Snipie's gambling investment test - page 22.

LogitechMouse

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Quote from: Reid on June 16, 2020, 07:58:41 AM

What is better?
1. Cancel the investment then add more.
2. Just open another line since you can make 20 of them.
Is there even a difference with that?

Right now this is what I see on the website:

Quote

"Dilution fee" remains inactive until further notice.

Right now, you can just cancel your investment and can add more since the Dilution fee is still inactive right now but when this fee became active you can't do this idea anymore since as you put your investment a fee will automatically be deducted in your initial investment.

snipie

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@Maus0728, correct the quoted text please and change my name from it with "Reid" + fix the link. I was puzzled since I don't remember saying the quoted text while it refers me to my previous post lol.

For the moment anyone can withdraw its earning, add more funds and reinvest. This will be less profitable especially after the introduce of the dilution fees in which you will lose 2% of your initial funds and have to wait longer to recover it.

Maus0728

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Quote from: Reid on June 16, 2020, 07:58:41 AM

I am trying to but I don't have the right tools.
Also, I am not that good at making tabular sheets. Grin

I will try to consult my wife for help, I think she is good at it.

Using Excel with formulas on it will do or just create a table in MS Word and manually calculate your Starting BTC to END BTC on weekly basis.This may help you a bit if you struggle putting some formulas on the spreadsheet.

[1] https://digital.com/blog/excel-tutorials/

Quote from: snipie on June 16, 2020, 06:10:02 AM

1. Cancel the investment then add more.

Unfortunately YOLODice still does not accept a top-up option from your open investment and the only thing you can do is to close the investment, add, and then reopen again. The downside of doing this kind of technique is that users will not be able to withdrew only their profit gained in the long run (dividend gain) and maybe the duration of their investment in which they have gained advantage on the house edge will be forfeited.

Quote from: snipie on June 16, 2020, 06:10:02 AM

2. Just open another line since you can make 20 of them.

I think this is much better solution rather than closing your investment. You just still need to be patient enough to make your investment grew in the long run.

Feel free to correct me since I still a newbie on this one.

Reid

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Quote from: Finestream on June 16, 2020, 03:25:52 AM

That's good it will give us a better idea if more will share, since Snipie made its own thread, then maybe if you just wish, you can also make your own as a reference for your journey. Investing is always fun as long as you're contented with the profit you are making, so it's better to be more serious with investing if we have a decent bankroll prepared for it, but for the mean time, we can make an experiment just to test if it's really profitable.

I am trying to but I don't have the right tools.
Also, I am not that good at making tabular sheets. Grin

I will try to consult my wife for help, I think she is good at it.

Quote from: snipie on June 16, 2020, 06:10:02 AM

I have no problem at all. Feel free to do it here or create your own topic

The main point is to share our experience and let other members have an idea how things are going on Wink

Thank you.

Maybe I will ask things here if I ever find one so that others will have an idea of what is happening in our investments.
I actually got one already.

What is better?
1. Cancel the investment then add more.
2. Just open another line since you can make 20 of them.
Is there even a difference with that?

Finestream

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Quote from: shoreno on June 16, 2020, 03:44:04 AM

Quote from: Finestream on June 16, 2020, 03:25:52 AM

Quote from: Reid on June 16, 2020, 02:27:34 AM

Quote from: Finestream on June 15, 2020, 06:35:47 AM

Investing in casinos in order for you to feel the profit in the short run, you need to invest a decent amount, it could be profitable in short-term or long-term because we can't deny that casinos are winning most of the time as games has house edge, however, the decision to stop and re invest depends on your as no matter how profitable you are in percentage but in figure you are not contented yet, you will still keep hoping for more profit which would require you to hold longer.

As what gamblers said, house edge will beat you in the long run, so if you are in the house side, you'll definitely be profitable in the long run.

Just having the idea since the profits are also fluctuating depending on player bets.

I guess the only solution now is pull more players instead of risking to stop and start the investment just to gain small profits.
Yeah, I am trying to put more investment in it.
Will also update it if its okay with Snipie just for preferences. Grin

That's good it will give us a better idea if more will share, since Snipie made its own thread, then maybe if you just wish, you can also make your own as a reference for your journey. Investing is always fun as long as you're contented with the profit you are making, so it's better to be more serious with investing if we have a decent bankroll prepared for it, but for the mean time, we can make an experiment just to test if it's really profitable.

nice to see users here helping each other if how they can maximize thier earning potential on gambling investment . looking forward for more of your business guys , let see if itl became a success and ill try to test it out too . investing to some is not fun but its boring , they arent contentented with the first profits that they get so they quit but if we were serious , we will never do that things , instead we will patiently waiting and keep that small profits because that can still grow huge later on .

That's the best strategy in investing in a casino, you since casino are consistently making profit, your investment will also grow if you will let it sit for a while, the profit you earn will also earn, it's like depositing in a bank when you earn a compounding interest, though investing in a casino is more risky.

snipie

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Quote from: Reid on June 16, 2020, 02:27:34 AM

Quote from: Finestream on June 15, 2020, 06:35:47 AM

Investing in casinos in order for you to feel the profit in the short run, you need to invest a decent amount, it could be profitable in short-term or long-term because we can't deny that casinos are winning most of the time as games has house edge, however, the decision to stop and re invest depends on your as no matter how profitable you are in percentage but in figure you are not contented yet, you will still keep hoping for more profit which would require you to hold longer.

As what gamblers said, house edge will beat you in the long run, so if you are in the house side, you'll definitely be profitable in the long run.

Just having the idea since the profits are also fluctuating depending on player bets.

I guess the only solution now is pull more players instead of risking to stop and start the investment just to gain small profits.
Yeah, I am trying to put more investment in it.
Will also update it if its okay with Snipie just for preferences. Grin

I have no problem at all. Feel free to do it here or create your own topic

The main point is to share our experience and let other members have an idea how things are going on Wink

asu

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Thanks snipie for this another input of investing in gambling casino's bankroll. I've been planning to make bankroll investment as well and this will do help again.

I hope your investment goes very well.

Quote from: LogitechMouse on June 14, 2020, 07:27:53 AM

I just hope that this will continue for a year but I'm not expecting since a single whale can eat all of my profit in an instant, just like what happened in you Wink

.

Yeah, they can, but won't you consider the opposite scenario when the whale got rekt? Your investment will do have some great profit when that comes.

shoreno

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Quote from: Finestream on June 16, 2020, 03:25:52 AM

Quote from: Reid on June 16, 2020, 02:27:34 AM

Quote from: Finestream on June 15, 2020, 06:35:47 AM

Investing in casinos in order for you to feel the profit in the short run, you need to invest a decent amount, it could be profitable in short-term or long-term because we can't deny that casinos are winning most of the time as games has house edge, however, the decision to stop and re invest depends on your as no matter how profitable you are in percentage but in figure you are not contented yet, you will still keep hoping for more profit which would require you to hold longer.

As what gamblers said, house edge will beat you in the long run, so if you are in the house side, you'll definitely be profitable in the long run.

Just having the idea since the profits are also fluctuating depending on player bets.

I guess the only solution now is pull more players instead of risking to stop and start the investment just to gain small profits.
Yeah, I am trying to put more investment in it.
Will also update it if its okay with Snipie just for preferences. Grin

That's good it will give us a better idea if more will share, since Snipie made its own thread, then maybe if you just wish, you can also make your own as a reference for your journey. Investing is always fun as long as you're contented with the profit you are making, so it's better to be more serious with investing if we have a decent bankroll prepared for it, but for the mean time, we can make an experiment just to test if it's really profitable.

nice to see users here helping each other if how they can maximize thier earning potential on gambling investment . looking forward for more of your business guys , let see if itl became a success and ill try to test it out too . investing to some is not fun but its boring , they arent contentented with the first profits that they get so they quit but if we were serious , we will never do that things , instead we will patiently waiting and keep that small profits because that can still grow huge later on .

Finestream

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Merit: 606

Quote from: Reid on June 16, 2020, 02:27:34 AM

Quote from: Finestream on June 15, 2020, 06:35:47 AM

Investing in casinos in order for you to feel the profit in the short run, you need to invest a decent amount, it could be profitable in short-term or long-term because we can't deny that casinos are winning most of the time as games has house edge, however, the decision to stop and re invest depends on your as no matter how profitable you are in percentage but in figure you are not contented yet, you will still keep hoping for more profit which would require you to hold longer.

As what gamblers said, house edge will beat you in the long run, so if you are in the house side, you'll definitely be profitable in the long run.

Just having the idea since the profits are also fluctuating depending on player bets.

I guess the only solution now is pull more players instead of risking to stop and start the investment just to gain small profits.
Yeah, I am trying to put more investment in it.
Will also update it if its okay with Snipie just for preferences. Grin

That's good it will give us a better idea if more will share, since Snipie made its own thread, then maybe if you just wish, you can also make your own as a reference for your journey. Investing is always fun as long as you're contented with the profit you are making, so it's better to be more serious with investing if we have a decent bankroll prepared for it, but for the mean time, we can make an experiment just to test if it's really profitable.

Reid

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Quote from: Finestream on June 15, 2020, 06:35:47 AM

Investing in casinos in order for you to feel the profit in the short run, you need to invest a decent amount, it could be profitable in short-term or long-term because we can't deny that casinos are winning most of the time as games has house edge, however, the decision to stop and re invest depends on your as no matter how profitable you are in percentage but in figure you are not contented yet, you will still keep hoping for more profit which would require you to hold longer.

As what gamblers said, house edge will beat you in the long run, so if you are in the house side, you'll definitely be profitable in the long run.

Just having the idea since the profits are also fluctuating depending on player bets.

I guess the only solution now is pull more players instead of risking to stop and start the investment just to gain small profits.
Yeah, I am trying to put more investment in it.
Will also update it if its okay with Snipie just for preferences. Grin

snipie

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Quote from: MCobian on June 15, 2020, 05:37:58 AM

Thanks Snipie for the explanation of gambling investment in yolodice, this adds to my knowledge. I also intend to invest in the near future
on gambling sites. But still comparing which one is better, I hope you continue to provide updates about your investment in Yolodice. I am
curious about how much capital 0.0123 BTC can generate profit for one month.

I don't expect much profit especially after a month or two with my basic investment but it is interesting to know how things will evolve Wink

Finestream

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Quote from: Reid on June 15, 2020, 06:15:10 AM

Quote from: Maus0728 on June 15, 2020, 05:07:40 AM

Quote from: leea-1334 on June 15, 2020, 04:48:38 AM

I did not keep my statistics, and every week or 2 weeks I have a very bad habit. When I see my investment is down, I divest and gamble till it is back to original deposit, then reinvest again.

I never thought this kind of investing technique but will it not affect your investment because the duration of your shares in bankroll will go back to zero? thus, your ROI will also reset as compared when you let your investment opened though you are taking a loss? Huh

I have been thinking about the same thing.
It is because of the fluctuation in profits.
Last week my profit was 20k and then it went back to 17k sats. Is it possible to do a stop and start investment?
Will it still be profitable in short runs?
Or is it just the longer you invest the better?
Perhaps leea-1334 could answer us since he/she already tried to stop it and start again.

Edit: Now I am at 15k sats.

Investing in casinos in order for you to feel the profit in the short run, you need to invest a decent amount, it could be profitable in short-term or long-term because we can't deny that casinos are winning most of the time as games has house edge, however, the decision to stop and re invest depends on your as no matter how profitable you are in percentage but in figure you are not contented yet, you will still keep hoping for more profit which would require you to hold longer.

As what gamblers said, house edge will beat you in the long run, so if you are in the house side, you'll definitely be profitable in the long run.

Reid

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Quote from: Maus0728 on June 15, 2020, 05:07:40 AM

Quote from: leea-1334 on June 15, 2020, 04:48:38 AM

I did not keep my statistics, and every week or 2 weeks I have a very bad habit. When I see my investment is down, I divest and gamble till it is back to original deposit, then reinvest again.

I never thought this kind of investing technique but will it not affect your investment because the duration of your shares in bankroll will go back to zero? thus, your ROI will also reset as compared when you let your investment opened though you are taking a loss? Huh

I have been thinking about the same thing.
It is because of the fluctuation in profits.
Last week my profit was 20k and then it went back to 17k sats. Is it possible to do a stop and start investment?
Will it still be profitable in short runs?
Or is it just the longer you invest the better?
Perhaps leea-1334 could answer us since he/she already tried to stop it and start again.

Edit: Now I am at 15k sats.

MCobian

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Thanks Snipie for the explanation of gambling investment in yolodice, this adds to my knowledge. I also intend to invest in the near future
on gambling sites. But still comparing which one is better, I hope you continue to provide updates about your investment in Yolodice. I am
curious about how much capital 0.0123 BTC can generate profit for one month.

Maus0728

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Quote from: leea-1334 on June 15, 2020, 04:48:38 AM

I did not keep my statistics, and every week or 2 weeks I have a very bad habit. When I see my investment is down, I divest and gamble till it is back to original deposit, then reinvest again.

I never thought this kind of investing technique but will it not affect your investment because the duration of your shares in bankroll will go back to zero? thus, your ROI will also reset as compared when you let your investment opened though you are taking a loss? Huh

leea-1334

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Temporary forum vacation

Hey OP just found your thread and well done! I am a long time investor also and fellow Yolo user as you can see:)

I did not keep my statistics, and every week or 2 weeks I have a very bad habit. When I see my investment is down, I divest and gamble till it is back to original deposit, then reinvest again. So I did not really keep a good track of my invesments BUT all time, for Bitcoin, I am in profit since day 1 to now.

Good luck with your tracking. Can I suggest, you do simple table, and attach image? You will have harder updating but have easier viewing:)

Tytanowy Janusz

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Quote from: DarkDays on June 14, 2020, 09:16:59 PM

Quote from: Tytanowy Janusz on June 14, 2020, 01:57:35 AM

Average trader annual return is ~3-5% (some has 20% some -100%)

I highly doubt most professional traders only make 3-5% per year

Average !=(not equal) Professional
Investor != Trader

And who is a professional trader? Someone who works in funds or someone with >x years experience?

And when we are talking about professional traders (or rather investors).

Quote

In 2007, legendary investor Warren Buffett made a $1 million bet against Protégé Partners that hedge funds wouldn’t outperform an S&P index fund, and he won.

Buffett’s choice fund, the Vanguard 500 Index Fund Admiral Shares, returned 7.1 percent compounded annually, while the basket of hedge funds his competitor chose returned an average of only 2.2 percent, the Wall Street Journal reports.

And here we are with ~40% annual ROI. This is huge.

DarkDays

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Quote from: Tytanowy Janusz on June 14, 2020, 01:57:35 AM

Average trader annual return is ~3-5% (some has 20% some -100%)

You got a source for this estimate? I highly doubt most professional traders only make 3-5% per year, unless you're also averaging in all the retail trader noobs that dive into the market and throw their money down the drain?

You can get far more than 3-5% a year with a huge number of passive income streams, so I doubt any self-respecting trader is going to settle for 5% a year with their active effort.

They would need to be trading with a starting balance of $1 million just to make $50k a year.... seems likely.

snipie

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Quote from: Oilacris on June 14, 2020, 06:00:59 PM

Quote from: snipie on June 14, 2020, 11:11:26 AM

Quote from: Debonaire217 on June 13, 2020, 11:41:10 PM

I see OP you've provided a daily update to track your investment. What I think is it quite efficient to provide daily updates? Because I believe, investment in gambling sites would be better on a long term basis. Maybe it is appropriate to see updates weekly or even monthly.

I'm not really used to invest in gambling sites, maybe I should try it sometimes, and I see, the minimum investment should be 0.01BTC, meaning, to get decent ROI, we should invest roughly 0.1BTC right?

Just tried to give ideas for people, who are willing to invest and are undecided, how things are going on in the first days.
Since i see some comments saying it isn't important to do this daily (obviously the first week only) I decided to delay table updates but I can say that yesterday my profit jumped to +1000 satoshi then dropped to +100-500 and so on. Just remember that the number shown in the table is a random one during a selected day, it can be x2 or x3 or even negative then recovering without I notice anything.
I will keep the table updated 1-2 times per week tho.
For the invested value, the much you invest the better you ROI faster, there is just a minimum value which requires longer time to double it and your share seems to drop with the rising number of investments too.

I disagree in to that line that had been bolded where the bigger the investment you had the better ROI? Thats not always the case.

If we do think on carefully, it would really be just the same since you do earn the same percentage on daily basis.It wont matter if you invest
big or small.

In regards on updating the table then it would really be more preferable if it would be done by weekly rather than on daily basis but it isnt
really that bad to post it on that way, if thats the thing that you do really want to do.

Yeah sure it is not always the case. We can lose or get tiny return even with big amounts. What I want to say is the bigger you invest the bigger your shares will be the better your ROI technically.
BTW I added other parameters to the table if someone is interesting in knowing them since they are important tho.

stadus

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Quote from: Becky666 on June 14, 2020, 06:11:59 PM

What I noticed in making investment on a gambling platform is their little profit from investing with them. Some few years back, I make some investment but was not fast growing like the normal investment so I quit the process long ago but maybe this time I will give a try to make have a taste of it. Though maybe the amount I invested then was the reason of me getten the low profit. I Will definitely keep my eyes on this thread to make it this time a reality.

The profit you will earn depends on the amount of your investment, better look at the rate of return than the amount you put.
Let say you invested 0.01 btc in a certain platform, you can't expect a good profit in that as 1% or 2% is just a little amount of return based on your capital.

Investing in casino is only attractive if you put a decent amount of capital, and I think lending money in the forum is more profitable though as it ranges from 3% to 10% per month.

Topic: Snipie's gambling investment test - page 22. (Read 6452 times)