Topic: Unique auction: 0.1% share on each bet forever (Read 222 times)

I made a mistake, the offer i have is 10 BTC for 0.15% per bet!

Wouldn't this be -EV for you? Your house edge is 0.1% to 1%, and offering 1.5% income means an estimated 0.5% loss for each bet. I fail to see how a larger bankroll at the cost of negative expected profit is a good deal for you. Even at a 0.1% share, some bets (1.01x) are negative EV for you.

I think you'd be better off looking for Litecoin investors to just invest in the bankroll directly, kinda like what bustabit is now doing.

Can this really be considered a bid though? With a house edge no more than 1% (which your website claims), this would be negative EV for the house. The only way this would be profitable for you to accept would be if the house is dishonest in some way.

Current bit, by anonymous: 10 BTC for 1.5% income per bet.

EDIT: I made a mistake above, it is 10 BTC for 0.15% per bet!

Hello everybody!

litecoin.win has had a investment stage (under the name of ltcrash.com) where we were able to raise over 550 LTC for our bankroll. litecoin.win is running for a couple of weeks now with great success. The game runs stable and secure. We already have a well established user base, considering this short amount of time, with over 50 people playing, almost every game.

What we want is (a bigger) bankroll, so that our players can place bigger bets then our currently max bet of 1 LTC, and for stability.

I'm offering the following:

We are offering 2 spots (shares) for 1 or 2 investors:
For an investment of 10 BTC in our bankroll you will get the following:

* a permanent (years) income of 0.1% of each and every bet placed in the casino (winning or losing).
* the option to pull out your investment (minus earnings / 2). ^***

You will get (or register) an account on www.litecoin.win. After each bet placed, that account will be credited. You can withdraw you earnings at any given time (with a minimum of 0.01 LTC). Your investment will be influenced by the house. So if you want to pull out, you will either receive your full investment back (if the house gained since you invested), or get a percentage back (if the house lost). Please note, that when the house loses, you still just earn income for every bet.

We will be eligible to buy you out at any given time, by returning your investment (minus earnings /2), so you would get your full investment back).

In the past two weeks, since the game launched, an investor with a share of 0.1% would have collected about 15 LTC

If you don't know what (a) bankroll is, please don't respond.

This is an auction. Start bidding from 10 BTC per share. We are looking for long term investors (> months preferably)
Questions: PM me. Please use this thread to bid.

Please bid as follows: 11 BTC for 1 share

^{*** For example: You invest 10 BTC and in a months time your earned 1 BTC. Then you want to pull our, you will get 9.5 BTC back + the 1BTC, you earned. So a total of 10.5}