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.
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
I am unable to predict when the casino will make money and when it is not. However, i am still using data and making some pattern recognition out of it. I invested in both moneypot and betking and i have keep track very closely for both of them even more than what you have seen here. You only see the result of betking but if you really keep track of these 3 months week by week, you will understand more. Do you know that even though betking you see is overall having good profit, there are 1 month in these 3 month it is losing money? This is what Variance is but like what most of us say, it will still tend towards the house edge. This happen to be the same person who have been taking profit from the betking for days until he lose a lot eventually and this explain why there is a good boost in the 2nd month. Similarly, when the thread starter start his first investment, betking make a huge profit(about 1000btc) within one week, and hua_hui already start telling people that is not an accurate projection. This is because it is exactly betking has been losing the pervious 1.5 months in almost every single day to these whales who is using martingale that is taking profit but in the long run, the house edge will creep in and this cause these exact same whale to lose heavily.
As i have keep track of my betking investment week by week for almost 6 months, i would have to say that i am quite happy that i did the research. And the reason why i also dont like to share is because I am sure people will disagree and argue no matter what, so I just keep the information to myself and save the trouble to talk to this. This is the big difference of people doing proper research and people who dont.