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Aaaaarrrrggghhh!
Helix
Kebab
Psychotic
want to flip to me for .30?
No sorry, i even emailed them a few months ago for info on new special coins so im definitely gonna keep it.  |
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nice, lucky that i checked my email  |
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Je recovery seed al eens gebruikt?
Zoja, heb je je ether wallet al eens geopend in de site van myetherwallet?
Als hij daar wel opent lijkt het me de wallet van ledger zelf te zijn, mischien best deze dan eens verwijderen van je pc en herinstalleren, en desnoods tijdelijk een andere compatibele wallet gebruiken die met de ledger werkt.
Blijkt het zelfs geen verbinding te maken met myetherwallet dan mischien eens checken of die wel een degelijke USB verbinding heeft en mischien eens op een andere pc proberen.
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Yes a small upcoming bankroll can be the best investment you will make if the right conditions are met.
Lets hope the best for the new kingdice investment.
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So what is the conclusion now? Only 2 credible and currently profitable gambling websites to invest? That s not even close to sufficiency. Soon they ll be saturated and no investment needed. Crypto economy s been slowly outgrowing itself.
Yeah I feel the same way. Although the BetKing ICO is looking interesting Agreed, although there is no cap on how much they could raise so it is hard to work out what the actual value of BetKing will end up being. Yes and just now and then i checked google cache and it was quite hard with deleting messages. Not sig spam or shills or escrow spam but good well build concerns, even a message from a legendary member was deleted. And the not answering questions. Just thought that that was a shame for such a reputable site and owner |
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So Betking ICO starts today December 1. I wanna hear some people interested on this please. Investing and receiving only 30% worth of your investment. 100 million tokens and only 30% of it will be distributed to investors or 30 million tokens. The planned dividends is every 3 months.
Here is an example:
Say you invested 150 btc and ICO ended with 3000 btc collected.
150/3000 = 5% investors share
30 million * 5% = 1.5 million tokens share
I am not sure how profitable hosting a sports betting is. Although I expect it will be more profitable considering there will be more casino games + sports betting.
So for example I wanted to sell all my stake. I need to sell it at least 10k satoshis to break-even my investments.
150 btc / 1.5 million = 10000 satoshis
Token value:
3000 btc / 100 million tokens = 3000 satoshis
So is it really possible that I can sell my share at 333.33% price to break-even my investment?
10000 / 3000 = 333.33%
In this sample I didn't count the possible dividends and also the token valuations which is expected to change as it will be traded actively on exchanges too.
Comments please. Thanks.
Token value should be: 10,000btc / 100 million tokens Where 10,000btc would be the value of betking. (assuming the total would be 3000btc for 30% offcourse) Hope that helps |
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Dividends:
We will pay dividends as a share of the total profit (revenue-expenses) generated by BetKing in Bitcoin every 3 months.
This may change to be more frequent, e.g. a month, after the first dividend payment. How would this be calculated? is 30% of the profit going to the share holders minus the expenses? If so, will all the expenses be payed from that 30% profit? or are the expenses shared over the whole profit? |
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Why there's no escrow for this ICO?
You invest in the website, this website runs for year, and this project is hosted by the owner of website itself, therefore i guess no escrow needed maybe I think it's also a coin BetKing will create 100,000,000 tokens (100 million) to represent 100% shares of BetKing. Escrow is the only protection against scam, so any ICO without escrow is just more risky. But the difference here is that in the first place, a lot of people are investing in betking site previously with up to 4000 btc. So in this case, betking is quite confidence that he is able to rise a significant amount without any escrow as he already have proven that he has handle the btc well for yrs. Well, there's no evidence for anything published in the ANN, so better safe than sorry. Web archive has no copy before 2016, so there's no evidence the site was launched in 2013 https://web.archive.org/web/20130101000000*/http://betking.ioIf you go to dicesites.com and press the date then you get the history: Apr '13: pocketrocketscasino.eu Jan '14: Invest in casino Feb '14: Dice game May '14: prcdice.eu domain Jan '15: back to pocketrocketscasino.eu Nov '15: betking.io domain |
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I will be keeping an eye on this ICO. It does seem strange that a site that has had 7000btc profit would need to start an ICO though so some digging is needed I think.
7000btc profit did not go straight to the owner because it was an investor backed bankroll that received there share. If i understand correct the owner will make the bankroll private so maybe thats where his personal profit went. |
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Hey, sorry if it is a stupid question,
But what exactly gives value to the shares? I mean how is it decided in case someone wants to sell his shares.
And the three montly dividends, is it payed in btc or in the form as shares?
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What about other casinos and their bankroll management systems? Does anyone know their maximum allowed bet or win? Methinks, it is possible to develop a strategy of evaluating how safe it is to invest in a certain casino by looking at these figures.
Maximum profit per bet / bankrolls as of now for the following sites : Safe Dice : 24 btc / 188btc Crypto-Games : 5btc / 1,178btc Bitvest : 0.4btc (dice) / 891btc Moneypot : 20btc / 772btc I won't be adding betking to the list because they will be divesting all investors fund the next couple of days. For satoshidice they dont mention anything about maximum profit Wow! This is a perfect presentation along with OP's weekly updates. With Betking's planned sale and returning all investments on the 30th of December, I expect casino investors to flock to other sites most especially Crypto-Games. Although starting December 1, Crypto-Games will also start to change the investors winnings share from 80% to 70% so they can have more fund for promotions. Someone from Crypto-Games mentioned that investors can actually earn more since aggressive promotions means more people playing.
There's a chance that some will go to crypto-games and some will still stick to Betking now that they are having an ICO. Thats interesting, thanks for the information, didn't know that betking was having an ICO |
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I liked the results myself too, you can see this way that the purple line (crypto-games) looks to be the best one so far in this 3 months. and bitvest although being a shot time the worst.
And what was true for a shorter time frame turned out to be even truer for a longer time frame. Crypto-Games appears to be a long run winner even if BetKing's profits are higher all-in-all. They seem to have a pretty large bankroll and a lot of small to middle capitalized players coupled with good bankroll management. What is their max bet to bankroll size ratio? It would be interesting to evaluate this parameter among casinos. This is from the cryptogames thread Better have only 0.5% maximum win of bankroll than 10% or even 90% with kelly system. It's called safe bankroll management.
Maximum winning amount on single bet at dice is now 5 BTC!
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I am unable to predict when the casino will make money and when it is not. However, i am still using data and making some pattern recognition out of it. I invested in both moneypot and betking and i have keep track very closely for both of them even more than what you have seen here. You only see the result of betking but if you really keep track of these 3 months week by week, you will understand more. Do you know that even though betking you see is overall having good profit, there are 1 month in these 3 month it is losing money? This is what Variance is but like what most of us say, it will still tend towards the house edge. This happen to be the same person who have been taking profit from the betking for days until he lose a lot eventually and this explain why there is a good boost in the 2nd month. Similarly, when the thread starter start his first investment, betking make a huge profit(about 1000btc) within one week, and hua_hui already start telling people that is not an accurate projection. This is because it is exactly betking has been losing the pervious 1.5 months in almost every single day to these whales who is using martingale that is taking profit but in the long run, the house edge will creep in and this cause these exact same whale to lose heavily.
As i have keep track of my betking investment week by week for almost 6 months, i would have to say that i am quite happy that i did the research. And the reason why i also dont like to share is because I am sure people will disagree and argue no matter what, so I just keep the information to myself and save the trouble to talk to this. This is the big difference of people doing proper research and people who dont.
Martingale is completely different offcourse, as long as the player keeps betting he will lose in the short or long run I was invested in satoshidice when it was making good profit and moneypot, i know and saw what variance is. only thing i am saying is you can't expect that a casino will start winning just because it suddenly lost or the otherway around (again, excluding martingale) it just doens't work like that. and again it wont tend to the house edge because otherwise you would be able to calculate, there are way to many variables and the period of time to calculate an expected profit is way to short, just an example, betking is online for 3years and 8 month's and they got an 181% expected profit which is almost double then the simple house edge expected profit calculation. |
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These results re just pure luck, there s no way anyone ll see 1000 BTC lost by one single person again as it happened on Betking a few months ago. So these graphs represent PURE LUCK and nothing more.
CryptoGames seems to be showing pretty consistent results without abrupt declines. I think this is what we should expect on average from house edge coupled with proper management of the bankroll. I'm more interested why the two outsiders in the review are not giving any profits. I mean Satoshi Dice and MoneyPot. gambling is always pure luck so investing in a gambling site (against the gamblers) is also pure luck. that is an obvious enough fact that everybody knows. but that doesn't mean you can not make profit in the long run. the only thing that you should do is to find a good site which is both popular and fair and then invest what you can afford to lose.
Wrong. It is pure luck minus house edge for the gamblers, and plus house edge for the casino and investors in its bankroll I think Satoshi Dice and Moneypot could not get the betting volume with regards to the size of their bankrolls and thus were flat. It is not about betting volume. In this case, moneypot has been made a lot of profit and it is a matter of time when the players will make a huge win. That is why moneypot has been losing money recently due to the huge previous win for the first half of the year. The daily wages is actually quite decent. Think about what you are saying, that would be like predicting the future, with those logics betking Will lose again because they had a good 3 months, that's not how it works, just think about all the variables and the luck. It's just as unlogical as trying to calculate profit based on house edge. and in a way what your saying is the same as predicting profit. A year is waaay to small to use the law of large numbers |
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Well it went 3 months and had little to no variance with the Bitcoin Gambling Investment Experiment and was slightly negative. So the fact is that is was a poor investment over that period.
Yes indeed and you dodged a bullet with that, i just wanted to say that is not just the wagered amount because they got that. I guess that i mean that everything can change in the future, you get what im trying to say. |
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These results re just pure luck, there s no way anyone ll see 1000 BTC lost by one single person again as it happened on Betking a few months ago. So these graphs represent PURE LUCK and nothing more.
CryptoGames seems to be showing pretty consistent results without abrupt declines. I think this is what we should expect on average from house edge coupled with proper management of the bankroll. I'm more interested why the two outsiders in the review are not giving any profits. I mean Satoshi Dice and MoneyPot. gambling is always pure luck so investing in a gambling site (against the gamblers) is also pure luck. that is an obvious enough fact that everybody knows. but that doesn't mean you can not make profit in the long run. the only thing that you should do is to find a good site which is both popular and fair and then invest what you can afford to lose.
Wrong. It is pure luck minus house edge for the gamblers, and plus house edge for the casino and investors in its bankroll I think Satoshi Dice and Moneypot could not get the betting volume with regards to the size of their bankrolls and thus were flat. Moneypot had a real good profit in the past, if you was there some months before then you would have doubled your investment, also know that things like that can be easily checked. At http://eeeth.com/mpstats/ when you tap the waggered button you can see that it's a straight Line which makes your statement untrue i think |
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Good job with the graphs, i think you should have 2 graphs.
A total graph (Nice detail putting the usd and btc separate)
and the graph with all the casino's separate, this gives a clean and clear look of what is going on and what went on in the past.
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You can check anything you want, if you know me then you would know that i was a pretty big investor in moneypot, i got out right on time. I love moneypot but it just seems that a lot of People here would defend anything that happens which is just insane |
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