Quote from: BetKing.io on October 19, 2016, 05:10:00 PM

Quote from: Dogedigital on October 19, 2016, 04:30:42 PM

Quote from: win win win on October 18, 2016, 01:23:50 AM

Quote from: Erza on October 18, 2016, 12:36:29 AM

Quote from: Persepolis on October 17, 2016, 10:19:54 PM

Quote from: BetKing.io on October 17, 2016, 10:15:34 PM

Our bankroll is now over 6200 Bitcoin with a max profit in a single roll 246 Bitcoin!

Why was the decision made to limit investments to 4x Kelly?

I guess they dont limit it to 4x kelly but they lower it to 4x kelly but still you can invest on 5x kelly or more if they have this thing. Usually people tend to play at 5x kelly to get more in return

I don't understand? or you don't understand?
You don't have an account?

6200*4*.01= 248

But imagine if everyone was at 25x..............
BTC1550
That's where the fun starts.... $1mil

What is the biggest bet ever on dice?

You can win up to 4% of the house bankroll, and after you factor in the commissions taken, it ends up being much more than 4x kelly.

It's an interesting situation.

The highest wagers can be made at BetKing because of how it's setup and because Dean has been trustworthy with the funds.

It allows Betking to have an amazing amount of volume (despite a small amount of total bets) and attracts the largest whales, but the variance for investors is incredibly high.

Luckily it has performed extremely well above its expectation. Over-leveraging and a bit of a lucky streak from a whale could obliterate the site, so imo it's fine enough where it's currently set.

I actually will probably reduce it again soon. We want to maintain the largest max bet in the business but there's no need for larger risk.

The leverage system was great to give people the option of only putting a small amount of Bitcoin on the site and so not need to trust me with all their coins but no one used it for that, they want the largest share of bankroll so put all their money on 10x anyway!

I used it for exactly that reason and the same with justdice to diversify my total investment in bitcoins, But I might be a outlier.
It's a shame other investors need to be nannied and ruin it for the rest of us.