Snipie's gambling investment test

[xxjumperxx]

Yolodice has been good to whales it seems...
Yes there are people losing, but it seems there are more times the whale wins.
Lets hope it switches for the sake of investors

[snipie]

So after 9 days of the all time high in the investment, my profit is kind of halved. Here is a pic I taken just few minutes ago



Clearly we have crazy lucky people over there 

[xxjumperxx]

These players seem to be lucky over and over again at yolodice...
Seems they are winning more than they are losing the last couple of weeks.
Its nice to still see a profit but it should increase and not decrease though

[shoreno]

These players seem to be lucky over and over again at yolodice...
Seems they are winning more than they are losing the last couple of weeks.
Its nice to still see a profit but it should increase and not decrease though

thats nice to hear if your a gambler because that means you can be profitable but its a bad news to the site and those who invest to share thier bankroll because they could be loosing now  but before that , how can you say that they are lucky ?

 are same name winning? maybe they are only winning lately but they also loose huge before and also its not possible that all can be winners on the site so owner and investor shouldnt worry alot

[Questat]

Yolodice has been good to whales it seems...
Yes there are people losing, but it seems there are more times the whale wins.
Lets hope it switches for the sake of investors

lol, yolodice would not exist until now if they keep losing and they are good with whales.
There are just times that whales won but in the long run, it's still the site who are winning, and that makes investors profitable, hence patience is important.

[xxjumperxx]

Yolodice has been good to whales it seems...
Yes there are people losing, but it seems there are more times the whale wins.
Lets hope it switches for the sake of investors

lol, yolodice would not exist until now if they keep losing and they are good with whales.
There are just times that whales won but in the long run, it's still the site who are winning, and that makes investors profitable, hence patience is important.

Thats obvious... I meant in short term whales have been winning, which can seen in the investment...
That the site obv. is doing good and is generating profits can be seen on the graph and see how profits are increasing...

[snipie]

lol, yolodice would not exist until now if they keep losing and they are good with whales.
There are just times that whales won but in the long run, it's still the site who are winning, and that makes investors profitable, hence patience is important.

In fact even in short run you can be profitable, even more in the long run but this need to monitor the site frequently, witness every hype and close the investment whenever the whale loses enough you can get even +5% ROI in few minutes. Well this isn't obvious of course and long term investment remains the best option 

[glowing10]

lol, yolodice would not exist until now if they keep losing and they are good with whales.
There are just times that whales won but in the long run, it's still the site who are winning, and that makes investors profitable, hence patience is important.

In fact even in short run you can be profitable, even more in the long run but this need to monitor the site frequently, witness every hype and close the investment whenever the whale loses enough you can get even +5% ROI in few minutes. Well this isn't obvious of course and long term investment remains the best option 

Some lucky day when you invest and suddenly whales loses so you make money and exit it and it can occur otherwise as well. But now it seems some whales are lucky and winning some and resulting in losses on your investment in bankrolls. But as you said this is temporary in the long run this all will be covered provided whales loses big time as well.

[peter0425]

lol, yolodice would not exist until now if they keep losing and they are good with whales.
There are just times that whales won but in the long run, it's still the site who are winning, and that makes investors profitable, hence patience is important.

In fact even in short run you can be profitable, even more in the long run but this need to monitor the site frequently, witness every hype and close the investment whenever the whale loses enough you can get even +5% ROI in few minutes. Well this isn't obvious of course and long term investment remains the best option 

Some lucky day when you invest and suddenly whales loses so you make money and exit it and it can occur otherwise as well. But now it seems some whales are lucky and winning some and resulting in losses on your investment in bankrolls. But as you said this is temporary in the long run this all will be covered provided whales loses big time as well.

Vice versa, this investment is for those who are willing to take the long ride.

You never know when the whales will fall and bring decent amount of profits to your shared investments.
same thing with when whales dive in and collects money from the house then quit in a flash, damaging
your initial capital.

[mindrust]

As long as the house survives you are good. That's what matters in the long run and as long as the house is protected by mathematics (a proper house edge, max bet amount limit etc) it will never go bankrupt. Your only and biggest risk here is your trust in the owner of the casino.

[snipie]

So far so good, 80% of the profit vanished after 10 days lol. I said once that it will take 10-15 days for my profits to turn red again. Red here I come 

[KTChampions]

So far so good, 80% of the profit vanished after 10 days lol. I said once that it will take 10-15 days for my profits to turn red again. Red here I come 
https://i.imgur.com/n05wcQ0.jpg

As mindrust correctly noted, mathematics works in your favor, so the longer the distance, the more stable your income will be. Therefore, your pessimism should end soon. You have already invested for a period of more than 2 months, I will be very surprised if you do not have a stable tangible profit on a distance of 3 months.

[snipie]

So far so good, 80% of the profit vanished after 10 days lol. I said once that it will take 10-15 days for my profits to turn red again. Red here I come 
https://i.imgur.com/n05wcQ0.jpg

As mindrust correctly noted, mathematics works in your favor, so the longer the distance, the more stable your income will be. Therefore, your pessimism should end soon. You have already invested for a period of more than 2 months, I will be very surprised if you do not have a stable tangible profit on a distance of 3 months.

We all agree about the long term which is technically +1 year. However I am aware of 2 pro gamblers picking everyday up to 1 BTC and sometimes more which made the profits lately negative. Of course losing is a possibility but I doubt they will risk 22 BTC again 

[Gyfts]

So far so good, 80% of the profit vanished after 10 days lol. I said once that it will take 10-15 days for my profits to turn red again. Red here I come 
https://i.imgur.com/n05wcQ0.jpg

As mindrust correctly noted, mathematics works in your favor, so the longer the distance, the more stable your income will be. Therefore, your pessimism should end soon. You have already invested for a period of more than 2 months, I will be very surprised if you do not have a stable tangible profit on a distance of 3 months.

We all agree about the long term which is technically +1 year. However I am aware of 2 pro gamblers picking everyday up to 1 BTC and sometimes more which made the profits lately negative. Of course losing is a possibility but I doubt they will risk 22 BTC again 

How often do you find whales losing tons of BTC? I feel like I'd have to dig around and look at betting logs all day to find whales and most of the time they never come around. Even then, I have to add the risk of the whales winning money and taking away a chunk of the bank roll. I've barely ever gotten a return investing in bitcoin casinos.

[Maus0728]

How often do you find whales losing tons of BTC?

I doubt that you can find any hint whether a whale will be losing or not just by looking at the "Investor Stat". They're unpredictable and there are lots of names playing in YOLOdice that are possible whales.

Even then, I have to add the risk of the whales winning money and taking away a chunk of the bank roll. I've barely ever gotten a return investing in bitcoin casinos.

That's the reason why investing is appropriate for long term period  .

[Tytanowy Janusz]

Even then, I have to add the risk of the whales winning money and taking away a chunk of the bank roll. I've barely ever gotten a return investing in bitcoin casinos.

We all agree about the long term which is technically +1 year. However I am aware of 2 pro gamblers picking everyday up to 1 BTC and sometimes more which made the profits lately negative. Of course losing is a possibility but I doubt they will risk 22 BTC again  

I see that whale win/loss big extreme event is still a hot topic here so I'll put a suggetion how to reduce their impact on final investment ROI.

The smaller the bankroll is, the greater your exposure to the extreme cases is (outcome from investment is more random). I mean that with infinite amount of bets the probability of you ending on loss in infinite low. So if you want to have the most consistent results even for short term investment (~1 month) you should spread your money between different coins and casinos.

F.e Instead of having 1000$ in yolodice bankroll that is 100 000$ big it is better to have 200$ in 100 000$ bankroll, another 100$ in 50 000$ bankroll f.e. bustadice, 100$ in 30 000$ DOGE etc. That way your 1000 $ is involved in much more bets/day. The closer you are to infinite the closer you are to infinite low probability of loss (i know it is not mathematically correct sentence, but it explains the relationship well enough   )

If bankroll that your money will be part of will be 10x bigger than you will reach less random outcome 10 times faster.

[snipie]

-snip-
If bankroll that your money will be part of will be 10x bigger than you will reach less random outcome 10 times faster.

Interesting suggestion to divide your money between many bankroll but it will take much more time to monitor, unless it is done every few weeks or months maybe + the site is very trustworthy since it can closes at any moment or turn scam of course.
Anyway, for the moment my investment in YD is red, I may update the table later.

[glowing10]

-snip-
If bankroll that your money will be part of will be 10x bigger than you will reach less random outcome 10 times faster.

Interesting suggestion to divide your money between many bankroll but it will take much more time to monitor, unless it is done every few weeks or months maybe + the site is very trustworthy since it can closes at any moment or turn scam of course.
Anyway, for the moment my investment in YD is red, I may update the table later.

Last few days it seems investors are not losing out their profits and luck is turning back again to gamblers. This is more like a roller coaster ride where few days we see profits and then it turns profits into losses, and this continues. Nevertheless, the sometime again some gamblers will lose big as well.

[Tytanowy Janusz]

Interesting suggestion to divide your money between many bankroll but it will take much more time to monitor, unless it is done every few weeks or months maybe + the site is very trustworthy since it can closes at any moment or turn scam of course.

I think that there is nothing to monitor. All short term movements are 100% random. My investment is based on strategy:

Buy doge on strong 5y support (~27 sat) and wait for pump
While waiting multiply doge by investing in bankroll
the end

I check my profit only for curiosity but i will not shot it down no matter if i'll see -50% tomorrow or +100%. I wait for good exit point based on doge price.

The only thing that is worth to monitor is to check once per week the reputation section looking for scam accusations against casino that I invested in.


BTW someone is going crazy on BTC

[snipie]

Updated the table for the second time this week since as you noticed there is a big change.

-snip-

Well that is a good strategy. The only problem is a long time crash of a selected coin, which is hard to happens with the major cryptocurrencies!

BTW someone is going crazy on BTC
https://i.imgur.com/5DFuMFm.png

Take a look on "weekly" on the guy holding the top 5 (5 in 1) and all will be clear