Quote from: TigerTatas on June 10, 2015, 06:44:56 AM

My ideas for running a jackpot.

Thanks for taking the time.

Quote from: TigerTatas on June 10, 2015, 06:44:56 AM

Funding the jackpot:
Dooglus adds 1k to a staking account and 100% of his stakes go to jackpot balance.

100% of my stakes? I don't like that idea one little bit! Do you mean the jackpot account's stakes go to the jackpot account? That seems reasonable.

Quote from: TigerTatas on June 10, 2015, 06:44:56 AM

Players have the option to supply 1/2 of their invested stake to jackpot. Default to No. (Benefit for doing this below)
Players have the option to simply donate to the jackpot.
/Tip Last command includes jackpot always.

When you say "players", you mean "investors", right? Because they're the only ones who benefit from staking. Note that most weeks, for most investors, their return from staking is bigger than their return from players losing. You can see this from the fact that the site has staked 200k, but only won 100k from players - staking is twice as big as gambling profits. So it sounds like you're asking investors to give up 33% of their expected income if I've understood correctly.

Quote from: TigerTatas on June 10, 2015, 06:44:56 AM

Determine winner:
Player rolls 99.9999 is solid. (If I was worried about you brute-forcing a winning seed and playing under a fake account to win, I wouldn't play at your site. I see that as a non-issue.)
When a player rolls 99.9999 a 'Congratulations' message can appear in chat and possibly a special color for the Bet Results tabs.
When a player rolls 99.9999 they are credited with (both daily and weekly) jackpot points equal to wagered amount, but no rewards are given yet.

I'd like to have 00.0000 count as well. I don't want to bias the jackpot in favour of people who only like to bet 'hi'. I'd also make it that your bet has to be a winning bet to qualify, so it's still only 1 in a million that counts. If someone rolls 99.9999 while betting 'lo', the site could comment on the fact in chat, but not award any thing. Or maybe award 10% of the points they would have got if they rolled correctly, as a booby prize.

Quote from: TigerTatas on June 10, 2015, 06:44:56 AM

Winner Payout:
Each day, 1% of the jackpot is split between all players with jackpot (daily) bonus points in proportion to their amount as a percentage of the sum of all qualifying points.
Daily jackpot bonus points are reset to 0.

Each week, 10% of the jackpot is split between all players with jackpot (week) bonus points in proportion to their amount as a percentage of the sum of all qualifying points.
Weekly jackpot bonus points are reset to 0.

(I think this will allow the jackpot to grow nicely.)

I think it will grow towards a limit, and pretty much stay there. We can consider the inflow to be roughly constant, and the outflow to be 17% per week (seven 1% daily payout, and one 10% weekly payout). So the pot will reach a point where the weekly inflow is equal to 17% of the pot. Or in other words the pot will grow to be 6 times the size of the weekly inflow.

Quote from: TigerTatas on June 10, 2015, 06:44:56 AM

Incentive for player to donate 1/2 stakes:
Players that donate 1/2 their staked income get a x2 multiplier on jackpot points they earn. (Up to a maximum of amount invested)

Again, I'm guessing you mean 'investors' when you say 'players' here. I think it's good to make some kind of incentive for investors to contribute to the pot, but I don't think this works. If I'm an investor with 10k invested, I'm making quite a lot from staking. I don't want to give half of it up just to get double jackpot points. Instead I can move 10 CLAMs to a new account, invest it, and set just that account to give up half its staking rewards. Then bet on that account and get double jackpot points. In doing so I've managed to keep almost all my staking rewards and still get double jackpot points.

Quote from: chriswen on June 10, 2015, 07:11:51 AM

This won't allow the jackpot to grow nicely. Percentages are too high. Maybe if the weekly jackpot bonus points are reset to something non zero.

I don't understand. Whether or not the points are reset each week, the weekly payout is always going to be 10% of the pot as I understood the proposal. Taking 10% out each week will limit its growth, of course - but I don't see how the points affect it.

Quote from: TigerTatas on June 10, 2015, 06:44:56 AM

I don't think this is really an incentive for investment. It's just a bonus for gambling, and its not even +EV.

I don't think we can make things +EV for everyone. Somebody has to pay for the jackpot. Adding a jackpot is increasing the player's expectation, and so it has to reduce someone else's expectation. But I agree that asking investors to give up half their staking income for improved jackpot payoffs is unlikely to be well received.