Re: S.DICE - Want a piece of SatoshiDICE? IPO this week before new site launch!
Cedus, you're confusing yourself.
See figures here: https://docs.google.com/spreadsheet/ccc?key=0Aiec3-Eo_yO5dG5SQklHZG4wRm1GMW9DRWpMMW5UQkE#gid=0
Avg. daily revenues: 4,798.63
House edge: 0.019
Avg. profit per day: 91.17 btc (this is profit, not revenue)
Projected profit per year: 33,278 (again, this is profit, not revenue, and assumes ZERO growth)
IPO will raise capital at roughly 10x P/E ratio based on that above figure.
See figures here: https://docs.google.com/spreadsheet/ccc?key=0Aiec3-Eo_yO5dG5SQklHZG4wRm1GMW9DRWpMMW5UQkE#gid=0
Avg. daily revenues: 4,798.63
House edge: 0.019
Avg. profit per day: 91.17 btc (this is profit, not revenue)
Projected profit per year: 33,278 (again, this is profit, not revenue, and assumes ZERO growth)
IPO will raise capital at roughly 10x P/E ratio based on that above figure.
I stand corrected (partially). Correct P/E is 11, not 10 or 15.
Didn't realise you're still suffering that massively from variance.Edit: To be clear, your actual revenue per day is 72.35 btc, expenses 4.69 btc and profit 67.66 btc. Then, the projected daily/annual profit (based on zero growth in revenue/expenses and statistical house edge) is 86.48/31,566 btc (not the 91.17/33,278 mentioned above, which is indeed revenue, not profit - the difference is expenses).