I'm quite tempted to just give up on this whole thing. It looks like the site is simply at nakowa's mercy. He's promised me in the past that he won't play any more, but never sticks to his word. So what do I do? Continue to let the investors take these horrific losses?
I think you never tried some simulations with a player who is always playing at 1% with 49.5% probability. You will see many cases even worse than this one.