Topic: DADICE : exposing investors to more risk than their kelly, misleading informatio - page 6. (Read 6849 times)

Quote from: bodgybrothers on July 09, 2015, 07:13:47 AM

Well we have paid out a big winner yesterday 19 btc, a few weeks back the OP 18. So it seems we can Cheesy

The OP won 9 not 18. Sort out your math before making a fool of yourself. 9btc deposit, bet 2x, cash out 18. Which is a win of 9. You really like over exaggerating stats, don't you?

Did you ever cash out that other 20btc win? Do you have the transaction ID?

Profit was not only 9 BTC, since 2 other bet IDs were provided and there are even more since it was result of consecutive wins. The fact about that bet is THE MAX. PAYOUT OF 20 BTC which let that bet happen (as it has always been 20 BTC max. payout on Da Dice), Anyway the point @dadice tried to make here is to the question you asked:

So you admit you can't pay out a big winner?

Its a simple answer he made to your question.
Don't try to reshape entire conversation, everybody is aware that this alt of yours is exclusively to slander Da Dice and you are not here for reasoning.

And don't repeat same things over and over again.

Come on, you know this is my only account. If you drank beer I'd ask you to join me for one.

No thanks! I will take a rain check.

asuspc

sr. member

Activity: 328

Merit: 250

Well after reading entire thread, its very clear to me that leen is only trying to recover her losses but this is gambling

when you go as much as 10x kelly, that is a huge risk to take for some profit. You shouldn't have invested in first place if you cannot afford to lose.

And regarding QS, bodgy, etc... why these guys are everywhere where they get chance to abuse Da Dice. Especially this bodgy person seriously intrigues me.

bodgybrothers

member

Activity: 106

Merit: 10

Quote from: dadice_dev on July 09, 2015, 07:30:03 AM

Quote from: bodgybrothers on July 09, 2015, 07:25:49 AM

Quote from: bodgybrothers on July 09, 2015, 07:13:47 AM

Well we have paid out a big winner yesterday 19 btc, a few weeks back the OP 18. So it seems we can Cheesy

The OP won 9 not 18. Sort out your math before making a fool of yourself. 9btc deposit, bet 2x, cash out 18. Which is a win of 9. You really like over exaggerating stats, don't you?

Did you ever cash out that other 20btc win? Do you have the transaction ID?

Profit was not only 9 BTC, since 2 other bet IDs were provided and there are even more since it was result of consecutive wins. The fact about that bet is THE MAX. PAYOUT OF 20 BTC which let that bet happen (as it has always been 20 BTC max. payout on Da Dice), Anyway the point @dadice tried to make here is to the question you asked:

So you admit you can't pay out a big winner?

Its a simple answer he made to your question.
Don't try to reshape entire conversation, everybody is aware that this alt of yours is exclusively to slander Da Dice and you are not here for reasoning.

And don't repeat same things over and over again.

Come on, you know this is my only account. If you drank beer I'd ask you to join me for one.

dadice_dev

newbie

Activity: 48

Merit: 0

Quote from: bodgybrothers on July 09, 2015, 07:25:49 AM

Quote from: bodgybrothers on July 09, 2015, 07:13:47 AM

Well we have paid out a big winner yesterday 19 btc, a few weeks back the OP 18. So it seems we can Cheesy

The OP won 9 not 18. Sort out your math before making a fool of yourself. 9btc deposit, bet 2x, cash out 18. Which is a win of 9. You really like over exaggerating stats, don't you?

Did you ever cash out that other 20btc win? Do you have the transaction ID?

Profit was not only 9 BTC, since 2 other bet IDs were provided and there are even more since it was result of consecutive wins. The fact about that bet is THE MAX. PAYOUT OF 20 BTC which let that bet happen (as it has always been 20 BTC max. payout on Da Dice), Anyway the point @dadice tried to make here is to the question you asked:

So you admit you can't pay out a big winner?

Its a simple answer he made to your question.
Don't try to reshape entire conversation, everybody is aware that this alt of yours is exclusively to slander Da Dice and you are not here for reasoning.

And don't repeat same things over and over again.

bodgybrothers

member

Activity: 106

Merit: 10

Well we have paid out a big winner yesterday 19 btc, a few weeks back the OP 18. So it seems we can Cheesy

The OP won 9 not 18. Sort out your math before making a fool of yourself. 9btc deposit, bet 2x, cash out 18. Which is a win of 9. You really like over exaggerating stats, don't you?

Did you ever cash out that other 20btc win? Do you have the transaction ID?

leen93

sr. member

Activity: 616

Merit: 250

Quote from: bodgybrothers on July 09, 2015, 07:13:47 AM

Quote from: bodgybrothers on July 09, 2015, 07:13:47 AM

This is true if they implement the kelly criterion, his post even shows they know about the fact they didn't implement it correctly.

As I have explained earlier, it is not implemented at all and your are personally aware of it since our last discussions in March!

So you admit you can't pay out a big winner?

Well we have paid out a big winner yesterday 19 btc, a few weeks back the OP 18. So it seems we can Cheesy

yes, because you expose investors to more risk than they agreed. You took more money from them than allowed by the kelly criterion

dadice

sr. member

Activity: 252

Merit: 250

DaDice Administration

Quote from: bodgybrothers on July 09, 2015, 07:13:47 AM

This is true if they implement the kelly criterion, his post even shows they know about the fact they didn't implement it correctly.

As I have explained earlier, it is not implemented at all and your are personally aware of it since our last discussions in March!

So you admit you can't pay out a big winner?

Well we have paid out a big winner yesterday 19 btc, a few weeks back the OP 18. So it seems we can Cheesy

dadice_dev

newbie

Activity: 48

Merit: 0

Quote from: leen93 on July 09, 2015, 07:11:02 AM

This is true if they implement the kelly criterion, his post even shows they know about the fact they didn't implement it correctly.

As I have explained earlier, it is not implemented at all and your are personally aware of it since our last discussions in March!

So you admit you can't pay out a big winner?

I don't see how that is your problem, if a winner has won all of the sites bankroll, We will either arrange more or declare bankruptcy. The reason for max. payout being 20 BTC is solely a "commercial" reason not technical. This may be changed later when we believe we are commerically sound for that.

dadice

sr. member

Activity: 252

Merit: 250

DaDice Administration

This is true if they implement the kelly criterion, his post even shows they know about the fact they didn't implement it correctly.

As I have explained earlier, it is not implemented at all and your are personally aware of it since our last discussions in March!

I was not aware of this till yesterday.

That is either a lie (once again) or you are stubborn...

bodgybrothers

member

Activity: 106

Merit: 10

Quote from: glorg44 on July 09, 2015, 07:12:24 AM

This is true if they implement the kelly criterion, his post even shows they know about the fact they didn't implement it correctly.

As I have explained earlier, it is not implemented at all and your are personally aware of it since our last discussions in March!

So you admit you can't pay out a big winner?

leen93

sr. member

Activity: 616

Merit: 250

Quote from: leen93 on July 09, 2015, 07:10:12 AM

Quote from: bodgybrothers on July 09, 2015, 07:08:42 AM

Quote from: dadice_dev on July 09, 2015, 07:04:16 AM

Quote from: bodgybrothers on July 09, 2015, 06:59:37 AM

Do they not teach math in your country. If you use 1% of bankroll as max bet you get an exponential decay in bankroll that never reaches 0.
To teach you this its easier in a chart form. The bankroll is on the Y-axis and the winning bets in a row is on the X-axis. You can see that it never reaches 0, although it does reach close enough to 0 at some point.
This means you can always payout the full winnings of the user regardless how lucky they are, the worst case scenario is that the user cashes out the entire bankroll and you have nothing left. You will always be able to pay what is owed if you use this method.

The reason is "commercial" not "technical". We have started with 20 BTC max. payout for a "reason", and commercially we are doing good. This issue has been discussed before:
https://bitcointalksearch.org/topic/m.11441671 so there is no need for us to answer it again and repeat same things over and over again.

as admitted, the manual was taken from dean's site but links were later link was removed from our interface.

I am talking about the lie on your page, I invested at kelly 10 and you placed it at kelly 29 according to the kelly criterion. THAT IS THE PROBLEM

Actually, as a player wins more, your Kelly goes up exponentially until there is no money left to pay out the player.

That is the problem, kelly should be fixed liked on all other dice sites which don't have this problem.

Isn't what dadice said that kelly is fine, manual was wrong and accordance to PRC? where did you get link to it I also don't see it on site. And PRC admin made post here that it was word to word copy something but I dont know why he deleted that post.

I am discussing the problem with PRC
Yes, dadice copied the info for PRC word by word but didn't implement it. This means the information on their website was not according their system.

glorg44

full member

Activity: 196

Merit: 100

Quote from: leen93 on July 09, 2015, 07:10:12 AM

Quote from: bodgybrothers on July 09, 2015, 07:08:42 AM

Quote from: dadice_dev on July 09, 2015, 07:04:16 AM

Quote from: bodgybrothers on July 09, 2015, 06:59:37 AM

Do they not teach math in your country. If you use 1% of bankroll as max bet you get an exponential decay in bankroll that never reaches 0.
To teach you this its easier in a chart form. The bankroll is on the Y-axis and the winning bets in a row is on the X-axis. You can see that it never reaches 0, although it does reach close enough to 0 at some point.
This means you can always payout the full winnings of the user regardless how lucky they are, the worst case scenario is that the user cashes out the entire bankroll and you have nothing left. You will always be able to pay what is owed if you use this method.

The reason is "commercial" not "technical". We have started with 20 BTC max. payout for a "reason", and commercially we are doing good. This issue has been discussed before:
https://bitcointalksearch.org/topic/m.11441671 so there is no need for us to answer it again and repeat same things over and over again.

as admitted, the manual was taken from dean's site but links were later link was removed from our interface.

I am talking about the lie on your page, I invested at kelly 10 and you placed it at kelly 29 according to the kelly criterion. THAT IS THE PROBLEM

Actually, as a player wins more, your Kelly goes up exponentially until there is no money left to pay out the player.

That is the problem, kelly should be fixed liked on all other dice sites which don't have this problem.

Isn't what dadice said that kelly is fine, manual was wrong and accordance to PRC? where did you get link to it I also don't see it on site. And PRC admin made post here that it was word to word copy something but I dont know why he deleted that post.

leen93

sr. member

Activity: 616

Merit: 250

Quote from: bodgybrothers on July 09, 2015, 07:08:42 AM

This is true if they implement the kelly criterion, his post even shows they know about the fact they didn't implement it correctly.

As I have explained earlier, it is not implemented at all and your are personally aware of it since our last discussions in March!

I was not aware of this till yesterday.

leen93

sr. member

Activity: 616

Merit: 250

Quote from: dadice_dev on July 09, 2015, 07:04:16 AM

Quote from: bodgybrothers on July 09, 2015, 06:59:37 AM

Do they not teach math in your country. If you use 1% of bankroll as max bet you get an exponential decay in bankroll that never reaches 0.
To teach you this its easier in a chart form. The bankroll is on the Y-axis and the winning bets in a row is on the X-axis. You can see that it never reaches 0, although it does reach close enough to 0 at some point.
This means you can always payout the full winnings of the user regardless how lucky they are, the worst case scenario is that the user cashes out the entire bankroll and you have nothing left. You will always be able to pay what is owed if you use this method.

The reason is "commercial" not "technical". We have started with 20 BTC max. payout for a "reason", and commercially we are doing good. This issue has been discussed before:
https://bitcointalksearch.org/topic/m.11441671 so there is no need for us to answer it again and repeat same things over and over again.

as admitted, the manual was taken from dean's site but links were later link was removed from our interface.

I am talking about the lie on your page, I invested at kelly 10 and you placed it at kelly 29 according to the kelly criterion. THAT IS THE PROBLEM

Actually, as a player wins more, your Kelly goes up exponentially until there is no money left to pay out the player.

That is the problem, kelly should be fixed liked on all other dice sites which don't have this problem.

dadice

sr. member

Activity: 252

Merit: 250

DaDice Administration

Quote from: glorg44 on July 09, 2015, 07:08:15 AM

This is true if they implement the kelly criterion, his post even shows they know about the fact they didn't implement it correctly.

As I have explained earlier, it is not implemented at all - so there is no bug and your are personally aware of it since our last discussions in March!

leen93

sr. member

Activity: 616

Merit: 250

Quote from: dadice_dev on July 09, 2015, 07:04:16 AM

Quote from: bodgybrothers on July 09, 2015, 06:59:37 AM

Do they not teach math in your country. If you use 1% of bankroll as max bet you get an exponential decay in bankroll that never reaches 0.
To teach you this its easier in a chart form. The bankroll is on the Y-axis and the winning bets in a row is on the X-axis. You can see that it never reaches 0, although it does reach close enough to 0 at some point.
This means you can always payout the full winnings of the user regardless how lucky they are, the worst case scenario is that the user cashes out the entire bankroll and you have nothing left. You will always be able to pay what is owed if you use this method.

The reason is "commercial" not "technical". We have started with 20 BTC max. payout for a "reason", and commercially we are doing good. This issue has been discussed before:
https://bitcointalksearch.org/topic/m.11441671 so there is no need for us to answer it again and repeat same things over and over again.

as admitted, the manual was taken from dean's site but links were later link was removed from our interface.

I am talking about the lie on your page, I invested at kelly 10 and you placed it at kelly 29 according to the kelly criterion. THAT IS THE PROBLEM

Isn't 10 kelly actually 10 times of your investment? how much did you invest? If you invest 5, you were contributing and risking 50 BTC to bankroll. am I wrong?

yes thats true
and the max bet should be 1% of that adjusted bankroll, that is what the kelly criterion means
max bet should depend on the bankroll

bodgybrothers

member

Activity: 106

Merit: 10