GAMBLING SITE INVESTMENT - page 9. | Bitcointalksearch.org

Tytanowy Janusz

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Quote from: johhnyUA on August 14, 2020, 12:42:11 PM

Investment is highly predictable, if you "investing" not giving money to casino or some shitty start ups. The last two is more about gambling when you don't know will you get your money back or not.

Investment in casino bankroll is also highly predictable. I've spend few years on stocks. Seeing insider trading, fake quarter financial reports (corrupt officials let them pass), instant 0 in 1 day when this scam come out. Nothing is 100% zero risk investment.

I estimate exist scam (major risk) at ~10% (casino earns 50% of bankroll in 1 year), 20% if bitcoin will pump to 20k+ (high bitcoin price gives better financial motivation for exit scam, in some cases you are doomed to exit-scam because of high bitcoin price (implementing fractional reserve system before)). So if my investment yields 50% annually than it is good risk/reward ratio.

Oilacris

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Quote from: Distinctin on August 14, 2020, 06:40:52 PM

Quote from: johhnyUA on August 14, 2020, 12:42:11 PM

Quote from: snipie on August 14, 2020, 08:48:19 AM

Investment is unpredictable too and depends from other people dice results. The more they lose the more our profits are better Wink

Investment is highly predictable, if you "investing" not giving money to casino or some shitty start ups. The last two is more about gambling when you don't know will you get your money back or not.

You can get your money back when you have the patience, but you are right when investing in start up casinos as you might get scam or lose because they don't have enough gamblers yet to help them generate the income, and it's so risky as they might just disappear as they have no reputation yet.

Its always been a risk when you do decide to put up investment to those who are just starting but to think that there are successful ones that do have this kind of start-up which
do able to pull and get attention in the market and become big.Lucky for those who do take risk but these are really a hard kind of decision to be made.

When you do throw up some money together with the house then you should consider that those amounts are lost even though you are with the house and do know that
house do always win but you cant be sure on when it would be bankrupt nor go ran away with investors funds.

Distinctin

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Quote from: johhnyUA on August 14, 2020, 12:42:11 PM

Quote from: snipie on August 14, 2020, 08:48:19 AM

Investment is unpredictable too and depends from other people dice results. The more they lose the more our profits are better Wink

Investment is highly predictable, if you "investing" not giving money to casino or some shitty start ups. The last two is more about gambling when you don't know will you get your money back or not.

You can get your money back when you have the patience, but you are right when investing in start up casinos as you might get scam or lose because they don't have enough gamblers yet to help them generate the income, and it's so risky as they might just disappear since they have no reputation yet.

johhnyUA

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Crypto for the Crypto Throne!

Quote from: snipie on August 14, 2020, 08:48:19 AM

Investment is unpredictable too and depends from other people dice results. The more they lose the more our profits are better Wink

Investment is highly predictable, if you "investing" not giving money to casino or some shitty start ups. The last two is more about gambling when you don't know will you get your money back or not.

Tytanowy Janusz

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Quote from: johhnyUA on August 14, 2020, 08:26:05 AM

Damn, man. You're giving money to casino and will get it back with some probability. And with some probability will not. you can't call it "investment". This is TRUE gambling, in fact.

Difference between gambling and investing is that in gambling you can't predict outcome with only input data (in investment you're able to do that). There exists only expected value (EV) of your event.

If investment in casino is not an investment than name 1 investment that is worthy to be called that way. I'm sure that I will laugh 90% of your suggestions.

You can estimate your earning better than in every other investment (half of house edge) and yes... this is investment not gambling. Casino does not gamble. Casino earns on gamblers due to statistic advantage over them (math is a guarantee of your success here) and you earn when casino earn.

It has risks but there is no asset that does not have risks. But as long as you do money management right, risk/reward ratio is ok, position size/wallet size is ok then why not? Is it better to invest in SP500? With average P/E = 20? Or popular DEFI with 0 earnings and butifull story that might work or might not? This is solid investment with great roi. You only need to calculate position size just like with every other investment.

xxjumperxx

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Quote from: ?? on ??

Not everyone can afford to spend a lot of money that's why you can see some people invest their spare money since I believe the huge percentage of their wealth goes to their family. But I agree with you for some matters since its a total waste of time and day for putting a low amount of investment since the return is so small.

I dont see a small investment as a waste of time. I mean, I started off small and continued growing my investment over time....
I set myself an amount that I invest every month to increase my stake slowly...
Money is money,even if the return is small at first.

snipie

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Quote from: johhnyUA on August 14, 2020, 08:26:05 AM

Damn, man. You're giving money to casino and will get it back with some probability. And with some probability will not. you can't call it "investment". This is TRUE gambling, in fact.

Difference between gambling and investing is that in gambling you can't predict outcome with only input data (in investment you're able to do that). There exists only expected value (EV) of your event.

Yeah true. In fact everything related to casino is gambling in a way or another. Investment is unpredictable too and depends from other people dice results. The more they lose the more our profits are better Wink

johhnyUA

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Quote from: Kasabus on August 14, 2020, 02:54:20 AM

Quote from: wildan88 on August 13, 2020, 03:00:49 PM

I was planning of investing in yolodice but doubting if it would be profitable I think still depends on the amount you will be investing and depends if someone will going to lose on the casino right? Well this proves that you can earn good profit in investing to bankroll I think I should invest now.

The amount you are going to invest matters a lot because you only make a small percentage as your profit in average, that is based on OP's experiment. Therefore, if you have bigger capital, that's better, you'll enjoy the return and you can ride longer since you'll be confident casino are still going to be profitable in the long run.

Damn, man. You're giving money to casino and will get it back with some probability. And with some probability will not. you can't call it "investment". This is TRUE gambling, in fact.

Difference between gambling and investing is that in gambling you can't predict outcome with only input data (in investment you're able to do that). There exists only expected value (EV) of your event.

Natalim

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Quote from: LogitechMouse on August 14, 2020, 05:20:38 AM

Invest in Yolodice if you have spare Bitcoin and wait for a long time for it to get some profit. Patience is the key

Not using spare money to invest, I use spare money to gamble.

Investing is a serious matter, we aim to make money because we believe that the site has the advantage to be profitable, so investing a decent amount and not a spare amount is high recommended, that's my opinion only because I believe that any kind of investment opportunity has to be taken seriously.

LogitechMouse

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Quote from: wildan88 on August 13, 2020, 03:00:49 PM

I was planning of investing in yolodice but doubting if it would be profitable I think still depends on the amount you will be investing and depends if someone will going to lose on the casino right? Well this proves that you can earn good profit in investing to bankroll I think I should invest now.

The amount that you will invest will affect the profits you can also get. Lower invest = lower profit and vice versa.
Either way, there is no doubt that Yolodice is one of the trusted gambling sites.
Now if you are doubting with your profit, it will depend on the results of the gamblers. If a whale lost a huge amount then investors will gain huge profit but if a whale got a huge win then it will be the opposite for us.

Invest in Yolodice if you have spare Bitcoin and wait for a long time for it to get some profit. Patience is the key

imstillthebest

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Quote from: Kasabus on August 14, 2020, 02:54:20 AM

Quote from: wildan88 on August 13, 2020, 03:00:49 PM

I was planning of investing in yolodice but doubting if it would be profitable I think still depends on the amount you will be investing and depends if someone will going to lose on the casino right? Well this proves that you can earn good profit in investing to bankroll I think I should invest now.

The amount you are going to invest matters a lot because you only make a small percentage as your profit in average, that is based on OP's experiment. Therefore, if you have bigger capital, that's better, you'll enjoy the return and you can ride longer since you'll be confident casino are still going to be profitable in the long run.

this is true on any kinds of investment not only on this site . its like rich are going to be richier but for poors that can hardly risk a really huge amount , all they can do is to get jelly because they can only earn small most of the times .

i tried investing before but i didnt fell inlove with the process . i got tired seeing small gains so i withdrewed my money . im so suck at investing , urghh

freedomgo

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Playbet.io - Crypto Casino and Sportsbook

Quote from: gulfbitscoin on August 14, 2020, 04:29:38 AM

~snip~

@gulfbitscoin, what's up?

why do you have to quote the entire update of OP?

We can always read that as we have been following this thread from the start.

gulfbitscoin

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Quote from: Yatsan on April 12, 2020, 01:27:07 AM

This topic is related to this: https://bitcointalksearch.org/topic/m.53787780

I just tried the gambling investment and I am going to post here the update's every week or month. I hope you will learn something from here, and decide if it's worth it or not.

yes i also tried

I invested 0.05BTC at bustadice and it diluted the 2% of it, so I have 0.049BTC investment and 0.001BTC loss.

https://i.imgur.com/qYpQdJt.jpg

I also invested at YOLODICE with 0% Dilution fee. I invested 0.05BTC

https://i.imgur.com/dWzyVaN.jpg

Here's a chart that will summarize the update of my investment every week/month.
It includes the price in fiat (PHP and USD)

https://i.imgur.com/IvwvIP7.jpg

I hope you will learn something from here, Thankyou. and Stay safe everyone!!

Please click the updates link to see the progress, I will not update the spreadsheet anymore here. Thankyou! Grin

Kasabus

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Quote from: wildan88 on August 13, 2020, 03:00:49 PM

I was planning of investing in yolodice but doubting if it would be profitable I think still depends on the amount you will be investing and depends if someone will going to lose on the casino right? Well this proves that you can earn good profit in investing to bankroll I think I should invest now.

The amount you are going to invest matters a lot because you only make a small percentage as your profit in average, that is based on OP's experiment. Therefore, if you have bigger capital, that's better, you'll enjoy the return and you can ride longer since you'll be confident casino are still going to be profitable in the long run.

wildan88

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I was planning of investing in yolodice but doubting if it would be profitable I think still depends on the amount you will be investing and depends if someone will going to lose on the casino right? well this proves that you can earn good profit in investing to bankroll I think I should invest now.

Reid

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Quote from: snipie on August 13, 2020, 06:49:23 AM

Thanks.
Until now he didn't show up again. Just the day of the drop he won all the "weekly" prize for BTC since all accounts in the first 5 spots belongs to him. So he played a little apparently, won a good amount and didn't show up again for now at least!

Yeah, and we will feel the shake if he comes back.
Either we go up for another 50-100k satoshis or down. Grin

He may have stayed calm for now. The beast also needs a rest.
5-7k satoshis is the movement I see for 2 days. He may still be in hibernation. Grin

erikoy

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Quote from: reliable on August 13, 2020, 07:41:19 AM

If he is able to control and already won the prize and made money then better would be if can stay away else you never know this greediness can result into heavy loses and also addiction is quite easy so who know by now if already being addicted to it and then might come back again and win/loss will depends upon his luck.

It is because if one gets a win it always wanting more. Based on experience that I won a game in poker. Relatively that was huge and the result I wanted more to win for me to be able to buy things I wanted if I can have more wins. The problem is that other players too would not allow it to happen because they too are hoping to win games or rounds. Despite of some losses made I never stop to gamble until such made some winnings and losses over and over again. I was having so much excitement and fun while playing but in the end the result is clear that if one will not stop playing more often losses comes.

I think it is a life sometimes when one play so hard like betting huge. I have done that already and still now wondering to do next time around betting huge as to win huge and quit playing taking home the wins.

reliable

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If he is able to control and already won the prize and made money then better would be if can stay away else you never know this greediness can result into heavy loses and also addiction is quite easy so who know by now if already being addicted to it and then might come back again and win/loss will depends upon his luck.

snipie

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#SWGT CERTIK Audited

Quote from: Reid on August 12, 2020, 10:42:28 AM

Quote from: snipie on August 10, 2020, 06:53:21 AM

@Yatsan, I recommand to take a look on your investment in Yolodice. It is all time high after the same guy lost another +~25 BTC there yesterday. I am in 9% ROI right now!

So it was 2 days ago already.
I haven't checked it lately since I had been busy every day.

Quote from: snipie on August 11, 2020, 07:40:32 AM

It seems there is a drop in our earnings a little bit compared to yesterday ~ - 23k satoshi which is 1/5 of my profit, although there isn't signs that he is playing to recover his losses like the time before.
We will see Wink

What!

Yeah, that proves I am not updated anymore.
I bet he will be back for his revenge. It will be sweeter if he gets it back in an instant with high amounts. Or not. Cheesy

Anyway, I appreciate how you two updates this thread. Thank you. Keep it up!

Thanks.
Until now he didn't show up again. Just the day of the drop he won all the "weekly" prize for BTC since all accounts in the first 5 spots belongs to him. So he played a little apparently, won a good amount and didn't show up again for now at least!

Natalim

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BTC to the MOON in 2019

Quote from: mezzaluna on August 12, 2020, 11:49:04 AM

I'm really scared to invest on gambling websites but informative posts like this really taught me to be careful before using them.

If you are not afraid to gamble, you should not be afraid to invest in the website as the house always wins.
What you just have to look into consideration is the reputation of the site, if they have a good reputation, then you should trust them to make you profitable. OP have only put 2 gambling sites on his investment demonstration, actually only 1 now, but you can always diversify if you are afraid of taking high risk.

Topic: GAMBLING SITE INVESTMENT - page 9. (Read 6970 times)