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OpenTalkLab
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October 12, 2016, 02:03:08 AM |
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Some big wins just now, 76 Bitcoin bet!  Congrats to winner ! Really nice win ! |
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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BetKing.io
Legendary
 Offline
Activity: 1400
Merit: 1021
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October 13, 2016, 12:52:46 PM |
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A new player up over 6 Bitcoin in the past week. Consistent small wins daily   |
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autada
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October 13, 2016, 01:08:28 PM |
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Some big wins just now, 76 Bitcoin bet! I worry about this guy, he will be broke if he bet so big and get losing streak.   Doubtful he probably has 6500+ btc 6500+BTC, how do you know? If i were him, I would never gamble because I have 6500 btc, I can afford anything, even a small jet. |
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arseaboy
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October 14, 2016, 05:59:21 PM |
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Wow!!! That's good prize! I might play again on this site since you're backed up again. Hope I can win more than 6500+ btc.  |
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lite
Legendary
Offline
Activity: 1400
Merit: 1009
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October 14, 2016, 06:53:53 PM |
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I worry about this guy, he will be broke if he bet so big and get losing streak. I think he's the same guy who lost 1k btc, playing on different accounts? I worry about this guy, he will be broke if he bet so big and get losing streak. Doubtful he probably has 6500+ btc 6500+BTC, how do you know? If i were him, I would never gamble because I have 6500 btc, I can afford anything, even a small jet. If i had that kind of btc i wouldn't bet big lol, i'll bet small amounts probably lower than .5 btc.  |
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casinobonusgiveaway
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October 15, 2016, 05:50:59 AM |
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I worry about this guy, he will be broke if he bet so big and get losing streak. I think he's the same guy who lost 1k btc, playing on different accounts? I worry about this guy, he will be broke if he bet so big and get losing streak. Doubtful he probably has 6500+ btc 6500+BTC, how do you know? If i were him, I would never gamble because I have 6500 btc, I can afford anything, even a small jet. If i had that kind of btc i wouldn't bet big lol, i'll bet small amounts probably lower than .5 btc. Me too, bet small for fun, loss is tiny to me. Or don't gamble, just enjoy my life, beach, villa, bikini, lambo.  |
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BetKing.io
Legendary
Offline
Activity: 1400
Merit: 1021
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October 17, 2016, 10:15:34 PM |
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Our bankroll is now over 6200 Bitcoin with a max profit in a single roll 246 Bitcoin!
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Persepolis
Newbie
Offline
Activity: 32
Merit: 0
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October 17, 2016, 10:19:54 PM |
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Our bankroll is now over 6200 Bitcoin with a max profit in a single roll 246 Bitcoin!
Why was the decision made to limit investments to 4x Kelly? |
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Bitspenser
Member
Offline
Activity: 92
Merit: 10
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October 17, 2016, 10:22:05 PM |
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Our bankroll is now over 6200 Bitcoin with a max profit in a single roll 246 Bitcoin!
Why was the decision made to limit investments to 4x Kelly? I'd like to know this too. I liked my 5x Kelly investment, and I think it should still be offered as people should know about the risks by doing that and maybe want greater risk for greater reward. |
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win win win
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October 18, 2016, 12:20:11 AM |
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yeah 5x investment was good, But 25x is better. Just make it customisable to each investor. Then advertise to asian markets, Then boom you have some whale betting half a million dollars, The media coverage you get from that BTCBTCBTCBTCBTCBTCBTCBTCBTC aooooooooooweeeeeeeeeeee!
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Erza
Legendary
Offline
Activity: 1078
Merit: 1000
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October 18, 2016, 12:36:29 AM |
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Our bankroll is now over 6200 Bitcoin with a max profit in a single roll 246 Bitcoin!
Why was the decision made to limit investments to 4x Kelly? I guess they dont limit it to 4x kelly but they lower it to 4x kelly but still you can invest on 5x kelly or more if they have this thing. Usually people tend to play at 5x kelly to get more in return |
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maku
Legendary
Offline
Activity: 1288
Merit: 1000
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October 18, 2016, 01:21:20 AM |
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Congrats to winner ! Really nice win !
About this guy who won 76 BTC - but people are noticing only the highest win a streak, but I counted total win/loss from that screen alone. So before that big win, lost 123 BTC and he was on a losing streak, then he probably got angry and decided to go high. |
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win win win
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October 18, 2016, 01:23:50 AM |
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Our bankroll is now over 6200 Bitcoin with a max profit in a single roll 246 Bitcoin!
Why was the decision made to limit investments to 4x Kelly? I guess they dont limit it to 4x kelly but they lower it to 4x kelly but still you can invest on 5x kelly or more if they have this thing. Usually people tend to play at 5x kelly to get more in return I don't understand? or you don't understand? You don't have an account? 6200*4*.01= 248 But imagine if everyone was at 25x.............. BTC1550 That's where the fun starts.... $1mil What is the biggest bet ever on dice? |
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BetKing.io
Legendary
Offline
Activity: 1400
Merit: 1021
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October 19, 2016, 05:10:00 PM |
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Our bankroll is now over 6200 Bitcoin with a max profit in a single roll 246 Bitcoin!
Why was the decision made to limit investments to 4x Kelly? I guess they dont limit it to 4x kelly but they lower it to 4x kelly but still you can invest on 5x kelly or more if they have this thing. Usually people tend to play at 5x kelly to get more in return I don't understand? or you don't understand? You don't have an account? 6200*4*.01= 248 But imagine if everyone was at 25x.............. BTC1550 That's where the fun starts.... $1mil What is the biggest bet ever on dice? You can win up to 4% of the house bankroll, and after you factor in the commissions taken, it ends up being much more than 4x kelly. It's an interesting situation. The highest wagers can be made at BetKing because of how it's setup and because Dean has been trustworthy with the funds. It allows Betking to have an amazing amount of volume (despite a small amount of total bets) and attracts the largest whales, but the variance for investors is incredibly high. Luckily it has performed extremely well above its expectation. Over-leveraging and a bit of a lucky streak from a whale could obliterate the site, so imo it's fine enough where it's currently set. I actually will probably reduce it again soon. We want to maintain the largest max bet in the business but there's no need for larger risk. The leverage system was great to give people the option of only putting a small amount of Bitcoin on the site and so not need to trust me with all their coins but no one used it for that, they want the largest share of bankroll so put all their money on 10x anyway! |
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win win win
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October 20, 2016, 05:28:54 AM |
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Our bankroll is now over 6200 Bitcoin with a max profit in a single roll 246 Bitcoin!
Why was the decision made to limit investments to 4x Kelly? I guess they dont limit it to 4x kelly but they lower it to 4x kelly but still you can invest on 5x kelly or more if they have this thing. Usually people tend to play at 5x kelly to get more in return I don't understand? or you don't understand? You don't have an account? 6200*4*.01= 248 But imagine if everyone was at 25x.............. BTC1550 That's where the fun starts.... $1mil What is the biggest bet ever on dice? You can win up to 4% of the house bankroll, and after you factor in the commissions taken, it ends up being much more than 4x kelly. It's an interesting situation. The highest wagers can be made at BetKing because of how it's setup and because Dean has been trustworthy with the funds. It allows Betking to have an amazing amount of volume (despite a small amount of total bets) and attracts the largest whales, but the variance for investors is incredibly high. Luckily it has performed extremely well above its expectation. Over-leveraging and a bit of a lucky streak from a whale could obliterate the site, so imo it's fine enough where it's currently set. I actually will probably reduce it again soon. We want to maintain the largest max bet in the business but there's no need for larger risk. The leverage system was great to give people the option of only putting a small amount of Bitcoin on the site and so not need to trust me with all their coins but no one used it for that, they want the largest share of bankroll so put all their money on 10x anyway! I used it for exactly that reason and the same with justdice to diversify my total investment in bitcoins, But I might be a outlier. It's a shame other investors need to be nannied and ruin it for the rest of us. |
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ranlo
Legendary
Offline
Activity: 1974
Merit: 1007
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October 20, 2016, 05:36:10 AM |
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Our bankroll is now over 6200 Bitcoin with a max profit in a single roll 246 Bitcoin!
Why was the decision made to limit investments to 4x Kelly? I guess they dont limit it to 4x kelly but they lower it to 4x kelly but still you can invest on 5x kelly or more if they have this thing. Usually people tend to play at 5x kelly to get more in return I don't understand? or you don't understand? You don't have an account? 6200*4*.01= 248 But imagine if everyone was at 25x.............. BTC1550 That's where the fun starts.... $1mil What is the biggest bet ever on dice? You can win up to 4% of the house bankroll, and after you factor in the commissions taken, it ends up being much more than 4x kelly. It's an interesting situation. The highest wagers can be made at BetKing because of how it's setup and because Dean has been trustworthy with the funds. It allows Betking to have an amazing amount of volume (despite a small amount of total bets) and attracts the largest whales, but the variance for investors is incredibly high. Luckily it has performed extremely well above its expectation. Over-leveraging and a bit of a lucky streak from a whale could obliterate the site, so imo it's fine enough where it's currently set. I actually will probably reduce it again soon. We want to maintain the largest max bet in the business but there's no need for larger risk. The leverage system was great to give people the option of only putting a small amount of Bitcoin on the site and so not need to trust me with all their coins but no one used it for that, they want the largest share of bankroll so put all their money on 10x anyway! Actually had this discussion with someone a couple days ago. The issue with variable kelly is some (dare I say most) are going to go max. because the risk of ruin is still low, so those who wouldn't go max. end up doing it so they won't be diluted. It's a vicious cycle. And this is coming from someone who absolutely, 100%, every time goes max. I trust the math in the long run. |
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NLNico
Legendary
Offline
Activity: 1876
Merit: 1289
DiceSites.com owner
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October 20, 2016, 05:37:29 AM |
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I personally think most people just trust a site owner with a X amount of coins. Then they would just put it on the highest kelly as possible. For sites with a smaller BR, this means a high kelly is probably great to allow slightly bigger players. If a big player wins, personally I would still add some extra funds back to the site in that situation. For sites with a bigger BR, this means a high kelly is just gonna make insane high max profits and potentially risky situations (because investor probably trusts the site with a bigger % of his own personal BR - making max profit bets more risky for that investor.) Also those risk situations should "almost never" happen (because max profit is so high), making it more appealing for investors. Don't know if that makes sense  and is different per person, but def true for me. Statistically almost everyone put their coins on highest kelly too. |
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BillyBurns
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October 20, 2016, 05:59:40 AM |
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I've always thought the higher the kelly the better, since investors can risk less by depositing on site but still have the same exposure for ex as 5x, they might have to reload funds if they lose but less coins at risk.
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Karartma1
Legendary
Offline
Activity: 2310
Merit: 1422
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October 20, 2016, 06:15:44 AM |
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I personally think most people just trust a site owner with a X amount of coins. Then they would just put it on the highest kelly as possible. For sites with a smaller BR, this means a high kelly is probably great to allow slightly bigger players. If a big player wins, personally I would still add some extra funds back to the site in that situation. For sites with a bigger BR, this means a high kelly is just gonna make insane high max profits and potentially risky situations (because investor probably trusts the site with a bigger % of his own personal BR - making max profit bets more risky for that investor.) Also those risk situations should "almost never" happen (because max profit is so high), making it more appealing for investors. Don't know if that makes sense and is different per person, but def true for me. Statistically almost everyone put their coins on highest kelly too. I've started investing on Betking and I was wondering why I couldn't change the Kelly value: after doing some research I've found out why. I completely agree with you. I think I would have started way more than 4x if I could have had such a possibility. After some weeks of investment and following site stats I agree that's a good value on the long run. |
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