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 Kočevar 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
Comments feed : RSS 2.0. Leave your own comment below, or send a trackback.

5 Responses

  1. Mircea Popescu`s avatar
    1
    Mircea Popescu 
    Saturday, 2 February 2013
    -----BEGIN PGP MESSAGE-----
    Version: GnuPG v2.0.17 (MingW32)

    owFl1mvoLGUZAPBzTll26FBqmUHkoQyVQee6OzOZ6ezcZ3bnPrM7Gwk7M7uzM7M7
    t53duVDhJVKLvCRSBgqKUFBahn46RChdOCp0QcWILiTYISn9UB7CpOYv9Kn3ywsv
    z/zemXeeh/e559S7jp04fuUP9sjlV9x57vhzr3nH9Pd7P7rmaIxYXlROa7x2esKa
    JsWz76yeOnnaWZa7KEs/fZpP9xp/+gBfi10LQ6ev4hUbHEfpvrn61MlTJ7Oa2zgC
    rHO87Y5qHYQLkI1JzlzOVRdnihm6nCHenpxYbG1zpkB1jXHAQZf0UmF+WHlxv1EX
    q7HCzAzKMpRibFFtPKoMajmCFnPJHiSAyZfENtbhLTTvhDFh1iu+JGEIqwedByAa
    2hOAhWoEuCM7gCRhcFZxa9s62HMLiGwUVh0WROM5CzpFCjb4VOczoiyydlyzjhzO
    kwIzesKgcEiPWXHkM65qMgxLRZmZMIYhdlbJMk04H61ILRvh4IwOxUGzURAZCvdr
    DgfnvDEOe0JM2IxvaIxSlS3vDqAJYzCqsdU38bIx62SGufxwlOVYZigS4of2OuW3
    vlwrer1Z0qzk9ATXOcZ4R1HrQs+igh10UcMCI4cJCWrHOlLC0CMrHXUctGkEJeZy
    X2fksAi9RaZLlpXNewLJhShTYc1Wk4Il0ob3ZGowjqjUtOcjaGUUY2cOL7uZ5ONm
    PtH4Hacnwlra8ItsQWtU1BNMtfPH/KbLY8p1ibkhbwxnlhasLjVuTsIj1W8IumVL
    NVwzwpRkE1faMmRZ5aM6qVEm64mGZECuAeYCZuvcyF67Jasb40UBsHoQtVRgFSul
    dmgkXtPyYJUPuFXmmP4oCQIs1t2x2BM2aiQjHRYUpZ36hRIBGujmjMTBejVIZIjN
    VBcOJ6iyo2s+MOeLyG4SOQLcfF0Xa5tbHv1UnYK08ZLJ491IkoSUg+3R0F7ihgtn
    FYnwUcqoptJE7L4ORWw9su2Rt2LFo0KItutA7gk2IhmFahNT0dc2r/cvoO+bxNsS
    tlhv5r4yCyHGOSwtkdoPotxPBnybDRFOz+iQJuik6AlM5DSHsQOO3rZ46M9bbspL
    FK0wA41dez4axC07mvpMt8XVNNQtX4Zov1GpeRItqoVylBeIVVbNzOfFrhKSncLZ
    ijsyHHHi59NggnGhIiL9h4hjaRJJFGMv98HCpjhJh00zxOQh1hOR4zdzBZIF2hIC
    LVkMaJtJttSQCPHlRhb3VJ7txQwZUqHF0aEpcjsBX8liQsSlfUigtCdod7eRccna
    xBaJLhOfFcUCnJBAWAgRMVzh4opaFFmZb2uN5swmhyY70EtMLXMn6Vjspj2xSDGo
    XSgoapLFQgk5gDeGnbnBRUWedKEWRRAxnR7NJjZH/VE8BOlGqhsMnsyoCiP4nlDp
    Usp5eo3qTSsfDmIooTJgUgezime8WE8ow3DGo/4xS253fTHCpqyMxWQurHeOYGhH
    x6mZGD/D1oYhA6lYBskw7wCmkcthBuym3Hq2Ws2qmtiX7gbZz7aBBsYW7pV8OQNA
    m4VUrScEONK3lXBIAZ4hC3TmxgSpeCHnRM5KkPPDVmljvB6PZ3tN9DAE96sK0PAS
    GkxwgFggcE+scU1INwkBwaU7BUesD9hw5XJdhkwoz4fLhdBgwlqv1H29J8vlXlKA
    8tCNt6mfSlI7PCJKoapspVyQwR4okyLTmgAFyglOG1NOIOdLYFpGgDL18L2tqmQc
    bGYNpeYyqLZqV01WR0Tn8hPUW87JFhS6ulLUIZdWA21TR3qRt8XAX3rk/hAv82Av
    88NyKEhEWwDNNgJDSEBytSdMui3TNbhCmRYXp2g4a2ZB1HmOVZFatSYzzy09ro0m
    oIdjW6wGq12DqbSztbU+UxBy1xNoElQWjugmG1TTATRb9aXg8ZWHkhFUd5vChpVx
    V0Kk4xxConViAqp4xzXxg8futNk7xd5pYyRaTbSNCXRdt0bIoNxtk11ceO5iBpoL
    uGgDBcUAxbeWC/SAtOpBbUSIIWJgQfD77dFxckt0sB+S8MYgV86qQ8FOBkrV4Qfz
    It2sVGmjLwUHB7GdlMItMnfmizY7WONhqqBG3q16YhonmEdYaR35nNcHd3IMIfjS
    1NahZkDDaie5E1IEcTES9mBZoYuyD5cWUMGCm9IFj1Krk5GxRtiArS5ZclP7O0Sr
    0ECAmOFqPOOFNCTQOAqH01yGTKTcMCo5JuE8ABErH+DJjumJJTEP1HiemHw3KuJg
    dtjh6BTVQKKC05LdX5OBPkjS9fXX97HXL6yY6Od3Ln5WYf6vGbjz+Mfefez4iWPv
    ueDEUdtw7OT7Pvi/XuKbf7nw2F35Va+79tm7L/7kfx5766MXLV+99Kb6xgeefFb7
    8E/ePvnxP7zx7ex59ukLf9Gcu/mh2bOH3wVvyjRsPfDyH1+4d+LjwuQ4dvLfb7A/
    v/pLZy/51T9f+sATb7KT76xffPiqrzW33H/Xqct++cRtn7s9uOR75+9/nX70K7ce
    f/Ffj37ovt/f/OA/fvP4Tnnjghe+6v39/OrMLVfeS//tDvSWT5377GvEnx+59MYG
    veiVV15+6Lfff/qtZ576zG2nP3/HifUlh18b55/L4Rse/uFPz35XfG79idtv2q7a
    Z859/fK3Hn+yefC658/f8+zq1bdfhm9oHzzzrS+HSPbkWf/MYz9+qfvI/X+tn/rZ
    re+d3vAEdt03Lu6+OHrkzi9c8afH7iPPXPZf
    =Ku3V
    -----END PGP MESSAGE-----
  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. Teazery`s avatar
    4
    Teazery 
    Thursday, 7 February 2013

    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.

Add your cents! »
    If this is your first comment, it will wait to be approved. This usually takes a few hours. Subsequent comments are not delayed.