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Showing 8 of 8 results by throwaway42492
Already looking forward to game 2, I like the over here, let's gooo
https://www.talkimg.com/images/2023/06/02/wRmjm.jpeg
https://www.talkimg.com/images/2023/06/02/wRmjm.jpeg
thanks, for the clarification, I'm aware that devans/Daniel is the owner. I have a decent % of my networth on his website, obviously I trust him.
I honestly don't expect to get real btc delution fee credit, I still think it is a bad idea to trying to reduce the bustabit bankroll.
There are so many clones out there that have better graphics, boni, more coins, VIP systems, affiliate commission etc. Still people play on bustabit and I think that is due to those two reasons.
A) Trust
B) Gigantic betting limits for whales
Reducing the bankroll will make the whales unhappy and we just had a whale who went for max win possible per hand. Obviously there are also lots of customers who enjoy watching the whale action.
I have a feeling this change will reduce the bankroll, but also the overall betting volume and overall profit for devans and investors.
I honestly don't expect to get real btc delution fee credit, I still think it is a bad idea to trying to reduce the bustabit bankroll.
There are so many clones out there that have better graphics, boni, more coins, VIP systems, affiliate commission etc. Still people play on bustabit and I think that is due to those two reasons.
A) Trust
B) Gigantic betting limits for whales
Reducing the bankroll will make the whales unhappy and we just had a whale who went for max win possible per hand. Obviously there are also lots of customers who enjoy watching the whale action.
I have a feeling this change will reduce the bankroll, but also the overall betting volume and overall profit for devans and investors.
I don't see any reason why the bankroll would become smaller than 5,000 BTC. At that size the commission rate is the same as it is now and investors are currently happy to be invested. A max profit of 50 BTC is still significantly higher than that of any other Bitcoin casino I'm aware of. Even WangTang_V2, the largest high roller in bustabit's recent history, only placed four bets that wouldn't have been supported by that bankroll.
In my experience high rollers are more concerned with the wager limit–which would technically still be 5,000 BTC in the scenario above–than the max profit. Of course I might be wrong and bustabit might lose out on a high roller that wanted to win 70 BTC per bet instead of 50 BTC, but that's a possibility I'm willing to accept.
I strongly consider removing (parts of) my investment simply because my EV is going to be much lower without the offsite investment. I know some other bankroll investors who feel the same way.
Yes, I know that I can just deposit the offsite investment and put it in the bankroll. Third party risk is already high enough, I still wanna sleep at night.
it's a business decision, and considering how much casinos spend on affiliates, SEO, and player retention I think it is a legitimate strategy. It saves a lot of money that you can spend on other things, for example working on a great product.
I don't understand the "no one advertises for free for us" part though.
I don't understand the "no one advertises for free for us" part though.
I don't know what there is to discuss really. If you spent money on advertisement you get more advertisement than someone who doesn't spend money on it.
That's just how it is, no reason to complain about it. At least you extra money in your pocket that you can spend on other things
That's just how it is, no reason to complain about it. At least you extra money in your pocket that you can spend on other things
thanks, for the clarification, I'm aware that devans/Daniel is the owner. I have a decent % of my networth on his website, obviously I trust him.
I honestly don't expect to get real btc delution fee credit, I still think it is a bad idea to trying to reduce the bustabit bankroll.
There are so many clones out there that have better graphics, boni, more coins, VIP systems, affiliate commission etc. Still people play on bustabit and I think that is due to those two reasons.
A) Trust
B) Gigantic betting limits for whales
Reducing the bankroll will make the whales unhappy and we just had a whale who went for max win possible per hand. Obviously there are also lots of customers who enjoy watching the whale action.
I have a feeling this change will reduce the bankroll, but also the overall betting volume and overall profit for devans and investors.
I honestly don't expect to get real btc delution fee credit, I still think it is a bad idea to trying to reduce the bustabit bankroll.
There are so many clones out there that have better graphics, boni, more coins, VIP systems, affiliate commission etc. Still people play on bustabit and I think that is due to those two reasons.
A) Trust
B) Gigantic betting limits for whales
Reducing the bankroll will make the whales unhappy and we just had a whale who went for max win possible per hand. Obviously there are also lots of customers who enjoy watching the whale action.
I have a feeling this change will reduce the bankroll, but also the overall betting volume and overall profit for devans and investors.
so I have a > 1% share of the bankroll and have been invested in the bustabit bankroll for ages, here are my 2 cents:
I didn't care last year when the fee model was changed from 25% of the EV to 50% of the actual profits, EV wise for the investors that was close to the same anyway.
I don't care that the fee model is being changed again, and yes it is getting more and more complicated, but that's fine for me. It is some sort of reversed auction now, investors have to decide if they are willing to invest for X% of the profit. If the answer is yes, you have to decide if it stays the same for X-1, X-2 and so on. Not sure where my cutoff is exactly.
What I don't like is that the offsite investment is being discontinued and that is because I have a large offsite investment, and yes I "exploited" the system by maximizing my offsite investment back in the day. Not sure if exploiting is the correct word, I paid dilution fee for it after all. I understand that RHavar wants to minimize the amount of funds he is responsible for, personally I was never worried about the game being rigged or whales winning long-term, but third party risk. Obviously I trust RHavar, but there is always a non-zero risk, as we recently saw with the ethercrash "hack" aka exitscam.
Anyways, I'm grateful for the opportunity bustabit gave me to make a shitton of money, it is truly life-chaning, I don't like the recent changes at all, but I understand where RHavar is coming from. I have another 4 weeks to decide what I wanna do with my investment and if I'm willing to give up a lot of EV.
I didn't care last year when the fee model was changed from 25% of the EV to 50% of the actual profits, EV wise for the investors that was close to the same anyway.
I don't care that the fee model is being changed again, and yes it is getting more and more complicated, but that's fine for me. It is some sort of reversed auction now, investors have to decide if they are willing to invest for X% of the profit. If the answer is yes, you have to decide if it stays the same for X-1, X-2 and so on. Not sure where my cutoff is exactly.
What I don't like is that the offsite investment is being discontinued and that is because I have a large offsite investment, and yes I "exploited" the system by maximizing my offsite investment back in the day. Not sure if exploiting is the correct word, I paid dilution fee for it after all. I understand that RHavar wants to minimize the amount of funds he is responsible for, personally I was never worried about the game being rigged or whales winning long-term, but third party risk. Obviously I trust RHavar, but there is always a non-zero risk, as we recently saw with the ethercrash "hack" aka exitscam.
Anyways, I'm grateful for the opportunity bustabit gave me to make a shitton of money, it is truly life-chaning, I don't like the recent changes at all, but I understand where RHavar is coming from. I have another 4 weeks to decide what I wanna do with my investment and if I'm willing to give up a lot of EV.