Topic: Chips.gg |🎰 1000+ Slots |🎤 Live Casino |🎲 1% House Edge Dice |🏦 The Vault - page 14. (Read 19809 times)

But who knows, right? That's still possible, but a $50k win will always have a huge counter part = more spins, and more spins = more money to bet ^^

Although I'm just a weeks old in the campaign fam, but I'm glad I'm part the company's success in it's first anniversary. Congrats and Happy anniversary

panjul07, you are right. The fewer chance we have, the greater the luck we should hope for. There weren't many people in this world who managed to win if the chance were that low, if it did then we really should congratulate him. The chance will be even greater if we have more tickets and play as often as possible. Once again the whale will have a greater chance of winning it.

One year already, really?

Time goes so fast and I remembered the days I participated in the Chips.gg campaign last year. If you did not make this post, I would not know the casino has been here one year.

They cooperated with many trusted game providers and that help Chips.gg has more users.

Congrats 1 year anniversary too.

Thanks for the update! Time flies as Chips is already celebrating it's first anniversary. The promotion with the anniversary wheel is interesting and it seems to be that Chips is bringing everything to the next level with the 5 cars that they are giving away!

Great promotion to celebrate 1st anniversary, 5 beautiful cars to grab.
I thought it is a common lottery where I read "ticket" but I seems that I was wrong.
So for every $150 wagered we will get 1 ticket and we will able to spin the wheel directly?
The chance to win the car is 0.000001%, only users with a huge luck will win this no matter how many spins they make on the wheel.
Obviously, the more spins = the higher chance to win the car but when the miracle comes, 1 single spin may win the grand prize.

We have a new update on chips.gg for the 1 year anniversary !



All the fine print rules are listed in the image and there are cash prizes as well in case in case if you dont get the cars. On Average each of these cars worth around $50,000 so it will be great if we have any winners from bitcointalk that could land these grand prizes

Also there are few events that runs along this anniversary event as well !

I wonder if people actually see difference between investing into a casino and investing into a coin as a different thing? I mean when you invest into bitcoin for example, the main logic is that in long period of time you will profit, sure maybe there are times when it goes down but in 10 years there is a huge amount of people who think it will be higher, and that is why investing into crypto currency is a bit different. Whereas in a casino there are times when you win because of house edge, but there are times a gambler could win big there and you may not win at all as well, depends on the situation.

Look at bustabit, people have been making money there for a very long time, but look at yolodice, they bankrupted basically and nobody really made way too much there. So maybe investing into crypto could be investing, but investing into a casino could be a bit more like gambling for some people?

You invest to make a profit! In crypto, stocks, tomato, gambling, your skills... you always pay the price and you try to get the most of it! There's a difference between types of investment, but in the end, every time you risk your money to gain something you are investing... in the same time you are gambling because you can get what you wanted, or not!


I am not sure I understand this part! Look above, when you are trying something you can succeed, or not! There're no guarantees at all, it's why everything is a sort of gambling.


There's a difference in games/types/sorts... There's a huge difference between chess and boxing, the same difference is between trading BTC/USDT and playing dice! But for all of them some things are similar, you need to have the knowledge and set of skills along with lots of practice to be good at something! In all of them, you compete against others and you can win or lose, more or less!



I can gamble my way through, you can try investing... in this specific case we both support Chips casino and we depend on Chip's casino success! Meanwhile, I had fun playing and mining, maybe I had big wins or losses, you just invested in tokens and you spend time on something else. Both of us invested some time and money, and we both gamble! We just do it in different ways!

Good luck!

There is a HUGE difference between gambling and investment.

In investment you do not have any type of "guarantee" to lose money at all. Whereas in gambling there is a guarantee that you will lose money.

So the difference is that, if you buy this token then there is a chance you may make money or you may end up losing money, but if you gamble, as long as you keep gambling there is 100% guarantee that you will end up losing money, all because house edge, sure there could be some sort of luck involved which makes you win in the middle of the situation, but at the end of the day you are talking about something that is only good for a moment, then you will keep losing in the future.

So long story short, a person who gambles here to make more chip right now, may end up not gambling and not risking and end up buying chips because it is less riskier method.

Everything is an investment, and because there is no risk-free investment all investors are gamblers!

If a casino lose players, for any reason, there will be no profit, so tokens will be worthless! So you either believe in the casino future and you invest your money in gambling/mining, you invest in purchasing those tokens (if possible), for the share of the profit, or you don't believe in all that and you stay away!

Risk is always there, many things can go wrong... but there's also a chance for success! Are you a pessimist or an optimist? Are you willing to risk and how much risk you are willing to take? Classical questions before making an investment...

I see it the same way. Own coins in combination with leveling systems, (with "goodies" per level), tend to keep me longer on their site than platforms without comparable systems. Leveling systems are great for long-term motivation and it's much harder to switch to another casino because you don't want to give up your progress.

What I am trying to emphasize here is that there are investors and there are gamblers, and right now the investors have to gamble to become investors, they do not have any other option, but when given a new option that will mean they will just buy the token/coin and not gamble. That’s simply it, nothing more. So to make it a bit more clear, right now there are people who gamble on this casino right? Simple. There are people who make chips because they gamble here right? Simple. There are people who would not gamble here if they could just buy Chips for dividends, but forced to gamble if they want chips right now because it is the only option.

So all in all, what I am saying is that it is simply just a logical situation where if chips are out there in some exchanges we will probably see people that just end up not gambling, which will lower the dividends, that’s it.

Well as @iv4n has explained, your share percentage will keep on getting lower unless you keep on wagering to increase your chips


I kinda get what your concern is but rest assured though. Its part of the plan to make it tradeable but its at the bottom of the list so there is still plenty of time to raise your concern to the staffs directly on the telegram group chat if you would like to  

Anyway buying token and hoping to get dividends from it is actually 'normal' nowadays. Its pretty much similar concept with token staking, you will get around X APR from it in form of tokens

What is your point exactly?! You will get dividends if you hold tokens, the only way to get to those tokens is to wager, at least at Chips, at this moment! But even if it's tradable, like it's the case with some other in-house tokens, you can buy them and stake them for dividend payouts! Look Sy's explanation...

That "forever income" sounds like you don't know much about this feature! You can have "forever income", but to maintain the same daily payout, you have to gamble/invest more, simply the distribution is not over, with more tokens issued your cut is getting lower every day!

I don't want to argue, I am simply trying to understand what you want to say! Are you a gambler or just an investor? Do you have any Chips?

"some" of you may, but you are not the only people, there are also a lot of people who gamble here because they like to make that forever income, because let's face it you gamble here for a while, get the coin and then use that to make money until this website is totally gone and casinos usually last very long so that means you can make money for a decade at least. You really think that there are no people like that gambling here?

We can argue about how much percentage of the people are like you and how many are just here to make dividends but at the end of the day there are some that does it and THAT creates a vortex, that is the reality. Which means that my point stands, yours is not wrong, there are many that like gambling for gambling sake and they will continue so I am not saying you are wrong neither, just do not forget the existence of what I said along with what you said.

I don't see that "vortex" you are talking about... some of us gamble because we like it, and if we get something extra from that (mining) even better! It's why we risk money, to gamble and have fun, just investing for a sake of staking and receiving dividend payouts is something different, you have many projects for that, it doesn't have to be related to gambling! There's also one more interesting thing, maybe you can buy tokens for $100, but you can also wager a lot with $100, and mine a lot more tokens than you can buy with that money!

Casinos should be casinos, with or without some kind of "profit-sharing" feature! They should take care of their customers, add more games from time to time, have nice promotions, etc... and as long as they are doing that they will have players!

The problem is that when there is token that can be earned by wagering there is a good amount of people who keep wagering and then hoping to make some money from the dividends, when you give people an option to just buy it instead of wagering they will do that instead of wagering because why risk your money when you can simply buy it.

However this creates a vortex, which means that less and less people will wager because they can simply buy the token instead of risk wagering, which means that there will be less wagering, when there is less wagering there is less dividends earned, and when you earn less dividends that means price will fall and when the price falls then people will wager less to earn it and the cycle repeats itself. This is why I hope that chip doesn't do something like this, it is not going to end up with anything profitable for anyone ever.

I don't think so, logically speaking, the fact that a currency becomes worthless and like garbage, it does not come from where it is traded, it comes from the relationship between supply and demand. We can simply explain, if a currency has low demand, while its supply is too high, its value will inevitably be low, even if it is only traded internally or trade anywhere. Therefore, I do not agree with your opinion 

all chips were mined by placing bets , the team doesn't own a fixed percentage of chips like other projects and they don't need the token itself since the site is getting 50% of the profits anyways
so in short if the token was listed the team won't be able to dump the price

but yeah I agree with you about the other sites' tokens , most of them are dying in price
it's kinda complicated since these type of tokens pay you divs , so for example you may buy the token for 1$ , sell it a year later for 0.5$ and still make money if you count the dividends you got during the year

Personally, I am not really against that. I like sites that have their own token (chips, betfury) and who are related to a dividend system. It gives a motivation to the players to keep playing and wagering, because the more you play, the more tokens you will receive and thus the higher your (daily) dividend.