The developer and admin known as Zodiac proactively created a survey for all bankroll investors and responded to the survey leaving the following comment on our last post:. Login Newsletters. Casino gambling, whether based on conventional currency transactions or anonymous digital currency transactions, has always been a debated topic on ethical grounds. What are bitcoin casinos? So this is where a bankroll comes into play. This indicates how the anonymous world is keen on gambling. All the above operational methods prove a challenge for authorities, as a new parallel economy is taking shape.
Bitcoin Gambling Investments 6/12 Summary
There is a wealth of sites out there offering lists of the best bitcoin gambling sites. But when it comes to true expertise, there is nothing like the Bitcoin Chaser bitcoin gambling investment. Our staff have put this page together just for you, based on multiple player feedback mechanisms, and taking into account that gaming tastes are very diverse. We have built a comprehensive list of the best bitcoin gambling sites, from all our casino reviews and all the feedback we investent gotten from our readers, according to every bitcoin gaming category we can think of. We used the categories you see blow to organize our list so you can go straight for the experience you are looking. We have also included a few new categories that such as live dealer casinos and gambling sites that accept deposits in multiple cryptocurrencies besides bitcoin.
Bitcoin Gambling Investments 5/12 Summary
Username or Email Address. Remember Me. So before I delve into understanding Bitcoin gambling investing further, let me state the obvious first:. So this is where a bankroll comes into play. As a casino you need to ensure you have enough money to pay out the winners.
Username or Email Address. Remember Me. So before I delve into understanding Bitcoin gambling investing further, let me state the obvious first:. So this is where a bankroll comes into play. As a casino you need to ensure you have enough money to pay out the winners. In Bitcoin gambling sites the general rule of thumb is that you need to set the maximum amount someone bitcoin gambling investment win to 0. Most Bitcoin developers that have the skill set to build a casino do not have access to a bankroll of that size.
So the casino owners need to get a sufficient bankroll which usually requires them to attract investors and creating a crowd funded bankroll. To get investors for a crowd funded bankroll, casinos need to make it an attractive place to invest. In this case they need to share a high percentage of the sites profits with investors.
Always read the fine print for these details as a straight profit share is very different to when a casino takes their cut off of every bet wagered. If the bankroll is managed correctly meaning the maximum win is a very small percentage of the total bankrollthen statistics will do the rest and you should very rarely suffer any long term losses due to to a player winning.
The investor returns over time in their bankroll has been very smooth. I have interviewed one of the founders of Crypto-Games here if you are interested in learning more about. This means that returns can be chaotic and you may lose in the short to medium term. This is where a site lets you leverage your investment so you get more exposure to the bankroll.
That being said not all leveraged investments are bad. I currently have over 5 Bitcoins invested in YoloDice that is leveraged at 10x although the site sets the maximum win from a bet at 2. So at other sites where I am only getting around 0.
I have had 5 Bitcoins in total invested in different sites for the last 8 months. You can find all my month recording and notes at Bitcoin Gambling Investments or just look at the weekly chart of returns in the plot below as a percentage:.
I will be posting my Investment returns every month on the profit tab as. Diversification is a arguably a safer way to invest in Bitcoin gambling sites, as it can reduce your risk of a catastrophic event. However, there is not that many reliable sites that you can actually invest in, so diversification is limited.
Qualitative factors are worth taking into consideration as well that can include:. Finally, most of the sites I have invested in I have interviewed on the Bitcoin Businesses page. So check them out as well if you are considering investing in any Bitcoin gambling site and if you have any questions we can ask them directly. So before I delve into understanding Bitcoin gambling investing further, let me state the obvious first: No one will ever make money gambling on a Bitcoin casino or Bitcoin dice site in the long run.
I do not gamble on any Bitcoin casino or Bitcoin dice site with my Bitcoins. Bitcoin casinos are not that different from a casino in Vegas, in that, the house always wins. I am investing in Bitcoin gambling sites as the house and I call that Bitcoin gambling investing. What Is Bitcoin Gambling Investing? What happens if a player has a string of wins? What is a poorly managed bankroll? What sort of returns can I actually get? This completely depends on a number of factors which can include: Does the casino attract a lot of betting volume?
The more the better. Does the casino share a lot of its profit with investors? Does the casino share profits and loses with investors or does it just take a flat cut on every bet? A share of profit and losses is much better for investors. What are the expected returns the betting amount x the house edge x the profit share with investors relative to the size of the bankroll. The higher the expected returns relative to the bankroll size the better. It does sound too good to be true and it is for the following HUGE risk factors: Generally no one knows who runs these sites, and they can and have run away with investors money in the past.
The site could get hacked and your Bitcoins could be stolen. The site may not get enough traffic and betting volume so your returns are low. The site could be highly leveraged or have a long bad streak and you lose money. The site gets shut down for legal reasons and all the Bitcoins are taken. Final Thoughts Diversification is a arguably a safer way to invest in Bitcoin gambling sites, as it can reduce your risk of a catastrophic event.
Qualitative factors are worth taking into consideration as well that can include: Negative or positive feedback on any forums or review sites. How long has the site been in business? The longer the better. Are the site owners making money? My opinion is if the site has a huge bankroll but their profits are small, there will be a temptation for them to steal the bankroll.
Previous Post. Next Post. This site uses cookies. Find out more information or change your privacy preferences here: Find out more Okay, thanks.
How we organised the Best Bitcoin Gambling Site
How long has the site been in business? The longer bitcoin gambling investment better. What gmabling if a player has a bitcoin gambling investment of wins? Related Articles. The software conducts and runs the game, with minimal human intervention. Additionally, if the player’s anonymity is maintained because he or she pays anonymously through digital currency, the fair business practices become further questionable. Compare Investment Accounts. You can find all my month recording and notes at Bitcoin Gambling Investments or just look at the weekly chart of returns in the plot below as a percentage:.
Comments
Post a Comment