Topic: [HAVELOCK] CasinoBitco.in CBTC - page 29. (Read 149382 times)

havelock's homepage --> our funds --> look under next dividend
i guess it could be inaccurate.

Where are you getting this info?

looks like divs are 0.00000074/s?
increase from 0.00000064/s last time.

To the Moon not sure what is the proper gambling term
To the Casino and don't feed the whale too much perhaps

Awesome!

Great! Wait for the report of March.
We have a great revenue in the first half of March,as the BTC/USD go down, I wish we could get a wonderful income
this month!

Just an Update - Full March report, and dividend details, will be posted by Thursday 4/3/14 end of business.

I was having issues logging in earlier.

Anybody else having issue(s) trying to buy/sell on havelock?

I would love to see some numbers on the % of sportsbook winnings that are then turned around and lost back to the casino games. I think people are more likely to gamble their "free" money so the real sportsbook losses could potentially be lower.

I am also wondering if we have any future plans to integrate some sort of real world betting on the site, much like the features on http://www.bitbet.us. Maybe this could help offset sports sharks?

Good news

Mid March numbers (3/1 - 3/15) have been posted in the following location: https://docs.google.com/spreadsheet/ccc?key=0AmSWZWkGJ1V3dFpxZHVTN0x6ZldUeHRteWdBd1pMNXc&usp=sharing#gid=16

Synopsis: Overall, March thus far has been relatively consistent in all operations showing a profit of +18.05 BTC for the period.  While we have opportunities in our Sportsbook and our Acquired Properties, we did have our most profitable 15 day period to date (as it relates to USD revenue) in our Casinos with an overall profit of 21.95 BTC (breakdown below):

CBTC Casino: +17.80 BTC
Bit777/PeerBet: +4.15 BTC

While we are are pleased to inform unit holders that the revenue for Bit777/Peerbet is rather steady and not prone to the negative variance seen in the CasinoBitco.in Sportsbook, we do have a lot of opportunity to grow revenue as we make changes to the Usability, Player Retention, Promotions, and overall cross-brand awareness -  all of which are in-flight.

For the same period our sportsbook is down -3.9 BTC. As mentioned briefly in the past - we are working with a 3rd party market maker who will help us mitigate our risk in the Sportsbook altogether, and we are close to finalizing this deal as early as this upcoming week. Once finalized, our development team will work on integrating with the new provider - our target for completion will be the end of April. Until that project is completed we will be doing our best to micro-manage the Sportsbook to ensure either a small loss or gain.

Regarding the BitBook.biz closure, we’ve seen this as a very large opportunity to earn more players - and can confirm our traffic has increased around the same time period they closed. At the same time this brings larger threats of attacks. We’re content to share with investors, our players, and the world that we store absolutely no coins on our physical servers but instead use a 3rd party hosted solution for our hot wallet. Further, there are automated mechanisms in place to routinely move coins from the hot wallet to our cold wallet once a certain balance is reached - this process occurs daily.

First of all I really like your site and hope that you will attract more visitors in the coming months!

Suggestions:

- I really like the fact that I can bet on German Bundesliga and the Premier League. Is it possible to include international soccer events like the Champions League or the World Championship? I think this would attract a lot of visitors.

- How about implementing some Altcoins for deposits like Litecoin, Doge or NXT? Other Casinos do so and I think this approach may be very profitable.

Thank you and keep up the AWESOME work!

As a shareholder of CBTC, I think CBTC is doing fine. Sportsbook is what distinguishes CBTC from other casinos.

At least CBTC is being honest and transparent. Mt.Gox is a bad example to follow.

Yes, there is a Vig on all events, we actually increased it from -107 to -109 earlier this month.

And, I don't like doing this, cause I don't want to jinx it, but so far this month we're doing just fine in the Sportsbook and beating expectations in the CBTC Casino as well as Bit777/Peerbet. I'll have the official, non-jinx worthy, numbers on the 16th... but at this point, I'm not overly concerned. That said, I still think long-term, we need to mitigate (or isolate) Sportsbook risk - and I'm working hard on that guys!

Are we charging a vig? If not then why not and should we at least consider charging one while we get these issues fleshed out?

As I briefed earlier, I'm looking very hard to mitigate all sportsbook risk for CasinoBitco.in -- I agree, right now it's a big liability, but at the same time, it brings a lot of folks into our Casino and helps us differentiate ourselves from all the other Provably Fair Shops.  

I also stand by the fact that we can make money in the Sportbsook, but it needs to be managed a bit differently than how we're doing it today. Good news is that I've been in sessions with a few market makers, and I think we have a good solution moving forward. Where we are now is just determining the correct pricing, and technical implementation before signing the dotted line. I'm hopeful to have a report for all investors on a moving forward strategy for the monthly report due in Early April.

What will you do if the sportbook is again not profitable this month? How many months are you willing to lose the gains of the casinogames to the sportbook?
This is no attack, i just want to know what are your plans if the sportbook is a bottomless pit, are you willing to cut it?

No - we don't, candidly I've reached out to them a few times and they haven't given me the time of day.

My guess (only), and you can see our numbers are extremely transparent, they realized running a bitcoin sportsbooks isn't profitable without dedicated micro-management. Right now, it's our opinion that all the sports-betting sharks are crushing Bitcoin Sportsbooks. Overtime, as BTC becomes more common - the average bettor will find their way to us because gambling with Bitcoin is just a perfect fit... instant deposits, withdrawals, etc - I'm overly bullish that it's just a matter of time when this happens.

All that said, there are several ways to mitigate a lot of the risk in the sportsbook - I've been heads-down working on several solutions, hopefully one will pan out soon so I can report on it at the end of the month.

Do you know why it was shut down ?