Snipie's gambling investment test

[FinneysTrueVision]

This was a really interesting experiment. Once the wagering volume started going down it did not seem like it was worth remaining a part of the bankroll. I feel bad for investors who lost the majority of their investment. People have compared this to investing in an unprofitable company that decided to shut down. If YOLOdice was more like a company then I think a change in leadership might have been more appropriate rather than leaving investors holding the bag. Unfortunately, with gambling there is a lot of anonymity involved and you can't just change ownership suddenly to someone that has no reputation.

[peter0425]

You only have short time to take out your investment mate hope you'll make it in time , as the decision of Ethan and Scott seems to be fixed and won't be changed .

Yeah not much time left + bankroll getting smaller everyday so higher share + some whales are trying their last shots, today a guy won +1.5 BTC for example SO I decided to close my investment.

Great decision you made here mate because there is no good future as the journey is near to end ,but this was a Nice months of your gambling career i believe , your experience and effort are one of the best.

Thanks everyone for following this topic for months, we have, as investors, very good moments and sad ones.

No instead we must be the one who thank you because of the challenge you take.

final record  and the end has come .

[onrise]

Good to see that atleast you did not end up in a loss, because know that in between some whale made a huge btc win but probably was setoff after the same person or other lost in few days. Probably now few last times people are trying their luck and playing with big multiplier due to which some lucky ones are making it big. But on other hand investors funds are sinking with the win of the big whales.

Thanks for the constantly updating each week rigorously.

[janggernaut]

If you didn't closed the investment, you could be in loss right now because bankroll keep smaller due to people panic selling and also want move their money to somewhere else.

Thanks for all informations you have updated until now, snipie

[snipie]

Yeah not much time left + bankroll getting smaller everyday so higher share + some whales are trying their last shots, today a guy won +1.5 BTC for example SO I decided to close my investment. [1]

1.) How does it work in general lol? I do not remember the news that some whale lost that kind of money. I am becoming more and more suspicious ...

I know at least one who joined recently (The_Last_Hunt) and made +1.9 BTC. In the chart you can find recent up and down which is very bad for investors since they won't recover what they lost when up = down, they need a bigger profit to recover any deep.

If you didn't closed the investment, you could be in loss right now because bankroll keep smaller due to people panic selling and also want move their money to somewhere else.

Thanks for all informations you have updated until now, snipie

True, with the 2 deep in the chart I would definitely turn negative by now.
Thanks everyone for your kind words
Table 2 updated. 5 days left.

[michellee]

From your image, I see you made much investment in LTC and Dogecoin. I see that you get a nice profit from the investment, but unfortunately, that will not give you the profit since Yolodice wants to close their site. That is sad news to the investor, a gambler and the participants. But we can not say anything because I think Ethan has another reason that we do not know. At least, you can satisfy with your investment in the end.

[carlisle1]

Now this is really confirmed as ethan_nx finally closed the Signature campaign for YoloDice

Thanks you so much for these 4 years, it's been a great campaign. YOLOdice would not be the same without YOU! Special thanks to Moglie for running the campaign. And perhaps see you next time!!!

Cheers,
Ethan

This means anytime now the thread will be locked and everyone needs to move on .

I have watched this thread from the beginning and i Want to congratulate OP for the great venture, though this proves that Investing in Gambling sites are not profitable that much .

This may serve as example and basis for those who are looking for same kind of investing.

[snipie]

From your image, I see you made much investment in LTC and Dogecoin. I see that you get a nice profit from the investment, but unfortunately, that will not give you the profit since Yolodice wants to close their site. That is sad news to the investor, a gambler and the participants. But we can not say anything because I think Ethan has another reason that we do not know. At least, you can satisfy with your investment in the end.

I talked a little in page 3 and so, about these investments but most of it was only for few days

Now this is really confirmed as ethan_nx finally closed the Signature campaign for YoloDice

Thanks you so much for these 4 years, it's been a great campaign. YOLOdice would not be the same without YOU! Special thanks to Moglie for running the campaign. And perhaps see you next time!!!

Cheers,
Ethan

This means anytime now the thread will be locked and everyone needs to move on .

I have watched this thread from the beginning and i Want to congratulate OP for the great venture, though this proves that Investing in Gambling sites are not profitable that much .

This may serve as example and basis for those who are looking for same kind of investing.

Yeah Ethan already announced that the campaign is no longer in from the previous week. Many participants kept the signature for the moment but we will end by removing it since the service will no longer be available unfortunately.
The invested amount kept dropping but slowly. 4 days left

[KTChampions]

1.) How does it work in general lol? I do not remember the news that some whale lost that kind of money. I am becoming more and more suspicious ...

I know at least one who joined recently (The_Last_Hunt) and made +1.9 BTC. In the chart you can find recent up and down which is very bad for investors since they won't recover what they lost when up = down, they need a bigger profit to recover any deep.

I would be more pleased if you said that there are also examples of those who joined and immediately lost 1.5-2 bitcoins )
I don’t want to be a conspiracy theorist, but these new players ripping off huge winnings is not an argument in favor of "everything looks normal, it should be." Sorry for the offtopic, I'm finishing this delicate topic.

[snipie]

I would be more pleased if you said that there are also examples of those who joined and immediately lost 1.5-2 bitcoins )
I don’t want to be a conspiracy theorist, but these new players ripping off huge winnings is not an argument in favor of "everything looks normal, it should be." Sorry for the offtopic, I'm finishing this delicate topic.

Gotcha. Honestly people are more attracted to who win big rather who loses. However, I reported previously here, who I called "Mr X", the guy who lost twice more than 25 BTC. You can find in the chat some people with stats enabled, so you can have an idea about their earnings. Recently, I believe there wasn't anyone betting big so I don't remember seeing +0.5 - 1 BTC losses.
Updated the 2nd table.

[KTChampions]

I would be more pleased if you said that there are also examples of those who joined and immediately lost 1.5-2 bitcoins )
I don’t want to be a conspiracy theorist, but these new players ripping off huge winnings is not an argument in favor of "everything looks normal, it should be." Sorry for the offtopic, I'm finishing this delicate topic.

Gotcha. Honestly people are more attracted to who win big rather who loses. However, I reported previously here, who I called "Mr X", the guy who lost twice more than 25 BTC. You can find in the chat some people with stats enabled, so you can have an idea about their earnings. Recently, I believe there wasn't anyone betting big so I don't remember seeing +0.5 - 1 BTC losses.
Updated the 2nd table.

Wow, it hurts me even to think about such amounts. On the other hand, one must think that since he risked such money, he could afford it.
Yes, I looked through many profiles with open statistics and everywhere I saw significant losses if the number of bets was more or less large. This is why it has always been surprising to me to read that casinos (and investors) lose profits to someone's big wins.

[snipie]

Wow, it hurts me even to think about such amounts. On the other hand, one must think that since he risked such money, he could afford it.
Yes, I looked through many profiles with open statistics and everywhere I saw significant losses if the number of bets was more or less large. This is why it has always been surprising to me to read that casinos (and investors) lose profits to someone's big wins.

Yeah that guy is rich for sure and I asked him once how he could digest such losses and he told me he is winning in another casino.
The algorithm used isn't good for investors since you can't recover what you lost when someone loses the same amount when gambling.
Since I am updating table 2 everyday now, It is interesting to see that the invested amount is stable in 4 days with only 2 days left for closure!

[janggernaut]

So, today is the last day for Yolodice operating, isn't it? After today, site won't accept any deposit again and they just give the time to their investor withdraw their money.

Snipie, do you have a plan to run another investment on another gambling site?

[KTChampions]

Wow, it hurts me even to think about such amounts. On the other hand, one must think that since he risked such money, he could afford it.
Yes, I looked through many profiles with open statistics and everywhere I saw significant losses if the number of bets was more or less large. This is why it has always been surprising to me to read that casinos (and investors) lose profits to someone's big wins.

Yeah that guy is rich for sure and I asked him once how he could digest such losses and he told me he is winning in another casino.
The algorithm used isn't good for investors since you can't recover what you lost when someone loses the same amount when gambling.
Since I am updating table 2 everyday now, It is interesting to see that the invested amount is stable in 4 days with only 2 days left for closure!

What's so surprising about that? Investors do not lose anything if I understood everything correctly? Apparently they will be given time to inform the address to which they will have to receive their investments. Any business after the closure gives time to resolve such issues. I admit that some of the (small) investors have completely forgotten about their investments. This often happens. I have an online store and about every 500th customer makes a purchase but does not pick up their product  

~
Snipie, do you have a plan to run another investment on another gambling site?

I think that those who have studied such topics on the forum have no desire to make such investments, and especially continue it 

[tabas]

So, today is the last day for Yolodice operating, isn't it? After today, site won't accept any deposit again and they just give the time to their investor withdraw their money.

Just add one more day and it's today which is their last day. Withdrawals are allowed until March 15.
It is indicated on their website.

[snipie]

So, today is the last day for Yolodice operating, isn't it? After today, site won't accept any deposit again and they just give the time to their investor withdraw their money.

Just add one more day and it's today which is their last day. Withdrawals are allowed until March 15.
It is indicated on their website.

Yes today is the last day to play and deposit in the site. Starting from tomorrow until March 15 people can only withdraw their earnings from the site as tabas mentioned.

~
Snipie, do you have a plan to run another investment on another gambling site?

I think that those who have studied such topics on the forum have no desire to make such investments, and especially continue it  

Accurate KTChampions. @janggernaut I have no plan to open new investment after this one, I am a bit unsatisfied with the revenue. It is much below my expectation
I updated table 2 and still have many questions about the stable invested amount. Although 7 people closed 10 investments, the number is still the same in the last 5 days, weird. Whether part of those people aren't aware of what's going on in the site or they decided to keep their investments to the last second!

[janggernaut]

@snipie, oh thought you gonna do another investment on other site, just like on Bitvest, or Bustabit and Bustadice. But if i were you, i would feel dissapointed with the result after invested in more than 25 weeks with that result ( i know there is a always a risk from investing, doesn't matter where you invest).

[snipie]

@snipie, oh thought you gonna do another investment on other site, just like on Bitvest, or Bustabit and Bustadice. But if i were you, i would feel dissapointed with the result after invested in more than 25 weeks with that result ( i know there is a always a risk from investing, doesn't matter where you invest).

I invested the required time for a women to have a baby
And at the opposite of having babies, I don't need more stressing event for a while
I updated table 2 and as you can see, the currently invested is almost nullified after many people retracted their money, including admins tho. The site is closed for playing and people can only withdraw their earnings. It is unfortunate to see that

[snipie]

The last investments were pulled from the site finally and here is what it looks like all the four investment (ETH wasn't public).

It is officially the end. Screenshot for the record.

[snipie]

Thank You for the final screenshot and how the overall investment returns over the months you had being posting on week basis. Overall, for me too LTC and btc were ended in the negative range and can’t do much as in the end had to close it on the loss basis only. But overall had a fun and good time too but dint had that good luck to win either while playing dice.

Thanks. It is unfortunate that you end with a negative balance
For LTC, I doubt there is a single person finishing with a single litoshi up.
For BTC, it wasn't performing good since weeks so unless investing early, the reward will also be negative. I think things are clear for us now and we are aware more than anytime that the house isn't all the time winning.