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Topic: GAMBLING SITE INVESTMENT - page 33. (Read 6970 times)

hero member
Activity: 3094
Merit: 606
BTC to the MOON in 2019
April 28, 2020, 06:23:21 AM
#94
Btw though the profit is really very small according to investment amount, hope will it will Increase in upcoming weeks. Keep it updated that will helps others to think before make any investment in gambling site. 

That's really the usual return of your investment as you are not the only one investing, it's a big bankroll and a lot of investors investing different amount, you only get a little percent of the pie, as per OP's investment, he only invest 0.049 btc in bustabit, so it would not really generate a lot of return.

For some gamblers, they can't stand with a small profit, hence, they will choose to just gamble as they can increase their money into many folds even in just less than a day, but the risk is really high.

The dividend is reasonable unlike if you invest on more riskier platforms and even if the profit is low for sure OP knows about that yet settled for the result came.

And also OP is happy with the result so its better for him and many people glad that he share is experience,profits and insights about the investing on bustadice.

I truly understand that, what OP is doing now is more like an experiment, and who knows if he likes the way his investment is going, he might add more investment for better return. This is an investment journey being shared here, it should be appreciated well.
legendary
Activity: 2702
Merit: 2053
Free spirit
April 28, 2020, 06:04:19 AM
#93

 But I don't see anything to say that it is high risky  Huh How did you say it was high risk here? Compared to investing in all other forms, investing in a casino seems safer, as a casino rarely loses money.


OK here I extrapolate my thoughts,


1. risk of someone just winning big - takes from the casino - It does happen, if you are the backer that's your money leaving. This is why I asked if they can clawback anything else from you than your stake. Say you have to cover a percent of the loss equivalent to your holding

2. Risk of someone finding an exploit and emptying the site out of its bitcoins before they realise

3. The simple fact of not your keys not your bitcoin - if they went bust suddenly or folded who you gonna call?



hero member
Activity: 2632
Merit: 787
Jack of all trades 💯
April 28, 2020, 06:00:58 AM
#92
Btw though the profit is really very small according to investment amount, hope will it will Increase in upcoming weeks. Keep it updated that will helps others to think before make any investment in gambling site. 

That's really the usual return of your investment as you are not the only one investing, it's a big bankroll and a lot of investors investing different amount, you only get a little percent of the pie, as per OP's investment, he only invest 0.049 btc in bustabit, so it would not really generate a lot of return.

For some gamblers, they can't stand with a small profit, hence, they will choose to just gamble as they can increase their money into many folds even in just less than a day, but the risk is really high.

The dividend is reasonable unlike if you invest on more riskier platforms and even if the profit is low for sure OP knows about that yet settled for the result came.

And also OP is happy with the result so its better for him and many people glad that he share is experience,profits and insights about the investing on bustadice.
hero member
Activity: 3094
Merit: 606
BTC to the MOON in 2019
April 28, 2020, 05:53:16 AM
#91
Btw though the profit is really very small according to investment amount, hope will it will Increase in upcoming weeks. Keep it updated that will helps others to think before make any investment in gambling site. 

That's really the usual return of your investment as you are not the only one investing, it's a big bankroll and a lot of investors investing different amount, you only get a little percent of the pie, as per OP's investment, he only invest 0.049 btc in bustabit, so it would not really generate a lot of return.

For some gamblers, they can't stand with a small profit, hence, they will choose to just gamble as they can increase their money into many folds even in just less than a day, but the risk is really high.
hero member
Activity: 1372
Merit: 783
better everyday ♥
April 28, 2020, 05:44:04 AM
#90
Hmmmm tiny profit and high exposure to risk.

I think you have answered my questions here.

Its looking like a different version of the same gamble.

Considering the value of BTC, it is a small profit, but BTC is increasing, real profits are good (in USD) Cheesy We are always at risk when investing in anything, no place can guarantee our everlasting profits. But I don't see anything to say that it is high risky  Huh How did you say it was high risk here? Compared to investing in all other forms, investing in a casino seems safer, as a casino rarely loses money. There are plenty of gamblers burning money there every week there, I believe the risk is low for invester  Wink
legendary
Activity: 2436
Merit: 1189
Need Campaign Manager?PM on telegram @sujonali1819
April 28, 2020, 05:43:43 AM
#89
Really good information are published by Op. To be honest I don't know these sites has some features of investment. It’s will help to thinking me in future about gamble investment.

Btw though the profit is really very small according to investment amount, hope will it will Increase in upcoming weeks. Keep it updated that will helps others to think before make any investment in gambling site. 
hero member
Activity: 3010
Merit: 666
April 28, 2020, 04:39:03 AM
#88
When I looked at the stats of the profit and being converted into PHP and USD.

How was it being calculated?

e.g
0.000543 BTC worth $4 and Php 200.00 right now or I am missing something?

He is computing his btc value from the time he invested versus the current value, and at the same time, btc investors versus total amount of btc in a specific site now..  it's quite complicated but that's OPs style of treating his investment.


If you keep that in the long run.
You wouldn't need to calculate how much you're profit. Casino's house always win and being on their side is good.

If that so, then OP does not need to experiment anymore, the periodic update is just to make us aware of its timely status.
asu
legendary
Activity: 1302
Merit: 1136
April 28, 2020, 03:18:25 AM
#87
When I looked at the stats of the profit and being converted into PHP and USD.

How was it being calculated?

e.g
0.000543 BTC worth $4 and Php 200.00 right now or I am missing something?

If you keep that in the long run.
You wouldn't need to calculate how much you're profit. Casino's house always win and being on their side is good.
hero member
Activity: 2856
Merit: 667
April 28, 2020, 02:43:40 AM
#86
That is just for Bustadice, I have a 2 investment and the total profit in BTC is: 0.001025‬BTC Wink you can see it at the spreadsheet LOL 

For an investment total of 0.099 btc , you get an income of 0.001025‬ btc, that means you already grow your investment by 1% in just 3 weeks, not bad at all because if you will put your money in the bank, you'll not gonna earn 1% interest per month, here there's also a chance that bitcoin will also grow its value in the long run, hence, you will be getting both increase in number of btc and its value.
legendary
Activity: 2702
Merit: 2053
Free spirit
April 28, 2020, 02:34:22 AM
#85
Hmmmm tiny profit and high exposure to risk.

I think you have answered my questions here.

Its looking like a different version of the same gamble.
full member
Activity: 1190
Merit: 117
April 28, 2020, 02:24:28 AM
#84
Very good information, I just focused on playing gambling. After seeing the gambling investment review that you made, I also became
curious to try investing in gambling sites. I will try to study it first, so that I can understand more about gambling investment. But this
gambling investment still sounds new to me, so I if investment will not use large capital first. Hopefully it is profitable as seen in the
opening post.
legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
April 28, 2020, 01:58:20 AM
#83
Great job, though the profit is just small but at least you are in profit mate.

If we will compute your profit which is BTC: 0.00037582 to the current price now per http://preev.com/... that will be 2.904 usd or 147.1 pesos only in Philippine currency.. Not much, but I expect it will compound in the long run, we can't just control the price of bitcoin as it's very volatile.
That is just for Bustadice, I have a 2 investment and the total profit in BTC is: 0.001025‬BTC Wink you can see it at the spreadsheet LOL 

Just like what I said earlier, it's a combination of long term holding of BTC and the profit which I acquire on investing in a gambling site. So my total profit since I invested is: 108USD / 5,617‬PHP   Wink
hero member
Activity: 2716
Merit: 904
April 28, 2020, 01:48:58 AM
#82
Great job, though the profit is just small but at least you are in profit mate.

If we will compute your profit which is BTC: 0.00037582 to the current price now per http://preev.com/... that will be 2.904 usd or 147.1 pesos only in Philippine currency.. Not much, but I expect it will compound in the long run, we can't just control the price of bitcoin as it's very volatile.
legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
April 28, 2020, 12:55:52 AM
#81
So here's my update for week3!!

This is the update for bustadice:

This is my total profit for:
BTC: 0.00037582
USD: 46.17
PHP: 2,409



This is the update for Yolodice:

This is my total profit for:
BTC: 0.00065025
USD: 61.84
PHP: 3,208



Here's the spreadsheet:



The profit this week is really small, but BTC price is going up so there's a profit for that too!
This is a combination of long term holding of BTC and profit for investing in gambling sites,

What are your thoughts this week?  Grin
legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
April 23, 2020, 07:39:49 AM
#80
The profit is very small, but I am considering it doing for longterm so I think It's all good for now.
I will at least observe the movement for months and consider if I am gonna continue it or not.
[/center]
LoL  Grin Grin At first glance, I was surprised by the profit value in USD, but when I look carefully, the basic profit in BTC is very small, less than 0.5%. Soaring BTC has made your profits somewhat strong  Grin I expect a better profit, 1% a week is good enough for compounding  Cheesy compound interest is something really big compared to regular profits, I'm waiting 1% for your next week  Cheesy I will invest immediately if it is 1%  Tongue

Any increase or decrease in USD should not even be considered at all. That increase or decrease does not say anything about whether the investment is gaining or losing. The man is investing in BTC, the profit or loss should also be measured in BTC. It is totally silly to check on the USD value when you are investing in BTC. You are like the fake traders wearing wide smiles on their faces because their USD value is rising real fast when in fact the market is just bullish.
I am investing for money so USD value should be greatly consider, Investing is to earn money so I think, both bitcoin and USD value should be consider in this thread.

I guess computing the profit in BTC and leaving the usd computation would give an accurate answer of this experiment.
The thing is, the price of bitcoin is not relevant to the gambling sites performance, so in order to simplify, I'd like to give that as a suggestion.

I put both of the profit/loss in bitcoin and USD here in the thread, for more data. I am okay to your suggestion but, I am investing for money so putting both will be okay  Smiley
hero member
Activity: 3094
Merit: 606
BTC to the MOON in 2019
April 21, 2020, 03:49:46 AM
#79
I guess computing the profit in BTC and leaving the usd computation would give an accurate answer of this experiment.
The thing is, the price of bitcoin is not relevant to the gambling sites performance, so in order to simplify, I'd like to give that as a suggestion.
full member
Activity: 2520
Merit: 214
Eloncoin.org - Mars, here we come!
April 21, 2020, 03:21:07 AM
#78

From here we will be able to understand the risk and all those potentials, hoping that OP will give some light in regards to this information. Knowing that most the readers and followers are interested with the benefits that potentially can be gained once you decide to invest inside the casino bankroll. giving some good basis and ideas to estimate both time and fund for starting this kind of venture.

Definitely worth keeping an eye on it. Potential investment profit is almost the first question that every investor has in mind with, of course, the security of his investment.
I'm watching this ...

same here since Op is extending His hands to update the thread so every single person who is interested following Footsteps is one great ideas.

i have seen one in the past but Op suddenly stopped and now here we have constant update then i think this will let me start investing in gambling at last.
hero member
Activity: 2072
Merit: 542
DGbet.fun - Crypto Sportsbook
April 20, 2020, 04:31:54 PM
#77
The profit is very small, but I am considering it doing for longterm so I think It's all good for now.
I will at least observe the movement for months and consider if I am gonna continue it or not.
[/center]
~snip~
Yeah haha, the actual profit in BTC is really small, I check it sometimes last week and the BTC profit is quite changing,sometimes my profit at Yolodice is increasing and reach 50ksats-60ksats and I am surprised that it dumps today. But still, profit is profit haha, I will just keep my investment there as long as I didn't need a money.

In bustadice it's stable, the profit is slow but the dumping of profit is slow too, I think it's because I have more percentage of share at Yolodice, I am still waiting for yolodice to open their dilution fee cause it another factor of earning there as a bankroll investor  Grin

I can see in your post ^^ that you are now gaining profit with your investment bro, could you conclude not that indeed this kind of investment is profitable? Even if it is small but still it's a profit and in the long run it could accumulate. i'm getting interested on this one, your tips will surely push me to invest on this kind of business  Smiley.
hero member
Activity: 1372
Merit: 783
better everyday ♥
April 20, 2020, 10:37:15 AM
#76
Im sorry you are right and it is comparing 2 different timescales, that 4% interest on any balance (above a threshold) is spread over a year so my mistake to compare them for sure. Your weekly % should compound nicely?
As I said above, I would invest if the profit was 1% per week, and it would be very beneficial when it was compound interest. Of course, the higher the profit rate, the better.
Any increase or decrease in USD should not even be considered at all. That increase or decrease does not say anything about whether the investment is gaining or losing. The man is investing in BTC, the profit or loss should also be measured in BTC. It is totally silly to check on the USD value when you are investing in BTC. You are like the fake traders wearing wide smiles on their faces because their USD value is rising real fast when in fact the market is just bullish.
Don't say such silly things, once you calculate the return on investment, it should be considered in all respects. You cannot just consider profits from Bitcoin. I can give an example, you invest 0.05 Bitcoin when it is at $ 10,000/BTC, then you profit 10% per month according to BTC, but at the same time, Bitcoin also plummeted 11% per month. So what are your results? You are at a loss. An investor, a trader should consider all aspects when investing, blindly holding Bitcoin is not really a good idea.
sr. member
Activity: 1022
Merit: 256
April 20, 2020, 04:12:52 AM
#75
The profit is very small, but I am considering it doing for longterm so I think It's all good for now.
I will at least observe the movement for months and consider if I am gonna continue it or not.
[/center]
LoL  Grin Grin At first glance, I was surprised by the profit value in USD, but when I look carefully, the basic profit in BTC is very small, less than 0.5%. Soaring BTC has made your profits somewhat strong  Grin I expect a better profit, 1% a week is good enough for compounding  Cheesy compound interest is something really big compared to regular profits, I'm waiting 1% for your next week  Cheesy I will invest immediately if it is 1%  Tongue

Any increase or decrease in USD should not even be considered at all. That increase or decrease does not say anything about whether the investment is gaining or losing. The man is investing in BTC, the profit or loss should also be measured in BTC. It is totally silly to check on the USD value when you are investing in BTC. You are like the fake traders wearing wide smiles on their faces because their USD value is rising real fast when in fact the market is just bullish.
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