Snipie's gambling investment test

[Mahanton]

I was really moved, and I really want to start investing now. I think that this has a good ROI, anyone who could enlighten as to what is the amount of investment ideal for making casino investment?

When it comes to ROI then it wont really be that similar on other investment yet you can somewhat assure that you're with the house which do always win in the end.

Basing into those numbers in OP then you will really see on how potential on investing on gambling site houses but well theres always the risk accompanied with it.

In the question on how much you should invest? Then its up to you but be sure you would invest on the amount that you can afford to lose.

[KTChampions]

Updated the table.
-BTC1.5, won by a whale?, drove the profit down this week.
~

Uh, unpleasant event. If I correctly understand the statistics that is kept in the first post, then because of this event we returned a month back (in terms of profit)? I wonder how fast the recovery will take place, as I see the amount of investments is not growing, perhaps this will help in the recovery.

[Twentyonepaylots]

Good to see you're earning mad bucks through Yolodice, but what exactly are we trying to accomplish right here? Are you selling Yolodice to other members of this forum? If that's so then please do share with us a strategy or a technique you used to make the most out of your investment.

Updated the table.
-BTC1.5, won by a whale?, drove the profit down this week.
~

Uh, unpleasant event. If I correctly understand the statistics that is kept in the first post, then because of this event we returned a month back (in terms of profit)? I wonder how fast the recovery will take place, as I see the amount of investments is not growing, perhaps this will help in the recovery.

Of course it's bound to recover, it's bitcoin after all. You just have to put your faith in it. And 1.5 isn't really something so massive unlike the tens of thousands of bitcoins corporations are buying to ride the cryptocurrency wave.

[FinneysTrueVision]

I don't also agree with your last note.
First, 10% profit over six months isn't that bad considering that you don't have to spend any effort, it's just like storing our money in a bank account which makes you also get a portion from general profit.
Second, Yolodice is most known gambling platform which let users to invest within the platform and get a share from house profit. I know about their investment program since many years and didn't ever see a complaint about it. No one will run off with your money.

With a bank at least your money is insured. You also don't have to worry about being down 20% as is the case with my recent Dogecoin investment. There are certain tradeoffs to be made but I prefer the option that is safest. There is never a guarantee that they won't run off with your money. People have thought the same thing about other casinos and it still happened.

[stadus]

I don't also agree with your last note.
First, 10% profit over six months isn't that bad considering that you don't have to spend any effort, it's just like storing our money in a bank account which makes you also get a portion from general profit.
Second, Yolodice is most known gambling platform which let users to invest within the platform and get a share from house profit. I know about their investment program since many years and didn't ever see a complaint about it. No one will run off with your money.

With a bank at least your money is insured. You also don't have to worry about being down 20% as is the case with my recent Dogecoin investment. There are certain tradeoffs to be made but I prefer the option that is safest. There is never a guarantee that they won't run off with your money. People have thought the same thing about other casinos and it still happened.

Your money is insured but you are not investing in a bank, what percentage will it give you when putting your money in the bank? you might might earn a little interest but your money will eventually hit by inflation, hence, it's value will drop.

Investing is risky, but it's the only way to grow your money, you need to take the risk and play it well, yes, you should still play it well though literally you are not playing but investing.

[kamadazje]

Upon checking this kind of investment, I became interested and curious. I decided to check the stats in dicesites.com but I guess I miss the most important part which is to check whether that certain casino is earning or not in weekly basis.

Your ROI is not that bad even if there are consecutives losses, you were able to regain it as you have received a consecutive green starting from week 10 up until the present. May I know if what are more profitable in investing to Yolodice? using eth, ltc, doge or btc?

[snipie]

Upon checking this kind of investment, I became interested and curious. I decided to check the stats in dicesites.com but I guess I miss the most important part which is to check whether that certain casino is earning or not in weekly basis.

Your ROI is not that bad even if there are consecutives losses, you were able to regain it as you have received a consecutive green starting from week 10 up until the present. May I know if what are more profitable in investing to Yolodice? using eth, ltc, doge or btc?

There isn't a constant growth nor a profitable coin in investment in reality.
LTC investors suffered a huge losses twice, the recent one was only few weeks ago and people lost like 70-80% of their initial investment unfortunately. Additionally at the end of this month, the push (35%) that the site offers will come to an end..
Doge investment is very volatile and you can easily get more than 10% in short term then - 20% just after. Few days ago I remember people reported bad results.
For ETH, there isn't investment plans for the moment.
For BTC, it is less volatile unless there is a whale playing or a competition running like the actual one where my investment is dropping.
Investing is like gambling. The site can win 20 BTC in a week for example while your investment is negative that week especially if your share increased when the site is losing then decreased when it starts winning. It is a bit complicated but I want just say that stats aren't as simple as it looks and never ever invest what you aren't afford to lose. Think about it like tossing a coin every second, at the end of the day you can win like you can lose.

[Saint-loup]

Sorry for this layman question but your ROI is computed in $ or in BTC? Because I don't understand how it can decrease while you are earning more BTC   ~

His ROI computed in btc. Probably you making mistake to realize the summary. His initial investment was 0.0123BTC. End btc column shows that how much balance he have after each week(including profit/loss with initial investment). And it goes up and down as gambler makes loss/profit. BTC added column isn't progressive. It is the difference between his initial investment and his end balance after each week. In week 26 his overall profit was 0.00134202BTC without initial investment. In week 27 his overall profit slightly decreased at 0.00123004BTC. As a result the ROI have been decreased.

Sorry for this layman question but your ROI is computed in $ or in BTC? Because I don't understand how it can decrease while you are earning more BTC  
TYVM for sharing your detailed experience with us.

Yes as Mahdirakib said. I put in the table my initial investment then "plus" or "minus" a number which is what I "earned" or "lost" according to my initial balance, of course in bitcoin and in $. Obviously the dollar number might increase although the BTC's one falling, since the price of BTC/USD is high now. You can find too in "End BTC" the total I gained in BTC which you can convert in $ to compare it with the initial fund.
So today I have a total of 0.01353796 BTC = $243.2 comparing to $121.7 at that time when I opened my investment. My ROI in bitcoin is 10% but in USD is 100% thanks to the huge jump of BTC/USD pair.

Thank you very much for your explanations, it's more clear for me now TY

The past few weeks have not been so great for investors. With there being a competition for the next few days, Bitcoin investments will be paused for this period. I am losing faith in being able to get good returns by investing with this casino. As much as I like YOLOdice, 10% profit in a little over six months does not seem worth the risk of having someone run off with your money.

I don't also agree with your last note.
First, 10% profit over six months isn't that bad considering that you don't have to spend any effort, it's just like storing our money in a bank account which makes you also get a portion from general profit.
Second, Yolodice is most known gambling platform which let users to invest within the platform and get a share from house profit. I know about their investment program since many years and didn't ever see a complaint about it. No one will run off with your money.

I agree with you 10% for 6 month, is a high ROI.
On Freebitcoin you can "only" earn 4.1% APY(but it's guaranteed) and it's one of the highest rate you can find on platforms.

[snipie]

Updated the table.
Our profit is continuing its decline this week too..

Changes in the bankroll:
BTC bankroll

DATE

|| Currently invested

|| Open investments

|| Current investors

09/09/2020

||   182.68532327

||           144

||              82

16/09/2020

||   194.74100876

||           163

||              86

23/09/2020

||   194.04792640

||           164

||              83

30/09/2020

||   193.12535068

||           164

||              87

08/10/2020

||   191.48537831

||           162

||              87

14/10/2020

||   194.56914707

||           163

||              82

22/10/2020

||   195.51596529

||           163

||              81

30/10/2020

||   198.34342187

||           159

||              77

04/11/2020

||   204.12134264

||           161

||              77

11/11/2020

||   203.80380805

||           151

||              75

18/11/2020

||   197.57637960

||           152

||              74

25/11/2020

||   211.88160280

||           153

||              74

03/12/2020

||   210.20271450

||           157

||              77

10/12/2020

||   208.83467324

||           160

||              76

16/12/2020

||   207.36442953

||           164

||              77

[peter0425]

Updated the table.
Our profit is continuing its decline this week too..

Changes in the bankroll:
BTC bankroll

DATE

|| Currently invested

|| Open investments

|| Current investors

09/09/2020

||   182.68532327

||           144

||              82

16/09/2020

||   194.74100876

||           163

||              86

23/09/2020

||   194.04792640

||           164

||              83

30/09/2020

||   193.12535068

||           164

||              87

08/10/2020

||   191.48537831

||           162

||              87

14/10/2020

||   194.56914707

||           163

||              82

22/10/2020

||   195.51596529

||           163

||              81

30/10/2020

||   198.34342187

||           159

||              77

04/11/2020

||   204.12134264

||           161

||              77

11/11/2020

||   203.80380805

||           151

||              75

18/11/2020

||   197.57637960

||           152

||              74

25/11/2020

||   211.88160280

||           153

||              74

03/12/2020

||   210.20271450

||           157

||              77

10/12/2020

||   208.83467324

||           160

||              76

16/12/2020

||   207.36442953

||           164

||              77

Still looking good compared to what it was in months ago.

Good to see your investment is still in good faith while the other Thread like this has no update until now.

Hoping you'll make a Big gain when time comes you decide to stop this and move on.

[snipie]

Good to see your investment is still in good faith while the other Thread like this has no update until now.

Hoping you'll make a Big gain when time comes you decide to stop this and move on.

Thanks. I am trying my best to keep it updated
I am monitoring that running BTC competition in Yolodice from far where a whale is dominating the first spots and playing carefully until now. He is responsible for the recent dip in our investment. As much as I hope he win good as much I hope also he lose some money to let us recover a bit of our losses

[snipie]

Updated the table and added the changes in the bankroll in the 2nd post of this topic.
The reason for this 2nd update in the same week is the dramatic change in the profit which dropped significantly at the end of the Yolodice BTC competition, where players won +BTC10 and the total drop of the site earnings is around BTC6...
The currently invested amount dropped with the same number as the losses and the opened investment dropped too.
17 weeks were suppressed, choas

[KTChampions]

Updated the table and added the changes in the bankroll in the 2nd post of this topic.
The reason for this 2nd update in the same week is the dramatic change in the profit which dropped significantly at the end of the Yolodice BTC competition, where players won +BTC10 and the total drop of the site earnings is around BTC6...
The currently invested amount dropped with the same number as the losses and the opened investment dropped too.
17 weeks were suppressed, choas

  My condolences to you. I do not follow this site, but what kind of promotion was carried out there that led to such significant losses? Is it a win of some kind of whale or is it just that luck suddenly smiled on several players at once? On the one hand, I want to be happy for them, on the other hand, it looks strange.

[snipie]

Updated the table and added the changes in the bankroll in the 2nd post of this topic.
The reason for this 2nd update in the same week is the dramatic change in the profit which dropped significantly at the end of the Yolodice BTC competition, where players won +BTC10 and the total drop of the site earnings is around BTC6...
The currently invested amount dropped with the same number as the losses and the opened investment dropped too.
17 weeks were suppressed, choas

  My condolences to you. I do not follow this site, but what kind of promotion was carried out there that led to such significant losses? Is it a win of some kind of whale or is it just that luck suddenly smiled on several players at once? On the one hand, I want to be happy for them, on the other hand, it looks strange.

Here is a picture of what it looked like hours before the end. I forgot how it was at the end but I believe there was some changes comparing to what is shown in that pic.
Basically 30 accounts (players wouldn't be an accurate word since the real number is less than 15-20 tho) won prizes depending from their profits and not what they wagered during a week, it is a BTC only competition.

Wow, the final hours start looking exciting indeed.

[KTChampions]

My condolences to you. I do not follow this site, but what kind of promotion was carried out there that led to such significant losses? Is it a win of some kind of whale or is it just that luck suddenly smiled on several players at once? On the one hand, I want to be happy for them, on the other hand, it looks strange.

Here is a picture of what it looked like hours before the end. I forgot how it was at the end but I believe there was some changes comparing to what is shown in that pic.
Basically 30 accounts (players wouldn't be an accurate word since the real number is less than 15-20 tho) won prizes depending from their profits and not what they wagered during a week, it is a BTC only competition.

Wow, the final hours start looking exciting indeed.
https://i.imgur.com/0PuuoqL.png

Am I not mistaken if I call it some kind of giveaway from the side of the casino at the expense of bankroll (which is also supported by investors)? If so, then it looks as dishonest as possible in relation to investors. I hope I was mistaken in understanding this phenomenon.

[2double0]

Updated the table and added the changes in the bankroll in the 2nd post of this topic.
The reason for this 2nd update in the same week is the dramatic change in the profit which dropped significantly at the end of the Yolodice BTC competition, where players won +BTC10 and the total drop of the site earnings is around BTC6...
The currently invested amount dropped with the same number as the losses and the opened investment dropped too.
17 weeks were suppressed, choas

That is really sad and a lesson learned that we should never invest in a website which uses our money (bankroll) to run a promo on their website and the investors have a high risk of losing their overall investment because of that promo. The company should take the responsibility of these type of promos and should keep investors out of this. By using investor funds, they are playing with their trust.

[Lanatsa]

Updated the table and added the changes in the bankroll in the 2nd post of this topic.
The reason for this 2nd update in the same week is the dramatic change in the profit which dropped significantly at the end of the Yolodice BTC competition, where players won +BTC10 and the total drop of the site earnings is around BTC6...
The currently invested amount dropped with the same number as the losses and the opened investment dropped too.
17 weeks were suppressed, choas

That is really sad and a lesson learned that we should never invest in a website which uses our money (bankroll) to run a promo on their website and the investors have a high risk of losing their overall investment because of that promo. The company should take the responsibility of these type of promos and should keep investors out of this. By using investor funds, they are playing with their trust.

LOL!

Do you really believe that they would do that? When you are an investor then its automatically considered that you're part of the bankroll.
You aren't just part for the profiting side but also with the losing side.

This is why it isn't bad to pull off some of your investment when you are in gains but if you don't need much off money for now
then recovery is almost guaranteed when you are in side with the house.

[FinneysTrueVision]

That is really sad and a lesson learned that we should never invest in a website which uses our money (bankroll) to run a promo on their website and the investors have a high risk of losing their overall investment because of that promo. The company should take the responsibility of these type of promos and should keep investors out of this. By using investor funds, they are playing with their trust.

What's really annoying is that when they re-opened investments they said that investments would be paused during competitions. Because of this statement I was confident that my profit would remain intact regardless of how things turned out and didn't close my investments. Now my lifetime profit is in the negative.

is this serious, especially #5?

Yes, it's serious. A word of explanation: a paused investment will just be "frozen" - it will retain it's exact value, but will not participate in the bankroll and profits. An investor could still close the investment and cash out anytime.

I think this is the only reasonable way to run competitions where we share profits with the players (like: 50% of site profits goes to the prize pool), unless anyone has any other idea?

Cheers,
Ethan

[kramchers]

It seems that you are one of the good gamblers who has a discipline in playing anyway.
And the way you are doing over that gambling site I think its not easy I guess. But I will try to study you methods
in terms of investment in gambling Sir, thanks for sharing this one here. Good day!

[snipie]

Updated the table and added the changes in the bankroll in the 2nd post of this topic.
The reason for this 2nd update in the same week is the dramatic change in the profit which dropped significantly at the end of the Yolodice BTC competition, where players won +BTC10 and the total drop of the site earnings is around BTC6...
The currently invested amount dropped with the same number as the losses and the opened investment dropped too.
17 weeks were suppressed, choas

That is really sad and a lesson learned that we should never invest in a website which uses our money (bankroll) to run a promo on their website and the investors have a high risk of losing their overall investment because of that promo. The company should take the responsibility of these type of promos and should keep investors out of this. By using investor funds, they are playing with their trust.

LOL!

Do you really believe that they would do that? When you are an investor then its automatically considered that you're part of the bankroll.
You aren't just part for the profiting side but also with the losing side.

This is why it isn't bad to pull off some of your investment when you are in gains but if you don't need much off money for now
then recovery is almost guaranteed when you are in side with the house.

Lanatsa, what are you talking about? Where did you find that I am saying I should always be in the profitable side? I was updating all of this to the others for months now and risking some +100 bucks to do it just to make things clearer for everyone.. If you check the table my investment was negative for weeks and I continued to update the table. Sorry but your post doesn't make sense and you failed to understand the point of this topic.
What I blame the site for is as FinneysTrueVision said, our investment should be frozen during this competition, thing that didn't took place this time and what we could argue about and even ask for "refund" since this statement is clearly mentioned in their term. Personally I consider it as a side event that could occur in any investment and people should be aware of.