Post
Topic
Board Gambling
Re: bustadice – Next Generation Dice
by
devans
on 01/10/2019, 15:27:32 UTC
Imo this is theft from the investors.
We paid 2% of our investment amount to get in and get on average .75% of each bet and suddenly this gets lowered to 0.5%.
a commission lowered does not mean your money is stolen. in a few months, you will definitely get a profit and the 2% commission we paid at the beginning is definitely back. I believe the reduction in commission is only to balance company funds.

stealing is if your money is really gone. I was on the neutral side, and only helped to set the record straight.
Were there terms in the FAQ that said the Bustabit bankroll investing structure would/could be changed at a moment's notice?

You're right that it isn't stealing, but it's also not what investors agreed to when they joined.
The terms of service state that they can be revised at any time. In addition there is precedent for changing the terms in the past (e.g. lowering and increasing the dilution fee, lowering permitted leverage).

That being said, if anybody recently invested and would not have done so had they known about the change in commission structure I would be happy to reimburse them for the net dilution fee they paid.