1283
Thanks!
Topic: Just-Dice.com : now with added CLAMs : Play or Invest - page 232. (Read 454769 times)
Here's how to make people who invested earlier gain more:
Imaging a user bid 1 BTC on 50/50. This means, out of the pool of JD, 1 BTC is wagered against him (well, actually 0.99 BTC but for simplicity I put 1).
The question is: whose BTC is being wagered against the user? Right now, it is taken from all the investements in equal proportion. What can be done instead, is that it is taken from all investments *weighted* by the time they invested they made the investment. For example, 1/5 BTC from the first month's investments, 1/4 form the second etc. In fact, better use slower decreasing weights to make the investement attractive for new users as well. For example, [1/k(k+1) - 1/N(N+1)] weight for the BTC number k, with N being total number BTC invested.
Obviously, the wins/losses then are devided in this proportions.
Imaging a user bid 1 BTC on 50/50. This means, out of the pool of JD, 1 BTC is wagered against him (well, actually 0.99 BTC but for simplicity I put 1).
The question is: whose BTC is being wagered against the user? Right now, it is taken from all the investements in equal proportion. What can be done instead, is that it is taken from all investments *weighted* by the time they invested they made the investment. For example, 1/5 BTC from the first month's investments, 1/4 form the second etc. In fact, better use slower decreasing weights to make the investement attractive for new users as well. For example, [1/k(k+1) - 1/N(N+1)] weight for the BTC number k, with N being total number BTC invested.
Obviously, the wins/losses then are devided in this proportions.
one issue with this is that a common pattern could be:
divest all
gamble
invest all
I don't see how that could be a problem. If you divest and then reinvest then of course your investement moves all the way to the end of the line, and will be earning less. Wheter you gamble in between doesn't matter.
Whooo! I won the hardest bet on the site: >99.9998!
If you could dig up the link, dooglus, that'd be great. I seem to have pushed it off the page.
If you could dig up the link, dooglus, that'd be great. I seem to have pushed it off the page.
After how many 0.00000001 bets?
My userID is 1263, looks like a great site, will give it a shot!
1262
Thanks
Thanks
Whooo! I won the hardest bet on the site: >99.9998!
If you could dig up the link, dooglus, that'd be great. I seem to have pushed it off the page.
If you could dig up the link, dooglus, that'd be great. I seem to have pushed it off the page.
dooglus you should have ran an investment site 
3100 bitcoins in just 3 days.
BTW how is "luck" calculated? Is that the house edge? And is it on a daily basis?
3100 bitcoins in just 3 days. BTW how is "luck" calculated? Is that the house edge? And is it on a daily basis?
69 2013-06-21 08:04:32 (1) manually crediting user 525 with amount 0.01 Kais
70 2013-06-21 08:41:47 (1) manually crediting user 673 with amount 0.01
71 2013-06-21 18:35:57 (1) manually crediting user 829 with amount 0.01
72 2013-06-21 18:49:57 (1) manually crediting user 733 with amount 0.01 Feedeer
73 2013-06-21 22:16:23 (1) manually crediting user 313 with amount 0.01 wazaaster
74 2013-06-22 05:18:11 (1) manually crediting user 571 with amount 0.01
75 2013-06-22 09:47:21 (1) manually crediting user 367 with amount 0.01 likl3sfuhjh
76 2013-06-22 09:49:27 (1) manually crediting user 1163 with amount 0.01 Jet
77 2013-06-22 16:40:54 (1) manually crediting user 715 with amount 0.01 Sukrim
So I've been giving out the 0.01 BTC to those who posted still, but not to accounts that look like dupes. I'll keep it going, but please don't post if you're a noob account with nothing but "free coinz pls" style posts.
70 2013-06-21 08:41:47 (1) manually crediting user 673 with amount 0.01
71 2013-06-21 18:35:57 (1) manually crediting user 829 with amount 0.01
72 2013-06-21 18:49:57 (1) manually crediting user 733 with amount 0.01 Feedeer
73 2013-06-21 22:16:23 (1) manually crediting user 313 with amount 0.01 wazaaster
74 2013-06-22 05:18:11 (1) manually crediting user 571 with amount 0.01
75 2013-06-22 09:47:21 (1) manually crediting user 367 with amount 0.01 likl3sfuhjh
76 2013-06-22 09:49:27 (1) manually crediting user 1163 with amount 0.01 Jet
77 2013-06-22 16:40:54 (1) manually crediting user 715 with amount 0.01 Sukrim
So I've been giving out the 0.01 BTC to those who posted still, but not to accounts that look like dupes. I'll keep it going, but please don't post if you're a noob account with nothing but "free coinz pls" style posts.
Here's how to make people who invested earlier gain more:
Imaging a user bid 1 BTC on 50/50. This means, out of the pool of JD, 1 BTC is wagered against him (well, actually 0.99 BTC but for simplicity I put 1).
The question is: whose BTC is being wagered against the user? Right now, it is taken from all the investements in equal proportion. What can be done instead, is that it is taken from all investments *weighted* by the time they invested they made the investment. For example, 1/5 BTC from the first month's investments, 1/4 form the second etc. In fact, better use slower decreasing weights to make the investement attractive for new users as well. For example, [1/k(k+1) - 1/N(N+1)] weight for the BTC number k, with N being total number BTC invested.
Obviously, the wins/losses then are devided in this proportions.
Imaging a user bid 1 BTC on 50/50. This means, out of the pool of JD, 1 BTC is wagered against him (well, actually 0.99 BTC but for simplicity I put 1).
The question is: whose BTC is being wagered against the user? Right now, it is taken from all the investements in equal proportion. What can be done instead, is that it is taken from all investments *weighted* by the time they invested they made the investment. For example, 1/5 BTC from the first month's investments, 1/4 form the second etc. In fact, better use slower decreasing weights to make the investement attractive for new users as well. For example, [1/k(k+1) - 1/N(N+1)] weight for the BTC number k, with N being total number BTC invested.
Obviously, the wins/losses then are devided in this proportions.
one issue with this is that a common pattern could be:
divest all
gamble
invest all
perhaps there could be two "investment" options... a sort of short term holding, and then a long-term holding that you cannot move as quickly (without penalty?), where these sorts of bonuses to maturity would apply?
I took the afternoon off today, after spending most of the last 48h obsessing over the site.
When I got back the site had suffered a 12 BTC loss.
Apparently some guy calling himself "mp" had some luck:
and quit while he was ahead.
Well played Sir!
When I got back the site had suffered a 12 BTC loss.
Apparently some guy calling himself "mp" had some luck:
and quit while he was ahead.
Well played Sir!
Lol MP makes the news.
Here's how to make people who invested earlier gain more:
Imaging a user bid 1 BTC on 50/50. This means, out of the pool of JD, 1 BTC is wagered against him (well, actually 0.99 BTC but for simplicity I put 1).
The question is: whose BTC is being wagered against the user? Right now, it is taken from all the investements in equal proportion. What can be done instead, is that it is taken from all investments *weighted* by the time they invested they made the investment. For example, 1/5 BTC from the first month's investments, 1/4 form the second etc. In fact, better use slower decreasing weights to make the investement attractive for new users as well. For example, [1/k(k+1) - 1/N(N+1)] weight for the BTC number k, with N being total number BTC invested.
Obviously, the wins/losses then are devided in this proportions.
Imaging a user bid 1 BTC on 50/50. This means, out of the pool of JD, 1 BTC is wagered against him (well, actually 0.99 BTC but for simplicity I put 1).
The question is: whose BTC is being wagered against the user? Right now, it is taken from all the investements in equal proportion. What can be done instead, is that it is taken from all investments *weighted* by the time they invested they made the investment. For example, 1/5 BTC from the first month's investments, 1/4 form the second etc. In fact, better use slower decreasing weights to make the investement attractive for new users as well. For example, [1/k(k+1) - 1/N(N+1)] weight for the BTC number k, with N being total number BTC invested.
Obviously, the wins/losses then are devided in this proportions.
Absolutely love the site. The interface seemed intimidating/confusing at first, but it grew on me very fast once I started tinkering.
The investment tab is lovely, and at first glance I didn't think it would scale well--then I realized as the bankroll grows, the incentive for whales to bet increases. Still, it will be interesting to see what happens if it gets absurdly large.
I wish my shares in satoshi dice were worth selling, because I'd feel a whole lot better with those coins in your bankroll.
The investment tab is lovely, and at first glance I didn't think it would scale well--then I realized as the bankroll grows, the incentive for whales to bet increases. Still, it will be interesting to see what happens if it gets absurdly large.
I wish my shares in satoshi dice were worth selling, because I'd feel a whole lot better with those coins in your bankroll.
I've suspended the promotion for the time being due to an influx of low-count newbie spam bots. I'll come up with an alternative scheme. Suggestions welcome.
You could give some BTC to every person who deposit 0.001 or something in this area!
Like an early bird bonus. For being in the first group of people as soon as it launched. (Like me.) And also a volume bonus. For buying 1 BTC worth, get an extra ticket. (wait, I think I'm talking about another game.)
715 here, anyways the bank seems still quite lucky today (3.9k wagered, house is 89 up instead of 39)
ID is 1163. Really like your site. Cya there in a second. 
USER ID 367
Cool site has active in game chat.
Cool site has active in game chat.
I've suspended the promotion for the time being due to an influx of low-count newbie spam bots. I'll come up with an alternative scheme. Suggestions welcome.
You could give some BTC to every person who deposit 0.001 or something in this area!
Don't try this at home.
Actually, don't try this at work either.
If I had only rolled hi instead of lo ...
Not just theoretical - this has real world inferences! If you make 1000 bets per second on 99.9999, then on average once every 3.170979e+23 years you could be a little less lucky. I think it's important your longer lived customers know about this problem.
Thanks for doing the math. I knew it was a tiny difference but didn't work out just how tiny. 10^23 years you say? That is quite a long time.
Do you have a refferal program?
I might have some serious investor. (including myself
)
I might have some serious investor. (including myself
)I don't, yet. I've thought about it but couldn't really work out:
a) how to finance it to make it worthwhile or
b) how to police it such that people don't 'refer themselves'
The house edge is only 1%, and 99% of that 1% goes to the investors already. So the site gets 1% of 1% of turnover to pay for promotion. I don't know that offering you some percentage of 1% of 1% of turnover is going to excite you much is it!
I think investing is its own reward - you get to keep 99% of any profits you make from it. And once invested, it's in your interest to refer people, since you then directly benefit from their play.
I'm going to have to see what the 1% of investor profits looks like in reality before I commit to spending it, but watch this space...
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