Bitcoin Gambling Investments

[tee-rex]

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

You shouldn't consider only the max win amount. You should compare it against the size of the bankroll. If you are a casino owner and you can lose up to 10% of your bankroll in just one bet, you should be ready to see massive drawdowns and anticipate that the bankroll may be drained dry and clean deadly fast.

[fullypak]

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. 

I suggest you can just try once in awhile this gambling and if you're lucky then surely one day you will win the jackpot but don't gamble only to win jackpot because in this process you may lose quite a lot of money. Gambling is not for winning jackpot but for your enjoyment so always gamble carefully.

[RHavar]

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

Good question. I'm not really familiar with how bitvest works, but has anyone calculated if they're operating at above the risk recommended by kelly criterion?  If they're allowing their normal investors to be subjected to more than a kelly of risk, I'd say they're not properly managing it. If they're letting their normal investors be subject to more than 2x kelly, I'd say they're being negligent.

However, if it's just their leveraged investors who are at above a sane level of risk, then it's really their own fault. At that point you're not really investing, you're just +EV gambling with a mathematical guarantee that if you do it long enough you will bust.

Speaking of which, I assume when this site invests they're not using leverage? As if they're using the leverage options, it's effectively gambling and it's not really a fair comparison as pure random luck will make a lot more difference than any differences in the sites.  

[retrocoingames]

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

You shouldn't consider only the max win amount. You should compare it against the size of the bankroll. If you are a casino owner and you can lose up to 10% of your bankroll in just one bet, you should be ready to see massive drawdowns and anticipate that the bankroll may be drained dry and clean deadly fast.

Exactly...

[crazyivan]

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.

[tee-rex]

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.

Something else will come up until it also gets saturated and exhausted eventually. You should just keep your eyes wide open and look for something new to pop up if you want to be among the first to jump on that bandwagon. Bitcoin itself was like that, but this doesn't mean that there will be no more opportunities to earn decent profits in the future.

[BTCLovingDude]

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.

you should use the data that has been provided in this topic to make a decision for yourself, it really shows how volatile this type of investment can be and you can already see the risks in all of the investments so far.

and besides this market will never be full. specially with the new bitcoin price rise there will be newer sites and even newer businesses (other than gambling) coming along wanting to have a piece of the profit.

[1BitcoinMillionaire]

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

[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

You shouldn't consider only the max win amount. You should compare it against the size of the bankroll. If you are a casino owner and you can lose up to 10% of your bankroll in just one bet, you should be ready to see massive drawdowns and anticipate that the bankroll may be drained dry and clean deadly fast.

Exactly...

If I recall correctly, BetKing was offering somewhere around 450 Bitcoin Max bet when the bankroll was at 4500 Bitcoin?  If this max bet won, regardless of what you had invested, you would stand to lose 10% for the bet and another 2.5% (?) for the commission for -12.5% of your investment from one bet.  

So I'm not quite following what reasoning you are explaining for the praise for BetKing and dislike for Bitvest.

[retrocoingames]

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.

[Helix61be]

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

[Nivir]

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

Betking trying to transform into a complete casino package with sports betting thru crowdfunding is cool. But the terms and deal are not feasible at least on my own assessment. ICO thread deleting some messages means it won't negotiate and is considering that those terms and conditions are final. So I am out for now. Let's see how it goes.   

[tee-rex]

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

You shouldn't consider only the max win amount. You should compare it against the size of the bankroll. If you are a casino owner and you can lose up to 10% of your bankroll in just one bet, you should be ready to see massive drawdowns and anticipate that the bankroll may be drained dry and clean deadly fast.

Exactly...

If I recall correctly, BetKing was offering somewhere around 450 Bitcoin Max bet when the bankroll was at 4500 Bitcoin?  If this max bet won, regardless of what you had invested, you would stand to lose 10% for the bet and another 2.5% (?) for the commission for -12.5% of your investment from one bet. 

So I'm not quite following what reasoning you are explaining for the praise for BetKing and dislike for Bitvest.

The reason for praising BetKing seems to be evident. Investments in this casino returned as much as 44% while Bitvest returned only losses so far. Maybe they are not as provable as they pretend to be, maybe it was pure luck, even twice, but no matter how you look at it, profits as well as losses are real. I wouldn't be quite happy with losses either.

[ralle14]

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.

There's still another dice site that they haven't tried investing on and that is bitdice.me and afaik kingdice was planning to open an investment feature on there site in the future. I see some investors of betking already moved to bitdice and yesterday their max win bet suddenly increased from 60btc to 90btc.

[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

You shouldn't consider only the max win amount. You should compare it against the size of the bankroll. If you are a casino owner and you can lose up to 10% of your bankroll in just one bet, you should be ready to see massive drawdowns and anticipate that the bankroll may be drained dry and clean deadly fast.

Exactly...

If I recall correctly, BetKing was offering somewhere around 450 Bitcoin Max bet when the bankroll was at 4500 Bitcoin?  If this max bet won, regardless of what you had invested, you would stand to lose 10% for the bet and another 2.5% (?) for the commission for -12.5% of your investment from one bet. 

So I'm not quite following what reasoning you are explaining for the praise for BetKing and dislike for Bitvest.

The reason for praising BetKing seems to be evident. Investments in this casino returned as much as 44% while Bitvest returned only losses so far. Maybe they are not as provable as they pretend to be, maybe it was pure luck, even twice, but no matter how you look at it, profits as well as losses are real. I wouldn't be quite happy with losses either.

So I guess it does come down to the bolded part of my original quote?

[tee-rex]

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

You shouldn't consider only the max win amount. You should compare it against the size of the bankroll. If you are a casino owner and you can lose up to 10% of your bankroll in just one bet, you should be ready to see massive drawdowns and anticipate that the bankroll may be drained dry and clean deadly fast.

Exactly...

If I recall correctly, BetKing was offering somewhere around 450 Bitcoin Max bet when the bankroll was at 4500 Bitcoin?  If this max bet won, regardless of what you had invested, you would stand to lose 10% for the bet and another 2.5% (?) for the commission for -12.5% of your investment from one bet. 

So I'm not quite following what reasoning you are explaining for the praise for BetKing and dislike for Bitvest.

The reason for praising BetKing seems to be evident. Investments in this casino returned as much as 44% while Bitvest returned only losses so far. Maybe they are not as provable as they pretend to be, maybe it was pure luck, even twice, but no matter how you look at it, profits as well as losses are real. I wouldn't be quite happy with losses either.

So I guess it does come down to the bolded part of my original quote?

Yes, it does. I specifically emboldened that part. Really, why would anyone like something if it is giving him only headaches? On the other hand, if something is giving you profits you are expected to value it high or even praise it. What's wrong with that? Objectively, BetKing may be not much better than Bitvest, but we have what we have. BetKing has been profitable while Bitvest not.

[KingDice]

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.

There's still another dice site that they haven't tried investing on and that is bitdice.me and afaik kingdice was planning to open an investment feature on there site in the future. I see some investors of betking already moved to bitdice and yesterday their max win bet suddenly increased from 60btc to 90btc.

Hehe, KingDice.com started accepting investments 1 week ago! 

[coingamblingreviews]

Ok everyone as I said in my last blog post I have now withdrawn from Bitvest and BetKing.

I then went and put all the BetKing and Bitvest balance into Crypto-Games

So the current balance on each site and the initial investment in each site is below:



Latest Plot of results is below:

[1BitcoinMillionaire]

Crypto-Games returns have been so smooth, they are definitely doing something very right!

[Maslate]

Ok everyone as I said in my last blog post I have now withdrawn from Bitvest and BetKing.

I then went and put all the BetKing and Bitvest balance into Crypto-Games

So the current balance on each site and the initial investment in each site is below:



Latest Plot of results is below:

I was surprise only the two remains in your investment experiment, and I was thinking also Safedice is not that profitable as base on my gambling experience with them, I notice there's no great volume of gamblers visit the site. Anyway, you have the result and maybe they improve now since they have increased they bankroll as well.