Snipie's gambling investment test - page 13.

Tytanowy Janusz

legendary

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Quote from: snipie on July 28, 2020, 12:25:09 PM

So since tomorrow I am gonna update the table normally, I will not edit it to add that surprises. My investment went from ~ -50k satoshi to +54k satoshi since a guy lost around 22 BTC in just 1 hour! See those photos!

Gratz! I guess that he was also a reason for last 6 weeks in red. I have a filling that he was doing some sort of martingale system. That's why despite statistic advantage casino was loosing week after week pushing you into loses unless whale hit killing strike and whipe himself out.

carlfebz2

hero member

Activity: 2926

Merit: 722

DGbet.fun - Crypto Sportsbook

After how many weeks of reds and now it is already on green.Its good to look at and hopefully this would continue.

Week 8
29/07/2020 || - - - - - - - - - - || +0.00052204 BTC || +5.77 $ || 0.01282204 BTC || 0.005228% || +4.2442 %

When markets price tends to rise up then it do really give out significant impact. Cool

freedomgo

legendary

Activity: 3248

Merit: 1160

Playbet.io - Crypto Casino and Sportsbook

Quote from: snipie on July 29, 2020, 04:45:13 PM

Quote from: Ziskinberg on July 29, 2020, 04:27:55 PM

Congratulations to you OP, hope this win will continue, great timing, bitcoin is bullish, so that should result to bigger exchange rate.

Thanks

Sweet moments, unless I determined to keep this topic updated for quite long period, I would grab my profit right now and reconsider my strategy. Maybe a bigger amount could be better or try another coin for a long period.

That's a good decision, you can re invest anytime but this moment is hard to pass as bitcoin could possibly sink again if it will fail to break solid resistance going uptrend, good luck on your decision, hopefully you will resume investing again at the right moment.

snipie

legendary

Activity: 3178

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Quote from: Ziskinberg on July 29, 2020, 04:27:55 PM

Congratulations to you OP, hope this win will continue, great timing, bitcoin is bullish, so that should result to bigger exchange rate.

Thanks

Sweet moments, unless I determined to keep this topic updated for quite long period, I would grab my profit right now and reconsider my strategy. Maybe a bigger amount could be better or try another coin for a long period.

Ziskinberg

hero member

Activity: 3010

Merit: 666

Quote from: glowing10 on July 29, 2020, 01:34:41 AM

The above pic does makes all the investors happy because those who had being running in loses because last time person won big changed the statistics for all and this time somebody had lost 20+ btc and resulted in some relief for the investors to see their either loses turned to profits or their profits rose yesterday.

That's the life of an investors, happy when gamblers lose, sad when gamblers hit big win.
As what i have seen previously, your investment wasn't profitable because some whales keep winning, but this time has come that the house got its revenge.

Congratulations to you OP, hope this win will continue, great timing, bitcoin is bullish, so that should result to bigger exchange rate.

snipie

legendary

Activity: 3178

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Quote from: erikoy on July 29, 2020, 08:57:17 AM

I think there could be like a manipulation in the betting wins and losses? I do believe that it could it could be configure in the computer so that team could play and win. So investment here is not really a good idea and they just trying to get your money in a legal way. If I were you guys just join a gambling platform that does not make any investment. You should not trust your money to them. See now the result. It seema they had too much profit now in betting aftee configurations.

You are free to think about anything.
Seeing the data, the actual BTC invested in Yolodice are 413.60472014. The investors part of it is 245.27077600 BTC which is 59.3% of the household.
For LTC the actual amount is 9,106.43523223 in which investors hold 8,492.21312125 LTC (93.2%).
For Doge the actual amount is 111,479,004.98496436 in which investors hold 72,450,501.64360307 DOGE (65%).
So theoretical, players are playing vs each others and the house is winning especially in LTC then in doge and BTC.
If a player lost 10 LTC then investors will split 5 LTC (not exactly, just an example) between each others and the house will keep 5 LTC for itself. Now if a guy won 10 LTC then the important part of it will be taken from investors 9 LTC normally while the house will just lose 1 LTC. Correct me if I am wrong.
In Yolodice, with BTC during the previous weeks, investors lost much because some players were winning a decent amounts, now when this guy lost around 22 BTC, my part as an investor holding around 0.005228% of the house share was around 100k satoshi.

erikoy

full member

Activity: 686

Merit: 125

Quote from: KTChampions on July 24, 2020, 05:46:12 AM

Hmmm... so much red in investment report. How is this possible? It turns out that players gain more than they lose during this couple of months? But this is a huge distance and a huge number of bets, they should be in the red. I think this is suspicious (or am I mistaken in something and do not take into account some nuances?)

I think there could be like a manipulation in the betting wins and losses? I do believe that it could it could be configure in the computer so that team could play and win. So investment here is not really a good idea and they just trying to get your money in a legal way. If I were you guys just join a gambling platform that does not make any investment. You should not trust your money to them. See now the result. It seema they had too much profit now in betting aftee configurations.

snipie

legendary

Activity: 3178

Merit: 1140

#SWGT CERTIK Audited

Table updated.
Finally seeing a green light in the investment after long waiting. As I said above, this profit came after a guy lost around 22 BTC in one hour.

Quote from: xxjumperxx on July 29, 2020, 12:37:19 AM

Congrats that was a huge swing!
-snip-

Thanks and yes, hope that positive trend continues!

glowing10

full member

Activity: 812

Merit: 142

The above pic does makes all the investors happy because those who had being running in loses because last time person won big changed the statistics for all and this time somebody had lost 20+ btc and resulted in some relief for the investors to see their either loses turned to profits or their profits rose yesterday.

xxjumperxx

sr. member

Activity: 574

Merit: 272

Buy Bitcoin!

Congrats that was a huge swing!
Lets hope the run continues and more people lose Cheesy

Thats what I mean, a single run or a single player can influence the investment and thats why its important to be in it for the long run to catch big players like this... of course it could have gone the other way and he could have won, but the house edge should make sure youre always ahead in odds.

snipie

legendary

Activity: 3178

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So since tomorrow I am gonna update the table normally, I will not edit it to add that surprises. My investment went from ~ -50k satoshi to +54k satoshi since a guy lost around 22 BTC in just 1 hour! See those photos!

wxa7115

hero member

Activity: 2814

Merit: 734

Bitcoin is GOD

Quote from: xxjumperxx on July 22, 2020, 12:17:56 AM

Quote from: ?? on ??

This is good news for all the investors as this week has help them to reduce the losses compared to previous week. But still it looks like this will take some time unless a big whale loss in between which can help you to come into positive returns in coming time.

There will always be whales coming in and all it needs is a bit of luck on the investors side! Cheesy

As snipie said there was also a rise in the Bankroll, so the trust is there and some big investors see a potential rise in their investment!

Even if the casino has the house edge over any player things get a little bit different when it comes to whales, if the gambling style of the whale is just to make a few but huge bets then you will need luck on your sides as a investor on the bankroll of the casino, and this is because the longer a player gambles under the house edge the more certain is his defeat and the fact he will lose money but if a whale bets big money in a few bets the law of large numbers does not have time to become effective and the variance in the results can be enormous.

The majority of those scenarios could still benefit the casino but there are also many scenarios where the whale could earn a small fortune affecting investors in the process.

btc78

full member

Activity: 2520

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Eloncoin.org - Mars, here we come!

Quote from: snipie on July 24, 2020, 06:05:02 PM

Quote from: KTChampions on July 24, 2020, 04:31:38 PM

Thank you for your explanations, I will try to study the history in more detail and I will follow your topic (as I already follow Yatsan's topic), I hope you will come out in profit.
Initially, I became interested in such topics as I was considering the possibilities of such investments, but I confess I did not find the time to look into this with all details.

Thanks

I was just like you, trying to learn more about those things until I found Yatsan topic and tried to see what will happen when I join.

Yeah what Yatsan's legacy is now spreading the whole forum,it is inspiring that there are other place here to make profit,in past it is buying crypto and playing gambling is what we know but now there are many offers gambling sites that can be possible to earn at least passive income.

Quote

In fact I learned more, was a little bit disappointed since I thought my profit will be decent and especially green all the time and obviously it turned to be inaccurate.

This is the problem if we will always expect good profit specially being starter,just let the process go and accept what the system gives you and besides you surely invest what you can afford to lose right?

Quote

I believe I submitted throughout this topic what I noticed especially in the first days. The essential part invest what you afford to lose Wink

Let us try on our own mate and lets see what will happen,and besides every details has been given by OP here.

Reid

hero member

Activity: 3052

Merit: 651

Quote from: Tytanowy Janusz on July 24, 2020, 05:02:08 AM

Profit = TW * HE * 0.5 * YI / TI

TW - total wager from all gamlbers
HE - house edge
YI - your investment
TI - total invested by all investors

Once again, thank you for the deep explanation. It really cleared everything. (Sorry mate, my Smerits is depleted, I owe you some for your help)
Looking at the Doge investment structure, it's above 10 percent profit for most of the listed there.
The only negative I saw was 2 days ago. Maybe someone won a large amount.
I have a decision now. Wink

Quote from: snipie on July 24, 2020, 06:05:02 PM

I was just like you, trying to learn more about those things until I found Yatsan topic and tried to see what will happen when I join.
In fact I learned more, was a little bit disappointed since I thought my profit will be decent and especially green all the time and obviously it turned to be inaccurate.
I believe I submitted throughout this topic what I noticed especially in the first days. The essential part invest what you afford to lose Wink

Yeah, it's like passing the torch.
I learned thru snipie and Yatsan too. A lot.
It's spreading like a wildfire. Grin

snipie

legendary

Activity: 3178

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Quote from: KTChampions on July 24, 2020, 04:31:38 PM

Thank you for your explanations, I will try to study the history in more detail and I will follow your topic (as I already follow Yatsan's topic), I hope you will come out in profit.
Initially, I became interested in such topics as I was considering the possibilities of such investments, but I confess I did not find the time to look into this with all details.

Thanks

I was just like you, trying to learn more about those things until I found Yatsan topic and tried to see what will happen when I join.
In fact I learned more, was a little bit disappointed since I thought my profit will be decent and especially green all the time and obviously it turned to be inaccurate.
I believe I submitted throughout this topic what I noticed especially in the first days. The essential part invest what you afford to lose Wink

KTChampions

legendary

Activity: 2478

Merit: 1951

Leading Crypto Sports Betting & Casino Platform

Quote from: snipie on July 24, 2020, 08:47:38 AM

Quote from: KTChampions on July 24, 2020, 05:46:12 AM

Hmmm... so much red in investment report. How is this possible? It turns out that players gain more than they lose during this couple of months? But this is a huge distance and a huge number of bets, they should be in the red. I think this is suspicious (or am I mistaken in something and do not take into account some nuances?)

Nah I doubt about anything suspicious, especially if you want to attract more people to invest you have to show them that there is a decent profit behind that.
I was connecting there when I witnessed some whales grabbing a good BTC profit and driving my investment down. I was there also when I was following a guy betting in LTC, making my profit jump rapidly from red to green to red, waited until he lost enough to get my money back with few profit, you can find my post with a picture of my previous LTC investment on it a few pages back.

Thank you for your explanations, I will try to study the history in more detail and I will follow your topic (as I already follow Yatsan's topic), I hope you will come out in profit.
Initially, I became interested in such topics as I was considering the possibilities of such investments, but I confess I did not find the time to look into this with all details.

snipie

legendary

Activity: 3178

Merit: 1140

#SWGT CERTIK Audited

Quote from: KTChampions on July 24, 2020, 05:46:12 AM

Hmmm... so much red in investment report. How is this possible? It turns out that players gain more than they lose during this couple of months? But this is a huge distance and a huge number of bets, they should be in the red. I think this is suspicious (or am I mistaken in something and do not take into account some nuances?)

Nah I doubt about anything suspicious, especially if you want to attract more people to invest you have to show them that there is a decent profit behind that.
I was connecting there when I witnessed some whales grabbing a good BTC profit and driving my investment down. I was there also when I was following a guy betting in LTC, making my profit jump rapidly from red to green to red, waited until he lost enough to get my money back with few profit, you can find my post with a picture of my previous LTC investment on it a few pages back.

KTChampions

legendary

Activity: 2478

Merit: 1951

Leading Crypto Sports Betting & Casino Platform

Hmmm... so much red in investment report. How is this possible? It turns out that players gain more than they lose during this couple of months? But this is a huge distance and a huge number of bets, they should be in the red. I think this is suspicious (or am I mistaken in something and do not take into account some nuances?)

Tytanowy Janusz

legendary

Activity: 2156

Merit: 1622

Quote from: Reid on July 24, 2020, 04:34:05 AM

So it's really Doge which is winning.
Perhaps because of the cheap price? Which means you can own a large quantity.

I posted % so quantity does not matter (so price does not matter too). Doge yields good return (compared to other coins) because it is considered as fun-coin or shitcoin so not many whales wants to hold it (you need to hodl a coin to use it as bankroll investment) and on the other hand it is one of the most popular faucet coins. DOGE is also the best coin to test various gambling systems (min bet on DOGE is 3 mln times smaller than min BTC bet). Because of that there is lack of doge investors and quite decent wager volume from gamblers (that have their doges mostly for free from various activities).

And to makes things clear your income is based on this formula:

Profit = TW * HE * 0.5 * YI / TI

TW - total wager from all gamlbers
HE - house edge
YI - your investment
TI - total invested by all investors

Reid

hero member

Activity: 3052

Merit: 651

Quote from: Tytanowy Janusz on July 24, 2020, 03:38:37 AM

Take into account the currency risk (BTC is like a stable coin compared to DOGE) and small sample error (DOGE is after big whale loosing a lot while BTC is after big whale winning a lot) and you have your investment analysis ready.

Oh! Thanks for the reminder.
I forgot about the price fluctuation of Doge. I should have also considered that.

Quote from: Tytanowy Janusz on July 24, 2020, 03:38:37 AM

You can calculate estimated ROI based on current investors performance - yolodice share this data - https://yolodice.com/#stats/investor

DOGE estimated ROI based on 7 months investment - 186% per 7 months = 16,25% monthly = 500% profit annulay
ETH estimated ROI based on 7 months investment - 36% per 7 months = 4,5% monthly = 69% profit annulay
LTC estimated ROI based on 7 months investment - 72% per 7 months = 8,1% monthly = 154% profit annulay
BTC estimated ROI based on 7 months investment - 72% per 7 months = 1,0% monthly = 13% profit annulay

So it's really Doge which is winning.
Perhaps because of the cheap price? Which means you can own a large quantity.
My instincts could be telling me that I will be doing the right thing.
Yeah, thank you for explaining it thoroughly.
I haven't gone thru that stats of Yolodice for investment, or if I dd, I may have not understand it pretty well before. Grin

Sorry I am still new to this.

Topic: Snipie's gambling investment test - page 13. (Read 6455 times)