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.

Moneypot had a real good profit in the past, if you was there some months before then you would have doubled your investment, also know that things like that can be easily checked.
At http://eeeth.com/mpstats/ when you tap the waggered button you can see that it's a straight Line which makes your statement untrue i think

Well it went 3 months and had little to no variance with the Bitcoin Gambling Investment Experiment and was slightly negative. So the fact is that is was a poor investment over that period.

That's too bad.. yeah I am planning to do an investment also in gambling through bankrolls. Hopefully I can get some profit out of my btc. I also heard lots of people who invest in bankrolls and did not went well for them either.

investment in gambling is ok there is no doubt about this, but the you should always try to invest a little amount of bitcoin in gambling as gambling is one of the most risky investment, therefore need to be more careful while investing in gambling.