GAMBLING SITE INVESTMENT

[Yatsan]

So here's my update for week3!!

This is the update for bustadice:

This is my total profit for:
BTC: 0.00037582
USD: 46.17
PHP: 2,409



This is the update for Yolodice:

This is my total profit for:
BTC: 0.00065025
USD: 61.84
PHP: 3,208



Here's the spreadsheet:



The profit this week is really small, but BTC price is going up so there's a profit for that too!
This is a combination of long term holding of BTC and profit for investing in gambling sites,

What are your thoughts this week? 

[1715292520]

1715292520

[1715292520]

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[1715292520]

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[Russlenat]

Great job, though the profit is just small but at least you are in profit mate.

If we will compute your profit which is BTC: 0.00037582 to the current price now per http://preev.com/... that will be 2.904 usd or 147.1 pesos only in Philippine currency.. Not much, but I expect it will compound in the long run, we can't just control the price of bitcoin as it's very volatile.

[Yatsan]

Great job, though the profit is just small but at least you are in profit mate.

If we will compute your profit which is BTC: 0.00037582 to the current price now per http://preev.com/... that will be 2.904 usd or 147.1 pesos only in Philippine currency.. Not much, but I expect it will compound in the long run, we can't just control the price of bitcoin as it's very volatile.

That is just for Bustadice, I have a 2 investment and the total profit in BTC is: 0.001025‬BTC you can see it at the spreadsheet LOL 

Just like what I said earlier, it's a combination of long term holding of BTC and the profit which I acquire on investing in a gambling site. So my total profit since I invested is: 108USD / 5,617‬PHP   

[MCobian]

Very good information, I just focused on playing gambling. After seeing the gambling investment review that you made, I also became
curious to try investing in gambling sites. I will try to study it first, so that I can understand more about gambling investment. But this
gambling investment still sounds new to me, so I if investment will not use large capital first. Hopefully it is profitable as seen in the
opening post.

[Globb0]

Hmmmm tiny profit and high exposure to risk.

I think you have answered my questions here.

Its looking like a different version of the same gamble.

[Botnake]

That is just for Bustadice, I have a 2 investment and the total profit in BTC is: 0.001025‬BTC you can see it at the spreadsheet LOL 

For an investment total of 0.099 btc , you get an income of 0.001025‬ btc, that means you already grow your investment by 1% in just 3 weeks, not bad at all because if you will put your money in the bank, you'll not gonna earn 1% interest per month, here there's also a chance that bitcoin will also grow its value in the long run, hence, you will be getting both increase in number of btc and its value.

[asu]

When I looked at the stats of the profit and being converted into PHP and USD.

How was it being calculated?

e.g
0.000543 BTC worth $4 and Php 200.00 right now or I am missing something?

If you keep that in the long run.
You wouldn't need to calculate how much you're profit. Casino's house always win and being on their side is good.

[Ziskinberg]

When I looked at the stats of the profit and being converted into PHP and USD.

How was it being calculated?

e.g
0.000543 BTC worth $4 and Php 200.00 right now or I am missing something?

He is computing his btc value from the time he invested versus the current value, and at the same time, btc investors versus total amount of btc in a specific site now..  it's quite complicated but that's OPs style of treating his investment.

If you keep that in the long run.
You wouldn't need to calculate how much you're profit. Casino's house always win and being on their side is good.

If that so, then OP does not need to experiment anymore, the periodic update is just to make us aware of its timely status.

[sujonali1819]

Really good information are published by Op. To be honest I don't know these sites has some features of investment. It’s will help to thinking me in future about gamble investment.

Btw though the profit is really very small according to investment amount, hope will it will Increase in upcoming weeks. Keep it updated that will helps others to think before make any investment in gambling site. 

[ChuckBuck]

Hmmmm tiny profit and high exposure to risk.

I think you have answered my questions here.

Its looking like a different version of the same gamble.

Considering the value of BTC, it is a small profit, but BTC is increasing, real profits are good (in USD) We are always at risk when investing in anything, no place can guarantee our everlasting profits. But I don't see anything to say that it is high risky  How did you say it was high risk here? Compared to investing in all other forms, investing in a casino seems safer, as a casino rarely loses money. There are plenty of gamblers burning money there every week there, I believe the risk is low for invester 

[Natalim]

Btw though the profit is really very small according to investment amount, hope will it will Increase in upcoming weeks. Keep it updated that will helps others to think before make any investment in gambling site. 

That's really the usual return of your investment as you are not the only one investing, it's a big bankroll and a lot of investors investing different amount, you only get a little percent of the pie, as per OP's investment, he only invest 0.049 btc in bustabit, so it would not really generate a lot of return.

For some gamblers, they can't stand with a small profit, hence, they will choose to just gamble as they can increase their money into many folds even in just less than a day, but the risk is really high.

[arwin100]

Btw though the profit is really very small according to investment amount, hope will it will Increase in upcoming weeks. Keep it updated that will helps others to think before make any investment in gambling site. 

That's really the usual return of your investment as you are not the only one investing, it's a big bankroll and a lot of investors investing different amount, you only get a little percent of the pie, as per OP's investment, he only invest 0.049 btc in bustabit, so it would not really generate a lot of return.

For some gamblers, they can't stand with a small profit, hence, they will choose to just gamble as they can increase their money into many folds even in just less than a day, but the risk is really high.

The dividend is reasonable unlike if you invest on more riskier platforms and even if the profit is low for sure OP knows about that yet settled for the result came.

And also OP is happy with the result so its better for him and many people glad that he share is experience,profits and insights about the investing on bustadice.

[Globb0]

 But I don't see anything to say that it is high risky  How did you say it was high risk here? Compared to investing in all other forms, investing in a casino seems safer, as a casino rarely loses money.

OK here I extrapolate my thoughts,


1. risk of someone just winning big - takes from the casino - It does happen, if you are the backer that's your money leaving. This is why I asked if they can clawback anything else from you than your stake. Say you have to cover a percent of the loss equivalent to your holding

2. Risk of someone finding an exploit and emptying the site out of its bitcoins before they realise

3. The simple fact of not your keys not your bitcoin - if they went bust suddenly or folded who you gonna call?

[Natalim]

Btw though the profit is really very small according to investment amount, hope will it will Increase in upcoming weeks. Keep it updated that will helps others to think before make any investment in gambling site. 

That's really the usual return of your investment as you are not the only one investing, it's a big bankroll and a lot of investors investing different amount, you only get a little percent of the pie, as per OP's investment, he only invest 0.049 btc in bustabit, so it would not really generate a lot of return.

For some gamblers, they can't stand with a small profit, hence, they will choose to just gamble as they can increase their money into many folds even in just less than a day, but the risk is really high.

The dividend is reasonable unlike if you invest on more riskier platforms and even if the profit is low for sure OP knows about that yet settled for the result came.

And also OP is happy with the result so its better for him and many people glad that he share is experience,profits and insights about the investing on bustadice.

I truly understand that, what OP is doing now is more like an experiment, and who knows if he likes the way his investment is going, he might add more investment for better return. This is an investment journey being shared here, it should be appreciated well.

[ChuckBuck]

I don't have any problems with you, but our ways of thinking are contradictory 

1. risk of someone just winning big - takes from the casino - It does happen, if you are the backer that's your money leaving. This is why I asked if they can clawback anything else from you than your stake. Say you have to cover a percent of the loss equivalent to your holding

This is really not a risk  I take an example of Yatsan's investment in bustadice. His stake is 0.001%. The rate is too low to bear any big losses. Hope you understand my thought 

2. Risk of someone finding an exploit and emptying the site out of its bitcoins before they realise

This is also not a potential risk, casinos are always concerned about their profits, investors do not need to worry about this, casinos will take care of it for you. They never let such a hole exist 

3. The simple fact of not your keys not your bitcoin - if they went bust suddenly or folded who you gonna call?

This reason seems to be the most logical of all, but this also depends on your choice for a reputable casino. Most bankruptcy claims stem from their own conspiracy, a reputable casino will not do that

My opinion 

[Stedsm]

@Yatsan, what level of risk did you choose while investing there? Was it moderate or higher? I used to invest in gambling sites a few years back while following someone here who was just like you, he used to publicly reveal all his investment data as well as what was his earnings. I used to earn around 49% in just 4 months due to him but as you know, we all need quick returns instead of waiting longer so I stopped doing this and started gambling back then.

[matchi2011]

Btw though the profit is really very small according to investment amount, hope will it will Increase in upcoming weeks. Keep it updated that will helps others to think before make any investment in gambling site. 

That's really the usual return of your investment as you are not the only one investing, it's a big bankroll and a lot of investors investing different amount, you only get a little percent of the pie, as per OP's investment, he only invest 0.049 btc in bustabit, so it would not really generate a lot of return.

For some gamblers, they can't stand with a small profit, hence, they will choose to just gamble as they can increase their money into many folds even in just less than a day, but the risk is really high.

The dividend is reasonable unlike if you invest on more riskier platforms and even if the profit is low for sure OP knows about that yet settled for the result came.

And also OP is happy with the result so its better for him and many people glad that he share is experience,profits and insights about the investing on bustadice.

With  how OP appreciates the outcome of his journey showed that he's okay with his investment, and like what he have said about combination of investment, aside from the the house share profits he also managing his btc while the value is still rising. Long term projections if bitcoin continue to
rise then OP's assets  will bring decent value for his investments.

[examplens]

Thanks, OP for sharing this information. these numbers don't even look bad.
earlier I also had an investment in Crypto-games casino, but the profit was insignificant compared to your case.
whether the profits are automatically reinvested or you have withdrawn it?

[carlfebz2]

Btw though the profit is really very small according to investment amount, hope will it will Increase in upcoming weeks. Keep it updated that will helps others to think before make any investment in gambling site. 

That's really the usual return of your investment as you are not the only one investing, it's a big bankroll and a lot of investors investing different amount, you only get a little percent of the pie, as per OP's investment, he only invest 0.049 btc in bustabit, so it would not really generate a lot of return.

For some gamblers, they can't stand with a small profit, hence, they will choose to just gamble as they can increase their money into many folds even in just less than a day, but the risk is really high.

The dividend is reasonable unlike if you invest on more riskier platforms and even if the profit is low for sure OP knows about that yet settled for the result came.

And also OP is happy with the result so its better for him and many people glad that he share is experience,profits and insights about the investing on bustadice.

With  how OP appreciates the outcome of his journey showed that he's okay with his investment, and like what he have said about combination of investment, aside from the the house share profits he also managing his btc while the value is still rising. Long term projections if bitcoin continue to
rise then OP's assets  will bring decent value for his investments.

Its a some sort of experiment but this one is surely a serious matter.I know that amount invested isnt small even its converted to Peso and not all would have the capacity to throw up 30k php on a gambling site.
5k php on a matter of 2 weeks isnt bad and as long its compounded plus having an increase of btc price then its really good to see these positive results.I didnt expect somehow that yolodice
is doing pretty well too.Soon i might consider this investment if i do have some spare money to throw of.

[ryzaadit]

This reason seems to be the most logical of all, but this also depends on your choice for a reputable casino. Most bankruptcy claims stem from their own conspiracy, a reputable casino will not do that

Then how you make a claim most of the bankruptcy casinos making their own conspiracy, this is just from your own speculation right?

There is no guarantee at all with the reputable casinos went they have their own problem regarding the asset security and investment since @Globb0 mention some security issue. We use a reputable casino just for fairness and their really paying us went we withdraw the asset, for the security that would be a different situation. They could be got some "DDOS" attack since casino could be the same as the exchange went every people put their money on the cassino  went they playing on the casino. Because of that, the casino could be the target of a hacker and regarding how casino giving back thei depend on how much the asset has been lose if they lose all the asset there have some chance you will never get your money

This is also not a potential risk, casinos are always concerned about their profits, investors do not need to worry about this, casinos will take care of it for you.

The reality, cassino do not make any claim they really concerned their profit to their investor.

Most of the casino putting a statement, there is no guarantee you will always getting a profit-based "how the bankroll investment work". So they not really concerned the investor always getting some profit, it's all depend about the situation of the casino itself.

A bit agree with @Globb0 the risk still to be really high.

But from my perspective, the risk could be taken from "the price of which cryptocurrency u used went enter the investment" went we compare with, the profit gained during an investment, how long the investment happens and the high volatility of cryptocurrency since we using crypto for the investment.