Bitcoin Forum
June 15, 2024, 11:26:43 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2] 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 »  All
  Print  
Author Topic: Snipie's gambling investment test  (Read 6447 times)
Tytanowy Janusz
Legendary
*
Offline Offline

Activity: 2156
Merit: 1622


View Profile
June 14, 2020, 05:57:35 AM
 #21

2.8% for more than a month isn't that bad though and that would be better compare to just sitting my BTC on their site.


Great results. Let me estimate annual ROI Smiley

x^38=1.028347
x= 1.00074  (daily)
1.00074 ^ 365 = 1.31 (31% annual ROI)

Impressive, compared to average trader return

Quote
As a general rule of thumb, if you are able to make 20-30% annual return with “controlled” losses over the years and I mean over 7–10 years then you are on your track to be in the league of people like George Soros, Warren Buffet and Ray Dalio.
Average trader annual return is ~3-5% (some has 20% some -100%)

But my advice is don't take too long to close the investment while you are on the profit side because as what Tytanowy Janusz said, he losses his profit because 1 lucky person wins.

It was not my point Smiley My point was to dig this investment for years checking bitcointalk scam accusation section and yolodice ANN only. To check if everything is ok in terms of yolodice trust. Daily/weekly returns are
warped by a small sample error and will give nothing more but wrong perception of investment. After 2 years 1 whale wont change your return that much because there would be a lot of them before (some will be winning some will be losing)
Same thing can be said about opposite situation. Hold your investment as long as possible. You never know when big whale will start to be small fish after big lose.
avikz
Legendary
*
Offline Offline

Activity: 3122
Merit: 1507



View Profile
June 14, 2020, 10:18:43 AM
 #22

Another nice informative topic on gambling investment and I just added it to my watchlist. I wanted to invest in gambling bankroll but never have done it in reality considering the risk. Your topic is indeed giving me hope and confidence again. But I will wait for some more time before actually investing.

I am not familiar with Yolodice and hence this question, but did you have to complete KYC before investing?

Also is there any other websites available for such investment?

Tytanowy Janusz
Legendary
*
Offline Offline

Activity: 2156
Merit: 1622


View Profile
June 14, 2020, 10:36:07 AM
 #23

I am not familiar with Yolodice and hence this question, but did you have to complete KYC before investing?

No

Also is there any other websites available for such investment?

Yes. There are threads with lists of bankroll investments. Gimme 5 min and I'll find it.

edit: Here you go:
https://bitcointalk.org/index.php?topic=2097255.0

Thread is from 2017 so some data might be outdated but it will give you good start with further research.
Reid
Hero Member
*****
Offline Offline

Activity: 2926
Merit: 647


View Profile
June 14, 2020, 11:12:08 AM
 #24

Good luck to us.
I didn't make this kind of tabular sheet to share with or a spreadsheet to jot down what will happen daily.
I just let it be. Guess I am lazy with that kind of thing.
Preferred to just let Yolodice handle it since I do trust them.
So I will just share where I am now.


Started June 3 as said on the image.
I am going to try and add more. Maybe next week.

These may speed things up.
Quote
Congratulations, you are an investor now! Your investment profit relies on number and activity of the players. Therefore we encourage you to spread the word about YOLOdice and encourage players to join!
Credits to Yolodice.
LogitechMouse
Legendary
*
Offline Offline

Activity: 2478
Merit: 1038


Signature and Avatar for rent.


View Profile WWW
June 14, 2020, 11:27:53 AM
 #25

Looks like most of the participants of the Yolodice signature Campaign are into this investment program of Yolodice as I see with the posts here in the thread.

Maybe we should call the attention of all the signature participants to invest their weekly profits (just a portion of it) into Yolodice. Just for fun only and it will benefit them too (somewhat a challenge Cheesy).

2.8% for more than a month isn't that bad though and that would be better compare to just sitting my BTC on their site.


Great results. Let me estimate annual ROI Smiley

x^38=1.028347
x= 1.00074  (daily)
1.00074 ^ 365 = 1.31 (31% annual ROI)

Impressive, compared to average trader return
I just hope that this will continue for a year but I'm not expecting since a single whale can eat all of my profit in an instant, just like what happened in you Wink.

If you may, I will share my profit right now. I invested May 7 and now it is One month, one week of my investment already. 2.8% for more than a month isn't that bad though and that would be better compare to just sitting my BTC on their site.


I feel envious to see how your investment grew in a matter of 4 weeks LOL  Cheesy
Maybe you should start investing on it too since you are one of the participants of the signature campaign Tongue and share your profits here one month after Cheesy.

▄▄███████▄▄
▄██████████████▄
▄██████████████████▄
▄████▀▀▀▀███▀▀▀▀█████▄
▄█████████████▄█▀████▄
███████████▄███████████
██████████▄█▀███████████
██████████▀████████████
▀█████▄█▀█████████████▀
▀████▄▄▄▄███▄▄▄▄████▀
▀██████████████████▀
▀███████████████▀
▀▀███████▀▀
.
 MΞTAWIN  THE FIRST WEB3 CASINO   
.
.. PLAY NOW ..
snipie (OP)
Legendary
*
Offline Offline

Activity: 3192
Merit: 1140


#SWGT CERTIK Audited


View Profile WWW
June 14, 2020, 03:11:26 PM
 #26

I see OP you've provided a daily update to track your investment. What I think is it quite efficient to provide daily updates? Because I believe, investment in gambling sites would be better on a long term basis. Maybe it is appropriate to see updates weekly or even monthly.

I'm not really used to invest in gambling sites, maybe I should try it sometimes, and I see, the minimum investment should be 0.01BTC, meaning, to get decent ROI, we should invest roughly 0.1BTC right?
Just tried to give ideas for people, who are willing to invest and are undecided, how things are going on in the first days.
Since i see some comments saying it isn't important to do this daily (obviously the first week only) I decided to delay table updates but I can say that yesterday my profit jumped to +1000 satoshi then dropped to +100-500 and so on. Just remember that the number shown in the table is a random one during a selected day, it can be x2 or x3 or even negative then recovering without I notice anything.
I will keep the table updated 1-2 times per week tho.
For the invested value, the much you invest the better you ROI faster, there is just a minimum value which requires longer time to double it and your share seems to drop with the rising number of investments too.

Oilacris
Hero Member
*****
Offline Offline

Activity: 3052
Merit: 616


View Profile
June 14, 2020, 10:00:59 PM
 #27

I see OP you've provided a daily update to track your investment. What I think is it quite efficient to provide daily updates? Because I believe, investment in gambling sites would be better on a long term basis. Maybe it is appropriate to see updates weekly or even monthly.

I'm not really used to invest in gambling sites, maybe I should try it sometimes, and I see, the minimum investment should be 0.01BTC, meaning, to get decent ROI, we should invest roughly 0.1BTC right?
Just tried to give ideas for people, who are willing to invest and are undecided, how things are going on in the first days.
Since i see some comments saying it isn't important to do this daily (obviously the first week only) I decided to delay table updates but I can say that yesterday my profit jumped to +1000 satoshi then dropped to +100-500 and so on. Just remember that the number shown in the table is a random one during a selected day, it can be x2 or x3 or even negative then recovering without I notice anything.
I will keep the table updated 1-2 times per week tho.
For the invested value, the much you invest the better you ROI faster, there is just a minimum value which requires longer time to double it and your share seems to drop with the rising number of investments too.
I disagree in to that line that had been bolded where the bigger the investment you had the better ROI? Thats not always the case.

If we do think on carefully, it would really be just the same since you do earn the same percentage on daily basis.It wont matter if you invest
big or small.

In regards on updating the table then it would really be more preferable if it would be done by weekly rather than on daily basis but it isnt
really that bad to post it on that way, if thats the thing that you do really want to do.
Becky666
Full Member
***
Offline Offline

Activity: 756
Merit: 231



View Profile WWW
June 14, 2020, 10:11:59 PM
 #28

What I noticed in making investment on a gambling platform is their little profit from investing with them. Some few years back, I make  some investment but was not fast growing like the normal investment so I quit the process long ago but maybe this time I will give a try to make have a taste of it. Though maybe the amount I invested then was the reason of me getten the low profit. I Will definitely keep my eyes on this thread to make it this time a reality.

███████ ███████     R O L L B I T           The Social & Provably Fair Crypto Casino           [ PLAY NOW ]     ███████ ███████
/  SLOTS     /  GAME SHOW     /  LIVE CASINO     /  ROULETTE     /  BLACKJACK
|          Twitter          |        ♠   Instant Deposits & Withdrawals   -   Live Customer Support   -   Rakeback & Level Up Bonuses   ♠      |          Discord          |
stadus
Legendary
*
Offline Offline

Activity: 3136
Merit: 1294


Hhampuz for Campaign management


View Profile
June 14, 2020, 10:22:34 PM
 #29

What I noticed in making investment on a gambling platform is their little profit from investing with them. Some few years back, I make  some investment but was not fast growing like the normal investment so I quit the process long ago but maybe this time I will give a try to make have a taste of it. Though maybe the amount I invested then was the reason of me getten the low profit. I Will definitely keep my eyes on this thread to make it this time a reality.

The profit you will earn depends on the amount of your investment, better look at the rate of return than the amount you put.
Let say you invested 0.01 btc in a certain platform, you can't expect a good profit in that as 1% or 2% is just a little amount of return based on your capital.

Investing in casino is only attractive if you put a decent amount of capital, and I think lending money in the forum is more profitable though as it ranges from 3% to 10% per month.

███████████████████████████
███████▄████████████▄██████
████████▄████████▄████████
███▀█████▀▄███▄▀█████▀███
█████▀█▀▄██▀▀▀██▄▀█▀█████
███████▄███████████▄███████
███████████████████████████
███████▀███████████▀███████
████▄██▄▀██▄▄▄██▀▄██▄████
████▄████▄▀███▀▄████▄████
██▄███▀▀█▀██████▀█▀███▄███
██▀█▀████████████████▀█▀███
███████████████████████████
.
.Duelbits.
▄▄█▄▄░░▄▄█▄▄░░▄▄█▄▄
███░░░░███░░░░███
░░░░░░░░░░░░░
░░░░░░░░░░░░
▀██████████
░░░░░███░░░░
░░░░░███▄█░░░
░░██▌░░███░▀░░██▌
█░██░░███░░░██
█▀▀▀█▌░███░░█▀▀▀█▌
▄█▄░░░██▄███▄█▄░░▄██▄
▄███▄
░░░░▀██▄▀
.
REGIONAL
SPONSOR
███▀██▀███▀█▀▀▀▀██▀▀▀██
██░▀░██░█░███░▀██░███▄█
█▄███▄██▄████▄████▄▄▄██
██▀ ▀███▀▀░▀██▀▀▀██████
███▄███░▄▀██████▀█▀█▀▀█
████▀▀██▄▀█████▄█▀███▄█
███▄▄▄████████▄█▄▀█████
███▀▀▀████████████▄▀███
███▄░▄█▀▀▀██████▀▀▀▄███
███████▄██▄▌████▀▀█████
▀██▄█████▄█▄▄▄██▄████▀
▀▀██████████▄▄███▀▀
▀▀▀▀█▀▀▀▀
.
EUROPEAN
BETTING
PARTNER
snipie (OP)
Legendary
*
Offline Offline

Activity: 3192
Merit: 1140


#SWGT CERTIK Audited


View Profile WWW
June 14, 2020, 10:46:35 PM
 #30

I see OP you've provided a daily update to track your investment. What I think is it quite efficient to provide daily updates? Because I believe, investment in gambling sites would be better on a long term basis. Maybe it is appropriate to see updates weekly or even monthly.

I'm not really used to invest in gambling sites, maybe I should try it sometimes, and I see, the minimum investment should be 0.01BTC, meaning, to get decent ROI, we should invest roughly 0.1BTC right?
Just tried to give ideas for people, who are willing to invest and are undecided, how things are going on in the first days.
Since i see some comments saying it isn't important to do this daily (obviously the first week only) I decided to delay table updates but I can say that yesterday my profit jumped to +1000 satoshi then dropped to +100-500 and so on. Just remember that the number shown in the table is a random one during a selected day, it can be x2 or x3 or even negative then recovering without I notice anything.
I will keep the table updated 1-2 times per week tho.
For the invested value, the much you invest the better you ROI faster, there is just a minimum value which requires longer time to double it and your share seems to drop with the rising number of investments too.
I disagree in to that line that had been bolded where the bigger the investment you had the better ROI? Thats not always the case.

If we do think on carefully, it would really be just the same since you do earn the same percentage on daily basis.It wont matter if you invest
big or small.

In regards on updating the table then it would really be more preferable if it would be done by weekly rather than on daily basis but it isnt
really that bad to post it on that way, if thats the thing that you do really want to do.
Yeah sure it is not always the case. We can lose or get tiny return even with big amounts. What I want to say is the bigger you invest the bigger your shares will be the better your ROI technically.
BTW I added other parameters to the table if someone is interesting in knowing them since they are important tho.

DarkDays
Legendary
*
Offline Offline

Activity: 2030
Merit: 1189


View Profile
June 15, 2020, 01:16:59 AM
 #31


Average trader annual return is ~3-5% (some has 20% some -100%)

You got a source for this estimate? I highly doubt most professional traders only make 3-5% per year, unless you're also averaging in all the retail trader noobs that dive into the market and throw their money down the drain?

You can get far more than 3-5% a year with a huge number of passive income streams, so I doubt any self-respecting trader is going to settle for 5% a year with their active effort.

They would need to be trading with a starting balance of $1 million just to make $50k a year.... seems likely.
Tytanowy Janusz
Legendary
*
Offline Offline

Activity: 2156
Merit: 1622


View Profile
June 15, 2020, 05:43:31 AM
 #32


Average trader annual return is ~3-5% (some has 20% some -100%)
I highly doubt most professional traders only make 3-5% per year

Average !=(not equal) Professional
Investor != Trader

And who is a professional trader? Someone who works in funds or someone with >x years experience?

And when we are talking about professional traders (or rather investors).

Quote
In 2007, legendary investor Warren Buffett made a $1 million bet against Protégé Partners that hedge funds wouldn’t outperform an S&P index fund, and he won.

Buffett’s choice fund, the Vanguard 500 Index Fund Admiral Shares, returned 7.1 percent compounded annually, while the basket of hedge funds his competitor chose returned an average of only 2.2 percent, the Wall Street Journal reports.

And here we are with ~40% annual ROI. This is huge.

leea-1334
Hero Member
*****
Offline Offline

Activity: 2282
Merit: 953


Temporary forum vacation


View Profile
June 15, 2020, 08:48:38 AM
 #33

Hey OP just found your thread and well done! I am a long time investor also and fellow Yolo user as you can see:)

I did not keep my statistics, and every week or 2 weeks I have a very bad habit. When I see my investment is down, I divest and gamble till it is back to original deposit, then reinvest again. So I did not really keep a good track of my invesments BUT all time, for Bitcoin, I am in profit since day 1 to now.

Good luck with your tracking. Can I suggest, you do simple table, and attach image? You will have harder updating but have easier viewing:)

.
..........
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
█████████████░░██████████████████████████░░███████████████████
███████████████░░██████████████████████████░░█████████████████
█████████████████░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░███████████████
█████████████████░░░░░░░░░░██░░██░░░░░░░░░░██░░███████████████
███████████████████░░░░░░██░░██████░░░░░░██░░█████████████████
█████████████████████░░░░░░██████████░░░░░░███████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
.
.....I AM BLACKJACK.FUN.....
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
█████████████░░██████████████████████████░░███████████████████
███████████████░░██████████████████████████░░█████████████████
█████████████████░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░███████████████
█████████████████░░░░░░░░░░██░░██░░░░░░░░░░██░░███████████████
███████████████████░░░░░░██░░██████░░░░░░██░░█████████████████
█████████████████████░░░░░░██████████░░░░░░███████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
.
..........
Maus0728
Legendary
*
Offline Offline

Activity: 1946
Merit: 1578


Bitcoin Casino Est. 2013


View Profile
June 15, 2020, 09:07:40 AM
 #34

I did not keep my statistics, and every week or 2 weeks I have a very bad habit. When I see my investment is down, I divest and gamble till it is back to original deposit, then reinvest again.
I never thought this kind of investing technique but will it not affect your investment because the duration of your shares in bankroll will go back to zero? thus, your ROI will also reset as compared when you let your investment opened though you are taking a loss?  Huh

███▄▀██▄▄
░░▄████▄▀████ ▄▄▄
░░████▄▄▄▄░░█▀▀
███ ██████▄▄▀█▌
░▄░░███▀████
░▐█░░███░██▄▄
░░▄▀░████▄▄▄▀█
░█░▄███▀████ ▐█
▀▄▄███▀▄██▄
░░▄██▌░░██▀
░▐█▀████ ▀██
░░█▌██████ ▀▀██▄
░░▀███
▄▄██▀▄███
▄▄▄████▀▄████▄░░
▀▀█░░▄▄▄▄████░░
▐█▀▄▄█████████
████▀███░░▄░
▄▄██░███░░█▌░
█▀▄▄▄████░▀▄░░
█▌████▀███▄░█░
▄██▄▀███▄▄▀
▀██░░▐██▄░░
██▀████▀█▌░
▄██▀▀██████▐█░░
███▀░░
MCobian
Full Member
***
Offline Offline

Activity: 1190
Merit: 117



View Profile
June 15, 2020, 09:37:58 AM
 #35

Thanks Snipie for the explanation of gambling investment in yolodice, this adds to my knowledge. I also intend to invest in the near future
on gambling sites. But still comparing which one is better, I hope you continue to provide updates about your investment in Yolodice. I am
curious about how much capital 0.0123 BTC can generate profit for one month.

  SOLARBLOX        ◥◥◥◥◥◥◥◥◥◥◥◥◥◥◥◥◥◥ crypto solar mining ◥◥
◼◼ Crypto Mining using Solar energy as substitute energy sources ◼◼
TELEGRAM TWITTER   ▪▪▪▪▪ [ DOWNLOAD WHITEPAPER ]
Reid
Hero Member
*****
Offline Offline

Activity: 2926
Merit: 647


View Profile
June 15, 2020, 10:15:10 AM
 #36

I did not keep my statistics, and every week or 2 weeks I have a very bad habit. When I see my investment is down, I divest and gamble till it is back to original deposit, then reinvest again.
I never thought this kind of investing technique but will it not affect your investment because the duration of your shares in bankroll will go back to zero? thus, your ROI will also reset as compared when you let your investment opened though you are taking a loss?  Huh

I have been thinking about the same thing.
It is because of the fluctuation in profits.
Last week my profit was 20k and then it went back to 17k sats. Is it possible to do a stop and start investment?
Will it still be profitable in short runs?
Or is it just the longer you invest the better?
Perhaps leea-1334 could answer us since he/she already tried to stop it and start again.

Edit: Now I am at 15k sats.
Finestream
Hero Member
*****
Offline Offline

Activity: 3066
Merit: 606



View Profile
June 15, 2020, 10:35:47 AM
 #37

I did not keep my statistics, and every week or 2 weeks I have a very bad habit. When I see my investment is down, I divest and gamble till it is back to original deposit, then reinvest again.
I never thought this kind of investing technique but will it not affect your investment because the duration of your shares in bankroll will go back to zero? thus, your ROI will also reset as compared when you let your investment opened though you are taking a loss?  Huh

I have been thinking about the same thing.
It is because of the fluctuation in profits.
Last week my profit was 20k and then it went back to 17k sats. Is it possible to do a stop and start investment?
Will it still be profitable in short runs?
Or is it just the longer you invest the better?
Perhaps leea-1334 could answer us since he/she already tried to stop it and start again.

Edit: Now I am at 15k sats.


Investing in casinos in order for you to feel the profit in the short run, you need to invest a decent amount, it could be profitable in short-term or long-term because we can't deny that casinos are winning most of the time as games has house edge, however, the decision to stop and re invest depends on your as no matter how profitable you are in percentage but in figure you are not contented yet, you will still keep hoping for more profit which would require you to hold longer.

As what gamblers said, house edge will beat you in the long run, so if you are in the house side, you'll definitely be profitable in the long run.

snipie (OP)
Legendary
*
Offline Offline

Activity: 3192
Merit: 1140


#SWGT CERTIK Audited


View Profile WWW
June 15, 2020, 08:30:27 PM
 #38

Thanks Snipie for the explanation of gambling investment in yolodice, this adds to my knowledge. I also intend to invest in the near future
on gambling sites. But still comparing which one is better, I hope you continue to provide updates about your investment in Yolodice. I am
curious about how much capital 0.0123 BTC can generate profit for one month.
I don't expect much profit especially after a month or two with my basic investment but it is interesting to know how things will evolve  Wink

Reid
Hero Member
*****
Offline Offline

Activity: 2926
Merit: 647


View Profile
June 16, 2020, 06:27:34 AM
 #39

Investing in casinos in order for you to feel the profit in the short run, you need to invest a decent amount, it could be profitable in short-term or long-term because we can't deny that casinos are winning most of the time as games has house edge, however, the decision to stop and re invest depends on your as no matter how profitable you are in percentage but in figure you are not contented yet, you will still keep hoping for more profit which would require you to hold longer.

As what gamblers said, house edge will beat you in the long run, so if you are in the house side, you'll definitely be profitable in the long run.

Just having the idea since the profits are also fluctuating depending on player bets.

I guess the only solution now is pull more players instead of risking to stop and start the investment just to gain small profits.
Yeah, I am trying to put more investment in it.
Will also update it if its okay with Snipie just for preferences.  Grin
Finestream
Hero Member
*****
Offline Offline

Activity: 3066
Merit: 606



View Profile
June 16, 2020, 07:25:52 AM
 #40

Investing in casinos in order for you to feel the profit in the short run, you need to invest a decent amount, it could be profitable in short-term or long-term because we can't deny that casinos are winning most of the time as games has house edge, however, the decision to stop and re invest depends on your as no matter how profitable you are in percentage but in figure you are not contented yet, you will still keep hoping for more profit which would require you to hold longer.

As what gamblers said, house edge will beat you in the long run, so if you are in the house side, you'll definitely be profitable in the long run.

Just having the idea since the profits are also fluctuating depending on player bets.

I guess the only solution now is pull more players instead of risking to stop and start the investment just to gain small profits.
Yeah, I am trying to put more investment in it.
Will also update it if its okay with Snipie just for preferences.  Grin

That's good it will give us a better idea if more will share, since Snipie made its own thread, then maybe if you just wish, you can also make your own as a reference for your journey. Investing is always fun as long as you're contented with the profit  you are making, so it's better to be more serious with investing if we have a decent bankroll prepared for it, but for the mean time, we can make an experiment just to test if it's really profitable.

Pages: « 1 [2] 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!