[DICE]Bikinidice, Multicurrency,auto bet, range selector.AUCTION, PLEASE ENTER !! - page 27.

waterpile

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Quote from: BikiniDice on November 04, 2014, 01:03:29 PM

Quote from: o_o on November 04, 2014, 12:59:22 PM

how much is percentage of bankroll that a single player can win with a bet? However, good casinò.

Currently 2%.

When we reach 5 BTC of bankroll we will lower to 1%.
The target is 0.5% as suggested by dooglus (think on 20 BTC of bankroll).

so is 5BTC your magic number to ran away with? Roll Eyes

o_o

full member

Activity: 132

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Quote from: dooglus on November 04, 2014, 01:31:50 PM

Quote from: BikiniDice on November 04, 2014, 03:58:16 AM

@dooglus
We will change maximum profit per bet (from 2% to 1%) when we reach 5 BTC of bankroll.
So, what are you waiting for? Help us to achieve the first target (5 BTC) Grin

I'm not waiting for anything. I have no intention of investing with you.

Why all of this antipathy in confront of Bikinidice? What's wrong with you? I don't understand Angry

BikiniDice

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Quote from: dooglus on November 04, 2014, 01:31:50 PM

I'm not waiting for anything. I have no intention of investing with you.

Thank you Bro! Grin

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: BikiniDice on November 04, 2014, 03:58:16 AM

@dooglus
We will change maximum profit per bet (from 2% to 1%) when we reach 5 BTC of bankroll.
So, what are you waiting for? Help us to achieve the first target (5 BTC) Grin

I'm not waiting for anything. I have no intention of investing with you.

BikiniDice

full member

Activity: 238

Merit: 100

Quote from: BitCoinNutJob on November 04, 2014, 01:16:31 PM

I got a feeling this site could be like dogecoin and end up really popular due to quirky name, best of luck Grin

Me too

We are working hard on this project!

BitCoinNutJob

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I got a feeling this site could be like dogecoin and end up really popular due to quirky name, best of luck Grin

o_o

full member

Activity: 132

Merit: 100

Quote from: BikiniDice on November 04, 2014, 01:03:29 PM

Quote from: o_o on November 04, 2014, 12:59:22 PM

how much is percentage of bankroll that a single player can win with a bet? However, good casinò.

Currently 2%.

When we reach 5 BTC of bankroll we will lower to 1%.
The target is 0.5% as suggested by dooglus (think on 20 BTC of bankroll).

Good way, with this system there is possibility to protect the investor which has invested in your dice casinò. Effectively bankroll of your site is high.

BikiniDice

full member

Activity: 238

Merit: 100

Quote from: o_o on November 04, 2014, 12:59:22 PM

how much is percentage of bankroll that a single player can win with a bet? However, good casinò.

Currently 2%.

When we reach 5 BTC of bankroll we will lower to 1%.
The target is 0.5% as suggested by dooglus (think on 20 BTC of bankroll).

o_o

full member

Activity: 132

Merit: 100

how much is percentage of bankroll that a single player can win with a bet? However, good casinò.

Gianluca95

legendary

Activity: 1624

Merit: 1196

Reputation first.

Quote from: BitCoinNutJob on November 04, 2014, 12:25:55 PM

Quote from: erre on November 04, 2014, 11:21:58 AM

I decided to invest here also because interest in boobs is growing steady, and it dosen't seems like a bubble

Just dont go all in on boobs, as good as they look right now there are plenty of other areas to diversify your hard earned gravy.

Yes, but a new dice casinò which is managed from some people which works hard in it makes me some desire to invest in it. This is my opinion.

BitCoinNutJob

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Activity: 1330

Merit: 1000

Quote from: erre on November 04, 2014, 11:21:58 AM

I decided to invest here also because interest in boobs is growing steady, and it dosen't seems like a bubble

Just dont go all in on boobs, as good as they look right now there are plenty of other areas to diversify your hard earned gravy.

TheBomber999

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Activity: 1274

Merit: 1001

"shh, he's coding..."

Quote from: erre on November 04, 2014, 11:21:58 AM

I decided to invest here also because interest in boobs is growing steady, and it dosen't seems like a bubble

Genius.

erre

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Activity: 1680

Merit: 1205

I decided to invest here also because interest in boobs is growing steady, and it dosen't seems like a bubble

host image

Gianluca95

legendary

Activity: 1624

Merit: 1196

Reputation first.

In this moment I've just invested 0.1BTC in this beauty casinò. I want to give trust to BikiniDice for its work and I believe in its project.

BikiniDice

full member

Activity: 238

Merit: 100

@dooglus
We will change maximum profit per bet (from 2% to 1%) when we reach 5 BTC of bankroll.
So, what are you waiting for? Help us to achieve the first target (5 BTC) Grin

@eden1
You've got voucher in PM Wink

erre

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Activity: 1680

Merit: 1205

Quote from: dooglus on November 03, 2014, 06:42:43 PM

Quote from: erre on November 03, 2014, 03:46:52 PM

Ok, so the expected variance is actually double than JD at the start, right? What is the risk of default?

No, I don't think so. I don't think the variance increases linearly with the percentage risked.

There's a chart which shows how variance and expected gains vary based on the percentage risked. I googled "variance kelly" but didn't find it. What I did find is bikini-rated, and probably not safe for work, depending on where you work:

http://i.imgur.com/jgEcI.gif

OK, so now I found it:

https://s3.amazonaws.com/ibankcoin/203/files/2012/02/Kelly-Criterion.jpg from http://ibankcoin.com/hattery/2012/02/06/february-trend-report/

Note that at 2x kelly your expected bankroll growth is zero and your volatility is massive.

http://drbobsports.com/images%5Coverbetting.jpg is easier to read.

Thank you doog (expecially for the bikini link

)

So the variance dosen't increase linearly, right, but it should be my only concern, or not? In the long run, if bankroll is replenished and don't default, I would expect a return equal to 1% of wagered amount.

Is a kelly number of 2 equals to a max win of 2% of the bankroll? I think your graph is about fractions of f*, not of the total bankroll. Seems to me that they are pretty different concepts. Given:

I have all the variables to calculate kelly for a single bet, but how I can calculate f* for many consecutive irregular bets? ?

eden1

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Activity: 78

Merit: 10

★Bitin.io★ - Instant Exchange

0.001
i think

King Agamemnon

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Activity: 109

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I couldnt find the minimum invest amount.. What is it?

dooglus

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Quote from: erre on November 03, 2014, 03:46:52 PM

Ok, so the expected variance is actually double than JD at the start, right? What is the risk of default?

No, I don't think so. I don't think the variance increases linearly with the percentage risked.

There's a chart which shows how variance and expected gains vary based on the percentage risked. I googled "variance kelly" but didn't find it. What I did find is bikini-rated, and probably not safe for work, depending on where you work:

http://i.imgur.com/jgEcI.gif

OK, so now I found it:

https://s3.amazonaws.com/ibankcoin/203/files/2012/02/Kelly-Criterion.jpg from http://ibankcoin.com/hattery/2012/02/06/february-trend-report/

Note that at 2x kelly your expected bankroll growth is zero and your volatility is massive.

http://drbobsports.com/images%5Coverbetting.jpg is easier to read.

eden1

member

Activity: 78

Merit: 10

★Bitin.io★ - Instant Exchange

Gemma Atkinson

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