Topic: Just-Dice.com : Invest in 1% House Edge Dice Game - page 86. (Read 435353 times)

Agreed.

It looks like we've been sans whale for about 10 days now. Profit is slowly but surely going up -- a large chunk of the current profit is due to mechs loss, but even without that, it looks like the site is profitable, on average, when running on mostly small bets (I know, not really a surprise, I'm just summarizing).

Volume is a bit uneven: on some days volume (even without a whale) is well above 20k, on other days it hovers around 10k. Since individual profits (on average) depend on the site volume and the total amount invested, I'd say that right now, at 50k invested vs. 10k to 20k daily volume, we're doing okay, but could do better perhaps.

Is this something you are considering, dooglus? How to increase wagering volume, by getting the site more exposure? Or implementing features to bind gamblers to the site?

I remember someone in here posted (a few pages ago) an idea about 'badges' and 'achievements' gamblers can unlock. What do you think about it? Personally, I like the idea, if it's done well and doesn't look tacky.

What else... I remember someone suggesting earlier that the Chinese market for gambling is huge. So gettin the site translated into Chinese, and advertising it, could give a boost to volume.

I'm up 5.6% and cashed out to give out a loan at a higher APR than the expected return from the site based on normal (non-whale) volume.

daily profit = ( daily_wagered * house_edge ) * house_cut * ( your_investment / total_investment )

% profit per day = ( daily_profit / your_investment ) * 100

% profit per year = ( (1 + % profit per day ) ^ 365) - 1 ) * 100

solve for:

house_cut = 0.9 (10% cut)
daily_wagered = 15,000 (source)
house_edge = 0.01 (1% edge)
total_investment = 55,597

daily profit = ( 15,000 * 0.01 ) * 0.9 * ( your_investment / 55597 ) = 0.00242819 * your_investment

% profit per day = 0.00242819 / your_investment * your_investment = 0.242%

% profit per year = ( (1.00242819 ^ 365 ) - 1 ) * 100 = ( 2.4235055085 - 1 ) * 100 = 142%

Will

How calculate profit per day in % ?

First invested in June when site profit was ~ +1600.

Stayed all in until being -10% late in September because of Nakowa... then decided to try my luck catching the waves with chunks of my funds.

I managed pretty well, since I'm +11% with site profit being around +1200.

I'm done dayvesting since, but I'm still sorry for those who stayed invested all along (as I used to).

Me... I invested during one of the times it was -4,400. Never touched it since.

me   0.62825910   0.05880680   

I was lucky enough to jump on the train when the site was even.

Yep, that's probably about what I need as well. I'm still about 17% down

I am also worried about this. Has anybody heard from him? Has he been on the chat?

I believe anyone who has stayed in for the past few weeks will require a lot more site profit to come back to even on their investment. Personally, I need about 7000 more site profit to get back to even.

No need for a vote, imo.
It's Doog's and Deb's site, if they dont like it, there's no point to add it. It should stay their baby.

I'm new to the site as of today and have to say I've had a hard time taking my eyes away from the screen. I feel like all the changing numbers almost create a sensory load that gamblers are looking for. Or at least a sensory load that keep you around whether you like them or not.

Does anyone know if Mechs is OK... I mean, sounds like a potential suicide-risk situation...

Making up for lots of other losses. The law of averages takes longer with more volatility.

Is anyone whose investment has stayed constant still in the red due to dilation?

I think some prefer a clean design with not many bells and whistles. I don't know, maybe we need to hold a vote?

I believe the first one has been solved already. Also the bad-chat-behavior seems to have vanished, once the site was on a winning track again.
Dont like the other ideas?

Like I said before, he will come back and lose it

Yup Mech bet 7k BTC @95%. That was his 12th bet in a row and the first one he lost. He started with 1700BTC.

here you go, if you wanna know the whole madness 

http://www.reddit.com/r/Bitcoin/comments/1npmaq/highroller_loses_800k_with_allin_bet_on_justdice/

I'm also working on an article about that topic for the JD blog (http://just-dice.blogspot.ca), but need some more days.

cheers,
shitaifan/drfred

Mostly I'm firefighting.

The site has been running very slowly recently.  I increased the size of the disk on the server, since it's been getting pretty full recently.  I also created a new bitcoin wallet, since the old one was getting very big, and causing the server to spend a lot of time checking every incoming transaction against the large list of addresses it owned.  I'm still getting a large number of support requests each day.  People claiming their PC was compromised and asking for refunds of bets the attacker made.  People forgetting their google-auth code, or just typing 2FA codes wrongly too many times and getting locked out.  People depositing to the wrong address, because they forgot to log in before requesting a deposit address.  People withdrawing directly from JD to other sites which automatically refund winnings to the sender's address, no realising that the sender's address on a JD withdrawal is effectively random.  People complaining that the roll verifier no longer works since I changed the roll generation algorithm.  People complaining that they can't bot the site because their bot can't navigate the checks put in place by the cloudflare DDoS protection.

That kind of stuff.  It's fun. 

User visible changes:

* you can specify which bets get spammed to the chat tab now, using 3 new settings in the account tab.
* the withdraw dialog no longer defaults the withdrawal address to the last one you used (in case you end up spending 2 hours in a dumpster)
* the withdraw dialog now tells you not to withdraw to satoshidice, bit365, etc. because the sender address won't be right
* the deposit dialog now tells you that deposits to addresses generated before last Saturday are no longer processed automatically.
* users can now disable google-auth themselves from the account tab, without having to contact support
* fixed a bug where investor profit was including commission charged during 'divest' operations (but not during the regular commission run)
* added an admin command to have the site periodically post messages in the chat
* changed the roll generation algorithm, so that the hmac input changes by more than 1 bit per roll
* added code to allow users to be blocked from gambling by IP address

Nothing very important really.  But I am keeping busy...