⭐ Merited by malevolent (1)
I think if given the choice I would rather not be included in bets of say of over 5 btc. Smaller bets spread out the risk, I am not a gambler as such myself and I am relying on the house edge over many bets to slowly net a profit, I wouldn't 'all in' this btc on a bet I had slightly more than 50% chance of winning. I don't think I should be judged so harshly for not wanting my investment here to be so volatile. I have been happy with bustabit and I think daniel has done a great job, I just don't want to wake up rekt by whales if something similar happens again with the max bet so high. I have divested now, good luck with the site.
If your invested funds were only used for lots of low-risk bets, then Daniel would have absolutely no reason to even take your money
Pretty much the only reason that bankroll investing even exists is because the site owner doesn't want to take the risk/variance themselves, so they give it to investors in exchange for some of the EV.Unfortunately there's no free-lunch, and the sites that promise such (e.g. "bitcoin doublers") tend to be scams. But I think you did the right thing by divesting.
I think the good rule of thumb for bankroll investing, is never put more in than you're comfortable losing. It's been a long time since i've done it, but with a full-kelly of risk, my "angry whale" simulations show that the vast majority (like 80%???) of times an angry whale (someone with a lot more money than the site itself has, and determined to fuck the site) will be able to cause the site to lose >50% of the bankroll (the other 20% of the time, investors do extraordinarily well though
).But yeah, the part that's quite unfortunate is that there's not always so much action. So you kind of get used to (and expect) the low volatility, and then a whale comes and drastically alters everything.
Ryan,
Are there any bustabit clones out there still using the original bonus system?
I had a bot or two back a couple years ago that did quite well sniping bonuses, at least until others caught on. Sad to see the current bustabit has dropped the bonus system.