Topic: [HAVELOCK] CasinoBitco.in CBTC - page 25. (Read 149327 times)

It says the switch is to take effect as of June(this month), while the report was for last month.

CasinoBitco.in - Can you confirm that this means that we should no longer see any negatives under sportsbook from now on?

I did read the report. They were still losing BTC after the switch if I am not mistaken. Im not bashing them, the gambling sector is expected to have losses. Im just saying as an investor, that watching a unit of this business lose consistently is a bit unnerving. Im glad its being outsourced to a 3rd party. Hopefully next months report is brighter.

I don't actually bet on sports - so I am just wondering... Previously we were known for having some of the best odds available, is this still true? How have our odds, vigs and anything else we offer to the customer changed due to this switchover?

Mr_e is correct - as our sportsbook is now technically with a 3rd party - we're not assuming any of that risk anymore (or rather we have very limited as some sports like UFC for example we will continue to support in our legacy platform). But overall 90%+ of our sportsbook volume will be with a 3rd party, and that's been the case as of a few days ago.

Did you not read the report? It was mentioned numerous times that as of June the sportsbook is now being handled by a third party and covering all risk, while only taking 25% profit. That is a far cry from how we are doing now. Not sure how you missed that part...

Im a bit dismayed by this month's performance. While yes its usual for bad months, the sportsbook has repeatedly lost large sums. Infact, according to the spreadsheet has lost CBTC nearly $16,000. I would highly suggest looking into selling off the sportsbook section or closing it down. While I understand its important to offer a "complete package" to gamblers, the cost its coming at doesn't justify it. I will be holding my shares, but not adding any additional shares to my portfolio until the sportsbook is sorted out one way or another.

Keep up the hard work!

The May Report has been posted on Havelock Investments: https://www.havelockinvestments.com/reportdownload.php?id=97

To steal from the document - Today we posted our May 2014 results - marking a full year of operations! We’re proud to reach this milestone, and thank our investors and Havelock Investments for the important part they’ve played in our expansion and on-going development.

As you know we suffered some negative variance early in the month on both the Sportsbook and PeerBet side. Fortunately results began to normalize again towards the second half of the month, making up some of the lost ground, but not enough to be in the black for the month - so there is no dividend to report in May. 

While this is an unfortunate part of the business we hope to avoid in the future - we feel we’ve taken the appropriate action to avoid these types of results in the future by our latest strategic change regarding our sportsbook which has been the main culprit that hampers our overall positive Casino revenue.  The results of going to a third-party sportsbook provider are twofold - good for the operation, by drastically limiting our risk while still leaving significant upside (we’ve joined a form of a “liquidity pool” for lines, which will be dynamic based on the projections and current bet volume of our third-party), and also good for our players, as this will enable us to offer “smart limits” with player profiling, ultimately resulting in far more betting options and house vigor.

Hi Folks - Full May report and updates on roadmap items will be posted on Havelock Investments no later than Tuesday June 3rd.

Is it not true that a rising btc price means more adoption, more users, more media attention... more gamblers? Does a rising tide not carry all boats?

The price was higher in Nov/Dec when btc was  in it's bubble, 2x it's value now...

Stocks really taking a beating these days... I hope things are looking a little more positive for the end of month report!

All numbers posted have left the building, they were verified as valid winnings.

So is the -13 btc paid out or is it in review?

And apologies for my previous outburst... I woke up hung over from a fairly upsetting evening and I shouldn't have posted in that state. I know you guys are working hard, keep it up!

Amen!

While this upsets a lot of people, I think it's better to be safe than sorry. I'd rather have a delay on getting my money than to find that the site has gone under as a result of NOT delaying, and get absolutely nothing.

To most Bit777 and Peerbet user's dissatisfaction, we do hold quite a bit of withdrawals as we investigate to root out foul play.

Yea, something felt very off with peerbet and earnings... I hope any potentially illegitimate funds are held in mediation while it's sorted.

We don't disagree - we actually disabled Dice for a bit last week as we saw very unexpected results, and have put our security expert on top of finding more issues with both the Wheel and Dice. Note - Bit777 had a bug, but it wasn't costing us any revenue and has been patched.

We are also very much aware PeerBet needs a complete face-lift, and is yet another thing we're tracking with that property.

Something is seriously wrong with your Bit777/PeerBet revenue. Almost 100% sure you have a glitch that allows ppl to steal coins.

lol, u srs?

Our feedback for all investors in this security is to remain patient, a true business will yield returns over-time. If anyone is promising big returns < 1 year in, they are assuredly scams (and you don't need to look very far to see practical use cases).

While my team and I often get caught up in the short-term results, we remain positive that we are all in this for the long haul. Bitcoin is young, our business is even younger - but gambling with Bitcoin IS the future.