Can someone explain a little bit better how the onsite and offsite bankroll investing works? what I understand is that if I deposit 1 btc and put it in the bankroll and then say I have another 1 btc offsite then my 1 btc invested onsite becomes 2 by the power of leveraging? so if I would lose 50% of my investment then I would really loose 100% because I am leveraged by 2x by saying I have 1 btc offsite?
If this is like this then it means I can have 1 btc onsite and 9 btc offsite and then I would be leveraged by 10x and so my looses and wins would all move quicker and there is obviously a bigger chance of loosing it all by the high leverage you use
if this is true which is the maximum leverage I can use? 100x? please explain the offsite and onsite bankroll investment thanks
The offsite system is a bit complex, honestly I'd probably just recommend avoiding it. That way you can't burn yourself.
The most important formula to remember is this:
yourBankroll = onsite + offsite
Where onsite is how much you physically have in the sites bankroll. It's the amount that is literally "onsite" as in, the amount bustabit has control over. When you make a profit, this number will increase (as you have more money onsite in the bankroll. When you lose money, this will decrease).
And "yourBankroll" is just controlling how much you are risking per bet. Bustabit uses the kelly, so you'll be risking something like 0.75% (can't remember exactly...) of the "yourBankroll" value.
Now the "offsite" thing is pretty much just an arbitrary number you can set. As you can see (from the above formula) it is used to tweak the "yourBankroll". The main motivation for supporting this is to allow investors to try expose themselves to more variance from gamblers while keeping the money safe in their own control (to limit counter-party risk for things like exit scams).
Because it's a static number, (and not a leverage multiplier...) the best thing to do is set it to the amount of money you have "offsite" that you want to risk, but don't want to immediately deposit. But just be careful when doing it, as you expose yourself to a lot of other risks (like getting margin called) so make sure to go over all the FAQs before you do it.
(Not that anyone asked, but in my opinion it's probably best to avoid using offsite. I'm a big fan of a very passive "invest a tiny amount you can afford to lose in the bankroll, then come back and check on it every few months", but offsite doesn't quite allow you to do that, as you always need to be monitoring your investment to top-up the onsite incase you're getting close to margin-called)
