Wow, what a reason for deciding to increase the rate to 5%...
Hopefully you don't know people that scam other people, so you won't decide to do the same because they told you it is a very common approach and should be replicated.. or
Hopefully you don't know people that dislike your site and told you to close it and disappear.. or
.. you got the idea.
I am more comfortable with 5% than 1%.
Just saying. It means a bigger incentive for dooglus to be honest and not run away with invested coins.
I'm more comfortable with 5% too. I've been working 20 hour days on the site since launch, and earning approximately nothing in return. I'm used to working for other people, and earning significantly more than that. Now I'm working for myself and not even covering expenses?
If it becomes apparently that 5% is stupidly high, then I'll reduce it again.
Wouldn't be better to increase the house edge then ? 1% might be nice for the players, but maybe not so nice for the investors. This is likely to increase the amount of BTC invested, allowing for a greater max profit, maybe attracting more distinct players, and in the end more profit for you.
How many bets have there been that hit the max-profit limit? Extra BTC invested doesn't increase profits unless it allows bets that currently can't be covered - and there's no sign of that being a major issue.
Increasing house edge definitely isn't going to attract more players - whatever else it does.
+1
Turnover really is all that matters. If it maintains the same investor:turnover ratio, the return for investors is very good as it stands. Yes, increasing the house edge slightly would probably give investors more profit, so long as it stays competitive with other gambling sites (I doubt people will change their minds about gambling at just-dice due to a 1.2% house edge vs 1% for example). I think Dooglus has plenty of time to massage the values later as his understanding of the climate matures.
I have a proposition.
How about adding a possibility to bet more, with a higher house edge?
Like, 2% house edge, double the max profit.
OR 10% house edge, 10x the max profit.
May be also make a smaller multiplier bracket for these.
like, 1.25x to 100x
May the whales flow in!
I think by adjusting the odds you could achieve the same effect
This. I think that increasing the maximum bet is a bigger danger than a lot of people think. If a whale comes in and does some safe 80% bets on 1000 BTC and win 4 times in a row, packs up and leaves, that is going to deliver a serious hit to the bankroll that will be difficult to make back up. If whale turnover is low, those people have a very real chance of not making their investment back for a very very long time.
