bustabit – The original crash game - page 51.

JollyGood

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When things are working so well to the level they are working at Bustabit it stands to reason there would be little incentive to change things but the down side to that mindset is without a degree of innovation competitors will always be knocking on the door trying to take a larger share of the market.

Quote from: malevolent on August 21, 2020, 06:15:03 PM

Quote from: qory on August 21, 2020, 05:11:42 PM

I read this term everywhere. Personally I think it is a boring game. Or maybe I do not understand the essentials about it not to good. That is just a matter of taste of course.
Maybe expand the games on your site? Right now it is very limited.

Bustabit is probably the most active/profitable cryptocurrency gambling website so it's clearly working out for anyone who's invested in it, and there isn't much incentive to change something that already works well.

panjul07

legendary

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Quote from: qory on August 21, 2020, 05:11:42 PM

I read this term everywhere. Personally I think it is a boring game. Or maybe I do not understand the essentials about it not to good. That is just a matter of taste of course.
Maybe expand the games on your site? Right now it is very limited.

It is a matter of taste IMO, if you like the game then it will not be a boring game even if you play it for hours.
Talking about expanding the game, I believe devans will not not add any games at bustabit but he may expand the business by creating a new site for other games.
Bustabit is for the crash game only, bustadice for the dice game and if devans want to have a new game then we may see "busta*****" in the future.

malevolent

legendary

Activity: 3472

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Quote from: qory on August 21, 2020, 05:11:42 PM

I read this term everywhere. Personally I think it is a boring game. Or maybe I do not understand the essentials about it not to good. That is just a matter of taste of course.
Maybe expand the games on your site? Right now it is very limited.

Bustabit is probably the most active/profitable cryptocurrency gambling website so it's clearly working out for anyone who's invested in it, and there isn't much incentive to change something that already works well.

qory

hero member

Activity: 1722

Merit: 508

I read this term everywhere. Personally I think it is a boring game. Or maybe I do not understand the essentials about it not to good. That is just a matter of taste of course.
Maybe expand the games on your site? Right now it is very limited.

xxjumperxx

sr. member

Activity: 574

Merit: 272

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Quote from: vbond on August 21, 2020, 10:51:22 AM

This shit. Hot keys are now disabled and I have a lot to lose on this.

Youre probably better off posting this in Bustabit Chat when Daniel is online or send him a quick email if theres a reason it was deactivated.

vbond

newbie

Activity: 55

Merit: 0

This shit. Hot keys are now disabled and I have a lot to lose on this.

perfect999

sr. member

Activity: 1694

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Quote from: VanityWallets2015 on August 11, 2020, 10:14:25 AM

I agree that investing in bankroll does not really guarantee a safe investment.
Profit would be dependent on the performance of casinos and nothing is constant.
In my opinion investment and gambling are just the same, you risk something.

There is no way someone could think about investment and gambling being the same thing, how could someone be so ignorant about the math of what is going on when you do both of them. One of them is when you gamble AGAINST the house edge and you end up losing in the long run because mathematically speaking there is no way you could continue to profit forever, eventually you will hit a wall and lose because there is a house edge involved.

The other is investing TO the house edge, so you will end up profiting in the long run, even if there are big winners time to time there is really no way that could continue forever and you will make a profit eventually in any case. Obviously if you do not trust bustabit and think they will steal your money or scam you somehow, that would be a risk but I think they are as trustworthy as it gets.

coinfinger

sr. member

Activity: 1638

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Quote from: xxjumperxx on August 09, 2020, 09:12:09 AM

Quote from: ?? on ??

To get risk free earning it is a better choice than just going into gambling.

Investment in the Bankroll is def. not risk free. Of course there are risks as a bigger whale can come play and make out with some huge wins.
It has happened before and def. will happen again!

It may not be "risk free" at all but at the same time which side do you want to be on? On the side of house edge or against it? That is why I believe there is an important part of the deal where you have to think of "risk" is something you take even when you step outside in life, a car could hit you or you could have brain aneurysm at any moment when you are alive.

So do not think of risk is in everything, you can't live that way, however when you do end up making an investment to bustabit, you are as risk free as it gets because mathematically speaking house edge is on your side and if you wait long enough gamblers will always lose, there is no method where a gambler could profit forever, they will either have a short profit or a long term loss, so in the end if you wait long enough you will profit for sure.

xxjumperxx

sr. member

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The only thing that can be done is to keep us members updated, so if new features get added, we get a little notice/info.
Like I guarantee Daniel does alot of tweaking and adding new features, that we dont know about until we see or try them out.

suchmoon

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Quote from: VanityWallets2015 on August 11, 2020, 10:14:25 AM

In my opinion investment and gambling are just the same, you risk something.

Same with jumping off the roof or eating a taco.

VanityWallets2015

hero member

Activity: 1498

Merit: 506

I agree that investing in bankroll does not really guarantee a safe investment.
Profit would be dependent on the performance of casinos and nothing is constant.
In my opinion investment and gambling are just the same, you risk something.

xxjumperxx

sr. member

Activity: 574

Merit: 272

Buy Bitcoin!

Quote from: Battareus on August 11, 2020, 02:23:55 AM

Mobile version is f-ed up again. Can you back old design?
https://imgur.com/a/OTtwPvk

And the web version was more legible
Old:
https://imgur.com/a/S0CkWYs
New:
https://imgur.com/a/X37I51K

I like the new mobile design!
I also noticed some changes were made to Bankroll section. Everything is now shown in Bitcoin and not in Bits.

Lakai01

legendary

Activity: 2296

Merit: 2721

Quote from: xxjumperxx on August 09, 2020, 09:12:09 AM

Quote from: ?? on ??

To get risk free earning it is a better choice than just going into gambling.

Investment in the Bankroll is def. not risk free. Of course there are risks as a bigger whale can come play and make out with some huge wins.
It has happened before and def. will happen again!

I can confirm this in this way, one must not assume that one will automatically become rich by doing so.
One is very strongly dependent on the performance of the respective casino, are for example several months in a row where the casino has made losses (whales win, players stay away, ...) then this also has a direct effect on your own investment.

Battareus

hero member

Activity: 826

Merit: 501

Mobile version is f-ed up again. Can you back old design?
https://imgur.com/a/OTtwPvk

And the web version was more legible
Old:
https://imgur.com/a/S0CkWYs
New:
https://imgur.com/a/X37I51K

xxjumperxx

sr. member

Activity: 574

Merit: 272

Buy Bitcoin!

Quote from: ?? on ??

To get risk free earning it is a better choice than just going into gambling.

Investment in the Bankroll is def. not risk free. Of course there are risks as a bigger whale can come play and make out with some huge wins.
It has happened before and def. will happen again!

xxjumperxx

sr. member

Activity: 574

Merit: 272

Buy Bitcoin!

He didnt buy Bustabit back...

He just answers questions and is invested in Bankroll himself...

He has been answering questions we have been having well because he knows all about Bustabit

jpcfan

hero member

Activity: 905

Merit: 502

I miss dooglus

Quote from: RHavar on August 06, 2020, 02:39:27 PM

Quote from: lixer on August 06, 2020, 01:14:54 PM

^^ Are we sure about the calculation? I mean it does look correct but I felt like it would go up instead of going down,

Dooglus' calculation is correct. The "trick" behind it, is when someone invests they make the entire bankroll bigger, thus each % of stake will make less returns (for a given amount of revenue). If the investment is large, the effect will be large.

But still the fundamental: "If you own X% of the bankroll, and the bankroll makes Y ... you will make X% of Y" applies

When did you buy bustabit back?

congrats Wink

dooglus

legendary

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Quote from: chazley on August 06, 2020, 04:53:22 AM

I feel dumb that I never realized it worked like this.

I simplified it a bunch. The site takes a commission, and there's also the "dilution fee" to consider. But what I wrote does explain why your ROI percentage decreases as your investment increases.

When your investment is tiny relative to the size of the bankroll, doubling your investment will roughly double your returns.

When your investment is very large relative to the size of the bankroll you are already taking the majority of the site profits. Doubling your investment will have little effect - there's nothing more to earn.

dooglus

legendary

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Quote from: lixer on August 06, 2020, 01:14:54 PM

for example if you invest 5000 btc, and there is 10000 btc total, you should be getting half of everything earned, not 0.5 earned

In that example you are getting 50% of everything the site earns. The site earns 50 BTC and you get 25 of it.

But you were risking 5000 and only earned 25. That's 0.5%.

Your return on investment is 0.5%. Whereas if you invested much less your return on investment would be a smaller amount, but a higher percentage.

RHavar

legendary

Activity: 1463

Merit: 1886

Quote from: lixer on August 06, 2020, 01:14:54 PM

^^ Are we sure about the calculation? I mean it does look correct but I felt like it would go up instead of going down,

Dooglus' calculation is correct. The "trick" behind it, is when someone invests they make the entire bankroll bigger, thus each % of stake will make less returns (for a given amount of revenue). If the investment is large, the effect will be large.

But still the fundamental: "If you own X% of the bankroll, and the bankroll makes Y ... you will make X% of Y" applies

Topic: bustabit – The original crash game - page 51. (Read 61171 times)