Snipie's gambling investment test

[KTChampions]

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 

Why are you taking such a long distance? I think that even within a month such a huge number of bets are made that the casino's advantage should be undeniable. Perhaps your current losses can be explained by the fact that the number of large bets is small and it so happened that they were profitable (for the players), so they outweighed the rest of the small ones.
I'm sure these two players are using something like a martingale (since their profits are almost constant), but one day their strategy will collapse and they will lose everything.

[Maus0728]

Welp!!



Another whale lost a huge amount of bitcoin. This is good for investors out there!

[snipie]

Updated the table again after a huge change in my profit!

-snip-

-snip-

Didn't witness what happened but saw it few hours later yesterday.
It is big losses from him, same guy as the previous time, who has the first 5 spots in BTC weekly. +25 BTC this time and 22 BTC last time... I didn't see him yet but this is very hard to digest!

[xxjumperxx]

Ouch... for him!
Good for all the investors, that sure gave all of you a nice boost!
Lets hope he continues playing and hopefully the luck continues to be on the Sites side!

[snipie]

New week, new update of the table.
So far there is a drop of ~20% of our profits comparing to few days ago, when the whale lost around 25 BTC. I think it is related to him gambling with his weekly earnings since he had the first 5 spots so he got around 1 BTC, wagered it and made some profits then disappeared. Don't know if he will come back at some point. We will continue monitoring the table and see

[xxjumperxx]

If he felt lucky betting and making a profit. Im pretty sure he will be back for more!
There is alot of movement in the bankroll, I mean pretty big swings. 

[snipie]

Updated the table today, didn't pay attention we are in a new week.
There is 2 new things, 1st is a rise in the bankroll share, apparently people get afraid from what happened in LTC and preferred to cash out with a profit, or they were annoyed with the long waiting to see a positive number to close their investments. Not sure which one since I forgot when this rise in the share happened.
The 2nd point is, there is a drop in our profits since some players are doing well lately but also another guy (probably the same whale) returned to claim his money.

[mindrust]

New week, new update of the table.
So far there is a drop of ~20% of our profits comparing to few days ago, when the whale lost around 25 BTC. I think it is related to him gambling with his weekly earnings since he had the first 5 spots so he got around 1 BTC, wagered it and made some profits then disappeared. Don't know if he will come back at some point. We will continue monitoring the table and see

They always comeback. These people are addicted. Right now he is thinking, "I could have made more. I know I could have. Why settle for 1btc? 1btc is nothing. I need 100btc!!!1!" 

[Natalim]

Still above 6% in just 2 months is good return and after all the big win by whale and then much bigger lost help all the investors. Also, for LTC I think if some if good winning in LTC might not want to convert to btc and want to play with that. So people closing in that anticipation give a good chance to you as your % rose and if someone loses you gain very quickly in this period.

Nice profit you got, 6% in 2 months if you can make it consistently, you'll gonna grow that investment easily in the long run.
More than you can make in a typical low risk investment, at least here you know edge is in your favor.

Good luck, keep us posted with the timely update.

I need 100btc!!!1!" 

now that's a real thing.

[leea-1334]

6% profit in 2 months on doge is very nice, I experienced about the same (maybe more actually, but since I keep divesting I cannot really keep track haha) for Bitcoin. It is the only crypto I invest,,,

As they say, though, long term is important!

[Vaculin]

As they say, though, long term is important!

If I will invest, I would certainly go for long term but being an investor, you'll not only look at the profitability of your crypto investment but also the price of the coin in the market. Let's say, you invested bitcoin at $3,000 and in just 6 months price pumped to $30,000, will you divest your investment or not? Me, I would divest as I believe after that pump comes the correction, and 1000% increase is hard to achieved investing in casino only.

[snipie]

6% profit in 2 months on doge is very nice, I experienced about the same (maybe more actually, but since I keep divesting I cannot really keep track haha) for Bitcoin. It is the only crypto I invest,,,

As they say, though, long term is important!

My investment is in bitcoin and not doge, i think you made a tippo here
Long term yea but how long? Seeing the losses made recently in the LTC investment for old investors, then I wonder if it worth keeping my money for long time or just invest in the deep and divest at high. I am talking about - 70% ROI for early investment. This 70% needs months or maybe years to recover and to start winning again.

[mirakal]

As they say, though, long term is important!

If I will invest, I would certainly go for long term but being an investor, you'll not only look at the profitability of your crypto investment but also the price of the coin in the market. Let's say, you invested bitcoin at $3,000 and in just 6 months price pumped to $30,000, will you divest your investment or not? Me, I would divest as I believe after that pump comes the correction, and 1000% increase is hard to achieved investing in casino only.

Good point, can't hold too long without looking at the price, otherwise, your effort will be wasted.
Crypto market since volatility is high is all about taking the right opportunity to invest and to cash out that money, and that includes investing in a casino.

Long term yea but how long?

Only investors who really risk their money investing in a casino could tell, and that's you.

[Maus0728]

Long term yea but how long? Seeing the losses made recently in the LTC investment for old investors, then I wonder if it worth keeping my money for long time or just invest in the deep and divest at high. I am talking about - 70% ROI for early investment. This 70% needs months or maybe years to recover and to start winning again.

The movement of your profit isn't something similar to the movements of supply and demand. You really can't determine whether the graph is in a state of dip nor high and that is not something you can depend on with regards to your investments.

In fact, there is no certainty that the graph will soar high if it is experiencing a massive low and vice versa. The only thing I can be at least sure of is to have multiple investment in different casinos to at least reduce the damage if whenever there is a whale winning.

[snipie]

Long term yea but how long? Seeing the losses made recently in the LTC investment for old investors, then I wonder if it worth keeping my money for long time or just invest in the deep and divest at high. I am talking about - 70% ROI for early investment. This 70% needs months or maybe years to recover and to start winning again.

The movement of your profit isn't something similar to the movements of supply and demand. You really can't determine whether the graph is in a state of dip nor high and that is not something you can depend on with regards to your investments.

In fact, there is no certainty that the graph will soar high if it is experiencing a massive low and vice versa. The only thing I can be at least sure of is to have multiple investment in different casinos to at least reduce the damage if whenever there is a whale winning.

Yeah it is hard and unpredictable. Watching whales playing in real time isn't obvious. Check the weekly and take a look on the amount wagered this week, most of it yesterday, hilarious! I am now around 30k satoshi in profit only!

[snipie]

Topic updated.
This week there was another spike in the chart 3-4 days ago and our profits jumped nicely, for me in is a new ATH. Although there was few accounts wagering with +50 BTC but the bankroll was fortunately stable, apart from the one who lost ~15 BTC afaik. I will try to keep the topic updated as possible but there may be some delays in September 

[Tytanowy Janusz]

Topic updated.

Looks like you have +11.5% in 2 months and 16 days out of which +12.75% in last 18 days. This shows that everything below few months is burdened with a small sample error bigger than expected profit. Looks like <6 months investment is closer to gambling than I thought. Diversification to many casinos and many coins is a must have for <3 months investment to call it investment instead of gamble.

I'm still in shock how TF someone was able to win 4000 LTC with max payout for single bet equal 45 LTC (0.5% of bankroll). 90 times win in a row?

[Questat]

Topic updated.

Looks like you have +11.5% in 2 months and 16 days out of which +12.75% in last 18 days. This shows that everything below few months is burdened with a small sample error bigger than expected profit. Looks like <6 months investment is closer to gambling than I thought. Diversification to many casinos and many coins is a must have for <3 months investment to call it investment instead of gamble.

I'm still in shock how TF someone was able to win 4000 LTC with max payout for single bet equal 45 LTC (0.5% of bankroll). 90 times win in a row?

I would go for diversification on different casinos only but on many coins, I would go with the most stable which is Bitcoin.
Everyone is doing well so far, the other thread shows a positive return and this thread too, so investing is really profitable if we trust and hold our investment a bit.

[Tytanowy Janusz]

I would go for diversification on different casinos only but on many coins, I would go with the most stable which is Bitcoin.
Everyone is doing well so far, the other thread shows a positive return and this thread too, so investing is really profitable if we trust and hold our investment a bit.

Everyone has your attitude. Me too. That's why there is 180 BTC in bitcoin bankroll and only 18 BTC worth DOGE in DOGE bankroll. This affect in paying extra reward for bigger currency risk. And this risk/reward ratio for extra risk is quite fair.
Yatsan has +14% starting from 13/05 in his BTC investment and i have +21% in my DOGE investment in the same time. And when you compare old investors data it is like 5x better while DOGE is on all time support (25-30 sat)

[snipie]

I'm still in shock how TF someone was able to win 4000 LTC with max payout for single bet equal 45 LTC (0.5% of bankroll). 90 times win in a row?

Honestly I don't get it too. I was there (at the end) when this happened, he was playing with the max bet (it was 78 LTC first then dropped down to ~15 LTC then ~25 LTC when he finished), x2 chance, no strategy, just switching between hi/lo... I would say he has the seed if he wasn't changing his seeds every few minutes!
Ethan was there too and checked the server, there wasn't anything suspicious.
Well he was super lucky but the investors will suffer for a long time with -70-80%!