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?

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?

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 Check it out:

https://bt.irlbtc.com/view/997082.msg10827558#msg10827558

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'?"

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 useoffsite 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.

Think of it this way.

The total amount invested is 1000.
In the first month the site makes a profit of 10 (1%).
Then you invest.
In the 2nd month the site makes another profit of 10 (another ~1%). Total profit is now 20.

You say "hey, profit went from 10 to 20. It doubled! When did I only make 1%?"

Do you see the error in your thinking?

The fact that the profit doubled is of no importance. You invested into a bankroll which grew from 1010 to 1020. That's about a 1% growth, and so you got about 1% growth on your investment.

You also need to take into account that different investors use different amounts of "offsite investment". See the Just-Dice FAQ tab for details. Your share of the profits is proportional to your total of (onsite + offsite), as is everyone else's. Your share of the staking is proportional to just your onsite coins, since they're the only ones the site can stake for you.

Edit: I just re-read your post, and found a bigger problem:


That seems wrong. Your investment profit started at zero, and is now presumably positive. That's not a 10% increase, that's an infinite percentage increase. "The site profit doubled so my investment profit doubled" isn't good logic. The only similar statement that is close to being true is: "the site's bankroll (onsite + offsite) went up by X%, so my total investment (onsite + offsite) should also have gone up by X% (until 10% commission is taken at the end of the week, at which point it will have gone up by 0.90*X%, and more because of staking rewards"

I don't think the site makes it very clear where your profits came from.

Let's look at a random user for an example. This guy hasn't touched his investment for the last couple of months, so things aren't complicated by invest/divest events.

Here's his "investments" report:



And his "commission" report:



Looking at the most recent week, we see his "profit" is shown as 0.00612616 and his commission is 10% of that. That is his profit from the house edge. It doesn't include his staking profit.

Each time we stake a block, 90% of the block's reward is distributed to investors, and 10% is taken as commission, immediately. Your share of the block reward is added to your investment, and also to your "base", which means it won't be seen as "profit" at the end of the week, and you won't have to pay any further commission on it.

If you look at the guy's "base" figure and how it changed this last week, you'll see it went up from 133.78519775 to 136.04771387. That's a rise of 2.26251612, and represents his total profit for the week, including from staking.

Finally, if you look at https://just-dice.com/wagered.txt you can see the site profit and staked amounts per day. For the week in question we see:


ie. the site staked 8011.70520000 CLAM and won 1089.53447718 CLAM.

The guy we're looking at has no offsite investment. His 'base' went up by 2.26251612 for the week, meaning that 90% of his total profit before commission is 2.26251612, and so his total profit for the week before commission was 2.26251612/0.9 = 2.5139068 CLAM. We already saw that his profit from the house edge before commission was 0.00612616 CLAM, so his profit from staking was 2.5139068 - 0.00612616 = 2.50778064 CLAM.

Note that his profit from staking is around 400 times bigger than his profit from the house edge. That's because the site made 8 times more from staking than it did from the house edge, and the average investor has roughly a 50x offsite investment. 50 * 8 = 400.

Does that make more sense now?

If you have any questions I'll do my best to answer them. Maybe post your 'investment' and 'commission' reports if you have specific questions about them.

Typesupply in the Just-Dice chat tab: