,217   Total Wagered:14,020.86501350        Total Profit: 17.42966853        Total Invested:  510.43203582
Fri Aug 15 08:54:44 PDT 2014    Total Bets: 5,269,466   Total Wagered:14,028.97910510        Total Profit: 17.15060679        Total Invested:  510.32886461
Fri Aug 15 18:05:08 PDT 2014    Total Bets: 5,279,866   Total Wagered:14,031.50077089        Total Profit: 16.93302095        Total Invested:  510.14541130
Sat Aug 16 10:34:07 PDT 2014    Total Bets: 5,347,212   Total Wagered:14,048.95886528        Total Profit: 19.50545189        Total Invested:  512.49984418
Sun Aug 17 09:14:54 PDT 2014    Total Bets: 5,416,633   Total Wagered:14,059.32795257        Total Profit: 18.31894234        Total Invested:  510.98702115
Sun Aug 17 23:22:49 PDT 2014    Total Bets: 5,490,566   Total Wagered:14,067.05234063        Total Profit: 17.74583754        Total Invested:  528.66547334
Mon Aug 18 10:19:54 PDT 2014    Total Bets: 5,587,082   Total Wagered:14,072.09127878        Total Profit: 17.50756568        Total Invested:  528.32709028
Mon Aug 18 18:02:34 PDT 2014    Total Bets: 5,621,798   Total Wagered:14,081.32573831        Total Profit: 19.02628253        Total Invested:  530.35414566
Tue Aug 19 10:14:13 PDT 2014    Total Bets: 5,710,121   Total Wagered:14,095.97071953        Total Profit: 19.86155557        Total Invested:  529.38821024
Tue Aug 19 15:48:15 PDT 2014    Total Bets: 5,729,271   Total Wagered:14,104.51611440        Total Profit: 19.22882969        Total Invested:  528.52438958
Wed Aug 20 10:09:16 PDT 2014    Total Bets: 5,850,613   Total Wagered:14,142.41641283        Total Profit: 15.32746707        Total Invested:  545.81038795
Thu Aug 21 10:36:04 PDT 2014    Total Bets: 5,994,724   Total Wagered:14,213.47170324        Total Profit: 18.03157016        Total Invested:  551.22533588
Fri Aug 22 09:33:54 PDT 2014    Total Bets: 6,115,537   Total Wagered:14,219.73332018        Total Profit: 18.07604209        Total Invested:  550.84950216
Fri Aug 22 12:11:15 PDT 2014    Total Bets: 6,118,346   Total Wagered:14,219.75747744        Total Profit: 18.07358770        Total Invested:  533.84923126
Fri Aug 22 21:49:34 PDT 2014    Total Bets: 6,128,060   Total Wagered:14,242.85246507        Total Profit: 16.88684930        Total Invested:  533.09903355
Sat Aug 23 08:24:06 PDT 2014    Total Bets: 6,161,231   Total Wagered:14,244.23665618        Total Profit: 16.89714686        Total Invested:  513.86494084
Sun Aug 24 10:21:02 PDT 2014    Total Bets: 6,272,888   Total Wagered:14,265.39098906        Total Profit: 18.29688206        Total Invested:  513.90589825
Mon Aug 25 10:07:54 PDT 2014    Total Bets: 6,389,034   Total Wagered:14,303.82888644        Total Profit: 20.33015722        Total Invested:  514.56146640
Tue Aug 26 09:43:51 PDT 2014    Total Bets: 6,457,044   Total Wagered:14,336.09792562        Total Profit: 19.32984374        Total Invested:  514.20108504
Wed Aug 27 11:12:09 PDT 2014    Total Bets: 6,582,451   Total Wagered:14,464.29853537        Total Profit: 14.41301855        Total Invested:  539.62757887
Thu Aug 28 14:40:41 PDT 2014    Total Bets: 6,673,330   Total Wagered:14,784.81521189        Total Profit:  3.62953703        Total Invested:  544.93896422
Fri Aug 29 10:35:12 PDT 2014    Total Bets: 6,706,401   Total Wagered:15,065.50193513        Total Profit:  9.20676521        Total Invested:  547.33256211
Sat Aug 30 08:41:15 PDT 2014    Total Bets: 6,757,648   Total Wagered:15,377.08594589        Total Profit: -1.28370905        Total Invested:  564.89313535
Sun Aug 31 07:38:17 PDT 2014    Total Bets: 6,849,623   Total Wagered:15,764.01738263        Total Profit: 27.36603186        Total Invested:  561.19497625
Mon Sep  1 07:39:07 PDT 2014    Total Bets: 6,989,745   Total Wagered:15,809.66725333        Total Profit: 22.72493552        Total Invested:  558.80654304
Tue Sep  2 09:01:39 PDT 2014    Total Bets: 7,180,276   Total Wagered:15,933.92018750        Total Profit: 19.33390826        Total Invested:  553.57216657
Wed Sep  3 07:11:10 PDT 2014    Total Bets: 7,356,004   Total Wagered:16,000.02176932        Total Profit: 19.98136046        Total Invested:  553.10071413
Thu Sep  4 08:10:06 PDT 2014    Total Bets: 7,534,706   Total Wagered:16,141.76373286        Total Profit: 21.52961664        Total Invested:  556.75390123
Fri Sep  5 08:50:38 PDT 2014    Total Bets: 7,711,483   Total Wagered:16,238.66181253        Total Profit: 40.13933671        Total Invested:  480.90130442
Sat Sep  6 10:12:07 PDT 2014    Total Bets: 7,863,792   Total Wagered:16,321.80334267        Total Profit: 40.31235415        Total Invested:  481.67312154
Sun Sep  7 07:40:59 PDT 2014    Total Bets: 7,946,113   Total Wagered:16,358.81369770        Total Profit: 39.63118972        Total Invested:  455.82420025
Mon Sep  8 08:14:00 PDT 2014    Total Bets: 7,977,860   Total Wagered:16,401.32614570        Total Profit: 37.82364991        Total Invested:  476.35567600
Tue Sep  9 09:14:42 PDT 2014    Total Bets: 8,038,265   Total Wagered:16,562.16327260        Total Profit: 33.28201659        Total Invested:  695.08911677
Wed Sep 10 21:07:08 PDT 2014    Total Bets: 8,143,496   Total Wagered:17,036.11719304        Total Profit: 22.13771475        Total Invested:  688.81036041
Thu Sep 11 10:16:26 PDT 2014    Total Bets: 8,160,440   Total Wagered:17,134.13398229        Total Profit: 30.22215925        Total Invested:  688.78634647
Fri Sep 12 10:09:10 PDT 2014    Total Bets: 8,210,537   Total Wagered:18,020.37463861        Total Profit: 19.61381502        Total Invested:  754.46038856
Sat Sep 13 08:05:13 PDT 2014    Total Bets: 8,248,338   Total Wagered:18,061.22759849        Total Profit: 21.62042465        Total Invested:  763.92547564
Sun Sep 14 09:46:02 PDT 2014    Total Bets: 8,481,494   Total Wagered:20,961.26123047        Total Profit: 43.45820931        Total Invested:  693.96138399
Mon Sep 15 08:31:18 PDT 2014    Total Bets: 8,623,039   Total Wagered:21,650.00383396        Total Profit:  0.18380911        Total Invested:  725.80908230
Tue Sep 16 11:35:59 PDT 2014    Total Bets: 8,801,497   Total Wagered:24,044.02811243        Total Profit:-56.28617105        Total Invested:  774.09619051
Wed Sep 17 07:41:32 PDT 2014  | Pocket Rockets Casino is offline temporarily while updates are being made.
Wed Sep 17 16:59:42 PDT 2014  | Having unexpected technical difficulties at the moment.
Thu Sep 18 07:27:53 PDT 2014  | Estimated to have things back to normal within the next 24 hours.
Fri Sep 19 07:24:28 PDT 2014    Total Bets: 9,007,124   Total Wagered:25,162.93288318        Total Profit: -6.43667853        Total Invested:  778.86571042
Sat Sep 20 09:22:08 PDT 2014    Total Bets: 9,167,359   Total Wagered:26,593.03959894        Total Profit:-13.23776209        Total Invested:1,053.66962510
Sun Sep 21 09:50:45 PDT 2014    Total Bets: 9,318,684   Total Wagered:28,242.04793862        Total Profit:-97.94548281        Total Invested:1,091.48251613
Mon Sep 22 11:02:18 PDT 2014    Total Bets: 9,528,845   Total Wagered:31,811.36586714        Total Profit: -1.05098718        Total Invested:1,277.74373998
Tue Sep 23 10:40:39 PDT 2014    Total Bets: 9,657,035   Total Wagered:33,721.30159631        Total Profit: 72.34358558        Total Invested:1,251.00008013
Wed Sep 24 10:19:49 PDT 2014    Total Bets: 9,827,676   Total Wagered:35,333.66109605        Total Profit: 63.90504219        Total Invested:1,304.52018347
Thu Sep 25 11:35:52 PDT 2014    Total Bets:10,005,868   Total Wagered:37,015.81954428        Total Profit:101.76182061        Total Invested:1,357.48187355
Fri Sep 26 10:41:28 PDT 2014    Total Bets:10,181,242   Total Wagered:37,494.87360831        Total Profit:104.23687218        Total Invested:1,397.73110406
Sat Sep 27 08:50:33 PDT 2014    Total Bets:10,351,286   Total Wagered:49,707.40396738        Total Profit:155.26737001        Total Invested:1,517.80696499

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September 28, 2014, 08:31:48 AM
 #822

Here are stats for 4 sites over the last week or so.

Thanks for the stats, dooglus.

IMHO, those sites allowing outsiders to invest in the bankroll really should proactively publish their own wagered and profit stats

They all do. That's how I collect the stats...

Sorry, I didn't make my point clear. What I want to say is that the sites should provide not only the current stats and also a list of historical stats (just like what you shown).
For example, I can see PRC's site profit is 174.21708441 ฿ at this second, but I can't find its site profit 1 day ago or 1 month ago.
You can see daily stats, all the way back to February on https://prcdice.eu/report/houseprofit There are also these graphs made by dreama: https://sites.google.com/site/prcdicestats/

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September 28, 2014, 09:28:55 AM
 #823

Thanks a lot for dooglus' details stats and NLNico's links.

My bad, I never noticed PRC was publishing those daily stats (the page was a bit hard to find TBH, I need to click "Account", "Investments" and then click the link in the first line).

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September 28, 2014, 09:35:41 AM
 #824

Thanks a lot for dooglus' details stats and NLNico's links.

My bad, I never noticed PRC was publishing those daily stats (the page was a bit hard to find TBH, I need to click "Account", "Investments" and then click the link in the first line).

Yeah it is a bit hard to find.

I've started work on a new version of the site written and designed from the ground up so everything will be easier to use and much faster and stable.

There will be a test version open to public soon so bugs/issues can be resolved before the current site switches over to the new one.
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September 28, 2014, 12:07:52 PM
 #825

For example, I can see PRC's site profit is 174.21708441 ฿ at this second, but I can't find its site profit 1 day ago or 1 month ago.

If you want zoomable graphs you can also use this link...
https://sites.google.com/site/prcdicestats/dynamic
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September 29, 2014, 10:37:24 AM
 #826

Apparently PRC made a change in the commission system and claims to have emailed the investors last week. Do you not think Dean a post on this would be wise here?

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September 29, 2014, 11:13:40 AM
 #827

Apparently PRC made a change in the commission system and claims to have emailed the investors last week. Do you not think Dean a post on this would be wise here?

blablabla

http://blog.pocketrocketscasino.eu/2014/09/changes-to-investment-model/

Quote
Changes to investment model
On 29 Sep 2014 12am BST, Pocket Rockets Casino will be changing the user investment model.

The existing model charges 10% commission on all investment profits weekly or at time of divest.

The new model will charge 0 commission to investors and instead will take 0.1% from the wagered amount on all bets.

This means if a player bets 1 Bitcoin and loses, 0.001 Bitcoin will go to Pocket Rockets Casino and the remaining 0.999 will be split among the investors based on their share of the total house bankroll.

If a player were to bet 1 Bitcoin and win on a 2x payout bet then 1.001 Bitcoin will be taken from the total house bankroll. 1 Bitcoin will be awarded to the player and 0.001 will go to Pocket Rockets Casino.

Note that in the long run, this is the same amount that Pocket Rockets Casino would make from taking 10% on commission under the existing model.

For example with the house edge being 1% and 100 Bitcoin wagered, the expected profit to investors is 1 Bitcoin. 10% commission on this would be 0.1 Bitcion.

Under the new model Pocket Rockets Casino would take 0.1% of the total wagered, 0.1% of 100 Bitcoin wagered = 0.1 Bitcoin. So PRC makes the exact same.

So why change?

Although in the long run the profit PRC makes is the same whichever model is used, under the existing model there can be weeks where there is zero commission made due to the swings in profit due to variance.

This has limited the growth of PRC in that no real marketing strategy can be planned to attract new players due to not knowing if there will be any profit week to week.

Under the new system PRC will be able to plan better and allocate funds for:

Marketing
Promotions
Support
Server costs and other expenses
Software development
All of these things will help grow Pocket Rockets Casino and offer far greater potential returns for current and future investors due to being able to improve the product and bring in far more players.

This entry was posted in Uncategorized on September 25, 2014.
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September 29, 2014, 11:42:40 AM
 #828

Quote
Changes to investment model

On 29 Sep 2014 12am BST, Pocket Rockets Casino will be changing the user investment model.

For full details see the blog page here http://blog.pocketrocketscasino.eu/2014/09/changes-to-investment-model/ If you would like to unsubscribe and stop receiving these emails click here.

He definitely emailed investors, but only those with an email saved to their account. Let me guess, you never registered an email address or used a temp/fake one?

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September 29, 2014, 03:14:31 PM
 #829

Quote
Changes to investment model

On 29 Sep 2014 12am BST, Pocket Rockets Casino will be changing the user investment model.

For full details see the blog page here http://blog.pocketrocketscasino.eu/2014/09/changes-to-investment-model/ If you would like to unsubscribe and stop receiving these emails click here.

He definitely emailed investors, but only those with an email saved to their account. Let me guess, you never registered an email address or used a temp/fake one?

And how do you "save" an e-mail address to the account? I just looked at the account page and can't see anything about that. There is an e-mail field on the registration form, clearly marked as optional.

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September 29, 2014, 06:26:28 PM
 #830

Apparently PRC made a change in the commission system and claims to have emailed the investors last week. Do you not think Dean a post on this would be wise here?

How does the new system different from previous one?

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Testing123
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September 29, 2014, 06:31:09 PM
 #831

Apparently PRC made a change in the commission system and claims to have emailed the investors last week. Do you not think Dean a post on this would be wise here?

How does the new system different from previous one?

Please scroll up to find the third post above your post or click https://bitcointalk.org/index.php?topic=663326.msg9014729#msg9014729 and read it.


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September 29, 2014, 07:04:02 PM
 #832

Apparently PRC made a change in the commission system and claims to have emailed the investors last week. Do you not think Dean a post on this would be wise here?

How does the new system different from previous one?
Haven't done the complete maths, but it seems it is actually bad for the investors. Basically, site used to earn only when players(gamblers) lost before, now site makes profit for the amount wagered irrespective of it being a win or a lose. (Read the last paragraph for most of the maths - If I understand it correctly).
ruru said something about it being different, not sure what he meant. But like someone pointed out in the chart it is not always good for the investors.
So the old system gave the investors a 1% edge , but it works out only over a long term. The new system is to maximize the Dean's(not investors) profits over the short term .
 For example someone pointed out that according to the site's charts, around 5000 btc was wagered today , so even if the site had lost money, Dean would still have made 0.1% of that 5000 btc which is 5 BTC. So basically Dean now makes profits to run the site irrespective of the site winning or losing.

The argument ruru posted was something that all of the dice sites are much below the expected 1% edge(profit), and some are negative, so the only one's making big profits with this 0.1% of the wagered would be the site owners, which might not seem right to the investors and even might it seems to be the same, the investor's only get that 1% edge over the long term.

I am not sure how the change was implemented. Did Dean change the system after voting or by simply informing the investors?
 Because as an investor, I would have definitely been against the change. Because, right now I would be paying Dean 0.1% irrespective of a win or a loss for the gambler. Meaning, if the site was in a loss or below the expected, then I am actually losing more , than what I would have if I just paid commission on profits for me.  
So even though Dean claims its equivalent, it is only in the case if the site comes close to profits of 1% of wagered. Otherwise, its rather a loss to the investors. But it seems investors don't understand this.

And one more thing.
That guy Bazza is Smart.

PocketRocketsCasino
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September 29, 2014, 07:25:32 PM
 #833

Apparently PRC made a change in the commission system and claims to have emailed the investors last week. Do you not think Dean a post on this would be wise here?

How does the new system different from previous one?
Haven't done the complete maths, but it seems it is actually bad for the investors. Basically, site used to earn only when players(gamblers) lost before, now site makes profit for the amount wagered irrespective of it being a win or a lose. (Read the last paragraph for most of the maths - If I understand it correctly).
ruru said something about it being different, not sure what he meant. But like someone pointed out in the chart it is not always good for the investors.
So the old system gave the investors a 1% edge , but it works out only over a long term. The new system is to maximize the Dean's(not investors) profits over the short term .
 For example someone pointed out that according to the site's charts, around 5000 btc was wagered today , so even if the site had lost money, Dean would still have made 0.1% of that 5000 btc which is 5 BTC. So basically Dean now makes profits to run the site irrespective of the site winning or losing.

The argument ruru posted was something that all of the dice sites are much below the expected 1% edge(profit), and some are negative, so the only one's making big profits with this 0.1% of the wagered would be the site owners, which might not seem right to the investors and even might it seems to be the same, the investor's only get that 1% edge over the long term.

I am not sure how the change was implemented. Did Dean change the system after voting or by simply informing the investors?
 Because as an investor, I would have definitely been against the change. Because, right now I would be paying Dean 0.1% irrespective of a win or a loss for the gambler. Meaning, if the site was in a loss or below the expected, then I am actually losing more , than what I would have if I just paid commission on profits for me.  
So even though Dean claims its equivalent, it is only in the case if the site comes close to profits of 1% of wagered. Otherwise, its rather a loss to the investors. But it seems investors don't understand this.

And one more thing.
That guy Bazza is Smart.

There's been just over 1k wagered since the new system came into place.

Road2Wealth just lost 150BTC while only wagering 5-600. Under the old system PRC (not me) would take 15BTC in commission with investors getting 135BTC.

Under the new system PRC took 0.5-0.6BTC while investors got 149.5BTC.
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September 29, 2014, 07:32:25 PM
Last edit: September 29, 2014, 08:02:45 PM by finnile
 #834


There's been just over 1k wagered since the new system came into place.

Road2Wealth just lost 150BTC while only wagering 5-600. Under the old system PRC (not me) would take 15BTC in commission with investors getting 135BTC.

Under the new system PRC took 0.5-0.6BTC while investors got 149.5BTC.

Well I don't know about that. dreama's stats show that 5K BTC has been wagered on 29th, since the new commission system started. Since you got less commission on his loss , maybe its Karma. But nevermind you got the seeds Wink
Anyways, my post was not about Road or his loss. My question was regarding what I posted in the last post written again below.

I am not sure how the change was implemented. Did Dean change the system after voting or by simply informing the investors?
 Because as an investor, I would have definitely been against the change. Because, right now I would be paying Dean 0.1% irrespective of a win or a loss for the gambler. Meaning, if the site was in a loss or below the expected, then I am actually losing more , than what I would have if I just paid commission on profits for me.  
So even though Dean claims its equivalent, it is only in the case if the site comes close to profits of 1% of wagered. Otherwise, its rather a loss to the investors. But it seems investors don't understand this.

and Dean, please don't change the topic like always by giving an example how by coincidence the new system was good today. My argument/question was on the unfairness to the investors. Since you don't understand stuff I will make it simple for you.

If your new system was implemented from the start(start of Dice), then currently the site is around 400 bitcoins below the 1% expected. Now doesn't that mean investors would be down another 40 BTC because of your so called equivalent system?

EDIT: Also wouldn't it be a little unfair for investment profits from BlackJack? BJ has a house 0.28% edge, and you are supposedly taking 0.1% anyways.

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September 29, 2014, 07:43:13 PM
 #835

summary of what the new system brings to the table (IMO):

If the site does bad (profit<edge): investors pay more than they did on the old system.
if the site does very bad (profit<0) investors pay extra
If the does does as expected (profit = edge) the two systems are the same with respect to the investors.
If the site does better than expected (profit> edge) the investors get paid more and PRC makes less.

Whichever way the profit goes, PRC gets a more stable income allowing it to cover costs and attract more players (via raffles and advertising etc).

Although I am not a fan of the new system, I understand why it was implemented. servers are expensive and a developers time is as well. Dean needs to eat after all. I hope that the change is temporary, but even if it is not, PRC seems to be one of the most profitable investments currently available.

There was discussions on it in the chat. Investors had the time to get all the info and dean was mostly willing to explain it all. Some protested, more seemed to be in favour of it. The email was sent in time so that investors would be able to protest it if wanted.


And how do you "save" an e-mail address to the account? I just looked at the account page and can't see anything about that. There is an e-mail field on the registration form, clearly marked as optional.

I see your point, I could not find a place to add an email address besides registration. This is probably something to take up with Dean. I did not notice that it was not possible to add/update an email address post registration

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September 29, 2014, 07:54:37 PM
 #836


There's been just over 1k wagered since the new system came into place.

Road2Wealth just lost 150BTC while only wagering 5-600. Under the old system PRC (not me) would take 15BTC in commission with investors getting 135BTC.

Under the new system PRC took 0.5-0.6BTC while investors got 149.5BTC.

Well I don't know about that. drema's stats show that 5K BTC has been wagered on 29th, since the new commission system started. Since you got less commission on his loss , maybe its Karma. But nevermind you got the seeds Wink
Anyways, my post was not about Road or his loss. My question was regarding what I posted in the last post written again below.

I am not sure how the change was implemented. Did Dean change the system after voting or by simply informing the investors?
 Because as an investor, I would have definitely been against the change. Because, right now I would be paying Dean 0.1% irrespective of a win or a loss for the gambler. Meaning, if the site was in a loss or below the expected, then I am actually losing more , than what I would have if I just paid commission on profits for me.  
So even though Dean claims its equivalent, it is only in the case if the site comes close to profits of 1% of wagered. Otherwise, its rather a loss to the investors. But it seems investors don't understand this.

If you're not happy you can divest
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September 29, 2014, 08:05:26 PM
 #837

wow up 200btc profit. congrats





I my have to and try to win AK bitcoins back
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September 29, 2014, 08:09:23 PM
Last edit: September 29, 2014, 08:28:01 PM by finnile
 #838


There's been just over 1k wagered since the new system came into place.

Road2Wealth just lost 150BTC while only wagering 5-600. Under the old system PRC (not me) would take 15BTC in commission with investors getting 135BTC.

Under the new system PRC took 0.5-0.6BTC while investors got 149.5BTC.

Well I don't know about that. drema's stats show that 5K BTC has been wagered on 29th, since the new commission system started. Since you got less commission on his loss , maybe its Karma. But nevermind you got the seeds Wink
Anyways, my post was not about Road or his loss. My question was regarding what I posted in the last post written again below.

I am not sure how the change was implemented. Did Dean change the system after voting or by simply informing the investors?
 Because as an investor, I would have definitely been against the change. Because, right now I would be paying Dean 0.1% irrespective of a win or a loss for the gambler. Meaning, if the site was in a loss or below the expected, then I am actually losing more , than what I would have if I just paid commission on profits for me.  
So even though Dean claims its equivalent, it is only in the case if the site comes close to profits of 1% of wagered. Otherwise, its rather a loss to the investors. But it seems investors don't understand this.

If you're not happy you can divest
Oh I never invested. I am just bringing it to people's attention. To which you might say, investor's are responsible for their own decisions, but my argument to that would be that maybe, I should have done the same in DB's case then, maybe I didn't like they were scamming people, so I should not gamble, but let people gamble and lose and not post about it.

Plus a lot of people don't really understand the maths of it. The so called smart guy Bazza was arguing with ruru, that the new system made no difference, but he never understood the math behind it.   seuntjie sums it up pretty much right. To add to that, 95% of the dice sites are currently running below the 1% house edge, so it clearly means, this system ends up being much more unfair to the investors. But again, its their money.

And another thing to add ,to which  I made an edit above. Wouldn't it be a little unfair for investment profits from BlackJack? BJ has a house 0.28% edge(http://wizardofodds.com/gambling/house-edge/), and you are supposedly taking 0.1% anyways, which probably means that  the new system is not fair to the investors for BJ. Am I wrong on this?
EDIT: Based on that site's calculator Dean said its 0.9%. so still 10% short.

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September 29, 2014, 08:20:33 PM
 #839

I can't say exactly but generally the house edge for BJ is more than 1% so if Dean is only taking 0.1% of the wagered he's the one missing out.
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September 29, 2014, 08:44:18 PM
 #840

Apparently PRC made a change in the commission system and claims to have emailed the investors last week. Do you not think Dean a post on this would be wise here?

How does the new system different from previous one?

Under the old system if the site had an unlucky week where the players made a profit overall, the investors would take the loss and not have to pay any commission to the house.

Under the new system the investors have to pay commission to the house whether they win or lose.

The new system is much fairer because the site owner is guaranteed to get coins from the investors whether they win or lose.

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