Bitcoin Forum

Economy => Gambling => Topic started by: MasterCasino on February 13, 2015, 10:28:47 AM



Title: Bitcoin Dice Investment Guide
Post by: MasterCasino on February 13, 2015, 10:28:47 AM
The folks over at Bitcoin Dice Guide invested 1 BTC in 8 different bitcoin casino sites on Oct 1st, 2014 and have been tracking the returns here:
http://bitforum.info/t/bitcoin-dice-investment-guide/259


Title: Re: Bitcoin Dice Investment Guide
Post by: Mewtwo on February 13, 2015, 10:39:28 AM
The folks over at Bitcoin Dice Guide invested 1 BTC in 8 different bitcoin casino sites on Oct 1st, 2014 and have been tracking the returns here:
http://bitforum.info/t/bitcoin-dice-investment-guide/259

Hehe, nice chart. Too bad those last 3 sites went down and stole their coins though. :( :P


Title: Re: Bitcoin Dice Investment Guide
Post by: EvilPanda on February 13, 2015, 10:54:19 AM
Top 2 on your list seem to be a good investment.
Good luck, I hope you'll get even. Fake businesses running with the money are the reason why Bitcoin is having a hard time being accepted by a larger community.


Title: Re: Bitcoin Dice Investment Guide
Post by: Abbey_j on February 13, 2015, 11:00:39 AM
3 investments were lost because of the flee, so basically he earned less than the loss.


Title: Re: Bitcoin Dice Investment Guide
Post by: medUSA on February 13, 2015, 11:16:50 AM
The review is basically telling us trust in a site is more infinitely important than return.  ;)
The top site gives 40% in four months, that is very good!


Title: Re: Bitcoin Dice Investment Guide
Post by: PocketRocketsCasino on February 13, 2015, 12:08:04 PM
That thread you linked to, and it's a safe assumption it's your post, seems to just be from a Win88 shill and tries to claim that the stats at Pocket Rockets Casino are not real.

I can assure you there's very smart investors of PRC and members of this forum who would have definitely noticed and made an issue if the stats were fake.

People like NLNico (of http://dicesites.com/), OmahaPoker (of http://cryptobettingindex.com/dice-invest/), Dreama and I don't know if he still does but Dooglus have tracked the stats of PRC since around July 2014 and there's definitely nothing wrong with them or anything fishy going on.

We have a higher average bet because a lot of the bets were from high rollers since we only just recently added auto roll and faster bets for lower amounts, which has seen an increase of smaller bets over the past month.



Title: Re: Bitcoin Dice Investment Guide
Post by: NLNico on February 13, 2015, 12:43:12 PM
Quote
Something doesn't add up here... In all the time I've played dice, I can't imagine a world in which the average bet on a dice site could be 0.0045 like it is on Pocket Rocket..
Here is an overview of "wagered per bet" amounts (freshly calculated with the latest data of http://dicesites.com )

BitDice.me    0.012845444516
PocketRocketsCasino.eu    0.004479108592
SatoshiDice.com    0.002564731303
Primedice    0.000210989388
Peerbet    0.000057386303
Win88    0.000054232710
dicenow    0.000044876957

As you can see, PRC is not even the highest (BD has 3x higher avg bet!) Also both BD as PRC have very close to 1% profit based on wagered, so seems very realistic to me. And it doesn't make sense to fake both wagered+positive profit since this is a very expensive joke to do on a crowd-sourced bankroll site.

Your story and "conclusion" are pretty much completely bullshit.

Better yet, I think that "number of bets" is not an interesting indicator at all and "wagered" is much more interesting, because it is a more realistic indicator of the action going on. Especially for investors. So my conclusion would be the opposite: sites like PD/BD/PRC (JD if you like CLAM) are much more interesting than Win88. Of course if you prefer the design/faucet/games there, it's okay too.