Post
Topic
Board Service Announcements (Altcoins)
Re: Just-Dice.com : Invest in 1% House Edge Dice Game
by
nicolaennio
on 30/09/2013, 10:35:40 UTC
I will tell you for example that I am 25% down and I invested back in July and I stayed invested throughout


Wow.
Man, good luck to get positive again, with all people investing when it is low (like now) and divesting when it is high.
It will be harder :/
No kidding, that my biggest problem with the system personally.  Once you take a loss, getting back to even becomes progressively more difficult due to continuous dilution.

I think the point is us the investors should think about a solution to protect our money and push for it. If I was Dooglus I'd be happy with things as they are, he can be divested and make money only on commissions on gains, and thus the risk of the small 1% edge is on the investors and not on him.

Anyhow it's obvious that if investors make more money, he will also earn more commissions on investors gains, IMO we just have to find a balance between investors being protected and players attracted to the site.

As a first step, I'd try a 1.5% edge. It looks to me that 1% is obviously not enough. I'd also consider a commission on each divestment in order to have a bankroll that is more stable and not fluctuating like crazy like yesterday.

Opinions on this?

I sort of agree on a 1.5% edge but it looks like that now the investors desires are going towards "the whale", how to change the rules in such a way to protect them but to keep the whale in for getting back the lost money (btw, how many whales are there?). Without this desire of keeping the whale, also going to 0.25% maxbet works in a similar way (as was done and then changed).

Divesting/investing is, as said before, the investor' fallacy. In any case they are just (on average) losing money and "protecting" those who keep invested from breaking too much when things go bad and giving them more money when things go good.