bustadice – Dilution fee lowered to 1% - page 21.

Timetwister

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Quote from: JollyGood on September 30, 2019, 03:33:08 AM

Quote from: devans on September 30, 2019, 02:58:04 AM

As announced, bustadice will start charging the bankroll a 50% commission on future net profits instead of the previous 0.25% commission on all wagers. This will have the immediate effect of increasing the wager and profit limits for players while simultaneously decreasing variance for investors at the the expense of reducing their expected value.

Whenever the bankroll's profit exceeds its previous high point, bustadice will receive 50% of the profits beyond the high point. No commission is collected on profits below the high point. For example, say the bankroll's profit high point is 100 BTC, its current profit is 99 BTC and players combined lose a total of 4 BTC in a round. 3 BTC of that is net profit (exceeding the previous all-time high), so bustadice would receive 1.5 BTC and the remaining 2.5 BTC would go to the bankroll. The commission is charged in real time, so investors can continue to invest and divest whenever they like.

For players, nothing changes other than the wager and profit limits increasing by a third as mentioned above.

Which format worked out better and would give more net income on average for investors: Bustabit taking 0.25% commission on all wagers or what remains of their share after Bustabit deducts its share?

Investors were getting 75% of what the casino was expected to make. Now, only 50%, essentially dropping expected returns by 1/3.

JollyGood

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Quote from: devans on September 30, 2019, 03:39:22 AM

Quote from: JollyGood on September 30, 2019, 03:33:08 AM

Which format worked out better and would give more net income on average for investors: Bustabit taking 0.25% commission on all wagers or what remains of their share after Bustabit deducts its share?

In terms of expected value it doesn't matter whether a 0.25% commission is taken on wagers or a 25% commission is taken on net profits. In both cases investors can expect to earn the same over an extended period of time. However, a 25% commission on profits is more favorable than a 0.25% commission on wagers because it has less variance.

I may have misunderstood your question, so correct me if I'm wrong.

Sorry please re-read the post, you are mentioning 50% profit commission for Bustabit: https://bitcointalksearch.org/topic/m.52601119

And in the post above you are mentioning 25% profit commission for Bustabit. Can you please clarify which it is?

devans

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Quote from: JollyGood on September 30, 2019, 03:33:08 AM

Which format worked out better and would give more net income on average for investors: Bustabit taking 0.25% commission on all wagers or what remains of their share after Bustabit deducts its share?

In terms of expected value it doesn't matter whether a 0.25% commission is taken on wagers or a 25% commission is taken on net profits. In both cases investors can expect to earn the same over an extended period of time. However, a 25% commission on profits is more favorable than a 0.25% commission on wagers because it has less variance.

I may have misunderstood your question, so correct me if I'm wrong.

JollyGood

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Quote from: devans on September 30, 2019, 02:58:04 AM

As announced, bustadice will start charging the bankroll a 50% commission on future net profits instead of the previous 0.25% commission on all wagers. This will have the immediate effect of increasing the wager and profit limits for players while simultaneously decreasing variance for investors at the the expense of reducing their expected value.

Whenever the bankroll's profit exceeds its previous high point, bustadice will receive 50% of the profits beyond the high point. No commission is collected on profits below the high point. For example, say the bankroll's profit high point is 100 BTC, its current profit is 99 BTC and players combined lose a total of 4 BTC in a round. 3 BTC of that is net profit (exceeding the previous all-time high), so bustadice would receive 1.5 BTC and the remaining 2.5 BTC would go to the bankroll. The commission is charged in real time, so investors can continue to invest and divest whenever they like.

For players, nothing changes other than the wager and profit limits increasing by a third as mentioned above.

Which format worked out better and would give more net income on average for investors: Bustabit taking 0.25% commission on all wagers or what remains of their share after Bustabit deducts its share?

devans

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As announced, bustadice will start charging the bankroll a 50% commission on future net profits instead of the previous 0.25% commission on all wagers. This will have the immediate effect of increasing the wager and profit limits for players while simultaneously decreasing variance for investors at the the expense of reducing their expected value.

Whenever the bankroll's profit exceeds its previous high point, bustadice will receive 50% of the profits beyond the high point. No commission is collected on profits below the high point. For example, say the bankroll's profit high point is 100 BTC, its current profit is 99 BTC and players combined lose a total of 4 BTC in a round. 3 BTC of that is net profit (exceeding the previous all-time high), so bustadice would receive 1.5 BTC and the remaining 2.5 BTC would go to the bankroll. The commission is charged in real time, so investors can continue to invest and divest whenever they like.

For players, nothing changes other than the wager and profit limits increasing by a third as mentioned above.

devans

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Quote from: RHavar on September 29, 2019, 05:12:36 PM

On bustadice's "sister" site you announced:

Quote from: devans on September 29, 2019, 01:45:28 PM

Effective immediately bustabit will charge the bankroll a 50% commission on future net profits instead of the previous 0.25% commission on all wagers.

is this going to come to bustadice too, or do you plan on having different commission structures on the different sites?

I plan on using the same commission structure for both sites, so bustadice will follow suit soon.

RHavar

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On bustadice's "sister" site you announced:

Quote from: devans on September 29, 2019, 01:45:28 PM

Effective immediately bustabit will charge the bankroll a 50% commission on future net profits instead of the previous 0.25% commission on all wagers.

is this going to come to bustadice too, or do you plan on having different commission structures on the different sites?

dbshck

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Quote from: Lakai01 on August 21, 2019, 10:19:01 AM

Hi devans!
First of all I like the look and feel of bustadice very much, its one of the most professional looking sites out there in my opinion. Windice eg. shows the amount of total bets played, total users online etc. at the top of the page. Are there such statistics anywhere at bustadice, couldnt find them

https://bustadice.com/statistics
https://dicesites.com/bustadice

Lakai01

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Quote from: devans on June 02, 2019, 07:26:14 PM

The server issue has been resolved and bustadice is running normally again.

Hi devans!
First of all I like the look and feel of bustadice very much, its one of the most professional looking sites out there in my opinion. Windice eg. shows the amount of total bets played, total users online etc. at the top of the page. Are there such statistics anywhere at bustadice, couldnt find them

devans

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The server issue has been resolved and bustadice is running normally again.

bibop555

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Wow i will try your website

chrizzbeatz

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noooooooo

devans

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bustadice is currently experiencing server issues. I am working on the issue and will update this thread once I know more.

ralle14

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Quote from: adamvp on May 25, 2019, 06:49:41 PM

Does Bustadice has any faucet or another way to try the platform before depositing ?

There's no faucet but you can try it without having to bet just go to the homepage and scroll down a little bit until you see the portion where it says "How the game works".

DarkStar_

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Quote from: adamvp on May 25, 2019, 06:49:41 PM

Quote from: DarkStar_ on May 17, 2019, 01:11:56 PM

I have investments in all four (minus Bitvest) and both busta-sites have been much more profitable than the other two.

What kind of investments are you talking about? Can I deposit money to bustadice/bustabit to earn interest?

Bankroll investments. See this page.

adamvp

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Quote from: devans on April 30, 2019, 03:57:51 AM

Quote from: adamvp on April 29, 2019, 02:36:42 PM

I cannot create an bustadice account Sad

Invalid user name. error message is showing up Sad

whatever username I would like to choose Sad

And I've tried in 3 different browsers :|

Unfortunately I'm not able to reproduce that. What user name are you trying to use? Is it possible that the name is actually invalid and that the error message is not a bug?

In case you are still wondering what was the reason of my problems I can tell you ... I mistook SIGN IN with REGISTER button Roll Eyes

Quote from: sunsilk on April 29, 2019, 07:26:15 PM

Quote from: adamvp on April 29, 2019, 06:01:45 PM

I'd like to join their signature bounty; but account is required to do so Sad

BTW what are conditions of withdrawals in bustadice? Any kind of verification, KYC AML or so?

Bustadice doesn't require KYC when you're about to withdraw your funds. Mininum withdrawal is just 100 bits and fees varies depending on hows network the situation.

See it for yourself, it's easy to use and user friendly.

Thanks!
Does Bustadice has any faucet or another way to try the platform before depositing ?

Quote from: DarkStar_ on May 17, 2019, 01:11:56 PM

I have investments in all four (minus Bitvest) and both busta-sites have been much more profitable than the other two.

What kind of investments are you talking about? Can I deposit money to bustadice/bustabit to earn interest?

RHavar

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Quote from: StackGambler on May 17, 2019, 08:12:51 PM

It's mainly the fact that bustabit is the preferred choice of game for megawhales like whatevvs, FREE-JBAY, KLITZ, etc. Probably due to them being around since 2014 and always processing large withdrawals instantly. There is no crash game in the world that has a higher trust level than bustabit. Just a few days ago, the whale PredictableLegacy lost 220 BTC within a few games. I mean, it could have gone the other way too... I guess luck/variance is also a pretty major factor. But yeah, everything seems to be going very well for the two sites, and I hope it continues.

I actually don't think whales had much to do with it. Bustabit in the original days was (intentionally!) very unappealing to whales. For a significant time, while it underwent a significant amount of growth with a max bet under $100 USD. So i think the whales came later, after it was popular and had a big history of being trustworthy.

It's hard to know for sure, but I suspect one of the biggest factors was actually the withdrawal system.

As you mentioned, bustabit has consistently processed huge withdrawals instantly without bullshit. Pretty much everyone else screws this up. It blows my mind that other casinos will make people wait a day or more days to get their winnings, so they can "investigate" or what ever. You often get someone who's super happy about having won money (and thus had a great experience) and then stress them out while they're anxiously awaiting their withdrawal. I realize there's a security trade-off to be made, but I'm pretty sure that instantly processing huge withdrawals and wins is the right way to go.

I also think busta* is a pretty neat size, where it's big and professionally run enough so you know it's not going anywhere. But small enough you can still easily talk to the owner, get good support etc.

StackGambler

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Quote from: JollyGood on May 17, 2019, 01:33:30 PM

Quote from: DarkStar_ on May 17, 2019, 01:11:56 PM

Quote from: JollyGood on May 17, 2019, 12:45:55 PM

About Bustadice, here is what I got by clicking the invest link:

Overview
Total bankroll   Ƀ 5,404.98662396
Onsite bankroll   Ƀ 2,037.58549574
Offsite bankroll   Ƀ 3,367.40112822
Investors' total profit

What I am curious to know are the number of investors the site has and what makes Bustadice such an attractive proposition for investors to go to? Think about it, 5400+ BTC as total bankroll are phenomenal numbers.

Bustadice (and Bustabit) have the highest volume compared to bankroll size numbers of most (or all) other sites that offer investment. bustadice had a 53% bankroll turnover in the past week and bustabit had 73% turnover. YOLODice has had a bit over 3.1%. Crypto-Games had 25%. BitVest had 2.2%.

Your expected profit is much higher than it would be on other sites as there's much more consistent volume. I have investments in all four (minus Bitvest) and both busta-sites have been much more profitable than the other two.

Those figures for Bustabit and Bustadice are highly impressive especially when you listed several competitors as comparators.

With an excellent reputation and very easy on the eye UI/layout there number of dual investors in both Bustabit and Bustadice are probably high too.

Can anybody recall the moment when Bustabit and Bustadice transformed in to the highly successful sites we see today? Was it promotion or word of mouth that helped it along the way? Or was it something else?

It's mainly the fact that bustabit is the preferred choice of game for megawhales like whatevvs, FREE-JBAY, KLITZ, etc. Probably due to them being around since 2014 and always processing large withdrawals instantly. There is no crash game in the world that has a higher trust level than bustabit. Just a few days ago, the whale PredictableLegacy lost 220 BTC within a few games. I mean, it could have gone the other way too... I guess luck/variance is also a pretty major factor. But yeah, everything seems to be going very well for the two sites, and I hope it continues.

JollyGood

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Quote from: DarkStar_ on May 17, 2019, 01:11:56 PM

Quote from: JollyGood on May 17, 2019, 12:45:55 PM

About Bustadice, here is what I got by clicking the invest link:

Overview
Total bankroll   Ƀ 5,404.98662396
Onsite bankroll   Ƀ 2,037.58549574
Offsite bankroll   Ƀ 3,367.40112822
Investors' total profit

What I am curious to know are the number of investors the site has and what makes Bustadice such an attractive proposition for investors to go to? Think about it, 5400+ BTC as total bankroll are phenomenal numbers.

Bustadice (and Bustabit) have the highest volume compared to bankroll size numbers of most (or all) other sites that offer investment. bustadice had a 53% bankroll turnover in the past week and bustabit had 73% turnover. YOLODice has had a bit over 3.1%. Crypto-Games had 25%. BitVest had 2.2%.

Your expected profit is much higher than it would be on other sites as there's much more consistent volume. I have investments in all four (minus Bitvest) and both busta-sites have been much more profitable than the other two.

Those figures for Bustabit and Bustadice are highly impressive especially when you listed several competitors as comparators.

With an excellent reputation and very easy on the eye UI/layout there number of dual investors in both Bustabit and Bustadice are probably high too.

Can anybody recall the moment when Bustabit and Bustadice transformed in to the highly successful sites we see today? Was it promotion or word of mouth that helped it along the way? Or was it something else?

DarkStar_

legendary

Activity: 2772

Merit: 3282

Quote from: JollyGood on May 17, 2019, 12:45:55 PM

About Bustadice, here is what I got by clicking the invest link:

Overview
Total bankroll   Ƀ 5,404.98662396
Onsite bankroll   Ƀ 2,037.58549574
Offsite bankroll   Ƀ 3,367.40112822
Investors' total profit

What I am curious to know are the number of investors the site has and what makes Bustadice such an attractive proposition for investors to go to? Think about it, 5400+ BTC as total bankroll are phenomenal numbers.

Bustadice (and Bustabit) have the highest volume compared to bankroll size numbers of most (or all) other sites that offer investment. bustadice had a 53% bankroll turnover in the past week and bustabit had 73% turnover. YOLODice has had a bit over 3.1%. Crypto-Games had 25%. BitVest had 2.2%.

Your expected profit is much higher than it would be on other sites as there's much more consistent volume. I have investments in all four (minus Bitvest) and both busta-sites have been much more profitable than the other two.

Topic: bustadice – Dilution fee lowered to 1% - page 21. (Read 37217 times)