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8621  Economy / Gambling discussion / Re: Bitcoin Gambling Investments on: February 15, 2017, 08:34:18 AM
Is kingdice reliable?

So far so good Smiley We just hit 11% returns on KingDice so far from the relatively small amount of time we have been there!

Actually over 18% when I log in now. Only thing missing is some charts people can easily use to get to see the volume and returns of the site.

With regards to is it reliable - I never say any dice site is 100% safe and if the site is new, more than likely you are taking a bigger risk. So far that big risk looks to be a big reward considering the time we have been invested and that the site does not use any leverage.

i think investing in newer dice sites is even better than investing in the old ones. simply because there are far less investors which makes any new investor a big whale because of the percentage share he gets. so with smaller amounts you can make a large profit.

although i totally agree about the risks of investing in a new casino because of it being unknown and without history and trust.

About your first point, while it's true that you will get more profits if you own a bigger share of a bankroll, your losses will also be higher. For example, if you have 5 BTC in a 10 BTC bankroll, and someone lucky wins 1 BTC on the first day, you will suffer a 0.5 BTC loss. To avoid this, you need to make sure that casino doesn't allow more than 2% of the bankroll as a win per single bet.

As for trust, there's one inherent problem with all casinos - owners can easily create fake winning while they pose as players to steal money from investors, and there's absolutely no way to prove it.
8622  Economy / Gambling discussion / Re: What is your gambling strategy on: February 15, 2017, 06:25:51 AM
My gambling is strategy is to used random bets. First i will bet smount amount and then if i won i back to my base bet but the first roll is lose. Then i will go all in so that the chance of winning will be still high. Then if win i. Early round. I already withdraw my profit then come again on the other day and enjoy spending my profit.

This is a good example of Gamblers Fallacy, you think that if you just lost a bet than the next have a higher chance of winning. In fact, your bets don't have any connection to each other, it doesn't matter if you have just lost or win, the next roll will be absolutely random and with the same chances of losing or winning as any other bets. What matters is that you will always have less chances to win and more chances to lose, some games will allow you to minimize your risk, but your expected value will still be negative.
8623  Economy / Gambling discussion / Re: Is there any insurance service for gamblers to retain heavy losses....??? on: February 14, 2017, 07:08:19 AM
I have been thinking of an insurance service for gamblers, in which they were supposed to pay regular premiums. And while placing bets can get back at least a small amount back if the lost amount is a huge one. Myself too haven't come across such services. What you people think of an insurance for gambling.

Since almost all bitcoin casinos feature some sort of referral program you can just ask your friend to make account and share his referral link with you before you visit chosen site. Your friend will start getting some percentage of your wagered amount, no matter if you win or lose, then he will just share it with you from time to time. It's not the same as insurance, but essentially you will be lowering your house edge. Keep in mind that all gambling sites prohibit referring yourself, so you can only set this up with another person.
8624  Economy / Gambling discussion / Re: What is better? To gamble or to invest? on: February 14, 2017, 06:04:39 AM
gambling is not better but it is better to invest in a casino to get the profit or if you like and is possible for you then try to start a casino with your own money but it will require a high capital for making it with developers and then for hiring some experts for it to run and for other expenditures of the casino.
Making your own casino or gambling site is really a good investment but we should really be prepared on the amount we do have because building one site wouldn't  be cheap at all and you will need sufficient bankroll to maintain and fulfill the required thing must supposed to do.

It's a business, and any business can be risky. There are many expenses when it comes to making new gambling site, like hiring designers, coders, than getting servers, marketing, etc. And then comes the risk that people won't come to your site, because they'll prefer to stick to the old ones, and also the other risk that your profits will be too small, or you even might start suffering losses.

Imo the answer for these problems is innovation, if you want to succeed you must make something really unique so it will attract many players and maybe also allow you to increase the house edge.
8625  Economy / Gambling discussion / Re: Dice game strategy? on: February 14, 2017, 05:59:20 AM
I think there is no special strategy, it all depends on luck. However the best way to win gambling dice is the focus and continue to do the analysis. Because if without calculation then we will always lose.

I seriously don't understand what people mean when they say "analysis" when they talk about gambling games like dice  or slots. The result of every bet is independent from previous bets, it doesn't matter if you have made thousands of bets or zero, it has not effect and there's nothing to analyse. Also, those games don't feature any choices, you simply press button and get your result, again there's nothing to analyse. This board is so filled with comments like "you should use knowledge, strategy, analysis, skill", but no one gives any real examples.
8626  Bitcoin / Bitcoin Discussion / Re: What is the best source of bitcoin nowadays? on: February 14, 2017, 04:54:22 AM
Investing in online casinos seem to make sense for me, because it has the potential to generate more bitcoins depending on how much risk you are willing to take. If for example you invest even the minimum amount and keep it there for atleast six months, I am sure that there’s bound to be some profits to be generated. You don’t always need to gamble to gain more bitcoin.

Investing in casino's is good enough but I don't think that it will be the best of bitcoin today. Because the return of it is not that high though it is a good source and legit way of earning. I agree with you, this is a better thing rather than gambling because you have an assurance to get more profit for investing into this type, for me buying bitcoins is the source and just hold it.

No you don't. There's no agreement between you and the gambling site's owner that you'd have your money back with or without profit when the site goes bankrupt. Even though there's house edge and once a gambling site gets loyal players, the site's bankroll can still go up and down and any time someone can hit the jackpot. When someone hits the jackpot, what you've earned from other players are all gone.

Keep in mind that all investment has risks involved. Some might seem smaller than the others but that doesn't change the fact that your money can go down instead of make profits.

Why would you invest into a casino that is not stable? Of course you will choose the best casino's for your investment. And upon investing there you can be assured that you will get profit, the longer the better because most of the gamblers are losing in the end. That's the assurance that I' saying upon investing there.

Stable or not, the casino can still go bankrupt because some people get too lucky just like the guy said. And as far as I know, the "stable" casinos are already funded. The only ones that you're going to be able to invest to are new casinos which basically has no assurance of anything since you don't know if the casino would 'click'.

A casino usually goes stable because they have good amount of players. And to have that, they put an effort on advertising their casino by being competent by other casino sites. To be able to do that, it would require tons of money which means they were already funded all along.

Right now almost all gambling sites accept investments for their bankrolls, because it allows them to increase max win per one bet and attract whales, and also helps to normalize profits with increase of wagered amount. So if you shouldn't be afraid to invest in casino even if it already has hundreds and thousands of Bitcoins in its bankroll, just make sure that wagered amount is big enough to expect your desired returns.
8627  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ann]girlstokencoin[xgtc] hybrid scrypt algo coin 10% anual rate on: February 13, 2017, 09:14:36 AM
really interesting idea concept
There are hundreds (or thousands?) of different coins, but there was no female-coin))
It was necessary to draw a little more beautiful and thoroughly

I'm sure there already have been a few "girlcoins", but anyway devs are just picking mascots and making fake promises so they can pump & dump their scamcoin.
8628  Economy / Gambling / Re: 🔶 YOLOdice.com 🔶 FAST bets, chat, quick deposits, charts and API, JOIN NOW! on: February 12, 2017, 09:16:54 PM
It would be nice to see info about open/close dates of our investments so we don't have to write it down manually. Some other sites offer even more details, like profit charts for example.
8629  Economy / Gambling discussion / Re: Can you beat the house edge on: February 12, 2017, 08:50:34 PM
maybe gambler never can beat house edge only in online casino.
Need not to be true.
It always too hard to beat the house edge in all type of casinos when are competing against house (unless it is a player vs player environment). If you are able to beat them consistently, in long run houses will go bankrupted.
I never heard there is any gambler can winning big in casino online even though there is who can win huge amout it's from lottery or slot machine. yeah maybe we have think hard to beat the house edge but I think in casino online we against system and i'm sure everything is already set by the system.

Their are some big whales who have beat the house edge and won big high but that was due to they just played some bets with all in and as soon as they won they withdrawn it and never turned back, other then that i dont think that anyone was able to win against the house edge on long term.

Winning a few bets doesn't mean that you have beaten the house edge, beating the house edge means that you somehow can win over the long run, which is almost impossible, statistically speaking. But if we are talking about just profit, than whales indeed might have a better chances, because of two reasons. First, they can make big bets with low multiplier, for example one can bet $10.000 with x1.1 multiplier and have almost 90% chance to win $1000. The second reason is that some mega whales can have bigger bankrolls than some casinos, and if those casinos haven't set a mathematically required limit for the highest win, than whales could potentially bankrupt such casino, because number of bets won't be enough for the house edge to make an impact.
8630  Economy / Gambling discussion / Re: Can you beat the house edge on: February 10, 2017, 05:07:55 PM
Can't you beat the house edge? Today, with all these Bitcoin casinos and dices, I think it would be possible to beat small house edge with like 1%.
I always deposit small amount on site and when I make it to a good balance I withdraw, then I play with faucet and loose till the next deposit.
Can you share your experience with the gambling?

You already answered your question, casinos exist because they are making profit, and they are making profit because they have the house edge. If it was possible to beat the house edge, casinos would start suffering loses and eventually close. Thinking that you can turn gambling into a source of income and solve your financial needs is very dangerous and irresponsible.
8631  Economy / Gambling / Re: ★Crypto-Games.net ★ 9 coins ★ 6 games ★ 2000 BTC Invested ★ Since 2014 ★ on: February 09, 2017, 05:18:37 PM
anyone invested in the bankroll of this site? how is it doing?
Not too bad, I'd say.

~

(Credits to retrocoingames for the chart)

Smooth sailing is how I would describe it! Smooth sailing that if continued in the long run would make Warren Buffett jealous!

Amazing site to invest and play in!
Crypto-games looks very promising in terms of investments but 2000btc are already invested in it! That is why I'm not in doubts is it better to invest in this one or some new but perspective casino. Can somebody please tell me is there is anything else sad in investing in such good casinos apart from a very small profit, because of a very big bankroll? You are still likely to have some sum of money each month or something, right? Or does it work in some other way?

If you prefer to invest in smaller bankrolls, you can try with altcoin bankrolls at crypto-games, they have a good bankroll size to wagered amount ratio and you can also get profit from the price rising of the altcoin. My current picks are Monero and Ethereum, because I believe that they have a good chances of rising, or at least not falling dramatically, while there's a good wagering activity at crypto-games for these coins.
8632  Economy / Gambling discussion / Re: Can trading be considered as gambling?? on: February 09, 2017, 03:42:27 PM
I want to know what you guys think about this, I have stopped gambling but still trade so does this mean I am still gambling??

Trading and Gambling do have a big difference. Trading do also have a risk but not that big like the risk in gambling, maybe that was you are trying to say, that Trading and Gambling is just the same because of this risk, but they are different. In trading, you are 100% sure that your money would come back, in time, but in gambling you are sure most of the time because the most of it, you lose.


You are really contradicting yourself here when you say that trading also have a risk, but than immediately add that you are 100% sure that your money would come back.

In fact trading is a zero sum game, in order for someone to get profit, other people must lose money. What makes it different from gambling is that the price changes are driven by many different factors, like investor moves, news, rumors, etc. In gambling chances to win/lose are always static and always not in players favor.
8633  Economy / Gambling discussion / Re: Everyone looses in the long run on: February 09, 2017, 03:00:57 PM
It's true that most people will lose money with gambling. The only ones that will ever make money are the casinos and those few people with a gift at poker or counting cards.
Most people loves to play luck based games because they are more entertaining than skilled based games, with luck based, we will not need to do analyzing our bets that consumes a lot of time.With this, I can tell that most of the gamblers loses in the long run, they came to play to have fun and to earn money, but they do not have the skills to do it as luck cannot be trusted in long term gambling.
I prefer the alternatives that allow you to do a more broader analysis of the game, such as blackjack, where you can use statistical and probabilistic analysis. Or sports betting, where you can analyze teams' performance to get a better view of the game, and make better decisions.

Such kinds of analysis still won't allow you to get even to 0% House Edge, so if the profit is your goal, it's better to apply those skills in other fields, like trading. But if you want to just have fun while mentally challenging yourself and adding some risk, than gambling games with elements of strategy are definitely a good choice.
8634  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: English-Russian translation for your ANN thread on: February 08, 2017, 06:21:08 PM
UP!

Looking for customers! Fast and accurate translations for your project!
8635  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ICO: CGC PROJECT Online Card Games -Refund now- New ICO on exchange soon! on: February 08, 2017, 05:34:26 PM
can you pay me for the italian translation please?

When you started doing your translation you agreed on their terms that you will be paid in CGC, but since wallet wasn't released yet, you and all other people who participated in bounty campaign can only wait for updates from the dev. We are supposed to get paid when/if the new ICO will be finished and CGC wallet will be released.
8636  Economy / Gambling discussion / Re: Do small investments make sense? on: February 07, 2017, 11:26:08 PM
When we think about investments we imagine investors with big sums of money, so for btc casino it would be 1 or more btc, for instance. However, the minimum amount you can invest is usually 0.01btc which is only 10$. Do you think such investments are profitable but you earn small sums or maybe they don't make sense at all? Can someone explain it to me?

Hi kryptqnick,

I've been seeing you around the community a bunch.

Small investments are really good to do because the amounts that a gambler earns will add up eventually if they know what they are doing. Gambling with small amounts like 0.01 BTC is really good (people in 3rd world countries don't even have $10 to play with so 0.01 BTC is a whole lot of money to gamble with if you don't have a success rate of over 84%). I would suggest people to use maybe $1 to gamble then it will add up to larger amount.

Manage the bankroll, don't let the bankroll manage you.

He is talking about casino bankroll investments, not gambling.
8637  Economy / Gambling discussion / Re: Do small investments make sense? on: February 07, 2017, 05:06:03 PM
When we think about investments we imagine investors with big sums of money, so for btc casino it would be 1 or more btc, for instance. However, the minimum amount you can invest is usually 0.01btc which is only 10$. Do you think such investments are profitable but you earn small sums or maybe they don't make sense at all? Can someone explain it to me?

Yes, small investments can make sense in 2 situations:

1) Investing with leverage

Some casinos allow this option, so for example 0.01 BTC with 10x leverage will have the same profit/loss as 0.1 BTC investment, meaning that you'll see higher profits, but you'll also lose all your investment if casino will lose 10% of its bankroll.

2) Investing in new underfunded casinos

Lets say there's a new casino opened just yesterday and has 0.99 BTC bankroll, you invest 0.01 BTC so your share is now 1%, then someone comes and loses 0.5 BTC, in that case you will get 0.005 BTC profit, which will be a half of your investment.  The problem here is that this is very risky, someone could almost just as easily win 0.5 BTC, and you'd suffer 50% loss.

tl;dr you can make a big return from small investment by increasing its risk
8638  Economy / Gambling / Re: 🔶 YOLOdice.com 🔶 FAST bets, chat, quick deposits, 5 BTC max profit, JOIN NOW! on: February 05, 2017, 10:03:19 AM
Question about transaction fees for withdrawing - do you plan to add more options with larger fees for faster withdrawing? It could be really helpful in some situations. As I understand, right now it's a flat 0.0002 BTC for all withdrawals.
8639  Economy / Gambling discussion / Re: Gambling Investment Doubt on: February 04, 2017, 11:29:01 PM
For how much time do you usually let your money invested in a casino before finish or renew it?

I'm withdrawing my BTC profits every month, while keeping my altcoin banroll investments for long term. By withdrawing frequently you will be lowering your profits, but also reducing the risks of some accident like hacking or exit scam. For example I already have around 22% ROI, if I didn't withdraw a single time I'd have higher profits since my investment would keep stacking, but if something really bad happens, I'd be left with nothing, but by withdrawing I secured some profit and even if something happens I'll be left with at least 22% of my original investment. So the question about how often do you want to withdraw is a question about how much do you trust your gambling site.
8640  Economy / Gambling discussion / Re: Why is gambling so addicting? on: February 04, 2017, 11:11:16 PM
Gambling is not addictive by itself like most of the drugs are also not addictive, addiction usually develops in people who have no purpose in life, simply bored or depressed. People start gambling uncontrollably because it gives them strong emotional stimuli, which they lack in everyday life. So to break gambling addiction people need to fix their life, find some new hobbies, friends, do sports.
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