BitBet, January 2013 Statement
Saturday, 02 February, Year 5 d.Tr. | Author: Mircea Popescu
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
Total shares : 10`000`000, of which :
- Mircea Popescu 4`255`000 shares,
- Matic Kočevar 4`100`711 shares.
- Third parties 1`644`289 shares.iv
Total dividend : 6.79947204 BTC.
Site only operational since January 5th. Overall pretty good for a first month I would say.
———- 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. [↩]
- Of which 5.01000000 BTC were resolved during the current month. [↩]
- Because bets made but not yet resolved are not counted this figure could be said to understate actual profit by as much as 80%. [↩]
- 1`210`500 shares still available as per original IPO terms. [↩]
Category: S.BBET
Saturday, 2 February 2013
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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%
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.
Thursday, 7 February 2013
Why does house make bets? Who's making decisions? What's an algorithm?
Thursday, 7 February 2013
Algorithm.