[SHUTTING DOWN] [DiceBitco.in | BE THE BANK ! | 1% House Edge]

[DiceBitcoin]

less than 50btc away from the 4k btc invested!

"invested" ...lmfao!!!        where are you registered?   hmmmm

I wont answer to anyone that has"telekinesis" on his forum signature

keep bumping the thread btw! Much appreciated

[1715209555]

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[1715209555]

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[1715209555]

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[1715209555]

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[BBmodBB]

less than 50btc away from the 4k btc invested!

"invested" ...lmfao!!!        where are you registered?   hmmmm

I wont answer to anyone that has"telekinesis" on his forum signature

keep bumping the thread btw! Much appreciated

no you won't answer because you are not registered and you are operating an illegal scam site using so called "investments" ....look up the laws..then bump thread again !       1o1!

[suchmoon]

I guess it's pretty obvious to all that I'm not timmy. timmy doesn't seem to understand provable fairness...

That's the conspiracy. You pretend to be an illiterate gambling addict to ruin PD

Now back on topic: with the player loss/profit removed from display, and site profit equal to player profit * -1 (if I understand the latest changes correctly) I though it would be easier to figure out what's going on. But now I'm as confused as ever. I invested at the very beginning and my profit is still negative. However the site is showing up by 12 BTC. What does that mean?

Click 'invest (new)' at the top of the page. It shows your total profit. Is that positive?

Nope. I never divested and was not charged any commission yet. My total == current.

Could it be what NLNico is saying? That I got a larger share of losses and a smaller share of gains? Or could other investors divesting/reinvesting somehow affect my share of profits? I'm just trying to wrap my head around it but I guess I'm missing some important details on how the gains and losses are distributed to investors. I'm re-reading https://dicebitco.in/about/investments now.

[NLNico]

Imagine at first:

Bankroll = 100 BTC, you have 10 BTC which is 10% of total. Now investors lose 10 BTC, so you lose 10% of that = 1 BTC.

Now:

Bankroll = 4000 BTC, you have 9 BTC which is (only) 0.225% of total. Now investors gain 30 BTC, so you win 0.225% of that = 0.0675 BTC.

Site is up 20 BTC. You are down 0.9325 BTC.

(just an example, obviously)

[shorena]

Imagine at first:

Bankroll = 100 BTC, you have 10 BTC which is 10% of total. Now investors lose 10 BTC, so you lose 10% of that = 1 BTC.

Now:

Bankroll = 4000 BTC, you have 9 BTC which is (only) 0.225% of total. Now investors gain 30 BTC, so you win 0.225% of that = 0.0675 BTC.

Site is up 20 BTC. You are down 0.9325 BTC.

(just an example, obviously)

As the 18th person to invest with plenty (>100*) DIVEST -> PLAY -> INVEST dances in between this is exactly (different number ofc) what happened to me. The amount you as an investor risk was also changed over time from 2% over 1% to now .5%. So there are several factors that can make your "current profit" or even your "total profit" negative even though the site as a whole is up.

* 8 full pages of 20 each and a 9th not full yet. I NEED INVEST ONLY SOOON

[m19]

Imagine at first:

Bankroll = 100 BTC, you have 10 BTC which is 10% of total. Now investors lose 10 BTC, so you lose 10% of that = 1 BTC.

Now:

Bankroll = 4000 BTC, you have 9 BTC which is (only) 0.225% of total. Now investors gain 30 BTC, so you win 0.225% of that = 0.0675 BTC.

Site is up 20 BTC. You are down 0.9325 BTC.

(just an example, obviously)

This is exactly the reason why I divested. Because of the early swings I was in the negative and in the meanwhile hundreds/thousands of btc's have been invested, to make up my loss it will take months.

[DiceBitcoin]

This is exactly the reason why I divested. Because of the early swings I was in the negative and in the meanwhile hundreds/thousands of btc's have been invested, to make up my loss it will take months.

or it can take a few rolls...

[dooglus]

dooglus you think I should invest 1.5btc here?

also can you loan me 52 btc so I can make as much as commission as you?   JK

I don't know whether you should invest or not. I don't even know if I should invest there.

And commission isn't something you make - it's something you pay to the site.

[suchmoon]

Imagine at first:

Bankroll = 100 BTC, you have 10 BTC which is 10% of total. Now investors lose 10 BTC, so you lose 10% of that = 1 BTC.

Now:

Bankroll = 4000 BTC, you have 9 BTC which is (only) 0.225% of total. Now investors gain 30 BTC, so you win 0.225% of that = 0.0675 BTC.

Site is up 20 BTC. You are down 0.9325 BTC.

(just an example, obviously)

Thank you for spelling it out. That's what the site examples show too. It was just counter-intuitive to me for some reason. Early investment == high risk, could have easily gone the other way.

I'm now ~0.1% down, so I need the site to gain ~0.1% on its bankroll, i.e. another ~4 BTC to break even.

[dooglus]

Nope. I never divested and was not charged any commission yet. My total == current.

Could it be what NLNico is saying? That I got a larger share of losses and a smaller share of gains? Or could other investors divesting/reinvesting somehow affect my share of profits? I'm just trying to wrap my head around it but I guess I'm missing some important details on how the gains and losses are distributed to investors. I'm re-reading https://dicebitco.in/about/investments now.

It's pretty simple how it works: you get your fair share of every win and loss on the site, in proportion to the size of your contribution to the bankroll.

So yes, it's almost certainly what NLNico is saying, but also this:

I'm often invested. My balance is 0 most of the time.

When I want to play, I divest "ALL", play, then invest "ALL".

I'm 10 BTC up on my account from playing, so the site is 10 BTC down from my play. My investment wasn't hit by any of that 10 BTC loss, because I wasn't invested for it.

Each time I divest, win, reinvest, your share of the bankroll is temporarily higher while I win from you. Then I reinvest, diluting your share a little.

Of course, when I lose, your share of the site's profits from that loss are larger than usual too, because I'm divested while I lose.

People investing and divesting are constantly changing your percentage share of the bankroll. This makes it next to impossible to work out what your investment gains or losses should be at any point in time, although you can get a rough idea by looking at how the site profit and total investment has changed over time:

Code:

dicebitco.in - note that 'investor profit' is quite meaningless, since it only refers to profit which has not yet paid commission;
------------   it will always be lower than (0 - 'player profit'); 'player profit' is how much players are really up or down so far

date                              site profit                                                                                                      investor profit
----                              -------------                                                                                                    ---------------
Sat Aug  9 09:45:31 PDT 2014      profit:       -0.0676         invested:       1,710.75568170  wagered:        1,935.1069      bets:    3,393,343     -1.02023755
Sat Aug  9 16:45:21 PDT 2014      profit:      -10.7138         invested:       1,789.50544471  wagered:        2,518.7667      bets:    3,5-7,744    -11.76352107
Sat Aug  9 21:52:27 PDT 2014      profit:      -23.8547         invested:       1,791.75849754  wagered:        2,678.0287      bets:    3,5-2,148    -24.90444403
Sun Aug 10 00:05:33 PDT 2014      profit:       -7.2945         invested:       1,768.84137234  wagered:        2,846.0450      bets:    3,6-7,221     -8.34426980
Sun Aug 10 09:14:48 PDT 2014      profit:       -6.4135         invested:       2,058.85087786  wagered:        2,892.4297      bets:    3,7-6,398     -7.46499468
Sun Aug 10 16:34:10 PDT 2014      profit:       -1.0519         invested:       2,064.65869262  wagered:        3,031.7350      bets:    3,9-1,275     -2.10331754
Sun Aug 10 20:46:30 PDT 2014      profit:       -8.1202         invested:       2,215.13368066  wagered:        3,104.9332      bets:    4,091,582    -11.18470165
Sun Aug 10 23:11:45 PDT 2014      profit:        0.0542         invested:       2,225.26338503  wagered:        3,131.4306      bets:    4,252,277     -3.01033436
Mon Aug 11 07:26:20 PDT 2014      profit:        2.2244         invested:       2,358.07746080  wagered:        3,288.9298      bets:    4,738,432     -0.84091577
Mon Aug 11 10:12:19 PDT 2014      profit:        2.1469         invested:       2,369.94783153  wagered:        3,309.5587      bets:    4,951,506     -0.92128851
Mon Aug 11 11:11:21 PDT 2014      profit:        1.6145         invested:       2,404.69324690  wagered:        3,317.3572      bets:    4,991,769     -1.45793241
Mon Aug 11 12:12:09 PDT 2014      profit:        0.2619         invested:       2,407.09539843  wagered:        3,329.6667      bets:    5,033,682     -2.81295786
Mon Aug 11 13:52:22 PDT 2014      profit:       -0.7158         invested:       2,408.52554118  wagered:        3,361.8603      bets:    5,108,202     -3.79059272
Mon Aug 11 16:50:14 PDT 2014      profit:        9.1128         invested:       2,408.64650043  wagered:        3,388.9147      bets:    5,212,484      6.03795364
Mon Aug 11 17:29:34 PDT 2014      profit:       19.5852         invested:       2,398.28358853  wagered:        3,458.2826      bets:    5,225,560     16.37734460
Mon Aug 11 18:49:34 PDT 2014      profit:       19.7202         invested:       2,398.18151009  wagered:        3,463.1610      bets:    5,245,222     16.51143206
Mon Aug 11 20:50:19 PDT 2014      profit:       22.0545         invested:       2,403.17044901  wagered:        3,616.2525      bets:    5,365,405     17.23022306
Mon Aug 11 22:10:11 PDT 2014      profit:        6.4635         invested:       2,404.27740681  wagered:        4,330.9627      bets:    5,401,975      1.63262492
Tue Aug 12 10:46:12 PDT 2014      profit:       20.0278         invested:       2,904.65808213  wagered:        4,764.1024      bets:    6,195,020     12.78951049
Tue Aug 12 11:17:46 PDT 2014      profit:       19.6282         invested:       2,904.48325160  wagered:        5,047.0704      bets:    6,218,679     12.38990609
Tue Aug 12 11:51:40 PDT 2014      profit:       23.6194         invested:       2,905.56997549  wagered:        5,142.7952      bets:    6,252,289     16.38110048
Tue Aug 12 12:55:02 PDT 2014      profit:       24.1461         invested:       2,908.53678767  wagered:        5,166.7418      bets:    6,317,037     16.41029840
Tue Aug 12 15:39:44 PDT 2014      profit:       22.1646         invested:       2,929.05220605  wagered:        5,186.7837      bets:    6,478,461     14.41459208
Tue Aug 12 22:36:18 PDT 2014      profit:       19.9860         invested:       2,931.82386358  wagered:        5,329.5381      bets:    6,697,934     12.19320664
Wed Aug 13 20:35:10 PDT 2014      profit:       18.0817         invested:       2,849.19732225  wagered:        5,498.7051      bets:    8,025,821      9.33558425
Thu Aug 14 09:51:59 PDT 2014      profit:       17.2468         invested:       2,648.46592456  wagered:        5,528.1588      bets:    8,812,403      8.35361472
Fri Aug 15 00:22:47 PDT 2014      profit:       -7.5195         invested:       2,827.07188827  wagered:        6,335.5421      bets:    9,303,839    -16.41275632
Fri Aug 15 08:55:01 PDT 2014      profit:       -4.8832         invested:       3,046.82570976  wagered:        6,385.9224      bets:    9,735,025    -13.77637795
Fri Aug 15 18:04:55 PDT 2014      profit:       -2.8098         invested:       3,028.02460586  wagered:        6,402.2383      bets:    9,915,443    -11.70299980
Sat Aug 16 10:34:20 PDT 2014      profit:       -1.7371         invested:       2,996.50816435  wagered:        6,424.9730      bets:   10,523,323    -10.68917099
Sun Aug 17 09:15:06 PDT 2014      profit:       -0.1721         invested:       3,563.99505210  wagered:        6,503.7910      bets:   11,240,610     -9.12502638
Sun Aug 17 23:22:20 PDT 2014      profit:        4.6562         invested:       3,563.91203675  wagered:        6,728.2584      bets:   11,480,320     -6.85068663
Mon Aug 18 10:20:26 PDT 2014      profit:        8.0057         invested:       3,574.53483196  wagered:        6,834.5840      bets:   12,087,473     -3.50361675
Mon Aug 18 17:55:57 PDT 2014      profit:       -2.79844706     invested:       3,768.98313507  wagered:        7,186.5988      bets:   12,327,152
Tue Aug 19 10:14:57 PDT 2014      profit:        4.20253163     invested:       3,758.44484681  wagered:        7,483.6790      bets:   13,336,576
Tue Aug 19 15:47:17 PDT 2014      profit:        8.71433828     invested:       3,759.40504597  wagered:        7,502.0571      bets:   13,580,041
Wed Aug 20 10:10:03 PDT 2014      profit:       12.50251526     invested:       3,996.56065324  wagered:        7,810.7394      bets:   14,383,992

[marcotheminer]

The site isnt really performing well with profit I invested 0.1 or so but its really nothing hah

[dooglus]

no you won't answer because you are not registered and you are operating an illegal scam site using so called "investments" ....look up the laws..then bump thread again !       1o1!

The site doesn't really offer "investments" and it doesn't really have any "dice". The whole thing is based on a big fat lie.

[suchmoon]

It's pretty simple how it works: you get your fair share of every win and loss on the site, in proportion to the size of your contribution to the bankroll.

Thank you. I think the missing piece for me was how much my share of bankroll changed.

[Holdaaja]

no you won't answer because you are not registered and you are operating an illegal scam site using so called "investments" ....look up the laws..then bump thread again !       1o1!

The site doesn't really offer "investments" and it doesn't really have any "dice". The whole thing is based on a big fat lie.

DiceBitcoin is big fat lie?
What am I missing there now

[suchmoon]

What am I missing

sarcasm mixed into trollbait... careful, may be deadly 

[Holdaaja]

What am I missing

sarcasm mixed into trollbait... careful, may be deadly  

Okay...
I thought that he was saying this is lie so they wouldn't have to have legal investment permissions etc.
Or that this site turned out to be scam and won't need investment permission because of that.

So is this illegal then?
I have no idea about these legal thing so that is why I am asking.

[symbot]

I am here now and invested because dooglus. 

DiceBitco.in has a golden opportunity to fill a big void in my sad, pathetic online life.

[DiceBitcoin]

4k+ BTCs invested!

[sionobien]

now it`s ok.

[BayAreaCoins]

no you won't answer because you are not registered and you are operating an illegal scam site using so called "investments" ....look up the laws..then bump thread again !       1o1!

The site doesn't really offer "investments" and it doesn't really have any "dice". The whole thing is based on a big fat lie.

I'd put money on BBmodBB being Ownsley... aka that guy who was trolling Doge-dice and several other sites.

I wouldn't put to much though and effort into responding to him. (Anyone, not just doog)