I've recently decided to start another asset called EDGE which is a fund that bankrolls skill-based gambling ventures. As the name implies, the money is used for games that allow players to beat other players enough to overcome a house edge. Currently, there is only one project I have in mind, but I thought I'd offer a larger goal in case other things come along.
The current project is a game that's been near and dear to my heart for almost 2 years now. I initially forayed into it when @twinwinnerd created ToTheMoon, many moons ago :-) Unfortunately, Twin got hacked and the project went under. However, the initial idea twin had was based off a very successful website called Busta Bit.
Located at bustabit.com, bustabit allows players to either compete against the house and/or other players by winning bonuses. As the website states, "Provably fair Razor thin house edge (between 0 and 1%)" and "99% luck, 1% skill". Run by @Ryan using a Costa Rican gaming company license, this website has been running for almost 3 years now and is a really cool, fun and provably fair game that offers potential long term profit to a skillful player or in my case a skillful program.
Now, I've played this game off and on for quite some time mostly for fun and to blow off steam. However, over the last couple of months, I've really honed in on it and attempted to see if it could be beat long term. So, as you can imagine, I'm here offering this asset now, because I think it can. I've run a positive EV bot on average in the range of .1% - .2% for more than a month and I think based on the number of gamblers at the site that are in fact not playing skillfully, this can be achieved at least in the foreseeable future.
My goal is to raise about 10BTC through the NXT AE, by selling EDGE shares at 100NXT each and use that money to bankroll my bustabit bot. EDGE is asset #10713749908351947210 and you can buy as little or as many shares as you'd like. As NXT accumulates, I will convert it to BTC and increase the bots bankroll.
Now, as is my standard flavor, you will also receive as much transparency as I can give you. The bot name is EDGE_NXTAE and is running right now (just started this new account about an hour ago) on bustabit.com bankrolled by .88BTC which at current conversion gave me 1,015 shares which I transferred to another of my own NXT accounts. You can see it on the blockchain, TXID #: 5347955425658610450.
For even MORE transparency, you can see how it's doing based on what the bet size is. If the number in the hundreds spot is 1, then the bot is running positive EV and the amount is the next 2 digits. If it's negative, than it's a 0 in the hundreds spot and the amount is the next 2 digits. For example, right now, the bet amount is 1,129, so the bot is currently running an average of .29% EV per bet. If for some reason, our little bot started getting beat and the amount was 1,005, that would mean it's been running at -.05% EV. AS an aside, I use a worst case scenario EV calculation, so this is the absolute worst it could be doing and on average it usually does about .1% better.
Finally, my hope is to pay out profits via NXT dividends each month unless the variance just goes nutters. The payout breakdown will be 25% to myself, 50% to investors and 25% to the bankroll. For example, if we make 10,000 NXT worth in 1 month, I would receive 2500NXT, 7500NXT will be split up by all owners of EDGE and the last 25% will stay in the BustaBit bankroll (thus also increasing the value of each EDGE share)
Any and all questions are welcome including the ever so fantastic question, "If you can make money running a bot, why look for investors?!" :-)
Thanks for your interest!
NOTE 1: Contact me directly, if you want to invest BTC without going through the NXT conversion.
NOTE 2: I set bet size to approximately .1% of total bankroll and there are about 3600 games per day. If I can maintain EV of at least .1%, then monthly EV would be about 8-9%. Assuming decent variance, dividends to investors would be about 5% a month of the current bankroll.