Topic: Quinto BTC Lottery • PM Poker, S.A. • 6% ownership (Updated 3 Jul 2015) - page 2. (Read 5496 times)

We like to address the last couple of posts.  

First fox19891989, did signing up on our first day of launching and did have a issue upon signup.  Below is the timeline of events (March 31, 2015):

Fox19891989 (4:29pm): Post programming error on thread, with a broken link.

PMPoker (4:32pm) : sent Private Message (“PM”) to fox19891989:
“could you email the screenshot directly please.

[personal email omitted]

It did not show up in the forum”

Fox19891989 (4:34pm):  PM to PMPoker:
  “I just modified the link, it's OK now, thanks, fast support!”

PMPoker (4:36pm): PM to fox19891989:
 “This looks like you where trying to do a signup is that correct...

Just want to do a quick test in our qa system.”

Fox19891989 (4:39pm): PM to PMPoker:
“yes, failed on sign up, my username and pw are all characters.”

PMPoker (4:49pm): PM to fox19891989:
“This issue is fixed.  I also posted it in the forum”

From the moment he first posted the error and the delay on communication it took us a total of 20 minutes to resolve the issue.  We also thanked him for notifying us about the issue.

Fox19891989 then posts:

We replied to his post with the following:

We have followed fox19891989, and notice that he is promoting some specific gaming sites.  So IMO, this person came in to see what we offer (as their competition), and as any competitor would do, they start negative talk about their competition.  Their biggest complaint was we are not handing out FREE money fast enough.  If our business model was designed to just hand out free money, there would be absolutely no reason to invest in our business.  Their motive is clear, they do not want us as competitor because we have a better design, better software, and can handle more customers.

The fact that we have low play volume is expected when you’re first starting out.  Primary propose of this investment is to find the necessary funds for marketing, and to be a driving force in the poker arena.  It would be unrealistic to expect hundreds of player on opening day, and without marketing you do not have a chance against all the competition.

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Chef Ramsay, we understand your point regarding the milli-bitcoin, but at this time we use mBTC as our unit of measure within the software, and felt it was best to represent our income based on those units.

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Crazyivan, you did ask for revenue data and proof of the 300% ROI claim.  When writing we did focus on explaining the 300% ROI, and afterward realized we did not explain the revenue data.  Although this section would have been very short nonetheless we should have posted it with everything else.

We initially launched our product without a wallet only offering faucet play; we then re-launch with a wallet on March 31, 2015.  So our revenue stream is negligible.  As of this posting we have handled 35,388 mBTC (BTC35.388) earning less then 1% profit.

In closing we are not asking for an investment in a product that has yet to be designed, we are focus on marketing.  If we had a substantial revenue stream we would not be seeking accredited investors at this time.  We are a newly launched site, with ownership that was part of a previously successful fiat site that did over $50,000,000 in handle (BingoGold.com).  We have the experience and better knowledge then most OP out there.  If you want to know more about our technology, NDA would be required.

I think they don't have any profit because no many players play there. I don't know now how many players there, but i am sure less than 10.

I uninstalled their PC client after playing some hours. Sometimes the client was closed by itself, it showed some errors. And their freerolls were lies because they cancelled my registration. I spent many hours there, it wasted my time and energy.

This OP is so fishy, he never shows how many users there(he dare not ). He just shows you some day dreaming stories, buggy client and wanna get 1000BTC fund? LMAO, BE CAUTIOUS!!!

This is interesting info. Exactly due to this reason I ve asked for revenue data first.

LMAO, this owner is urgent to sell cheap apps and website to you with very overpriced price.

I have tried this site on April 1st, had very bad experience there. The worst gamble site I have tried.

1. Buggy PC client, I downloaded and tried to registered, but failed, so there was a bug. Proof: https://bitcointalksearch.org/topic/m.10946412  That thread is self-moderated, if you can't see my post there, it must be deleted by OP.
2. There were a few users there, less than 5, when I logged in, it just showed me and admin were online, in 3 hours, I saw the other player.
3. I registered many poker tours, but they were all cancelled, the reason was: at least 5 players in a freeroll. But you just have pathetic 3 players, you still didn't wanna us play?

IMO. With such a tiny traffic and no profit site, your site is worth less than 3 BTC. But not worth 3000btc. You just day dreaming it is worth 3K btc?

OP is incompetent to manage this site, including marketing, develop a non-bug app, that's why he sold the site so high price to you, which is a no traffic gambling site.

Don't be fooled by him, guys, you can see his site announcement, https://bitcointalksearch.org/topic/pm-poker-excellent-reward-system-instant-withdrawal-true-vegas-style-poker-931881  Posted on January 21, 2015, but only 2 pages replies, and most of the replies were made by him.

I'm not sure the default position should be milli-micro bits at this point rather than full quantities of bitcoin revenue tab as the prognosis. Lots can happen with stakes in the unknown or more than that.

Looking only at Ring games possibility, we anticipate starting with 9 tables after 90 days.  With an expected growth rate of 5% per month, this would bring our total table count to 45 by the 36th month.  Although Bitcoin poker has a much reduced market share than major fiat poker sites, this would represent 0.5% of their market.

Across all tables, we estimate an total average rake of 0.74 m฿, with a target of 35 raked hands per hour.  With these numbers in mind, our income in the first 18 months would be 4,372,000 m฿, which would yeild 131.18% ROI and 14,385,000 m฿ over 36 months (431.55% ROI). Even if we fall short by 30%, we would yield 302.08%.

We also offer other games that should increase the overall revenue stream, but our primary focus for achieving success for our investors is Ring games.

We also acquired all rights to BingoGold.com software and customer base, which was one of the top bingo sites in the mid 00’s before the market crash.  With their 20K customer base, we hope to recruit 0.5% to our software.  By incorporating their games, we should easily add an additional 500,000 m฿ annually.

We have two traditional Bitcoin lotteries (NOT DICE) with Provably Fair outcome on drawings.  Unlike government lotteries, we offer true Pari-Mutuel prizes with no annuity payments.  5:55 Lotto has a starting guarantee jackpot of 10,000 m฿ with a 1.12% risk factor to our company.  We maintain a 5% carry-over on all prize pools to reduce future risk, and should back-to-back jackpot wins occur, the secondary jackpot will have the needed funds for another guaranteed jackpot.

We appreciate your time in reviewing our posts.

The OP has a good operation going on and has stated many great things to come if folks buy in at this point. It's on those investors to see what they're getting themselves into. The only issue is whether those prognostics will hold up in this business or as time goes by.

Can you support this 300% ROI claim with some actual revenue data? PM s fine if you do not feel like disclosing this in public.

Actually, we believe this valuation is low, and given the potential of our software (which is more then just poker) the ROI could easily reach 300%.

When you make the statement on a website, this is misleading.  You are putting us in the same category as a mom and pop selling candles and asking for $1M. 
This is the primary reason we must seek accredited investors, so that everyone has a full understanding of the project.  Even though we are a Costa Rica Corporation, we still have to follow all the rules of accredited and non-accredited investors.

Regarding the 35 raked hands per table/h:

Thy, are right about the 60-90 hands/h statement; however understand that even with this type of play volume that only 45% of the hands played physically take rake from the pot.

A 6 player max table may have more rakes then a full 10 player table because play tends to be looser, and may actually rake more.  The numbers we used is based on our prior experience in the gaming industry.

We know that just seat changes will not make us a success, however true ring poker players will like this feature.  Tournament player that play in events such as WSOP will like that our software for the realistic feel of an event.  We have optimized rebalancing where 99% of the time table one will be the final table, we only allow wagering in chip units at the table, and race off (color-up) lower denomination chips when no longer required in game play. 

฿500 tournament is not something we are doing instantly, and as “asuryan180” stated the number of Bitcoin poker player is substantially lower then fiat players.  But even so, other Bitcoin poker sites currently do not have the understanding or capability to hand that kind of load.  Our small group has over 120 years experience, and our QA has already tested up to 15K connections, but that is not all that must be considered, the ability to keep up with hand play and with our customized algorithms we are able to evaluate 6M hands per second (250,000 players/s).

“AT101ET and ChefRamsay” we apologize for the delay in responding to your post.


Valuation of the shares is based on our projection over three years, with the expectation of 100% ROI within 18 months, which we posted in PM Poker, S.A. Potential Revenue below.

As for this project, this is a new project and therefore we have no past share payout.

This does seem a big time pricey. Again I do not know the actual revenues of this website but 195 BTC for 5% means u actually value the website $865 000.

That s a lot of money.

You are talking to him like he does not understand what the poker world requires of him  80% of guys that start poker sites have a lot more poker experience than you could possibly imagine.

You need to keep up with the times bro, seals with clubs was not exactly big with 150+players logged in on a good day and that may have stopped but a couple of weeks later SWC took it's place and that has basically the same traffic as before.

500bitcoin tournaments are not happening until you are established with traffic the same as betcoin, unlikely at this point but that does not mean it can't be successful and that 25btc tournaments are small etc

Post above you can't use a ipoker tournament freeroll as an example    There is not 50,000 people within bitcoin poker! The buy in price of such a tournament would be 1-2btc which would only need 250-500 players, doable after established but again, start small think big. 25btc-50btc games are nice and once they go over the pot you increase the gtd etc.

I will take a look at cryptostocks!

 

There is certainly a market to fill after the big bitcoin poker site sealswithclubs was stopped some months ago, if other companys can get a piece of the pie before they have restrutured in full force at a more bitcoinfriendly country than USA. Can PM poker be one of such companys, who knows, the better handling of seatchanges is a good ide you have but that alone wount bring in thousends of players to the site.
You mention 35 raked hands per table/h in your calculations, that is a very slow pace if for limit/playlimit/nolimit holdem, in the fiat poker world you usually see paces of 60-90hands/h on full ring(9-10 players) tables and even faster at smaller tables, is there some limitations in your software making the play slower or do bitcoin players in general have slower connections or be more inexperienced than fiat poker players and therefore explain the slower pace ?
You also talk about a 500 btc tournament that would of course be amazing would be like the pokerstars sunday tournaments in the past when people from all countrys was allowed to play on the same site.
But for such tournament to work you would either need a lot of action on the site if other ring games and tournaments should partly sponsor that event or you would need a entry fee that resonably matches the price pool. If you had for example 50 000+ people playing the tournament like the biggest ipoker freeroll tournament draw in the past an entry fee of 0.01 btc would ruffly support the price pool and im sure a lot of player would give it a try for a chance at getting up to 25 000 times the money back even if they wouldent end up in the money(usually the top 10% or so) consistantly.

Kind of what I was wondering. The projections look really good but you know how things are in this subforum and what the past has brought. That's all I'm saying.

How exactly are you valuating the shares?
Do you have proof of past share pay outs?

Our new software release is completed and out there for download, should you wish to see.

PM Poker has scheduled our new release for March 31st or April 1st depending on server upgrade.

We are seeking to have a small advertising push for April and May, with some nice tournament offers.  Giving the marketing and the give-aways we like to raise BTC10 -BTC15 for this push.  Accredited investors would be great, but we could also structure this as a loan.

Please send us a message if your are interested.

PM Poker, S.A. Potential Revenue

Poker Revenue

Ring Games

PM Poker estimates it will manage 10 to 20 tables within the first year of its operations with 35 raked hands per hour and an average rake per hand of ฿0.00046.  Therefore, within the first year, PM Poker plans to generate approximately ฿2,000.00 conservatively.

With this in mind, PM Poker plans to generate a 6.0% growth rate per month during the first three years of operation.  Subsequently, PM Poker should expect to generate estimated gross revenue of ฿6,000.00 in the third year of operations, and will have managed at least 50 tables.  Total 3 year gross revenue is ฿11,000.00 for ring games.

Tournament Play

PM Poker anticipates reaching an average of 150 tournament players within the first year, with a conservative growth rate of 1.25% per month thereafter.  Accordingly, PM Poker should expect estimated gross revenue of ฿750.00 during the first year of operation, while managing an average of 35 tournaments per day.  PM Poker should also expect the number of daily tournaments to grow substantially as players request more and higher paying tournaments..

World's Largest Poker Tournament

Additionally, within the next year we will be promoting our "World's Largest Poker Tournament", in an effort to drive the greatest number of online players to PM Poker.  In order to attract the largest volume of players possible, this tournament will have a minimal entry fee (if not free) to all participants, with a guaranteed first prize of ฿250 and overall prizes totaling ฿500, depending on the number of entrants.  As a result, PM Poker will acquire an attainable player base within our first year, and the potential future revenue received from these players will more than offset the expense.

Secondary Income

In addition to Ring Games and Tournament Play, PM Poker will also have the ability to generate additional revenue through “sit and go” tournaments, as well as the sale of “branded” on-line merchandise, such as t-shirts, hats, bags.

Poker Summary

By factoring the combination of Ring Games, Tournament Play and secondary income opportunities, PM Poker should anticipate gross sales of ฿3,500.00 by the end of the first year of operations, and ฿20,000.00 during of the third year of operations.  Therefore, PM Poker plans to achieve estimated overall gross revenue of ฿35,000.00 for all three years of operations combined.

PM Poker expects 40% expense over the three years for advertising and administrative expense.  With this in mind, PM Poker overall Net revenue estimate is ฿21,000.00 for all three years of operations.


Lottery Revenue

5:55 LOTTO

PM Poker offers a daily 5:55 LOTTO that absolutely has best lottery odds of any lottery game.  A player picks five lucky numbers from 1 to 55, or may play randomly generated numbers with Quick Picks.  5:55 LOTTO offers the best odds on winning, with winning picks only requiring one matching number to win. Picks with more winning numbers pay increasingly higher, depending on the combinations.  All payouts are Pari-Mutuel.

Pari-Mutuel payouts vary, based on winning combinations and accumulated funds for a specific winning combination.  Each winning combination accumulates funds in a separate pool until won.  The jackpot is won by matching all five numbers.  The overall odds of winning a prize in 5:55 LOTTO is approximately 1 in 2.56.

With drawings held daily at 5:55pm UTC, low entry fee of ฿0.00055 (0.55 mBTC), and the high payback ratio, we believe the number of picks could reach up to 15,000 per drawing.  With 20% withheld for expenses, and 25% going to charity, 5:55 LOTTO has the potential to net PM Poker ฿445.50 annual income.

Quinto BTC Lottery

Quinto BTC Lottery (“Quinto”) is the most exceptional, innovated Bitcoin lottery available.  Unlike most traditional number-based lotteries, Quinto players select their picks based on a standard deck of cards. Player chooses 5 cards, and wins are determined by both the number of matching cards, as well as their position in the pick itself.

The object of Quinto is to match your picks with the game draw.  Prizes are based on how many matching cards, and how many are in the correct position.  This allows Quinto to offer 18 ways to win (including Jackpot).  There are two distinct payout types: Fixed and Pari-Mutuel.

Fixed payouts have guaranteed payout amounts, whereas Pari-Mutuel payouts vary, based on winning combinations and accumulated funds for a specific winning combination.  Each winning combination accumulates funds in separate pool until won.  The overall odds of winning a prize in Quinto are approximately 1 in 7.39.

Quinto drawings are held on the 5, 10, 15, 20, 25, and 30th of every month (expect February) at 11:00pm UTC, the entry fee is ฿0.001 (1.00 mBTC), and with the potential jackpot reaching over 10 Million mBTC, we believe the number of picks could deliver up to 125,000 per drawing.  With 20% withheld for expenses, and 25% going to charity, Quinto would net PM Poker ฿1,331.25 annual income.

Scratchers

Scratch tickets are a very popular lottery game due to their potential for an instant win, as opposed to waiting for the next lottery drawing.  PM Poker offers a unique twist to traditional lottery tickets. Several of our scratch tickets are guaranteed to win every time, with a 25% minimum return on each ticket.

Like most scratch tickets, you must match three like symbols to win, but we do not stop there.  The more matching symbols on a ticket the more you win. If all six symbols match, you win 1000 times the amount shown.

At present, we are uncertain as to the amount of play scratchers can generate, but given the known popularity of scratch tickets in the “real world”, we anticipate the combined total of both 5:55 LOTTO and Quinto to equal the net revenue for scratchers.

Bingo Revenue

Over the next few months, PM Poker will convert all BingoGold games to accept Bitcoin. BingoGold games are very successful and already have a huge following. By converting these game to Bitcoin, we open up a revenue stream from both past and future bingo players.

Three-Up Bingo

Three Up bingo is a fast-paced poker style bingo game using 3 numbers on a card from 1 to 60. The major difference in Three Up bingo is the payout, where players use poker chips to cover numbers. When a player covers a number on their card, the overall payout drops. Therefore, the faster the win, the larger the payout. The amount won is determined by the number of poker chips not in play from all the players.

Additionally, Three Up Bingo offers jackpot prizes for covering all three numbers on a card within 3 numbers called. There is also a traditional Bonus Ball jackpot, which is won if player wins bingo on the specific Bonus Ball.

Three Up Bingo’s goal is to average 100 cards in play per game, with each game lasting approximately 2 minutes. With those figures in mind, Three Up Bingo could potentially generate annual revenue of ฿775.00.

Pull-Tabs

Pull-Tabs can be found in most bingo establishments to pass the time between games or during session breaks. Pull-Tabs will be another project brought over from BingoGold because of its huge popularity. Pull-Tabs offer multi-way winners and multiple winning combinations.

At present, we are uncertain as to the amount of play pull-tabs can generate. However, in regard to their performance at BingoGold, pull-tab revenue has generated a 5 to 1 ratio to bingo revenue.

Tell of the profits that will be awarded on this venture. It is interesting.

Today PM Poker completed 2FA for email changes, withdrawals, and transfer for player protection should they desire.

Lotto 5:55 and Quinto can now support unlimited purchases on a ticket, although we have capped them at 5000 picks.

We are in the final stages of our QA testing, and should have smooth release by April 1, 2015.

If you have any question please send us a message, and we will answer promptly.