Thanks for explaining maqifrnswa!
You haven't answered my question, you keep explaining that 1% Kelly is better than 0.5% Kelly. Let me rephrase it: Suppose my investment setting is 0.5% Kelly, and yours is 1% Kelly, and we have invested the equal amount of BTC. The bettor bets 1BTC and looses. Does that mean that you get 2X the profit from that bet than I get? Or are you proposing something much more complicated? Once again - please give us one good example, it's far from obvious what exactly is your idea.
For a house advantage of 1% it would mean that 0.5% of your complete investment is taken and 1% of my full investment is taken and added to the max profit value. Thats the maximum a gambler can play for then. In case he plays for full profit as target and he wins i lose 1% of my investment and you 0.5%. If he loses we win proportionally to the risk played. It all boils down to the amount of bitcoins put into the jar that contains the winable amount of bitcoins.
1a doesn't seem fair because it looks like some investors would artificially increase their bankroll percentage without actually taking any more risk, because we all cover those smaller bets with ease.
1b looks OK. If someone wants to go into higher risk bin and take on themselves percentage of all bets above current Max Profit it's fine with me.
I think 1a and 1b are practically the same. I believe you misread UserBankroll as Bankroll. I would be fine with 1b if its the better solution. Too much finetuning isnt needed anyway i think.
In my estimation Doog is going to make 25 - 40 BTC this week on commission here in a few hours.
So why would he change anything, it ain't broke, its not losing market share to others, in fact the amount of USD being wagered there appears to be increasing.
Doog just needs to keep doing what he is doing, keeping his coins uninvested as he does not like the varience, and live off the future commission until he gets bored with it, then when he does send all the BTC back to the investors and sell the site and script for $1 Million USD in BTC, and call it a LIFE.
Why so conservative? If things run why change? What about making things better?
Might be that doog is set and dont need to change the website but still we can ask if he would do it. I await he would develop and test things on a clone website so there is no downside i see.