SatoshiDICE_PR
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November 07, 2014, 12:02:31 AM |
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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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dooglus
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November 07, 2014, 12:07:40 AM |
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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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Just-Dice | ██ ██████████ ██████████████████ ██████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████ ██████████████ ██████ | Play or Invest | ██ ██████████ ██████████████████ ██████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████ ██████████████ ██████ | 1% House Edge |
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dooglus
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November 07, 2014, 12:10:58 AM |
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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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Just-Dice | ██ ██████████ ██████████████████ ██████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████ ██████████████ ██████ | Play or Invest | ██ ██████████ ██████████████████ ██████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████ ██████████████ ██████ | 1% House Edge |
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SatoshiDICE_PR
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November 07, 2014, 12:25:15 AM |
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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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dooglus
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November 07, 2014, 12:32:04 AM Last edit: November 09, 2014, 05:36:13 AM by dooglus |
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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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Just-Dice | ██ ██████████ ██████████████████ ██████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████ ██████████████ ██████ | Play or Invest | ██ ██████████ ██████████████████ ██████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████ ██████████████ ██████ | 1% House Edge |
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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 |
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Congrats to the leaderboard winners! Most WonThrone Prize: 0.2 Most ProfitThrone Prize: 0.2 Unlikliest Winleen Prize: 0.2 Longest Win Streakleen Prize: 0.2 Unlikliest Win StreakRND03329 Prize: 0.1
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Dabs
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The Concierge of Crypto
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November 07, 2014, 03:06:03 AM |
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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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yenzae0215
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November 07, 2014, 08:46:02 AM |
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site having problem right now? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif)
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Banned**
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CoinFoxs
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PredX - AI-Powered Prediction Market
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November 07, 2014, 09:25:45 AM |
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Yesterday I won 0.05 BTC From 0.0001 BTC ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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rohanpandit1992
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November 07, 2014, 10:54:05 AM |
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hello is 0.01 promotion is still alive if yes please tell me how to get it
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CoinFoxs
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PredX - AI-Powered Prediction Market
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November 07, 2014, 11:02:00 AM |
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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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rohanpandit1992
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November 07, 2014, 05:06:44 PM |
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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 |
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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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SatoshiDICE_PR
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November 08, 2014, 03:57:45 AM |
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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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goco
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November 08, 2014, 04:20:08 AM |
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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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alice chan
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November 08, 2014, 05:22:57 AM |
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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
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dooglus
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November 08, 2014, 07:13:23 AM |
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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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Just-Dice | ██ ██████████ ██████████████████ ██████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████ ██████████████ ██████ | Play or Invest | ██ ██████████ ██████████████████ ██████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████ ██████████████ ██████ | 1% House Edge |
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dooglus
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November 09, 2014, 05:39:58 AM |
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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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Just-Dice | ██ ██████████ ██████████████████ ██████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████ ██████████████ ██████ | Play or Invest | ██ ██████████ ██████████████████ ██████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████ ██████████████ ██████ | 1% House Edge |
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Dabs
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November 09, 2014, 02:33:16 PM |
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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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LOBSTER
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November 09, 2014, 04:56:16 PM |
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Not the same SatoshiDICE as many years before. It was a good time then.
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