Topic: Bitcoin Gambling Investments - page 47. (Read 47248 times)

No, gamblers always play until their last cent. Most people gambling will lose their money, we see all the time the house is making more profit than gamblers. If the players had a chance to make more profit than the casino, no one would like to be a casino owner. Only few lucky guys can make profit on casino and exit with more money than they came.

That is why it's better to invest on the casino bankroll, guaranteed profit (but not much anyway).

investment in gambling is ok there is no doubt about this, but the you should always try to invest a little amount of bitcoin in gambling as gambling is one of the most risky investment, therefore need to be more careful while investing in gambling.

Martingale is completely different offcourse, as long as the player keeps betting he will lose in the short or long run
I was invested in satoshidice when it was making good profit and moneypot, i know and saw what variance is.
only thing i am saying is you can't expect that a casino will start winning just because it suddenly lost or the otherway around (again, excluding martingale) it just doens't work like that. and again it wont tend to the house edge because otherwise you would be able to calculate, there are way to many variables and the period of time to calculate an expected profit is way to short, just an example, betking is online for 3years and 8 month's and they got an 181% expected profit which is almost double then the simple house edge expected profit calculation.

I am unable to predict when the casino will make money and when it is not. However, i am still using data and making some pattern recognition out of it. I invested in both moneypot and betking and i have keep track very closely for both of them even more than what you have seen here. You only see the result of betking but if you really keep track of these 3 months week by week, you will understand more. Do you know that even though betking you see is overall having good profit, there are 1 month in these 3 month it is losing money? This is what Variance is but like what most of us say, it will still tend towards the house edge. This happen to be the same person who have been taking profit from the betking for days until he lose a lot eventually and this explain why there is a good boost in the 2nd month. Similarly, when the thread starter start his first investment, betking make a huge profit(about 1000btc) within one week, and hua_hui already start telling people that is not an accurate projection. This is because it is exactly betking has been losing the pervious 1.5 months in almost every single day to these whales who is using martingale that is taking profit but in the long run, the house edge will creep in and this cause these exact same whale to lose heavily.

As i have keep track of my betking investment week by week for almost 6 months, i would have to say that i am quite happy that i did the research. And the reason why i also dont like to share is because I am sure people will disagree and argue no matter what, so I just keep the information to myself and save the trouble to talk to this. This is the big difference of people doing proper research and people who dont.

Win some lose some, that's how it is. From what I'm getting in reading this thread even if you're investing in the bankroll, it's the house that still benefits most and it's not worth it. I suppose it just depends on when you enter and when you get out.

you analyze the best way you can but in the end you should accept the fact that you have invested in a casino which is related to gambling so there is always risk that someone gets super lucky no matter the house edge.

you can look at the history of this topic to see how many times this happened and OP has lost money.

Think about what you are saying, that would be like predicting the future, with those logics betking Will lose again because they had a good 3 months, that's not how it works, just think about all the variables and the luck.
It's just as unlogical as trying to calculate profit based on house edge. and in a way what your saying is the same as predicting profit. A year is waaay to small to use the law of large numbers

An investment is a good thing, but if we make an investment because it could not do enough thinking correct then it will just make us all get a loss. like the example you're talking about is, if we have good confidence then all things which are done by our investment in place then it will not make us doubt. Because it already believe that it's all just ordeal for all of us

Well satoshidice wagers have dropped a lot for some reason. Also, was there a big win in moneypot?

It is not about betting volume. In this case, moneypot has been made a lot of profit and it is a matter of time when the players will make a huge win. That is why moneypot has been losing money recently due to the huge previous win for the first half of the year. The daily wages is actually quite decent.

That's too bad.. yeah I am planning to do an investment also in gambling through bankrolls. Hopefully I can get some profit out of my btc. I also heard lots of people who invest in bankrolls and did not went well for them either.

Yes indeed and you dodged a bullet with that, i just wanted to say that is not just the wagered amount because they got that.
I guess that i mean that everything can change in the future, you get what im trying to say.

Well it went 3 months and had little to no variance with the Bitcoin Gambling Investment Experiment and was slightly negative. So the fact is that is was a poor investment over that period.

Moneypot had a real good profit in the past, if you was there some months before then you would have doubled your investment, also know that things like that can be easily checked.
At http://eeeth.com/mpstats/ when you tap the waggered button you can see that it's a straight Line which makes your statement untrue i think

I think Satoshi Dice and Moneypot could not get the betting volume with regards to the size of their bankrolls and thus were flat.

CryptoGames seems to be showing pretty consistent results without abrupt declines. I think this is what we should expect on average from house edge coupled with proper management of the bankroll. I'm more interested why the two outsiders in the review are not giving any profits. I mean Satoshi Dice and MoneyPot.


Wrong. It is pure luck minus house edge for the gamblers, and plus house edge for the casino and investors in its bankroll

Is there investment promoters here in btc casino? From what i have seen so far, there is promotions for people gambling but there are not promotion for investors. However, a lot of investors never do proper research and just randomly invest. They are be careful in what they pick as an example is moneypot which make amazing return at the start but in recent month, it loses back all profits.

Exactly, all types of investment scheme requires analytics that is abviously can be performed by mathematics. Investor's do not invest just because they feel so, Investment promoters should give it's benefits and strategies then let the investor decide.

So there's no math in investing you mean? I guess not, we analyze that we have the edge so we invest, otherwise we will not invest only when it's base on luck and instead we gamble with our own money so when we win in can give good return.

gambling is always pure luck so investing in a gambling site (against the gamblers) is also pure luck. that is an obvious enough fact that everybody knows. but that doesn't mean you can not make profit in the long run. the only thing that you should do is to find a good site which is both popular and fair and then invest what you can afford to lose.