CasinoBitco.in - October end of month update:
Thanks as always to our investors for their gracious support and patience! We believe strongly in the power and potential of bitcoin, and are working diligently to make CasinoBitco.in the best place to play.
The monthly report can be accessed from HavelockInvestments:
https://www.havelockinvestments.com/reportdownload.php?id=37
From the report:
"October saw solid results, especially after mitigations were put in place to hinder sharp, or professional, sports betting. As previously mentioned mid-way through the month - players were up around 74 BTC from 10/1/13 to 10/15/13; however, for the tail end of the month (10/16/13 - 11/1/13) the house earned nearly 40 BTC signaling that mitigations and new product developments are helping CasinoBitco.in turn the corner."
-Metrics sheet updated:
https://docs.google.com/spreadsheet/ccc?key=0AmSWZWkGJ1V3dFpxZHVTN0x6ZldUeHRteWdBd1pMNXc#gid=15
-Finances updated:
https://docs.google.com/spreadsheet/ccc?key=0AmSWZWkGJ1V3dDl0STVudkZBUm1fRTlXMUFzZ3dkUXc&usp=drive_web#gid=9
-As discussed in the monthly PDF, page 3, we are seeking additional capital outside our "betting bankroll" to utilize for fast-track development and marketing activites. See the link here for more details: https://www.havelockinvestments.com/reportdownload.php?id=37
Thanks all for a great month of progress for bitcoin and CasinoBitco.in.
Please PM, post, or contact [email protected] with any questions.
Topic: [HAVELOCK] CasinoBitco.in (CBTC) IPO Official Thread - page 2. (Read 25056 times)
Hi all,
Report will be posted around (edit) 7 pm EST.
Report will be posted around (edit) 7 pm EST.
taking only the last 2 weeks, where are Green o Red? Not asking detail just some info.
We've had a very strong last half of October on both the Revenue side as well as the Product Development side. Complete detailed information for the past 15 days as well as full October to be shared tomorrow afternoon!
taking only the last 2 weeks, where are Green o Red? Not asking detail just some info.
We've had a very strong last half of October on both the Revenue side as well as the Product Development side. Complete detailed information for the past 15 days as well as full October to be shared tomorrow afternoon!
taking only the last 2 weeks, where are Green o Red? Not asking detail just some info.
any chance we are gonna see a dividend this month
While we're making a lot of progress, and whlie the 2nd half of the month has been encouraging, we have to make up house losses in the sportsbook for the past few weeks before a dividend can be paid.
It's very important to us to pay a fair dividend, and we hope we can do this sooner than later. More details to come, but we're going to be embarking on some significant development and marketing investments over the coming weeks, and we expect this to increase our action and earnings significantly as we win both bitcoin and traditional players over.
From the perspective of a long-term investment, all signs are promising. Other questions for the report are welcome here or via PM.
Full details to come in our October report set to be released mid-day on Nov 1st.
any chance we are gonna see a dividend this month
+1
any chance we are gonna see a dividend this month
CasinoBitco.in is proud to add "Hi-Lo" to it's provably fair HTML5 Casino! Users can play for a minimum of BTC 0.001!
Important for investors: This game has a 9.44% house edge!
http://www.casinobitco.in/casino/hi-lo
We will begin to cross-market this game in our sportsbook, as well as paid and organic search campaign tactics to bring awareness to our users.
Important for investors: This game has a 9.44% house edge!
http://www.casinobitco.in/casino/hi-lo
We will begin to cross-market this game in our sportsbook, as well as paid and organic search campaign tactics to bring awareness to our users.
Thanks for the reply and a peek at what we can look forward to in a few weeks!
We're wondering the same thing!
There's no inside job that I'm aware of - in fact we've actually had a very encouraging past week in terms of revenue and features added to the site. Feature notification will be announced as the new products are stabilized and ramped up for all customer traffic, and revenue details will come on schedule early November.
There's no inside job that I'm aware of - in fact we've actually had a very encouraging past week in terms of revenue and features added to the site. Feature notification will be announced as the new products are stabilized and ramped up for all customer traffic, and revenue details will come on schedule early November.
Why the major tank job on this stock? I understand the first 2 weeks of the month have been challenging, but people are unloading this like they have inside info to this past weeks results!
How much of the losses are from sharp action?
Jung - Good question - Roughly all of those losses were from a very small # of sharp accounts.
These players account for roughly 10% of our bets and a somewhat larger chunk of our action.
We're doing our best to minimize exposure to these players without an outright block at this point. The action has been heavily researched and determined to be legitmate, and not beyond good sports betting runs I've seen outside CasinoBitco.in. The idea is certainly to have "balanced" action, and we hope to continue to grow to that point and create incentives for that, including building in mechanisms to make our odds slightly more favorable on the side of an event we need additional wagers.
This will take a few weeks to build in but is a top priority - in the meantime, we'll limit our exposure at sports.
How much of the losses are from sharp action?
CasinoBitco.in Results of operations for the first half of October - 1st through 15th.
Sportsbook: -99.990 btc
Casino: +11.070 btc
Total: -88.92 btc
Casino Hands:
11892 games (76% last period)
405.6 btc handle (66% last period)
Challenges:
The first item we'd like to address is our 2nd consecutive sportsbook loss. We've taken serious action to mitigate further losses in the sportsbook, including heavily limiting bet size on our must vulnerable sport thus far, College Football (totals, especially).
Further actions include, as mentioned 2 weeks ago, delaying the opening line and lowering limits on bets - especially until the day of the event. We received some messages suggesting our lines were not moving, and this is why we were getting "beat" - however, this is not the case, as our lines update with the market instantly. We believe we simply had released them much too early with limits that were too high, before the market had decided on a more fair line, exposing ourselves to unnecessary risk.
Despite these changes, players had extremely positive luck/variance on "significant" spread/total bets over 1 btc risked, getting over 58% correct over the past two weeks (the win % was much lower on smaller bets). Had we not limited bet size, the result would have been much worse for the house. After researching a variety of factors to verify none of these bets were "late" or with a bad line, etc, we can only attribute this result to sharp professional action and luck. We've been able to identify accounts displaying professional tendencies, including beating the closing line at game time. Additional steps will be taken to limit exposure from professional action as necessary, including laying off at other books, and we consider this a top priority.
Traffic:
While action was strong in the sportsbook, action was slightly down in the casino, in both # of bets and total wagered. We attribute this due to some of our regular players not playing as much this period and our working to build in better promotions to keep our best players and attract more new players. We also had some negative variance in the past week reducing our revenue. We firmly believe the release of new games and built-in casino promotions will be great for driving repeat players in the future as our product becomes more entertaining.
Developments:
Hi-Lo - Our new Hi-Lo game nears completion - it's a fun, fast-paced style game that involves 12 cards from a 52 card deck being dealt face-down - players work through the cards guessing whether the number value of each progressive card will be higher or lower than the last.
Estimated release date: 2nd half October 2013
Roulette - See work in progress demo here: http://www.youtube.com/watch?v=lXPU_ZtO89Y
We're very excited about our upcoming roulette game, which is completely unique and will be hands down the best HTML5 Provably-Fair version of roulette on the market.
Estimated release date: November 2013
Sports Leagues - We've added NHL, MMA and Boxing, which have already been quite popular. In the works for this week are tennis moneyline, game handicap, 1st set, and total betting. We'll continue to add more leagues & options from there.
Marketing:
We're currently planning a major marketing campaign as we complete these new features, targeting major forums and sportsbook listing sites.
Conclusion:
Despite the negative results, our outlook remains optimistic, and we're proud of our continued work this period. We are still very well positioned to earn tremendous growth and believe some near-term development and marketing tactics will certain push us into the black.
We'll do our best to respond to any questions here - Thanks all for your patience and support!
Sportsbook: -99.990 btc
Casino: +11.070 btc
Total: -88.92 btc
Casino Hands:
11892 games (76% last period)
405.6 btc handle (66% last period)
Challenges:
The first item we'd like to address is our 2nd consecutive sportsbook loss. We've taken serious action to mitigate further losses in the sportsbook, including heavily limiting bet size on our must vulnerable sport thus far, College Football (totals, especially).
Further actions include, as mentioned 2 weeks ago, delaying the opening line and lowering limits on bets - especially until the day of the event. We received some messages suggesting our lines were not moving, and this is why we were getting "beat" - however, this is not the case, as our lines update with the market instantly. We believe we simply had released them much too early with limits that were too high, before the market had decided on a more fair line, exposing ourselves to unnecessary risk.
Despite these changes, players had extremely positive luck/variance on "significant" spread/total bets over 1 btc risked, getting over 58% correct over the past two weeks (the win % was much lower on smaller bets). Had we not limited bet size, the result would have been much worse for the house. After researching a variety of factors to verify none of these bets were "late" or with a bad line, etc, we can only attribute this result to sharp professional action and luck. We've been able to identify accounts displaying professional tendencies, including beating the closing line at game time. Additional steps will be taken to limit exposure from professional action as necessary, including laying off at other books, and we consider this a top priority.
Traffic:
While action was strong in the sportsbook, action was slightly down in the casino, in both # of bets and total wagered. We attribute this due to some of our regular players not playing as much this period and our working to build in better promotions to keep our best players and attract more new players. We also had some negative variance in the past week reducing our revenue. We firmly believe the release of new games and built-in casino promotions will be great for driving repeat players in the future as our product becomes more entertaining.
Developments:
Hi-Lo - Our new Hi-Lo game nears completion - it's a fun, fast-paced style game that involves 12 cards from a 52 card deck being dealt face-down - players work through the cards guessing whether the number value of each progressive card will be higher or lower than the last.
Estimated release date: 2nd half October 2013
Roulette - See work in progress demo here: http://www.youtube.com/watch?v=lXPU_ZtO89Y
We're very excited about our upcoming roulette game, which is completely unique and will be hands down the best HTML5 Provably-Fair version of roulette on the market.
Estimated release date: November 2013
Sports Leagues - We've added NHL, MMA and Boxing, which have already been quite popular. In the works for this week are tennis moneyline, game handicap, 1st set, and total betting. We'll continue to add more leagues & options from there.
Marketing:
We're currently planning a major marketing campaign as we complete these new features, targeting major forums and sportsbook listing sites.
Conclusion:
Despite the negative results, our outlook remains optimistic, and we're proud of our continued work this period. We are still very well positioned to earn tremendous growth and believe some near-term development and marketing tactics will certain push us into the black.
We'll do our best to respond to any questions here - Thanks all for your patience and support!
Update: 1st-half October numbers to be posted sometime this afternoon.
Me again with more questions!
Do you plan on running any promotions when you start the affiliateprogram? Much easier to draw costumers with that!
Thank you for the reply!
Will you guys up the design too? I think a gamber, like myself, wants to be thrown right into the action instead of seeing a picture.
It should be right in my face what games is coming up and the odds on them e.tc, and not very much clicking around.
Do you plan on running any promotions when you start the affiliateprogram? Much easier to draw costumers with that!
Thank you for the reply!
Will you guys up the design too? I think a gamber, like myself, wants to be thrown right into the action instead of seeing a picture.
It should be right in my face what games is coming up and the odds on them e.tc, and not very much clicking around.
Hey Jung!
We 100% agree. We're trying to re-do the home design to be more immersive
So far, our new MMA odds have been very popular, and we're getting close on 2 more casino games. Once those are live, we'll have plenty of attention for affiliates.
We also do plan on rewards/promotions once affiliates is live to help our affiliates draw players!
Me again with more questions!
Do you plan on running any promotions when you start the affiliateprogram? Much easier to draw costumers with that!
Do you plan on running any promotions when you start the affiliateprogram? Much easier to draw costumers with that!
Hi, my first post on this forum!
Very interesting site!
A few questions
1) How and when is the divident payed?
2) Why won't all of this just be wiped from the market if/when the big players start accepting bitcoins?
3) What is the counterparty risk with Havelock? Are my shares wiped out if they go down, or do I own the shares to my name?
Very interesting site!
A few questions
1) How and when is the divident payed?
2) Why won't all of this just be wiped from the market if/when the big players start accepting bitcoins?
3) What is the counterparty risk with Havelock? Are my shares wiped out if they go down, or do I own the shares to my name?
Great questions.
First - our affiliate program is still a top priority, however we've been focusing on getting a couple new games out before building it.
I expect it to be started this month and released in November.
1 - Dividend is paid on the first week of each month based on previous month operations.
2 - We hope to have significant enough competitive advantage & a large enough bitcoin player base at that point to continue to compete and grow.
3 - Havelock provides a live investor list. In the event the site went down permanently, we'd look for somewhere else to re-establish that list or manage it manually.
Thank you for the reply!
Will you guys up the design too? I think a gamber, like myself, wants to be thrown right into the action instead of seeing a picture.
It should be right in my face what games is coming up and the odds on them e.tc, and not very much clicking around.
Hi, my first post on this forum!
Very interesting site!
A few questions
1) How and when is the divident payed?
2) Why won't all of this just be wiped from the market if/when the big players start accepting bitcoins?
3) What is the counterparty risk with Havelock? Are my shares wiped out if they go down, or do I own the shares to my name?
Very interesting site!
A few questions
1) How and when is the divident payed?
2) Why won't all of this just be wiped from the market if/when the big players start accepting bitcoins?
3) What is the counterparty risk with Havelock? Are my shares wiped out if they go down, or do I own the shares to my name?
Great questions.
First - our affiliate program is still a top priority, however we've been focusing on getting a couple new games out before building it.
I expect it to be started this month and released in November.
1 - Dividend is paid on the first week of each month based on previous month operations.
2 - We hope to have significant enough competitive advantage & a large enough bitcoin player base at that point to continue to compete and grow.
3 - Havelock provides a live investor list. In the event the site went down permanently, we'd look for somewhere else to re-establish that list or manage it manually.
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