Snipie's gambling investment test - page 11.

mindrust

legendary

Activity: 3276

Merit: 2442

Quote from: snipie on August 12, 2020, 03:19:34 PM

New week, new update of the table.
So far there is a drop of ~20% of our profits comparing to few days ago, when the whale lost around 25 BTC. I think it is related to him gambling with his weekly earnings since he had the first 5 spots so he got around 1 BTC, wagered it and made some profits then disappeared. Don't know if he will come back at some point. We will continue monitoring the table and see Wink

They always comeback. These people are addicted. Right now he is thinking, "I could have made more. I know I could have. Why settle for 1btc? 1btc is nothing. I need 100btc!!!1!" Tongue

snipie

legendary

Activity: 3178

Merit: 1140

#SWGT CERTIK Audited

Updated the table today, didn't pay attention we are in a new week.
There is 2 new things, 1st is a rise in the bankroll share, apparently people get afraid from what happened in LTC and preferred to cash out with a profit, or they were annoyed with the long waiting to see a positive number to close their investments. Not sure which one since I forgot when this rise in the share happened.
The 2nd point is, there is a drop in our profits since some players are doing well lately but also another guy (probably the same whale) returned to claim his money.

xxjumperxx

sr. member

Activity: 574

Merit: 272

Buy Bitcoin!

If he felt lucky betting and making a profit. Im pretty sure he will be back for more! Cheesy

There is alot of movement in the bankroll, I mean pretty big swings. Wink

snipie

legendary

Activity: 3178

Merit: 1140

#SWGT CERTIK Audited

New week, new update of the table.
So far there is a drop of ~20% of our profits comparing to few days ago, when the whale lost around 25 BTC. I think it is related to him gambling with his weekly earnings since he had the first 5 spots so he got around 1 BTC, wagered it and made some profits then disappeared. Don't know if he will come back at some point. We will continue monitoring the table and see Wink

xxjumperxx

sr. member

Activity: 574

Merit: 272

Buy Bitcoin!

Ouch... for him!
Good for all the investors, that sure gave all of you a nice boost!
Lets hope he continues playing and hopefully the luck continues to be on the Sites side!

snipie

legendary

Activity: 3178

Merit: 1140

#SWGT CERTIK Audited

Updated the table again after a huge change in my profit!

Quote from: ?? on ??

-snip-

Quote from: Maus0728 on August 09, 2020, 11:27:28 PM

-snip-

Didn't witness what happened but saw it few hours later yesterday.
It is big losses from him, same guy as the previous time, who has the first 5 spots in BTC weekly. +25 BTC this time and 22 BTC last time... I didn't see him yet but this is very hard to digest!

Maus0728

legendary

Activity: 1904

Merit: 1563

Welp!!

Another whale lost a huge amount of bitcoin. This is good for investors out there!

KTChampions

legendary

Activity: 2478

Merit: 1951

Leading Crypto Sports Betting & Casino Platform

Quote from: snipie on August 07, 2020, 07:19:30 PM

Quote from: KTChampions on August 07, 2020, 06:08:35 PM

As mindrust correctly noted, mathematics works in your favor, so the longer the distance, the more stable your income will be. Therefore, your pessimism should end soon. You have already invested for a period of more than 2 months, I will be very surprised if you do not have a stable tangible profit on a distance of 3 months.

We all agree about the long term which is technically +1 year. However I am aware of 2 pro gamblers picking everyday up to 1 BTC and sometimes more which made the profits lately negative. Of course losing is a possibility but I doubt they will risk 22 BTC again Wink

Why are you taking such a long distance? I think that even within a month such a huge number of bets are made that the casino's advantage should be undeniable. Perhaps your current losses can be explained by the fact that the number of large bets is small and it so happened that they were profitable (for the players), so they outweighed the rest of the small ones.
I'm sure these two players are using something like a martingale (since their profits are almost constant), but one day their strategy will collapse and they will lose everything.

snipie

legendary

Activity: 3178

Merit: 1140

#SWGT CERTIK Audited

Updated the table for the second time this week since as you noticed there is a big change.

Quote from: Tytanowy Janusz on August 08, 2020, 11:22:08 AM

-snip-

Well that is a good strategy. The only problem is a long time crash of a selected coin, which is hard to happens with the major cryptocurrencies!

Quote from: Tytanowy Janusz on August 08, 2020, 11:22:08 AM

BTW someone is going crazy on BTC
https://i.imgur.com/5DFuMFm.png

Take a look on "weekly" on the guy holding the top 5 (5 in 1) and all will be clear Wink

Tytanowy Janusz

legendary

Activity: 2156

Merit: 1622

Top-tier crypto casino and sportsbook

Quote from: snipie on August 08, 2020, 05:31:26 AM

Interesting suggestion to divide your money between many bankroll but it will take much more time to monitor, unless it is done every few weeks or months maybe + the site is very trustworthy since it can closes at any moment or turn scam of course.

I think that there is nothing to monitor. All short term movements are 100% random. My investment is based on strategy:

Buy doge on strong 5y support (~27 sat) and wait for pump
While waiting multiply doge by investing in bankroll
the end

I check my profit only for curiosity but i will not shot it down no matter if i'll see -50% tomorrow or +100%. I wait for good exit point based on doge price.

The only thing that is worth to monitor is to check once per week the reputation section looking for scam accusations against casino that I invested in.

BTW someone is going crazy on BTC

glowing10

full member

Activity: 812

Merit: 142

Quote from: snipie on August 08, 2020, 05:31:26 AM

Quote from: Tytanowy Janusz on August 08, 2020, 02:22:03 AM

-snip-
If bankroll that your money will be part of will be 10x bigger than you will reach less random outcome 10 times faster.

Interesting suggestion to divide your money between many bankroll but it will take much more time to monitor, unless it is done every few weeks or months maybe + the site is very trustworthy since it can closes at any moment or turn scam of course.
Anyway, for the moment my investment in YD is red, I may update the table later.

Last few days it seems investors are not losing out their profits and luck is turning back again to gamblers. This is more like a roller coaster ride where few days we see profits and then it turns profits into losses, and this continues. Nevertheless, the sometime again some gamblers will lose big as well.

snipie

legendary

Activity: 3178

Merit: 1140

#SWGT CERTIK Audited

Quote from: Tytanowy Janusz on August 08, 2020, 02:22:03 AM

-snip-
If bankroll that your money will be part of will be 10x bigger than you will reach less random outcome 10 times faster.

Interesting suggestion to divide your money between many bankroll but it will take much more time to monitor, unless it is done every few weeks or months maybe + the site is very trustworthy since it can closes at any moment or turn scam of course.
Anyway, for the moment my investment in YD is red, I may update the table later.

Tytanowy Janusz

legendary

Activity: 2156

Merit: 1622

Top-tier crypto casino and sportsbook

Quote from: Gyfts on August 07, 2020, 08:10:08 PM

Even then, I have to add the risk of the whales winning money and taking away a chunk of the bank roll. I've barely ever gotten a return investing in bitcoin casinos.

Quote from: snipie on August 07, 2020, 07:19:30 PM

We all agree about the long term which is technically +1 year. However I am aware of 2 pro gamblers picking everyday up to 1 BTC and sometimes more which made the profits lately negative. Of course losing is a possibility but I doubt they will risk 22 BTC again Wink

I see that whale win/loss big extreme event is still a hot topic here so I'll put a suggetion how to reduce their impact on final investment ROI.

The smaller the bankroll is, the greater your exposure to the extreme cases is (outcome from investment is more random). I mean that with infinite amount of bets the probability of you ending on loss in infinite low. So if you want to have the most consistent results even for short term investment (~1 month) you should spread your money between different coins and casinos.

F.e Instead of having 1000$ in yolodice bankroll that is 100 000$ big it is better to have 200$ in 100 000$ bankroll, another 100$ in 50 000$ bankroll f.e. bustadice, 100$ in 30 000$ DOGE etc. That way your 1000 $ is involved in much more bets/day. The closer you are to infinite the closer you are to infinite low probability of loss (i know it is not mathematically correct sentence, but it explains the relationship well enough

)

If bankroll that your money will be part of will be 10x bigger than you will reach less random outcome 10 times faster.

Maus0728

legendary

Activity: 1904

Merit: 1563

Quote from: Gyfts on August 07, 2020, 08:10:08 PM

How often do you find whales losing tons of BTC?

I doubt that you can find any hint whether a whale will be losing or not just by looking at the "Investor Stat". They're unpredictable and there are lots of names playing in YOLOdice that are possible whales.

Quote from: Gyfts on August 07, 2020, 08:10:08 PM

Even then, I have to add the risk of the whales winning money and taking away a chunk of the bank roll. I've barely ever gotten a return investing in bitcoin casinos.

That's the reason why investing is appropriate for long term period

.

Gyfts

legendary

Activity: 2856

Merit: 1519

Quote from: snipie on August 07, 2020, 07:19:30 PM

Quote from: KTChampions on August 07, 2020, 06:08:35 PM

Quote from: snipie on August 07, 2020, 05:13:50 PM

So far so good, 80% of the profit vanished after 10 days lol. I said once that it will take 10-15 days for my profits to turn red again. Red here I come Tongue

https://i.imgur.com/n05wcQ0.jpg

As mindrust correctly noted, mathematics works in your favor, so the longer the distance, the more stable your income will be. Therefore, your pessimism should end soon. You have already invested for a period of more than 2 months, I will be very surprised if you do not have a stable tangible profit on a distance of 3 months.

We all agree about the long term which is technically +1 year. However I am aware of 2 pro gamblers picking everyday up to 1 BTC and sometimes more which made the profits lately negative. Of course losing is a possibility but I doubt they will risk 22 BTC again Wink

How often do you find whales losing tons of BTC? I feel like I'd have to dig around and look at betting logs all day to find whales and most of the time they never come around. Even then, I have to add the risk of the whales winning money and taking away a chunk of the bank roll. I've barely ever gotten a return investing in bitcoin casinos.

snipie

legendary

Activity: 3178

Merit: 1140

#SWGT CERTIK Audited

Quote from: KTChampions on August 07, 2020, 06:08:35 PM

Quote from: snipie on August 07, 2020, 05:13:50 PM

So far so good, 80% of the profit vanished after 10 days lol. I said once that it will take 10-15 days for my profits to turn red again. Red here I come Tongue

https://i.imgur.com/n05wcQ0.jpg

As mindrust correctly noted, mathematics works in your favor, so the longer the distance, the more stable your income will be. Therefore, your pessimism should end soon. You have already invested for a period of more than 2 months, I will be very surprised if you do not have a stable tangible profit on a distance of 3 months.

We all agree about the long term which is technically +1 year. However I am aware of 2 pro gamblers picking everyday up to 1 BTC and sometimes more which made the profits lately negative. Of course losing is a possibility but I doubt they will risk 22 BTC again Wink

KTChampions

legendary

Activity: 2478

Merit: 1951

Leading Crypto Sports Betting & Casino Platform

Quote from: snipie on August 07, 2020, 05:13:50 PM

So far so good, 80% of the profit vanished after 10 days lol. I said once that it will take 10-15 days for my profits to turn red again. Red here I come Tongue

https://i.imgur.com/n05wcQ0.jpg

As mindrust correctly noted, mathematics works in your favor, so the longer the distance, the more stable your income will be. Therefore, your pessimism should end soon. You have already invested for a period of more than 2 months, I will be very surprised if you do not have a stable tangible profit on a distance of 3 months.

snipie

legendary

Activity: 3178

Merit: 1140

#SWGT CERTIK Audited

So far so good, 80% of the profit vanished after 10 days lol. I said once that it will take 10-15 days for my profits to turn red again. Red here I come Tongue

mindrust

legendary

Activity: 3276

Merit: 2442

As long as the house survives you are good. That's what matters in the long run and as long as the house is protected by mathematics (a proper house edge, max bet amount limit etc) it will never go bankrupt. Your only and biggest risk here is your trust in the owner of the casino.

peter0425

sr. member

Activity: 2618

Merit: 439

Quote from: glowing10 on August 07, 2020, 12:08:57 PM

Quote from: snipie on August 07, 2020, 05:39:37 AM

Quote from: Questat on August 07, 2020, 04:42:02 AM

lol, yolodice would not exist until now if they keep losing and they are good with whales.
There are just times that whales won but in the long run, it's still the site who are winning, and that makes investors profitable, hence patience is important.

In fact even in short run you can be profitable, even more in the long run but this need to monitor the site frequently, witness every hype and close the investment whenever the whale loses enough you can get even +5% ROI in few minutes. Well this isn't obvious of course and long term investment remains the best option Wink

Some lucky day when you invest and suddenly whales loses so you make money and exit it and it can occur otherwise as well. But now it seems some whales are lucky and winning some and resulting in losses on your investment in bankrolls. But as you said this is temporary in the long run this all will be covered provided whales loses big time as well.

Vice versa, this investment is for those who are willing to take the long ride.

You never know when the whales will fall and bring decent amount of profits to your shared investments.
same thing with when whales dive in and collects money from the house then quit in a flash, damaging
your initial capital.

Topic: Snipie's gambling investment test - page 11. (Read 6455 times)