What matters more to me is the ultra-steady 1.9% edge line because that's indicative of longer term profits and this month - the last few days in particular- have shown it getting pretty close to flat.
Can someone remind me why we care about the 1.9% margin? I mean, if I wanted to make 1.9%, on average, for a term of say one year, then I might as well keep my fiat in the bank and not assume the risks associated with the stock price or SD being out-competed. Not to mention the risk associated with BTC/USD rate that apparently influences SD share price.
The thing is, SDICE doesn't pay 1.9% per year, it pays 1.9% per bet, on average.
So far, they've been running for less than a year, and have taken around 3.6 million BTC in bets.
The share price is somewhere around 0.00368, and there are 100 million shares.
That means their market cap is around 360k BTC.
So in less than a year, they've taken 10 times their market cap in bets, and so are expected to have profited about 19% of their market cap, not 1.9%.
Does your bank pay 19% per year?