Tuesday, 24 September 2013

Comments Welcome!

I have not posted in ages, and for that I must apologize. I have been going through a difficult time with a close family member's illness and death. This has been both distracting and time consuming, but soon I will be able to focus on healing and happiness. Thanks to all on the site who were aware of my challenges, and who offered comfort and support. There are some truly wonderful people at Just-Dice.

I have decided that for this post I am going to step away from the format I normally use and just talk a bit about all things dice. 

As most of you are aware, the site has been experiencing huge variance with our favourite whale 'Nakowa' visiting us most days, playing on a variety of accounts.

Here are some numbers from wagered

2013-09-19 23867.62734429
2013-09-20 32099.11803927
2013-09-21 140897.33210454
2013-09-22 41941.00744216
2013-09-23 384965.66095365
2013-09-24 150827.48156427 

As you can see, the typical 4-5k btc wagered per day seems to be a thing of the past, at least for now.

This resulted in some good publicity for the site as seen here: Whale at Just-Dice 

The site is experiencing monumental ups and downs, with Nakowa always leaving our profits lower than when he began. This is mathematically possible as he has such a high bankroll, the site has a low house edge, and the max profit per bet is large. (Max profit is either too high, too low, or just right, depending on which forum post you are looking at.)

There are many things about this level of variance that make it difficult for dooglus and I, when the site loses. Of course if the site wins there is a completely different picture painted.

If I am being completely honest, the biggest challenge I face is that of doog being accused of scamming, cheating, conning, lying, and abusing the trust of the investors.

My relationship with doog is no secret. Most of you know that I am his partner, in life as well as on the site. I care for him far more than I do Just-Dice, and he is my priority. I will continue to encourage him to hang in there with the site, just as long as I feel that it is not damaging him in any lasting way.

If people have concerns regarding the fairness of the site, then I encourage them to ask questions. Doog is always happy to answer intelligently phrased questions on chat, via email, or on the forums. (He will often even answer questions that are less than intelligent)

I don't expect to be able to convince people that doog is honest, trustworthy, and brilliant. I will not try. What I will say, is that if I feel that there is too much FUD or even just too much negativity and doog stops enjoying what he does here, that I will strongly encourage him to move on to something different.

So, where do we go from here? At this time, doog is looking at ways to try to mitigate the losses to investors, while still enabling the whales to play big and lose big. This is challenging, and many people have many different ideas of how best this should be done. He is also looking closely at Nakowa's wins and making every effort to ensure fairness.

I encourage you to comment on this post. Thoughts about improving the site, words of encouragement, or doubts you are having are all welcome. Please don't use this as a forum to bash doog, as that will be most unwelcome!

On a lighter note, drfred from J-D has kindly offered to help me out with the blog. Look forward to some new and innovative material as drfred becomes more involved. 

Take care and see you next week.