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Topic: BetKing.io - 20% Rakeback Christmas Bonus - Most trusted Bitcoin Dice site - page 76. (Read 194693 times)

legendary
Activity: 2018
Merit: 1108
Another big winner at PRC

legendary
Activity: 882
Merit: 1000
Like before 0.25% of the wagered amount will be deducted at the time of bet.
Also at the end of each week, Monday midnight GMT, or at time of divest 25% commission will be deducted from your profit.

If you need anything cleared up about the changes feel free to ask.

Now that you're talking 50% of investor EV, what does that do to the Kelly calculation?

If they invest at "full Kelly" now, is that actually "2x Kelly" because their expected return is half of what it would be without commission? Or is the new commission structure taken into account in the Kelly calculations?

No there is no change in the kelly calculations.
legendary
Activity: 2940
Merit: 1333
Like before 0.25% of the wagered amount will be deducted at the time of bet.
Also at the end of each week, Monday midnight GMT, or at time of divest 25% commission will be deducted from your profit.

If you need anything cleared up about the changes feel free to ask.

Now that you're talking 50% of investor EV, what does that do to the Kelly calculation?

If they invest at "full Kelly" now, is that actually "2x Kelly" because their expected return is half of what it would be without commission? Or is the new commission structure taken into account in the Kelly calculations?
hero member
Activity: 728
Merit: 500
Betterbets.io Casino
https://pocketrocketscasino.eu defated betterbets in the wager-warz competition with over 3x the total wagered Smiley

All player who wagered during the competition have been given 0.1 Bitcoin for every 100 Bitcoin they wagered.
This has been added in the form of VIP points, which means you will actually get a little more Bitcoin Wink

Thanks to Better Bets for asking PRC to be involved in this promo. It was fun.

Good luck

Well played PRC and to your players, I am happy to have run this Wager WARZ with you. Dean was excellent through the whole process and played a huge role in it's success.

Congrats on your win!
hero member
Activity: 1148
Merit: 528
Thats nice that pocketrocketscasino introduced dice rakeback.
I guess its the first site to introduce dice rakeback.  Smiley
legendary
Activity: 882
Merit: 1000
https://pocketrocketscasino.eu defated betterbets in the wager-warz competition with over 3x the total wagered Smiley

All player who wagered during the competition have been given 0.1 Bitcoin for every 100 Bitcoin they wagered.
This has been added in the form of VIP points, which means you will actually get a little more Bitcoin Wink

Thanks to Better Bets for asking PRC to be involved in this promo. It was fun.

Good luck
legendary
Activity: 882
Merit: 1000
Changes to investment commission:
The investment commission has changed.
Like before 0.25% of the wagered amount will be deducted at the time of bet.
Also at the end of each week, Monday midnight GMT, or at time of divest 25% commission will be deducted from your profit.

Any profit made before now will not be charged. Only new profit.

If for example you made 1 Bitcoin profit one week and were charged 0.25 Bitcoin commission then lost 1 Bitcoin profit, you would not be charged commission until you had made this 1 Bitcoin profit back.

If you need anything cleared up about the changes feel free to ask.

Thanks
full member
Activity: 134
Merit: 100
MAIN BTCETS FINAL RESULTS :

You can check both site's status

» HERE «

Code:
Winner: PocketsRocketsCasino.eu

Code:
Total Wager Warz II: Over 5675BTC


---- ALL WINNER BETS CREDITED ----
CONGRATZ!



Thank you all! Keep playing at betterbets.io

Cheers!! ●‿●
legendary
Activity: 882
Merit: 1000
You should really announce in this thread any time there's a significant change to the site, commission changes obviously qualify.

The thread doesn't get many readers or replies so there's not much incentive to update it often.
Most users read the chat on the site.

I think you're underestimating the reach of this thread, over 65k views in less than a year  Wink

so while I have no stake in the ongoing discussion, I think it would be easier for your users if you also post stuff like that in the thread.
makes it also easier to have something written to refer to in case of repeating discussions.

no beef, just saying Smiley

Yeah you are right. I'm going to look at getting someone full time on support/updates on forums/social. (anyone can apply via pm if interested)

I'll post a detailed help page and in here later about the changes before I push the go live button later today.

In other news we won the war! The Wager-Warz Smiley
So I'll be announcing later the winners and giving out the Bitcoin prizes.

Thanks
legendary
Activity: 874
Merit: 1000
monero
You should really announce in this thread any time there's a significant change to the site, commission changes obviously qualify.

The thread doesn't get many readers or replies so there's not much incentive to update it often.
Most users read the chat on the site.

I think you're underestimating the reach of this thread, over 65k views in less than a year  Wink

so while I have no stake in the ongoing discussion, I think it would be easier for your users if you also post stuff like that in the thread.
makes it also easier to have something written to refer to in case of repeating discussions.

no beef, just saying Smiley
legendary
Activity: 882
Merit: 1000
You should really announce in this thread any time there's a significant change to the site, commission changes obviously qualify.

The thread doesn't get many readers or replies so there's not much incentive to update it often.
Most users read the chat on the site.
newbie
Activity: 28
Merit: 0
You should really announce in this thread any time there's a significant change to the site, commission changes obviously qualify.
legendary
Activity: 882
Merit: 1000
It was discussed weeks ago and mentioned almost every day since. It was actually investors who suggested it.

If people choose to divest that is their choice but 90% of the coins invested have already said they are in favour or fine with it.

Could you be so kind to link me to said discussion?

The question remains why this is applied instantly instead of giving a few days notice?

There is no link as it was discussed in the chat every day for almost 2 weeks.
I asked the investors in the chat how much notice would be required and the consensus was 1 week. I said I'd do it on the 30th. So almost 2 weeks notice.

If you are not happy with the change then you are free to divest.
sr. member
Activity: 493
Merit: 262
It was discussed weeks ago and mentioned almost every day since. It was actually investors who suggested it.

If people choose to divest that is their choice but 90% of the coins invested have already said they are in favour or fine with it.

Could you be so kind to link me to said discussion?

The question remains why this is applied instantly instead of giving a few days notice?
legendary
Activity: 882
Merit: 1000
Quote
Changes to investment commission:
From 30/10/2015 investment commission will change to 0.25% of wagered plus weekly commission of 25% on profit (or at time of divest)

So no announcement regarding this on the forum AND you're changing it INSTANTLY? Why even bother writing a date there?

50% commission is a joke, doubling from the already high 25%, whats the plan here? Consecutively drive away investors and lower the bankroll?

I will create a thread discussing this in case this post is deleted.

It was discussed weeks ago and mentioned almost every day since. It was actually investors who suggested it.

If people choose to divest that is their choice but 90% of the coins invested have already said they are in favour or fine with it.


sr. member
Activity: 493
Merit: 262
Quote
Changes to investment commission:
From 30/10/2015 investment commission will change to 0.25% of wagered plus weekly commission of 25% on profit (or at time of divest)

So no announcement regarding this on the forum AND you're changing it INSTANTLY? Why even bother writing a date there?

50% commission is a joke, doubling from the already high 25%, whats the plan here? Consecutively drive away investors and lower the bankroll?

I will create a thread discussing this in case this post is deleted.
legendary
Activity: 882
Merit: 1000
Last day to get your bets in for the wager wars competition. We have quite a large lead on BetterBets but they are putting a fight on today Smiley https://dicesites.com/wager-warz

You will receive a bonus 0.1 Bitcoin for every 100 Bitcoin you wager during the competition on top of your normal VIP bonus.

We now have a few silver and a gold VIP members and have paid out over 4.5 Bitcoin in bonuses to them the past couple of weeks.
legendary
Activity: 3402
Merit: 1227
Top Crypto Casino
Ouch..  lost $79k in 1 bet..



thats very sad lose. is the guy still continue to bet after that loss or he already stopped? i wonder what he did to himself after that $79k lost in just 1 bet :/
I think carmex is very rich, $79k is no big deal to him. he might try again to recover his loss in a single bet.

Hope for him he is that rich...but looking at this with a notgambler's eye I'd see a huge waste of resources

Waste? Nothing was wasted, it was just redistributed from one to many.


Yep, you are right on this point of view; I should have written waste of his own resources maybe to have me understood better.
legendary
Activity: 930
Merit: 1010
Ouch..  lost $79k in 1 bet..



thats very sad lose. is the guy still continue to bet after that loss or he already stopped? i wonder what he did to himself after that $79k lost in just 1 bet :/
I think carmex is very rich, $79k is no big deal to him. he might try again to recover his loss in a single bet.

Hope for him he is that rich...but looking at this with a notgambler's eye I'd see a huge waste of resources

Waste? Nothing was wasted, it was just redistributed from one to many.
legendary
Activity: 3402
Merit: 1227
Top Crypto Casino
Ouch..  lost $79k in 1 bet..



thats very sad lose. is the guy still continue to bet after that loss or he already stopped? i wonder what he did to himself after that $79k lost in just 1 bet :/
I think carmex is very rich, $79k is no big deal to him. he might try again to recover his loss in a single bet.

Hope for him he is that rich...but looking at this with a notgambler's eye I'd see a huge waste of resources
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