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Topic: BetKing.io - 20% Rakeback Christmas Bonus - Most trusted Bitcoin Dice site - page 33. (Read 194693 times)

member
Activity: 89
Merit: 10
Your Friend
is any one of you affiliate in betking?
Yes, referred bit over 500 players here. Most didn't wager any money though, lol (eg: I only referred around 25 players where I earned at least a dollar lol.)

It all depends if you get lucky referring a highroller. I didn't really refer any whale yet, but some medium players can still add up to some decent profits hehe Smiley

better stay away form gambling with this luck Smiley
legendary
Activity: 1717
Merit: 1125
is any one of you affiliate in betking?
Yes, referred bit over 500 players here. Most didn't wager any money though, lol (eg: I only referred around 25 players where I earned at least a dollar lol.)

It all depends if you get lucky referring a highroller. I didn't really refer any whale yet, but some medium players can still add up to some decent profits hehe Smiley
Ditto
legendary
Activity: 1876
Merit: 1295
DiceSites.com owner
is any one of you affiliate in betking?
Yes, referred bit over 500 players here. Most didn't wager any money though, lol (eg: I only referred around 25 players where I earned at least a dollar lol.)

It all depends if you get lucky referring a highroller. I didn't really refer any whale yet, but some medium players can still add up to some decent profits hehe Smiley
legendary
Activity: 1043
Merit: 1032
★Bitcoin Gambling Reviews★
newbie
Activity: 32
Merit: 0
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!





Would you at all consider upping it for large investors? (people who could sign  transaction showing they have 100+BTC, etc...
sr. member
Activity: 429
Merit: 263
is any one of you affiliate in betking?

I'm not I'm a chat mod on the site tho.
member
Activity: 89
Merit: 10
Your Friend
is any one of you affiliate in betking?
sr. member
Activity: 429
Merit: 263
do you know how I can get an affilate link?

i sent them email 2 time and still no answer after 3 days

thank you
"To become an affiliate you must have a high traffic website or social media profile.  If you would like to be an affiliate email support by clicking the red help button below."
that is in their website, if you already send the email now you have to wait.

Thanks for taking the time and helping out with the reply Smiley
sr. member
Activity: 350
Merit: 250
do you know how I can get an affilate link?

i sent them email 2 time and still no answer after 3 days

thank you
"To become an affiliate you must have a high traffic website or social media profile.  If you would like to be an affiliate email support by clicking the red help button below."
that is in their website, if you already send the email now you have to wait.
member
Activity: 89
Merit: 10
Your Friend
do you know how I can get an affilate link?

i sent them email 2 time and still no answer after 3 days

thank you
newbie
Activity: 6
Merit: 0
Your 3rd party verifier in the OP links to /pocketrocketscasino/verifier rather than /betking/verifier.
Please fix.
sr. member
Activity: 429
Merit: 263
Hi!

Want to try betking Smiley
What is the max profit per bet?

Around 250 bitcoin, good luck.
legendary
Activity: 1400
Merit: 1021
Hi!

Want to try betking Smiley
What is the max profit per bet?

249.7 Bitcoin Wink good luck
full member
Activity: 178
Merit: 100
Hi!

Want to try betking Smiley
What is the max profit per bet?
legendary
Activity: 2310
Merit: 1422
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 Tongue 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.
sr. member
Activity: 429
Merit: 263
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.
legendary
Activity: 1876
Merit: 1295
DiceSites.com owner
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 Tongue and is different per person, but def true for me. Statistically almost everyone put their coins on highest kelly too.
legendary
Activity: 1988
Merit: 1007
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.
sr. member
Activity: 277
Merit: 255
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.
legendary
Activity: 1400
Merit: 1021
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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