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Topic: Snipie's gambling investment test - page 16. (Read 6455 times)

sr. member
Activity: 574
Merit: 272
Buy Bitcoin!
July 13, 2020, 05:50:20 AM

But we don't know when the negative profit will be change into green, and if the green comes, maybe you don't have to wait for a long time to close the investment. By closing the investment, no matter if the profit is small, you still get the profit, but if you wait for more, there is no guarantee that the green will stay there.

Thats why its still considered gambling.  Wink
But youre on the side of the house when investing.
legendary
Activity: 3178
Merit: 1140
#SWGT CERTIK Audited
July 13, 2020, 05:02:01 AM
Just simplify everything when investing, just consider that it's just a cycle but in the long run it's always the house who will win.
Whether they are greedy or discipline, or they are lucky or not, what matters is the house edge that the casino has, so that negative profit is not gonna stay forever.

This.
In the long run the House Edge will favor the House and the house will always end up in profit.
Of course there will be ups and downs, but due to the Edge the House and us investors will win.
Its just a matter of time and patience and having a BR big enough to cope with the losses.
In the short run (weeks) we faced loss after loss as you can see in the table. In the medium range (months), at the beginning at least there isn't clear signs of improvement but it is still early to judge. In the long run, charts in the site are showing profits for earlier investors. We will keep monitoring the situation and we will see  Wink
sr. member
Activity: 574
Merit: 272
Buy Bitcoin!
July 13, 2020, 04:54:47 AM
Just simplify everything when investing, just consider that it's just a cycle but in the long run it's always the house who will win.
Whether they are greedy or discipline, or they are lucky or not, what matters is the house edge that the casino has, so that negative profit is not gonna stay forever.

This.
In the long run the House Edge will favor the House and the house will always end up in profit.
Of course there will be ups and downs, but due to the Edge the House and us investors will win.
Its just a matter of time and patience and having a BR big enough to cope with the losses.
hero member
Activity: 2940
Merit: 613
Winding down.
July 13, 2020, 01:43:05 AM
Just checked mine. Yeah, it doubled in red.   Undecided
Lucky winner.
I am at −0.00096167 now and I think this will be more difficult to go back to green.
Sad for other investors who have a higher portion. I hope we could get it all back even if it takes time.  Wink

All you have to hope is that the lucky winner comes back and plays again. Cheesy
No seriously, the players normally come back feeling lucky, play again, chase and lose.



This could be true because greed is something which brings back people to play and make more money. And if person who had won it cannot control the emotions would come back to play and now possibly with bigger amount as has got big profits and try the luck. Seeing many investors have lost all their profits and now sitting on loses. It will recover but may just need to have patience form now on.


Just simplify everything when investing, just consider that it's just a cycle but in the long run it's always the house who will win.
Whether they are greedy or discipline, or they are lucky or not, what matters is the house edge that the casino has, so that negative profit is not gonna stay forever.
hero member
Activity: 1218
Merit: 557
July 13, 2020, 12:46:03 AM
Just checked mine. Yeah, it doubled in red.   Undecided
Lucky winner.
I am at −0.00096167 now and I think this will be more difficult to go back to green.
Sad for other investors who have a higher portion. I hope we could get it all back even if it takes time.  Wink

All you have to hope is that the lucky winner comes back and plays again. Cheesy
No seriously, the players normally come back feeling lucky, play again, chase and lose.



This could be true because greed is something which brings back people to play and make more money. And if person who had won it cannot control the emotions would come back to play and now possibly with bigger amount as has got big profits and try the luck. Seeing many investors have lost all their profits and now sitting on loses. It will recover but may just need to have patience form now on.
sr. member
Activity: 574
Merit: 272
Buy Bitcoin!
July 13, 2020, 12:20:34 AM
Just checked mine. Yeah, it doubled in red.   Undecided
Lucky winner.
I am at −0.00096167 now and I think this will be more difficult to go back to green.
Sad for other investors who have a higher portion. I hope we could get it all back even if it takes time.  Wink

All you have to hope is that the lucky winner comes back and plays again. Cheesy
No seriously, the players normally come back feeling lucky, play again, chase and lose.

hero member
Activity: 3052
Merit: 651
July 12, 2020, 10:27:54 AM
Just checked mine. Yeah, it doubled in red.   Undecided
Lucky winner.
I am at −0.00096167 now and I think this will be more difficult to go back to green.
Sad for other investors who have a higher portion. I hope we could get it all back even if it takes time.  Wink
legendary
Activity: 3178
Merit: 1140
#SWGT CERTIK Audited
July 11, 2020, 06:23:03 AM
This week as well it seems your loses would increase because there was a 2+ btc won ystd by someone and thus for the people with the open position their profits if any would be reduced or turned in losses and for those who are continuing with their investment will just add up more losses to it. This is how the gambling investment works. Hope the site make some profits which will happen eventually and will be big relief for the investors.
Yeah actually my losses just multiplied by 2 yesterday and I was connecting when a user won those BTC. I think I will update the table again this week...
full member
Activity: 812
Merit: 142
July 11, 2020, 01:43:23 AM
This week as well it seems your loses would increase because there was a 2+ btc won ystd by someone and thus for the people with the open position their profits if any would be reduced or turned in losses and for those who are continuing with their investment will just add up more losses to it. This is how the gambling investment works. Hope the site make some profits which will happen eventually and will be big relief for the investors.
legendary
Activity: 3178
Merit: 1140
#SWGT CERTIK Audited
July 10, 2020, 09:00:35 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.
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
hero member
Activity: 3052
Merit: 651
July 10, 2020, 12:48:36 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.
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
hero member
Activity: 3010
Merit: 666
July 10, 2020, 12:47:27 AM
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.
sr. member
Activity: 574
Merit: 272
Buy Bitcoin!
July 10, 2020, 12:24:27 AM
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...
hero member
Activity: 3010
Merit: 666
July 10, 2020, 12:05:24 AM
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.
legendary
Activity: 2030
Merit: 1189
July 09, 2020, 07:24:56 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. 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.
legendary
Activity: 3080
Merit: 1292
Hhampuz for Campaign management
July 09, 2020, 06:10:15 PM
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.

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.
legendary
Activity: 3178
Merit: 1140
#SWGT CERTIK Audited
July 09, 2020, 10:20:05 AM
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
hero member
Activity: 3052
Merit: 651
July 09, 2020, 08:42:58 AM
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.

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.
legendary
Activity: 2576
Merit: 1043
Need A Campaign Manager? | Contact Little_Mouse
July 09, 2020, 08:37:36 AM
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.
full member
Activity: 924
Merit: 221
July 09, 2020, 07:35:43 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
Even in the bonuses game I was n1 in the first days then 38 now. No luck  Sad

That depends on the luck of the whales, if their turn to lose, you might recover your investment even before one month.
You are negative - 2.1539 % based on your report, it does not hurt you a lot, small lose will not recover big time to recover, you'll be in green light soon.

It just need a little patient and a good market. There is no reason to get worried for a small loss. It is part of learning through experience. This is why OP post is important here for everyone to learn and the goos thingnis that it was beng detailed.

Basing on the data OP had provided that during the first few weeks he/she made some gains. Yet, the following weeks had made lot of losses to which it total to almost 2%. Yet, as what others had mention 2% is just tolerable.I will just keep in touch with this post. I can learn from and OP still had updates from time to time.
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