I don't understand why the max bet should go down. I see some are surprised of the amount of loss that can be made in a short time. Indeed the site lost in a few days roughly 4,000 btc on an invested capital of around 25,000 btc, that's a loss of -16%. But if it can go down so much so quick, it can also go up so much so quick, which indeed happened right before when the site was up 2000 btc or +6% in only a few days too. As long as you have the 1% house advantage all is well I would think as you have statistical certainty that you will make up the loss as long as people continue to play.
However is it not the case that lowering the maximum bet makes the site less attractive for whales? If yes, you risk indeed not making up the loss if the whales choose other destinations!
I am stunned that just-dice succeeded in having MORE turnover than Satoshi Dice already after 1 month. BTC turnover being the most important factor for the bottom line that is an amazing accomplishment. Obviously just-dice is offering value. Is it offering too much value and asking too little in return resulting in a loss? I think that is too early to judge as a monthly loss of say -5% can still be made up easily the next month with say +15%, resulting in an average of +5% per month, as was 'promised' in the brochure
However is it not the case that lowering the maximum bet makes the site less attractive for whales? If yes, you risk indeed not making up the loss if the whales choose other destinations!
I am stunned that just-dice succeeded in having MORE turnover than Satoshi Dice already after 1 month. BTC turnover being the most important factor for the bottom line that is an amazing accomplishment. Obviously just-dice is offering value. Is it offering too much value and asking too little in return resulting in a loss? I think that is too early to judge as a monthly loss of say -5% can still be made up easily the next month with say +15%, resulting in an average of +5% per month, as was 'promised' in the brochure
You should be able to bet whatever you want, even more than the investor's money.
But if you want to bet something huge (let's say 10k USD), it should split the bets into smaller ones, and ran them independantly.
That won't stop whales from coming, and will be safer for investors.
Of course it would stop whales coming. They don't want their big bets split up into small ones. If you do that right the way down then you may as well just ask them to send 1% of their BR to the site and not bother playing at all.
People who are willing to lose large sums of money want to be able to win large sums of money. If the site wants to be able to take a few K BTC off a player then it has to be able to lose a few K BTC to them as well - or they won't come. Whales aren't going to show up with 5K BTC if there's a max win of 25 BTC or if big bets are treated as a load of small ones.
As investors we have to be willing to lose if we want to win - it really IS that simple. Any change that makes investing "safe" will scare off big gamblers as they want to gamble, not donate.