BitBet, December 2013 Statement

Friday, 03 January, Year 6 d.Tr. | Author: Mircea Popescu
Operational results

Received 235 new propositions, of which accepted 69, rejected 166.i
Total bets in worth 840.19515077 BTC.ii

Revenue : 13.52671009 BTC, of which :

  • bets resolved : 9.45615473 BTCiii
  • fees from refunds : 0.00071109 BTC
  • advertising : 0 BTCiv
  • house bets won : 1.81924644v
  • gracious donations to shareholders : 2.25130892 BTC

Expenditure : 6.80113593 BTC, of which :

  • referrals paid : 0.00113593 BTC
  • house bets made : 6.80000000 BTC

Profit : 6.72557416 BTC, to be distributed as dividends.

Miscellaneous

This is BitBet's 12th monthly report, and with this BitBet is one year old. A performance few public BTC companies have managed to date, and indeed a notable accolade under the name of all those involved.

Mazel tov.

———
  1. An overal slight increase of the quality of proposition on the background of a more significant increase in their volume. This can't be bad. [↩]
  2. Slightly under last month, but then again that was a massive record. Graphs :

    bitbet-intake-dec-2013 [↩]

  3. 945.61534896 BTC total pool resolved this month. [↩]
  4. Some nibbles, nothing serious, in spite of just how easy and cheap it is to try it out. I suspect nobody in Bitcoin that wants any exposure has any coin, and nobody that has any coin wants any exposure. O, the social shyness of the gold standard, recall ? [↩]
  5. 3.51000000 BTC worth of house bets were resolved in the current month. [↩]
Category: S.BBET
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4 Responses

  1. kakobrekla`s avatar
    1
    kakobrekla 
    Friday, 3 January 2014
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    Hash: SHA1

    BitBet, December 2013 Statement

    Operational results

    Received 235 new propositions, of which accepted 69, rejected 166.i
    Total bets in worth 840.19515077 BTC.ii
    Revenue : 13.52671009 BTC, of which :

    bets resolved : 9.45615473 BTCiii
    fees from refunds : 0.00071109 BTC
    advertising : 0 BTCiv
    house bets won : 1.81924644v
    gracious donations to shareholders : 2.25130892 BTC
    Expenditure : 6.80113593 BTC, of which :

    referrals paid : 0.00113593 BTC
    house bets made : 6.80000000 BTC
    Profit : 6.72557416 BTC, to be distributed as dividends.
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  2. mike_c`s avatar
    2
    mike_c 
    Sunday, 5 January 2014

    "fees from refunds" isn't included in the revenue (it is neither added nor subtracted). Seems odd to have a line item that is just ignored in the sums.

  3. Mircea Popescu`s avatar
    3
    Mircea Popescu 
    Tuesday, 7 January 2014

    Aha, thanks for catching this oversight. It's getting rolled into next month's revenue.

  1. 4
    I'll tell you what impressed me today. on Trilema - A blog by Mircea Popescu. (via Pingback)
    Tuesday, 7 January 2020

    [...] BitBet and the market moves to give me arguably correct odds. It won't be the last time. But for a year-old business to be this god damned fucking powerful... well what can I say ? Son, I am [...]

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