How long has the site been up and running? I ask cause I'm already seeing many games with 50-100 gg which I believe is the value of a dollar. In that case even at this really early stage they must be taking revenue in the 1000's of dollars which makes me wonder if I EVER want to sell these coins. I can see as this develops pots becoming thousands even tens of thousands. i hope the new UI doesn't completely change the UI as there is something already very compelling about it....don't over complicate it I hope.
Personally I think they shouldn't move to odds betting like 1/4 4/7 crap as many people are turned off by that kind of thing....seeing the pot and the percentage either side of the bet is far more fun for young gamers I think.
Quick glance math (not guaranteed to be accurate, do your own research)
Excluding steam sales:
To reach $1000 in revenue, $50,000 in bets must be collected.
To reach $1,000,000 in revenue (1m evaluation break even: 10% for 100k @ ico), $50,000,000 in bets must be collected (~120,000 Bitcoins worth) which PrimeDice (most popular and heaviest volume Bitcoin wagering site) just now passed after 3 years.
For people evaluating 5x ico, $250,000,000 (~600,000 Bitcoin) in bets must be placed.
That's not how you valuate a company or coin's which are hugely speculation driven are even harder to determine a value
Satoshi dice for example , when it took in $15 million of bet's , had made $500,000 in profit , had a valuation at the time of $8.9 million .
If you used that as a comparison , you could say , that if gamebet made 15 million in bets and made $500,000 in profits with a house edge of roughly 3.3% then the valuation of the coin would be $890,000 , possibly more considering satoshidice got sold in the same year for $11.5 million , so $1,150,000.
But again this wouldn't be accurate , because the model's are different , the site's offerings are different, the business is different , the coin offer speculatory value or potential loss of value .
anyone could do rough "calculations" against other similar ideas and get either good or bad numbers depending on what they are comparing it to exactly and what assumptions are made beforehand.
