Topic: ▄■▀■▄ 🌟BITVEST🌟 👍WIN BY 🔶PLAY 🏦INVEST 💬SOCIAL ➡ 🔺PLINKO🎲DICE🎰SLOT🎡SPIN - page 222. (Read 199785 times)

The last sentence above is the key.  Margin lets you increase the impact of your investment, but does not alter what is lost or won by players.

Most major sites now have the margin feature, Just Dice, Bit Dice.me, etc.  It's fairly well understood but they do vary on what "bankroll" they show.  JD most prominently displays unleveraged bankroll while Bitvest shows the leveraged one. 

So what may have confused someone would be the "global bankroll" shown by the site would go down more dramatically due to leverage, but as Zodiac pointed out, that is not actual coins being lost by investors.

Yeah almost everyone investing is doing x5 margin.

My apologies to Ranlo    i got this all wrong..

Its just i saw global invested dropped 200BTC since n8 was winning, does it mean everyone is using 5X margin? And if so, what is point of 5X margin, only to raise bet limit?

Makes sense to me, if anyone is unsure how something works you can check the site the investment tab will show how much you can earn off a certain size lose.
It could also be used in reverse to show how much you can lose based on your investment weight.

If an investor puts in 100 BTC at 5x margin, the bankroll will be 500 BTC, and the win will be 12.5 BTC. If this 12.5 BTC payout is hit, the investor still only loses 12.5 BTC.
The real effect of margin is how it affects the bet limits, and how much of the share of profits or losses your investment takes. In the same case as before, where the investor puts in 100 BTC but uses no margin,
the bankroll is 100 BTC, and the max bet is 2.5 BTC, making the investment have a much lower risk and reward.

In the first case of 12.5 BTC being lost, the bankroll would drop 62.5 BTC in size, however this bankroll is not all real coins, it's coins on margin, so a "real" drop of 12.5 being paid out makes it drop the "bankroll" value by 62.5, even though only 12.5 real coins have moved.

In a case with multiple investors on the site, say, one with 100@1x, and another with 100@5x, we'll have a bankroll of 600 BTC, and a max win of 15 BTC. Let's say someone wins 12 BTC. In this case, the 1x investor makes up (100 * 1) / 600 = 1/6 of the bankroll, so he loses 12 * 1/6 = 2 BTC. The 5x investor makes up (100 * 5) / 600 = 5/6 of the bankroll, so his loss will be 12 * 5/6 = 10 BTC.

In the same case as above, if someone were to lose 12 BTC, the 1x investor would receive 2 BTC, and the 5x investor would receive 10 BTC.

Margin does not in any way make the house directly receive money, we only indirectly receive it from the fact that it increases bet limits, which enables more and larger bets to occur, generating more revenue. Our investors' profit/loss has no effect on our income, only the total amount bet does.

Sorry about that, I was somehow looking at some outdated data, from before their release. Your figures are correct for the commissions.
Affiliates will receive their 20, 10, or 5% cut depending on their affiliate level off of our share.

so 0.55% * 20% for plinko for top level, or 0.595% * 20% for slots, etc.

In total up to 30% can be paid out if a user has level 3 affiliates.

And what you reply to me makes no sense at all. Let me(senior member) explain to you(legendary member) how margin 5X works.

Lets say one player has whole global bankroll. And he invested 100 BTC in site. So, when someone win 20BTC he will lose 20 BTC.
Now, lets say that player has invested 100BTC with 5X margin. So, when somene win 20BTC he will lose 100BTC, 20BTC go to player who win and 80 BTC goes to site owners.

All individual investments make one global investment, right? I didn't said every single investor lost 115btc.

Let site owners correct me if I am wrong.

House edge of Bitspin is 1.75%, of which 1.155% goes to investors.

Remaining 0.595% which I took for commission.

so 0.04% for affiliates but 0.595% * 30% = 0.1785%. Is the 0.55% average?

Typically we refill the wallet within a couple hours if either lightlord or I are up, however there can be times there are ~8 hour or so delays if we're both unavailable. I'm refilling it now.

Select the regular user chatroom, only VIP has the requirement.

Could a mod let me chat without meeting the betting requirements please. Same name as on here. I know the rules not going to beg ect ect.

Rethink what you wrote because it makes no sense to me. Where do you think the other 92 bitcoin go?

How long does it take for my withdraw to get cleared? The site said there was no funds in the hot wallet

What you just said made no sense whatsoever. If he won 23 BTC, how could people possibly lose 115 BTC? Your kelly risk ratio is your risk relative to the BR. If he won 23 BTC, only 23 BTC was removed from the BR. That has nothing to do with kelly, whether a user is 0.01x or 50000x is the same. All it impacts is how much each individual lost (theirInvest*theirKelly/23.00 BTC = amount lost).

Yes, no one is forcing to invest on any site and these are site rules. So investors need to check full details before investing money on any site.

If you really want to reduce your risks in these casino investments then it is better to diversify your money into few good sites then your losses will be average down in any worst cases.

well yeah but investors made their profit using the same margin too , if the investors used X1 margin that won't change the fact that this whale was able to clear what investors had made in a whole year
anyways Zod has a point , looking at the leaderboard we can see that nathan brought a lot of action to the site cause he alone wagered around 30% of the total wagered amount

Almost every investor has margin 5X, so when n8 won 23BTC investors actually lost 115BTC so its not strange at all to lose 5X when someone hit big. Personally i think margins are not good, but who am i to tell people what to do with their money

The profit made over the first year was with a much smaller bankroll. Our bankroll doubled in size in the past 2 months, along with 1/3 of the betting volume being in that period as well. This resulted in a major increase in variance.

Jean did something similar before summer both winnings runs lasted about 12 hours and they both had decent bank rolls.
Pretty sure he lost 15-20 btc before this all happened and he won a bunch.
Only real difference is one did it with one drops the other did it with a few drops.

all sites basically work the same way , they take their cut whatever the results is
which means that the site will take the fee if the bets were won or lost

it's strange that one player was able to take the profits that took one year for investors to achieve , I do believe in variance but it's really strange lol

The lifetime of the site it was over 60 btc profit for investors but n8 kinda in 12 hours destroyed the profit by non stop max betting.
Nothing really wrong with how the site works or how the limits are adjusted the dude just had a good day after his first big win more people invested.
So there was room for more big hits to be made that's normally how all sites adjust higher the bank roll the bigger the limits.