Topic: Snipie&#039;s gambling investment test - page 16. (Read 6449 times)

Table updated. We are still facing a dip and I don't see signs of a short term growth. I think it will require a month to recover our losses or a whale losing a couple of BTC while betting Undecided

I may try your LTC technique if this red mark will keep on going in weeks to come.
For now, I am trying to monitor how much are LTC bettors.

That technique is useful to save your investment in that moment if you are lucky but when you invest again no one will know if the same dip will occur again or not Undecided

Yeah, I will take that risk for as long as there is no Dilution fee yet.
The downside is having a long list of investment numbers. Grin

Maybe just getting back what I had lost from my BTC investment and gambling will be enough.

How about in Doge? Have you tried doing the same thing?

Damn didn't understand how they did it. My best lucky shot was 28 tho then ~87. The first day was the first, never thought I will be kicked from the table.
They might be playing 50/50 +0.002 ETH with big amount so they can keep rolling hundreds bets... Anyway waiting for the next competition Cheesy

You're playing dice in Ethereum?
We won't get the profits from our investments if you are playing there. Grin

Yeah tried doge investment and pulled up my coins fast with a tiny loss. Doge investment in yolo is very unstable and risky imo, way more than LTC and BTC.
ETH dicing mainly in competition, LTC and BTC sometimes, doge rarely.
Tried doge dice, picked low, got like 10 high... Tried again and again and failed. LTC today was the same, too many consecutive red in 50% chance lol. Bad day Undecided

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Table updated. We are still facing a dip and I don't see signs of a short term growth. I think it will require a month to recover our losses or a whale losing a couple of BTC while betting Undecided

I may try your LTC technique if this red mark will keep on going in weeks to come.
For now, I am trying to monitor how much are LTC bettors.

That technique is useful to save your investment in that moment if you are lucky but when you invest again no one will know if the same dip will occur again or not Undecided

Yeah, I will take that risk for as long as there is no Dilution fee yet.
The downside is having a long list of investment numbers. Grin

Maybe just getting back what I had lost from my BTC investment and gambling will be enough.

How about in Doge? Have you tried doing the same thing?

Quote from: Ziskinberg on July 10, 2020, 01:05:24 AM

Damn didn't understand how they did it. My best lucky shot was 28 tho then ~87. The first day was the first, never thought I will be kicked from the table.
They might be playing 50/50 +0.002 ETH with big amount so they can keep rolling hundreds bets... Anyway waiting for the next competition Cheesy

You're playing dice in Ethereum?
We won't get the profits from our investments if you are playing there. Grin

Ziskinberg

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Quote from: ?? on ??

Quote from: DarkDays on July 09, 2020, 08:24:56 PM

Although there is an increase in number of players at these casinos, I think that the overall revenue has dropped in the last few months, since people are less willing to spend money since they might been laid off at work or have poor job security.

What I know is the opposite, I read somewhere that the revenue of crypto casinos have increase since gamblers are not anymore allowed to gamble in a land based casino, so they have no option but to gamble online and the situation also helped for the crypto casinos to be introduce to them.

There has being an increase in number of people in online casinos because of the lockdown as casinos have being closed. So that benefit will be a huge to the gambling sites as they always have an edge and make money.

I agree with you on your statement, but not on below's statement.

Quote

Also, some of them may quit considering they do not have job, or not getting paid on other hand some of them would be trying their luck to see if they can make some quick money in process so that it can help them financially.

Maybe there are few but it's not substantial enough to contribute to the increase of revenue of the site, most people if they don't have job would prefer not to gamble, only irresponsible people would try their luck when they don't even have a job.

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Quote from: Ziskinberg on July 10, 2020, 01:05:24 AM

Quote from: DarkDays on July 09, 2020, 08:24:56 PM

Although there is an increase in number of players at these casinos, I think that the overall revenue has dropped in the last few months, since people are less willing to spend money since they might been laid off at work or have poor job security.

What I know is the opposite, I read somewhere that the revenue of crypto casinos have increase since gamblers are not anymore allowed to gamble in a land based casino, so they have no option but to gamble online and the situation also helped for the crypto casinos to be introduce to them.

Las Vegas has been opened up, well partly and I think there are still loads of people that know nothing of crypto and play in a local casino. While I do think that more gamblers have joined crypto gambling, I think its just a case of variance that the yolo has been hit by. A whale can come in, get lucky, come back and be lucky again... then come back and lose it all...
Small time gamblers will build up the BR again, but of course it will take a lot longer...

Ziskinberg

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Quote from: DarkDays on July 09, 2020, 08:24:56 PM

Although there is an increase in number of players at these casinos, I think that the overall revenue has dropped in the last few months, since people are less willing to spend money since they might been laid off at work or have poor job security.

What I know is the opposite, I read somewhere that the revenue of crypto casinos have increase since gamblers are not anymore allowed to gamble in a land based casino, so they have no option but to gamble online and the situation also helped for the crypto casinos to be introduce to them.

DarkDays

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Although there is an increase in number of players at these casinos, I think that the overall revenue has dropped in the last few months, since people are less willing to spend money since they might been laid off at work or have poor job security. Because of this, it could simply be that the losses are taking longer to recoup than normally. It shouldn't be possible for a whale to tank the bankroll for a long time unless the game is improperly set up to prevent this, or he gets astronomically lucky.

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Quote from: LogitechMouse on July 09, 2020, 09:37:36 AM

That is why there are little casinos or gambling sites that are ending up with a bankrupt because not all the time gamblers are winning. Gamblers who are winning will just come once and it will took a long time again before another one will win again. Casinos or even gambling sites doesn't ending up in bankrupt because they know that they are winning most of the time. As I said, not everyday is lucky day for the gambler but at the same time not everyday is lucky day for us investors on their site too Cheesy

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I don't believe that's the reason why small casinos got bankrupt.

They know they are a small casinos, therefore they also have small limit compared to big casinos, IMO, the main reason they got bankrupt is because they can't attract a good number of gamblers, hence that would result to a lower revenue while their expenses is still fix, in short, it could be the lack of marketing and a small amount of capital in the business.

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Even in the bonuses game I was n1 in the first days then 38 now. No luck Sad

I think I was at 60+ rank.
I stopped when I become greedy increasing the bet from my winnings. Grin

Those guys out there must be doing it like 24/7 to keep their ranks on top.

Damn didn't understand how they did it. My best lucky shot was 28 tho then ~87. The first day was the first, never thought I will be kicked from the table.
They might be playing 50/50 +0.002 ETH with big amount so they can keep rolling hundreds bets... Anyway waiting for the next competition Cheesy

Table updated. We are still facing a dip and I don't see signs of a short term growth. I think it will require a month to recover our losses or a whale losing a couple of BTC while betting Undecided

I may try your LTC technique if this red mark will keep on going in weeks to come.
For now, I am trying to monitor how much are LTC bettors.

That technique is useful to save your investment in that moment if you are lucky but when you invest again no one will know if the same dip will occur again or not Undecided

Reid

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Even in the bonuses game I was n1 in the first days then 38 now. No luck Sad

I think I was at 60+ rank.
I stopped when I become greedy increasing the bet from my winnings. Grin

Those guys out there must be doing it like 24/7 to keep their ranks on top.

Quote from: Natalim on July 07, 2020, 06:00:54 AM

Table updated. We are still facing a dip and I don't see signs of a short term growth. I think it will require a month to recover our losses or a whale losing a couple of BTC while betting Undecided

I may try your LTC technique if this red mark will keep on going in weeks to come.
For now, I am trying to monitor how much are LTC bettors.

LogitechMouse

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Quote from: LogitechMouse on July 06, 2020, 07:51:40 PM

Quote from: snipie on July 06, 2020, 12:44:52 PM

The negative trends is continuing those days. LTC investment plunged again but also BTC investors continued to lose their funds. Hard days for us investors by lucky whales Sad

I also saw my profits slowly withering away as days go by Cheesy

.

Not affected on it TBH. Like I always said, I've seen crypto going up and down already so this is not new for me Cheesy

. I knew it already that investing in a Gambling site takes time to have some profits. Not all gamblers are losing their money anyway. There will be some who will come out lucky and will get our profits away Cheesy

.

This is correct that not every day will be same and investing in gambling site just like others have the risk and one should be ready to bear those risk. Though it generally does not happen that easily but once a while a lucky whale wins big and thus results into losses for the investors who had invested such sites. Anyways in longer term this will yield you profits its only matter of time.

Try to see it through a bigger picture, if there are casinos out there that got bankrupt because whales hit big time, then it's right to believe that they are a threat, but there's none, because casinos have limits and they know what they are doing, they don't need to win all the time but they will certainly win most of the time.

That is why there are little casinos or gambling sites that are ending up with a bankrupt because not all the time gamblers are winning. Gamblers who are winning will just come once and it will took a long time again before another one will win again. Casinos or even gambling sites doesn't ending up in bankrupt because they know that they are winning most of the time. As I said, not everyday is lucky day for the gambler but at the same time not everyday is lucky day for us investors on their site too Cheesy

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Quote from: stadus on July 09, 2020, 05:38:04 AM