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Topic: Snipie's gambling investment test - page 7. (Read 6453 times)

legendary
Activity: 3178
Merit: 1140
#SWGT CERTIK Audited
December 10, 2020, 07:23:46 AM
Updated the table.
-BTC1.5, won by a whale?, drove the profit down this week.

Changes in the bankroll:
BTC bankroll
DATE              || Currently invested   || Open investments  || Current investors
09/09/2020   ||   182.68532327       ||           144                  ||              82
16/09/2020   ||   194.74100876       ||           163                  ||              86
23/09/2020   ||   194.04792640       ||           164                  ||              83
30/09/2020   ||   193.12535068       ||           164                  ||              87
08/10/2020   ||   191.48537831       ||           162                  ||              87
14/10/2020   ||   194.56914707       ||           163                  ||              82
22/10/2020   ||   195.51596529       ||           163                  ||              81
30/10/2020   ||   198.34342187       ||           159                  ||              77
04/11/2020   ||   204.12134264       ||           161                  ||              77
11/11/2020   ||   203.80380805       ||           151                  ||              75
18/11/2020   ||   197.57637960       ||           152                  ||              74
25/11/2020   ||   211.88160280       ||           153                  ||              74
03/12/2020   ||   210.20271450       ||           157                  ||              77
10/12/2020   ||   208.83467324       ||           160                  ||              76

legendary
Activity: 3178
Merit: 1140
#SWGT CERTIK Audited
December 03, 2020, 10:05:47 AM
Updated the table.

Changes in the bankroll:
BTC bankroll
DATE              || Currently invested   || Open investments  || Current investors
09/09/2020   ||   182.68532327       ||           144                  ||              82
16/09/2020   ||   194.74100876       ||           163                  ||              86
23/09/2020   ||   194.04792640       ||           164                  ||              83
30/09/2020   ||   193.12535068       ||           164                  ||              87
08/10/2020   ||   191.48537831       ||           162                  ||              87
14/10/2020   ||   194.56914707       ||           163                  ||              82
22/10/2020   ||   195.51596529       ||           163                  ||              81
30/10/2020   ||   198.34342187       ||           159                  ||              77
04/11/2020   ||   204.12134264       ||           161                  ||              77
11/11/2020   ||   203.80380805       ||           151                  ||              75
18/11/2020   ||   197.57637960       ||           152                  ||              74
25/11/2020   ||   211.88160280       ||           153                  ||              74
03/12/2020   ||   210.20271450       ||           157                  ||              77
legendary
Activity: 2674
Merit: 1226
Livecasino, 20% cashback, no fuss payouts.
November 28, 2020, 07:20:30 AM
Curious to read and find out more about investments over the past 4 weeks in various places, especially with the price just going up a lot and then now suddenly crashing over 20%. I have one investment elsewhere and would like to see how other places are performing during this period. My instinct says wagers should go down but I'm not exactly seeing a solid pattern here.

Yep. It looks like this was the case. When I was calculating old investors return for doge it was like 200-300% APY. My estimated APY based on 6 month investment is 12%. This is huge gap and i thing you made a good point that is was caused by different market condition (8-12k consolidation vs 10-19k rally). The market provides gamblers with a sufficient dose of adrenaline. There is currently like 5 mln DOGE wagered daily (on average) - 16k$ - 160$ profit for website (considering 1% house edge), 80$ daily for all investors to share.

It seems to have a bad effect on doge, so do you think this is because doge/btc value is lowering or is this just a issue of again markets heating up so people gambling less? I have seen the same at my other site (good doge returns but now slowing down).
legendary
Activity: 2156
Merit: 1622
November 28, 2020, 02:58:43 AM
The entire crypto market has turned into a casino now, so the demand for a casino will be low among crypto users  Cheesy I think that it will be necessary to return to investments of this kind when the market calms down (it does not matter on the lows or on the highs) and is more or less predictable.

Yep. It looks like this was the case. When I was calculating old investors return for doge it was like 200-300% APY. My estimated APY based on 6 month investment is 12%. This is huge gap and i thing you made a good point that is was caused by different market condition (8-12k consolidation vs 10-19k rally). The market provides gamblers with a sufficient dose of adrenaline. There is currently like 5 mln DOGE wagered daily (on average) - 16k$ - 160$ profit for website (considering 1% house edge), 80$ daily for all investors to share.

I trust yolodice, they have never let me down, but with such low daily profit and such high bankroll size ($250k for doge only) exit scam is very tempting. I decided not to take this risk.
legendary
Activity: 2478
Merit: 1951
Leading Crypto Sports Betting & Casino Platform
November 27, 2020, 05:22:41 PM
Tytanowy Janusz

Rational decision. You have limited your losses and saved the bulk of your investment. The entire crypto market has turned into a casino now, so the demand for a casino will be low among crypto users  Cheesy I think that it will be necessary to return to investments of this kind when the market calms down (it does not matter on the lows or on the highs) and is more or less predictable.
legendary
Activity: 2156
Merit: 1622
November 26, 2020, 12:13:44 PM
I closed my doge investment yesterday before BTC dump. I made like +6% in DOGE in 6 months while doge dropped 25% (so - 19% in total - considering BTC investment). Casino performance was way worse than i calcuated based by old investors return. This confirms the basic principle of investors - historical performance are not a guarantee of future returns.

Why i did it now, at the bottom of the doge and the bottom of investors stats chart? I do belive that BTC pump is a the time when many cards are revealed. Its the moment when exit scams are the most profitable. The moment in which the fractional reserve system is crashing (f.e. if yolodice was hacked before and they didn't announce it and keep working). This extra risk, together with weak casino volume last weeks (low returns)
prompted me to close the investment.
legendary
Activity: 3178
Merit: 1140
#SWGT CERTIK Audited
November 25, 2020, 12:57:15 PM
Updated the table.
BTC now is almost touching ATH, above $19k Shocked

Changes in the bankroll:
BTC bankroll
DATE              || Currently invested   || Open investments  || Current investors
09/09/2020   ||   182.68532327       ||           144                  ||              82
16/09/2020   ||   194.74100876       ||           163                  ||              86
23/09/2020   ||   194.04792640       ||           164                  ||              83
30/09/2020   ||   193.12535068       ||           164                  ||              87
08/10/2020   ||   191.48537831       ||           162                  ||              87
14/10/2020   ||   194.56914707       ||           163                  ||              82
22/10/2020   ||   195.51596529       ||           163                  ||              81
30/10/2020   ||   198.34342187       ||           159                  ||              77
04/11/2020   ||   204.12134264       ||           161                  ||              77
11/11/2020   ||   203.80380805       ||           151                  ||              75
18/11/2020   ||   197.57637960       ||           152                  ||              74
25/11/2020   ||   211.88160280       ||           153                  ||              74
legendary
Activity: 2478
Merit: 1951
Leading Crypto Sports Betting & Casino Platform
November 23, 2020, 02:50:35 AM
-snip-
It is hard to tell especially when admins already have funds there so they or other people can close the investment, sell, buy when the price decreased to less than $18k then reinvest again, that can be one of the possibilities since the actual invested amount rised to 210.31151712 BTC! with 151 opened investments by 75 users Shocked

Wow  Shocked
Judging by this post, someone added 13 bitcoins to the investment. I wish I knew it was done by one person or several different ones. Maybe investors are inspired by the growth of bitcoin and continue to invest in it, and in order to get additional profit, they also invest bitcoins itself.
legendary
Activity: 3178
Merit: 1140
#SWGT CERTIK Audited
November 22, 2020, 06:33:38 AM
-snip-
Thanks. I actually invested only in Yolodice and don't count enlarge it due to several personal reasons.
The revenue are quite good indeed but lately players seem to be lucky and the profit is decreasing slowly over time while it should be the opposite Wink
Until now long term or at least medium term investment is safe.

-snip-
I proposed here the idea of token to be added as a reward system that can be converted to crypto rather than replacing it. Let's say after I kept my investment for a month I got 30 tokens then 90 after 3 months, 180 token after 6 months...let's say once I reach 100 tokens I can redeem it with 0.0001 btc or the equivalent in other available crypto. Same can be used for referrals, every 5 referrals, you get x token. It can also applies when winning competitions, chatting...
It is just an idea to encourage people and attract them Smiley

-snip-
It is hard to tell especially when admins already have funds there so they or other people can close the investment, sell, buy when the price decreased to less than $18k then reinvest again, that can be one of the possibilities since the actual invested amount rised to 210.31151712 BTC! with 151 opened investments by 75 users Shocked
hero member
Activity: 1666
Merit: 753
November 21, 2020, 06:14:19 PM
Great work OP. I was just wondering whether or not you'd be doing this for other sites too?

I think it would be interesting to build a portfolio of investments across a bunch of dice sites, as opposed to concentrating on one in particular. That would mimic a more realistic portfolio for most people imo due to diversified risks.

But damn, these returns are not shabby at all. Over 20% p.a. can legit surpass credit card debt in some countries and then some, and that's discounting any BTC hikes.
legendary
Activity: 2478
Merit: 1951
Leading Crypto Sports Betting & Casino Platform
November 21, 2020, 04:38:49 PM
Assuming admins' shares are the same then yeah there is a drop in the number of opened investments along with investors and the amount invested which can be explained by the current fast rise of bitcoin price. As you mentioned if it passes $20k, I am afraid those numbers will drop even more.. In this case admins have to find a way to stimulate investment by points (~token) system generated weekly or something like this, and can be redeemed to crypto...

What is the reason for this? Are investors withdrawing bitcoin to lock in profit from investments and from the growth of the exchange rate? But the fewer investors there are, the greater the proportion of those who remain - it seems to me that ethyo is already a serious incentive to continue holding your position or even increase it.
legendary
Activity: 3178
Merit: 1140
#SWGT CERTIK Audited
November 18, 2020, 10:37:06 AM
-snip-
-snip-
Assuming admins' shares are the same then yeah there is a drop in the number of opened investments along with investors and the amount invested which can be explained by the current fast rise of bitcoin price. As you mentioned if it passes $20k, I am afraid those numbers will drop even more.. In this case admins have to find a way to stimulate investment by points (~token) system generated weekly or something like this, and can be redeemed to crypto...
legendary
Activity: 2366
Merit: 1130
November 18, 2020, 10:16:58 AM
It is really nice to see what is going on this way, obviously there are ups and downs in casino investment just like gambling itself but it is always nice to see that in the long run it is a profitable thing if you are patient enough. Investor number went down a bit which is obvious, but the invested number didn't really dropped that much which shows that there are less people investing more money, and I don't know what that tells me.

The investment in bitcoin is down a lot. As you can see on last week, total bitcoin investment still 203 btc, but this week there are only total 197 btc invested on yolodice. It's mean there are 6 btc divested from btc bankroll investment
legendary
Activity: 2660
Merit: 1074
November 18, 2020, 10:01:25 AM
It is really nice to see what is going on this way, obviously there are ups and downs in casino investment just like gambling itself but it is always nice to see that in the long run it is a profitable thing if you are patient enough. Investor number went down a bit which is obvious, but the invested number didn't really dropped that much which shows that there are less people investing more money, and I don't know what that tells me.

However with bitcoin going higher and higher, I feel like next week will be less invested with some people withdrawing their earnings and cash out when bitcoin price is high. Seeing over $20k could mean drastically changes in investment towards casinos, people may want to move to fiat finally after 3 years of waiting for the all time high.
legendary
Activity: 3178
Merit: 1140
#SWGT CERTIK Audited
November 18, 2020, 06:31:58 AM
Updated the table.
BTC is almost close to ATH again, above $18k Wink

Changes in the bankroll:
BTC bankroll
DATE              || Currently invested   || Open investments  || Current investors
09/09/2020   ||   182.68532327       ||           144                  ||              82
16/09/2020   ||   194.74100876       ||           163                  ||              86
23/09/2020   ||   194.04792640       ||           164                  ||              83
30/09/2020   ||   193.12535068       ||           164                  ||              87
08/10/2020   ||   191.48537831       ||           162                  ||              87
14/10/2020   ||   194.56914707       ||           163                  ||              82
22/10/2020   ||   195.51596529       ||           163                  ||              81
30/10/2020   ||   198.34342187       ||           159                  ||              77
04/11/2020   ||   204.12134264       ||           161                  ||              77
11/11/2020   ||   203.80380805       ||           151                  ||              75
18/11/2020   ||   197.57637960       ||           152                  ||              74
legendary
Activity: 3178
Merit: 1140
#SWGT CERTIK Audited
November 11, 2020, 01:30:11 PM
Updated the table.
For the third week, our BTC profit is almost exactly the same. The only thing that changed a lot is the bitcoin price ($15,960) driving my total investment to $216.1 from an initial one of $121.7 so $94.4 as a total gain Wink

Changes in the bankroll:
BTC bankroll
DATE              || Currently invested   || Open investments  || Current investors
09/09/2020   ||   182.68532327       ||           144                  ||              82
16/09/2020   ||   194.74100876       ||           163                  ||              86
23/09/2020   ||   194.04792640       ||           164                  ||              83
30/09/2020   ||   193.12535068       ||           164                  ||              87
08/10/2020   ||   191.48537831       ||           162                  ||              87
14/10/2020   ||   194.56914707       ||           163                  ||              82
22/10/2020   ||   195.51596529       ||           163                  ||              81
30/10/2020   ||   198.34342187       ||           159                  ||              77
04/11/2020   ||   204.12134264       ||           161                  ||              77
11/11/2020   ||   203.80380805       ||           151                  ||              75
legendary
Activity: 3178
Merit: 1140
#SWGT CERTIK Audited
November 04, 2020, 06:06:25 AM
Updated the table.
For the moment our profit in BTC is quite stable after the recent drop.
Changes in the bankroll:

BTC bankroll
DATE              || Currently invested   || Open investments  || Current investors
09/09/2020   ||   182.68532327       ||           144                  ||              82
16/09/2020   ||   194.74100876       ||           163                  ||              86
23/09/2020   ||   194.04792640       ||           164                  ||              83
30/09/2020   ||   193.12535068       ||           164                  ||              87
08/10/2020   ||   191.48537831       ||           162                  ||              87
14/10/2020   ||   194.56914707       ||           163                  ||              82
22/10/2020   ||   195.51596529       ||           163                  ||              81
30/10/2020   ||   198.34342187       ||           159                  ||              77
04/11/2020   ||   204.12134264       ||           161                  ||              77
Now that's a big rise in the invested amount by ~6 BTC in (less than) a week!
legendary
Activity: 3178
Merit: 1140
#SWGT CERTIK Audited
October 31, 2020, 02:03:48 PM
Okay, I got you. I read the whole topic in full, but I rarely comment, so sometimes I can overlook something  Smiley
Have you thought about increasing your investment (and thus your bankroll share), in fact you need to add a small amount to restore the previous share indicators?
Then I will have to close the current investment and open another one, so basically restarting after +5 months of it. I prefer keep updating the table like that and see how long term investment will looks like.
I can of course open a new investment with a bigger amount but I don't have any intention to do it for the moment at least.
legendary
Activity: 2478
Merit: 1951
Leading Crypto Sports Betting & Casino Platform
October 31, 2020, 10:05:44 AM
If you look globally, then rather you need to talk not about how difficult it is to recover quickly, but about the fact that excellent performance has slightly deteriorated due to the big victory of some player. Despite this, the results achieved look great.
Well I already mentioned that in this post and even in the previous events like that Wink
The drop in week 17 for example, which happened after ethan updated the max bets, was also due to the same whale(s). They won in the beginning then in 3 weeks we almost recovered our losses  Smiley
The difference between week 17 and this week is the share in the bankroll which dropped so it may take more time to recover  Wink

Okay, I got you. I read the whole topic in full, but I rarely comment, so sometimes I can overlook something  Smiley
Have you thought about increasing your investment (and thus your bankroll share), in fact you need to add a small amount to restore the previous share indicators?
legendary
Activity: 3178
Merit: 1140
#SWGT CERTIK Audited
October 31, 2020, 04:12:15 AM
Updated the table.
Apparently not only Doge suffered losses, even bitcoin investment rewards are down with the 4 BTC won by a someone in the previous days.
-snip-
If you look globally, then rather you need to talk not about how difficult it is to recover quickly, but about the fact that excellent performance has slightly deteriorated due to the big victory of some player. Despite this, the results achieved look great.
Well I already mentioned that in this post and even in the previous events like that Wink
The drop in week 17 for example, which happened after ethan updated the max bets, was also due to the same whale(s). They won in the beginning then in 3 weeks we almost recovered our losses  Smiley
The difference between week 17 and this week is the share in the bankroll which dropped so it may take more time to recover  Wink
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