Topic: Bitcoin Gambling Investments - page 43. (Read 47265 times)

It means the fee is already taken out immediately even before it reach you. So what you see is what you get.

Sorry for the confusion I didn't understand the question 100%. So there is no fee to invest or divest however the house takes 50% of the sites profits/loses and the other 50% is shared with the investors.

Thanks for the consolidated update in one post.

I didn't understood the third point. What is this meaning ' but 50% of the next profits taken out weekly " ? Divest can be done without any fee but what is this 50%?

Good questions which I asked already (if you are reading this KingDice and I say something incorrect, please correct me):
1) 1% of the bankroll is max win. It changes dynamically with the balance.
2) Divest is instant with no fee or grace period.
3) 0 for divesting (but 50% of the next profits taken out weekly).

Appreciate hearing your concern for us and a new dice site definitely comes with risks. At least making this public with our investment and constantly covering it, the community here can get some good insights.

If the site does go well, it is very exciting to have such a large amount of the bankroll in my opinion.

Some quick stats - the site takes 50% of the net profit and the HE is 1%. Net profit share is much better than off every bet in my opinion.

There is no kelly options yet or maybe that will not be added and the max win is 1% of the bankroll. This is a little more leveraged than Crypto-Games for example (approx 0.5% of bankroll), but Crypto-Games also has a lower HE at 0.8% for Dice. So I think this is a pretty reasonable profit share split.

I am not a big dice gambler personally, but I do rate the graphic design and user interface of the site a lot more than most of the Bitcoin Dice sites around.

Let's see how we go in the weeks ahead We will let everyone know!

Yes a small upcoming bankroll can be the best investment you will make if the right conditions are met.
Lets hope the best for the new kingdice investment.

The following questions seem to be appropriate:

1. What is their max win amount, and how does it change with the change in the size of the bankroll?
2. Is it possible to divest immediately, and if not, what is the grace period then?
3. What fees are charged for investing and divesting?


But when it reaches the size of BetKing, you may already be too late to the party. I'm myself thinking about investing a small amount into their bankroll, something like 0.1 BTC, just testing waters. Let's see how it plays out in the end!

I have been following your thread for a long time and i have to warned that this investment on kingdice. With just 1btc invested can make up 7.5% of the bankroll, it seems like the bankroll is very small and the site does not have a strong rep yet.

Always nice to have an accurate and insightful post from dooglus

This is a great idea, I liked the answers I got from the questions I asked and I might do a blog post on it. If you have any specific questions you want asked let me know and I will ask the admin.

In the meantime we now have 1 Bitcoin invested in KingDice!



Will report on it as per the other investments weekly  

Come on KingDice!

I think you may have it wrong. BetKing was allowing each investor to set their own 'Kelly multiplier". If a player won 10% of the bankroll that loss would have been borne by those investors with the highest Kelly multipliers. Any investor with a regular 1x multiplier would have lost no more than 1% of their investment on any roll. It's not unreasonable to allow investors to use high leverage so they don't have to expose themselves to so much counterparty risk so long as you don't force it on everyone.

Also, the commission was 25% of the profits plus 25% of the house edge. In the case of a winning player there's no profit, so the commission is just 25% of the house edge, or 25% of 1% of the stake, or 0.25% of the stake.

Since it's the max profit per bet that is fixed and not the max stake, the commission depends on the payout multiplier. If the winning player bet at 98% (a roughly 1.010204x payout multiplier) to win 450 BTC profit, their stake would need to be 44100 BTC, and the commission on that bet would be 0.25% of that, or 110.25 BTC, in which case the investor at 1x Kelly would be losing 1.245% of their investment at most.

At the other extreme, if the winning play bet at 0.0001% (a 990,000x payout multiplier) to win 450 BTC profit, their stake would need to be just 0.00045454 BTC, and so the commission on that bet would be pretty much zero, and the investor ends up losing at most 1.00000101% of their investment.

All this is moot now of course since betking is moving from a model where investors get to keep 50% of the expected profit (before expenses) and can divest whenever they like to a new exciting model where they keep 30% of the profit (after expenses) and cannot divest.

Could you start a separate thread or post the list of questions and respective answers from KingDice here after you finish your inquiry? In my view, a lot of people would be interested to hear what they have to say and then decide about investing their coins into the bankroll of that casino. A chart with their former results would be greatly appreciated too.

It is high but it is from the net profit which I think is a good model as opposed to every bet.

For everyone's information - I am speaking with the admin at kingdice at the moment and asking a lot of questions. We may end up investing there as well.

Those new sites first should establish and give us a feeling that they won cheat investors. All these things will take quite a lot of time but at the time most of the reputed sites which is accepting investments not doing that great for investor point of view. Maybe after a couple of months, we need to revisit these reputed sites again to find an opportunity to invest.

Time will pass that new gambling sites will excel to replace this depreciating and not profitable gambling site. It's just a matter of time and we investors should focus on determining on when to invest to take advantage. They are in ICO again so we have an option to invest but make sure you have your research carefully done.

It is kind of sad to see that half of the casino is not doing well and some of them even have gone really bad. Even betking is stopping from investment. So far, with the new ICO, betking is not really doing well and i am not very interested to re-invest in betking.

Crypto-Games and Safedice left. Let's see how this goes on Crypto-Games since they just started the 70% shares for investors while spending extra monies on promotions. Anyone tried Bitdice? It's a good looking site with good games too. I already tried some few bucks at Kingdice few days ago although I think 50% shares on investors is way too low imo. But who knows.

You seem to be confusing the earnings reported by coingamblingreviews here with the earnings that Crypto-Games itself yields, but this has nothing to do with the Crypto-Games bankroll management. And the way the bankroll at Crypto-Games is managed gives us a sort of guarantee of future profits. A big whale can't possibly win a lot there thanks to the limits placed by the casino on the max win amount. In other words, it will always be small relative to the size of the bankroll.

I don't think a big whale is a problem at Crypto-Games statistically with the way the bankroll is managed.