BitBet, January 2013 Statement

Saturday, 02 February, Year 5 d.Tr. | Author: Mircea Popescu

Operational results


Received 268 new propositions, of which accepted 206, rejected 62.

Revenue : 2`528.7212092 BTC, of which :

  • bets made : 2`504.32293854 BTC
  • advertising : 22.00021882 BTC
  • house bets won : 2.39805184 BTC

Expenditure : 2`521.92173716 BTC, of which :

  • propositions refunded : 65.27801000 BTC
  • bets refunded : 51.74250000 BTC
  • winners paid : 475.49327425 BTC
  • referrals paid : 1.95967070 BTCi
  • not yet resolved : 1`907.22828221 BTC
  • house bets made : 20.22000000 BTCii

Profit : 6.79947204 BTCiii


Shareholders table


Total shares : 10`000`000, of which :

  1. Mircea Popescu 4`255`000 shares,
  2. Matic Końćevar 4`100`711 shares.
  3. Third parties 1`644`289 shares.iv

Total dividend : 6.79947204 BTC.


Miscellaneous


Site only operational since January 5th. Overall pretty good for a first month I would say.

———
  1. Over 86 bets. Average bet 12.15690746 BTC, average referral payment 0.02278686 BTC (18.7%). Referral saturation 32.1% over bet count, 7.82% over bet value. Lot of work still to do, dear affiliates. []
  2. Of which 5.01000000 BTC were resolved during the current month. []
  3. Because bets made but not yet resolved are not counted this figure could be said to understate actual profit by as much as 80%. []
  4. 1`210`500 shares still available as per original IPO terms. []
Category: S.BBET
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5 Responses

  1. Mircea Popescu`s avatar
    1
    Mircea Popescu 
    Saturday, 2 February 2013
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  2. kakobrekla`s avatar
    2
    kakobrekla 
    Saturday, 2 February 2013

    >Over 86 bets. Average bet 12.15690746 BTC, average referral payment 0.02278686 BTC (18.7%). Referral saturation 32.1% over bet count, 7.82% over bet value. Lot of work still to do, dear affiliates.

    Fixes:
    Average bet across site: 2.59 BTC
    Average referred bet: 2.27 BTC (87.6%)
    Average referral payment: 0.02278686 BTC
    86 out of 966 bets referred: 8.9%

  3. Mircea Popescu`s avatar
    3
    Mircea Popescu 
    Saturday, 2 February 2013

    Right you are. For some reason I was dividing by the number of propositions (ie bets) not by the actual number of bets.

  4. Why does house make bets? Who's making decisions? What's an algorithm?

  5. Mircea Popescu`s avatar
    5
    Mircea Popescu 
    Thursday, 7 February 2013

    Algorithm.

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