bustabit.com -- The Social Gambling Game

[RHavar]

The investments will be handled by me

That's not any different then having the same investor just put in 10 BTC and risk 10% of it, and another one sending 1 BTC and risking 100%.

It is quite different. For the sake of argument let's say someone is attempting to hit the max-loss, and there is only one investor.


Scenario A: Investor with 0 BTC offsite, 1 BTC onsite, 100% risk

A gambler comes in, bets the 1 BTC max-loss hoping to win the max-loss but loses. Investor now has 2 BTC onsite. The investor is now risking 100%, which is 2 BTC. The gambler goes for another max-loss bet, but loses again. The investor now has 4 BTC. The investor is now risking 100%, which is 4 BTC. The gambler goes for another max-loss and wins: The investor has 0, and is dead.

Scenario B: Investor with 9 BTC offsite, 1 BTC onsite, 10% risk

A gambler comes in, bets the 1 BTC max-loss hoping to win the max-loss but loses. Investor now has 2 BTC onsite (and 9 offsite). The investor is now risking 10%, which is 1.1 BTC. The gambler goes for another max-loss bet, but loses again. The investor now has 3.1 BTC (and 9 offsite). The investor is now risking 10%, which is 1.21 BTC. The gambler goes for another max-loss and wins: The investor has 1.89 BTC onsite (and 9 offsite), and is very much alive and well.




See the difference?

[RHavar]

Is Investor One paid a share of profits based on his share of the BR as: 10/110, 10/1100, or 1000/1100?

All winnings and losings are distributed  to investors proportional to their contribution to the casino max-loss per game. If investor A contributes 1 BTC and investor B contributes 0.5 BTC, then what ever the casino wins or loses that game will be given twice as much to investor A then B.

The amount an investor contributes to a game is limited by the amount they actually have in onsite investment. i.e. it doesn't if you have a 1M bitcoins offsite, if you only have 1 BTC in onsite investment, the max you can ever contribute to the max-loss is 1 BTC

[jaysabi]

For the two responses directly above^^: Ok, I think I understand the system now. Thanks for explaining.

[Babba D]

For the two responses directly above^^: Ok, I think I understand the system now. Thanks for explaining.

yes and if you are playing there remember there is yet 99% luck and only 1% skill

[finlon]

So Investor One tells MP he has 1000 coins to invest and sends in 10. He's only risking 10 to a whale or variance. The other 990 are not on site.

Investor Two tells MP he has 100 coins to invest and sends in all 100.

Is Investor One paid a share of profits based on his share of the BR as: 10/110, 10/1100, or 1000/1100?

If the rest of the 990 coins are not on the site, how is it invested? Its just an amount that might be said to be invested but is not actually invested on the site. Isn't it?

[dooglus]

Ok, so, hmmm, then it doesn't really matter what the investor says, what really matters is how much he put in. The remaining money (whether real or fake) can be safely ignored.

That's not any different then having the same investor just put in 10 BTC and risk 10% of it, and another one sending 1 BTC and risking 100%. Or, yah, maybe I still don't get it.

You still don't get it. If you send 10 BTC and risk 10%, you lose 1 BTC on the first bet, 0.9 on the 2nd bet, 0.81 BTC on the 3rd bet, etc. (assuming someone keeps winning max bets against you). The amount you're risking per game drops pretty quickly in the face of a winning whale.

On the other hand if you invest 1000 BTC but only send 10%, and say you want to risk 0.1%, then again you lose 1 BTC on the first bet, but on the 2nd bet you have 999 left and so risk 0.999 BTC on the 2nd bet. The 990 BTC you have offsite acts as a big weight and makes the amount you risk per bet much more steady than when you are risking 10% of 10 BTC.

Can I send 0.1 BTC and risk 1000% ? That would be awesome.

No, you can't risk coins that you don't physically have on-site.

[dooglus]

So Investor One tells MP he has 1000 coins to invest and sends in 10. He's only risking 10 to a whale or variance. The other 990 are not on site.

Investor Two tells MP he has 100 coins to invest and sends in all 100.

Is Investor One paid a share of profits based on his share of the BR as: 10/110, 10/1100, or 1000/1100?

Each investor is paid a share of the profits each round in proportion to his share of the amount he contributed to the max profit for that round. On JD each investor contributed the same percentage of their bankroll to the max profit, so using the size of their bankroll to determine the profit split worked. This proposed moneypot scheme allows investors to set their own risk percentage, so that needs to be taken into account as well.

In your example:

Investor 1 is contributing 0.1% of 1000, for 1 BTC of risk.
Investor 2 is contributing 1% of 100, for 1 BTC of risk.

The max profit is 2 BTC, and they split and profit or loss 50/50 on the first round.

Note however that the split changes every round (which is why I couldn't use this idea on JD - there were too many rounds, too quickly):

If the player wins the 2 BTC, then:

Investor 1 now has 990 offsite and 9 onsite for a total of 999. He's risking 0.999 BTC on the next round.
Investor 2 now has 0 offsite and 99 onsite. He's risking 0.99 BTC on the next round.

Investor 1 is now risking slightly more than investor 2, and so gets a little more than 50% of the split on the next round. (100 * 999 / (999 + 990) %)

[omahapoker]

glad you explained this for the simple people to understand.



I'm still confused......



now just tell me which game to to bet on and i'll give you 80% of profit

[Babba D]

the cashout button doesnt work and thats why i lost some huge coins , fine .... admin you should recover my coins

[erwin45]

the cashout button doesnt work and thats why i lost some huge coins , fine .... admin you should recover my coins

Works well and instant WD, please dont try to blackmail, nice site anyway just lack design

[Babba D]

the cashout button doesnt work and thats why i lost some huge coins , fine .... admin you should recover my coins

Works well and instant WD, please dont try to blackmail, nice site anyway just lack design

lol i am not blackmailing u willl understand when u will loose ur money on cashout button problem , i wish god make u loose and make u feel

[erwin45]

the cashout button doesnt work and thats why i lost some huge coins , fine .... admin you should recover my coins

Works well and instant WD, please dont try to blackmail, nice site anyway just lack design

lol i am not blackmailing u willl understand when u will loose ur money on cashout button problem , i wish god make u loose and make u feel

im not associated with moneypot, im just a user playing there just like you, and its working fine for me, instant WD

[jaysabi]

the cashout button doesnt work and thats why i lost some huge coins , fine .... admin you should recover my coins

Surely an accusation about a glitch that's so sparse on details is legit!

Seriously, you didn't include a single detail that can be used to help you in any way. You also have a scam accusation against you already, and negative trust. You can see why people aren't going to take this post seriously, right? As far as I know, nobody else has had a problem with the cashout button.

[dooglus]

i wish god make u loose and make u feel

What kind of asshole believes in God then invokes him as their private army?

GTFO

[Domino]

i wish god make u loose and make u feel

What kind of asshole believes in God then invokes him as their private army?

GTFO

Did you forget to pray to god for helping you to win your game lol?

[dooglus]

look at what happened at dice ninja who you both promoted for! ...now what is this madess? it sounds complicated and dodgy! :[ no i'd not trust this idea

How is my forum signature ad in any way related to the current discussion?

[Dabs]

Ok, good explanation. I may have gotten some of it, but just for clarification: How is this new investment scheme different from having the investors just plug in a percentage of what they want to risk based on what they have physically (digitally, bitcoiny) deposited?

Or, in other words, the site just looks at the amount actually deposited, and the percentage of risk depends on that. The amount that is claimed that is off-site can be ignored. Or does that still somehow factor into the computation?

[dooglus]

Ok, good explanation. I may have gotten some of it, but just for clarification: How is this new investment scheme different from having the investors just plug in a percentage of what they want to risk based on what they have physically (digitally, bitcoiny) deposited?

Or, in other words, the site just looks at the amount actually deposited, and the percentage of risk depends on that. The amount that is claimed that is off-site can be ignored. Or does that still somehow factor into the computation?

No.

Re-read my post here which answers those questions:

That's not any different then having the same investor just put in 10 BTC and risk 10% of it, and another one sending 1 BTC and risking 100%.

If you send 10 BTC and risk 10%, you lose 1 BTC on the first bet, 0.9 on the 2nd bet.

On the other hand if you invest 1000 BTC but only send 10%, and say you want to risk 0.1%, then again you lose 1 BTC on the first bet, but on the 2nd bet you have 999 left and so risk 0.999 BTC on the 2nd bet.

Notice that 0.9 is different than 0.999. That is the difference.

[Dabs]

So, it becomes a fraction of a fraction that you actually sent? Does that mean, if I'm risk averse, I can pretend to have 10000 BTC, send only 1%, and risk 0.1% ... and do all the math, and... I won't have a problem if I don't actually have the imaginary BTC as long as the site doesn't continually keep losing?

When does the site ever request you to deposit the rest of the money? What happens if they don't deposit? The losses just stop because there isn't anything more left on the site as far as that particular investor is concerned?

If I understand it, this also means that the investor that risks only 0.1% also just gains 0.1% of the profits or whatever is his proportional share (less commissions later.)

There must be some sort of minimum amount the investor has to actually send to make this work right? There seems to be a lot less risk to the investor.

I mean, what if I "invest" 100k BTC (which I probably don't have), and only send in 10 BTC (and risk 0.0001% or whatever is the correct number for this example). Then as long as the site doesn't eat up those 10 BTC (on site), I make a profit and risk less at the same time, and the house, usually wins (or the house always wins in the long term.)

[Mist]

What's with the newbie calling out trusted people?

Get out of my kitchen.