Apparently PRC made a change in the commission system and claims to have emailed the investors last week. Do you not think Dean a post on this would be wise here?

Changes to investment model
On 29 Sep 2014 12am BST, Pocket Rockets Casino will be changing the user investment model.

The existing model charges 10% commission on all investment profits weekly or at time of divest.

The new model will charge 0 commission to investors and instead will take 0.1% from the wagered amount on all bets.

This means if a player bets 1 Bitcoin and loses, 0.001 Bitcoin will go to Pocket Rockets Casino and the remaining 0.999 will be split among the investors based on their share of the total house bankroll.

If a player were to bet 1 Bitcoin and win on a 2x payout bet then 1.001 Bitcoin will be taken from the total house bankroll. 1 Bitcoin will be awarded to the player and 0.001 will go to Pocket Rockets Casino.

Note that in the long run, this is the same amount that Pocket Rockets Casino would make from taking 10% on commission under the existing model.

For example with the house edge being 1% and 100 Bitcoin wagered, the expected profit to investors is 1 Bitcoin. 10% commission on this would be 0.1 Bitcion.

Under the new model Pocket Rockets Casino would take 0.1% of the total wagered, 0.1% of 100 Bitcoin wagered = 0.1 Bitcoin. So PRC makes the exact same.

So why change?

Although in the long run the profit PRC makes is the same whichever model is used, under the existing model there can be weeks where there is zero commission made due to the swings in profit due to variance.

This has limited the growth of PRC in that no real marketing strategy can be planned to attract new players due to not knowing if there will be any profit week to week.

Under the new system PRC will be able to plan better and allocate funds for:

Marketing
Promotions
Support
Server costs and other expenses
Software development
All of these things will help grow Pocket Rockets Casino and offer far greater potential returns for current and future investors due to being able to improve the product and bring in far more players.

This entry was posted in Uncategorized on September 25, 2014.