Post
Topic
Board Scam Accusations
Re: DADICE : exposing investors to more risk than their kelly, misleading informatio
by
dadice_dev
on 11/07/2015, 16:51:47 UTC
As informed you in chat, termonilogies have been updated.

Thanks. I think that's a lot less confusing:

http://i.imgur.com/yASlDFO.png

Although I think it would be better to explicitly state how things work. A smart investor will want to risk something between 0.5 and 1 times the Kelly amount. First off, they are going to need to know what "bankroll: 621.7470" means. Is that the actual number of Bitcoins you have invested? Or is that the sum of each invested amount times the risk factor? I'm guessing its the latter, but am not sure. That should be cleared up somewhere.

Assuming that is the case, and that I want to risk a full Kelly, I need to set my risk to bank/maxprofit/100 = 621.747/20/100 = 0.31x - which isn't an option. The smallest you allow is 0.5x, which is almost twice a fully Kelly, which is too much.

Yes dooglus, You are right and I didn't deny it earlier either. We will get the new manual in place until the max. payout remains at 20 BTC but as you explained in earlier posts, we will make the max. payout accordingly in near future (as soon as our commercial dept. is up for that). And all your other concerns regarding DA Dice will be addressed as well.