I don't think it will be a problem very long.

User # 2128

Amazing site!

User ID 672

Now happily less than 50% of the sites profit....... 

 So I figured out that an investor can actually be losing money, even in the long-run, because of the increasing pool of investment.

Say, you invest a certain amount, and the site's profit goes down, so you loose some money.  If the total investment pool stays constant, then all you have to do is to wait: at some point, with certainty, you will regain your investment and make a profit. However, if the pool is increasing, and keeps increasing, then your share decreases and so does your profit. It is easy to see that at some rate of pool growth you will never be able to make up even a small loss.  With the current investment growth, I think the threat is quite real.

So it seems to me some sort of early-investor prioritizing is needed.

just to make sure: I'm not complaining about my investment - I'm up, thanks, dooglus!- just bringing up a concern that one can easily overlook reading the JD faq.
(In fact, I think prioritizing early investors at this point will lower my profits.)

You analysis assumes :

1) You start with a loss. (nearly all current investors are up well over EV)

2) Investment continues to increase infinitely. (this is impossible)

3) Bet volume forever lags investment growth. (extremely unlikely)

All 3 assumptions are wrong.

2182

It's the result of seeing s.dice, thinking immediately "I could do that, only I'd let the players invest" then sitting around scratching my ass for a year and doing nothing about it.  Then seeing a comment on the PrimeDice thread from Zaih when Stunna lost a bunch in the first few days, offering the site an interest free loan, and thinking "if people are willing to offer interest-free loans, maybe they'll go for investing in a dice site bankroll for a cut of the profits.  So I got coding.


It got worse after that.  Look at this very successful martingale sequence:



The 0-bets seem to be attractive for some of our biggest bettors.  They roll a bunch of 0 bets until the numbers look right, then make a big bet.  You can argue that the 0-bets don't change their odds of winning, and I would, but it does actually make a difference.  The nonce determines the roll, and 'wasting' some by rolling zeroes changes the nonce.  It's just that you never know which ones are going to be the 'good' rolls until you see them.  Either way, I think it's a good feature to offer, since players feel it adds value even if it doesn't.

The server is nowhere near capacity, and handles many bets per second with ease.  If zero-bets become a problem, I already have code in place to delay bets according to their size.  It's just not enabled yet, because it's not needed.

I don't know if the 1% of 1% will even be enough to cover server costs.  It depends on the bet volume (and luck).  I can cover the costs of running the site until it becomes clear whether the commission is going to be enough.  And if it isn't, I'll increase the commission rate until it is.  Some investors may chose to pull out if the commission rate rises, but I don't think that will be a problem.  We have a LOT of investment already.


I'm going to go through the thread later and gather all the dust-requests at one time.  I'll do yours then.

Thanks for investing.    And sorry about the recent bad luck!

Did someone actually win 18 btc?!?! HOLY COW
Did he have a betting pattern?

I want to try!
user is 2237.

It was a 'martingale', google it.

Basically double your bet if you lose untill you win. (great if you have unlimited BTC)

I made a thread in the 'securities' forum for investors to discuss investory things away from the bitcent riff-raff. 

    https://bitcointalk.org/?topic=242962

(No offence intended to the bitcent riff-raff, we love you all).