No investor would ever prefer this formula. This is essentially dropping our expected returns by 1/3.
That is the part that confuses me, in essence if investor profits drop by an estimated 33% then it should have investors concerned but devans thinks he has the correct formula to take Bustabit/Bustadice further and to be honest it is hard to argue with him because of his excellent track record. How do investors reconcile perfectly held belief and trust in devans along with a drop in profits by 33% - that is something difficult to accept.
Although I'm sure at least a few of them appreciate the reduced variance, there's no doubt that most investors prefer the old commission structure. I anticipate that some investors will choose to divest because of this. As long as the bankroll remains large enough to support the wagers players want to place that's okay.
At 5,000+ BTC and 6,500+ respectively the bankrolls of both bustadice and bustabit are significantly larger than they need to be, which indicates that a higher commission is appropriate. As the bankroll shrinkshopefully to a more sane sizeinvesting becomes more attractive until eventually an equilibrium is reached again.
I think keeping the equilibrium aside several investors are a little upset they were not advised beforehand or maybe even consulted before the changes were made. I know you made a post explaining your reasons so I hope they would be satisfied with the explanation.
Is it really necessary to say that 5000+ BTC and 6500 BTC are significantly larger bankrolls than they need to be? Another way of looking at it is the size of bankrolls are advantages and are attractive to investors in that others would want to invest as it shows the website and its owner are genuine/trustworthy etc. Maybe a change in format should have been implemented after consulting investors so that would have eased the transition better.