BitBet, March 2014 Statement

Tuesday, 01 April, Year 6 d.Tr. | Author: Mircea Popescu
Operational results

Received 130 new propositions, of which accepted 31, rejected 119.

Total bets in worth 1`659.80496480 BTC.i

Revenue : 4.31105524 BTC, of which :

  • bets resolved : 1.15441662ii
  • fees from refunds : 0.01916049 BTC
  • advertising : 0.3 BTC
  • house bets won : 2.82737715 iii
  • gracious donations to shareholders : 0.01010098 BTC

Expenditure : 3.11710000 BTC, of which :

  • referrals paid : 0.01710000 BTC
  • house bets made : 3.10000000 BTC

Profit : 1.19395524 BTC.

Because last month the MPEx shareholders were paid 3.68215306 BTC instead of the 1.10464591 BTC they were actually due, 30% of profits going forward will be allocated to covering that credit, in lieu of MPEx dividends. This sum comes to 0.35818657 BTC this current period, leaving the credit to be covered in following months at 2.21932058 BTC.

Miscellaneous

Well at least we're doing better than either NeoBee or Coinbase...

———
  1. Last month this was ~20x less. Kinda volatile this thing.

    bitbet-intake-mar-2014

    Also, to clarify, BitBet is not giving anyone the finger. It's just fingershaped happenstance. [↩]

  2. 115.44166213 BTC total pool resolved this month. [↩]
  3. 3.00000000 BTC worth of house bets were resolved in the current month. [↩]
Category: S.BBET
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7 Responses

  1. Mircea Popescu`s avatar
    1
    Mircea Popescu 
    Tuesday, 1 April 2014

    Re-rectified as per http://btcbase.org/log/?stopitkako&date=01-04-2014#597321

  2. jurov`s avatar
    2
    jurov 
    Tuesday, 1 April 2014

    Not at PC right now but I'm certain I got at least 0.02 BTC referrals to 1Eteo in March.

  3. Mircea Popescu`s avatar
    3
    Mircea Popescu 
    Tuesday, 1 April 2014

    Looking on blockchain there seems to be exactly one, for 0.01. Check ?

  4. jurov`s avatar
    4
    jurov 
    Tuesday, 1 April 2014

    Oh the other was back in January. Boggles my mind nobody else uses such easy method to get 1% back.

  5. Mircea Popescu`s avatar
    5
    Mircea Popescu 
    Tuesday, 1 April 2014

    Too busy investing, ain't nobody got time fo' that.

  6. kakobrekla`s avatar
    6
    kakobrekla 
    Tuesday, 1 April 2014
    -----BEGIN PGP SIGNED MESSAGE-----
    Hash: SHA1

    BitBet, March 2014 Statement
    Operational results
    Received 130 new propositions, of which accepted 31, rejected 119.
    Total bets in worth 1`659.80496480 BTC.i

    Revenue : 4.31105524 BTC, of which :

    bets resolved : 1.15441662ii
    fees from refunds : 0.01916049 BTC
    advertising : 0.3 BTC
    house bets won : 2.82737715 iii
    gracious donations to shareholders : 0.01010098 BTC
    Expenditure : 3.11710000 BTC, of which :

    referrals paid : 0.01710000 BTC
    house bets made : 3.10000000 BTC
    Profit : 1.19395524 BTC, to be applied towards 2.577507142 BTC chargeiv.
    1.383551902 BTC remaining to be charged against subsequent dividends.
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  7. Mircea Popescu`s avatar
    7
    Mircea Popescu 
    Wednesday, 2 April 2014

    Maybe third's a charm ?

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