Post
Topic
Board Service Announcements (Altcoins)
Re: Just-Dice.com : Invest in 1% House Edge Dice Game
by
itod
on 12/01/2014, 21:19:49 UTC
^This! Custom investor risk adjustment please Smiley

I second this.  Please allow investor with higher risk appetite to increase our risk and possible return.

-J

I would donate for that possibility if dooglus would be willing to implement it. Perfectly would be a kelly percent you can chose freely, not even fixed values to chose from. For gamblers it wouldnt change anything than most probably the max profit. For investors wouldnt change anything either except they want to. And the calculation behind would be done automatically by the site.
To be on the sure side there should be a warning so that noobs dont complain later when the risk didnt work out.
At the end i believe anyone can only win with it. Gambler can play higher, investors can play riskier or play safe and the attracted gamblers would lead to dooglus getting more profit. Win-Win-Win.

I don't quite get what do you guys mean by "Custom investor risk adjustment" in practice. Do you mean some investors can arbitrarily raise max profit? How can this be calculated? Please give us one example of the parameters you propose to be investor-adjustable and how this should be calculated on average bet and high-volume bets.

To be honest this looks to me of much less importance to majority of investors than, for instance, API. Good API can lead to high-quality bots, which means higher betting volume - higher profit. All current bots are just quick hacks packed in the browser plugins. API and quality bots could also probably significantly reduce the load on the site, again leading to more satisfied users, higher volume, etc. I don't see why dooglus should devote his development resources to some esoteric ideas which are not described and documented well, when he can make something that we could be positive would make more profit for the investors.