Topic: Crowd funded Gambling Sites (Read 1518 times)

Top 10 investors:

 988.28905789
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wow .3m $ just lost in a casino luckily for all the investors because as we knew that if this gambler wins all of those fund will be lose as well
it is a good investment since that you are just going to wait for actual roi of the casino without doing anything you gained real profits.

No, the casino is funded by a variety of different people, hence the "crowdfunding." If you want to invest go ahead, it's safer than gambling, it can vary as well. For example, had this whale won, investors would have lost. Fortunately for investors, he lost, so they gained a large amount of profit.

Holy cow, he lost over 0.3 million dollars!! His bets are over many land casino limits!! I'll definitely look into bettking. Who funds the casino anyway? Are there any whales funding it?

This site (BetKing) has '5x kelly' (this doesn't take into account commissions) meaning the max win is 276.625 bitcoin (5%) of a 5532 bitcoin bankroll.  

Not all crowdfunded sites have high kelly options, but the ones that do, experience higher volatility and variance.  

Good lord is this how these crowdfunding dice sites work?
Wait until a big roller like this guy who loses all his bankroll to fail in order to get profit.
Seems kind of a misconception if you ask me.

Good, analyse, and thanks for the information. This will help many investors. And it is very big to lose for investors. See not only in gambling in investing also we need the luck to make a profit. And yes putting all money in one site is always a risk. We can split that amount means it is good for us. 

Good example of variance today at BetKing.io. They were down from the past week, but today, roadcone lost nearly 600BTC, bringing investor profit up to 5.7k BTC.


If you invested right before roadcone bet, you would be up over 10% ROI in one day. Never know what might happen tomorrow though . This is why you should spread out your investment, and not put all your eggs is one basket.

I feel that with moneypot, it's either on a really high positive streak, or a really high negative streak. You just have to wait it out; don't worry, with patience you should probably gain a good amount.

Someone has posted a thread here with their experience, you might want to check it out. He got a good ROI from betking.

It isn't just you, but it isn't a fully negative streak either. Some days have small profits, but it seems to mostly go down. Seems like gamblers are getting lucky, but MoneyPot is still above EV. There isn't a fee in investing itself, but MoneyPot takes a 20% commission on the house edge for each bet, and the gambling site takes 50% commission on the house edge.

There are definitely times when the bankroll takes a drop or rises significantly though, so don't invest based on the fact that the profits have been consistent in the past weeks.

No way to say for sure, since the amount wagers varies a lot from time to time, as whales aren't always wanting to gamble. According to DiceSites.com though, 1507BTC was wagered in the past week. BetKing has a 1% house edge, so the expected profit of that week was 15BTC. The invested amount has dropped over 100 BTC in the past week, so I'll average it to 4450BTC invested. A 0.3% ROI is expected for the last week. (assuming the large losses weren't all lost at a time with a larger/smaller bankroll). Variance will make it different though, like BetKing investors last week would have saw a loss.

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Since you plan on investing 20$, I suggest you spread out your investment. Put $6.67 in Moneypot, Betking and Crypto-Games. That way, if one site has huge losses, you will gain some, and if a site has a large loss, your other investments might do well and cover it.

Looking to invest like 20 dollars to get a feel for the risks. Is it just me or is moneypot on a really long negative streak. Is there a fee towards investing in MP?

Cryptogames seem pretty good with 1 or 2% ROI per week.
What is the average ROI for betking?

the value of this coin is really rising from yobit so if you are interested to invest best time for you to try it out now before the train left you behind gonna buy some of it while it is still hot.

Glad to have a thread like this full of information and experience relevant for decision making although I know all investments have its own risk but a wise investor would try to minimise his controllable risk and that's why I'm gonna stay put on this thread and learn most importantly how to go about it and reurnsx attached....

I would also recommend investing in LIR. Lots of new releases, 6 new games coming and its about to make new all time highs in the next few weeks.

For some site there is a min requirement. Betking now requires a min of 0.01btc of investment if i am not wrong. As if will you profit, it is not 100% as anyday a whale can just come in and take a big portion of the bankroll away to any of the site. However, with the house edge, the casino will gain back the loss in the long run. Some of the casino allows you to instantly invest and divest anytime, that means you can withdraw your investment any time and once you invest, you can immediately start earning.

Well i had took a look at your link and i saw you had roi at the most of those gambling sites, there is a minimum to make this investement?  After invest you will get a portion of the results daily? Your main investment will keep there forever or you can withdraw it anytime? Sorry to make soo many question, but i wanna know how it works to choose to invest or not.

This site does not exist, are you the admin? You might want to fix it. Also, people might be wary of investing in a completely new site, as it has yet to gain trust.

OP, how much bitcoin are you willing to invest? It might be hard to get a ROI if you don't invest enough, even with low bankroll sites.

I never test any gambling site but only betking that i know that i heard before is the best to invest..
Only that i made a profit and good benefits..

this site: crypotsdice.com, just started one week ago, so bankrolls are still low. The main advantage is that you can invest +40 currencies

I would suggest LIR , this crowd funding platform has gained more than 470 BTC during the investment period before the official launch , now it is open for testers , and it accepts LIR and Bitcoin . LIR coin available now on yobit , and the dev team said that they will add LIR to other exchanges like Poloneix and c-cex and many others .

Glad to hear you like us

Yes, the past couple days have been brutal due to an issue with our deposit system (deposits were stuck "pending" instead of getting credited). We are fixing that currently before relaunching.

Stat wise, MoneyPot has been doing the most volume of any publicly funded bankroll over the past few months.

LetItRide is a new dice platform that has a special coin which called LIR , this coin is gaining new investment every day , and the dice platform is in testing mode , the full release will happen soon , LIR is traded in yobit , and its value increases day by day , and also it has big trading volume .
the site link : http://www.letitri.de/
Bitcointalk thread : https://bitcointalksearch.org/topic/lir-letitride-dice-tournament-live-3btc-in-lir-prizes-join-for-free-1511021

Betking's proof of solvency is at 0 bitcoins. Should that be setting off red flags? https://blockchain.info/address/1FhxjhFb1YudGC1vtV4FuLpQc2uHzq3XFd

I like Moneypot. I know alot are not happy with the site the last few days but I keep my funds with them as I trust the site and the plans they have for the future.

Moneypot old version where I was heavily active in investing money. Since the management changed I never tried that as investment option. I just keep playing there timely. It was immediate reaction after new team came and I never made mind to put money after that. Monypot still is one of the trustworthy gambling site for letting your money there.

Moneypot and betking will be good one but ROI is based on their bankroll how big they to have to survive, I will suggest you pick the sites which have a lot of traffic and big rollers, the more big bankroll if any player won big than there is chance to survive in long run.

I'd like to add bitvest.io here. All of the sites offer a share of profit for the share of house pool and none of them are entirely crowd funded.

There are tons of crowd funded bitcoin gambling sites out there like Crypto-games, BetKing , Moneypot , SatoshiDice , SafeDice , SatoshiBones and BitDice these are some of the sites i know that are crowd funded. Its hard to tell which site rakes in the most profit because their statistics changes every month.(thats where the risk comes in i guess)

I strongly recommend Betking.io for investment and I have some good reasons to refer to this site, it is one of oldest dice site and have very big bankroll, you can make comparison through the given link under.
https://dicesites.com/

Yes, tough to predict any gambling site profits and one shouldn't invest money in casino based on past performance instead look for whether the casino is well trusted or not and how much crowd they can attract so that your profits will grow due to the house edge profits. Also, don't put all your money in any one site instead diversify to reduce your investment loses.

Well mate you know moneypot sites are all crowd funded. The crowd is the investors. They use the investors money and moneypot money to payout the players and the casinos that use moneypot pay a small fee for this service and that is how I is sustianed

I honestly can't tell.
I've only been investing very little in the old version of moneypot and have dropped them entirely since the new management got in place (has nothing to do with the persons running it, rather with me not picking up to move my funds back around).
I can tell you the profits in the last few months (or you can check the charts yourself), but that's only little information for future profits.
It's gambling after all, you never know when/if a highroller busts or takes a big swing at the bankroll.

How does the rate of return compare to Moneypot?

This looks like an interesting concept.. Might try investing in crypto games!

Crypto-Games.net offers public investments, not only on BTC, but also on all featured alts.
Have a look around and decide yourself if it's established enough for you (site's turning 2 years next month, public investments have been running for over one year now).

What do you think are the best crowd funded gambling sites? Looking for one that has an established reputation and a relatively low bankroll so the ROI is high.