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.
Topic: bustabit – The original crash game - page 52. (Read 61526 times)
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.
This shit. Hot keys are now disabled and I have a lot to lose on this.
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.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.
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.
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!
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.
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.
Like I guarantee Daniel does alot of tweaking and adding new features, that we dont know about until we see or try them out.
In my opinion investment and gambling are just the same, you risk something.
Same with jumping off the roof or eating a taco.
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.
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.
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
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.
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!
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.
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
https://imgur.com/a/OTtwPvk
And the web version was more legible
Old:
https://imgur.com/a/S0CkWYs
New:
https://imgur.com/a/X37I51K
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!
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
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
^^ 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
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.
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.
^^ 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
^^ Are we sure about the calculation? I mean it does look correct but I felt like it would go up instead of going down, like 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, that does sound like more realistic right? Don't get me wrong I am not a math whizz or anything and I could be wrong and my math could be waaaay off, but that does sound like there is something wrong if you ask me with that calculation, maybe someone from the team (devans but could be rhavar) could clear this up and tell us which one is more correct than the other.
In any case investing a lot means you will get more money even if not as much % as the other ones, possibly even more considering if mine is correct or not.
In any case investing a lot means you will get more money even if not as much % as the other ones, possibly even more considering if mine is correct or not.
How so?
I get a % share in the BR and based on this I receive my Interest..
How do I make less the more I invest?
I get a % share in the BR and based on this I receive my Interest..
How do I make less the more I invest?
Suppose that the bankroll before you invest is 5000 BTC, and that over the course of your investment players lose 50 BTC.
If you invest 0.01 BTC then you have 0.01 out of 5000.01 and earn 0.0001 BTC which is a 1% return.
If you invest 1 BTC then you have 1 out of 5001 and earn 0.009998 BTC which is a 0.9998% return.
If you invest 100 BTC then you have 100 out of 5100 and earn 0.98039216 BTC which is a 0.98039216% return.
If you invest 5000 BTC then you have 5000 out of 10000 and earn 25 BTC which is a 0.5% return.
The more you invest, the smaller your percentage return (assuming your investment doesn't entice new whales to play and lose).
great to see you. I liked bustabet when it was owned by RH
damn thats like 5 years ago or so
I am still trying to get an understanding of how the bankroll actually works in full. It is very well articulated by dooglus but needs time to understand...I think
Suppose that the bankroll before you invest is 5000 BTC, and that over the course of your investment players lose 50 BTC.
If you invest 0.01 BTC then you have 0.01 out of 5000.01 and earn 0.0001 BTC which is a 1% return.
If you invest 1 BTC then you have 1 out of 5001 and earn 0.009998 BTC which is a 0.9998% return.
If you invest 100 BTC then you have 100 out of 5100 and earn 0.98039216 BTC which is a 0.98039216% return.
If you invest 5000 BTC then you have 5000 out of 10000 and earn 25 BTC which is a 0.5% return.
The more you invest, the smaller your percentage return (assuming your investment doesn't entice new whales to play and lose).
I feel dumb that I never realized it worked like this.
How so?
I get a % share in the BR and based on this I receive my Interest..
How do I make less the more I invest?
I get a % share in the BR and based on this I receive my Interest..
How do I make less the more I invest?
Suppose that the bankroll before you invest is 5000 BTC, and that over the course of your investment players lose 50 BTC.
If you invest 0.01 BTC then you have 0.01 out of 5000.01 and earn 0.0001 BTC which is a 1% return.
If you invest 1 BTC then you have 1 out of 5001 and earn 0.009998 BTC which is a 0.9998% return.
If you invest 100 BTC then you have 100 out of 5100 and earn 0.98039216 BTC which is a 0.98039216% return.
If you invest 5000 BTC then you have 5000 out of 10000 and earn 25 BTC which is a 0.5% return.
The more you invest, the smaller your percentage return (assuming your investment doesn't entice new whales to play and lose).
I feel dumb that I never realized it worked like this.
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