Post
Topic
Board Gambling
Re: bustabit v2 – No commission on investors & dilution fee lowered to 1%
by
RHavar
on 26/02/2018, 15:31:03 UTC
My argument is that he was able to bet more than 1% of the bankroll.  Am I lying?

No, I am not.  He was able to bet more than 1% and RHavar and devans allowed this.  They are the liars.  Prove me otherwise without lying again. Use facts instead of insults you two criminals.

Just to be clear, I didn't allow anything. I am just a passive investor there, it's Daniel who is the owner.

And secondly, if you read the FAQ and terms you would see that the site never deviated from what it promised. I guess there's some ambiguity on the term "player" as you could interpret it to mean "person" or you could interpret it to be "bustabit account". However, bustabit has had a long standing policy of allowing multiple accounts for a single person (doing anything differently would imho be kind of crazy, as it's a policy that's impossible to enforce and results in a lot of false-positives like when people from the same house hold are players)

But the reality is it doesn't matter. Take a look at bustadice.com for instance, which operates in virtually the same way with a similar size bankroll and players are free to bet up to like 2000 BTC if they want. It would actually be advantageous to bustabit and investors if bustabit allowed the same thing (after all, if someone bets 1000 BTC in a single game, that's 10 BTC of EV) but the entire reason that bustabit doesn't allow it is to protect other players. Whales that bet a lot of money are able to drive the "forced cashout point" down really low, which can really negatively impact other people who were hoping to aim at higher multiples.

tldr; the max bet restriction exists to protect the experience of other players, not investors/the house