Wahou it hurts...
But I don't understand how you get that result.
If the whale was positive in the beginning and but lost it in the end... How are you at this level? From what I understand, if you get a *50 leverage it means that if the site loses 2% of its bankeroll you lose everything and the investment is closed. How can you still have an oppened investment?
Topic: Bustadice vs DiceBet Leveraged Investment Returns - Recorded Weekly - 0.6BTC! (Read 564 times)
November 15, 2018, 07:35:04 AM
November 10, 2018, 05:08:30 PM
Well everyone this week I got rekt high having leverage on Dice-Bet. A whale came along and although he lost in the end he was up a lot while he was betting. The 50x leverage basically got wiped out, 25x down a lot and 10x down a bit.
I know other investors were sitting on 3x leverage were up as the whale actually lost money. But it looks like more than 3x leverage is way too risky...
I know other investors were sitting on 3x leverage were up as the whale actually lost money. But it looks like more than 3x leverage is way too risky...
Ouch! It's a shame you lost almost half your balance on Dice-bet. But it's actually really interesting how leverage can massively increase your profits, but at the same time break you very quickly if someone wins very much, very fast.
About bustadice, what's the percentage of the leverage? You said you invested 0.03btc on it, but I couldn't find out what their max leverage is. I even opened their website and the terminology of on-site vs off-site investment is still not speaking numbers to me.
November 08, 2018, 07:07:26 AM
Well everyone this week I got rekt high having leverage on Dice-Bet. A whale came along and although he lost in the end he was up a lot while he was betting. The 50x leverage basically got wiped out, 25x down a lot and 10x down a bit.
I know other investors were sitting on 3x leverage were up as the whale actually lost money. But it looks like more than 3x leverage is way too risky...
I know other investors were sitting on 3x leverage were up as the whale actually lost money. But it looks like more than 3x leverage is way too risky...
Oh dang, looks like you really can't let those high leverage investments sit for such a long time.
Looks very interesting for the short term, but I'm afraid it's too much like actual gambling to risk a big part of your bankroll on it.
November 07, 2018, 05:20:53 PM
Well everyone this week I got rekt high having leverage on Dice-Bet. A whale came along and although he lost in the end he was up a lot while he was betting. The 50x leverage basically got wiped out, 25x down a lot and 10x down a bit.
I know other investors were sitting on 3x leverage were up as the whale actually lost money. But it looks like more than 3x leverage is way too risky...
Bustadice clearly the winner over highly leveraged investments so far (and likely for this entire experiment).
I know other investors were sitting on 3x leverage were up as the whale actually lost money. But it looks like more than 3x leverage is way too risky...
Bustadice clearly the winner over highly leveraged investments so far (and likely for this entire experiment).
November 01, 2018, 07:45:58 AM
Be careful about these investments though, they are never guaranteed. I know "house always wins" but this is leveraged and that creates a trouble with even couple big bets going on the way of the gambler would mean a very bad result for you.
All the above, if you would like to risk your money on gambling I am surely sure that betting on the house rather than the game itself is much more profitable and surely gives you a better house edge since instead of having house edge of 1% working towards you it will be working for you and that is inherently better option. This is an option for the people who already invested heavily on other stuff and would like to check it out, I do not think this is an option to have as your lone investment, if you have not invested in anything else, do not make this your only investment because even tho it has great upside it also carries a lot of risk.
Since the house edge of Dice-Bet is only 0.7%, the investors would stand a higher chance to lose their investment on Dice-Bet as compared to other dice sites with a 1% house edge, that is one of the reason I found it amazing to see the OP gaining such huge investment profits from his BTC investment on the bankroll in Dice-Bet, but he does take a big risk too by setting the leverage on x50 and x25, and I think investors with a small bankroll might not be suitable to use this investment strategy by setting a high leverage. All the above, if you would like to risk your money on gambling I am surely sure that betting on the house rather than the game itself is much more profitable and surely gives you a better house edge since instead of having house edge of 1% working towards you it will be working for you and that is inherently better option. This is an option for the people who already invested heavily on other stuff and would like to check it out, I do not think this is an option to have as your lone investment, if you have not invested in anything else, do not make this your only investment because even tho it has great upside it also carries a lot of risk.
November 01, 2018, 05:37:39 AM
Really interesting series, I'm surprised to see that you've already made such a nice ROI with that kind of leverage.
Maybe it would be interesting to add another investment in the future with your profits?
Perhaps on a different crypto casino? Diversification is never a bad thing
Maybe it would be interesting to add another investment in the future with your profits?
Perhaps on a different crypto casino? Diversification is never a bad thing
October 31, 2018, 01:41:11 PM
Be careful about these investments though, they are never guaranteed. I know "house always wins" but this is leveraged and that creates a trouble with even couple big bets going on the way of the gambler would mean a very bad result for you.
All the above, if you would like to risk your money on gambling I am surely sure that betting on the house rather than the game itself is much more profitable and surely gives you a better house edge since instead of having house edge of 1% working towards you it will be working for you and that is inherently better option. This is an option for the people who already invested heavily on other stuff and would like to check it out, I do not think this is an option to have as your lone investment, if you have not invested in anything else, do not make this your only investment because even tho it has great upside it also carries a lot of risk.
All the above, if you would like to risk your money on gambling I am surely sure that betting on the house rather than the game itself is much more profitable and surely gives you a better house edge since instead of having house edge of 1% working towards you it will be working for you and that is inherently better option. This is an option for the people who already invested heavily on other stuff and would like to check it out, I do not think this is an option to have as your lone investment, if you have not invested in anything else, do not make this your only investment because even tho it has great upside it also carries a lot of risk.
October 31, 2018, 03:40:04 AM
OP, I’m out of sMerit but if I had any remaining I’d send some your way for this thread. I’ve long thought about investing in bitcoin casinos but never had the balls & not understood it.
Thanks for this thread, it’s both informative & helpful.
Thanks for this thread, it’s both informative & helpful.
October 30, 2018, 01:31:17 PM
Fifth week and both sites returns have been great considering the time frame 
Dice-Bet
Bustadice
Dice-Bet
Bustadice
October 23, 2018, 12:29:47 PM
Glad you guys are finding this useful
Forth week and bustadice is back in the positive:
Dice-Bet
Bustadice
Forth week and bustadice is back in the positive:
Dice-Bet
Bustadice
October 17, 2018, 06:45:59 AM
Third week and DiceBet is up over 10% in total and Bustadice is in the negative.
DiceBet @0.33253099BTC
Bustadice @ 0.29666100BTC
I would say it is a pretty impressive result by looking at your investment stats on DiceBet, as far as I know, the number of high rollers playing on DiceBet is still generally low as compared to other dice sites, but you have already earned a profit of 0.03298581 BTC from your total investment on the site bankroll, it seems that the 50.00x Leverage option that you selected does help a lot to increase your overall investment profits. DiceBet @0.33253099BTC
Bustadice @ 0.29666100BTC
October 16, 2018, 05:56:03 PM
I've just deposited around 0.015BTC at maximum leverage (50x) on DiceBet to experiment with an investment on the site. I had some minor issues regarding my deposit, as my BTC deposit transaction was at 2 confirmations but the coin wasn't ever credited to my account, but there was a moderator that credited funds to my account after I contacted support in about a half hour. DiceBet seems nice already with their rapid support, can't wait to see how things go with this investment.
October 16, 2018, 05:37:40 PM
Great charts, I've bookmarked this for review later.
Glad to see some casinos offering leveraged investments, I guess it's a great way to gambling with your investments for those who don't like playing the long game.
Glad to see some casinos offering leveraged investments, I guess it's a great way to gambling with your investments for those who don't like playing the long game.
October 16, 2018, 05:01:57 PM
I've also got some BTC sitting around in a spare wallet, and I may also try investing in a few casinos again after not doing so for a while. Nice to see that returns are still decent on this particular type of investment, I like the charts that you put up with every update that are included with Bustadice, it helps to visualize your investment well.
Continuing with the charts, I think it'd be better if you stuck with the dark theme you started using starting on the 9th of October. The forum background color is whitish blue, and having a solid darker background gives more visibility here. Keep up the updates!
Continuing with the charts, I think it'd be better if you stuck with the dark theme you started using starting on the 9th of October. The forum background color is whitish blue, and having a solid darker background gives more visibility here. Keep up the updates!
October 16, 2018, 02:24:00 PM
You again! There is something about your content that is very weirdly just a binge worthy type of reading instead of follow up every week.
For example when you first started I was like "wow this will be interesting to watch" and then totally forgot about it and 6 months later found it back again and read every single thing you wrote about them at one sitting for couple hours then I found out about it again a bit later after your bad investments and so forth and I read that again for like half a day because I missed so much.
I do not follow it everyday like crazy but whenever I find it I keep reading it until there is nothing left to read
Don't know what the reason is but just wanted to give my feedback. This one will be amazing to watch as well, I can't wait to get 6 months to a year before I remember this was a thing and spend a whole day reading about it
For example when you first started I was like "wow this will be interesting to watch" and then totally forgot about it and 6 months later found it back again and read every single thing you wrote about them at one sitting for couple hours then I found out about it again a bit later after your bad investments and so forth and I read that again for like half a day because I missed so much.
I do not follow it everyday like crazy but whenever I find it I keep reading it until there is nothing left to read
Don't know what the reason is but just wanted to give my feedback. This one will be amazing to watch as well, I can't wait to get 6 months to a year before I remember this was a thing and spend a whole day reading about it October 16, 2018, 11:16:40 AM
Third week and DiceBet is up over 10% in total and Bustadice is in the negative.
DiceBet @0.33253099BTC
Bustadice @ 0.29666100BTC
DiceBet @0.33253099BTC
Bustadice @ 0.29666100BTC
October 09, 2018, 03:22:18 PM
Second week and both sites investments are in the positive
DiceBet @ 0.31827561BTC
Bustadice @ 0.30246418BTC
DiceBet @ 0.31827561BTC
Bustadice @ 0.30246418BTC
October 02, 2018, 11:58:37 AM
First week and both sites investments are down slightly.
I will try to show the screenshots weekly but update the first post monthly.
I will try to show the screenshots weekly but update the first post monthly.
September 27, 2018, 04:06:37 AM
yeah ok I have never invested in anything outside of gambling sites personally and the returns have been good. However I cannot compare them to p2p lending.
So bustadice charge all new investors a 1% dilution fee that goes to all previous investors. It is a bit annoying but if you are a long term investor it will almost definitely be made back and then some.
You will find a better explanation of offsite investment on their site but I just think of it as leverage. I am basically getting a bigger exposure to the profit and loss of the site but they call it offsite investment as opposed to leverage.
DiceBet is currently up from the 0.3BTC I put in, so you might be reading it wrongly. Here is a screenshot taken right now of the investment there:
So bustadice charge all new investors a 1% dilution fee that goes to all previous investors. It is a bit annoying but if you are a long term investor it will almost definitely be made back and then some.
You will find a better explanation of offsite investment on their site but I just think of it as leverage. I am basically getting a bigger exposure to the profit and loss of the site but they call it offsite investment as opposed to leverage.
DiceBet is currently up from the 0.3BTC I put in, so you might be reading it wrongly. Here is a screenshot taken right now of the investment there:
Thank you very much for your reply! I indeed looked at the site profit and mistaken it for your loss. I will look for the explanation of for offsite investment in the website. At least your screenshots are giving me encouragement to invest my hard earned bitcoins. I will look forward for your weekly updates and come back with questions from time to time. Thanks in advance!
What I see from the latest screenshot, that you have earned 25,480 SAT out of your 30000000 SAT investment in just a single day which is 0.085% in percentage. Not bad at all!
September 26, 2018, 09:08:20 PM
Very nice experiment, will be following. I invested in DiceBet for the last couple of days in the litecoin bankroll, and I am very happy. Everything works the way it should, the leverage works great, with so many options 0.25 to 50x. 50x is risky, but still resilient.
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