BetKing.io - 20% Rakeback Christmas Bonus - Most trusted Bitcoin Dice site - page 70.

mirana12345

hero member

Activity: 630

Merit: 500

PM me to buy traffic for your site!

Quote from: BetKing.io on December 17, 2015, 01:10:54 PM

Thinking of adding a faucet back on the site.

Any interest in this?

Having faucet on the site is always a good idea, just make sure you have well organised leveling so that you can prevent faucet abusers
that will give you nothing but spam bets and negative profits.

Are payouts automatic or manually processed now btw ?

BetKing.io

legendary

Activity: 1400

Merit: 1021

Giving away free Bitcoin.
Check this thread for details on how to claim https://bitcointalksearch.org/topic/free-001-bitcoin-to-play-at-betkingio-1293224
gl

BetKing.io

legendary

Activity: 1400

Merit: 1021

Thinking of adding a faucet back on the site.

Any interest in this?

BetKing.io

legendary

Activity: 1400

Merit: 1021

Started a new blog on BetKing.io/blog

First post covers the rebranding of PRC, VIP bonus promo, affiliate program and future plans.

https://betking.io/blog/2015/12/16/This-Week-In-Bet-King-1

Each week I'll do a recap of changes, news and promos.

BetKing.io

legendary

Activity: 1400

Merit: 1021

Quote from: BetKing.io on December 14, 2015, 10:41:36 AM

Festive Bonus:
For the whole of December every player at https://BetKing.io will be upgraded to Gold VIP level!

Every bet you make will get you massive rake back bonus. Check out https://BetKing.io/vip for more details

This is for all existing and any new accounts.

Good luck

Note that you will still in Gold or Silver in January if you meet the normal wager requirements for December.
Your vip points do not expire and can be traded for Bitcoin at any time.

shulio

legendary

Activity: 1540

Merit: 1016

Quote from: mrcashking on December 15, 2015, 03:38:13 AM

Quote from: BetKing.io on December 14, 2015, 02:42:14 PM

At BetKing there is no time limit, your VIP points never expire and with this promo you are Gold for the rest of the month

so this will last only for a month and users will be back to bronze then ? could be better if it was forever though.

Promo doesnt mean to be last forever and if it last forever then there is no point to make a different percentage of rakeback as well as tier anymore. Those who wagered often and more then the others deserve to get more and that is normal

mrcashking

hero member

Activity: 700

Merit: 500

Quote from: BetKing.io on December 14, 2015, 02:42:14 PM

At BetKing there is no time limit, your VIP points never expire and with this promo you are Gold for the rest of the month

so this will last only for a month and users will be back to bronze then ? could be better if it was forever though.

Quote from: BetKing.io on December 14, 2015, 02:42:14 PM

Also, I cancelled my partnership with MoneyPot, it was announced last week in this thread and theirs. The deal would not have been good for me or my existing investors.

This is some caring towards investors and it's also nice for your casino cause the independent identity is always respected and valued.

JackpotRacer

legendary

Activity: 1974

Merit: 1014

All Games incl Racer and Lottery game are Closed

Quote from: BetKing.io on December 14, 2015, 03:28:26 PM

Quote from: JackpotRacer on December 14, 2015, 03:08:35 PM

[quote author=BetKing.io link=topic=910134.msg13248149#msg13248149

Also, I cancelled my partnership with MoneyPot, it was announced last week in this thread and theirs. The deal would not have been good for me or my existing investors.

and you did not know this before hand? we knew it you didn't?

anyway you did a wise decision

best of luck

You wouldn't have known what I had planned and how the company would have worked.
However, yes, after a lot of discussion it was evident that I was bringing more to the table with little benefit.

As mentioned a long time ago though, Bet King will provide a similar service in the future so stay tuned.

[/quote]

really very eager to see the start of your version

and "similar" is not enough it must be better

best of luck

BetKing.io

legendary

Activity: 1400

Merit: 1021

Quote from: JackpotRacer on December 14, 2015, 03:08:35 PM

[quote author=BetKing.io link=topic=910134.msg13248149#msg13248149

Also, I cancelled my partnership with MoneyPot, it was announced last week in this thread and theirs. The deal would not have been good for me or my existing investors.

and you did not know this before hand? we knew it you didn't?

anyway you did a wise decision

best of luck
[/quote]

You wouldn't have known what I had planned and how the company would have worked.
However, yes, after a lot of discussion it was evident that I was bringing more to the table with little benefit.

As mentioned a long time ago though, Bet King will provide a similar service in the future so stay tuned.

JackpotRacer

legendary

Activity: 1974

Merit: 1014

All Games incl Racer and Lottery game are Closed

[quote author=BetKing.io link=topic=910134.msg13248149#msg13248149

Also, I cancelled my partnership with MoneyPot, it was announced last week in this thread and theirs. The deal would not have been good for me or my existing investors.

[/quote]

and you did not know this before hand? we knew it you didn't?

anyway you did a wise decision

best of luck

BetKing.io

legendary

Activity: 1400

Merit: 1021

Quote from: DarkDays on December 14, 2015, 12:41:52 PM

Quote from: BetKing.io on December 14, 2015, 10:57:38 AM

Quote from: santa_marta on December 14, 2015, 10:52:19 AM

Quote from: BetKing.io on December 14, 2015, 10:41:36 AM

Festive Bonus:
For the whole of December every player at https://BetKing.io will be upgraded to Gold VIP level!

Every bet you make will get you massive rake back bonus. Check out https://BetKing.io/vip for more details

This is for all existing and any new accounts.

Good luck

so I need to wager 33,3 Bitcoin to get 0.025 ? That is not really a "massive rake back bonus". It is 0,07%.

It's actually 7% as you're not thinking of the edge.
That's only for that specific prize.

If you wager 1000 you will get 1.45 Bitcoin in bonuses which is almost 15% rake back.
If you were going to play anywhere anyway then why would you not choose a site that gives you money back?

To be fair, one of your competitors has a standard weekly rakeback promo where 1000BTC wagered gets back 2.4BTC. Also that site is also on your (new) network. If you want to be tops in the industry, you should offer 25%+.

I'm aware of their promo and it is actually a little different. First off you need to wager x amount within 1 week over there. At BetKing there is no time limit, your VIP points never expire and with this promo you are Gold for the rest of the month so you can take the whole month to wager 1000 if you like. There's no race style promo on BetKing.io. Even if you wager far less you will still have those points moving in to new year for you to spend any time.

Also, I cancelled my partnership with MoneyPot, it was announced last week in this thread and theirs. The deal would not have been good for me or my existing investors.

DarkDays

legendary

Activity: 2030

Merit: 1189

Quote from: santa_marta on December 14, 2015, 11:38:20 AM

Quote

I hope this help clarify things better. The rake bonus is from the the amount of the house edge for every wagered btc so the 14.5 % rake bonus actually only comes from the house edge amount . If you read once again from Dean explanation then you will probably understand it better.

i understand - what I am trying to explain is this sentence

Quote

If you wager 1000 you will get 1.45 Bitcoin in bonuses which is almost 15% rake back.

which is incorect

If you wager 1000 you will get 1.45 Bitcoin in bonuses which is almost 0,15% betback

is the correct version

also this is wrong

Quote

It's actually 7% as you're not thinking of the edge

it should be 0,2%

You are saying "betback", he is saying "rakeback". .15% backback = 15% rakeback because the rake (another way of saying 'house edge') is 1%. Math!

DarkDays

legendary

Activity: 2030

Merit: 1189

Quote from: BetKing.io on December 14, 2015, 10:57:38 AM

Quote from: santa_marta on December 14, 2015, 10:52:19 AM

Quote from: BetKing.io on December 14, 2015, 10:41:36 AM

Festive Bonus:
For the whole of December every player at https://BetKing.io will be upgraded to Gold VIP level!

Every bet you make will get you massive rake back bonus. Check out https://BetKing.io/vip for more details

This is for all existing and any new accounts.

Good luck

so I need to wager 33,3 Bitcoin to get 0.025 ? That is not really a "massive rake back bonus". It is 0,07%.

It's actually 7% as you're not thinking of the edge.
That's only for that specific prize.

If you wager 1000 you will get 1.45 Bitcoin in bonuses which is almost 15% rake back.
If you were going to play anywhere anyway then why would you not choose a site that gives you money back?

To be fair, one of your competitors has a standard weekly rakeback promo where 1000BTC wagered gets back 2.4BTC. Also that site is also on your (new) network. If you want to be tops in the industry, you should offer 25%+.

BetKing.io

legendary

Activity: 1400

Merit: 1021

Quote from: shulio on December 14, 2015, 11:43:34 AM

Quote from: santa_marta on December 14, 2015, 11:38:20 AM

Quote

I hope this help clarify things better. The rake bonus is from the the amount of the house edge for every wagered btc so the 14.5 % rake bonus actually only comes from the house edge amount . If you read once again from Dean explanation then you will probably understand it better.

i understand - what I am trying to explain is this sentence

Quote

If you wager 1000 you will get 1.45 Bitcoin in bonuses which is almost 15% rake back.

which is incorect

If you wager 1000 you will get 1.45 Bitcoin in bonuses which is almost 0,15% betback

is the correct version

also this is wrong

Quote

It's actually 7% as you're not thinking of the edge

it should be 0,2%

It can be also change into a better sentences it should 15 % rake back from the house edge if Dean want to keep using that 15 % number or change it into 0.15 % straight rake back

But if you wager 1000 Bitcoin you don't pay 150 in rake.
No casino would ever be able to pay 150 for every 1000 wagered with an expected profit of 10 Bitcoin.

Santa_marta seems to think that 1000 is raked.

shulio

legendary

Activity: 1540

Merit: 1016

Quote from: santa_marta on December 14, 2015, 11:38:20 AM

Quote

I hope this help clarify things better. The rake bonus is from the the amount of the house edge for every wagered btc so the 14.5 % rake bonus actually only comes from the house edge amount . If you read once again from Dean explanation then you will probably understand it better.

i understand - what I am trying to explain is this sentence

Quote

If you wager 1000 you will get 1.45 Bitcoin in bonuses which is almost 15% rake back.

which is incorect

If you wager 1000 you will get 1.45 Bitcoin in bonuses which is almost 0,15% betback

is the correct version

also this is wrong

Quote

It's actually 7% as you're not thinking of the edge

it should be 0,2%

It can be also change into a better sentences it should 15 % rake back from the house edge if Dean want to keep using that 15 % number or change it into 0.15 % straight rake back

santa_marta

full member

Activity: 154

Merit: 100

Quote

I hope this help clarify things better. The rake bonus is from the the amount of the house edge for every wagered btc so the 14.5 % rake bonus actually only comes from the house edge amount . If you read once again from Dean explanation then you will probably understand it better.

i understand - what I am trying to explain is this sentence

Quote

If you wager 1000 you will get 1.45 Bitcoin in bonuses which is almost 15% rake back.

which is incorect

If you wager 1000 you will get 1.45 Bitcoin in bonuses which is almost 0,15% betback

is the correct version

also this is wrong

Quote

It's actually 7% as you're not thinking of the edge

it should be 0,2%

shulio

legendary

Activity: 1540

Merit: 1016

Quote from: santa_marta on December 14, 2015, 11:27:41 AM

Quote from: BetKing.io on December 14, 2015, 11:17:28 AM

Quote from: santa_marta on December 14, 2015, 11:07:29 AM

Quote from: BetKing.io on December 14, 2015, 11:02:51 AM

Quote from: santa_marta on December 14, 2015, 10:59:08 AM

Quote from: BetKing.io on December 14, 2015, 10:57:38 AM

Quote from: santa_marta on December 14, 2015, 10:52:19 AM

Quote from: BetKing.io on December 14, 2015, 10:41:36 AM

Festive Bonus:
For the whole of December every player at https://BetKing.io will be upgraded to Gold VIP level!

Every bet you make will get you massive rake back bonus. Check out https://BetKing.io/vip for more details

This is for all existing and any new accounts.

Good luck

so I need to wager 33,3 Bitcoin to get 0.025 ? That is not really a "massive rake back bonus". It is 0,07%.

It's actually 7% as you're not thinking of the edge.
That's only for that specific prize.

If you wager 1000 you will get 1.45 Bitcoin in bonuses which is almost 15% rake back.
If you were going to play anywhere anyway then why would you not choose a site that gives you money back?

So you are saying I only need to wager 0,35 to get 0.025. Maybe do the calculations again. Since 0,035 will give you 0,525 points and you need 50 points.

The house edge is 1%, you are getting 15% of the 1% back as that's rake.

¨

So say i gamble/wager 0,35 the rake is 0,0035 (1%) - from that I get 0,000525 (15%). From the vip program I will get 0,525 points which is ( converted from your VIP chart) 0.0002625 bitcoin. Which totals 0,0007875 bitcoin from 0,35 bet. That is 0,2%. Not 7%.

Not to mention there is not a word on any 15% rakeback from house edge on your site (or this topic for what its worth) so maybe you should add it in to keep players informed.

Quote

If you wager 1000 you will get 1.45 Bitcoin in bonuses which is almost 15% rake back.

1.45/1000=0,00145 * 100 = 0,145% that is not 15%.

Wager 1000 Bitcoin. The house edge is 1%. That means 10 Bitcoin rake.
Wager 1000 Bitcoin you wil get 1.45 Bitcoin in bonuses. Therefore 14.5% rake back.

It was a spur of the moment promotion so I will need to update homepage etc to show that it is running.

you dont seem to understand basic math.

If the rake back was 14.5% you would get 1000*0,145= 145 bitcoin.
What you get ( according to your website) is 1.5 bitcoin from VIP program and 1000*0,01=10*0,15=1,5 bitcoin from the rakeback program - i dont know if they are the same thing is it 1,5 only or 3?
Anyway
1,5 bitcoin from 1000 bitcoin is 0,15% not 15% not even 14,5%, 3 bitcoin is 0,30%

I hope this help clarify things better. The rake bonus is from the the amount of the house edge for every wagered btc so the 14.5 % rake bonus actually only comes from the house edge amount . If you read once again from Dean explanation then you will probably understand it better.

santa_marta

full member

Activity: 154

Merit: 100

Quote from: BetKing.io on December 14, 2015, 11:17:28 AM

Quote from: santa_marta on December 14, 2015, 11:07:29 AM

Quote from: BetKing.io on December 14, 2015, 11:02:51 AM

Quote from: santa_marta on December 14, 2015, 10:59:08 AM

Quote from: BetKing.io on December 14, 2015, 10:57:38 AM

Quote from: santa_marta on December 14, 2015, 10:52:19 AM

Quote from: BetKing.io on December 14, 2015, 10:41:36 AM

Festive Bonus:
For the whole of December every player at https://BetKing.io will be upgraded to Gold VIP level!

Every bet you make will get you massive rake back bonus. Check out https://BetKing.io/vip for more details

This is for all existing and any new accounts.

Good luck

so I need to wager 33,3 Bitcoin to get 0.025 ? That is not really a "massive rake back bonus". It is 0,07%.

It's actually 7% as you're not thinking of the edge.
That's only for that specific prize.

If you wager 1000 you will get 1.45 Bitcoin in bonuses which is almost 15% rake back.
If you were going to play anywhere anyway then why would you not choose a site that gives you money back?

So you are saying I only need to wager 0,35 to get 0.025. Maybe do the calculations again. Since 0,035 will give you 0,525 points and you need 50 points.

The house edge is 1%, you are getting 15% of the 1% back as that's rake.

¨

So say i gamble/wager 0,35 the rake is 0,0035 (1%) - from that I get 0,000525 (15%). From the vip program I will get 0,525 points which is ( converted from your VIP chart) 0.0002625 bitcoin. Which totals 0,0007875 bitcoin from 0,35 bet. That is 0,2%. Not 7%.

Not to mention there is not a word on any 15% rakeback from house edge on your site (or this topic for what its worth) so maybe you should add it in to keep players informed.

Quote

If you wager 1000 you will get 1.45 Bitcoin in bonuses which is almost 15% rake back.

1.45/1000=0,00145 * 100 = 0,145% that is not 15%.

Wager 1000 Bitcoin. The house edge is 1%. That means 10 Bitcoin rake.
Wager 1000 Bitcoin you wil get 1.45 Bitcoin in bonuses. Therefore 14.5% rake back.

It was a spur of the moment promotion so I will need to update homepage etc to show that it is running.

you dont seem to understand basic math.

If the rake back was 14.5% you would get 1000*0,145= 145 bitcoin.
What you get ( according to your website) is 1.5 bitcoin from VIP program and 1000*0,01=10*0,15=1,5 bitcoin from the rakeback program - i dont know if they are the same thing is it 1,5 only or 3?
Anyway
1,5 bitcoin from 1000 bitcoin is 0,15% not 15% not even 14,5%, 3 bitcoin is 0,30%

BetKing.io

legendary

Activity: 1400

Merit: 1021

Quote from: santa_marta on December 14, 2015, 11:07:29 AM

Quote from: BetKing.io on December 14, 2015, 11:02:51 AM

Quote from: santa_marta on December 14, 2015, 10:59:08 AM

Quote from: BetKing.io on December 14, 2015, 10:57:38 AM

Quote from: santa_marta on December 14, 2015, 10:52:19 AM

Quote from: BetKing.io on December 14, 2015, 10:41:36 AM

Festive Bonus:
For the whole of December every player at https://BetKing.io will be upgraded to Gold VIP level!

Every bet you make will get you massive rake back bonus. Check out https://BetKing.io/vip for more details

This is for all existing and any new accounts.

Good luck

so I need to wager 33,3 Bitcoin to get 0.025 ? That is not really a "massive rake back bonus". It is 0,07%.

It's actually 7% as you're not thinking of the edge.
That's only for that specific prize.

If you wager 1000 you will get 1.45 Bitcoin in bonuses which is almost 15% rake back.
If you were going to play anywhere anyway then why would you not choose a site that gives you money back?

So you are saying I only need to wager 0,35 to get 0.025. Maybe do the calculations again. Since 0,035 will give you 0,525 points and you need 50 points.

The house edge is 1%, you are getting 15% of the 1% back as that's rake.

¨

So say i gamble/wager 0,35 the rake is 0,0035 (1%) - from that I get 0,000525 (15%). From the vip program I will get 0,525 points which is ( converted from your VIP chart) 0.0002625 bitcoin. Which totals 0,0007875 bitcoin from 0,35 bet. That is 0,2%. Not 7%.

Not to mention there is not a word on any 15% rakeback from house edge on your site (or this topic for what its worth) so maybe you should add it in to keep players informed.

Quote

If you wager 1000 you will get 1.45 Bitcoin in bonuses which is almost 15% rake back.

1.45/1000=0,00145 * 100 = 0,145% that is not 15%.

Wager 1000 Bitcoin. The house edge is 1%. That means 10 Bitcoin rake.
Wager 1000 Bitcoin you wil get 1.45 Bitcoin in bonuses. Therefore 14.5% rake back.

It was a spur of the moment promotion so I will need to update homepage etc to show that it is running.

santa_marta

full member

Activity: 154

Merit: 100

Quote from: BetKing.io on December 14, 2015, 11:02:51 AM

Quote from: santa_marta on December 14, 2015, 10:59:08 AM

Quote from: BetKing.io on December 14, 2015, 10:57:38 AM

Quote from: santa_marta on December 14, 2015, 10:52:19 AM

Quote from: BetKing.io on December 14, 2015, 10:41:36 AM

Festive Bonus:
For the whole of December every player at https://BetKing.io will be upgraded to Gold VIP level!

Every bet you make will get you massive rake back bonus. Check out https://BetKing.io/vip for more details

This is for all existing and any new accounts.

Good luck

so I need to wager 33,3 Bitcoin to get 0.025 ? That is not really a "massive rake back bonus". It is 0,07%.

It's actually 7% as you're not thinking of the edge.
That's only for that specific prize.

If you wager 1000 you will get 1.45 Bitcoin in bonuses which is almost 15% rake back.
If you were going to play anywhere anyway then why would you not choose a site that gives you money back?

So you are saying I only need to wager 0,35 to get 0.025. Maybe do the calculations again. Since 0,035 will give you 0,525 points and you need 50 points.

The house edge is 1%, you are getting 15% of the 1% back as that's rake.

¨

So say i gamble/wager 0,35 the rake is 0,0035 (1%) - from that I get 0,000525 (15%). From the vip program I will get 0,525 points which is ( converted from your VIP chart) 0.0002625 bitcoin. Which totals 0,0007875 bitcoin from 0,35 bet. That is 0,2%. Not 7%.

Not to mention there is not a word on any 15% rakeback from house edge on your site (or this topic for what its worth) so maybe you should add it in to keep players informed.

Quote

If you wager 1000 you will get 1.45 Bitcoin in bonuses which is almost 15% rake back.

1.45/1000=0,00145 * 100 = 0,145% that is not 15% it is in fact one hundredth of 15%.

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