Post
Topic
Board Gambling
Re: bustabit v2 – No commission on investors & dilution fee lowered to 1%
by
quickmaffs
on 27/02/2018, 19:27:55 UTC
if RHavar confirmed 2x KC so please lets hear his opinion why he did use a 2x KC as he knows very good the risk of 2x KC

At 2x kelly, an investor simply has 0 expected bankroll growth. That isn't inherently bad or anything (consider that it is still massively +EV), and the risks were well published. It's also worth noting that even when the whale was playing (with multiple accounts) it seemed most of the time he cashed out before the "forced cash out". Which means those bets were all < 2x kelly.

Almost all of the volume was bets from the single player whale which closed in on 2x kelly more than it was 1x kelly ("in line with the kelly criterion") from devan's post.

To protect investors, the most a single player can win in one game is 1 % of the bankroll, in line with the Kelly criterion.

Let's fill this out:

2x Kelly for investors = ZERO
-1% House edge for players = MINUS
+0.25% House edge for devans/RHavar = PLUS

Investors were not exposed to what was promised.  It was not in line with the kelly criterion.

If you had explained that investors would be exposed to zero bankroll growth all while devans makes millions of dollars at their benefit, they would not have done it.

You scaled back the kelly to 1.5x instead of 2x but you and devans still profited millions before doing so.

You guys lied several times while doing all of this and tried to make the excuse of recovering from dialing back the kelly to justify your deception and thievery from that before.

You are both dishonest and shameful human beings.  You can insult me and negative tag me all you want to try and hide it, but the fact of it always remains.