▄■▀■▄ 🌟BITVEST.io🌟 💰WIN BY 🔶PLAY 📈INVEST➡🔺🎲🎰🔲 | BET CONTEST ▄■▀■▄ - page 227.

ndnh

legendary

Activity: 1302

Merit: 1005

New Decentralized Nuclear Hobbit

Quote from: Zodiac1233 on November 05, 2016, 07:42:19 AM

Quote from: ndnh on November 05, 2016, 07:22:49 AM

Quote from: retrocoingames on November 05, 2016, 07:08:33 AM

What commission rate does the site take on each bet?

I noticed Bitvest does not take a share of the profit but actually on every bet?!

AFAIK satoshidice, bitdice.me, betking, all take a per cent of the bet.

my estimates
plinko : 0.55%
dice : 0.25%
slots : 0.595%
bitspin : 0.595%
roulette : 0.9%

Mostly correct, except roulette is 0.87%, and Slots and Bitspin are 0.55%

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?

Zodiac1233

hero member

Activity: 616

Merit: 524

Bitvest & 777Coin Developer

Quote from: retrocoingames on November 05, 2016, 10:35:07 PM

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

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.

Quote from: BillyBurns on November 06, 2016, 12:49:04 AM

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.

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

BillyBurns

sr. member

Activity: 429

Merit: 263

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.

BillyBurns

sr. member

Activity: 429

Merit: 263

Quote from: marlboroza on November 05, 2016, 02:38:03 PM

Quote from: SyGambler on November 05, 2016, 09:29:46 AM

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

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

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

retrocoingames

hero member

Activity: 491

Merit: 500

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

ranlo

legendary

Activity: 1988

Merit: 1007

Quote from: marlboroza on November 05, 2016, 02:38:03 PM

Quote from: SyGambler on November 05, 2016, 09:29:46 AM

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

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

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).

MinerHQ

legendary

Activity: 1456

Merit: 1023

Quote from: marlboroza on November 05, 2016, 02:38:03 PM

Quote from: SyGambler on November 05, 2016, 09:29:46 AM

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

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

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.

SyGambler

legendary

Activity: 2436

Merit: 1804

guess who's back

Quote from: marlboroza on November 05, 2016, 02:38:03 PM

Quote from: SyGambler on November 05, 2016, 09:29:46 AM

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

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

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

marlboroza

legendary

Activity: 1932

Merit: 2272

Quote from: SyGambler on November 05, 2016, 09:29:46 AM

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

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

Zodiac1233

hero member

Activity: 616

Merit: 524

Bitvest & 777Coin Developer

Quote from: SyGambler on November 05, 2016, 09:29:46 AM

Quote from: retrocoingames on November 05, 2016, 08:32:54 AM

Betking do not do it like that...

Seems strange that the site as of right now has only made 5 Bitcoins in total for the investors (from your charts) over the life of the site.

Has to be a serious problem with the site and/or the way the leverage is being done with regards to the bankroll.

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 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.

SparkedDev

hero member

Activity: 896

Merit: 1000

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.

SyGambler

legendary

Activity: 2436

Merit: 1804

guess who's back

Quote from: retrocoingames on November 05, 2016, 08:32:54 AM

Betking do not do it like that...

Seems strange that the site as of right now has only made 5 Bitcoins in total for the investors (from your charts) over the life of the site.

Has to be a serious problem with the site and/or the way the leverage is being done with regards to the bankroll.

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

SparkedDev

hero member

Activity: 896

Merit: 1000

Quote from: retrocoingames on November 05, 2016, 08:32:54 AM

Betking do not do it like that...

Seems strange that the site as of right now has only made 5 Bitcoins in total for the investors (from your charts) over the life of the site.

Has to be a serious problem with the site and/or the way the leverage is being done with regards to the bankroll.

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.

Zodiac1233

hero member

Activity: 616

Merit: 524

Bitvest & 777Coin Developer

Quote from: retrocoingames on November 05, 2016, 08:32:54 AM

Betking do not do it like that...

Seems strange that the site as of right now has only made 5 Bitcoins in total for the investors (from your charts) over the life of the site.

Has to be a serious problem with the site and/or the way the leverage is being done with regards to the bankroll.

We've had N8snathan, a massive whale slamming max or near-max bets for the past few weeks and he's on a winning streak now. He brought us up from 48 to 69.5 profit, and now due to his luck has brought us down to 5.

retrocoingames

hero member

Activity: 491

Merit: 500

Betking do not do it like that...

Seems strange that the site as of right now has only made 5 Bitcoins in total for the investors (from your charts) over the life of the site.

Has to be a serious problem with the site and/or the way the leverage is being done with regards to the bankroll.

Zodiac1233

hero member

Activity: 616

Merit: 524

Bitvest & 777Coin Developer

Quote from: ndnh on November 05, 2016, 07:22:49 AM

Quote from: retrocoingames on November 05, 2016, 07:08:33 AM

What commission rate does the site take on each bet?

I noticed Bitvest does not take a share of the profit but actually on every bet?!

AFAIK satoshidice, bitdice.me, betking, all take a per cent of the bet.

my estimates
plinko : 0.55%
dice : 0.25%
slots : 0.595%
bitspin : 0.595%
roulette : 0.9%

Mostly correct, except roulette is 0.87%, and Slots and Bitspin are 0.55%

ndnh

legendary

Activity: 1302

Merit: 1005

New Decentralized Nuclear Hobbit

Quote from: retrocoingames on November 05, 2016, 07:08:33 AM

What commission rate does the site take on each bet?

I noticed Bitvest does not take a share of the profit but actually on every bet?!

AFAIK satoshidice, bitdice.me, betking, all take a per cent of the bet.

my estimates
plinko : 0.55%
dice : 0.25%
slots : 0.595%
bitspin : 0.595%
roulette : 0.9%

retrocoingames

hero member

Activity: 491

Merit: 500

What commission rate does the site take on each bet?

I noticed Bitvest does not take a share of the profit but actually on every bet?!

erickkyut

hero member

Activity: 1176

Merit: 509

Quote from: absy on November 05, 2016, 02:30:54 AM

Quote from: erickkyut on November 05, 2016, 02:13:48 AM

Wow! Bitvest is really booming in the market

Many players are registering everyday! Aside from that, many activities and quests everyday Wink

Dice is also included in the site but my forever favorite is Plinko

Yup , its very unique so users will like it

Couple more good hits by N8 today ,he is on fire

https://bitvest.io/results?query=41438395&game=plinko
https://bitvest.io/results?query=41438390&game=plinko

Nice!
N8 is really the talk of the town in the bitvest community!
He is the TOP player and BiG EARNER on the site! Congratulations N8 for your big wins

keep it up and Good luck to all players

absy

legendary

Activity: 1414

Merit: 1008