Bitcoin Gambling Investments - page 75.

hua_hui

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Quote from: BeGoods on August 16, 2016, 09:56:29 PM

Quote from: TraderETH on August 15, 2016, 10:49:46 AM

I think if we wanna make Investment on website gambling more safe we make website gambling by our self, because if we make Investment on website gambling own another people. It is high risk.

but I think if you want to create a new gambling sites. you have to prepare a lot of things. such as large capital, you can not create a gambling site if you only have 10 BTC alone? surely you will lose money or lose if you're undercapitalized. and after making a gambling site you have to do promotions. because it is not directly your site will be famous for?

He did not say he want to create a new gambling sites. He say he just want to make investment which means investing money on the current existing site. So when investing, what you have said are important factors. Is the casino have active players etc? What are the daily wages etc.

BeGoods

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Quote from: TraderETH on August 15, 2016, 10:49:46 AM

I think if we wanna make Investment on website gambling more safe we make website gambling by our self, because if we make Investment on website gambling own another people. It is high risk.

but I think if you want to create a new gambling sites. you have to prepare a lot of things. such as large capital, you can not create a gambling site if you only have 10 BTC alone? surely you will lose money or lose if you're undercapitalized. and after making a gambling site you have to do promotions. because it is not directly your site will be famous for?

hua_hui

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Quote from: Tanic on August 16, 2016, 05:28:41 PM

Yes I nheard that investin in gambling sites can be profitable. But as I see from this post not from every site I can expect profit in the case if I invest something in it. It is interenet and nobody knows how many scammers there. I would like to invest in some site and this post helped me to find some profitable variants. I will think about my investment when I save more or less good amount of BTC.

Investment in gambling is very risky in the short run, there is why you will a lot of sites have negative on a lot of days. However, with the house edge advantage, in the long run, the casino will profit from it and you should be able to see that your investment will be green. There can be terrible cases whereby a casino can loss everyday for a whole month and so, so are you fitted to invest in gamble? of course the rewards can be very big too.

coingamblingreviews

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★Bitcoin Gambling Reviews★

Quote from: hatshepsut93 on August 16, 2016, 03:32:42 PM

Quote from: coingamblingreviews on August 15, 2016, 08:37:59 PM

Took a massive hit on SafeDice today 1BTC is down to 0.83573261BTC

I like that 1BTC is over 1% of their bankroll so anyone gambling will have a big impact on my bankroll investment. However, the 0.5% house edge makes the swings huge.

Wow, 12,5% is really huge swing. but they allow 10 BTC wins with Bankroll of 103 BTC, which is very stupid, even with they varying HE. Investing here seems very risky, whales have the best chances here.

All part of the fun of this little experiment. Lets see how they are doing over the year Wink

fullypak

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Quote from: coingamblingreviews on August 15, 2016, 11:18:13 PM

Quote from: SyGambler on August 15, 2016, 11:09:02 PM

Quote from: coingamblingreviews on August 15, 2016, 08:37:59 PM

Took a massive hit on SafeDice today 1BTC is down to 0.83573261BTC

I like that 1BTC is over 1% of their bankroll so anyone gambling will have a big impact on my bankroll investment. However, the 0.5% house edge makes the swings huge.

expect a lot of those swings when you own more 1% of the bankroll with only 0.5% house edge
I mean for sure in the long run this 0.5% will pay you off , but maybe you should choose a different site !!
have you checked bitvest for example , the edge there is over 1%

yeah we have, plan is to stick with these 5 for the year and keep track of that. Want to keep this little experiment the same all through the year.

As long as the site is trusted then, we can stick for one year term and no need to worry much about these short term variations. But for all investments you should set some % of loss and profit margins. When you reach that % profit, then you should book your profit, or if reach your loss % then you should consider to withdraw money and move on to find better ones.

maku

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Quote from: Tanic on August 16, 2016, 05:28:41 PM

Yes I nheard that investin in gambling sites can be profitable. But as I see from this post not from every site I can expect profit in the case if I invest something in it. It is interenet and nobody knows how many scammers there. I would like to invest in some site and this post helped me to find some profitable variants. I will think about my investment when I save more or less good amount of BTC.

I don't know if are understand this thread correctly. Op is investing in bankroll of well known bitcoin powered casinos. These are not some random investments projects.
The only scam that can potentially happen is when casino owner disappear with all money. It is possible but very unlikely in these cases.

ralle14

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Shuffle.com

Quote from: Tanic on August 16, 2016, 05:28:41 PM

Yes I nheard that investin in gambling sites can be profitable. But as I see from this post not from every site I can expect profit in the case if I invest something in it. It is interenet and nobody knows how many scammers there. I would like to invest in some site and this post helped me to find some profitable variants. I will think about my investment when I save more or less good amount of BTC.

Investing in gambling can be profitable in the long run because no one can beat the house but in this post OP's investment only lasted for a week if we talk about a year or two every investment he has should be in profit.

Tanic

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Yes I nheard that investin in gambling sites can be profitable. But as I see from this post not from every site I can expect profit in the case if I invest something in it. It is interenet and nobody knows how many scammers there. I would like to invest in some site and this post helped me to find some profitable variants. I will think about my investment when I save more or less good amount of BTC.

hatshepsut93

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Quote from: coingamblingreviews on August 15, 2016, 08:37:59 PM

Took a massive hit on SafeDice today 1BTC is down to 0.83573261BTC

I like that 1BTC is over 1% of their bankroll so anyone gambling will have a big impact on my bankroll investment. However, the 0.5% house edge makes the swings huge.

Wow, 12,5% is really huge swing. but they allow 10 BTC wins with Bankroll of 103 BTC, which is very stupid, even with they varying HE. Investing here seems very risky, whales have the best chances here.

ralle14

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Shuffle.com

Quote from: coingamblingreviews on August 15, 2016, 08:37:59 PM

Took a massive hit on SafeDice today 1BTC is down to 0.83573261BTC

I like that 1BTC is over 1% of their bankroll so anyone gambling will have a big impact on my bankroll investment. However, the 0.5% house edge makes the swings huge.

Could you try investing on Bitvest.io next if its okay for you I'm curious what will be the results for a week or so.

hua_hui

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Quote from: olubams on August 16, 2016, 01:07:20 AM

Quote from: coingamblingreviews on August 14, 2016, 06:37:56 AM

Thanks to all the Bitcoin Gambling sites with Bankroll Investing Options who replied to my PM questions this week!

We went ahead and converted approx $3000 US for 5 Bitcoins and invested them evenly into 5 Gambling sites below:

1) BetKing
2) MoneyPots
3) SafeDice
4 )Crypto-Games
5) Satoshi Dice

We will publish updates monthly and the first article can be found here:

http://bitcoingamblingreviews.com/bitcoin-gambling-investment/

1 week in so far!

What do you think will happen after 1 year?
What sites will still be around?
Any sites I missed that you would have invested in?

I must say this is an eye opener for people waiting to make a decision whether to invest or not. I see you spread your investment in other to hedge against loss and on the average I think you've done well in one week. No one knows what the future holds but if it keep up like, in no distant time you're recouping your investment. But I will say you be sensitive and know when to cash out and put your investment where it will yield...

There will be a huge changes week to week as different casino will profit differently due to the different profile of the gamblers. However, it is nice to see the profile will keep growing at a constant strength since it is well spread out.

olubams

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Quote from: coingamblingreviews on August 14, 2016, 06:37:56 AM

Thanks to all the Bitcoin Gambling sites with Bankroll Investing Options who replied to my PM questions this week!

We went ahead and converted approx $3000 US for 5 Bitcoins and invested them evenly into 5 Gambling sites below:

1) BetKing
2) MoneyPots
3) SafeDice
4 )Crypto-Games
5) Satoshi Dice

We will publish updates monthly and the first article can be found here:

http://bitcoingamblingreviews.com/bitcoin-gambling-investment/

1 week in so far!

What do you think will happen after 1 year?
What sites will still be around?
Any sites I missed that you would have invested in?

I must say this is an eye opener for people waiting to make a decision whether to invest or not. I see you spread your investment in other to hedge against loss and on the average I think you've done well in one week. No one knows what the future holds but if it keep up like, in no distant time you're recouping your investment. But I will say you be sensitive and know when to cash out and put your investment where it will yield...

hua_hui

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Quote from: BetKing.io on August 15, 2016, 01:10:23 PM

Quote from: hua_hui on August 15, 2016, 09:46:39 AM

I have to say that i also invested in betking and OP is really lucky that he invested in the right time. Previously, betking has been losing almost every single day for a long duration. I have seen my investment drop day after day and i even question OP why is he is showing profit? It is just that he happen to post at the right time when there is suddenly a huge shoot up in the profit for that day that neturalise all the bad days. So that is why within one week of investment, he can have a 7% but that is not a good indicators. I would have to say look at the long run. Personally, i am also invested in a few of these sites and i am quite happy with the results too.

You say look at the long run. You should do the same.
BetKing has a profit of 4946 Bitcoin....over the long run.

Your losing each day example was a space of two weeks where we lost a bit.

Two weeks is not the long run. You should be thinking 6 months to a year, which is nowhere near the long run but in Bitcoin gambling that is a long time

Well i agree. Cause i am still invested in your site and i believe that in the long run, i will be in the red. I am just trying to tell people that dont just look at the OP results for that week. The whole week for Betking is at a losing streak but it is just nice that there is a huge profit that brings everything in such a high percentage win. So dont except that you will be getting 7% every single week. At times, you will even been in the red for weeks.

coingamblingreviews

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★Bitcoin Gambling Reviews★

Quote from: SyGambler on August 15, 2016, 11:09:02 PM

Quote from: coingamblingreviews on August 15, 2016, 08:37:59 PM

Took a massive hit on SafeDice today 1BTC is down to 0.83573261BTC

I like that 1BTC is over 1% of their bankroll so anyone gambling will have a big impact on my bankroll investment. However, the 0.5% house edge makes the swings huge.

expect a lot of those swings when you own more 1% of the bankroll with only 0.5% house edge
I mean for sure in the long run this 0.5% will pay you off , but maybe you should choose a different site !!
have you checked bitvest for example , the edge there is over 1%

yeah we have, plan is to stick with these 5 for the year and keep track of that. Want to keep this little experiment the same all through the year.

SyGambler

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guess who's back

Quote from: coingamblingreviews on August 15, 2016, 08:37:59 PM

Took a massive hit on SafeDice today 1BTC is down to 0.83573261BTC

I like that 1BTC is over 1% of their bankroll so anyone gambling will have a big impact on my bankroll investment. However, the 0.5% house edge makes the swings huge.

expect a lot of those swings when you own more 1% of the bankroll with only 0.5% house edge
I mean for sure in the long run this 0.5% will pay you off , but maybe you should choose a different site !!
have you checked bitvest for example , the edge there is over 1%

ajmagz09

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does it mean that is it ok to went on gambling sites with investment ? i dont know the process of those things. coz all i know is to bet and bet all over again ? i never tried investing on them because of experience of loosing everything.

coingamblingreviews

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★Bitcoin Gambling Reviews★

Took a massive hit on SafeDice today 1BTC is down to 0.83573261BTC

I like that 1BTC is over 1% of their bankroll so anyone gambling will have a big impact on my bankroll investment. However, the 0.5% house edge makes the swings huge.

onleines

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Don't buy Bitcoin - Earn it

Great idea.
I did copy your portfolio with an lower amount.
Hope that is okay for you.

BetKing.io

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Quote from: hua_hui on August 15, 2016, 09:46:39 AM

I have to say that i also invested in betking and OP is really lucky that he invested in the right time. Previously, betking has been losing almost every single day for a long duration. I have seen my investment drop day after day and i even question OP why is he is showing profit? It is just that he happen to post at the right time when there is suddenly a huge shoot up in the profit for that day that neturalise all the bad days. So that is why within one week of investment, he can have a 7% but that is not a good indicators. I would have to say look at the long run. Personally, i am also invested in a few of these sites and i am quite happy with the results too.

You say look at the long run. You should do the same.
BetKing has a profit of 4946 Bitcoin....over the long run.

Your losing each day example was a space of two weeks where we lost a bit.

Two weeks is not the long run. You should be thinking 6 months to a year, which is nowhere near the long run but in Bitcoin gambling that is a long time

TraderETH

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I think if we wanna make Investment on website gambling more safe we make website gambling by our self, because if we make Investment on website gambling own another people. It is high risk.

Topic: Bitcoin Gambling Investments - page 75. (Read 47265 times)