Slot games is bad games. I guess
I dont like it, too hard to win in this games and need 100% on luck.
Slot machine is really depend on luck as you have no control over the outcome. So you are either the lucky one who happen to be selected by the machine or you will be the unlucky one where no matter how much you spin, you will end up getting nothing. Slot machine also has one of the highest house edge. |
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How much risk is coingamblingreviews taking. After 6 months, he risked 5 bitcoins to have a return of more or less 1.5 bitcoins. That does not look bad at all. But what I want to know is is there a risk of losing all your investment in 1 casino in a short time? If he lost all his 1 BTC investment on Kingdice then that will be 2/3 of his 6 month profit lost.
It is not likely but possible. One of the example is moneypot. It acctually used to be the 1 of the first 5 casino that he invested. However, after a few months of bad result, he pulled it out and that is an extremely good move because moneypot continue to lose money and in another 2 more months time, it lose like 800btc. The profit fell from an all time high of 1400btc to 400btc. |
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This is a really nice topic, it seems that in 6 months the OP had a return of about 32% on his investment which is great, which means that he got approximately earnings of 5% every month that is way more than what you could get in the whole year if you had that money in the bank.
If things remain constant then my prediction is that at the end of the year the OP will earn 79% and that his final balance will be something around 9.1BTC.
The OP investment for me is quite successfull ,The have 5% of earning in each month not doing anything, Its like a passive earning. As time goes your investment will return to you and The profit will be attach on it. Its just thr risk of being scammed is the major disadvatage of investing even on a gambling site. Exactly. So that is why the monthly % returns are really big. To compensate the risk... it is not designed this way! so it is not compensating anything. you are investing in a highly risky business but since the house edge ins the favor of the house and also the fact the people are greedy in gambling and they all end up losing at some point means the house will win and when you invest in the house bankroll you win too. but this is only for long term and honest house not in short term or for dishonest cheating houses that report wrong results to pay less or not pay. It is not designed this way, but Bitcoin Gambling Investing is a free market economy. So newer sites incentivise people to come, CryptoGames initially had a better % for investors so arguable more went there. A smaller house edge could mean more volume (SafeDice) a smaller bankroll (KingDice) could mean bigger swings. Capital flows in Gambling investing sites is not completely chaotic and I believe there is some correlation between where people invest, versus returns and the risk profile. More chaotic than predictable but not 100% chaotic. If you look at the short term, it can be very chaotic. Like there can be a drop in 10% of the bankroll due to a huge win. However, the math works well and through time, it should be able to recover and continue to grow from there. And some casino has already shown that the investment fund is growing at a very steady rate week after week. |
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Getting a good bonus while gambling is always a added bonus as the chances of winning will increase if you could make use of the bonus they are providing and thereby reducing the house edge and the leverage you have against the house at a given time and so i would gladly accepts any bonuses given by the casino to increase my chances .
Bonuses has no connection with increasing our winning chances, it's not free as we think, most likely if you will not understand it fully, it might become a trap for you spend more just to reach that bonuses. Gambling sites offers different type of bonuses which is to attract new clients and to retain the old ones, but bear in mind, it's not free, it's created for a purpose which is to increase their profit. I totally agree with what you say. Most companies, even in real world, have a lot of promotions is mainly due to either want to increase their profit or to increase the presence of their company to grow more database. In the end, it is still about company spreadsheet and how much can you benefit the owners and investors. |
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Finding a reputable casinos is not a hard job to do, we have threads here dedicated for a specific casinos running their business and we can always read the feedback of the people, and we have already a good understanding on where to invest. Though it does not guarantee that we are scam free but at least we are confident with what we are doing. Moreover, we need to diversify our investments.
If we do not have bitcointalk forum, I believe there would be only fewer chances for us to have or to identify reliable casino. There are some third party services on gambling site's review but they are biased and sponsored. Definitely I will not even think about investing into a gambling site which is not maintaining their trust score here in this forum. What their business levels or hectic schedules, they must have answer for people's questions and doubts in this forum so that I can conclude them trusted and will invest with them. There is also some website that keeps track of all these btc casino. The site provides daily volume of gambling, the daily amount of btc wages, and the profit etc. They have already declare that their choices of btc casino is strict and certain casino is not allow to be part of it cause they try to false some data. He probably did not want to give us the link, because betcoin.ag is exluded. Betcoin.ag false and misleading claim on their website to have 10000s forum members and send false data about their traffic to pokerscout.com. Pokerscout still show the same statistic, while their Alexa Global Rank dropped 62% recently! Something is odd here.  Let us talk about a Bitcoin poker room in free fall, betcoin.agThe website did not state the reason why he did not include certain btc casino but i remember he did explain it in this forum when someone question about it. And the reason given is valid so that is why a lot of people especially btc casino investor are quite reliable on the website. Overall, the up and down on the investment fund tally with the site too. |
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Investment is a good way to increase your portfolio ,it really doesnt matter whether it is a micro amount,with time you could accumulate a large amount of money if you really have the habit of saving small amounts and invest in any major projects or shares.
Starting from small investment and will slowly making progress is a big thing that will fulfill us in the future. There are stories of people from rugs to riches, clearly they made a lot of effort before they reach such kind of success in life. It's a journey and in that journey you will have to face a lot of trials and you may fail but you have to rise every time you fail, you will never be successful if you quit, put that in mind. Yes ,all true some of us can't afford big investment in one down ,I believe all successful people not only depends on money but in their great ideas and perseverances in life. Its like a water every drop counts , every sweat in our body is worth it if we do good in ourselves and others . For me every little thing and effort if it is appreciated it all worth . Acents of investment and do your best to make it grow nothing is impossible .Strive Harder . Indeed. Investing on something is a smart way of working with your money as long as its well though and researched about. The small amoubt you've invested may very well reap good dividends in the long run so it really doesnt matter if its small or big as if you do it right, the results and return would still be beneficial financially Small investment is also able to grow your money as long as it can generate more profit for you. And that is the power of Compound Interest that we learn in school. In addition, small investment can help you to understand how things work in that company. So you can know if it is a good investment tool or not. When you have more money in the future, you can allocate the funds more effectively. |
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i know most of us knew about martingale and we do use that in order to gain profits but we also aware that this same system is not safe in a long term period as we will be caught out of the blue and our winning streak will start to change up, do you have any settings of strategy to make it much worthy to use? So for me, I believe in order to make a martingle system work you need to have a huge starting bankroll. It will not work if you have a small bankroll because once it hit a loss it will eventually loose all your winnings and your starting money. Share it here if you have something there  If you want to win using martingale you need to have a big fund in your bankroll balance because if not, it wouldn't be enough to use it if you only have a small fund in the bankroll. So much better for you to do gamble in the gambling sites rather than martingale methods. By using martingale it needs self discipline for you to win in the games so it can give you profit even you have a small capital. It is really a common misconception of people to think that martingale is great with huge bankroll and discipline. It is about the probability and expected value. It does not matter how many times you can win previously. As long as the expected value is negative, one losses can make all your profit to be gone. And it is just a matter of time. |
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Gambling help out on my life?Never since its just a game and i do treat it as an entertainment and not on making out of money on it. Some people do really think of this thing about gambling that they believe that gambling could make them rich and would help out their life.
If never then you should stop doing it, if you treat it as an entertainment then it would be easy for you to accept loses as what is more important to you is to enjoy even at times you lose. Everyone wants to enjoy and win money at the same time but somehow it could help us to have fun to forget our problems for awhile, take note that money is not only the big problem in this world and it's not also the only way to be happy. And gambling may veryvwell teach us important lessons about priorities and proper time/money management. Though most of the time these lessons come in as realizations right after we've lost already in a game or we've lost a considerable amount of money. Many of us learn through experience and gambling can teach you a very hard lesson the hard way that you can really apply in life and can make you a better person Gambling is addictive, similar to gaming so it requires a lot of discipline to control yourself. The temptation is always there and you must know when to stop. Otherwise, it will destroy your life and even affect those who love you. |
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Yes, gambling is very tired , But gambling as fun and exciting
Gambling is fun because it requires you to risk your possession in exchange for something bigger. This will make you feel more involved in the process. That is how i feel when i watch a soccer match and the diff i feel when i have a bet or not. And that is why gambling can be so addictive cause it add colors to your life. |
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They are not reliable at all. It doesn't matter how many years the casino is up. It can rip their customers off and go rogue at any time. That's same for almost any business by the way. It even applies to the banks.
You are/will be never safe unless you hold your wealth in your hands. If they are in some other people's hands, you are at risk.
There is always risk involved when you invest. However, holding on to your money is in fact the most irrational way. First, you are extremely weakness to theft or robbery. 2ndly, you are actually losing money due to inflation. The purchasing power that you have will become lesser and lesser. So no matter what, there is always a risk involved. Do you know that banks can be backed by government? So even if bank goes down, you still can claim back a certain amount of money back. |
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To me, small investment is necessary. It is not logical to tell someone to just throw 100% of their money in without understanding anything. So it is always start small and figure out more details first before you head right in. Just like some btc casino does not have good regulations that can end up letting you lose like 50% of your bankroll.
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Gambling is the best tool to get lots of money in the shortest amount of time with the least skill required. In fact, nowadays the games are designed in such a way that it does not requires you to understand anything and you just move with the flow. The machine or the dealer say you win, you win and they say you lose, you lose your money. And that is why so many people get addicted cause the entry level is not high.
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I use analytics for all gambling it may take time but I don't like to gamble at random to make use luck as an anvil and it's very harmful. be smart for gambling If you are really using analytical skills in gambling, then you will realise that gambling should not even be considered. The games are meant to make you lose and not help you to profit from it. So to be smart in gambling is to not gamble. |
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Finding a reputable casinos is not a hard job to do, we have threads here dedicated for a specific casinos running their business and we can always read the feedback of the people, and we have already a good understanding on where to invest. Though it does not guarantee that we are scam free but at least we are confident with what we are doing. Moreover, we need to diversify our investments.
If we do not have bitcointalk forum, I believe there would be only fewer chances for us to have or to identify reliable casino. There are some third party services on gambling site's review but they are biased and sponsored. Definitely I will not even think about investing into a gambling site which is not maintaining their trust score here in this forum. What their business levels or hectic schedules, they must have answer for people's questions and doubts in this forum so that I can conclude them trusted and will invest with them. There is also some website that keeps track of all these btc casino. The site provides daily volume of gambling, the daily amount of btc wages, and the profit etc. They have already declare that their choices of btc casino is strict and certain casino is not allow to be part of it cause they try to false some data. |
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How reliable are these casinos and are they likely to scam?
If you stick with some of the oldest and trusted bitcoin casino than chance of getting scammed is almost zero. But you better read about all terms and condition they have along with rules/wagering requirement of any deposit/redeposit bonus they have before depositing anything. It isnt still on 100% trust since anytime they could able to ran away but making some basis the chances are very slim specially when you are playing with the oldest casino sites which there are lots of players on it. Chances of scam wont be that big but theres no assurance until when. No Btc casino is 100% foolproof since everything is just digital. Even mtgox can be gone just by one hack. So btc casino is actually a very risky platform to gamble. However, btc casino also comes with huge advantage that makes it so attractive to bring people to gamble. So if you were to choose one btc casino to try it out, i would choose the most reliable btc casino as that is the best choice i have. |
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This would be the right place for the discussion IMO, anyway investing is better mathematically than gambling since the house edge is in your favor, the tough question is the place to invest in, Just-dice was the obvious pick before but now it's not as easy as before to choose where to invest.
Investing indeed is one of the better choice as compare to gambling. And this has been proven to be true for me. I have experience very good returns from investing and i lost everything in gambling. There is a lot of good places to invest in for now but one warning is that not all the casino will promise profits. It also depends on the time you invest in. In the long run, it should be a profit but if you are just investing in a few months, you may not be able to taste the success. |
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I am a conservative gambler, so if I make money, I will withdraw my all money, I will get them in my pocket first. In the future, if I have profit from other sources, I will deposit money to do this.
It is always important to try to protect your initial bankroll and base amount. In this way, you can reuse your bankroll in other investment or other gambling to generate more sources of income. This is how many other investors, like property investor do. They always try to find the highest ROI so they can continue to re-roll their money. |
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I think investing is more risky than gambling because most of investing websites are just scam, but in gambling you have better chances to make your bitcoin grow. How about you guys what do you think?
That is totally so wrong. If you choose to gamble, you will also end up with a websites that is just a scam. So to gamble or invest, you need to find out what are the established website first. In fact, investing has more chance to success as compare to gambling. Gambling will always make you lose while invest can have amazing profit. |
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If your always in badluck is it wrong but if you are always win is it right so if you are always a winner it is right and therefore if you are always in the losing is wrong. He he. It is a matter of destiny i guess.
Gambling is just a type of entertainment. According to what you are saying, does going to movie theater wrong because you need to lose some money for the ticket? Gambling is not illegal and that is why some country actually allows it. |
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I think this is related to the will that the human being has to always take revenge on something, thinking that this is a way to recover the losses. In many situations this works, but in gambling people usually end up losing more money.
Well, they really want to take back what they gave been lost. It is somewhat means taking a revenge in the game or gambling. But unfortunately, not all gamblers are getting back what they have lost but just increase the lost capital. Luckily not all people usually lost, but in rare occassions, there are people that are winning. 90%-95% of gamblers lose money while only 5% are making profit. That is how gambling works and those trying to get back what they lose have a very high chance to lose more money. Casinos make a big profit this way, when players are too greedy that they don't stop until they recover what they lost, and when this happen there isn't way to recover all the money, it becomes a big snow ball. The sad thing is that these 5% will end up not making any profit. They may have won the first few times, but this will make them even more addicted cause they believe that they will continue to win so they end up going more. And due to the nature of probability, they will eventually end up losing more and even the previous profit will return back to the casino. So as long as you bet, there is hardly any way you can get profit out of it in the long run. |
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