BitBet (S.BBET) July 2014 Statement

Friday, 01 August, Year 6 d.Tr. | Author: Mircea Popescu
Operational results

Received 101i new propositions, of which accepted 30, rejected 68.

Total bets in worth 543.45861129 BTCii in 664 bets.iii

Revenue : 8.94025363 BTC, of which :

  • bets resolved : 5.00661653iv
  • fees from refunds : 0.07788520 BTC
  • advertising : 0.7 BTC
  • house bets won : 3.15568610v
  • gracious donations to shareholders : 0.00006580 BTC

Expenditure : 3.915537708 BTC, of which :

  • referrals paid : 0.24680606vi BTC
  • house bets made : 3.60000000 BTC
  • interest : 0.068731648 BTCvii

Profit : 5.024715922 BTC.

This positive month fills in a significant portion of the hole BitBet had been in recently. The current situation is, 1.222794578 BTC short over all accounts (down from 6.2475105 BTC previous exercise), and a further 1.22827111 BTC on MPEx shareholders only. This will result in lower interest payments next month and hopefully with a strong exercise the return to dividend payment.

Miscellaneous

We are considering significant changes to the advertising model on BitBet which would allow easier management and hopefully increased revenue.

———
  1. Back to secular volume. [↩]
  2. Double last month [↩]
  3. bitbet-intake-jul-2014 [↩]
  4. 500.66143973 BTC total pool resolved this month, a 500% increase over last month. Paid out to 430 winners, slightly more than last month. As in the case of the total bets in, the average bet resolved jumped significantly this month. [↩]
  5. 5.61000000 BTC worth of house bets were resolved in the current month. [↩]
  6. Last month this jumped significantly. This month it slightly increased on that significantly improved base, which is encouraging. [↩]
  7. 0.9193908% on 7.47578161 BTC liquidity loan by F.MPIF, as detailed previous report. [↩]
Category: S.BBET
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3 Responses

  1. kakobrekla`s avatar
    1
    kakobrekla 
    Saturday, 2 August 2014
    -----BEGIN PGP SIGNED MESSAGE-----
    Hash: SHA1

    Operational results July 2014
    Received 101i new propositions, of which accepted 30, rejected 68.
    Total bets in worth 543.45861129 BTCii in 664 bets.iii

    Revenue : 8.94025363 BTC, of which :

    bets resolved : 5.00661653iv
    fees from refunds : 0.07788520 BTC
    advertising : 0.7 BTC
    house bets won : 3.15568610v
    gracious donations to shareholders : 0.00006580 BTC
    Expenditure : 3.915537708 BTC, of which :

    referrals paid : 0.24680606vi BTC
    house bets made : 3.60000000 BTC
    interest : 0.068731648 BTCvii
    Profit : 5.024715922 BTC.
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  2. jurov`s avatar
    2
    jurovinsigna de tehnolog 
    Tuesday, 12 August 2014

    >> interest : 0.068731648

    We need fractional satoshi nao?

  3. Mircea Popescu`s avatar
    3
    Mircea Popescu 
    Tuesday, 12 August 2014

    Just truncate past the 8th digit I say.

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