Gambling investment is zero sum | Bitcointalksearch.org

milewilda

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Quote from: boyptc on April 08, 2017, 01:58:39 AM

Quote from: LuanX3 on April 07, 2017, 04:27:26 AM

Quote from: boyptc on April 07, 2017, 02:51:14 AM

Not all the time you will get nothing in gambling investments. Have you read the guy that is posting his profit with 3 casino's upon investing there for months? There will always be a profit for the house but you need to choose the ones that is legit and has a good reputation. Or do you mean by simply gambling the usual way is investment?

It also depends on how much high rollers are in the casinos and how unlucky the gamblers are (though this factor cannot be influenced). If the site has a lot of gamblers that bet big amounts then most likely your investment can earn a lot of money. If not then it would be a steady climb for you in that casino.

Yes you are right and I don't believe that all the time a casino will generate no profit. There will be times that there will be a lucky gambler that wins a lot but there would be a time of recovering for the management that will encounter a rage bettor and will bet almost all his funds till the end that will lead him in losing.

This case does really happen on which there are really times that casinos have negative profits when there are players who are lucky enough to win big amounts and this is the risk when you do invest on casino bankrolls but we should really not be worry because in longer runs house will always be the winner thats why this type of investment is always recommendable.

sasaku bitbit

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Quote from: just_Alice on January 05, 2017, 08:31:11 AM

Quote from: metalbean on January 04, 2017, 05:31:19 PM

Gambling investment is zero or negative sum, considering the house has to profit.

So why are you guys do bitcoin gambling as an investment instruments? OR merely just for the fun, like going to a physical casino.

I don't see gambling as an investment instruments. Reading though this forum I understood that it's a very dangerous way to regard gambling as that. I think people should take it easy and should never expect big profits from gambling. I'm trying to think of gambling as of fun time spending only.

I think gambling is just the place for the man happy, if anyone think gambling is a profitable investment that's not possible because they have to take the risk of large losses or loss we can profit while. investment will probably be zero could not be expect so I recommend you make gambling man happy, fill in spare time.

Intersan

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Quote from: metalbean on January 04, 2017, 05:31:19 PM

Gambling investment is zero or negative sum, considering the house has to profit.

So why are you guys do bitcoin gambling as an investment instruments? OR merely just for the fun, like going to a physical casino.

Gambling is an illegal way to earn money but many people wants to play to make a profit. This may be said that if we win it is easy to consume and if we success to become rich by use of gambling I think your family will lost and spend more time to others instead to our family. Since it gives more fun they have a bad influence.

boyptc

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Quote from: LuanX3 on April 07, 2017, 04:27:26 AM

Quote from: boyptc on April 07, 2017, 02:51:14 AM

Not all the time you will get nothing in gambling investments. Have you read the guy that is posting his profit with 3 casino's upon investing there for months? There will always be a profit for the house but you need to choose the ones that is legit and has a good reputation. Or do you mean by simply gambling the usual way is investment?

It also depends on how much high rollers are in the casinos and how unlucky the gamblers are (though this factor cannot be influenced). If the site has a lot of gamblers that bet big amounts then most likely your investment can earn a lot of money. If not then it would be a steady climb for you in that casino.

Yes you are right and I don't believe that all the time a casino will generate no profit. There will be times that there will be a lucky gambler that wins a lot but there would be a time of recovering for the management that will encounter a rage bettor and will bet almost all his funds till the end that will lead him in losing.

el kaka22

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I just invested in moneypot as well, 80700 bits, took out an hour later as 80000, quickest way to lose 700 satoshi without doing anything I saw.

If you want to lose money but don’t have to time lose all your money yourself and tired, just invest your coins to moneypot and go sleep, when you wake up gamblers would take it all and you will lose all your “investment”, we are basically giving our Money to gamblers. I am not so sure anymore about “house always wins” on moneypot.

ethereumhunter

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Quote from: eternalgloom on April 07, 2017, 07:01:19 AM

For me it's just fun to gamble and I also try to invest my winnings in the gambling site.
You can't touch your investment for 24 hours, so that keeps me from gambling it again and I make some profit of off it Wink

At least, that's how it works on Crypto-Games

i think that is good that you do gamble for just fun, but the best thing that you do is invest your winning money to reach more profit although the investment is for long term but is good. having investment in gambling is also make us could get profit with the site, but to do gambling in that site, i think its not be a good idea because we can loss our money in every time.

eternalgloom

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For me it's just fun to gamble and I also try to invest my winnings in the gambling site.
You can't touch your investment for 24 hours, so that keeps me from gambling it again and I make some profit of off it Wink

At least, that's how it works on Crypto-Games

Supercrypt

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Quote from: Mike Mayor on April 06, 2017, 02:11:28 PM

Quote from: maku on January 04, 2017, 05:44:23 PM

Usually when we are talking about gambling investment we mean that our money are used to fuel casino's bankroll, therefore you effectively become the House.
It is as you said, House needs gain profit and this way House will share its profit with investors. But again it is an investment. You are not collecting accrued interest here.

Players can at some point become very lucky effectively consuming large share of casino's (and yours) bankroll, so you might lose your invested money.

That's not how you will lose your investment. It's garanteed profit. What is not garanteed is that it will be returned to you. What's to stop the website shutting down ? That is the problem you should be concerned yourself with. We all k ow it will make profit or the casino would not exist.

Well there are many trusted websites you can invest and one of the most known one for example is moneypot.

If you check the moneypot investor profit it has been minus for a LOONG time, it might be profiting in the short term but people who invested back in the day still haven’t made their Money back. Sometimes the websites are not doing that well, hence even house has a risk.

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Quote from: metalbean on January 04, 2017, 05:31:19 PM

Gambling investment is zero or negative sum, considering the house has to profit.

So why are you guys do bitcoin gambling as an investment instruments? OR merely just for the fun, like going to a physical casino.

Gambling investment will always be positive EV.

Because you are investing in the house if you are investing in gambling.

For example, Yolodice and Bitdice are two very popular dice sites right now that accept user investments. Also worthy of a mention are crypto-games, Bitvest.io and Just-Dice(although they don't use bitcoin anymore so that's a bummer).

But if you are the person gambling, sure, it'll always be negative sum.

Can't think of any legitimate casinos that will offer you a neutral EV, because the house edge is how they make profits.

LuanX3

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Quote from: boyptc on April 07, 2017, 02:51:14 AM

Not all the time you will get nothing in gambling investments. Have you read the guy that is posting his profit with 3 casino's upon investing there for months? There will always be a profit for the house but you need to choose the ones that is legit and has a good reputation. Or do you mean by simply gambling the usual way is investment?

It also depends on how much high rollers are in the casinos and how unlucky the gamblers are (though this factor cannot be influenced). If the site has a lot of gamblers that bet big amounts then most likely your investment can earn a lot of money. If not then it would be a steady climb for you in that casino.

boyptc

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Not all the time you will get nothing in gambling investments. Have you read the guy that is posting his profit with 3 casino's upon investing there for months? There will always be a profit for the house but you need to choose the ones that is legit and has a good reputation. Or do you mean by simply gambling the usual way is investment?

Nagadota

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With investing in gambling sites you can profit, which is usually what people are talking about. Also, when you're playing on certain kinds of gambling like sports betting it's possible to win from having more skill than others rather than just from probability.

nikrobi

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Quote from: audaciousbeing on April 06, 2017, 03:18:48 PM

From the way I view it, I think op is mixing gambling investments with playing on a gambling site as both are completely different. Gambling investments is definitely not zero sum because the house always win and you will get return on your investments. On the other hand, if its playing gambling too, accepting it as zero sum also comes with reservation as people sometimes makes more than what they put in and they bolt.

There are differences between them, but the profit is possible both ways. Gambling or investing you can make profit, that is simple because most gamblers lose money, + profit for investors and few gamblers make profit, + profit for gamblers, on the middle there is the dice site which is making profit too together with investors. It's a game where everyone can be happy.

audaciousbeing

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From the way I view it, I think op is mixing gambling investments with playing on a gambling site as both are completely different. Gambling investments is definitely not zero sum because the house always win and you will get return on your investments. On the other hand, if its playing gambling too, accepting it as zero sum also comes with reservation as people sometimes makes more than what they put in and they bolt.

Mike Mayor

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Quote from: maku on January 04, 2017, 05:44:23 PM

Usually when we are talking about gambling investment we mean that our money are used to fuel casino's bankroll, therefore you effectively become the House.
It is as you said, House needs gain profit and this way House will share its profit with investors. But again it is an investment. You are not collecting accrued interest here.

Players can at some point become very lucky effectively consuming large share of casino's (and yours) bankroll, so you might lose your invested money.

That's not how you will lose your investment. It's garanteed profit. What is not garanteed is that it will be returned to you. What's to stop the website shutting down ? That is the problem you should be concerned yourself with. We all k ow it will make profit or the casino would not exist.

Capradina

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Quote from: maydna on April 01, 2017, 01:04:00 AM

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Quote from: maydna on March 31, 2017, 04:19:19 AM

Quote from: BlockEye on March 30, 2017, 05:40:22 AM

Casino investment is the most trusted investment site here on cryptoworld. It is tested because i invest on casino for over a year and i constantly received profit even though it is just a small percentage, I'm contented as long as my money was safe unlike to invest it on casino or to gamble it. I prefer to team up to the winning side.

i am agree with this but we need to selected the trusted investment site because if we are choose with random then the chance for us to make profit is none and we should not get anything in that investment. there are so many good sites in gambling and without know what is the best site, then we only make deposit without knowing when we can get our ROI. its fine to make small profit as long as that profit is stable for a long term so we can still make profit.

Moneypot is a trusted site but their investors profit is still at negative. In selecting a bitcoin casino to invest you always need to check their stats and how they handle the investor's money. There's also a lot of factor that affects an investment because not everyone invest at the same time so don't expect the profits would be the same with a previous investor.

i agree with this and i think its still worth if we can found good site in moneypot list so we can trying to invest with them although the profit is not big amount. but if we have big money to invest, then i think we can go with the big sites like we can found in here and we can start to invest with them. beside that, for making investment, we need to wait for longer time before we can get our funds back because there is no investment that will give big profit in short time at least we need to wait more than 3 month to see our money is back.

Yup, indeed the moneypot has the advantage that is good enough for all of us. Because the moneypot has plenty of options for investment we could use, but it does note that investment is not an easy job. Because investment requires a good precision, if we just follow the appetite without seeing the results of the analysis are there then everything will end in loss

chris200x9

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Quote from: Red-Apple on April 04, 2017, 07:14:05 AM

Quote from: Oilacris on April 04, 2017, 05:04:52 AM

Quote from: Yuhee on April 04, 2017, 02:48:04 AM

Quote from: Qartada on April 04, 2017, 12:58:36 AM

Actually, I assume the OP is just talking about putting money into gambling sites rather than investing in them. In this case, people generally just do it because they find gambling enjoyable (possibly due to the thrill of the possibility of earning more money even if it is unlikely and they know it).

I would agree, according to some science, there is also an adrenaline pump when you are very much into the odds of where you are betting. It also contains addictive drugs that the body execretes like some nicotine or caffeine. In internet gambling it's not really that thrilling cause sometimes u made no investment to it except your time.

Theres no investment shall we say but wasting your precious time is really a big No for me.Its really normal for our body to react on that situation and thats right it secretes chemicals which are similar to those things you mentioned which would really make us addicted.Investing on gambling is more wiser than putting up money completely on gambling sites.

there are two very different things here though.
investing in gambling and investing in a gambling site.

the first one is obviously stupid, you should never invest in gambling. instead just play gambling games and have fun and try to enjoy the rush of betting and not knowing.

but investing in a casino bankroll or a gambling site is a real investment into a real business. and a good business at that. many of the casinos are currently very good and performing well enough to be profitable. But not all of them accept investment, though. but some of the bigger ones are returning a pretty nice profit each week.

Yes investing in gambling is just waste of money, here we will get only entertainment and sometimes we will make a profit. But investing in casino sites is worth, we can make money with this method. But to make money in investment, we need big bankroll, and it will improve slowly. But gambling is instant money. But profit is not sure either you may win or not depends on your luck.

Red-Apple

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Quote from: Oilacris on April 04, 2017, 05:04:52 AM

Quote from: Yuhee on April 04, 2017, 02:48:04 AM

Quote from: Qartada on April 04, 2017, 12:58:36 AM

Actually, I assume the OP is just talking about putting money into gambling sites rather than investing in them. In this case, people generally just do it because they find gambling enjoyable (possibly due to the thrill of the possibility of earning more money even if it is unlikely and they know it).

I would agree, according to some science, there is also an adrenaline pump when you are very much into the odds of where you are betting. It also contains addictive drugs that the body execretes like some nicotine or caffeine. In internet gambling it's not really that thrilling cause sometimes u made no investment to it except your time.

Theres no investment shall we say but wasting your precious time is really a big No for me.Its really normal for our body to react on that situation and thats right it secretes chemicals which are similar to those things you mentioned which would really make us addicted.Investing on gambling is more wiser than putting up money completely on gambling sites.

there are two very different things here though.
investing in gambling and investing in a gambling site.

the first one is obviously stupid, you should never invest in gambling. instead just play gambling games and have fun and try to enjoy the rush of betting and not knowing.

but investing in a casino bankroll or a gambling site is a real investment into a real business. and a good business at that. many of the casinos are currently very good and performing well enough to be profitable. but not all of them accept investment though. but some of the bigger ones are returning a pretty nice profit each week.

selline

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Quote from: Golftech on January 07, 2017, 06:49:34 AM

Quote from: Meycell on January 05, 2017, 11:24:27 PM

Quote from: metalbean on January 04, 2017, 05:31:19 PM

Gambling investment is zero or negative sum, considering the house has to profit.

So why are you guys do bitcoin gambling as an investment instruments? OR merely just for the fun, like going to a physical casino.

yes for fun , i am not use it as invesment ..

well you are lucky if you just playing just for fun as we knew that gamblers played for money and sometimes they intend to use big capital to role in order for them to earn good profits might be the reason why OP saying its a investment, having an attitude like this with self control will free you up from becoming gambling addict.

most people presume that gambling is a way to fold the duplicate money, by conducting bets big money that will benefit them. but for the cloud/beginner gambling is a fun game place means for them. they certainly will be more craze in gambling until unlimited time, how to avoid it by way of doing positive things, never open there all gambling ...

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Quote from: Caladonian on April 03, 2017, 10:37:20 AM

Quote from: bajing on April 03, 2017, 10:23:23 AM

Quote from: Ziskinberg on March 28, 2017, 11:49:53 PM

Quote from: metalbean on January 04, 2017, 05:31:19 PM

Gambling investment is zero or negative sum, considering the house has to profit.

So why are you guys do bitcoin gambling as an investment instruments? OR merely just for the fun, like going to a physical casino.

It's not called gambling investment when you are not getting a profit from gambling, it is only for fun or maybe you consider a gambling house as charity since you love donating your money. The only way I can call gambling as investment is by putting my money in an online casino's bankroll and I know they win all the time so I'm also profitable and investment makes sense then.

But both options have nearly the same risk, however it is still safer if you choose to invest in the site you gamble gambling than that in an instant can give you a loss.

well that's right placing your money into the bankroll will give you chances to win since the house have that advantage for having the system but it will take time before you can get those earnings while risking your money and play inside the house if you got lucky you can earn instant but high risk is really needs to consider.

I know, home is definitely going to benefit but which makes people worry if they not get anything from they investment. it's a very reasonable thing occurred when the man wanted to invest, not only in gambling.

Topic: Gambling investment is zero sum (Read 1997 times)