A bug fix on affiliate commission's distribution is in progress. We will update it here once fixed.  |
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Negan4 has overtook 2nd spot and it seems he is fighting for 1st! +15% bonus for today and next 2 days! Hurry up
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BTC123, KOLLOH AND DELEZ are in TOP 3, two of them are previous winners! . In 1:30 hours the bonus lowers to +15% for the next 3 days.
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Have you guys used Seuntjies Dicebot yet? It has KingDice integrated, and you can enjoy the amazingly fast rolls of the KING!
Yeah, site works great with Dicebot and rolls are really quick. Just wish my luck was better recently  Hehe Kolloh, i see you are fighting for 1st Place in wager contest! Prize is 0.3 BTC |
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Have you guys used Seuntjies Dicebot yet? It has KingDice integrated, and you can enjoy the amazingly fast rolls of the KING!
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Few hours remaining to get extra +30% of your wagers! Tomorrow it gets lowered to +15%.
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Happy New Year Guys! Lets make KingDice bigger this year, altogether! Happy New Year And of course you need make another contest or whatever it is.Just to see how people are interested in playing on your site  A new contest is up, with increased prizes! |
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Our FAMOUS wager contest is up again! Two new things added:
1st prize increased to 0.3BTC
+ The sooner you wager, the more it counts:
- First 3 days : Wagers will count +30% more.
- Next 3 days will get +15% extra wagers.
- Last 3 days no extra bonus will be given.
Sounds cool. I'm assuming the contest runs for 9 days right so we can use the countdown timer to see if we are getting bonuses? Does the leaderboard reflect the bonuses or is it added manually at the end to determine the winners? EXACTLY! The bonuses are real time. Tomorrow is last day for your +30% bonus  |
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Ok guys, you will get tip, but we lower it to 0.0003 for now. Don't forget to check our wager contest with prizes of $600!
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Happy New Year Guys! Lets make KingDice bigger this year, altogether! Year 2017 is a great opportunity for you guys to grow, since betking is closing you guys can be next bk  . you'll have to advertise! make sure you guys mention the investment option, lots of folks are looking to grow their btcs. Yes, that true. We will do our best, count on it. |
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Great ! so prize is bigger but thread says "PRIZES OF 0.50" ?
Fixed |
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I don't think it is correct to gauge gambling investments performance on a USD basis simply because the Bitcoin price increase in dollars has basically nothing to do with gambling investments as such. Some people may even start saying that they made just as much for simple holding of their bitcoins and then claim that gambling investments are not very profitable on the whole. What would you say if Bitcoin dollar price dropped? I would say that actually its a double risk investment. First risk is the bankroll investment, second risk is the bitcoin price. So actually its like two investments  |
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Delez, previous Top 3 Winner has entered the contest!
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Happy New Year Guys! Lets make KingDice bigger this year, altogether! |
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Thanks to all the Bitcoin Gambling sites with Bankroll Investing Options who replied to my PM questions this week! We went ahead and converted approx $3000 US for 5 Bitcoins and invested them evenly into 5 Gambling sites below: 1) BetKing 2) MoneyPots 3) SafeDice 4 )Crypto-Games 5) Satoshi Dice We will publish updates monthly and the first article can be found here:
http://bitcoingamblingreviews.com/bitcoin-gambling-investment/1 week in so far! -removed to shorten- What do you think will happen after 1 year? What sites will still be around? Any sites I missed that you would have invested in? For me, I suggest not to wait 1 year for those investment since sites might close or scam you. And I suggest stick you're investment on Satoshi Dice which will be around for a lot of years. You can also gain from interest account, i dont know is there any interest system of bitcoin, maybe there are Well that's a good thing that they profited somewhat a decent amount of interest from their investment. I hope though that it continues as the house also has their short-run profits. I had the same experience in investing in casinos, however one gambler really hit the jackpot in plinko and got 23 BTC. So my investments really dropped by 20% from that casino. True, but someone must not take into consideration the short term profits, but the long term. Ofcourse this depends on his % and investment amount. |
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It's worth mentioning that if your goal is maximum bankroll growth then following a simple Kelly criterion (1x) is optimal. Using a larger value actually decreases your expected bankroll growth and can even result in negative expected bankroll growth, despite all individual wagers having a positive expected value.
The thing is gambling sites normally do not allow 1x. The closest you can get on PD for example is x1.012. On KINGDICE the maximum win chance you can bet with is 98% so it gives you x1.01 but never 1x. The Kelly strategy doesn't work for gamblers otherwise they would be all rich. Yes thats absolutely true! |
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Guys, we will soon start another contest, but we have something new for you in the following days. We are thinking of implementing Leverage Bankroll investments, meaning that the investor would be able to choose the risk he wants.
Can you explain this a bit more ? I have never seen such an implementation in any Dice game accepting investments BitVest offers leverage. It's basically a way to increase your investment size without needing to deposit more. If I invest 1 BTC at a 5x Kelly, my simulated investment would be 5 BTC. Basically, it lets you increase your risk for more profit, or allow you to invest more with less counterparty risk. In this kind of leverage investment, either we can make more profit or can lose more money if a site doesn't make a profit for that period. It is similar to leveraged trading. I know leverage trading is quite dangerous and one may lose all money in short time, if don't monitor price movements closely, but in casino investment, I never tried this method yet. Yes correct, increased risk for increased profits! |
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Our FAMOUS wager contest is up again! Two new things added:
1st prize increased to 0.3BTC
+ The sooner you wager, the more it counts:
- First 3 days : Wagers will count +30% more.
- Next 3 days will get +15% extra wagers.
- Last 3 days no extra bonus will be given.
I realy didn't got point on prize (1st : 0.3 BTC *Increased*) We have increased the 1st prize. It was 0.23 but now its 0.3! |
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