Post
Topic
Board Securities
Re: 🌟Bitvest🌟 ▌Invest In A Gambling Site
by
FUNDB
on 29/05/2016, 16:41:55 UTC
I would advise not investing in Bitvest.io. They do not portray how much of a cut they take from investors anywhere on their site, in fact you need to locate their bitcointalk thread to find that.


House edge: 1.8%
Their cut: 0.65% of every bet wagered
True HE for investors: 1.15%

Now for margin. They allow margin investing, sounds like it would be a benefit for investors... Well it isn't. Because just about every investor utilizes it (meaning your % share of the bankroll does NOT increase, thus your profits do not grow bigger). What this does is open you up to dangerous variance. Such as the bet on April 26 on Bitvest that wiped out over 15 BTC of the real invested amount (or 15% of the total bankroll). Another site that operated this was was SafeDice... Which got hammered and lost over 90% of the user's bankroll from a single dice shot.


This site also has low volume. 2800 total wagered is nothing, especially for a site that has been open this long. Less volume = less profit for investors.