Bitcoin Forum

Like any tips to look out for, should I risk it and do a leverage higher than 1:1 etc?

Edit: wrong section switching.

personally I'm an investor in yolodice ( I just treat it as my gambling savings wallet where I send profits from sportsbetting )
I always use the highest leverage which is X10 , this should generate more profit than normal leverage
it increases the risk as well but since we are investing on +EV business we should be more than fine with high leverage and as you can see the majority people there have X10 leverage

I see that, I put a test 0.001 btc on 10x leverage and see it goes in the future then :p, hopefully not ripping the balance because it's 10x leverage.

always go for the highest leverage possible
some (not all) sites offer 10x leverage on certain games
for example : bitvest.io allows 10x margins on dice and 5x margins for the rest of the games
100k satoshi is not really worth to bother investing IMHO, also you should keep it for at least a couple of months or more to beat the variance

It depends on the site bankroll and daily net profit. If you proportion your leverage based on the range which people win/lose per day, you will be able to find the sweet spot. takes some improvisation, but once you get the hang of it you can make quite a bit of money hedging against winning players, as more often than not they lose anyway.

I invested in 3 sites at the moment.
YoloDice ( 0.002 BTC 10x leverage )
Bustabit ( 0.01 BTC All Onsite )
BitVest ( 0.05 ETH with 10x leverage on dice and 5x leverage on the rest )

And how have your profits there been? I see on one thread in securities section one player/mod at crypto-games.net shows his statistics. Personally I also liked that casino and played every now and then, but for personal reasons I no longer play there. They had a good bankroll too.

Does anybody know what the largest dice bankroll for Bitcoin investment is? I might want to invest in the smallest, since this means my amount is the bigger share of the bankroll.

well I'm up 0.0047 btc , but can't judge it since I don't count it as a main investment and I keep investing and divesting so I have no exact numbers about ROI
the thing is that I store the bitcoins that I use for sportsbetting with yolodice so I count their investment tab as a wallet more than investment
for me it's better than leaving the spare btc in my own wallet , the profits from investing should be more than the fees I spend cause their fee is 4K satoshis per withdrawal most of the times

so what I'm sure about is that it's way better to invest in a casino that leaving the coins in your wallet , as long as the site is trusted of course
yeah I used to invest in crypto games but their bankroll is now way bigger than what people usually wager , so the profits are really small and as I stated the whole point of me investing in yolodice is just to treat it as my gambling wallet since they have instant withdrawals with low fees

Bustadice, Bustabit (not a dice website) and CryptoGames have the largest Bitcoin bankroll.
You can check for yourself at:
https://dicesites.com/     (sort by Total invested)

The smallest bankroll of all listed sites has Safedice. However, the admin is responding
very rarely to questions in the Bitcointalk thread and people always have to wait for a long time
if they have a problem. I´m not sure if I would invest in the Safedice bankroll for this reason.

I see. Thank you for that information. 4k satoshi fee for withdrawal does sound very fair - of course I only pay a few 100 satoshi if I use my own wallet, but 4k compared to every other site I'm in is actually the lowest. I don't know any casino with free withdrawals anymore, are there?

It does make sense that casinos make more money in the long run, but I had a bad experience with moneypot, which was the only investment I ever did with Bitcoin. I think it made money initially, but I ended up losing almost 30% of my deposit when they kept losing money to people who won big. I dread thinking if I had done x10 margin, I might have lost even more.

regarding if is there casinos that offer free withdrawals , yeah personally I use bitcoinrush and sportsbet.io and both of them don't charge any fee on withdrawals
bitcoinrush withdrawals aren't instant , sportsbet are instant most of the times

regarding your investment with moneypot that's really unfortunate , to be honest I made profit in all the casinos I invested in but I never invested in moneypot
anyways don't judge it based on your experience with them , you should do fine with all the other sites since all the ones I know are in profit and mathematically you are doing the right thing

it won't make fortunes but as I stated before it's better than letting the coins in the wallet IMO

These are all decent casinos, so I think you made good decisions. However, I believe that the amounts of money you invested are extremely small. More than a year ago I was thinking about investing $10 or so in a casino (which was way more in btc at that time, of course), so I started a huge topic about small investments into bankrolls: https://bitcointalk.org/index.php?topic=1774722.msg17700316#msg17700316. I came to the conclusion that investing such small amounts will be useless, since it will take months before one will get profits, the they will be so insignificant, that a lot more will depend on the price of the crypto that was invested. But as an experiment - sure, it's pretty interesting. There was also a thread from a person who invested in many casinos that were the top ones at that time and looked at the dynamics of the profits and losses: https://bitcointalk.org/index.php?topic=1585408.0.
Good luck!

Thank you, it's more of just me trying to increase my small balance of btc and eth :P I don't mind the small investment I'm making because in my eyes, I'll be increasing my crypto balance not my fiat balance :)

Bustabit and Bustadice has withdraw fees of 100 sats to 1000 sats max :)

Diversify and test which leverage works best for you :)

Thank you very much to SyGambler and HiDevin for providing valuable information, I had no idea there were free withdrawals in casinos still, and I think the fee of 100-1000 satoshi is extremely reasonable especially since 1 site I'm using is 25k withdrawal. They used to be 10k, raised it to 25k during the mempool craziness but never lowered it again later. I don't even mind manual withdrawal actually. I don't really leave any funds for casino, but I don't mind using them as a cheap/free wallet:)

And yes, I had a bad experience with moneypot investment, so I only have 1 now, and invested indirectly with BitDice via their CSNO tokens.

I do not say that yolodice is good or bad but as far as I know because I have both thing with them. But there is no one are doing this as what you did. Let assume that they have no problem on their site, you may do this exactly good but when they are on maintenance or hit by ddos. This would not benefits us as investors or players as well. To make their investment as your secondary wallet would not a wise thing to do from the start, unless you know what you are doing right now

well yeah of course , but how often such problems happen ? they are really rare and so far I had no such problem at all with them
yeah of course using a site as a secondary wallet isn't that much recommended , but as I said I treat it as my gambling wallet and instead of letting the coins in my wallet it's way better to let them work in a casino IMO
but yeah I would be really pissed if I found an arbitrage for example and couldn't send BTC due to  site maintenance or ddos  :D

My experience of investment into two gambling sites:

Crypto-games.net (https://www.crypto-games.net/):
02.08.2018 invested 1.42006574 btc in crypto-games.net, on 02.09.2018 profit has 0.00735331 btc, at the same time having closed site fee. Also I see advantage of crypto-games that it is possible to make investments in alternative cryptocurrencies and also to close the investment program and to take away money at any time. Next time I will check statistics 02.10.2018

Bustadice.com (https://bustadice.com/):
27.08.2018 invested 0.4 btc in "onsite investment". Profit makes today 0.00601833 btc. Not bad, yeah? BUT, it is impossible to take away money at any time because
source: https://bustadice.com/invest

It is the reason for which I don't recommend to invest here.

I don't think the "minimum amount invested or divested is 0.01" is a problem unless you are only investing with 0.01 BTC, then you wouldn't be able to divest because of the 1% dillution fee.

I would invest into crypto-games.net but the bankroll is so huge in my eyes, that I wouldn't make a decent amount of profit over a long span of time.

Can you please share the amounts of profits you are getting from these investments on weekly basis? I have not explored this market very well and I want to invest. So I want to know the profitability beforehand.

I have just checked yolodice and their website says,

over 666BTC already invested
over 290BTC in profits so far

So that's a profit of around 44% they have generated for their investors.

The bustadice website says,

Total bankroll   Ƀ 4,356.83587780
Onsite bankroll   Ƀ 1,503.10693987
Offsite bankroll   Ƀ 2,853.72893793
Investors' total profit   Ƀ 607.15138002

So it is around 14% of profit if I compare between total bankroll and investor's profit. These statistics are too good to be true! So I will appreciate if you can share your profitability here with us!

You basically become a house and the "house" in the "house always wins" which means investing in gambling site is a profitable investment however you need to care about two things before you do it.

First is trusting the website, do you trust the website enough that it is definitely making that much money from the house edge or it won't steal money and go and so forth, if you trust the casino that its fine, if you do not you are risking money.

Second one is not using that profits or dividends on gambling yourself, usually investment is done on the casino website and the gambling is right there, some people can't go against the temptation so try to not gamble with your investment.

this is why I prefer to invest in sites that do not have any fancy requirements to divest your money
there is always a fine print like minimum amount or time lock or whatever gimmick
bitvest.io doesn't have this sort of requirements and you can  divest any time and any amount and the minimum to invest is only 0.01 btc
cryptogames is good to invest in longterm , but they do not accept bitcoin investments anymore ,sadly

You can leverage between 0.25x and 50x with us -> https://dice-bet.com/  8)

Not a new thing and these kind of restrictions or rules on divesting are common excluding on other sites but if you do look on your investment for long term then this wont really be a big issue for you.
Why we should trust your site?

That is a good question - Like most good dice sites it will take time before we prove ourselves.

Most profits from casinos are dependent on the daily wagers amounts every day ( 1% house edge ) meaning they will earn the house will earn 1% on every bet over time.
Most likely a whale probably just played at those sites, and their profits either skyrocketed or plummeted down.
For example in Bustabit, investors almost lost 35% of their bankroll. So just be weary of all swings, and I would just suggest investing in a 0.5x - 1x leverage over time if you want to make profits over time, to prevent yourself from getting ripped by 1 whale.

How are you going to get profit by investing that littl amount, may be in very long term you might do it but let say on SyGambler's case when he turns the casino as his own investment program, I believe that it will be not really good way to just let it slowly regain his profit there. Unless you have big unused money to put for very long term then it will do but to have monthly payment, I do really suggest that

I'm just looking for the best investment options right now in bitcoin gambling sites, I may start heavily investing in the future though, or put some of the money I get from trading into
Casinos.

We have public addresses for investor funds now that have been signed by us:

BTC wallet signed:
message: dice-bet wallet
address: 33ydeDprSZJ7Z51EvNrYoRHEo3yD9nSaqJ
signature: JBk6aW8DNOskomQmWALY8/mgEQcPyEYwdQ+bCdPkqIcscAFsOtrxh3vitWuGwEqLcfi/p4W0G2f4xQUtXFXfPv4=

LTC wallet signed:
message: dice-bet wallet
address: MK7wPXC5J8RmFDyepvGDqjLiZpDiBjc2Kp
signature: IxZVflvnmXEjCRzqR5vOwz39w1VcDJX4AXO+DBlTMlfQOqQ21MQ/dEH2mvSZt+X14pa/krSLNPS8s8+iqFUZ2a0=

ETH wallet signed:
message: dice-bet wallet
address: 0xef3a173f0142bf318e6de2696a18fbd5183f1489
signature: 0x202c056cb53da4f252b038154ac2ec218e5d2b4fd255b2f522660fd5ab82c9be5909ca26ac3e6 70a86b2685ad15c34525496d68684a3f882deb6c3266f9ef50e1b

baby steps...

As with all investing there are always risks. However since gambling sites in general have a house edge and a "greed and fear" factor you will generally always come out ahead and seems like a good risk/reward.

However, you need to keep in mind that there are times where its not profitable especially if you are just entering a new position. There can be a period where your balance is in the red and you will need to wait it out until it turns profitable.

In my opinion, these investments are not "get rich quick" you will need to be very patient and hold on to your position for a very long time if you want to see some nice gains.

I like Crypto-Games investment too, but they also have a minimum, actually, and if you take away your investment before 4 weeks, you lose some penalty for early divest. Much lower minimum I think, but still a minimum.

Invest minimum at Bitvest is the same as Bustadice (0.01 BTC), I see no problems recommending even with high minimum, which makes sense, no fees for divest at any time. Bitvest also lets you do x10 leverage so that's also pretty good but of course if they incur losses, you lose much more. Also, your profit is 0.006 but if you add that to your investment, then you surely have enough? 60% is a lot of profit...

cannot agree more:
anything gambling related is risky, but it is good to have math on your side for a change  ;D
speaking of investments, of course, in addition to the house edge figures you will also have suboptimal plays from many many gamblers
and this what makes casinos prosper,not only the house edge
definitely a not "get rich scheme" , you will have to be patient and keep your investment for some time and not to be tempted to divest
some people see red figures and divest and leave the site, when the correct course of action would be wait,wait and wait
I say never invest for less than  a month and do not bother with amounts lower than 0.02 btc the profit will not be really worth it

Eventhough you place your investment on such profitable site with your big funds if your leverage is 0.5x to 1, this will got no where, and how are you thinking that with that leverage you will get your profit? If you know how to trade why bothering to put your money on investment with such a low leverage. It will be really pointless thing to do, better change your leverage higher

My first answer was to someone up above and actually I did increase my investment across many sites totaling up to 0.8 btc at the moment :),

I would still suggest just investing with a low leverage even with a low amount, because you can test and check different options and see how much you will swing etc, etc.

There's a lot of reason on putting money in a low leverage, mostly because you want to play it safe and don't want to bust unlike other investors investing in the highest leverage they can.

Some sites even advertise 50x leverage ( while not a great idea for the big investor ) is a great idea for the small investors who is investing like 0.001 btc like me before I started this thread.

I was asking for help in this thread because some sites may go rogue and steal your bitcoins, so I just wanted some warnings on the way.

It's not all about making insane profits quick, but steady income over time :)

I do not say that it is not a right thing to do. But how long do you think that you are going to get profit? And may be for you who does not seek for profit might able to have a steady profit but for others, I do not really think that they want to do this. It is almost a steady profit but it really takes time just to invest although with some huge amount on it

I'm with you on this. Personally, I have my investment on 1 site at max leverage, but those are very small amounts compared to what I'm prepared to invest in long-term dividends on my main site. Of course, on paper, historical performance for past 1 year looks good, almost >15% for me over 1 year, but that's at full x10 leverage, so essentially, it showed that the site only made me 1.5%. It's still great returns but less than 4% if I just keep it at Freebitco.in. Both sites I equally trust (which is not even 100% trust).

Curious which site is offering 50x? I'd love to put in 0.001 ;)

We have 50x ---> https://dice-bet.com/

And a few more investors have jumped on and are using 50x at the moment (on LTC & ETH)

Personally I don't go for any type of investment in the gambling field except to place my bet in casinos and sports games 8)
But I heard the most famous name in my friend circle is bustadice and money pot ( since I didn't understand well the stretagy to place investment ) but still most of mine friends are making profit with it .
Besides this I like to put my investment in freebitco.in websites where it has more safety and very less chances to loss because % of profit to get back to the users is very small (about 4% ) , and also freebitco.in has lots of trust in this field because it is running since long time , where in the starting it was best faucet site and today with the faucet service it is also a casino .
But here with all types of the advice , I would like to suggest you that first go for the review in the Google whether the platfrom where you are going to invest is better or not , or there exists any type of scam or they did in past . After that makek investment otherwise you may face loss only and nothing .

Investing in Gambling sites is just like playing Gambling but difference is investing gives you returns and loss chances are less but in playing gambling more chances of loss. But personally i dont like to invest in gambling sites as you cannot give assurance if they dont scam and any time they can shut down and your whole investment can go to loss.

They can't guarantee any loss or even give you proper return but what you need is jusy to have some big whale or others players having good reviews with it and get the provably fair system. I belive as long as there is transparancy on their site, I can assure you that they are noy scamming so investing on any of these sites is surely save. Just need more time to gain some profit

The investors who invest their crypto-currencies in the casino bankroll does gets an advantage of the casino house edge against the players who gamble on the site, I believe some investors who are good in mathematics calculation are more likely to invest in the casino bankroll rather than playing on the site by themselves. As you said, there is always a risk that the casino owners could shut down their site anytime and run away with the investors money, that is the reason investors should always do some research on a casino before investing their money into the bankroll as it could greatly reduce the chances of that scenario happening.

They don't accept Bitcoin and ETH investments at the moment though.
Other coins are still available for investments, but just make sure that you pick a coin that has a decent monthly wagering rate.

I've been really happy with them in the past, can definitely recommend them.

Be sure to check out Lutpin's investment overview thread, so you have an idea what kind of ROI you're looking at.

https://bitcointalk.org/index.php?topic=2445163.0

This all comes down to the same thing. How much do you trust the casino ?
If we are talking about somehow finding a way to invest into stake or primedice than I would invest all my money into it because I trust it with all my heart.

Moreover, we have seen many casinos that get screwed thru some loophole in the code and the seed which made them lose a lot of money, for example moneypot was a great website with many casinos directly attached to it however the pot was cracked and the gamblers took away a lot of money from it which resulted with investors losing a ton of money in there.

This doesn't mean moneypot is bad, it just means when there are a lot of money at stake, hackers are really into the website 7/24.

You got the point there but with some good research you only can minimalize the effect on their casino. It does not 100% true that they will not get away with our money, in this case I will strongly recommend to invest not all of your money in one site. Although they are being very old site, I belive they will have enough bankroll to support their own site, like Primedice but for others, I think I willl still have a doubt eventhough it is a tiny one. We never know how things will go in the future