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Topic: Just-Dice.com : now with added CLAMs : Play or Invest - page 49. (Read 454769 times)

hero member
Activity: 894
Merit: 501
I'm a little confused about how the investing works.

Since I invested, the site profit has gone up from 50k to 65k, a 23% cumulative increase. I know that this does not include staked Clams. During that time, my investment profit, which includes staked Clams, has gone up by nearly 10%. When looking at my commission history, the total profit there since I invested is about 0.08% of my investment.

I'm confused. If investors get 90%, and house gets 10% of the 1% edge, then I would have thought that I should have a cumulative profit of 20.7% (90% of 23%) not including staked Clams.
legendary
Activity: 2940
Merit: 1333
any chance of making it 10 offsite commands per day?
I hate the limit of 5 and hit it every day (i regularly switch between degening away
my CLAM and investing them).

Would you please consider increasing it?
Or are there any real disadvantages why you can´t allow a higher limit?

During the testing phase, where we had a bunch of people playing and investing with dummy coins and no limit on the number of times you could "/offsite", we saw that people would use /offsite very frequently and as a result the maximum profit per bet would bounce up and down wildly.

I put the rate limit in place in response to that testing, but the limit is probably too strict.

I'll try increasing it from 5 up to 12 times per 24 hours. There are enough large investors now that the actions of a single one of them hopefully won't have too much effect on the maximum profit per bet.
legendary
Activity: 2940
Merit: 1333
I'm not sure it's worth the effort to go back and try to work out "what would have happened" - because you'll never get it right. My investment would have diluted others' investments, meaning they earned less, and so would have had less to gamble with, etc.

I've set up a new account with a 100x multiplier and will just leave it alone. I won't repeat the "/offsite max" at all, I'll just let it ride.

Remind me in a few weeks to post the results if I didn't do it already.

I didn't see anyone reminding me, but I just remembered on my own...

The stats on the left are the old 1x account, and on the right is the 100x account:

Quote
Dec 12 2014     0.00%   100.00%
Dec 15 2014     3.64%   103.64%
Dec 22 2014     5.02%   108.85%
Dec 29 2014     2.09%   111.13%
Jan  5 2015     8.16%   120.20%
Jan 12 2015     5.28%   126.55%
Jan 19 2015     3.55%   131.04%
Jan 26 2015     2.10%   133.79%
Feb  2 2015     2.10%   136.60%
Feb  9 2015     1.94%   139.24%
Feb 16 2015     1.93%   141.93%
Feb 23 2015     1.95%   144.70%
Mar  2 2015     1.81%   147.32%         Mar  7 2015     0.00%   100.00%
Mar  9 2015     1.77%   149.93%         Mar  9 2015     0.64%   100.64%
Mar 16 2015     1.73%   152.53%         Mar 16 2015     2.53%   103.18%
Mar 23 2015     1.74%   155.18%         Mar 23 2015     4.01%   107.32%
Mar 30 2015     1.67%   157.78%         Mar 30 2015     2.06%   109.53%
                                                                       
Mar 31 2015     0.24%   158.15%         Mar 31 2015     0.47%   110.04%

Note that I haven't changed the /offsite setting for the 100x account at all; I've just let it ride.

Its offsite amount is now only 90.97x. That's to be expected - the offsite amount hasn't changed while the onsite amount has grown, and so the total (offsite+onsite) is now only 91 times the onsite amount, where it used to be 100 times.
newbie
Activity: 32
Merit: 0
any chance of making it 10 offsite commands per day?
I hate the limit of 5 and hit it every day (i regularly switch between degening away
my CLAM and investing them).

Would you please consider increasing it?
Or are there any real disadvantages why you can´t allow a higher limit?

hero member
Activity: 546
Merit: 500
I imported my bitcoin wallet.dat to clam client-qt and gave some addresses but these are not valid as a btc [ or ltc or doge ] for getting free clam bonus
legendary
Activity: 2940
Merit: 1333
Ah, great, got it now.

We used to show the total of "onsite" and "offsite" as the invested amount, but then we had a flood of people asking "how can the invested amount be bigger than the total money supply of CLAM?" - so I switched it back to just showing the onsite coins.

Note also that this isn't really "leverage". When you leverage a position, you keep a fixed multiplier. At JD your ratio of offsite coins to your total investment changes as the site wins and loses. The offsite portion of your investment stays fixed at the number you set it to.

The model is that it allows you to invest your full gambling bankroll while only depositing a fraction of it. So you are free to use the rest of it on other dice sites, keep it in other currencies, or whatever.

The fact that it allows you to "invent" offsite wealth that you don't actually possess and get an effect similar to 'leverage' is an unintended consequence.

See the JD FAQ tab for more details: "What is 'offsite investing'?"
donator
Activity: 2058
Merit: 1007
Poor impulse control.
Right now I see:

Invested 427,645.39414794
Max profit 100,489.15

I apologise if this has already been answered, but why is max profit so high compared to invested?

New leverage system applied to Just-dice.

Max leverage is up to 100x.  Basically if was for if you wanted to invest 10,000 CLAMS but didn't want to risk your coins on a Amazon server then you could invest 100 coins at a time with 100x leverage.  Then keep the other CLAMS at home base and hopefully this would help decentralize CLAM.

JD currently has a firm lock on a >51% of the staking (which is like normal mining 51%.)  

Not a huge deal because everyone trust doog anyways, but still...

It is also in the FAQ of JD.

Thanks BAC. I read the FAQ, but didn't really take that away from it. So you're saying that the "Invested" amount does not include the effective leveraged amount invested?

If you type /supply in the troll box then you can see the average leverage ppl are using.

So the "Invested" is the actual number of coins that are invested and then the leverage is all added up and the max win is .5% of that. 

If you are 100x leverage with .5% max with that means two max bets would put you @ 0.

I'm in the troll box atm too. You can PM me by clicking my number (/msg 99999 blah blah blah)

Ah, great, got it now.
legendary
Activity: 4004
Merit: 1250
Owner at AltQuick.com
Also I believe this belongs here.

I'm looking to "stir the market up" by selling off my CLAMS.  My prices are above market and I do plan on continuing to be a part of CLAM (aka buy back via troll box and other means.)

Roughly 10% of the BR when fully leverage Tongue Check it out:

https://bitcointalksearch.org/topic/m.10827558
legendary
Activity: 4004
Merit: 1250
Owner at AltQuick.com
Right now I see:

Invested 427,645.39414794
Max profit 100,489.15

I apologise if this has already been answered, but why is max profit so high compared to invested?

New leverage system applied to Just-dice.

Max leverage is up to 100x.  Basically if was for if you wanted to invest 10,000 CLAMS but didn't want to risk your coins on a Amazon server then you could invest 100 coins at a time with 100x leverage.  Then keep the other CLAMS at home base and hopefully this would help decentralize CLAM.

JD currently has a firm lock on a >51% of the staking (which is like normal mining 51%.)  

Not a huge deal because everyone trust doog anyways, but still...

It is also in the FAQ of JD.

Thanks BAC. I read the FAQ, but didn't really take that away from it. So you're saying that the "Invested" amount does not include the effective leveraged amount invested?

If you type /supply in the troll box then you can see the average leverage ppl are using.

So the "Invested" is the actual number of coins that are invested and then the leverage is all added up and the max win is .5% of that. 

If you are 100x leverage with .5% max with that means two max bets would put you @ 0.

I'm in the troll box atm too. You can PM me by clicking my number (/msg 99999 blah blah blah)
donator
Activity: 2058
Merit: 1007
Poor impulse control.
Right now I see:

Invested 427,645.39414794
Max profit 100,489.15

I apologise if this has already been answered, but why is max profit so high compared to invested?

New leverage system applied to Just-dice.

Max leverage is up to 100x.  Basically if was for if you wanted to invest 10,000 CLAMS but didn't want to risk your coins on a Amazon server then you could invest 100 coins at a time with 100x leverage.  Then keep the other CLAMS at home base and hopefully this would help decentralize CLAM.

JD currently has a firm lock on a >51% of the staking (which is like normal mining 51%.)  

Not a huge deal because everyone trust doog anyways, but still...

It is also in the FAQ of JD.

Thanks BAC. I read the FAQ, but didn't really take that away from it. So you're saying that the "Invested" amount does not include the effective leveraged amount invested?
legendary
Activity: 4004
Merit: 1250
Owner at AltQuick.com
Right now I see:

Invested 427,645.39414794
Max profit 100,489.15

I apologise if this has already been answered, but why is max profit so high compared to invested?

New leverage system applied to Just-dice.

Max leverage is up to 100x.  Basically if was for if you wanted to invest 10,000 CLAMS but didn't want to risk your coins on a Amazon server then you could invest 100 coins at a time with 100x leverage.  Then keep the other CLAMS at home base and hopefully this would help decentralize CLAM.

JD currently has a firm lock on a >51% of the staking (which is like normal mining 51%.)  

Not a huge deal because everyone trust doog anyways, but still...

It is also in the FAQ of JD.
donator
Activity: 2058
Merit: 1007
Poor impulse control.
Right now I see:

Invested 427,645.39414794
Max profit 100,489.15

I apologise if this has already been answered, but why is max profit so high compared to invested?
hero member
Activity: 756
Merit: 500
wow I missed this event.
sr. member
Activity: 321
Merit: 250
I'm happy to see the winner was actually very excited and deserving of the prize instead of some botting butthead trying to swindle a prize that's meant to be for fun. 

Chances are he'll lose it all anyways, but at least it got his heart rate up for a bit.  Grin
legendary
Activity: 1358
Merit: 1003
Designer - Developer
Congrats on 100,000,000 Bets with CLAM doog.
legendary
Activity: 1624
Merit: 1007
The bet amount seemed to go up pretty fast near the win mark. I made the 99999999 bet so was pretty close Tongue (I was hummel or something lol. Didnt realize i hadn't logged in before i deposited so i sticked with it)
Fun event Smiley
legendary
Activity: 2940
Merit: 1333
i would have said that i got the record for being the biggest loser twice in a row (here and the billionth bet on j-d) but maybe charity won that crown this time.

https://just-dice.com/roll/100000009

gg. ty for the fun d00g.

Thanks. Smiley

So I kind of messed up by forgetting to mention the "50% chance or lower" bit in the on-site ad:



So when the time came, some people were betting with high chance of winning:



And the 100 millionth bet itself was at high chance:



So I paid out both bonuses anyway:





I'm glad to see it didn't go to someone running a bot:

Quote
2015-03-16 07:31:38 bet #99999051: 0.00008192 CLAM @ 95% lo: lucky:623318 profit:0.00000344 bal:1.85307607 n:7208 crafter tot:5.62204126
2015-03-16 07:31:53 bet #99999588: 0.11581725 CLAM @ 95% hi: lucky:837247 profit:0.00487651 bal:1.85795258 n:7209 crafter tot:5.62691777
2015-03-16 07:32:08 bet #99999819: 0.23163451 CLAM @ 95% hi: lucky:934668 profit:0.00975303 bal:1.86770561 n:7210 crafter tot:5.63667080
2015-03-16 07:32:12 bet #100000000: 1.86770561 CLAM @ 95% hi: lucky:136456 profit:0.07864023 bal:1.94634584 n:7211 crafter tot:5.71531103
2015-03-16 07:32:39 chat: I GOT IT
2015-03-16 07:33:00 chat: YAY I WON !!!
2015-03-16 07:33:30 chat: YAY 100M BET ! Cheesy that was sooo lucky !!!!
2015-03-16 07:34:14 chat: WOW, that is sooo crazy
2015-03-16 07:34:21 chat: i did soo many bets .. i cant belive i hit that !!!!
2015-03-16 07:35:05 ACTION public tip sent 20 CLAM from (1) dooglus to (1053209) crafter
2015-03-16 07:35:05 chat: YAY ! so do i win 100x my bet plus 20 clam Huh
2015-03-16 07:36:30 chat: 10x wooot !!!
2015-03-16 07:36:37 chat: 18.6 clam Cheesy
2015-03-16 07:36:47 chat: do i get 20 clam bonus toooo Huh
2015-03-16 07:37:01 ACTION public tip sent 18.6770561 CLAM from (1) dooglus to (1053209) crafter
2015-03-16 07:37:14 chat: WOW soo many clam !
2015-03-16 07:37:20 chat: ::
2015-03-16 07:37:44 ACTION public tip sent 1.94634584 CLAM from (1053209) crafter to (984615) 100x Dash 2458w
2015-03-16 07:41:29 chat: dooglus, thank you so much for the 100m bet promotion, makes me happy to always come here Smiley and JD and DD in the past
2015-03-16 07:45:56 chat: still in shock over here
2015-03-16 07:46:27 chat: not alot ... but pretty good .. 1.8 bet ... so 18 for that .. plus 20
2015-03-16 07:46:34 chat: 38 clam
2015-03-16 07:46:56 chat: thank you Cheesy it was like hitting a jackpot on a slot machine Cheesy
2015-03-16 07:47:15 chat: my heart started beating fast
2015-03-16 07:51:31 chat: i wish i bet more, but it was my biggest bet of the night lol
2015-03-16 07:52:18 chat: i hit bet 99999819 and 100m
2015-03-16 07:52:58 chat: and i have no bot .. wasnt using keyboard .. used the mouse only !

Someone asked whether investors made a profit from the betting induced by the bonuses. It looks like the site profit rose about 200 CLAMs:

hero member
Activity: 1328
Merit: 563
MintDice.com | TG: t.me/MintDice
i would have said that i got the record for being the biggest loser twice in a row (here and the billionth bet on j-d) but maybe charity won that crown this time.

https://just-dice.com/roll/100000009

gg. ty for the fun d00g.
legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)

tldr: the 100 millionth bet gets 10 times its stake as a bonus, win or lose, up to 100*10 = 1000 CLAM, and only if the bet is at 50% or lower chance.

This will be interesting
May the odds be ever in your favor  Wink

Did you see the post on 'does martingale really works?' about that? Or is this an 'odd' coincidence?

It is but an 'odd' coincidence wasn't tracking all your posts recently Doog ^^.
I was quoting the Hunger Games Junk you mentioned about it being a battle for that 1 spot
https://www.youtube.com/watch?v=_s7qgNMqDJI
legendary
Activity: 2940
Merit: 1333

tldr: the 100 millionth bet gets 10 times its stake as a bonus, win or lose, up to 100*10 = 1000 CLAM, and only if the bet is at 50% or lower chance.

This will be interesting
May the odds be ever in your favor  Wink

Did you see the post on 'does martingale really works?' about that? Or is this an 'odd' coincidence?
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