Snipie's gambling investment test

[snipie]

Table updated.
Finally seeing a green light in the investment after long waiting. As I said above, this profit came after a guy lost around 22 BTC in one hour.

Congrats that was a huge swing!
-snip-

Thanks and yes, hope that positive trend continues!

[erikoy]

Hmmm... so much red in investment report. How is this possible? It turns out that players gain more than they lose during this couple of months? But this is a huge distance and a huge number of bets, they should be in the red. I think this is suspicious (or am I mistaken in something and do not take into account some nuances?)

I think there could be like a manipulation in the betting wins and losses? I do believe that it could it could be configure in the computer so that team could play and win. So investment here is not really a good idea and they just trying to get your money in a legal way. If I were you guys just join a gambling platform that does not make any investment. You should not trust your money to them. See now the result. It seema they had too much profit now in betting aftee configurations.

[snipie]

I think there could be like a manipulation in the betting wins and losses? I do believe that it could it could be configure in the computer so that team could play and win. So investment here is not really a good idea and they just trying to get your money in a legal way. If I were you guys just join a gambling platform that does not make any investment. You should not trust your money to them. See now the result. It seema they had too much profit now in betting aftee configurations.

You are free to think about anything.
Seeing the data, the actual BTC invested in Yolodice are 413.60472014. The investors part of it is 245.27077600 BTC which is 59.3% of the household.
For LTC the actual amount is 9,106.43523223 in which investors hold 8,492.21312125 LTC (93.2%).
For Doge the actual amount is 111,479,004.98496436 in which investors hold 72,450,501.64360307 DOGE (65%).
So theoretical, players are playing vs each others and the house is winning especially in LTC then in doge and BTC.
If a player lost 10 LTC then investors will split 5 LTC (not exactly, just an example) between each others and the house will keep 5 LTC for itself. Now if a guy won 10 LTC then the important part of it will be taken from investors 9 LTC normally while the house will just lose 1 LTC. Correct me if I am wrong.
In Yolodice, with BTC during the previous weeks, investors lost much because some players were winning a decent amounts, now when this guy lost around 22 BTC, my part as an investor holding around 0.005228% of the house share was around 100k satoshi.

[Ziskinberg]

The above pic does makes all the investors happy because those who had being running in loses because last time person won big changed the statistics for all and this time somebody had lost 20+ btc and resulted in some relief for the investors to see their either loses turned to profits or their profits rose yesterday.

That's the life of an investors, happy when gamblers lose, sad when gamblers hit big win.
As what i have seen previously, your investment wasn't profitable because some whales keep winning, but this time has come that the house got its revenge.

Congratulations to you OP, hope this win will continue, great timing, bitcoin is bullish, so that should result to bigger exchange rate.

[snipie]

Congratulations to you OP, hope this win will continue, great timing, bitcoin is bullish, so that should result to bigger exchange rate.

Thanks 
Sweet moments, unless I determined to keep this topic updated for quite long period, I would grab my profit right now and reconsider my strategy. Maybe a bigger amount could be better or try another coin for a long period.

[freedomgo]

Congratulations to you OP, hope this win will continue, great timing, bitcoin is bullish, so that should result to bigger exchange rate.

Thanks 
Sweet moments, unless I determined to keep this topic updated for quite long period, I would grab my profit right now and reconsider my strategy. Maybe a bigger amount could be better or try another coin for a long period.

That's a good decision, you can re invest anytime but this moment is hard to pass as bitcoin could possibly sink again if it will fail to break solid resistance going uptrend, good luck on your decision, hopefully you will resume investing again at the right moment.

[carlfebz2]

After how many weeks of reds and now it is already on green.Its good to look at and hopefully this would continue.

Week 8
29/07/2020   || - - - - - - - - - -     || +0.00052204 BTC   || +5.77 $          || 0.01282204 BTC   || 0.005228%     || +4.2442 %   

When markets price tends to rise up then it do really give out significant impact.

[Tytanowy Janusz]

So since tomorrow I am gonna update the table normally, I will not edit it to add that surprises. My investment went from ~ -50k satoshi to +54k satoshi since a guy lost around 22 BTC in just 1 hour! See those photos!

Gratz! I guess that he was also a reason for last 6 weeks in red. I have a filling that he was doing some sort of martingale system. That's why despite statistic advantage casino was loosing week after week pushing you into  loses unless whale hit killing strike and whipe himself out.

[snipie]

Gratz! I guess that he was also a reason for last 6 weeks in red. I have a filling that he was doing some sort of martingale system. That's why despite statistic advantage casino was loosing week after week pushing you into  loses unless whale hit killing strike and whipe himself out.

Thanks! Not sure if he was the only one responsible for this long dip but certainly he was implied in keeping our profits negative. For now BTC investment is stable around 53k satoshi. I saw someone playing yesterday with the same attitude so I think he is back

[LogitechMouse]

Table updated.
~
Thanks and yes, hope that positive trend continues!

Congrats on the huge profit indeed. I missed investing in Yolodice right now but nahhh I need some BTC right now to sustain my needs so.... yeah still congrats not only for you but for those investors too .

Lets hope the run continues and more people lose

This is like hoping for the worst towards the gambler . Hoping to lose is kinda bad I think but in order for the investors to profit, they must lose . Like I always said, if its your time to get profit it will come and if its your time to lose then it will happen .

[glowing10]

The guy seems to be wealthy or probably makes a living based on this gambling only else for normal person they would not have enough courage if they even lose something like 0.1 btc or say 0.5 btc that sort. So, it does require some either strong financial backup or too much addiction that cannot stop someone to stay away from such a large amount of gambling if has lost those big amounts.

[pikkie]

The guy seems to be wealthy or probably makes a living based on this gambling only else for normal person they would not have enough courage if they even lose something like 0.1 btc or say 0.5 btc that sort. So, it does require some either strong financial backup or too much addiction that cannot stop someone to stay away from such a large amount of gambling if has lost those big amounts.

I think it is very difficult to stop people from gambling because gambling can provide a sense of fun and certainly can potentially get a profit quickly, gambling is only for people who are in need of refreshing.

[Natalim]

The guy seems to be wealthy or probably makes a living based on this gambling only else for normal person they would not have enough courage if they even lose something like 0.1 btc or say 0.5 btc that sort. So, it does require some either strong financial backup or too much addiction that cannot stop someone to stay away from such a large amount of gambling if has lost those big amounts.

I think it is very difficult to stop people from gambling because gambling can provide a sense of fun and certainly can potentially get a profit quickly, gambling is only for people who are in need of refreshing.

if that's only the purpose then I think gambling industry would not be so profitable.
Gambling is refreshing or a stress reliever to some, but for most people, they are gambling to make money, hence that provides an opportunity for casinos to be more profitable. Per report, online gambling is already a billion dollars industry, so it's profitable and it's growing in the year basis.

[snipie]

Gambling is refreshing or a stress reliever to some, but for most people, they are gambling to make money...

Yeah true, he already continued playing and drive down our profits again.
My "Profits from open" is 0.00041274 BTC now so - 11k satoshi down in the last 1 - 2 days...

[xxjumperxx]

Thats what I meant that the gamblers normally come back to recover their losses...
Sometimes they come back and rage bet and lose more because they are just so focued on getting their money back that they overbet and make huge bets.
Lets see what happens!

[xxjumperxx]

Yes, seems that whale is back and started to make the gains and this would be again making the investors face sad as their profits would start again to decline unless the whale loses big again. I see this week there would be quite a few actions happening around the returns on the investment in the bankroll.

´

For investors its bad to see the profit go down again but on the other hand its good that whales play because thats how the investment can grow. Luck just needs to be with the investors

[Maslate]

Yes, seems that whale is back and started to make the gains and this would be again making the investors face sad as their profits would start again to decline unless the whale loses big again. I see this week there would be quite a few actions happening around the returns on the investment in the bankroll.

´

For investors its bad to see the profit go down again but on the other hand its good that whales play because thats how the investment can grow. Luck just needs to be with the investors

They don't need luck as mathematically they have the edge, if you invest money in a site, even if the site loses, you don't lose your everything you invest, it's like a long ride as eventually the site will get back in profitable state since they have the edge, and since you are riding, just know when to stop to cash out.

[snipie]

Yes, seems that whale is back and started to make the gains and this would be again making the investors face sad as their profits would start again to decline unless the whale loses big again. I see this week there would be quite a few actions happening around the returns on the investment in the bankroll.

And after a couple of wins, my investment profit today shows "Profits from open" = 0.00039890 BTC which is a little bit lower than yesterday but shows the negative trending there. Continuing like that, I estimate that the profit will turn negative after 10-15 days!

[wxa7115]

So since tomorrow I am gonna update the table normally, I will not edit it to add that surprises. My investment went from ~ -50k satoshi to +54k satoshi since a guy lost around 22 BTC in just 1 hour! See those photos!

That is a huge spike and a complete turn around, I am happy for you and this once again shows why it pays off to be patient, many people would have given up after a few weeks of facing losses but you kept your funds there knowing that sooner or later luck will be on your side and you were right.

It will be interesting if this player comebacks once again and tries to recover his losses, however I will be honest if lost 22 BTC in just an hour I do not know what I will do since where I live that is a massive amount of money, so while it is impossible to know who was the whale I hope he still has hundreds of BTC and this loss is not a huge deal to him.

Yes, seems that whale is back and started to make the gains and this would be again making the investors face sad as their profits would start again to decline unless the whale loses big again. I see this week there would be quite a few actions happening around the returns on the investment in the bankroll.

And after a couple of wins, my investment profit today shows "Profits from open" = 0.00039890 BTC which is a little bit lower than yesterday but shows the negative trending there. Continuing like that, I estimate that the profit will turn negative after 10-15 days!

Just reading this, the whale comeback sooner than expected and it is making progress, that is to be expected but if he is using something like martingale he is bound to lose the rest of his capital as well.

[snipie]

Updated the table.
Now it is -12k satoshi compared to the previous week, since the guy who lost BTC22 is still here playing.

Just reading this, the whale comeback sooner than expected and it is making progress, that is to be expected but if he is using something like martingale he is bound to lose the rest of his capital as well.

Actually I noticed 2 guys playing and winning good.