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Author Topic: SatoshiDICE.com - The World's Most Popular Bitcoin Game  (Read 495437 times)
SatoshiDICE_PR
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November 07, 2014, 12:02:31 AM
 #1941

What gives?

Apparently referral gains and losses are no longer meant to show up immediately in your balance.

I reported yesterday that you could bet with a positive expectation by referring yourself from an account with an empty balance, and so they stopped auto-crediting referral payments.

Here's the trick:

If you lose, you get 10% back in your other account, and if you win the empty account goes negative and so you just abandon it and make a new one.

That gives you a (10/2)-1.9 = 3.1% expected positive return on your 50% bets.

I don't know what they plan to do to mitigate that, but it seems to me like the referral program is pretty much broken. I would be scared to post a referral link online because I might accidentally refer hufflepuff (he won 2000 BTC from PD recently - that would have cost me 200 BTC if I had referred him under the SD scheme).

Another way of thinking about it: If you refer 1000 players, by for example, owning bitcointalk.org or any other big website out there. Then you probably won't ditch your affiliate account because some individual wins a lump sum of money. Since you will have so many players under your belt. The affiliate earnings will end up in the positive sooner or later (if you have sent a large number of players)

Sure. Someone might win 2000 coins if our bankroll would allow it. Right now it doesn't support a 2000 BTC bet so its not possible. Hypothetically lets say we had a bankroll supporting a 2000BTC bet on 50/50 chance. Imagine your affiliate earnings if the player looses the bet. On that particular bet, you would get a huge reward risking 0 BTC.
jxSpringe, thanks for testing our affiliate system.

Your affiliate earnings will be payed out the week after the end of each month. Sorry for the inconvinience.

We will allow real-time affiliate earnings to special manually reviewed affilaites. The primary reason for the affiliate program existence, is to give people and entities the oppertunity to be part of satoshidices
success, earning a lifetime revenue share split on the edge. But in your case, using it to get a rabate on the edge - is also fine. You will be payed, and your earnings are tracked. Always will be.

(it wont be for someone explioting the affiliate program by creating several accounts to get a positive edge)

As dooglus mentioned, if someone would only refer one player, and this player wins 2000 BTC - The affiliate account will end up with negative balance. But if you have sent a lot of players, eventually it will get positive earnings.

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November 07, 2014, 12:07:40 AM
 #1942

The primary reason for the affiliate program existence, is to give people and entities the opportunity to be part of Satoshi Dice's
success, earning a lifetime revenue share split on the edge.

But you aren't sharing revenue only, you're also sharing the risk. And the downside may be more than the referring user owns. What will do you do if I refer 100 players. 99 of them play small bets, winning and losing around 0.1 BTC each, with a net combined loss of 1 BTC, and the 100th wins 2000 BTC. I will end up owing you 199.9 BTC.

What if I don't have it? Will you sue me for it? Will you confiscate the 1 BTC that was in my balance before I referred you all the extra business? It seems crazy that I risk bankrupting myself when I send new business your way.

But in your case, using it to get a rebate on the edge - is also fine.

(it wont be for someone exploiting the affiliate program by creating several accounts to get a positive edge)

How can you tell the difference between espringe betting 2 BTC on an account he referred himself, and someone trying to get a positive edge? It seems you're making decisions based on people's private intentions. How do you do that reliably?

I think you need to make a clear statement about what is OK and what isn't when referring players, and be clear about what you will do about negative balances.

But if you have sent a lot of players, eventually it will reach a positive amount again.

That's not necessarily true. The profit and loss of a dice site are overwhelmingly caused by a very small number of very big players. 99% of players have a minimal effect on profitability. If I'm unlucky enough to refer 1 lucky whale who quits while he's ahead and 99 small players, I'll probably have an everlasting loss from advertising on your behalf.

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November 07, 2014, 12:10:58 AM
 #1943

Sure. Someone might win 2000 coins if our bankroll would allow it. Right now it doesn't support a 2000 BTC bet so its not possible. Hypothetically lets say we had a bankroll supporting a 2000BTC bet on 50/50 chance. Imagine your affiliate earnings if the player looses the bet. On that particular bet, you would get a huge reward risking 0 BTC.

If it was "risking 0 BTC" then that's fine. But that's not how it works is it? When someone I refer wins 2000 BTC, I end up being liable for 10% of his winnings, don't I?

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SatoshiDICE_PR
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November 07, 2014, 12:25:15 AM
 #1944

Sure. Someone might win 2000 coins if our bankroll would allow it. Right now it doesn't support a 2000 BTC bet so its not possible. Hypothetically lets say we had a bankroll supporting a 2000BTC bet on 50/50 chance. Imagine your affiliate earnings if the player looses the bet. On that particular bet, you would get a huge reward risking 0 BTC.

If it was "risking 0 BTC" then that's fine. But that's not how it works is it? When someone I refer wins 2000 BTC, I end up being liable for 10% of his winnings, don't I?

You will never owe us any money in the sense that you will not be liable for the player's losses. Your affiliate account can have a negative revenue share, but you can always ditch it and create a new one (if you ditch it, your old players won't count, it works in both ways)

We recommend you have one separate affiliate account, and one personal account for making bets.

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November 07, 2014, 12:32:04 AM
Last edit: November 09, 2014, 05:36:13 AM by dooglus
 #1945

You will never owe us any money in the sense that you will not be liable for the player's losses. Your affiliate account can have a negative revenue share, but you can always ditch it and create a new one (if you ditch it, your old players won't count, it works in both ways)

We recommend you have one separate affiliate account, and one personal account for making bets.

Can I have two affiliate accounts? One for referring big players and one for small players?

Can I make a new affiliate account for each player I refer, so I can ditch the ones which make a loss?

Where do you draw the line? And are you even able to tell whether two accounts were created by the same people or two different people?

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SatoshiDICE_PR
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November 07, 2014, 02:26:49 AM
Last edit: November 07, 2014, 02:49:50 AM by SatoshiDICE_PR
 #1946

Congrats to the leaderboard winners!

Most Won
Throne
Prize: 0.2

Most Profit
Throne
Prize: 0.2

Unlikliest Win
leen
Prize: 0.2

Longest Win Streak
leen
Prize: 0.2

Unlikliest Win Streak
RND03329
Prize: 0.1

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November 07, 2014, 03:06:03 AM
 #1947

Yeah, if you have a big website, you can have the affiliate change for every new person that signs up... That would be almost or completely automated.

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November 07, 2014, 08:46:02 AM
 #1948

site having problem right now? Huh

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November 07, 2014, 09:25:45 AM
 #1949

Yesterday I won 0.05 BTC
From 0.0001 BTC Smiley
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November 07, 2014, 10:54:05 AM
 #1950

hello is 0.01 promotion is still alive
if yes please tell me how to get it

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PROFITABLE CLOUD MINING   √ Libertarian Business Model  √ Mine BITCOIN or ALTCOIN              ☞ VISIT OUR THREAD!
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November 07, 2014, 11:02:00 AM
 #1951

hello is 0.01 promotion is still alive
if yes please tell me how to get it

Did you Read Full thread  ?
Promotions Its automatic And its has gone now ,
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November 07, 2014, 05:06:44 PM
 #1952

hello is 0.01 promotion is still alive
if yes please tell me how to get it

Did you Read Full thread  ?
Promotions Its automatic And its has gone now ,

OK thanks buddy

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SatoshiDICE_PR
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November 08, 2014, 03:55:24 AM
 #1953

hello is 0.01 promotion is still alive
if yes please tell me how to get it

No, it's no longer alive.

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November 08, 2014, 03:57:45 AM
 #1954

2014-11-07   leader board winners

Most Won
Throne
Prize: 0.2   

Most Profit
leen
Prize: 0.2   

Unlikliest Win
leen
Prize: 0.2   

Longest Win Streak
leen
Prize: 0.2   

Unlikliest Win Streak
justme
Prize: 0.2

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November 08, 2014, 04:20:08 AM
 #1955

2014-11-07   leader board winners

Most Won
Throne
Prize: 0.2   

Most Profit
leen
Prize: 0.2   

Unlikliest Win
leen
Prize: 0.2   

Longest Win Streak
leen
Prize: 0.2   

Unlikliest Win Streak
justme
Prize: 0.2

wow congrats for the winner
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November 08, 2014, 05:22:57 AM
 #1956

2014-11-07   leader board winners

Most Won
Throne
Prize: 0.2   

Most Profit
leen
Prize: 0.2   

Unlikliest Win
leen
Prize: 0.2   

Longest Win Streak
leen
Prize: 0.2   

Unlikliest Win Streak
justme
Prize: 0.2
Geeze it looks like that leen made a lot of money, but not without also having a bad luck streak.

Congratulations
dooglus
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November 08, 2014, 07:13:23 AM
 #1957

2014-11-07   leader board winners

Most Won
Throne
Prize: 0.2   

Most Profit
leen
Prize: 0.2   

Unlikliest Win
leen
Prize: 0.2   

Longest Win Streak
leen
Prize: 0.2   

Unlikliest Win Streak
justme
Prize: 0.2
Geeze it looks like that leen made a lot of money, but not without also having a bad luck streak.

Congratulations

I set 3 of the 5 records at one point yesterday (the 2nd day of the new SD), but lost them all before the end of the day. leen took one of them I'm sure - he seems to be enjoying the leaderboard contests.

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November 09, 2014, 05:39:58 AM
 #1958

Hypothetically lets say we had a bankroll supporting a 2000BTC bet on 50/50 chance. Imagine your affiliate earnings if the player looses the bet. On that particular bet, you would get a huge reward risking 0 BTC.

I think you mean "Risking getting your 0'd, and for all intents and purposes made useless regardless of its previous balance and other people you have referred" ?

I asked the same thing, but didn't really get an answer:

On that particular bet, you would get a huge reward risking 0 BTC.

If it was "risking 0 BTC" then that's fine. But that's not how it works is it?

I think they mean that if you refer from an account with a zero balance, then it's zero risk. But then they're not clear about how many accounts you're allowed to make, and how many of them are allowed to refer new accounts, so it's all very confusing.

If I had referred a few decent sized players from one account, I would be scared to refer anyone else from that account, in case they turned out to be a big winner. But I'd also be afraid to refer anyone from a new account, in case that was considered "abuse" and caused all my accounts to be closed.

We really need a clear statement about what is allowed and what isn't, because otherwise we have no idea how best to proceed, and it seems to be better to refer people to other sites instead, where they don't charge you for referring lucky players.

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November 09, 2014, 02:33:16 PM
 #1959

it seems to be better to refer people to other sites instead, where they don't charge you for referring lucky players.

That's probably true.

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November 09, 2014, 04:56:16 PM
 #1960

Not the same SatoshiDICE as many years before. It was a good time then.
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