What is happening is really unbelievable.
enhpad turned 50BTC into 2,300, then lost it back.
20:15:49 (43175)
Topic: Just-Dice.com : Invest in 1% House Edge Dice Game - page 112. (Read 435357 times)
What is happening is really unbelievable.
enhpad turned 50BTC into 2,300, then lost it back.
20:15:49 (43175)
So with 10 BTC investment you can theoretically earn 1.25 from 5K profit swing?
5000 / 40.000 * 10 = 1.25
Let's assume there will be 5 x 5k profit swings in a day, it could earn you about 6.25 Bitcoins with a 10 BTC investment if you step in and out at the right time.
This is without taking divesting fees into account.
5000 / 40.000 * 10 = 1.25
Let's assume there will be 5 x 5k profit swings in a day, it could earn you about 6.25 Bitcoins with a 10 BTC investment if you step in and out at the right time.
This is without taking divesting fees into account.
3 player currently making 100btc+ bets, holy hell...
Don;t you wish the max profit was 1% so we could have even higher variance?Mechs, you amaze me. You do realize that the more players we have doing near max profit bets the lesser variance we have, right?
And YES, I'd like to have full Kelly again, as 99% of investors who understand how math works.
If it hurts seeing your investment going up and down, don't invest in a casino, or invest less coins in it.
You known using half kelly is not uncommon?
holy crap from -6k to +1 in minutes. insane. insane day.. half of volume from creation til yesterday was bet today..
He trying to break the bank. Wow people retracted 10K bitcoins from their investments in a few hours.
em, we went from +5k to -6k, thats a 11k wipe in equity. it appears people are staying in..
profit effects bankroll, directly and linearly
holy crap from -6k to +1 in minutes. insane. insane day.. half of volume from creation til yesterday was bet today..
em, we went from +5k to -6k, thats a 11k wipe in equity. it appears people are staying in..
I don't think the profit affects the equity?
not percentual, however the amount invested decreases/increases with loss/profit
Wow people retracted 10K bitcoins from their investments in a few hours.
em, we went from +5k to -6k, thats a 11k wipe in equity. it appears people are staying in..
not percentual, however the amount invested decreases/increases with loss/profit
Wow people retracted 10K bitcoins from their investments in a few hours.
em, we went from +5k to -6k, thats a 11k wipe in equity. it appears people are staying in..
Wow people retracted 10K bitcoins from their investments in a few hours.
About 6k were divested Wow people retracted 10K bitcoins from their investments in a few hours.
em, we went from +5k to -6k, thats a 11k wipe in equity. it appears people are staying in..
Wow people retracted 10K bitcoins from their investments in a few hours.
Everyone needs to relax, the more bets he does at max bet, the harder it becomes to win. He's doing lots of max bets
correct me if i'm wrong, but the max bet was below 100btc and immediately the site is wildly profitable
the max bet is above 100btc and immediately started bleeding thousands of coins (again)
buhht erts jerts vurrance!!
the max bet is above 100btc and immediately started bleeding thousands of coins (again)
buhht erts jerts vurrance!!
The site is profitable at any limit: it has an edge >0. Max bet only affects risk of ruin. To avoid bankruptcy the Kelly criterion is used (which implies 1% max bet).
correct me if i'm wrong, but the max bet was below 100btc and immediately the site is wildly profitable
the max bet is above 100btc and immediately started bleeding thousands of coins (again)
buhht erts jerts vurrance!!
the max bet is above 100btc and immediately started bleeding thousands of coins (again)
buhht erts jerts vurrance!!
you are wrong, read thread.
back to -3k now
correct me if i'm wrong, but the max bet was below 100btc and immediately the site is wildly profitable
the max bet is above 100btc and immediately started bleeding thousands of coins (again)
buhht erts jerts vurrance!!
the max bet is above 100btc and immediately started bleeding thousands of coins (again)
buhht erts jerts vurrance!!
Sweet, -6k. Down almost 20% on my investment, this is going to be hard to recover if Nako stops now...
Why would he stop? He has a *system* which makes him guaranteed money for little effort
Sweet, -6k. Down almost 20% on my investment, this is going to be hard to recover if Nako stops now...
i doubt we'll see -5000 again.
yeaaaah, about that..
3 player currently making 100btc+ bets, holy hell...
Don;t you wish the max profit was 1% so we could have even higher variance?Mechs, you amaze me. You do realize that the more players we have doing near max profit bets the lesser variance we have, right?
And YES, I'd like to have full Kelly again, as 99% of investors who understand how math works.
No way, broseph. We won when we were at 1/4 Kelly and lost since we've been at 1/2 Kelly so LDO 1e-12 Kelly max bet will produce unlimited profits LOL :-P
Yes, it is fair because the rules didn't change mid game. Investors know what variance and expected value is, and they should only be investing what they are comfortable with or take action when site action moves in a direction they are not comfortable with.
I guess we have different definitions of "fair" - to me it means I get exactly what I agreed to.
only 10% divestment today, and they'll go back in when the whales stop playing.
stop whining about variance. either understand math or dont invest here.
if we set to 1/4 kelly we miss out on a lot of profit in the long run. 1/2 is a good compromise. feel free to divest at any time.
I am just asking a question - would you rather have 1% max bet as opposed to current 0.5%? stop whining about variance. either understand math or dont invest here.
if we set to 1/4 kelly we miss out on a lot of profit in the long run. 1/2 is a good compromise. feel free to divest at any time.
only 10% divestment today, and they'll go back in when the whales stop playing.
stop whining about variance. either understand math or dont invest here.
if we set to 1/4 kelly we miss out on a lot of profit in the long run. 1/2 is a good compromise. feel free to divest at any time.
stop whining about variance. either understand math or dont invest here.
if we set to 1/4 kelly we miss out on a lot of profit in the long run. 1/2 is a good compromise. feel free to divest at any time.
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