Thanks for sharing. I will be watching it.
Good luck !!!
Good luck !!!
nice thread, save it in bookmark and see how it goes.
This is a nice thread.
I like the idea of investing in the bankroll of a casino because I usually lose money gambling. When you invest in casinos you are guaranteed to make profit in the long run because you are essentially gambling with a negative house edge.
I’ll be following closely with your profits, because i usually only invest in Just-Dice which is my go to casino for both gambling and investing. But now they only operate with CLAM which is really annoying
I like the idea of investing in the bankroll of a casino because I usually lose money gambling. When you invest in casinos you are guaranteed to make profit in the long run because you are essentially gambling with a negative house edge.
I’ll be following closely with your profits, because i usually only invest in Just-Dice which is my go to casino for both gambling and investing. But now they only operate with CLAM which is really annoying
Thank you all for your comments! I hope it helps others make the same decision - I do gamble myself but I feel that investing also makes me feel like I have a vested interest in the site. It's a great idea for community ownership. Don't hesitate to PM me for more information.
However what made you invest in Crypto-Games instead of other bitcoin casinos that may have better house edge instead of 0.8% and lesser investment commissions?
Note that the "commission" is not a straight up commission, the house also carries 30% of any loses, should there be some.I don't think any other site handles stuff like this (although I'm not familiar with all investment calculations).
Also, the 0.8% house edge is specific to dice only, the other games have a higher house edge and also quite some volume
And I’m pretty sure that BitDice has more gaming volume and more whales than CG?
BitDice has 820BTC wagered this week (according to DiceSites). This is, with a bankroll of 1997BTC.CryptoGames currently stands at 869BTC (disregarding all other games, simply dice) with a bankroll of 1633BTC.
That's 41% compared to 53% (or 42.5% when using a 0.8 factor for CG).
Thanks Lutpin for answering the questions with more detail than I possibly could!
Xypos: To be perfectly honest, my decision to invest with CGN comes from familiarity and trust. As difficult as this is to measure, my perception of how honest/open/transparent I find the site owners, staff and mods are is pretty high. They're approachable, fair and available. There's quite a bit to the "community" at CGN and I find that something I'm comfortable with.
Other than that, their investment structure may not seem like the best in the market now but as Lutpin puts it, CGN typically has a lot more volume in terms of wagering. I also see this is growing, thanks to subtle marketing and diversification (CGN has a news site with pretty decent contributors). Current and foreseeable volume looks positive to me. Also, you can see exactly how your investment is affected by wagers, faucet claims, rain etc.
