After some thought, I have only 2 concerns with investing:
1. My % of the bankroll will be so small compared to all the other money being invested that my profits will barely cover the transaction fee(s).
2. Once the responsible party (dooglus or whomever) sees a chance to walk away with > $10,000,000 USD (or more!), they will be unable to resist.
hmm.
Topic: Just-Dice.com : Invest in 1% House Edge Dice Game - page 249. (Read 435362 times)
Someone lost a huge bet somewhere lol... "site is up" went from 115 to 204 in the hour I last checked it. nice.
frott lost a 42BTC bet trying his hand at martingale strategy. no that wasn't me, it was someone else! I lost over a long series of bets. kturner did a martingale of 10 losses at 66% chance to win which ended at 43, (.08333 .15675 .3125 .625 1.25 2.5 5.25 10.5 21 42). crazy!
but yes the site is now above edge at 1.3%
That must suck, losing over 8000 dollars in less than a minute
Someone lost a huge bet somewhere lol... "site is up" went from 115 to 204 in the hour I last checked it. nice.
frott lost a 42BTC bet trying his hand at martingale strategy. no that wasn't me, it was someone else! I lost over a long series of bets. kturner did a martingale of 10 losses at 66% chance to win which ended at 43, (.08333 .15675 .3125 .625 1.25 2.5 5.25 10.5 21 42). crazy!
but yes the site is now above edge at 1.3%
I'm addicted already. Well done!
Is there some form of API for the operations regarding investment ?
This, this - a thousand times, this.
This excites me greatly. I have noticed dooglus as one of the best posters since visiting this site. I would almost say that I have more confidence in his integrity than anyone else on the internet. It's taking quite some willpower to not dump my entire BTC into investing in just-dice. Wow. I must think about this.
moneymoneymoneymoney
Someone lost a huge bet somewhere lol... "site is up" went from 115 to 204 in the hour I last checked it. nice.
frott lost a 42BTC bet trying his hand at martingale strategy.
Someone lost a huge bet somewhere lol... "site is up" went from 115 to 204 in the hour I last checked it. nice.
Any chance you might be able to add yubikey support for 2fa?
Guys... 11,000 BTC? I realize this is a great, low-risk, business model... but are we really that certain about the security of the server? Apologies in advance if the answer to this is obvious and I missed it.
I believe dooglus stated somewhere that most of the coins are stored in an offline wallet.
Yesterday I invested 3.35 BTC. Right now I have 3.32925858 BTC and declining really fast. Be careful. Never again.
!!My ID is 2336
!!My ID is 2336
Percentage change = (V2 - V1) / V1 × 100%
http://www.miniwebtool.com/percentage-change-calculator/?num1=3.35&num2=3.29
Percentage change: 1.791% decrease
You entered 3.29 as the second number, but 3.32925858 rounded to the nearest hundredth is 3.33.
Maybe learn some math.
Hint:
Standard deviation: http://en.wikipedia.org/wiki/Standard_deviation
Variance: https://en.wikipedia.org/wiki/Variance
Expected value: http://en.wikipedia.org/wiki/Expected_value
Right now players won a little bit over expected value, site is unlucky but luck don't exist over a large sample.
Percentage change = (V2 - V1) / V1 × 100%
http://www.miniwebtool.com/percentage-change-calculator/?num1=3.35&num2=3.29
Percentage change: 1.791% decrease
Quote
I choose to invest not to gamble, but obviously I was wrong. Investors stay away from these site.
It's not a gamble if you understand variance and standard deviation. It's a gamble only if you invest for a short period of time.
Right now:
11 138BTC wagered at 1% edge.
11 138BTC(0.01) = 111.38BTC
Site is up: 104BTC
So almost right on expected value.
Maybe learn some math.
Hint:
Standard deviation: http://en.wikipedia.org/wiki/Standard_deviation
Variance: https://en.wikipedia.org/wiki/Variance
Expected value: http://en.wikipedia.org/wiki/Expected_value
Right now players won a little bit over expected value, site is unlucky but luck don't exist over a large sample.
Percentage change = (V2 - V1) / V1 × 100%
http://www.miniwebtool.com/percentage-change-calculator/?num1=3.35&num2=3.29
Percentage change: 1.791% decrease
Is there some form of API for the operations regarding investment ?
Guys... 11,000 BTC? I realize this is a great, low-risk, business model... but are we really that certain about the security of the server? Apologies in advance if the answer to this is obvious and I missed it.
Guys, dont bother. I know a lot of gamblers as a successful sports bettor myself, and they just dont get math.
Nice site. I for one will be following
Nice site. I for one will be following
Great job. I choose to invest not to gamble, but obviously I was wrong. Investors stay away from these site.
Are you kidding? Casinos are great investments...sure there will be ups and downs, but statistics are on your side. Given enough time and bets, the house will always gain an advantage. It's called a 'house edge' for a reason.
Yesterday I invested 3.35 BTC. Right now I have 3.32925858 BTC and declining really fast. Be careful. Never again.
!!My ID is 2336
!!My ID is 2336
That looks like a less than 1% loss. The site risks up to 1% of your investment on every dice roll. You realise that, right?
The house edge is 1%, so lots of variance is to be expected. It's possible you'll make a quick profit, or a quick loss. The edge means that the longer you stay in, the more likely you are to make a profit.
I hope it's clear that we are using your investment to back bets that players make, and that sometimes we will lose...
No that loss is 1,79%. Right now is more then 6%. All that in less than 24 hours! Great job. I choose to invest not to gamble, but obviously I was wrong. Investors stay away from these site.
Hint:
Standard deviation: http://en.wikipedia.org/wiki/Standard_deviation
Variance: https://en.wikipedia.org/wiki/Variance
Expected value: http://en.wikipedia.org/wiki/Expected_value
Right now players won a little bit over expected value, site is unlucky but luck don't exist over a large sample.
Yesterday I invested 3.35 BTC. Right now I have 3.32925858 BTC and declining really fast. Be careful. Never again.
!!My ID is 2336
!!My ID is 2336
That looks like a less than 1% loss. The site risks up to 1% of your investment on every dice roll. You realise that, right?
The house edge is 1%, so lots of variance is to be expected. It's possible you'll make a quick profit, or a quick loss. The edge means that the longer you stay in, the more likely you are to make a profit.
I hope it's clear that we are using your investment to back bets that players make, and that sometimes we will lose...
No that loss is 1,79%. Right now is more then 6%. All that in less than 24 hours! Great job. I choose to invest not to gamble, but obviously I was wrong. Investors stay away from these site.
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