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Author Topic: After 1 year of diversified bitcoin dice house bank investment we lost 32.46%  (Read 17460 times)
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Bitcoin Betting Guide
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October 17, 2014, 02:29:06 PM
Last edit: October 18, 2015, 12:33:29 AM by Bitcoin Betting Guide
 #1

On the 1st of October 2014 we invested ฿1 in the house bank of the top 9 bitcoin gambling investments sites

This is the performance as of the 07th of January 2015. There is a more recent update on the site


We will report and compare the performance of those investments as well as a key site stat that you won’t find anywhere else. Expected annual return is based on the investors edge and how often the house bank is turned over. How many times the bank is turned over per year multiplied by the edge is the expected annual return.

We will update the figures and this thread at least every 2 weeks. Here is the table

http://www.bitcoin-dice-guide.com/dice-investment-comparison/

We have also reviewed the operators here.

http://www.bitcoin-dice-guide.com/bitcoin-dice-reviews/

It's still amateur hour out there i'm afraid, most sites leave something to be desired and some operators don't even reply when contacted. But we do love the house bank investment model and believe the industry will mature. The game changer will be a trustless implementation on the blockchain via a smart contracts... or something.

The world's best source of crypto gambling information. Helping bettors win crypto! https://bitedge.com
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October 18, 2014, 10:07:23 AM
 #2

Nice stats. I guess one ninja scam made your average go below 1.I really hope no dice sites just runs away with funds like that.

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October 18, 2014, 11:40:03 AM
 #3

PRC kicking ass and taking names

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October 18, 2014, 11:52:39 AM
 #4

great stats, i guess prc dice good for investment Smiley

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October 18, 2014, 02:50:15 PM
 #5

I play at Win88 Casino and Peerbet! Whooo.. Cool to see those sites.
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October 18, 2014, 04:50:00 PM
 #6

I was looking for exactly this for quite some time, thank you!
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October 18, 2014, 07:23:45 PM
 #7

Nice topic idea.

Will you update this thread regularly?

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October 19, 2014, 03:18:24 AM
 #8

great stuff, really.
how are you going to handle new sites that enter?




.




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October 19, 2014, 04:45:19 AM
 #9

great stats, i guess prc dice good for investment Smiley

Investing is so-so. Gamble and gtfo!

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October 19, 2014, 08:41:51 AM
 #10

up 15 btc investing 19 btc when the profit was -83 on prcdice=P I love it
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October 20, 2014, 06:00:29 AM
 #11

Thanks for all your comments it is very encouraging Smiley

I was looking for exactly this for quite some time, thank you!

Thanks for saying so, that is exactly what we were hoping. I first thought of doing it for myself on a spread sheet then I realized if that was useful for me it would be useful for others in the community so I decided to share it.

Nice topic idea.

Will you update this thread regularly?

At least every week Smiley

great stuff, really.
how are you going to handle new sites that enter?

The lesson from dice ninja says that we should not touch them!

Anyway we are able to add new sites and 7 out of the 9 columns on the table will be just as relevant for comparison. Or we could group some new ones together and make a round 2, perhaps make each table last a year. Anyway we really tried to include every decent option there is so this is not an issue for as long as possible.

The world's best source of crypto gambling information. Helping bettors win crypto! https://bitedge.com
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October 20, 2014, 07:42:49 AM
 #12

Did you interviewed the owner of these sites? How did you come up with thos information?

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October 20, 2014, 08:30:28 AM
 #13

Quote
How many times the bank is turned over per year multiplied by the edge is the expected anal annual return.

Typo alert.
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October 20, 2014, 08:31:30 AM
 #14

up 15 btc investing 19 btc when the profit was -83 on prcdice=P I love it

I invested small amount when profit was slightly above zero. Made around 37%, so similar to the OP. There were some crazy times when whales were playing.

Also made ~10% on DOGE investment, but not many people know that PRCDice accept it, so there are not many DOGE players.

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October 20, 2014, 08:41:20 AM
 #15

VERY nice comparison table! Just one (small) thing... I am not sure I understand that final "score" column, is that related to the other numbers (seems not) or it's just about your general feeling on the sites?

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October 20, 2014, 09:53:37 AM
 #16

VERY nice comparison table! Just one (small) thing... I am not sure I understand that final "score" column, is that related to the other numbers (seems not) or it's just about your general feeling on the sites?

It's not based on numbers but on their rating. Go to their website and click 'review score' to see how they rate it.


One thing I don't get. They say they've invested BTC1 in each, but in 'Bitcoin Casino' review score it says:

Quote
What we don’t like:
 Investment not open to all customers and ฿10 minimum. House bank and dice bets stats not available. Navigation is not as intuitive as other sites. Not much action.

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October 20, 2014, 03:59:11 PM
 #17

Did you interviewed the owner of these sites? How did you come up with thos information?

We contacted all the sites and most have replied but we do not need to contact the sites for the information in the table, the sites publish the size of their banks and the amount bet and we track that over time to work out the bank turnover time.


One thing I don't get. They say they've invested BTC1 in each, but in 'Bitcoin Casino' review score it says:

Quote
What we don’t like:
 Investment not open to all customers and ฿10 minimum. House bank and dice bets stats not available. Navigation is not as intuitive as other sites. Not much action.

Good catch, we got in just before win88 changed that policy.

The world's best source of crypto gambling information. Helping bettors win crypto! https://bitedge.com
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October 24, 2014, 01:18:25 AM
Last edit: June 22, 2015, 03:28:09 AM by Bitcoin Betting Guide
 #18

Here is the weekly update as of 24th of October 2014


Most investments were steady except win88 which had it's 3rd stellar week and will go to top spot if it repeats that performance.

Our password manager and ourselves did not record our Ice Dice user ID, thinking we could log in with our user name and password. We could not, the user ID recovery function did not work and support did not help. Luckily the user ID is part of the referral URL that we did record so we got access to our account eventually but it was a negative experience that showed up the lacking in Ice Dice's system and support.

See the live table, operator reviews and more good stuff at the Bitcoin Dice Guide.

The world's best source of crypto gambling information. Helping bettors win crypto! https://bitedge.com
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October 24, 2014, 07:32:00 AM
 #19

Maybe you should remove dice.ninja from the average computation, list it as dead or something.

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October 24, 2014, 07:53:42 AM
 #20

Maybe you should remove dice.ninja from the average computation, list it as dead or something.

Yup, good point; also very good work, following this thread  Smiley

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