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Topic: After 1 year of diversified bitcoin dice house bank investment we lost 32.46% - page 3. (Read 17733 times)

legendary
Activity: 1540
Merit: 1016
Why are you so sure that your peerbet is the best when there is still so many dice sites that have higher bankroll than you guys, like dadice for example or may be primedice. There are so many dice site that got higher bankroll lo houseedge and still you claim that you are the best for investment. It doesnt make any sense

huge bankroll had nothing to do with the annual return. There are many several things to consider , one of the thing is that the house edge for investor , house edge for players and the wagered ammount in the site. The turnover is actually what you will gain as a investor and it had nothing to do with the bankroll
Bankroll is definitely relevant. Actually because the BR is so relatively small at peerbet your expected return is relatively high since with 1 coin you will have a bigger percentage of the winnings (and losses.)

Since most sites allow investing on margin, bankroll shouldn't be used though but the "virtual bankroll" should be used. I tried to explain it before to OP but he seemed confused and I can't care too much to explain further. Without the "wagered" numbers it's unclear if the given numbers are correct but you should probably assume the "turnover / expected annual return" numbers are incorrect.

I see so bankroll is a definitive aspect for it too. Since you mentioned the wagered amount, I realized that there is none of it presented here and I do think that their is a flaw in the data since there is no formula presented here as well how do OP get the number of the annual return
legendary
Activity: 1876
Merit: 1289
DiceSites.com owner
Why are you so sure that your peerbet is the best when there is still so many dice sites that have higher bankroll than you guys, like dadice for example or may be primedice. There are so many dice site that got higher bankroll lo houseedge and still you claim that you are the best for investment. It doesnt make any sense

huge bankroll had nothing to do with the annual return. There are many several things to consider , one of the thing is that the house edge for investor , house edge for players and the wagered ammount in the site. The turnover is actually what you will gain as a investor and it had nothing to do with the bankroll
Bankroll is definitely relevant. Actually because the BR is so relatively small at peerbet your expected return is relatively high since with 1 coin you will have a bigger percentage of the winnings (and losses.)

Since most sites allow investing on margin, bankroll shouldn't be used though but the "virtual bankroll" should be used. I tried to explain it before to OP but he seemed confused and I can't care too much to explain further. Without the "wagered" numbers it's unclear if the given numbers are correct but you should probably assume the "turnover / expected annual return" numbers are incorrect.
legendary
Activity: 2870
Merit: 7490
Crypto Swap Exchange
When will you review DaDice
There are about 580BTC invested at their bankroll, so i think if it's worth to invest my money there ?

Their site is going very fast too
legendary
Activity: 1540
Merit: 1016
Why are you so sure that your peerbet is the best when there is still so many dice sites that have higher bankroll than you guys, like dadice for example or may be primedice. There are so many dice site that got higher bankroll lo houseedge and still you claim that you are the best for investment. It doesnt make any sense

huge bankroll had nothing to do with the annual return. There are many several things to consider , one of the thing is that the house edge for investor , house edge for players and the wagered ammount in the site. The turnover is actually what you will gain as a investor and it had nothing to do with the bankroll
legendary
Activity: 1834
Merit: 1008
Why are you so sure that your peerbet is the best when there is still so many dice sites that have higher bankroll than you guys, like dadice for example or may be primedice. There are so many dice site that got higher bankroll lo houseedge and still you claim that you are the best for investment. It doesnt make any sense
legendary
Activity: 896
Merit: 1000
Looking good Peerbet.org... Looking good.



yep yep the turnover seems amazing and i hope the casino can keep churning out profits like this Cheesy Keep going peerbet Tongue

If I understand the remark 2 correctly, the smaller the "bank turnover", the better it would be for the investors.
Regarding just the turnover figure, Peerbet is in fact ranked as the third among the four and it is not so amazing.

Quote
Bank turnover is how often an amount equal the house bank is bet. This is how often the investors edge should be realized. For example if a site has a 0.9% investors edge and it takes 23 days for the bank to be bet through, then investors should make 0.9% every 23 days. We tracking this over a rolling 90 days.
legendary
Activity: 1218
Merit: 1000
Looking good Peerbet.org... Looking good.



yep yep the turnover seems amazing and i hope the casino can keep churning out profits like this Cheesy Keep going peerbet Tongue
hero member
Activity: 663
Merit: 500
legendary
Activity: 1218
Merit: 1000
Just to get the word out, (James feel free to delete if you feel it's the wrong place)

We are in the process of removing (or rather, replacing) Hunter Coin. This is due to the inability to get the HUC wallet to work consistently and, it's rather low market cap, as well as limited use on PeerBet.org.

Over the course of the next several weeks, we will also be replacing the following coins as they don't have a sizeable amount of play on Bit777.com or PeerBet.org and also suffer from a rather weak market cap
- PrimeCoin (XPM)
- NameCoin (NMC)
- FeatherCoin (FTC)


Users on PeerBet.org will, of course, be able to divest from the bankroll and withdrawal for an indefinite amount of time after an alt-coin is deprecated!

That will leave the constant coins to the following
Bitcoin
LiteCoin
DogeCoin
DashCoin
PeerCoin


Have an idea on what new alt-coins we should bring online?!? Chime in https://bitcointalksearch.org/topic/m.11133815

nice business move, hopefully we will see the site expand further as currently im keepin gup with OP's investments and it seems the site is extremely profitable atm Cheesy
legendary
Activity: 1833
Merit: 1030
Just to get the word out, (James feel free to delete if you feel it's the wrong place)

We are in the process of removing (or rather, replacing) Hunter Coin. This is due to the inability to get the HUC wallet to work consistently and, it's rather low market cap, as well as limited use on PeerBet.org.

Over the course of the next several weeks, we will also be replacing the following coins as they don't have a sizeable amount of play on Bit777.com or PeerBet.org and also suffer from a rather weak market cap
- PrimeCoin (XPM)
- NameCoin (NMC)
- FeatherCoin (FTC)


Users on PeerBet.org will, of course, be able to divest from the bankroll and withdrawal for an indefinite amount of time after an alt-coin is deprecated!

That will leave the constant coins to the following
Bitcoin
LiteCoin
DogeCoin
DashCoin
PeerCoin


Have an idea on what new alt-coins we should bring online?!? Chime in https://bitcointalksearch.org/topic/m.11133815
legendary
Activity: 2436
Merit: 1561
Updated the figures

http://www.bitcoin-dice-guide.com/dice-investment-comparison/

PRC now pay them-self 0.25% of turnover commission from the bank no matter if investors profit or loss. If investors have a loosing month to bettors they will then lose even more by paying PRC commission on turnover. Where as most sites only take a commission from their investors when they win.

PRC did announce that well in advance and clearly said they were not looking for more investments, as the max bet is already too high.
So yeah, the fee seems pretty high, but if anyone is not happy with it he could divest/withdraw before 1 April.

Also the 0.75% investors edge is 0.15% less than the standard 0.9% so you can expect to make less per bank turnover on PRC than other places but if PRCs bank turns over more often than other places that would make up for it.

...

And that's probably why there was no massive escape of investment.
full member
Activity: 180
Merit: 100
Updated the figures

http://www.bitcoin-dice-guide.com/dice-investment-comparison/

PRC now pay them-self 0.25% of turnover commission from the bank no matter if investors profit or loss. If investors have a loosing month to bettors they will then lose even more by paying PRC commission on turnover. Where as most sites only take a commission from their investors when they win.

Also the 0.75% investors edge is 0.15% less than the standard 0.9% so you can expect to make less per bank turnover on PRC than other places but if PRCs bank turns over more often than other places that would make up for it.

I asked to withdraw my investment from Win88 as there is no point having a bunch of ? on the table. Chat support could not do it but they said admin to do it "soon".

I finally got around to reviewing Primedice and by golly its the best dice site I have ever seen! Beautiful design, fantastic auto-bet bot, near instant transactions, long history of trouble free operation. Everything works perfectly and is intuitive. The only problem is they don't have investment and max bet of ฿20 is a bit small, but if you want to play rather than invest go directly to Primedice, do not pass go and do not pay 200 clams.
full member
Activity: 180
Merit: 100
All figures are updated again Smiley http://www.bitcoin-dice-guide.com/dice-investment-comparison/

Not much change on the table but Win88 did tell me my balance and it puts them back at number 1 but they don't get to go there since I still cant see it on the site.

Big changes coming up to the way Pocket Rocket Casino pays commission, the change has not started yet so I am not fully across it, perhaps Dean or someone cares to explain?

Wherever we have the option we set our investment to 1X Kelly as that seems the closet thing to a "standard" nowadays.

I went to Dicenow and there was a ball of tumbleweed blowing across it, seems to be kind of deserted. 6 months ago admin told me they were building version 2. IDK but other sites are changing and innovating but Dice now seem to be stuck in neutral and getting very little use.

Peace out.


legendary
Activity: 2436
Merit: 1561

Thanks for update.

Excluding those 3 scam sites, it adds up to 25.7% return for 5.5 months, not bad at all.

notsureifserious. Excluding the 53 games the New York Nicks have lost this season they are undefeated, not bad at all. amiright?  


Your NY Knicks is not a best comparison. It would work only if you've lost those 3 BTC during normal course of business (lucky players take your investment). But you got scammed.

Looking at your stats, I get the conclusion that investing in bankroll can be a good idea, providing you choose reliable site(s).

If your conclusion is that such investment is a mistake because you're unable to determine which site is trusted, then stop 'betting on the Knicks' and withdraw what's left.
hero member
Activity: 1328
Merit: 563
MintDice.com | TG: t.me/MintDice

Thanks for update.

Excluding those 3 scam sites, it adds up to 25.7% return for 5.5 months, not bad at all.

notsureifserious. Excluding the 53 games the New York Nicks have lost this season they are undefeated, not bad at all. amiright? 

Are the bank turnover figures updated? While peerbet has a much longer turnover and a similar edge then the other 4 sites, it is surprising to see it gives you the highest return rate.

Yes bank turnover stats are up to date. The peerbet bank has just been having a good run (or Peerbet is faking numbers I guess, but I am not suggesting that)

I have nothing but great things to say about peerbet... other than their site could use some work but I think Tim is motivated to do that.

BBG... do you have some bad feelings about bitdice.me based on something you said earlier? or other concerns going forward about certain sites? or are you just trying to be neutral, not guessing and riding the ship as she goes?
full member
Activity: 180
Merit: 100

Thanks for update.

Excluding those 3 scam sites, it adds up to 25.7% return for 5.5 months, not bad at all.

notsureifserious. Excluding the 53 games the New York Nicks have lost this season they are undefeated, not bad at all. amiright?  

Are the bank turnover figures updated? While peerbet has a much longer turnover and a similar edge then the other 4 sites, it is surprising to see it gives you the highest return rate.

Yes bank turnover stats are up to date. The peerbet bank has just been having a good run (or Peerbet is faking numbers I guess, but I am not suggesting that)
hero member
Activity: 882
Merit: 1000
Exhausted
Ladies and Gentlemen all stats are updated except Bitdice because I cant log in since the site upgrade and Winn88 because their investment page is not outputting my balance.

The news is the rise and rise of Peerbet has continued taking them to the top of the leader board for best return making them the 3rd site to make it there after Win88 and Pocket Rocket Casino.

In a nice development 3 out of 4 sites that did not scam me and have the relevant figures available are performing in line with expected annual returns Smiley

I have added another non investment operator to the reviews, that being FortuneJack who I recon are pretty good for a roll, more info here http://bitcoin-dice-guide.com/bitcoin-dice-reviews/



Are the bank turnover figures updated? While peerbet has a much longer turnover and a similar edge then the other 4 sites, it is surprising to see it gives you the highest return rate.
legendary
Activity: 1833
Merit: 1030
Woo hoo!!

Wait till our next version of PeerBet.org is launched!

legendary
Activity: 2436
Merit: 1561

Thanks for update.

Excluding those 3 scam sites, it adds up to 25.7% return for 5.5 months, not bad at all. I hope you'll turn to overall profit soon.
hero member
Activity: 1328
Merit: 563
MintDice.com | TG: t.me/MintDice
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