Post
Topic
Board Service Announcements (Altcoins)
Re: Just-Dice.com : Invest in 1% House Edge Dice Game
by
nimda
on 14/01/2014, 03:21:54 UTC
I don't really see the benefit in creating an investor risk adjustment option. The site already has a fairly large bankroll, do we really need to accommodate larger bets? Why create a confusing and hard to implement (from my understanding) system that isn't really needed?

I just gave three scenarios in which it might be useful.

[...] there are a couple scenarios in which a higher "leverage" on Just-Dice is advantageous over a higher investment amount. There are more, but three spring to mind:

  • A lack of perfect trust in dooglus, dooglus' computer skills, etc
  • A lack of bitcoins
  • Having taken out a loan to invest in Just-Dice (not that I condone this one)

Upon rereading I think maybe what you are suggesting by "leverage" would be raising your individual kelly percent above 1%. In other words, saying you're willing to bet bigger than the optimal amount  (because you like to gamble with a positive edge). I can sorta see some validity to that.

That is correct and the reason for the scare quotes.