Your estimated calculations are way off...I got nowhere near the $2.05 that was shown as the estimated vote value...in fact, it didn't even eclipse the $1.00 mark...it came in around the $0.50 mark...
You list the ROI for that round at -54.54%, so anyone buying votes at this rate is losing...what's the incentive to continue...?
Hi @jsuusagenstum,
Please note that Vote value ($2.05) shown was in USD, not in BSD. Current SBD price is $6.89 USD.
As for the negative return, it’s possible. It all depends on how many biddings & bid amount come in. If the total bid amount is more than total vote value, the return will be negative. I have no control over how many bids/bid amount coimin in, but there is a warning message on page to ask bidders to check ROI prior placing bids.
more info here:
https://steemit.com/bot/@skydragon/please-check-roi-and-familiarize-with-how-bidding-based-bots-work-prior-bidding
Gotcha...thanks for clearing that up...it's a numbers game...so I'll have to pay better attention next time :)
Glad that it’s cleared up. :)
Cleared up for me...but that last round was full of people who can't do math...wish I would've jumped in on that previous round tho...155+% ROI...I can dig that :)
You're gonna need to teach these people how to do basic math...they're upsetting the apple cart trying to outbid each other with the way you have that bot setup...not that it matters to you...but it's going to drive those of us who can do math onto find other bots to dedicate bids to...