In my early 20´s I used to be heavily involved in horse racing, every Saturday & Sunday, every week, every month.
And looking within my head for an analogy to Upvote Bidding Bots, **Horse Racing is what came out
The only difference is that in real Horse Racing only the 1º and the 2º make a win. With Bots all they win, but if you make the calculation you are loosing even if it appear that you are winning. And let me explain why:
Lets take a real example, without entering into the calculation of the Square Root Curation
I took 0.355 and bet against . It ended paying out 0.77 and the Bot claiming at 10.12% Upvote, which by itself is misleading, since we don´t have the base number.
Now the funny part: Since I didn´t bet at t=0 age for the post, my part is only 75%. The Bot takes 25% Curation Reward.
All of this means I will be getting only 75%*50% SBD of my original Bet which bring us to 0.289, leaving me with a lost of 0.066.
The only way I had to truly win was at t=0, making the Bot lose its 25% curation reward.
I don´t know the Curation Leaking Formula but it must be something like this:
25%*(1-t/30); where t runs from 0 to 30
CONCLUSION
If you go Bid Bot Upvoting, make sure you, simultaneously, publish the post and bid at 2 minutes before the BOT Closes the Bidding Period. Otherwise, you will loose. At t= 15 minutes, you probably brake even.
And I didn´t bid on this post since I spent all my SBD betting on old post. In fact, I made the mistake twice. Still, the procedure is not wire in my head, but soon will be tested out. But here you can see a real example in my first testing of the theory: https://steemit.com/blockchain/@justinomora/uses-and-application-of-steemit-blockchain-technology-my-personal-view
Published by:
https://steemit.com/@justinomora
Friday @t 12:05AM Easter Time, January 19, 2018WhatsApp/Telegram/Imo: +58(414)3488-110 - Skype/Slack: justinomora
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