🌟Thoughts on investing then gambling combo🌟

keyscore44

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Quote from: Sir_lagsalot on June 01, 2016, 07:06:20 AM

Quote from: FabioDelcatto on June 01, 2016, 02:13:27 AM

Quote from: SparkedDev on May 31, 2016, 11:43:07 PM

Quote from: Sir_lagsalot on May 31, 2016, 11:40:25 PM

Cool idea. If my logic is correct, having 5% of the bankroll will nullify the effect of a house edge. Anything more would mean +EV.

On the contrary, owning 5% of the bankroll usually means you get 5% after the house cut. I'd estimate it to be about 20%, meaning that you'd only get 5% of 80%

Well thats does depend on the casino i know of a few that give most the edge to the investors.
Bitvest being one of them its 1.7% edge investors get 1.15 and site gets 0.55% the rest is based on how much is lost and your share of the investment.
Then again you have to read sites carefully because some take the full edge on investment based gambling sites as a fee.

I'm pretty sure this could be a universal game plan tho i tried it with dice, plus there is other methods that can be stacked with this to get even more back out of it.

It will be not the best thing that you can do with gambling and that is because if you are making an investment in gambling there is also a high chance that you can lose it.
So the best thing that you have to do is just to play with small amounts so it wont be that worst if you are losing some money with gambling.

If you gamble on a low-traffic gambling site that gives a large portion of the edge to the investors, you could easily become a big fish. You would win less, but also lose less. So it's basically softening your wins and losses. The question is - For better or for worse?

As i wrote before in this thread - it will softening your wins and losses, but slowly will be going down, because casinos fee always will be on this same level. In my opinion this "combo" makes that your way to lose everything is just longer then in classic way.

Sir_lagsalot

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Quote from: FabioDelcatto on June 01, 2016, 02:13:27 AM

Quote from: SparkedDev on May 31, 2016, 11:43:07 PM

Quote from: Sir_lagsalot on May 31, 2016, 11:40:25 PM

Cool idea. If my logic is correct, having 5% of the bankroll will nullify the effect of a house edge. Anything more would mean +EV.

On the contrary, owning 5% of the bankroll usually means you get 5% after the house cut. I'd estimate it to be about 20%, meaning that you'd only get 5% of 80%

Well thats does depend on the casino i know of a few that give most the edge to the investors.
Bitvest being one of them its 1.7% edge investors get 1.15 and site gets 0.55% the rest is based on how much is lost and your share of the investment.
Then again you have to read sites carefully because some take the full edge on investment based gambling sites as a fee.

I'm pretty sure this could be a universal game plan tho i tried it with dice, plus there is other methods that can be stacked with this to get even more back out of it.

It will be not the best thing that you can do with gambling and that is because if you are making an investment in gambling there is also a high chance that you can lose it.
So the best thing that you have to do is just to play with small amounts so it wont be that worst if you are losing some money with gambling.

If you gamble on a low-traffic gambling site that gives a large portion of the edge to the investors, you could easily become a big fish. You would win less, but also lose less. So it's basically softening your wins and losses. The question is - For better or for worse?

FabioDelcatto

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Quote from: SparkedDev on May 31, 2016, 11:43:07 PM

Quote from: Sir_lagsalot on May 31, 2016, 11:40:25 PM

Cool idea. If my logic is correct, having 5% of the bankroll will nullify the effect of a house edge. Anything more would mean +EV.

On the contrary, owning 5% of the bankroll usually means you get 5% after the house cut. I'd estimate it to be about 20%, meaning that you'd only get 5% of 80%

Well thats does depend on the casino i know of a few that give most the edge to the investors.
Bitvest being one of them its 1.7% edge investors get 1.15 and site gets 0.55% the rest is based on how much is lost and your share of the investment.
Then again you have to read sites carefully because some take the full edge on investment based gambling sites as a fee.

I'm pretty sure this could be a universal game plan tho i tried it with dice, plus there is other methods that can be stacked with this to get even more back out of it.

It will be not the best thing that you can do with gambling and that is because if you are making an investment in gambling there is also a high chance that you can lose it.
So the best thing that you have to do is just to play with small amounts so it wont be that worst if you are losing some money with gambling.

equator

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Thanks OP for creating this topic as i have heard about investing in gambling sites and playing but i had not experience or idea about it, some of them said it is bit more risky to invest in gambling sites and better to play, but after fully going through your thread now i have a clear picture of investing in gambling sites as well as playing is good theory and idea. I will also try the same idea first with small investment and about the risk that is their in all investments that we have to take care.

SparkedDev

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Quote from: Sir_lagsalot on May 31, 2016, 11:40:25 PM

Cool idea. If my logic is correct, having 5% of the bankroll will nullify the effect of a house edge. Anything more would mean +EV.

On the contrary, owning 5% of the bankroll usually means you get 5% after the house cut. I'd estimate it to be about 20%, meaning that you'd only get 5% of 80%

Well thats does depend on the casino i know of a few that give most the edge to the investors.
Bitvest being one of them its 1.7% edge investors get 1.15 and site gets 0.55% the rest is based on how much is lost and your share of the investment.
Then again you have to read sites carefully because some take the full edge on investment based gambling sites as a fee.

I'm pretty sure this could be a universal game plan tho i tried it with dice, plus there is other methods that can be stacked with this to get even more back out of it.

Sir_lagsalot

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Cool idea. If my logic is correct, having 5% of the bankroll will nullify the effect of a house edge. Anything more would mean +EV.

On the contrary, owning 5% of the bankroll usually means you get 5% after the house cut. I'd estimate it to be about 20%, meaning that you'd only get 5% of 80%

SparkedDev

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It really only depends this theory is basically a way to get knock back if you a higher roller player.
It can be used on lower sites where the investment is also low, but the point here is getting knock back off your own bets.

adaseb

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Well he posted in the "Gambling" section so we know that he wants a high reward high risk investment. Maybe not pure gambling but something that will make him more money then keeping it in a savings account.

SparkedDev

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Quote from: CryptoBjorn on May 25, 2016, 04:25:57 PM

Quote from: JasonXG on May 25, 2016, 03:45:18 PM

This is exactly what I plan on doing soon. Rather gamble with my investment interest then risk the whole bank roll. Then u can make a slightly higher return as well.

I do know it's about security but most of the things you can do with gambling involves risk. Too much for some people to let it bypass. While some believe in it's potential.
For me the potential is there, however find a right investment is very hard.

this isnt about finding the right investment next time read the op before posting.

CryptoBjorn

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Quote from: JasonXG on May 25, 2016, 03:45:18 PM

This is exactly what I plan on doing soon. Rather gamble with my investment interest then risk the whole bank roll. Then u can make a slightly higher return as well.

I do know it's about security but most of the things you can do with gambling involves risk. Too much for some people to let it bypass. While some believe in it's potential.
For me the potential is there, however find a right investment is very hard.

JasonXG

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This is exactly what I plan on doing soon. Rather gamble with my investment interest then risk the whole bank roll. Then u can make a slightly higher return as well.

Finestream

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Quote from: SparkedDev on May 15, 2016, 07:11:18 AM

Quote from: fullypak on May 15, 2016, 07:08:32 AM

Quote from: geopolisch on May 15, 2016, 06:58:56 AM

Many of us are interested in gambling cos of its fast profits. My biggest goal since now was on dice with a bet of 0.5 btc on x4 but i lost the half on same dice again thus i remained with 1 btc which i owned the half already so I wonder how much you guys gaining for this method.

This thread people are discussing about investing on the casino to make profits along with casino instead of gambling directly. Gambling looks an easy way to earn fast money but if that is true, today we might not be seeing so many casinos around us. If we realise that, then we will come to know the real fact of gambling is people always lose and casinos will always win. So gamble only sometimes to enjoy the fun part of it and if you're lucky then you can make some quick profits but no guarantee for benefits.

No we are talking about the combo of investing an gambling at the same time to get knock backs as a possible source of extending gameplay long enough to get good hits to attack the investors investments.

I would say focus only on one venture and definitely that is not gambling. In my opinion investing is the best way to do, by investing in an online casino you will have a good profit sharing in the total pot money. We already know that the house always wins so can already expect a good profit of your investment. The only thing you need to consider and must carefully evaluate is what site are you going to put your money.

We have a lot of gambling site to choose from today but you cannot just pick blindly as they might also go bankrupt or scam your investment the worst. You need to treat it like doing a feasibility study on your own business prior to the actual operation.

SparkedDev

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Quote from: fullypak on May 15, 2016, 07:08:32 AM

Quote from: geopolisch on May 15, 2016, 06:58:56 AM

Many of us are interested in gambling cos of its fast profits. My biggest goal since now was on dice with a bet of 0.5 btc on x4 but i lost the half on same dice again thus i remained with 1 btc which i owned the half already so I wonder how much you guys gaining for this method.

This thread people are discussing about investing on the casino to make profits along with casino instead of gambling directly. Gambling looks an easy way to earn fast money but if that is true, today we might not be seeing so many casinos around us. If we realise that, then we will come to know the real fact of gambling is people always lose and casinos will always win. So gamble only sometimes to enjoy the fun part of it and if you're lucky then you can make some quick profits but no guarantee for benefits.

No we are talking about the combo of investing an gambling at the same time to get knock backs as a possible source of extending gameplay long enough to get good hits to attack the investors investments.

fullypak

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Quote from: geopolisch on May 15, 2016, 06:58:56 AM

Many of us are interested in gambling cos of its fast profits. My biggest goal since now was on dice with a bet of 0.5 btc on x4 but i lost the half on same dice again thus i remained with 1 btc which i owned the half already so I wonder how much you guys gaining for this method.

This thread people are discussing about investing on the casino to make profits along with casino instead of gambling directly. Gambling looks an easy way to earn fast money but if that is true, today we might not be seeing so many casinos around us. If we realise that, then we will come to know the real fact of gambling is people always lose and casinos will always win. So gamble only sometimes to enjoy the fun part of it and if you're lucky then you can make some quick profits but no guarantee for benefits.

SparkedDev

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Quote from: keyscore44 on May 15, 2016, 06:51:30 AM

Oh. Ok. So all this thread is about that risk is less when you invest in casino? I don't think so.. Grin

In case of winning in this 10 bets raw (10 bets on red, 10 btc each, 10 Times in raw coming red) you have to cover your own winning from your own (investor)pocket, and yeah let see how much you can get:

Start with 100 btc + 100 btc from winnings - 200 btc

100 * 90% = 90 btc from your pocket + 0.55% casino fee
90 * 0.55% = 0.495 btc
90 + 0.495 = 90.495 btc

100 - 90.495 = 9.505 btc - your earnings

In my opinion this sword cuts both ways, and wins only casino - always plus 0.55%

As i wrote before with your idea way to lose everything is just two times longer then normal way..

Yeah but does it not provide longer game play an knock backs instead of losing 100% of ever bet your losing only 10% or so.
You can decide at that point if you want to continue, i guess in my eyes its better to lose 10% of a bet the lose it all.

But that's why i asked peoples thoughts on it, i was just going on numbers i know since bitvest is where i came up with the theory an looking at other plinko based sites.
if you invested on bitvest its like 92 btc, if you had 100 btc invested an were going to play you could get at least 80+ % back from every bet.
An if you hit big you get a chance to take from the other investors who would have about 40% of the pot, but as i see it are mostly looking at the loses.
Ive seen many people pull big wins on plinko sites just based on how the multipliers are set on all them you will get some back every bet in most cases.

Quote from: geopolisch on May 15, 2016, 06:58:56 AM

Many of us are interested in gambling cos of its fast profits. My biggest goal since now was on dice with a bet of 0.5 btc on x4 but i lost the half on same dice again thus i remained with 1 btc which i owned the half already so I wonder how much you guys gaining for this method.

As of now this is more of a thought i personally think that's why im asking what peoples thoughts are.

geopolisch

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Many of us are interested in gambling cos of its fast profits. My biggest goal since now was on dice with a bet of 0.5 btc on x4 but i lost the half on same dice again thus i remained with 1 btc which i owned the half already so I wonder how much you guys gaining for this method.

keyscore44

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Oh. Ok. So all this thread is about that risk is less when you invest in casino? I don't think so.. Grin

In case of winning in this 10 bets raw (10 bets on red, 10 btc each, 10 Times in raw coming red) you have to cover your own winning from your own (investor)pocket, and yeah let see how much you can get:

Start with 100 btc + 100 btc from winnings - 200 btc

100 * 90% = 90 btc from your pocket + 0.55% casino fee
90 * 0.55% = 0.495 btc
90 + 0.495 = 90.495 btc

100 - 90.495 = 9.505 btc - your earnings

In my opinion this sword cuts both ways, and wins only casino - always plus 0.55%

As i wrote before with your idea way to lose everything is just two times longer then normal way..

SparkedDev

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Quote from: JackpotRacer on May 15, 2016, 06:28:29 AM

Quote from: SparkedDev on May 15, 2016, 06:02:20 AM

Bitvest is 100% publicly invested they only take 0.55% investments an allow instant divest.
Bitvest shares the house edge with investors 1.15% to investors an 0.55% to them only on gamblers loses.
So if 10% was only owned by other investors your getting back depending on the game your playing you could get back over 85% of each bet.

Ill use this as an example:

So lets say you lost on this line you own 90% of the investment because you can only lose 60% of that bet on that line.
You get back 40% from bet an if your 90% or w.e % over 30-50% more thats taking the sites 0.55% fee into consideration.

you asked me to show you where you talked about bitvest so please read your postings. you can't bend maths and 1+1 is always 2 and therefore we love BTC

or you are telling me that your option is +EV for me as a gambler and I will come to gamble at bitvest 24/7 and not plinkopot.com

As i said im not saying one is better then the other but bitvest has 1111x multipliers anf 1250x multipliers plus you can make your own lines.
So much so over 7000+ lines are custom, https://allcryptotalk.com/index.php?/topic/2293-bitvestio-row-builds/
You can also save all your lines in a tab called my rows an share your builds and lines with other people.

Also this is a theory i found on bitvest that works i believe it also works on any other plinko sites: https://bitcointalk.org/index.php?topic=1221154.860

But this isn't a post about plinko its about all gambling that is investment based.
I just happened to find the idea on a plinko investment sites.
But it should be be able to carry over universally to just about all gambling other then sports an some card games.

Quote from: keyscore44 on May 15, 2016, 06:27:13 AM

Quote from: SparkedDev on May 15, 2016, 06:02:20 AM

Bitvest is 100% publicly invested they only take 0.55% investments an allow instant divest.
Bitvest shares the house edge with investors 1.15% to investors an 0.55% to them only on gamblers loses.
So if 10% was only owned by other investors your getting back depending on the game your playing you could get back over 85% of each bet.

Ill use this as an example:

So lets say you lost on this line you own 90% of the investment because you can only lose 60% of that bet on that line.
You get back 40% from bet an if your 90% or w.e % over 30-50% more thats taking the sites 0.55% fee into consideration.

So the site only gets 0.55% fee only on gamblers loses an most the edge is given to the investor.
You could see how i came to this conclusion since its truly 100% investor based non crowd funded.

I feel a bit stupid now.. I don't understand this counting.. Roll Eyes

Lets take easiest example with same data.

you bet 10 times 10 btc each bet on red in roulette - 10 Times in row is coming black. You lost 100 btc.

I think first move of casino is taking 0.55% fee, so 100 btc - 0.55% = 99.45 btc - this is to split between investors. If you have 90%, to your pocket is coming back 89.505 btc (99.45 * 90%)

So 100 - 89.505 = 10.495

You lost 10.495 btc

Yeah but you didn't lose 100% of that bet. like you would have if you weren't invested.
My theory says you will lose some to the other investors in it, but if you hit that play what are you going to win 90% of you an a large chunk of the others.
Theory can be used to keep game play going long enough to get some hits, if you were going to lose 100% of it anyways how is this not a bonus.

JackpotRacer

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All Games incl Racer and Lottery game are Closed

Quote from: SparkedDev on May 15, 2016, 06:02:20 AM

Bitvest is 100% publicly invested they only take 0.55% investments an allow instant divest.
Bitvest shares the house edge with investors 1.15% to investors an 0.55% to them only on gamblers loses.
So if 10% was only owned by other investors your getting back depending on the game your playing you could get back over 85% of each bet.

Ill use this as an example:

So lets say you lost on this line you own 90% of the investment because you can only lose 60% of that bet on that line.
You get back 40% from bet an if your 90% or w.e % over 30-50% more thats taking the sites 0.55% fee into consideration.

you asked me to show you where you talked about bitvest so please read your postings. you can't bend maths and 1+1 is always 2 and therefore we love BTC

or you are telling me that your option is +EV for me as a gambler and I will come to gamble at bitvest 24/7 and not plinkopot.com

keyscore44

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Quote from: SparkedDev on May 15, 2016, 06:02:20 AM

Bitvest is 100% publicly invested they only take 0.55% investments an allow instant divest.
Bitvest shares the house edge with investors 1.15% to investors an 0.55% to them only on gamblers loses.
So if 10% was only owned by other investors your getting back depending on the game your playing you could get back over 85% of each bet.

Ill use this as an example:

So lets say you lost on this line you own 90% of the investment because you can only lose 60% of that bet on that line.
You get back 40% from bet an if your 90% or w.e % over 30-50% more thats taking the sites 0.55% fee into consideration.

So the site only gets 0.55% fee only on gamblers loses an most the edge is given to the investor.
You could see how i came to this conclusion since its truly 100% investor based non crowd funded.

I feel a bit stupid now.. I don't understand this counting.. Roll Eyes

Lets take easiest example with same data.

you bet 10 times 10 btc each bet on red in roulette - 10 Times in row is coming black. You lost 100 btc.

I think first move of casino is taking 0.55% fee, so 100 btc - 0.55% = 99.45 btc - this is to split between investors. If you have 90%, to your pocket is coming back 89.505 btc (99.45 * 90%)

So 100 - 89.505 = 10.495

You lost 10.495 btc

Topic: 🌟Thoughts on investing then gambling combo🌟 (Read 2178 times)