So, what happened with Peerbet?
BTC Bankroll: 117.29570653, Profit: -47.29894784 (-1.133219%)
Topic: [HAVELOCK] CasinoBitco.in CBTC - page 18. (Read 149382 times)
Cheers CasinoBitco.in!
Always in the P&L - Read the report, and you'll find the link.
Thanks
Thanks
breakdown of expenses?
breakdown of expenses?
We ended ~ -3 by the end of the month, -20.7 was in the 2 week period.
There is plenty of variance in our line of business, add that to the fact that the first few weeks of NFL (including the preseason) and NCAAF have historically 'soft' lines - and there's your answer. The difference between this year and last is that we mitigated all our Sportsbook risk with a 3rd party vendor for a monthly fee, or 25% of the profit (which ever is higher). You can trace the benefits of this new model by reviewing our full P&L or historic monthly reports.
Huge drop from +17 mid month to -20.71 by end of the month. Quite unfortunate...
There is plenty of variance in our line of business, add that to the fact that the first few weeks of NFL (including the preseason) and NCAAF have historically 'soft' lines - and there's your answer. The difference between this year and last is that we mitigated all our Sportsbook risk with a 3rd party vendor for a monthly fee, or 25% of the profit (which ever is higher). You can trace the benefits of this new model by reviewing our full P&L or historic monthly reports.
Can you explain the sportsbook to me? I know you've mentioned it before but I don't quite understand why it has underperformed so much. Casino looks great on the other hand.
Huge drop from +17 mid month to -20.71 by end of the month. Quite unfortunate...
Can you explain the sportsbook to me? I know you've mentioned it before but I don't quite understand why it has underperformed so much. Casino looks great on the other hand.
Huge drop from +17 mid month to -20.71 by end of the month. Quite unfortunate...
Can you explain the sportsbook to me? I know you've mentioned it before but I don't quite understand why it has underperformed so much. Casino looks great on the other hand.
August 2014 Earnings and Operational Report has been published to Havelock
https://www.havelockinvestments.com/reportdownload.php?id=119
https://docs.google.com/spreadsheet/ccc?key=0AmSWZWkGJ1V3dFpxZHVTN0x6ZldUeHRteWdBd1pMNXc&usp=drive_web#gid=15
A brief financial overview of the month includes:
3.6576 BTC loss in the Sportsbook
+25.86 BTC revenue in the CasinoBitoco.in HTML5 Casino
+1.83 BTC revenue across the Peerbet/Bit777 Properties
24.03 BTC in combined revenues
19.429 BTC in combined expenses (at a BTC/USD rate of $489)
= +4.6081 BTC combined operating revenue
With US Football season underway we are seeing excellent traffic and a large increase in handle and we remain confident the efforts we've put forth in offsetting our risk with the 3rd party odds provider will yield positive results!
https://www.havelockinvestments.com/reportdownload.php?id=119
https://docs.google.com/spreadsheet/ccc?key=0AmSWZWkGJ1V3dFpxZHVTN0x6ZldUeHRteWdBd1pMNXc&usp=drive_web#gid=15
A brief financial overview of the month includes:
3.6576 BTC loss in the Sportsbook
+25.86 BTC revenue in the CasinoBitoco.in HTML5 Casino
+1.83 BTC revenue across the Peerbet/Bit777 Properties
24.03 BTC in combined revenues
19.429 BTC in combined expenses (at a BTC/USD rate of $489)
= +4.6081 BTC combined operating revenue
With US Football season underway we are seeing excellent traffic and a large increase in handle and we remain confident the efforts we've put forth in offsetting our risk with the 3rd party odds provider will yield positive results!
Update!
We are going to push the publication of the August report to tomorrow as we have some minor updates to the detailed report that will be completed early tomorrow.
Once completed, we will publish in Havelock, as well as link within this thread tomorrow.
We're working on the end of month report, but don't plan to release it until Monday, 9/8. We have a lot to cover!
Thanks all.
Looking forward to it. It was a solid mid-month financially
We are going to push the publication of the August report to tomorrow as we have some minor updates to the detailed report that will be completed early tomorrow.
Once completed, we will publish in Havelock, as well as link within this thread tomorrow.
How's the end of the month report coming along? Mid month seemed solid.
We're working on the end of month report, but don't plan to release it until Monday, 9/8. We have a lot to cover!
Thanks all.
Looking forward to it. It was a solid mid-month financially
How's the end of the month report coming along? Mid month seemed solid.
We're working on the end of month report, but don't plan to release it until Monday, 9/8. We have a lot to cover!
Thanks all.
Looking forward to it. It was a solid mid-month financially
How's the end of the month report coming along? Mid month seemed solid.
We're working on the end of month report, but don't plan to release it until Monday, 9/8. We have a lot to cover!
Thanks all.
How's the end of the month report coming along? Mid month seemed solid.
As soon as the markets are available with our 3rd party. We have some questions out with them - hoping to hear back early next week.
sup guys, at the book,when do u think 1st and 2nd half lines are gonna be implemented, u guys got it listed but nothing so far. u gotta at least do 2nd half lines to pull in the chasers .
sup guys, at the book,when do u think 1st and 2nd half lines are gonna be implemented, u guys got it listed but nothing so far. u gotta at least do 2nd half lines to pull in the chasers .
Good result
Definitely. Things are starting to look up! Hopefully we can get the share prices to rise as well,
. 
Good result
We recommend folks to read row 17 for period performance in the Book and Casino
The graphs are a bit confusing because you're reporting it as if it was a running balance, like a bank account. You'd be better served with bar graphs, so that people can see the absolute change from period to period more easily.
Going from -67 to -50 is much harder to read than seeing +17
Hi for the last period the sportsbook was up 17.05 BTC.
That said, we can't beat variance, however, we have offset all risk in the sportsbook with a 3rd party vendor that takes a portion of the profits for 100% of the liability (minus a fee)
That said, we can't beat variance, however, we have offset all risk in the sportsbook with a 3rd party vendor that takes a portion of the profits for 100% of the liability (minus a fee)
Looking over the public spreadsheet, I noticed that the sportsbook has been ending the weeks with a loss. How do you guys expect to turn that from a loss to a gain?
The graphs are a bit confusing because you're reporting it as if it was a running balance, like a bank account. You'd be better served with bar graphs, so that people can see the absolute change from period to period more easily.
Going from -67 to -50 is much harder to read than seeing +17
Hi for the last period the sportsbook was up 17.05 BTC.
That said, we can't beat variance, however, we have offset all risk in the sportsbook with a 3rd party vendor that takes a portion of the profits for 100% of the liability (minus a fee)
That said, we can't beat variance, however, we have offset all risk in the sportsbook with a 3rd party vendor that takes a portion of the profits for 100% of the liability (minus a fee)
Looking over the public spreadsheet, I noticed that the sportsbook has been ending the weeks with a loss. How do you guys expect to turn that from a loss to a gain?
The graphs are a bit confusing because you're reporting it as if it was a running balance, like a bank account. You'd be better served with bar graphs, so that people can see the absolute change from period to period more easily.
Going from -67 to -50 is much harder to read than seeing +17
Hi for the last period the sportsbook was up 17.05 BTC.
That said, we can't beat variance, however, we have offset all risk in the sportsbook with a 3rd party vendor that takes a portion of the profits for 100% of the liability (minus a fee)
That said, we can't beat variance, however, we have offset all risk in the sportsbook with a 3rd party vendor that takes a portion of the profits for 100% of the liability (minus a fee)
Looking over the public spreadsheet, I noticed that the sportsbook has been ending the weeks with a loss. How do you guys expect to turn that from a loss to a gain?
Looking over the public spreadsheet, I noticed that the sportsbook has been ending the weeks with a loss. How do you guys expect to turn that from a loss to a gain?
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