There's no site that i would bet those kinds of amounts. It's one thing to gamble to have some fun, but this is just sick.
Anyways, if someone bet's 1000 btc , even on 2x multiplier , i highly doubt the house would have enough to pay up, and there are max wins per roll also.
That's the problem, imagine if you made a massive bet & won it but the house couldn't pay.
BetKing is apparently investor based and has around 3000 BTC bankroll.
Hence their cold wallet with most of the funds:
https://blockchain.info/address/1FhxjhFb1YudGC1vtV4FuLpQc2uHzq3XFdYeah. If you check that address and hot wallet addresses near the time you can see he made many withdrawals over 500btc over the course of 3 days. A few over 1000 IIRC.
As you see in the bet just before the big one he won 100btc.
The max win was something like 300 at the time. He had built up most of that 1300 by winning a lot over a few days and cashed it out many times.
Yea he was won 100btc earlier before he bust it all , don't know if betking.io will allowed the maximum profit status to minus like -200 bitcoin max profit?
So when he has won 100btc , betking.io has 200 btc max profit allowed left. Which I think the house stabilize it between give him another win or take all his money and betking.io decide to take all his money .
the question are how much max profit increased after that 1300bitcoin ? Because now I still see 266bitcoin max profit.
Also is it possible to betking.io have minus max profit?
The max profit does not work like that based on one players winnings or losses. It is based on total invested (by users) on the site, which is currently around 3000 BTC.
If a player wins, the total invested amount will of course go down as the player wins from it and so the max profit will also go down.
The house would never limit a player by limiting max profit so that they couldn't win back what they lost.
Here is how it's explained on their site:
"The maximum payout of the site is calculated by taking the sum of all the investments * risk * 0.01.
So imagine we had user A with 10 Bitcoins invested at 1/2 Kelly, B with 10 at 5x and C with 10 at 10x. The maximum payout would be:
(10*0.5*0.01) + (10*5*0.01) + (10*10*0.01) = 1.55 Bitcoin"
