🌟Bitvest🌟 ▌Invest In A Gambling Site

[SparkedDev]

Well loses are already like that, but now there is a another game a whole wider ranger of gamblers that would likely play.
Over the next few months more games will be added, but they all will have the same funding source the main investment.
So higher the investment higher the limits go, bitvest allows margins to allow the limits to go higher hoping to gain more profits.
So if the main investment takes a hit the limits on all games will go down, reducing loses that can be taken.

In theory its impossible to lose 100% of your investment, the more investors that join the less you will likely lose on big loses since all loses are shared between everyone.
Based on users cut of the pot, is based how much you lose or gain so how fast you will gain, you can choose up to 500% margin.
The higher your cut the faster you are likely to hit that 500% of your investment.

[FUNDB]

I would advise not investing in Bitvest.io. They do not portray how much of a cut they take from investors anywhere on their site, in fact you need to locate their bitcointalk thread to find that.


House edge: 1.8%
Their cut: 0.65% of every bet wagered
True HE for investors: 1.15%

Now for margin. They allow margin investing, sounds like it would be a benefit for investors... Well it isn't. Because just about every investor utilizes it (meaning your % share of the bankroll does NOT increase, thus your profits do not grow bigger). What this does is open you up to dangerous variance. Such as the bet on April 26 on Bitvest that wiped out over 15 BTC of the real invested amount (or 15% of the total bankroll). Another site that operated this was was SafeDice... Which got hammered and lost over 90% of the user's bankroll from a single dice shot.


This site also has low volume. 2800 total wagered is nothing, especially for a site that has been open this long. Less volume = less profit for investors.

[SparkedDev]

I would advise not investing in Bitvest.io. They do not portray how much of a cut they take from investors anywhere on their site, in fact you need to locate their bitcointalk thread to find that.


House edge: 1.8%
Their cut: 0.65% of every bet wagered
True HE for investors: 1.15%

Now for margin. They allow margin investing, sounds like it would be a benefit for investors... Well it isn't. Because just about every investor utilizes it (meaning your % share of the bankroll does NOT increase, thus your profits do not grow bigger). What this does is open you up to dangerous variance. Such as the bet on April 26 on Bitvest that wiped out over 15 BTC of the real invested amount (or 15% of the total bankroll). Another site that operated this was was SafeDice... Which got hammered and lost over 90% of the user's bankroll from a single dice shot.


This site also has low volume. 2800 total wagered is nothing, especially for a site that has been open this long. Less volume = less profit for investors.

Bitvest only has like 30 investors most the profit was made around 30-40 btc invested.
Most of it has been made since February not October an the lack of profit is do to lack of user interest.
Bitvest was more worried about building a higher quality product then massive profits.
An many of the investors who joined at the start i'm pretty sure cleared 100% on their investment doubling it.

As for margin based investments, the limits go up an down there is no way to win that much, first big hit the limits drastically change.
I'm talking about oh you can win 14 btc they hit it well now you can only win 4 btc because the massive drop.
In the short term you might lose some but its no where close to 90% they will hit edge before that happens as the gi go's down so does the amount they can win at one time.

Also the house edge is 1.7 not 1.8 the house splits it as 1.15 to investors an 0.55% to site an only on gamblers loses.
The rest of the bet go's fully to investors so every bet 99.45% of all loses go to investors.

[SparkedDev]

Roulette has finally been launched for any of the investors who keep track of this post.

[SparkedDev]

New update for investment tab:


You can now compare based on a 5 btc lose how much you would get based on your investment.

[Dogedigital]

I would advise not investing in Bitvest.io. They do not portray how much of a cut they take from investors anywhere on their site, in fact you need to locate their bitcointalk thread to find that.


House edge: 1.8%
Their cut: 0.65% of every bet wagered
True HE for investors: 1.15%

Now for margin. They allow margin investing, sounds like it would be a benefit for investors... Well it isn't. Because just about every investor utilizes it (meaning your % share of the bankroll does NOT increase, thus your profits do not grow bigger). What this does is open you up to dangerous variance. Such as the bet on April 26 on Bitvest that wiped out over 15 BTC of the real invested amount (or 15% of the total bankroll). Another site that operated this was was SafeDice... Which got hammered and lost over 90% of the user's bankroll from a single dice shot.


This site also has low volume. 2800 total wagered is nothing, especially for a site that has been open this long. Less volume = less profit for investors.

Bitvest only has like 30 investors most the profit was made around 30-40 btc invested.
Most of it has been made since February not October an the lack of profit is do to lack of user interest.
Bitvest was more worried about building a higher quality product then massive profits.
An many of the investors who joined at the start i'm pretty sure cleared 100% on their investment doubling it.

As for margin based investments, the limits go up an down there is no way to win that much, first big hit the limits drastically change.
I'm talking about oh you can win 14 btc they hit it well now you can only win 4 btc because the massive drop.
In the short term you might lose some but its no where close to 90% they will hit edge before that happens as the gi go's down so does the amount they can win at one time.

Also the house edge is 1.7 not 1.8 the house splits it as 1.15 to investors an 0.55% to site an only on gamblers loses.
The rest of the bet go's fully to investors so every bet 99.45% of all loses go to investors.

Are you sure about this "The rest of the bet go's fully to investors so every bet 99.45% of all loses go to investors." ? 

[SparkedDev]

Yep i'm pretty sure everything on the site is pretty well documented.
we haven't had any issues since the launch of anyone feeling they aren't getting what the site says they are.
On every lose a gambler makes 99.45% of everything go's to investors unless the bet is so low that they can't get a fee of 0.55%.
But on the lose of investors to gamblers the site makes nothing, only on the lose of gamblers.

Full profits can be seen on the stats tab, an more detailed info here https://bitvest.io/charts

[elm]

what is the maximum profit for a player or max risk of the Bank Roll  right now according to Invested (Real) and Invested (Margin)

[SparkedDev]

what is the maximum profit for a player or max risk of the Bank Roll  right now according to Invested (Real) and Invested (Margin)

The max profit for a user is based on how high the bank roll an margin are. But if there is a big lose the limits tank.
As of the risk depends on the game they are playing on the site both roulette an plinko are funded by the same investment.
A big lose would lower the amount you can bet on all games that will be added over the next few months.

As for risk them hitting a high 1111x 1250x multiplier with a limit bet is about 1:32k chance of hitting.
If they use more then one drop it lowers the amount they can win by half for ever drop they add to a max limit bet.

As for roulette them hitting with a max bet is about 1:37 chance of hitting but in most cases people don't just yolo bet 1 number.
But if they are they are an hit they are looking at x35 whatever they bet.

[Golftech]

what is the maximum profit for a player or max risk of the Bank Roll  right now according to Invested (Real) and Invested (Margin)

The max profit for a user is based on how high the bank roll an margin are. But if there is a big lose the limits tank.
As of the risk depends on the game they are playing on the site both roulette an plinko are funded by the same investment.
A big lose would lower the amount you can bet on all games that will be added over the next few months.

As for risk them hitting a high 1111x 1250x multiplier with a limit bet is about 1:32k chance of hitting.
If they use more then one drop it lowers the amount they can win by half for ever drop they add to a max limit bet.

As for roulette them hitting with a max bet is about 1:37 chance of hitting but in most cases people don't just yolo bet 1 number.
But if they are they are an hit they are looking at x35 whatever they bet.

to my assessment there's a lot of good opportunity if you invest to the bank rather trying your luck betting with you coin, I think the site is also cool to play both plinko and roulette I would love to see this site grows more and to add more games in the future, good luck dev team may you find more investors for more future development of your site.

[Dogedigital]

Yep i'm pretty sure everything on the site is pretty well documented.
we haven't had any issues since the launch of anyone feeling they aren't getting what the site says they are.
On every lose a gambler makes 99.45% of everything go's to investors unless the bet is so low that they can't get a fee of 0.55%.
But on the lose of investors to gamblers the site makes nothing, only on the lose of gamblers.

Full profits can be seen on the stats tab, an more detailed info here https://bitvest.io/charts

So... what you're saying is that the fees are only taken on losing bets.  I didn't know that.

[SparkedDev]

Yep i'm pretty sure everything on the site is pretty well documented.
we haven't had any issues since the launch of anyone feeling they aren't getting what the site says they are.
On every lose a gambler makes 99.45% of everything go's to investors unless the bet is so low that they can't get a fee of 0.55%.
But on the lose of investors to gamblers the site makes nothing, only on the lose of gamblers.

Full profits can be seen on the stats tab, an more detailed info here https://bitvest.io/charts

So... what you're saying is that the fees are only taken on losing bets.  I didn't know that.

yep basically

[SparkedDev]

New game added to the list of new incomes sources for investors:

[AcoinL.L.C]

Yep i'm pretty sure everything on the site is pretty well documented.
we haven't had any issues since the launch of anyone feeling they aren't getting what the site says they are.
On every lose a gambler makes 99.45% of everything go's to investors unless the bet is so low that they can't get a fee of 0.55%.
But on the lose of investors to gamblers the site makes nothing, only on the lose of gamblers.

Full profits can be seen on the stats tab, an more detailed info here https://bitvest.io/charts

So... what you're saying is that the fees are only taken on losing bets.  I didn't know that.

yep basically

I'm almost positive that is false, commissions I paid on my invested portion seemed to be based on wins/losses, not just losses. Its not a terrible gig for investors though, the high house edge is great, just could use a bit more volume

[SparkedDev]

Yep very good solution for investors.

[AcoinL.L.C]

Yep very good solution for investors.

I double checked, you do pay the commission on both wins and losses. Still not a bad gig for investors.

[SparkedDev]

Yeah sorry about that i had known what it was but i get asked so many times that an people asserting how things are it kinda confused me.

But small update its already been announced a new game is coming out more details should be out with in the week.

[crazyivan]

Anyone from actual investors commenting on profitability of the website? No offence to the OP but I d like to hear what do people who re not affiliated with the website think about it?

Thx

[SparkedDev]

Anyone from actual investors commenting on profitability of the website? No offence to the OP but I d like to hear what do people who re not affiliated with the website think about it?

Thx

That might be hard since from what i know most the investors don't even talk in the chat.
Anytime ive asked who is invested never got a response even though the site shows over 27 people invested with 38 btc profit currently.

Ill try to get some investors to comment in here pretty sure not many of them even know about the post.

You can also see data for the days an like last 2 weeks or so here:
https://bitvest.io/charts

Current data on investors:

[Naoko]

Anyone from actual investors commenting on profitability of the website? No offence to the OP but I d like to hear what do people who re not affiliated with the website think about it?

Thx

Personally, invested few dollars on their first months and i profited around 40% of my investment, im just not sure if the profitability nowadays is still good coz the total investment amount is almost 10x now