Doog, let me ask you a question just made to you on the chat and that peaked my interest:
I wonder that too. Normally casinos use their own money to fund their roll, and thus they protect it. In this case, your profit is in the commissions and you are actually totally divested. If that's your business model, I'm fine with it. I would just like to know if:
a) are you acting like the money in the bankroll was yours? Not 100%, but at least 50% - I make this differentiation because the "dilution" part is one of the things that is killing investors with losses.
if not:
b) what would you do if a big part of the casino's roll was yours?
No FUD intended, and no harsh feeling from me, but for me the fact you are 100% divested is very telling, and I'm very interested on your reasoned answers on the above.
Thank you for addressing our concerns, as always...
Quote
are you acting like the funds on the bankroll were 100% yours, or not?
I wonder that too. Normally casinos use their own money to fund their roll, and thus they protect it. In this case, your profit is in the commissions and you are actually totally divested. If that's your business model, I'm fine with it. I would just like to know if:
a) are you acting like the money in the bankroll was yours? Not 100%, but at least 50% - I make this differentiation because the "dilution" part is one of the things that is killing investors with losses.
if not:
b) what would you do if a big part of the casino's roll was yours?
No FUD intended, and no harsh feeling from me, but for me the fact you are 100% divested is very telling, and I'm very interested on your reasoned answers on the above.
Thank you for addressing our concerns, as always...
I missed that question in the chat so thanks for pointing it out.
If the funds on the bankroll were 100% my own, I would have shut the site down by now. I would have lost enough already. I wasn't expecting variance to be this much of a bitch at all. I was expecting ups and downs, but not like this.
For the first couple of months I felt like the bankroll was mine. I couldn't sleep with the worry that it would be lost. I have found that the only way I can relax is to stop worrying about the bankroll. It's not healthy for me to be constantly stressed about the ups and downs of the site's bankroll. I'm still happy to see it go up, and sad to see it go down, but I'm not as attached to it any more. I think it helped when I put the max profit down to 0.25% and got a massive "no, put it back, we want the variance" from the majority of investors. It made me realise that the investors know what they're doing, and that I don't have to baby them. I still sometimes feel like the best thing to do would be to shut the site down, but then I remember that the investors want the chance to recoup their losses.
Having said that, I was watching mechs almost lose everything just now, and hoping he wouldn't. It would have been great for the house if he had lost it all, but so sad for him too.
I hope that answers your question, and isn't too disappointing.
Thanks for this answer. It gave me some insight why someone like you (highly intelligent and rational) could make such an irrational decision. Try not to care about the ups and downs of the bankroll and if you can't help yourself from caring, don't watch. It's like managing a stock portfolio and selling a stock because it is down ....
Variance can get to the best of us
