Topic: Just-Dice.com : Invest in 1% House Edge Dice Game - page 162. (Read 435358 times)
how did he do it this time ? martingaling or pounding max bet
He mentioned after his betting that he would probably not play at the site anymore.. And also mentioned to he would have doog rain BTC..
We shall see if these things come true..
We shall see if these things come true..
He's said many times before that he won't play on the site any more. He has proven time and time again to be dishonest.
And he's not going to have me do anything. If he wants to "rain BTC" he can do it himself.
0_0 Jesus don't shoot the messenger!
He mentioned after his betting that he would probably not play at the site anymore.. And also mentioned to he would have doog rain BTC..
We shall see if these things come true..
We shall see if these things come true..
He's said many times before that he won't play on the site any more. He has proven time and time again to be dishonest.
And he's not going to have me do anything. If he wants to "rain BTC" he can do it himself.
holy macro was it nakowa again
Yup. He came in and "tickled" the house like he normally does..
I think he nabbed Over 500BTC.He mentioned after his betting that he would probably not play at the site anymore.. And also mentioned to he would have doog rain BTC..
We shall see if these things come true..
holy macro was it nakowa again
Opps, le house profits
His personal coins are just as our own, and is counted in commision profit. He has every right to divest/invest just as we do and take out risks. He is not required to actually invest at all with his coins.
The site is more than fair to investors, its a gamble as much as gambling there, you are investing in a casino with huge variences, today the site was over 7000 coins, if you were there and divested you would have made a very good profit. Over time the 1% line will enroach, it will take 100 mil btc wagered in my mind, the 1% is statisical and causes issues for people who think they will make 1% straight.
The liquidity in the site is a HUGE bonus overstocks, but restricts Doogs exit strageties, you should feel privileged he is doing it this way.
He needs to raise commision to 15-20% to hire site upgrades out immediately, imo.
The site is more than fair to investors, its a gamble as much as gambling there, you are investing in a casino with huge variences, today the site was over 7000 coins, if you were there and divested you would have made a very good profit. Over time the 1% line will enroach, it will take 100 mil btc wagered in my mind, the 1% is statisical and causes issues for people who think they will make 1% straight.
The liquidity in the site is a HUGE bonus overstocks, but restricts Doogs exit strageties, you should feel privileged he is doing it this way.
He needs to raise commision to 15-20% to hire site upgrades out immediately, imo.
I didden't mean he dosent have the right to divest/invest when he likes, i just say he dosen't only profit from commision, he also profits (just like the rest of the investors) by investing in the bankroll and the expected profit for him is way higher than it has been sofar historically.
I was there and saw that nakowa had the site to up +7000 btc at some point, so up 500 btc or so from the 6545 btc it was at some point a few days ago but you can't expect to hit the exact top(and if everyone did that there would be no bankroll left) or bottom on every rollercoasterride, even thou i personally divested at a good point today and skipped the downturn the site took after that...
Site's still ended at down 1200 btc now from what it was at a few days ago, before celest/nakowa come back and took another bite at it and he/she still seems to have an unrealistic returnrate on his/her bets, just like the times when he/she was playing at JD before.
But since Aug 7th the current USD averaged per the site has dropped to about $700k USD per day, from the celeste, bug and others hay days. Also per Chart #1 shows that the red trendline shows per day totaled wagered in USD is slightly decreasing. This is possible due to many things, additional competition, lack of players due to lack of bitcoin growth, and imo mainly increase in the price of BTC in USD as seen in USD.
The average price per BTC wagered is $95.10 using CoinDesks BPI index with total current USD wagered now over $100.1 USD. As you can see price dropped dramatically after startup, had a lot of play in celeste days with prices under $100 per coin, and now has risen back over $120 per coin.
But for instance in the last 2 weeks the site has averaged 21.27 BTC per day. Thus meaning for 14 days of work, (Doog and Deb both appear to be averaging about 40-50 hours per week), site running costs, and ultimately any major marketing or possible payment for site development comes from that 10% commision, which in last 2 weeks was ~30 Bitcoins ($3,750).
The average price per BTC wagered is $95.10 using CoinDesks BPI index with total current USD wagered now over $100.1 USD. As you can see price dropped dramatically after startup, had a lot of play in celeste days with prices under $100 per coin, and now has risen back over $120 per coin.
But for instance in the last 2 weeks the site has averaged 21.27 BTC per day. Thus meaning for 14 days of work, (Doog and Deb both appear to be averaging about 40-50 hours per week), site running costs, and ultimately any major marketing or possible payment for site development comes from that 10% commision, which in last 2 weeks was ~30 Bitcoins ($3,750).
Big gamblers will come and go over time so it's not strange that the avg bet per day is lower sometimes and higher other times, the site has also had some ddos problems lately so the numbers don't speak the whole truth, A better indicator to look at would be the number of players that that bet at just-dice each day and trends on that and not the amount they bet. Over time im sure just-dice will take over more and more gamblers from SD as JD is the number 1 competitor to SD and also has lower houseedge than SD.
Why you ask let me run some numbers to show what Doog is missing out on while letting us reap the rewards without the risk of a stock market share crash. Unlike companies with stocks when sold and someone is holding the bag because they could not sell, like SD.
Since inception the site is up 6144 BTC, for an average of 68.27 BTC per day.
Since inception the site is up 6144 BTC, for an average of 68.27 BTC per day.
Some notes to remember as again I suggest to Doog if he is going to keep site running in this manner which is absolutely amazing considering the liquidity of it, he should raise commission to 15-20%.
Site was up 5378btc last time i looked, 0,4964% on avg after another visit of "nakowa (2548)". Just-Dice has sofar underperformed 0,5036% on avg and thats over 1 083 000 btc wagered, so basically the site has underperformed by 5452 btc in profit sofar that's missing from what is expected.
It's hardly the correct time to talk about raising the commission, come with that argument when the site is within 90-110% of expected profit overall, when the hisorical avg profit is back in the region of 0,90%-1,10% then it might be a good time to take such thing up to discussion if a commission of 10% would mean to small amounts in profit for dooglus.
As long as the site is making profit and dooglus also is invested in the site(witch he of course should be) he also makes profit on his 3000+ btc's.
So to simplify things, sofar if the site had been at around 50 000 invested all the time and had made the expected profit he should have made 1083 btc in commission and 584 btc on investing in the bankroll.
Now the site has underperformed and invested amount haven't been the same all the time and commission was lower than 10% in the beginning, but in the future, oner the next 1 000 000 BTC wagered that is the numbers he expects to profit on running Just-Dice....
I think dooglus is a nice guy and he's doing a great job but as long as the avg profit is down in the 0,4x-0,65% range that's really no good proof of that the site is fair to the investors.
The only proof on that department will be when the site avg out over time where it's supposed to be at close to 1,00% profit.
As far as i know there is still no zipfiles beeing made avaliable off all bets that's posted at some file-hosts at regular intervals so people can download it and have a look at it. There is also no possibility on the site to easily get all bets on a single player so investors have little to no chance at checking if there is any accounts that is likely to be run by the operator draining profit from the investors.
That was epic! Nakowa really showed those investors who's boss! 
Hell of a firestorm today at JD
Nakowa put on a show again, in Eastern Standard time noon - 3pm hours
Site was sitting at 5831 btc profit and now rests at 5381 btc.
Site was at one point doing the run up over 7000 btc, and he turned it around.
Nakowa put on a show again, in Eastern Standard time noon - 3pm hours
Site was sitting at 5831 btc profit and now rests at 5381 btc.
Site was at one point doing the run up over 7000 btc, and he turned it around.
Yea site seems to be going crazy, down about 1000 total. Nakowa mentions "rain" and everyone comes out of the woodwork begging.
Maybe he found an exploit/bug?
Just some quick updates as Nakowa and Doctor Lee profited over the last few days, and done it with surprising low amounts of funds wagered,imo
Since 8-12-13 the average BTC per day for the site still remains at ~42btc, last 2 weeks though it sits at +6 btc and in last week -67.7 btc per day average.
The total site wagered per day in USD sits at $1.1 mil, while from Aug 7th the average is $694k USD per day, in last 2 week average is $727k USD per day.
Chart #1 - Site profit in USD using CD BPI price and ~daily site profit
http://i.imgur.com/ZzKaKK9.png
Chart #2 - Total Wagered in USD
http://i.imgur.com/6OPUIlH.png
Chart #3 - BTC price per CD BPI during timeline since 8/12/13
http://i.imgur.com/h3uIZv8.png
Chart #4- Daily BTC Wagered scatter chart with approximate downward trendline as BTC in USD price increases
http://i.imgur.com/VcOTtEW.png
Nakowa is incredibly lucky. He seems to consistently defy odds and walk away with a big payday every time he plays. Since 8-12-13 the average BTC per day for the site still remains at ~42btc, last 2 weeks though it sits at +6 btc and in last week -67.7 btc per day average.
The total site wagered per day in USD sits at $1.1 mil, while from Aug 7th the average is $694k USD per day, in last 2 week average is $727k USD per day.
Chart #1 - Site profit in USD using CD BPI price and ~daily site profit
http://i.imgur.com/ZzKaKK9.png
Chart #2 - Total Wagered in USD
http://i.imgur.com/6OPUIlH.png
Chart #3 - BTC price per CD BPI during timeline since 8/12/13
http://i.imgur.com/h3uIZv8.png
Chart #4- Daily BTC Wagered scatter chart with approximate downward trendline as BTC in USD price increases
http://i.imgur.com/VcOTtEW.png
sr. member
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
Make the whales feel warm and fuzzy!
thumbs up!
I call dibs on violet or purple or dark blue name. I also want my text bold and yellow.
dooglus, has any single account bet over 1.4 million times already? I'd also like a leaderboard in terms of numbers of bets. Someone else can have highest BTC wagered.
Not for me....
down again?
I like the idea of achievements, or something next to their name. How about levels? Level 50 could have bet more than 100 bitcoin in 1 bet for example.
A leveling system and different badges for the gamblers, even small timers can become level 1, 2, 3 and get a few badges but the real juice comes at higher levels. (which require more whale like bets)
Hey, you can even offer powerups! Dooglus you know how there is a 3 second delay for 0 btc bets. How about if the person has bet over 30 bitcoin at once enough times they can get a powerup that lets them do 0 btc bets instantly, giving them the ability to do 0's with no penalty.
Make the whales feel warm and fuzzy!
A leveling system and different badges for the gamblers, even small timers can become level 1, 2, 3 and get a few badges but the real juice comes at higher levels. (which require more whale like bets)
Hey, you can even offer powerups! Dooglus you know how there is a 3 second delay for 0 btc bets. How about if the person has bet over 30 bitcoin at once enough times they can get a powerup that lets them do 0 btc bets instantly, giving them the ability to do 0's with no penalty.
Make the whales feel warm and fuzzy!
Just wanted to throw in my support for achievements. I do think it requires some care, however. The "throw everything in and see what sticks" approach could really turn people off. I would instead try and build in a few well thought out achievement-y features with both badges and real rewards, either monetary or feature-based.
I like the idea of achievements, or something next to their name. How about levels? Level 50 could have bet more than 100 bitcoin in 1 bet for example.
A leveling system and different badges for the gamblers, even small timers can become level 1, 2, 3 and get a few badges but the real juice comes at higher levels. (which require more whale like bets)
Hey, you can even offer powerups! Dooglus you know how there is a 3 second delay for 0 btc bets. How about if the person has bet over 30 bitcoin at once enough times they can get a powerup that lets them do 0 btc bets instantly, giving them the ability to do 0's with no penalty.
Make the whales feel warm and fuzzy!
A leveling system and different badges for the gamblers, even small timers can become level 1, 2, 3 and get a few badges but the real juice comes at higher levels. (which require more whale like bets)
Hey, you can even offer powerups! Dooglus you know how there is a 3 second delay for 0 btc bets. How about if the person has bet over 30 bitcoin at once enough times they can get a powerup that lets them do 0 btc bets instantly, giving them the ability to do 0's with no penalty.
Make the whales feel warm and fuzzy!
Just wanted to throw in my support for achievements. I do think it requires some care, however. The "throw everything in and see what sticks" approach could really turn people off. I would instead try and build in a few well thought out achievement-y features with both badges and real rewards, either monetary or feature-based.
I like the idea of achievements, or something next to their name. How about levels? Level 50 could have bet more than 100 bitcoin in 1 bet for example.
A leveling system and different badges for the gamblers, even small timers can become level 1, 2, 3 and get a few badges but the real juice comes at higher levels. (which require more whale like bets)
Hey, you can even offer powerups! Dooglus you know how there is a 3 second delay for 0 btc bets. How about if the person has bet over 30 bitcoin at once enough times they can get a powerup that lets them do 0 btc bets instantly, giving them the ability to do 0's with no penalty.
Make the whales feel warm and fuzzy!
A leveling system and different badges for the gamblers, even small timers can become level 1, 2, 3 and get a few badges but the real juice comes at higher levels. (which require more whale like bets)
Hey, you can even offer powerups! Dooglus you know how there is a 3 second delay for 0 btc bets. How about if the person has bet over 30 bitcoin at once enough times they can get a powerup that lets them do 0 btc bets instantly, giving them the ability to do 0's with no penalty.
Make the whales feel warm and fuzzy!
Doog, have you considered comps for whales, similar to brick and mortar casinos? A small % of the expected profit from the player's action could be a good incentive to attract and sustain action. Maybe not as effective as booze, hookers, and blow, but it's still good crypto appreciation
With only a 1% edge, there is no wiggle room left for comps. Better to have the lowest edge and fairest system then bells & whistles.Maybe you are correct. This is a low edge game, and larger players disproportionately dominate the action, so it would affect the profit more than it would for a traditional casino.
I think that comps are more psychological in nature, designed to make the player feel special and appreciated. Perhaps something small, like a special symbol next to the name in the bet window and chat window, would work just as well. Provides differentiation, and doesn't cost more than a field in the user table and a few lines of code. This also cuts down on impostering in the chat window (like recent Dr. Lee imposter advertising to give away BTC).
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