bustabit – The original crash game - page 29.

TheGreatPython

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Quote from: qory on December 24, 2020, 09:19:39 PM

Quote from: RHavar on December 22, 2020, 07:51:28 PM

If you did that, you'd get:

Code:

Yearly returns of 1 btc:  0.27135155316606935  btc

for bustabit, and:

Code:

Yearly returns of 1 btc:  0.314836086262803  btc

for bustadice.

Wow, that was really a good income from both bustabit and bustadice. I was planning to invest on it but doesn't know how to calculate possible return this was really helpful for me.

Think about it this way, if you invested 7 thousand dollars into bitcoin at the start of the year and got 1 bitcoin. You would have 1.3 bitcoins right now and that would worth ~$33k right now. That is why investing into bustabit is great and it will always be great, plus it gives you hedge against the drop as well. Let's assume the price dropped right?

I would only have to make that back from here or I could at least make some of it back. So, if there is some increase in my profit here, but the bitcoin price drops a bit more, I would still be down but I would be down less than other people. I haven't invested into bustabit all that much, but from now on I am going to start, and with the off-site now being not available I believe it is time for the onsite to get a lot more famous as well, no matter how much bustabit charges, it is still going to be profitable.

malevolent

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I think he rained because the site was partially down for a while (all rounds were paused), unfortunately I missed the rain but congrats to those that stayed long enough.

xxjumperxx

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I wasnt online but Daniel raining bits is an awesome thing to do! The reason why people love the site and keep coming back or well just stay there.
Its the small random things that he does and how he runs the site.

Congrats to everyone that won and dont lose it all at once!

Merry Christmas!

Lakai01

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Activity: 2296

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Quote from: janggernaut on December 25, 2020, 12:38:51 AM

Whatever it was true or not, but it seems daniel has rained a lot on bustabit few hours ago. Did anyone also got the rain? Grin

Wow, that's what I call a great Christmas surprise. 5000 bits are really valuable at the current rate, I think it's a great donation from Daniel.

I was unfortunately not online at the time, but the rain drop has not missed its effect, people are still talking about it

janggernaut

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Visited bustabit for a while, and i saw this on chat box

Whatever it was true or not, but it seems daniel has rained a lot on bustabit few hours ago. Did anyone also got the rain? Grin

Merry Chrismast for all of us!

qory

hero member

Activity: 1722

Merit: 508

Quote from: RHavar on December 22, 2020, 07:51:28 PM

If you did that, you'd get:

Code:

Yearly returns of 1 btc:  0.27135155316606935  btc

for bustabit, and:

Code:

Yearly returns of 1 btc:  0.314836086262803  btc

for bustadice.

Wow, that was really a good income from both bustabit and bustadice. I was planning to invest on it but doesn't know how to calculate possible return this was really helpful for me.

StackGambler

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Quote from: RHavar on December 22, 2020, 11:59:04 AM

Quote from: StackGambler on December 21, 2020, 09:36:41 AM

Investing in bustadice is an insanely good deal right now. Wouldn't be surprised to see the bankroll at 3K+ BTC within a few weeks.

Interesting. Let me try roughly calculate it:

Quote

function calcReturns(dailyWagered, siteBankroll) {
  const commission = Math.min((1 + siteBankroll) / 10e3, 1);
  const stake = 1 / (1 + siteBankroll);
  let ev = dailyWagered*365 * 0.01 * stake

  ev -= ev * commission

  console.log("Yearly returns of 1 btc: ", ev, " btc");
}

It's not a perfect formula, but i think it's correct enough (?!).

So trying for Bustabit (i'm just guestimating 400 btc a day volume, not sure how accurate that is):

Quote

calcReturns(400, 5021)
Yearly returns of 1 btc: 0.14472082835523695 btc

and trying for Bustadice (i'm just guestimating 100 btc a day volume, not sure how accurate that is):

Quote

calcReturns(100, 1941.9)
Yearly returns of 1 btc: 0.15136350301096296 btc

Thanks for running the numbers, interesting stuff!

Edit: also wanted to note, on behalf of someone in chat, that bustabit has been "Paused" for about the last 30 minutes

xxjumperxx

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Those are optimal conditions and whats makes Bustabit, Bustabit.
I have seen my small investment take a couple of hits when whales came out to play so there is always the risk that a whale comes to play, wins and leaves the site and takes them bitcoin with him...
Bustabit has been good to us, thats true!
But, it can also change when someone wins short term and leaves!

fullhdpixel

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Merit: 611

^^Jesus Christ and everything holy, those returns are insane. The "low" version is 15% return on bitcoin, and also lets remember bitcoin is something that increases meanwhile as well, the one that happened is nearly 30% returns, and it is still in bitcoin. Bitcoin went from 7k to as high as 24k this year, obviously we can't calculate 30% from 24k but we can't do that from 7k neither, lets take out about average 15-16k levels and say that you could have made another 5k per bitcoin from the investment, plus another 14k or so from the increase as well.

Basically if you invested into bitcoin at the start of the year, put it all on bustabit or bustadice at the first day, you would have nearly 30k money right now. That is really not something anyone would even guess, that is way too much money. This is the reason why bustabit and bustadice has endless amount of money constantly invested into them.

RHavar

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Quote from: Mydi on December 22, 2020, 02:40:13 PM

From these 2
https://dicesites.com/bustadice
https://dicesites.com/bustabit

It gives, for 2020 : around 750 btc / day for bab and 208 for bustadice (I took the total wagered today and subtracted the total in Jan 1st and divided by 365).

This should gives you better results

If you did that, you'd get:

Code:

Yearly returns of 1 btc:  0.27135155316606935  btc

for bustabit, and:

Code:

Yearly returns of 1 btc:  0.314836086262803  btc

for bustadice.

However considering how much bitcoin has gone up recently, I don't think people will continue wagering nearly the same amount (when measured in btc). FWIW earlier today in the chat Daniel said he guesses yearly p.a. yields are going to be around 13%. I'm not sure how he calculated it, but it's reasonably close to my first estimate.

But seems like no matter how you cut it, bustadice is offering better yields than bustabit.

Mydi

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Quote from: RHavar on December 22, 2020, 11:59:04 AM

Quote from: StackGambler on December 21, 2020, 09:36:41 AM

Investing in bustadice is an insanely good deal right now. Wouldn't be surprised to see the bankroll at 3K+ BTC within a few weeks.

Interesting. Let me try roughly calculate it:

Quote

function calcReturns(dailyWagered, siteBankroll) {
const commission = Math.min((1 + siteBankroll) / 10e3, 1);
const stake = 1 / (1 + siteBankroll);
let ev = dailyWagered*365 * 0.01 * stake

ev -= ev * commission

console.log("Yearly returns of 1 btc: ", ev, " btc");
}

It's not a perfect formula, but i think it's correct enough (?!).

So trying for Bustabit (i'm just guestimating 400 btc a day volume, not sure how accurate that is):

Quote

calcReturns(400, 5021)
Yearly returns of 1 btc: 0.14472082835523695 btc

and trying for Bustadice (i'm just guestimating 100 btc a day volume, not sure how accurate that is):

Quote

calcReturns(100, 1941.9)
Yearly returns of 1 btc: 0.15136350301096296 btc

From these 2
https://dicesites.com/bustadice
https://dicesites.com/bustabit

It gives, for 2020 : around 750 btc / day for bab and 208 for bustadice (I took the total wagered today and subtracted the total in Jan 1st and divided by 365).

This should gives you better results

xxjumperxx

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Thanks RHavar for explaining and calculating it with numbers! Sure looks like a great investment in both of the sites. Didnt expect the profit to be a bit higher on Bustadice!

Thanks, will be sure to check out investing on Bustadice!

RHavar

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Quote from: StackGambler on December 21, 2020, 09:36:41 AM

Investing in bustadice is an insanely good deal right now. Wouldn't be surprised to see the bankroll at 3K+ BTC within a few weeks.

Interesting. Let me try roughly calculate it:

Quote

function calcReturns(dailyWagered, siteBankroll) {
const commission = Math.min((1 + siteBankroll) / 10e3, 1);
const stake = 1 / (1 + siteBankroll);
let ev = dailyWagered*365 * 0.01 * stake

ev -= ev * commission

console.log("Yearly returns of 1 btc: ", ev, " btc");
}

It's not a perfect formula, but i think it's correct enough (?!).

So trying for Bustabit (i'm just guestimating 400 btc a day volume, not sure how accurate that is):

Quote

calcReturns(400, 5021)
Yearly returns of 1 btc: 0.14472082835523695 btc

and trying for Bustadice (i'm just guestimating 100 btc a day volume, not sure how accurate that is):

Quote

calcReturns(100, 1941.9)
Yearly returns of 1 btc: 0.15136350301096296 btc

TheGreatPython

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Activity: 2660

Merit: 339

Quote from: StackGambler on December 21, 2020, 09:36:41 AM

Quote from: RHavar on December 18, 2020, 06:17:22 PM

Quote from: xxjumperxx on December 17, 2020, 01:22:04 AM

Did the Bankroll really jump up this high, that fast between these 2 posts? Shocked

I think the bankroll hasn't changed too much. It's just the bustabit has used the terminology "bankroll" to mean "onsite + offsite", and on the 15th of December everyones offsite was set to 0 (and they were given dilution fee credits for that amount). So the bankroll dropped a lot, but the amount "onsite" stayed the same.

It'd be nice if the /stats page showed the commission directly, but currently the bankroll is 4956 BTC, which means the commission is 49.56% (or slightly less than before the change). On bustadice, the bankroll is considerably smaller (1977 BTC) which means commissions massively dropped to 19.77%.

Investing in bustadice is an insanely good deal right now. Wouldn't be surprised to see the bankroll at 3K+ BTC within a few weeks.

It is really awesome that people do not stop putting money into bustabit because they like it and they trust it, however it is also a way of showing that bustabit is a profitable thing to put your money into. Think about it this way, it is so profitable that bustabit itself had to tell people to stop investing, I understand that it is not "stop investing" that they are saying, they are doing other stuff but basically that's what it comes down to, why? Because it is sooo profitable that people literally kept investing and investing and investing reaching to a point where it wasn't really that profitable anymore, since there were 10k+ bitcoins invested at one point, which is why they had to put a stop on it, they couldn't handle more. So, I would say keep investing if you can, because you are not going to find much better returns anywhere else.

StackGambler

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Whether it's under or over EV doesn't really matter in terms of investing. That's just gambler's fallacy. The EV from any point onwards will always be the same (1%). But yeah, bustabit's volume is definitely way better. I think the massive change in EV is certainly a factor to consider though despite the differing site activity levels.

Also, the wagered amount in absolute purchasing power (USD) has increased despite BTC wagers decreasing. The former is probably a more relevant metric.

xxjumperxx

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Quote from: StackGambler on December 21, 2020, 09:36:41 AM

Investing in bustadice is an insanely good deal right now. Wouldn't be surprised to see the bankroll at 3K+ BTC within a few weeks.

That is the question, is it worth it investing in Bustadice over Bustabit?
Yes the Bankroll might be smaller und +EV, but the Wager Volume is just so much higher on Bustabit...

Wager Volume Bustadice
https://dicesites.com/bustadice

Wager Volume Bustabit
https://dicesites.com/bustabit

It is interesting to see the decrease in volume because of the Bitcoin Pump... Cheesy

StackGambler

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Quote from: RHavar on December 18, 2020, 06:17:22 PM

Quote from: xxjumperxx on December 17, 2020, 01:22:04 AM

Did the Bankroll really jump up this high, that fast between these 2 posts? Shocked

I think the bankroll hasn't changed too much. It's just the bustabit has used the terminology "bankroll" to mean "onsite + offsite", and on the 15th of December everyones offsite was set to 0 (and they were given dilution fee credits for that amount). So the bankroll dropped a lot, but the amount "onsite" stayed the same.

It'd be nice if the /stats page showed the commission directly, but currently the bankroll is 4956 BTC, which means the commission is 49.56% (or slightly less than before the change). On bustadice, the bankroll is considerably smaller (1977 BTC) which means commissions massively dropped to 19.77%.

Investing in bustadice is an insanely good deal right now. Wouldn't be surprised to see the bankroll at 3K+ BTC within a few weeks.

RHavar

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Quote from: xxjumperxx on December 17, 2020, 01:22:04 AM

Did the Bankroll really jump up this high, that fast between these 2 posts? Shocked

I think the bankroll hasn't changed too much. It's just the bustabit has used the terminology "bankroll" to mean "onsite + offsite", and on the 15th of December everyones offsite was set to 0 (and they were given dilution fee credits for that amount). So the bankroll dropped a lot, but the amount "onsite" stayed the same.

It'd be nice if the /stats page showed the commission directly, but currently the bankroll is 4956 BTC, which means the commission is 49.56% (or slightly less than before the change). On bustadice, the bankroll is considerably smaller (1977 BTC) which means commissions massively dropped to 19.77%.

TheGreatPython

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Merit: 339

Quote from: Lakai01 on December 15, 2020, 01:48:58 PM

Quote from: janggernaut on December 14, 2020, 08:13:28 PM

Quote from: nykka on December 14, 2020, 01:11:28 PM

I think the design of the site quite simple, so it can be advantage and disadvantage too. It`s easy to understand what`s going on and join the game as soon as possible, but some people can be scared of the simple interface and can think that it`s a quickly created site to steal people`s money and leave.

People are obviously prefer simple interface so new people who never bet on bustabit can easily understand how the game works.

I also do not understand why this should be a disadvantage. The design of Bustadice and Bustabit is kept simple, but the designs absolutely do not look cheap or "cobbled together". Both sites have a clear design line, which would certainly not be the case with a scam site.

Personally, I even prefer such sites to heavily overloaded ones with lots of images and moving page elements. In my opinion, the latter scare off newcomers much more, as the pages immediately appear cluttered and are harder to understand.

There is always a middleground on these things, plus design and technology are things that constantly evolve as well. Do I want a website with no CSS at all, purely html, just because I care about features and tech behind it more than design? No, obviously not and I would want some design that is good looking. Do I want a website that has constant features and everything is everywhere and there is a billion other things? Obviously not that neither.

I would like a website that focuses on tech more than design but worked with few designers to get the best possible scenario for them. That would be the ideal part. Bustabit has a "good enough" design, could it be better? Of course it could be better but that doesn't mean this version is not enough neither.

xxjumperxx

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Did the Bankroll really jump up this high, that fast between these 2 posts? Shocked

Quote from: GamblingSiteFinder on December 16, 2020, 01:04:30 PM

As of right this very moment, the bankroll at both Bustabit/Bustadice are currently < BTC5000, meaning the commission change is currently more beneficial for investors than the previous policy.

Quote from: JollyGood on December 16, 2020, 02:52:46 PM

Bustabit bankroll currently shows on their website as: around 4800 BTC

Bustadice bankroll currently shows on their website as: around 2000 BTC

I mean thats 1800BTC in not even 2 hours... Seems like alot of people used the offsite Invest and just deposited it onto the site...
I like this thread, alot of info being posted Bankroll Size wise and things...

Thanks for the info, appreciate reading such infos!

Topic: bustabit – The original crash game - page 29. (Read 61171 times)