After 1 year of diversified bitcoin dice house bank investment we lost 32.46%

[Mist]

Nice thread, thank you for this info. This should also help newer investors decide where to head 

[Minnlo]

Ouch, 3 of the "top 8" sites were gone after just 4 months. The remaining 5 sites have a very good return rate, except for dicenow with only 3% p.a.

Lesson learned: The house is very likely to get nice profit with the presence of house edge, but it may not be the case for bankroll investors.

What do you mean by that? Are you suspecting operators to somehow steal the investors' earnings? If so, that shouldn't be difficult to prove. Care to elaborate?

Or are you just trying to increase your post count?

Huh? What kind of proof do you want lol?
As I said, 3 of the top 8 sites OP invested (Dice Ninja, Ice-Dice and Coinwin) become a scam within just 4 months. Just click the 3 sites' link in OP, and you will realize they are all down for quite some time already.

So nope, the 3 sites didn't just steal investors' earnings, they stole all the investments and deposits from gamblers.

[pawel7777]

Ouch, 3 of the "top 8" sites were gone after just 4 months. The remaining 5 sites have a very good return rate, except for dicenow with only 3% p.a.

Lesson learned: The house is very likely to get nice profit with the presence of house edge, but it may not be the case for bankroll investors.

What do you mean by that? Are you suspecting operators to somehow steal the investors' earnings? If so, that shouldn't be difficult to prove. Care to elaborate?

Or are you just trying to increase your post count?

Huh? What kind of proof do you want lol?
As I said, 3 of the top 8 sites OP invested (Dice Ninja, Ice-Dice and Coinwin) become a scam within just 4 months. Just click the 3 sites' link in OP, and you will realize they are all down for quite some time already.

So nope, the 3 sites didn't just steal investors' earnings, they stole all the investments and deposits from gamblers.

I was referring to this part of your post:
"Lesson learned: The house is very likely to get nice profit with the presence of house edge, but it may not be the case for bankroll investors"

You made it sound like the house is taking a profit while investors don't. Which is not the case if the site is legit.
3 operators turned to be scammers but that have nothing to do with house edge. If the operator is genuine, his profits will go in line with investors' profit.

So the 'lesson learned' should rather be: "don't invest if you don't have any trust in the operator"

[Minnlo]

Ouch, 3 of the "top 8" sites were gone after just 4 months. The remaining 5 sites have a very good return rate, except for dicenow with only 3% p.a.

Lesson learned: The house is very likely to get nice profit with the presence of house edge, but it may not be the case for bankroll investors.

What do you mean by that? Are you suspecting operators to somehow steal the investors' earnings? If so, that shouldn't be difficult to prove. Care to elaborate?

Or are you just trying to increase your post count?

Huh? What kind of proof do you want lol?
As I said, 3 of the top 8 sites OP invested (Dice Ninja, Ice-Dice and Coinwin) become a scam within just 4 months. Just click the 3 sites' link in OP, and you will realize they are all down for quite some time already.

So nope, the 3 sites didn't just steal investors' earnings, they stole all the investments and deposits from gamblers.

I was referring to this part of your post:
"Lesson learned: The house is very likely to get nice profit with the presence of house edge, but it may not be the case for bankroll investors"

You made it sound like the house is taking a profit while investors don't. Which is not the case if the site is legit.
3 operators turned to be scammers but that have nothing to do with house edge. If the operator is genuine, his profits will go in line with investors' profit.

So the 'lesson learned' should rather be: "don't invest if you don't have any trust in the operator"

I see. I should have made my point more clearly, and sorry for the confusion caused.

[PocketRocketsCasino]

You should know that BitDice risks 1% of the bankroll, PRC or JD risks 0.5%.

Actually since Dec 31st we allow up to 10% risk for any investor and JD now offers any risk level up to 99% as far as I'm aware.

The bitcoin dice investment industry: 37% scam rate & -24% ROI in 5 months"

The thread title and the stats posted are misleading and not representative of dice investment in general.

Some of the scam sites (on this list or not) were obvious or suspicious from the start and I and others tried to warn people of them.

But unfortunately people, including yourself, got scammed. It hurts the whole Bitcoin community, not just the gambling section of the forum and also makes it harder for all the legit Bitcoin operators.

The (total) ROI you posted isn't an accurate reflection of investing in the, very few, honest dice sites either.

Some of the investors at https://pocketrocketscasino.eu/ have over 100% ROI in the past 6 months and on average it is positive for all investors with a much better ROI than investing elsewhere. Even your own stats show 40% ROI which is a very good return.

Maybe you should keep the scam sites listed but show 2 figures for your ROI. One for your ROI from all the sites still in operation and one for the total like you have now?

[finnile]

You should know that BitDice risks 1% of the bankroll, PRC or JD risks 0.5%.

Actually since Dec 31st we allow up to 10% risk for any investor and JD now offers any risk level up to 99% as far as I'm aware.

The bitcoin dice investment industry: 37% scam rate & -24% ROI in 5 months"

The thread title and the stats posted are misleading and not representative of dice investment in general.

Some of the scam sites (on this list or not) were obvious or suspicious from the start and I and others tried to warn people of them.

But unfortunately people, including yourself, got scammed. It hurts the whole Bitcoin community, not just the gambling section of the forum and also makes it harder for all the legit Bitcoin operators.

The (total) ROI you posted isn't an accurate reflection of investing in the, very few, honest dice sites either.

Some of the investors at https://pocketrocketscasino.eu/ have over 100% ROI in the past 6 months and on average it is positive for all investors with a much better ROI than investing elsewhere. Even your own stats show 40% ROI which is a very good return.

Maybe you should keep the scam sites listed but show 2 figures for your ROI. One for your ROI from all the sites still in operation and one for the total like you have now?

Are you serious ? I have seen you post about every other site being a scam site in chat. A just because 1 or 2 of them were, you are saying you saw them coming ?
Maybe you should look at your trust rating. A Scammer fits the profile you currently have.
And where is that bounty I was promised ?

[dooglus]

You should know that BitDice risks 1% of the bankroll, PRC or JD risks 0.5%.

Actually since Dec 31st we allow up to 10% risk for any investor and JD now offers any risk level up to 99% as far as I'm aware.

JD allows you to specify "offsite investment" - funds you have access to, but didn't yet deposit.

Investors risk up to 0.5% of their total investment (onsite + offsite) per roll.

Some investors claim huge "offsite" amounts. Some of them are presumably lying about the funds they have available, but that's OK.

[panju1]

PRC still seems to be going strong. 
The high scam rate in the industry is disheartening, though.

[theskillzdatklls]

Dean, I kinda gotta disagree with you. I guess if BBG wants to make multiple percentages, that would be cool, would be more work but I guess give people a clearer picture or at least look at it from different sides.

I have been investing in dice sites for a while and done great. I just narrowly dodged a huge scam with dice ninja... almost put a massive amount of coin onto the site but didn't about 48 hours before it scammed, and I was only doing that bc of d00gs recommendation.

I know I have gotten real lucky dodging the scams, but I also think there is some skill in it too. Knowing who and where I'm putting money with and who I choose not to.

Mostly though, scam equity is kind of a big deal in this industry and pretending like it isn't there isn't really realistic or fair though.

[BayAreaCoins]

I have been investing in dice sites for a while and done great. I just narrowly dodged a huge scam with dice ninja... almost put a massive amount of coin onto the site but didn't about 48 hours before it scammed, and I was only doing that bc of d00gs recommendation.

Thought it was my warning?

I threw the flag early twice on that

Dean's a fgt.  Just a matter of time till he gets hacked and anyone who losses coins there had it coming to them IMO.

[addy nagar]

Why dont people understand that martangels technique also has defects

[theskillzdatklls]

Why dont people understand that martangels technique also has defects

thats the thing, it may have defects but the cool thing is that it works until it doesnt.

[Bitcoin Betting Guide]

The bitcoin dice investment industry: 37% scam rate & -24% ROI in 5 months"

The thread title and the stats posted are misleading and not representative of dice investment in general.

Some of the scam sites (on this list or not) were obvious or suspicious from the start and I and others tried to warn people of them.

But unfortunately people, including yourself, got scammed. It hurts the whole Bitcoin community, not just the gambling section of the forum and also makes it harder for all the legit Bitcoin operators.

The (total) ROI you posted isn't an accurate reflection of investing in the, very few, honest dice sites either.

Some of the investors at https://pocketrocketscasino.eu/ have over 100% ROI in the past 6 months and on average it is positive for all investors with a much better ROI than investing elsewhere. Even your own stats show 40% ROI which is a very good return.

Maybe you should keep the scam sites listed but show 2 figures for your ROI. One for your ROI from all the sites still in operation and one for the total like you have now?

The title and stats are not misleading, they are real life actual true figures, that is the point. You are right about some of the sites being suspicious, no actually all of the sites including yours are suspicious, but there is a continuum of less suspicious, such as Pocket Rockets Casino to more suspicious, such as Coinwin and I reflect that with a trust rating on the reviews page, anyway in general means overall not just one end of the spectrum so my figures are representative in general. The total RIO is not supposed to be a reflection of investing only in sites which retrospectively have turned out to be honest so far (all sites are honest until their not). Anyone can see the RIO of the honest (up to now) sites listed individually.

[Bitcoin Betting Guide]

Sorry it has been 3 weeks since I updated the thread. In that time

Another solid bump at Peerbet from ฿1.226 to ฿1.286

More than ฿1000 per week bet at Pocket Rockets Casino, no change in profit.

Bitdice was showing 504 Gateway Time-out when I tried to check and Win88 is showing an investment balance of ฿0. What true captains of industry we have here.

BTW I had a go at the new dice product on Betcoin and I really like it. Unfortunately (or fortunately ? haha) there is no investment and no auto bet bot but for normal betting I like the simple layout and easy to use betting interface with big buttons and clear functionality. House edge is 1% and the biggest bet so far was ฿16.

Happy rolling here is the table

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

[dooglus]

there is a continuum of less suspicious, such as Pocket Rockets Casino to more suspicious, such as Coinwin and I reflect that with a trust rating

There surely is a continuum, but I've no idea how you're meant to figure out where any particular site lies on it. I've put my trust in two different dice sites and been shown to be wrong in both cases. They both looked very professional and well thought out to me, but turned out to be scams. Things are further complicated by the fact that as well as the honest <---> scammer continuum you also have the competent <---> incompetent continuum operating orthogonally to it. I think I made the mistake of thinking honesty was correlated with competence, and so ended up trusting the wrong sites.

tldr: bad guys can be smart

[PocketRocketsCasino]

there is a continuum of less suspicious, such as Pocket Rockets Casino to more suspicious, such as Coinwin and I reflect that with a trust rating

There surely is a continuum, but I've no idea how you're meant to figure out where any particular site lies on it. I've put my trust in two different dice sites and been shown to be wrong in both cases. They both looked very professional and well thought out to me, but turned out to be scams. Things are further complicated by the fact that as well as the honest <---> scammer continuum you also have the competent <---> incompetent continuum operating orthogonally to it. I think I made the mistake of thinking honesty was correlated with competence, and so ended up trusting the wrong sites.

tldr: bad guys can be smart

I see what you did there. But I'll just let you know that I started Pocket Rockets Casino before your site opened, continued to operate while you were closed and still will continue to operate into the far future. In almost 2 years I have never lost a single satoshi of a player or investors money due to incompetence. But nice to see you still always trying to put the site down.

[PocketRocketsCasino]

More than ฿1000 per week bet at Pocket Rockets Casino, no change in profit.

There's been over 450 Bitcoin profit since the start of this year which isn't bad at all.
1000 wagered a week should expect 10 Bitcoin profit a week. So yeah it's been a little slower the past few weeks but still a lot in the past 2 months.

all of the sites including yours are suspicious

What is suspicious about it? PRC has been around longer than almost all Bitcoin gambling sites without any investor losing money.

What is it people are waiting on me doing? How long does it take to be seen as trustworthy?

I even added the leverage system so I don't need to hold on to as much Bitcoin and give even less risk to investors.

The max bet at Pocket Rockets Casino is larger than all Bitcoin dice sites. I don't need more investment so there's no magic number I'm waiting on before running. I'd still prefer it to go down a bit, more people could use the leverage system for example.

I'm adding multi sig wallets for investor funds too (as soon as I can get a hold of most of the top investors).

I'm sorry you have had issues with some scam sites but none of that is a reflection or comparable to Pocket Rockets Casino, which has clearly proven to be the most trusted Bitcoin investment site.

[dooglus]

I see what you did there.

Yes, but nobody else did. I thought we had agreed that I wasn't going to point out problems with your site any more and you would stop trying to defend it. Wasn't that our truce?

But I'll just let you know that I started Pocket Rockets Casino before your site opened, continued to operate while you were closed and still will continue to operate into the far future. In almost 2 years I have never lost a single satoshi of a player or investors money due to incompetence. But nice to see you still always trying to put the site down.

Well, you used to run a poker site, then when it didn't gain much traction you switched to running a dice site. I guess you can call it the same site even though the domain, game selection and even the design are completely different now. I'll stick to my side of the truce and not bring up old examples of losses suffered by investors due to incompetence.

[finnile]

More than ฿1000 per week bet at Pocket Rockets Casino, no change in profit.

There's been over 450 Bitcoin profit since the start of this year which isn't bad at all.
1000 wagered a week should expect 10 Bitcoin profit a week. So yeah it's been a little slower the past few weeks but still a lot in the past 2 months.

all of the sites including yours are suspicious

What is suspicious about it? PRC has been around longer than almost all Bitcoin gambling sites without any investor losing money.

What is it people are waiting on me doing? How long does it take to be seen as trustworthy?

I even added the leverage system so I don't need to hold on to as much Bitcoin and give even less risk to investors.

The max bet at Pocket Rockets Casino is larger than all Bitcoin dice sites. I don't need more investment so there's no magic number I'm waiting on before running. I'd still prefer it to go down a bit, more people could use the leverage system for example.

I'm adding multi sig wallets for investor funds too (as soon as I can get a hold of most of the top investors).

I'm sorry you have had issues with some scam sites but none of that is a reflection or comparable to Pocket Rockets Casino, which has clearly proven to be the most trusted Bitcoin investment site.

If that was true, you wouldn't be having a negative trust here. Also your site is not here since 2013 , you only gained traction in 2014, when you gave away that 50 mbtc deposit bonus.
So obviously, no , just because you started in 2013 , you don''t become trusted, as the investment part came in 2014.

IF a company starts in a year, and after 10 years of failure, changes its product line, and starts taking in investments, you cannot claim that it can be trusted with funds, because it was launched 10 years back.
I might as well start a dice clone script now, and 5 years later change it to an investment casino or start an exchange and claim I can be trusted because I launched 5 years back

[dooglus]

[stuff]

Huh, I was just talking about you in response to a different Dean post.

Wasn't it you who first discovered DB's nonce-skipping?