Post
Topic
Board Service Announcements (Altcoins)
Re: Just-Dice.com : Invest in 1% House Edge Dice Game
by
PacoMartin
on 18/06/2014, 16:35:34 UTC
There was a pretty lengthy debate a after max winning was reduced to 0.25% of bankroll (i.e. quarter Kelly) and they increased up to 0.5% (half Kelly).

I assume that no one filtered the bets to look for trials where the profit was higher than 0.5% Bank and also where the payout was 1:X where X=1 or  less.

It sounds as if Nakowa was upset about the 0.25% restriction, that he actually almost never went much above 0.5%.

If the data does nothing else it may show another whale that the win was done by only breaking .5% a relatively small number of times. It could encourage another whale to begin playing under the current rules.

It seems like one whale encourages another one. The story was 'mechs/fuckit', one of the largest just-dice investors lost about 500BTC of his 2,200BTC to Nakowa. As a result it encouraged him to try a risky strategy. He tried to turn the 1700 into 7000 and lost it all. He won back the lost investment in 5 plays, but he lost on his 27th play.