Re: Bitcoin Gambling Investments

These results re just pure luck, there s no way anyone ll see 1000 BTC lost by one single person again as it happened on Betking a few months ago. So these graphs represent PURE LUCK and nothing more.

CryptoGames seems to be showing pretty consistent results without abrupt declines. I think this is what we should expect on average from house edge coupled with proper management of the bankroll. I'm more interested why the two outsiders in the review are not giving any profits. I mean Satoshi Dice and MoneyPot.

Quote from: pooya87 on November 27, 2016, 05:58:45 AM

gambling is always pure luck so investing in a gambling site (against the gamblers) is also pure luck. that is an obvious enough fact that everybody knows. but that doesn't mean you can not make profit in the long run. the only thing that you should do is to find a good site which is both popular and fair and then invest what you can afford to lose.

Wrong. It is pure luck minus house edge for the gamblers, and plus house edge for the casino and investors in its bankroll

I think Satoshi Dice and Moneypot could not get the betting volume with regards to the size of their bankrolls and thus were flat.

It is not about betting volume. In this case, moneypot has been made a lot of profit and it is a matter of time when the players will make a huge win. That is why moneypot has been losing money recently due to the huge previous win for the first half of the year. The daily wages is actually quite decent.

Think about what you are saying, that would be like predicting the future, with those logics betking Will lose again because they had a good 3 months, that's not how it works, just think about all the variables and the luck.
It's just as unlogical as trying to calculate profit based on house edge. and in a way what your saying is the same as predicting profit. A year is waaay to small to use the law of large numbers