Recent changes to BluBet

You may have noticed some significant changes to BluBet recently. One of the most notable changes is that we no longer allow you to participate on bets when your BluBet debt is higher than 100,000 BluBucks. A very small fraction of our active users are in that situation. Even if they were willing to pay money to get out of debt, it would just cost too much to do so. I will address the issue of those users in a later part of this post.

First I would like to address why we made these sudden changes and explain our position. Currently, BluBet is a good game, but it must be great in order to ensure that we survive as a game that everyone wants to play. As it was, the game wasn't challenging enough for many users. Since winning and losing bets made little difference, BluBucks as a virtual currency didn’t carry any value even within the world of BluBet. Ideally, your BluBet Net Worth should represent how good you are at the BluBet game.

Please understand that BluBet is a business and must find a way to become profitable. Otherwise the company that you and I love will cease to exist. We will continue to evolve BluBet to make it more interesting to different groups of people as well as turn it into a sustainable business.

Here are some of my responses to your questions:

Why limit at 100,000 BluBucks?

We didn't want to stop our loyal players from enjoying BluBet for free. If you choose to participate for free, you should continue to be able to do so. However, you will need to expend a little bit of effort to win games and bets. This means that there are no more huge gains without any risk. If you continue to lose, you can always contact our trusty and helpful top users for a pointer or two. We are a great community and a big family. Most of our users are happy to help. 100,000 was a statistical number to minimize the users who can’t participate.

How do I continue to play BluBet for free?

• You will need to play to win.
• Check the ante and your balance when participating in bets.
• Don’t bet more than you can afford. Don’t spend all your debt; wait for some bets to settle before jumping into more.
• If you don't want to take risks with difficult bets, you can always participate by commenting. However, remember that with higher risk comes higher reward.
• Watch settlement dates on bets and participate on bets that are settling soon.
• Come up with a strategy and stick with it. This is a game and it is easier to win than you might think.
• If you owe more than you can afford, you can always start over by creating a new account. Make sure to change your email address and delete your existing account afterward.

Why don't you give some users amnesty?

We carefully considered this option. A large amount of complexity is introduced when you consider the bets that are in play. If we clear some users’ balances, their ranking will increase dramatically due to their bets in play. This wouldn’t be fair to members that earned their ranking by playing the game fairly. We are still weighing several options here but we don’t have a working solution yet. In the meantime, you have the option of starting over by creating a new account as I mentioned before.

Why are you guys so greedy and charging money to play?

It’s not greed, it’s a business. However, we do not expect everyone to pull out their credit card and pay us for BluBet. We don’t expect to turn profitable in just a couple of months. To tune and improve BluBet, we are charging a very small amount to a small fraction of users that are willing to pay for a service that they love. It costs a lot to run a service like BluBet. We will do our best to make a major portion of our service free for those who love our service but cannot afford to pay. Also, we will continue to add and expand our service so that you’ll be happy and willing to pay for some of the value that we provide.

I hope that I have addressed some of your concerns. Over the weekend, I saw some great community support from users all over the world. This is a very unique value that no other online community can duplicate. I thank you all for loving our service and our community. I appreciate your continued support.

Yours truly,

Song Kim
CEO, BluBet, Inc.

Comments

[Dirk Baker]

Starting with "Business"
OF the following, What is worth more to you?
1) "Having 20 users and charging them lots",
OR
2) "Having Millions of users who spend lots of time here and getting paid by sponsers"
*Have yet to find a business that survives with choice #1
**Sponsers would really have liked the site, IF they could post some questions,
post some comments, AND
get some honest survey results
***Nothing is better than an advertising base of:
millions of people who spend lots of time at the site, and give honest survey results.

The Best Features of Blubet WERE
an open discussion group
started by peoples' questions.
This is NOW GONE.

Blubet is NO longer a "fun betting site",
BUT is NOW a Typical Gaming Site.
You have changed it from
"having NO competition"
to
"the same as every other site"

Blubet has FALLEN from an unstoppable dream,
into the gutter with all the other trash

[Dirk Baker]

Talked with some of my friends who are upset at these changes. Following are some of their complaints.

Biggest complaint:
"Would have liked SOME warning!"

Then there is:
"Why make bets when no one will play them?";
"What use r bets when person is only out to create hundreds just to pay this 'debt'?";
"I am here for the questions, not for the money. IT is a 'fun betting' group, NOT an actual betting group"
"WHY pay REAL money just to obtain FAKE money?"
"Why should people be here, when they can obtain the same or better discussions elsewhere?"
"What now seperates Blubet from any OTHER 'pay-to-use' betting site?"

[erer]

Miley Cyrus

[Dirk Baker]

Hmmm...

Might have just found another "Scammer"
whos only value is
"CLAIMING the CREDIT of OTHERS"

YES, I SENT the first TWO messages.
Even though they did include my name,
IT seems I did NOT ensure that my name
WAS LARGE ENOUGH

BEST WISHES TO ALL
FROM DIRK BAKER

[Dirk Baker]

NEW CEO???

I hope Song is able to continue as CEO and
can heal the wounds to this site.

This site HAD so much potential,
and now faces EXTINCTION.
IT is NOT to late to heal and be able to reach for that dream again.

IN Worst Case Scenarios:
HAVE found a few Blubetters who WILL
be excellent CEOs.
They have increadible drive,
increadible understanding of people,
and WILL make Blubet into the dream.

BEST WISHES TO ALL
DIRK BAKER

[Claire]

Is there anyway of being able to comment, before a bet is settled, without actually betting? I note it says you can still participate in comments without betting, but I cant see how!

Regards

Claire

[Virtual Business Address]

I agree that spending real money to get fake money makes no sense at all

[Cindy Nesbitt( shayleesue)]

I am VERY disapointed with this site. I was invited and joined, everything you do is centered around betting, ok fine it's free so it's just for fun & i get to meet some really cool people....OH BUT WAIT , NOW I am not allowed to bet untill i PAY BACK THE MONEY ?????excuse me ?So i am saddend to say i will probly be deleting my account here as soon as i can let all my friends know i'm leaving.I will also invite them to another site so we can keep in touch.I thought this site was one of the best ...i was wrong! This site sucks.I'm sorry but thats how i feel.

[nathan]

it really bugs me when folks are complaining about the recent changes in blubet especially the one about not being able to pay when you're in debt. sure, it sucks that it wasnt announced beforehand but in blubetting as well as in real life, you have to keep track of how much you've borrowed. at least with the new rules the number of bets that are a load of crap has been greatly reduced. no offense folks but this is just my honest opinion.

[Lucky]

hey hey hey Save your venti white chocolate mocha for a day and invest in blubet so that I can keep playing the pacman and demolition. I'm sure Blubet CEO skips meals to support this creative fun site. Cheers!!!

[Cindy0002hui]

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