Bitcoin Gambling Investments

[1BitcoinMillionaire]

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.

This. And it seems to be the most contributing factor to the consistency of their profits. Better safe than sorry, if that is ever applicable to the house itself. 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.

Need to do some simulations and this could be worked out. Looking at it pragmatically 0.5% seems like the winning model so far...

[BTCLovingDude]

I had some free time and i went ahead and made the chart that i meant above.
I believe this is much more informative than just having the chart for total profit:

[i m g]https://i.imgur.com/PbRDvAK.jpg[/img]

p.s. i could not continue past week 10 since new casinos were added and the investment amount was changed.

Great chart. Thanks for the time to share. By the way you can make the updates and even add those new site and additional investments thru gains percentaging. This way you can clearly identify the gains/loss per site as there were added amounts at Safedice.

great suggestion, i changed the x axis from profit to percentage and i could add the rest and also include the change in investment from 1 to 1.75 which happened in safedice



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.

Nice chart, crypto-games seems to be most safest to invest, very stable line. Bitvest hm what to say, very big max win is allowed for plinko, but math should work for long run. If you invested in all those sites it should be something around hm..10% profit?

Superb presentation mate, your chart will impress many gamblers to invest their money in gambling sites. I will refer your thread if anybody asks any question regarding Investment. Yes since last few months the Betking and Crypto games are giving good profit.

This is a brilliant plot of it all! Bravo

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.

This is very interesting and i am a bit disappointed because i wanted to start investing in crypto-games and now i don't know about it because 10% is not really a big deal when going from 80 to 70% but at the same time it is a new change.

to coingamblingreviews
Add this chart to first post also.

[1BitcoinMillionaire]

I had some free time and i went ahead and made the chart that i meant above.
I believe this is much more informative than just having the chart for total profit:

[i m g]https://i.imgur.com/PbRDvAK.jpg[/img]

p.s. i could not continue past week 10 since new casinos were added and the investment amount was changed.

Great chart. Thanks for the time to share. By the way you can make the updates and even add those new site and additional investments thru gains percentaging. This way you can clearly identify the gains/loss per site as there were added amounts at Safedice.

great suggestion, i changed the x axis from profit to percentage and i could add the rest and also include the change in investment from 1 to 1.75 which happened in safedice



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.

Nice chart, crypto-games seems to be most safest to invest, very stable line. Bitvest hm what to say, very big max win is allowed for plinko, but math should work for long run. If you invested in all those sites it should be something around hm..10% profit?

Superb presentation mate, your chart will impress many gamblers to invest their money in gambling sites. I will refer your thread if anybody asks any question regarding Investment. Yes since last few months the Betking and Crypto games are giving good profit.

This is a brilliant plot of it all! Bravo

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.

This is very interesting and i am a bit disappointed because i wanted to start investing in crypto-games and now i don't know about it because 10% is not really a big deal when going from 80 to 70% but at the same time it is a new change.

to coingamblingreviews
Add this chart to first post also.

Yeah that 10% is a big change, but it is still better than the competition.

[ralle14]

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.

[teilwalL05]

I really want to try to gamble with my bitcoin but I don't have enough bitcoin for now maybe if I will have enough bitcoin I will also try to gamble with my bitcoin. I also want to try to win and hit a jackpot using this. 

[Helix61be]

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

[Positid]

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

In short, investing in gambling sites are profitable. We should not doubt it because they have maintain that good reputation in terms of profitability. Now there's new dice in ICO which is the vdice, I'll keep an eye on this one. Seems legit.

[coingamblingreviews]

Wrote the latest monthly article here:

http://bitcoingamblingreviews.com/bitcoin-gambling-investments-412/

[hua_hui]

Wrote the latest monthly article here:

http://bitcoingamblingreviews.com/bitcoin-gambling-investments-412/

Thanks for keeping this thread up to date. It is kind of sad to see betking is no longer taking in investment opinion but now they are  raising fund and giving shares.

[ralle14]

Wrote the latest monthly article here:

http://bitcoingamblingreviews.com/bitcoin-gambling-investments-412/

That was a nice update and chart, moving the funds to Crypto-games is a good decision.I was planning to invest on bitvest then I changed my mind when I saw the results this week i'm surprised the returns didn't even climb. Could we know what risk level did you set when you started investing on bitvest.io curious why the results turned negative.

[tee-rex]

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

It is strange that Bitvest has been negative recently with so low a percentage of the maximum profit per bet in respect to the size of their bankroll, around 0.04% vs 0.42 at Crypto-Games. Are you sure that the max win at Bitvest is really 0.4 BTC (seems suspiciously low)? For how long has it been that? They must have a really wretched bankroll management to suffer losses with so small a max win amount.

[coingamblingreviews]

We also tipped Red-Apple BTC0.01 for creating the awesome plot for us and emailing through the excel sheet! Much appreciated 

[futurebit640]

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

In short, investing in gambling sites are profitable. We should not doubt it because they have maintain that good reputation in terms of profitability. Now there's new dice in ICO which is the vdice, I'll keep an eye on this one. Seems legit.

Not 100% profitable, but to compare gambling it is profitable, see what happened to Bitvest the OP is moved his money to another site. Like this issues will come in investment. But this type of issues is common in all type of business. We have to take a risk and move that's it. I am waiting for this month profit result.

[coingamblingreviews]

Wrote the latest monthly article here:

http://bitcoingamblingreviews.com/bitcoin-gambling-investments-412/

Thanks for keeping this thread up to date. It is kind of sad to see betking is no longer taking in investment opinion but now they are  raising fund and giving shares.

Oh I just read that - very interesting!

[coingamblingreviews]

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

It is strange that Bitvest has been negative recently with so low a percentage of the maximum profit per bet in respect to the size of their bankroll, around 0.04% vs 0.42 at Crypto-Games. Are you sure that the max win at Bitvest is really 0.4 BTC (seems suspiciously low)? For how long has it been that? They must have a really wretched bankroll management to suffer losses with so small a max win amount.

I think the big losses were on Plinko as the max win can be over BTC20. Additionally the list above says the bankroll is BTC891, however that is incorrect. That is the leveraged bankroll. It is more like BTC190 right now. So realistically if a player can win BTC20 on Plinko they are taking 10% of the bankroll in one game - Very Risky!

[tee-rex]

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

It is strange that Bitvest has been negative recently with so low a percentage of the maximum profit per bet in respect to the size of their bankroll, around 0.04% vs 0.42 at Crypto-Games. Are you sure that the max win at Bitvest is really 0.4 BTC (seems suspiciously low)? For how long has it been that? They must have a really wretched bankroll management to suffer losses with so small a max win amount.

I think the big losses were on Plinko as the max win can be over BTC20. Additionally the list above says the bankroll is BTC891, however that is incorrect. That is the leveraged bankroll. It is more like BTC190 right now. So realistically if a player can win BTC20 on Plinko they are taking 10% of the bankroll in one game - Very Risky!

Now everything falls right into place. The less the amount of profits that can be earned by gamblers in regard to the size of bankroll, the less will be the variance of profits earned by the house and their investors. In this manner, Crypto-Games is an all-in-all preferred option if you are going to invest in online casinos and want a steady income.

[V1saya]

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.
  

[Red-Apple]

We also tipped Red-Apple BTC0.01 for creating the awesome plot for us and emailing through the excel sheet! Much appreciated 

Thanks a lot, that was so generous of you. i am glad i could be helpful

[Helix61be]

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

[Dogedigital]

How can you take shots at Bitvest for 'not properly managing the max wins' while praising BetKing who had the highest volatility and max wins set in the industry?

I'm guessing it's because BetKing performed above expectation allowing investors to win and BitVest did not.

You are supposed to be a legitimate review site and yet you are basing your decisions off of fallacies.

edit; Directed towards bitcoingamblingreviews