Casinos with option to invest? | Bitcointalksearch.org

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:^)

Quote from: shanem on August 09, 2015, 09:36:31 PM

I rarely find casinos that allow you to invest.
Investing in any casino or dice site is risky as the owner can run away anything with all the investor's fund.

you could try investing into moneypot's bankroll, it provides the bankroll ofr a number for gambling sites including plinkopot and betterbets, and makes investing incredibly simple with constant updates and transparent statistics.

eternalgloom

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Quote from: ajareselde on August 10, 2015, 04:01:17 PM

Quote from: eternalgloom on August 10, 2015, 03:41:24 PM

Quote from: grendel25 on August 09, 2015, 09:14:41 PM

Quote from: eternalgloom on August 08, 2015, 05:49:58 AM

I'd like to find some more casino's that have the option to invest besides gambling.
Does anyone have experience with this and how much would you generally make on an investment like that?

tothemoon.me is a new one to check out. More info is here: https://bitcointalk.org/index.php?topic=1105519.0;all

It seems a little more complicated than some other investment processes but the returns seem pretty good and that thread I provided also documents how the profits are distributed as well as how dividends are given out and also documents actual dividend payouts.

This seems pretty interesting indeed, it's definitely a plus that it's run by a trusted member of this forum.
The 1 BTC minimum investment would be quite detrimental to my bankroll though :-/

So how much are you willing to invest then? There's no real money to be made of if your budget is that small.
You may want to change your investing strategy into lending, which is way more safe and can be quite profitable, if you can evaluate people good.

cheers

In total I'd be looking to invest around 2 - 3 BTC, but not all in one casino though.
Plus, I'd like to do some testing first will smaller amounts

sherbyspark

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Quote from: RHavar on August 09, 2015, 05:17:32 PM

Exactly, and why you should diversify outside of it =) Like for instance, in the gambling space there are some independent casinos taking bankroll investments you can take a look at: Just-Dice, BitDice.me and SafeDice. In pure bitcoin, bitfinex offers some pretty cool swap deals. (None of these I am associated with, or have inside information). In fact, bitcoin itself is a hugely speculative investment so don't feel bad about just leaving it sit in cold storage somewhere. And there's a huge amount of opportunities in the fiat world to. But the real litmus test for any investment should be if you think it'll be +EV, and if you are ok with losing the entire thing.

Well thats definitely true , but I feel despite all these limitations, there are things that site operators can do to safeguard the funds of the investors. Multisign which I believe is offered by moneypot(according to a post above) is one of them . I have never seen any of the sites take that extra step to do something that would assure the safety of the funds.

ajareselde

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Satoshi is rolling in his grave. #bitcoin

Quote from: eternalgloom on August 10, 2015, 03:41:24 PM

Quote from: grendel25 on August 09, 2015, 09:14:41 PM

Quote from: eternalgloom on August 08, 2015, 05:49:58 AM

I'd like to find some more casino's that have the option to invest besides gambling.
Does anyone have experience with this and how much would you generally make on an investment like that?

tothemoon.me is a new one to check out. More info is here: https://bitcointalk.org/index.php?topic=1105519.0;all

It seems a little more complicated than some other investment processes but the returns seem pretty good and that thread I provided also documents how the profits are distributed as well as how dividends are given out and also documents actual dividend payouts.

This seems pretty interesting indeed, it's definitely a plus that it's run by a trusted member of this forum.
The 1 BTC minimum investment would be quite detrimental to my bankroll though :-/

So how much are you willing to invest then? There's no real money to be made of if your budget is that small.
You may want to change your investing strategy into lending, which is way more safe and can be quite profitable, if you can evaluate people good.

cheers

eternalgloom

legendary

Activity: 1792

Merit: 1283

Quote from: grendel25 on August 09, 2015, 09:14:41 PM

Quote from: eternalgloom on August 08, 2015, 05:49:58 AM

I'd like to find some more casino's that have the option to invest besides gambling.
Does anyone have experience with this and how much would you generally make on an investment like that?

tothemoon.me is a new one to check out. More info is here: https://bitcointalk.org/index.php?topic=1105519.0;all

It seems a little more complicated than some other investment processes but the returns seem pretty good and that thread I provided also documents how the profits are distributed as well as how dividends are given out and also documents actual dividend payouts.

This seems pretty interesting indeed, it's definitely a plus that it's run by a trusted member of this forum.
The 1 BTC minimum investment would be quite detrimental to my bankroll though :-/

unusualfacts30

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Activity: 1540

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Quote from: eternalgloom on August 08, 2015, 05:49:58 AM

I'd like to find some more casino's that have the option to invest besides gambling.
Does anyone have experience with this and how much would you generally make on an investment like that?

invested in reddking. site was shutdown and investment was gone

never going to invest in casino again unless casino is created by me

shanem

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I rarely find casinos that allow you to invest.
Investing in any casino or dice site is risky as the owner can run away anything with all the investor's fund.

grendel25

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Activity: 2296

Merit: 1031

Quote from: eternalgloom on August 08, 2015, 05:49:58 AM

I'd like to find some more casino's that have the option to invest besides gambling.
Does anyone have experience with this and how much would you generally make on an investment like that?

tothemoon.me is a new one to check out. More info is here: https://bitcointalk.org/index.php?topic=1105519.0;all

It seems a little more complicated than some other investment processes but the returns seem pretty good and that thread I provided also documents how the profits are distributed as well as how dividends are given out and also documents actual dividend payouts.

MinerHQ

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Activity: 1456

Merit: 1023

Quote from: darkangel11 on August 09, 2015, 06:03:23 PM

Quote from: Monopoly on August 09, 2015, 04:09:28 PM

Never invest in dice sites ....... Since the owner of dice sites can know seeds ( client and server seeds ) investing in dice sites are very very risky . he or she can create a account and win so money and then say he wasn't him .

If a site is well known, why not invest? He'd have to destroy his own prospering business to do it. Why kill a goose laying golden eggs?

If they are successful in creating one dice site like this then they can close this site with all the profit and open another new site with little bit of investment - this will give them more profits right?

zz11

sr. member

Activity: 299

Merit: 250

Quote from: darkangel11 on August 09, 2015, 06:03:23 PM

Quote from: Monopoly on August 09, 2015, 04:09:28 PM

Never invest in dice sites ....... Since the owner of dice sites can know seeds ( client and server seeds ) investing in dice sites are very very risky . he or she can create a account and win so money and then say he wasn't him .

If a site is well known, why not invest? He'd have to destroy his own prospering business to do it. Why kill a goose laying golden eggs?

Actually its pretty much a good idea if they will run with tons of cash. Think about it too much casino sites there is no much volume going on plus with the head ache of running and managing site could be a gruesome task.

But i only hope this sites are here to stay and won't ran away with their investors money.

darkangel11

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Don't let others control your BTC -> self custody

Quote from: Monopoly on August 09, 2015, 04:09:28 PM

Never invest in dice sites ....... Since the owner of dice sites can know seeds ( client and server seeds ) investing in dice sites are very very risky . he or she can create a account and win so money and then say he wasn't him .

If a site is well known, why not invest? He'd have to destroy his own prospering business to do it. Why kill a goose laying golden eggs?

RHavar

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Activity: 1463

Merit: 1886

Quote from: sherbyspark on August 09, 2015, 02:30:16 PM

Sorry seems I misunderstood this. Rhavar did you mean investing on moneypot is equivalent to going to each site and investing separately, in terms of

When you're invested in MoneyPot, you're just investing in MoneyPot. As in, you need to trust MoneyPot, but don't need to trust the individual MoneyPot casinos. In many ways, casinos are to MoneyPot as what players are to most most casinos =)

Quote

If you did, then wouldn't all those things also apply to moneypot ? as it is at the end of the day also an individual anonymous company/person

Exactly, and why you should diversify outside of it =) Like for instance, in the gambling space there are some independent casinos taking bankroll investments you can take a look at: Just-Dice, BitDice.me and SafeDice. In pure bitcoin, bitfinex offers some pretty cool swap deals. (None of these I am associated with, or have inside information). In fact, bitcoin itself is a hugely speculative investment so don't feel bad about just leaving it sit in cold storage somewhere. And there's a huge amount of opportunities in the fiat world to. But the real litmus test for any investment should be if you think it'll be +EV, and if you are ok with losing the entire thing.

GrandmaJean

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moneypot is one of the best places to invest as the owner is a reputable member and also one more option is just-dice its owner has also never scammed anyone from the day he started business

Aleator

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Moneypot has investment for many casinos. It is nice to invest in many websites rather then just one.

Monopoly

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Never invest in dice sites ....... Since the owner of dice sites can know seeds ( client and server seeds ) investing in dice sites are very very risky . he or she can create a account and win so money and then say he wasn't him .

eternalgloom

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Activity: 1792

Merit: 1283

Quote from: arallmuus on August 09, 2015, 02:43:33 PM

Now where would you find this kind of statement that would scare away a potential investor except in Moneypot? Cheesy

Also that it seems Ryan has put a countermeasure with multisig or some sort just incase someone put a bullet in his head therefore if he is by some way decease then the coins will still be safe ( I got no further information regarding who holds the key or whatever method he use, ask him for more explicit details )

Oh that's great if he's using multisig, should be standard across the industry in my opinion.
Definitely gotta invest at least something into Moneypot.

arallmuus

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Quote from: sherbyspark on August 09, 2015, 02:30:16 PM

If you did, then wouldn't all those things also apply to moneypot ? as it is at the end of the day also an individual anonymous company/person

He mean that and if you check on moneypot's FAQ you will know how honest he is. He stated honestly that investing in moneypot is extremely risky. Incase you are not aware of it here is what stated in the FAQ

References : https://www.moneypot.com/faq#how-risky-is-this-

Quote

Extremely. You are risking your entire investment amount, and you should never invest more than you would be ok with losing. Furthermore, your risks are compounded by counter-party risks. You have no way of knowing we won't steal all your money (even though we promise not to), or that there isn't an abusable weakness that would allow an attacker to unnoticed drain the bankroll. There are a lot of nighmare possibilities, invest accordingly

Now where would you find this kind of statement that would scare away a potential investor except in Moneypot? Cheesy

Also that it seems Ryan has put a countermeasure with multisig or some sort just incase someone put a bullet in his head therefore if he is by some way decease then the coins will still be safe ( I got no further information regarding who holds the key or whatever method he use, ask him for more explicit details )

eternalgloom

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Activity: 1792

Merit: 1283

Quote from: sherbyspark on August 09, 2015, 02:30:16 PM

Quote

malicious operator, operator error, operator getting hit by a bus, bitcoin crashing

If you did, then wouldn't all those things also apply to moneypot ? as it is at the end of the day also an individual anonymous company/person

I don't think he said that those things didn't apply to Moneypot, he was just saying that those are the risks of investing in *any* casino, also the ones that look like they're safe investments.
Might have misunderstood..

sherbyspark

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Activity: 910

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Quote from: eternalgloom on August 09, 2015, 02:19:22 PM

Quote from: RHavar on August 09, 2015, 12:33:15 PM

Quote from: eternalgloom on August 09, 2015, 12:08:16 PM

I was also wondering if it would be safer to invest in a moneypot casino than it is to invest in a casino that's independent?

Just to make it clear, you can't invest in a particular moneypot casino but rather invest in the global moneypot bankroll, which all players at moneypot are betting against. Keep in mind it's quite a high risk investment, much more so than doing a <= 1x kelly at any other place.

That said, I think a huge mistake people make is trying to find, and invest in only the "best" place. There's so many things that can go wrong (lucky whale,tcmalicious operator, operator error, operator getting hit by a bus, bitcoin crashing e.) that to put more than say 1% of your net worth into such a scheme would be reckless. What I think is a good idea is to find multiple independent schemes, which you believe are +EV and allocate your funds accordingly. It's a lot more work, but you can transition from gambling-investor to investor =)

Yeah, definitely agree with not putting all your eggs in one basket. Plus, I would assume that practically all investments into Bitcoin casino's are pretty high risk.
And didn't know that investing in Moneypot worked like that, gotta read up a bit.

Sorry seems I misunderstood this. Rhavar did you mean investing on moneypot is equivalent to going to each site and investing separately, in terms of

Quote

malicious operator, operator error, operator getting hit by a bus, bitcoin crashing

If you did, then wouldn't all those things also apply to moneypot ? as it is at the end of the day also an individual anonymous company/person

eternalgloom

legendary

Activity: 1792

Merit: 1283

Quote from: RHavar on August 09, 2015, 12:33:15 PM

Quote from: eternalgloom on August 09, 2015, 12:08:16 PM

I was also wondering if it would be safer to invest in a moneypot casino than it is to invest in a casino that's independent?

Just to make it clear, you can't invest in a particular moneypot casino but rather invest in the global moneypot bankroll, which all players at moneypot are betting against. Keep in mind it's quite a high risk investment, much more so than doing a <= 1x kelly at any other place.

That said, I think a huge mistake people make is trying to find, and invest in only the "best" place. There's so many things that can go wrong (lucky whale, malicious operator, operator error, operator getting hit by a bus, bitcoin crashing etc.) that to put more than say 1% of your net worth into such a scheme would be reckless. What I think is a good idea is to find multiple independent schemes, which you believe are +EV and allocate your funds accordingly. It's a lot more work, but you can transition from gambling-investor to investor =)

Yeah, definitely agree with not putting all your eggs in one basket. Plus, I would assume that practically all investments into Bitcoin casino's are pretty high risk.
And didn't know that investing in Moneypot worked like that, gotta read up a bit.

Topic: Casinos with option to invest? (Read 1804 times)