Topic: GAMBLING SITE INVESTMENT - page 32. (Read 6987 times)

Well, you have a great profit for Yolodice this week, but not just Yolodice. Profits were higher than from both casinos, Bustadice also had better returns than the previous weeks. But the best part is still profit from Bitcoin. I must say that I am very interested in the investments you are making, a stable amount of money each week. Much better than profit from any bank 

Good to hear that, it seems like your investment is having a good start, well I am hoping it will continue because we all love to see our brothers here to be  profitable.

I think the trend will follow, you'll still be profitable and it will keep increasing since you having divest your investment yet.
it's still too early to conclude, I'll think of putting some investment in this site after at least 3 months of monitoring your journey.

Yes, but most of them because of that.

What I said before all depend on a case by case,

I just want to explain what @Globb0 wants to say.

I also put my own speculation risk from my perspective, so basically i agree with @Globb0 there has some risk well any kind of investment it always has some risk it's really impossible went u doing any investment without some risk include on thats. But for the risk i have some different speculation from @Globb0 here it is :

No hard feeling xD.

Everyone has their own perspective, went someone who said different against them there always be argue and that's part of the forum.

I just want to put my 2 cents .

Cheers.

and also profit like this is uncertain, if you read further information, this is like you become one part of the site, if the banker wins then the results will be shared with all investors, if you lose then the losses will be divided equally according to the amount of each investment .

It would be really difficult to hack a good casino site as I know almost all of them put most of their money on a multisig cold wallet.
And just a small amount of money lies on the hot wallet. Mostly below 1% of the total bankroll. And in case of a hack, a reputable casino should forfeit the bankroll investors like daniel did when a person exploited a bug to win in his casino.

I understand what you said, I know the risks you mentioned. But a hack is always the best reason to disappear with all the money, right? Everything can happen, a hack can actually happen by another, it can be caused by them, who knows?
Basically, you and Globb0 are analyzing all possible risk factors. And I only talk about feasible risks, risks that investors can identify, not include majeure risks such as a hack.

I also think that we shouldn't continue arguing here, as I said at the beginning, we have different mindsets, there's no need to argue.

Great point here. If there was 0 risk they would be using their own money and raking it all in. The reason they would rather use your money must tell you something about that.



My points here (in this thread) are generally around the investment type and if its worth it.


The original person has mitigated some of the risks by picking long running and reputable parties to invest in. Doing that homework must be crucial for any investment.

Also I hope to OP isn't taking those comments too personally because they are generally aimed to all as a warning (I can see he is comfortable with what he is doin and good luck to him - and anyone here among our friends who is going to invest in something)

Agree with you fully on this, casinos usually are profitable if they have a gamblers, they own the rules, they can set and adjust it accordingly to remain profitable. However, my only concern is that "if casino will go scam".. we will never see our money again, so diversifying investment in different casinos would be a big help here to reduce the risk.

First, you said about bankruptcy then you referring about this :

Its all depend on the case their bankruptcy if they declare that with the reason of the hacked case and lost all fund sure they will be bankrupt since can't really refund all the customer money who has been lost because of cant refund all the customer asset.

Everything was handle case by case if you referring disappeared with a large amount without any problem its mean scam and not really making an exit with some bankrupt statement without solid proof.

I'm not talking about the bankruptcy of casinos, I'm talking about everything on cryptocurrencies in general. Every time someone declared bankruptcy, they hugged a large amount of money and then disappeared. I agree that I have no data to prove, but you can see through practice in the last 3 years


Of course, no casino is committed to profitability for the participants. But the profit of investors and the profit of the casino are directly proportional to each other. A casino is always looking for ways to make the most profit. As long as they care about their own profits, investor profits will be guaranteed. So I still think it is not a risk. No casino wants to lose money

He's pretty aware with that and its great that he do share up his investment information to the public so that we can have some idea in terms of gambling house investment.It might not really be that big but its good to look at into those positive results.Yes, it might not be permanent because not all is profiting days which is already an expected thing to happen.Thanks op for sharing this up and i will follow this one until
you do decide to cashout and let the majority do saw on what are the returns and losses with this investment experiment of yours.

If there's a positive results with each and everyone's lives, we must embrace it and be happy about their success. However, that risk must not be ignored because gambling isn't about long term wins. You also have to consider those bad times you had before enjoying the profit that you achieved.

Profits are just there.

3 weeks just passed so OP didn't plan to withdraw yet and I believed it will take a year or two or if it's really necessary to cashout before OP consider withdrawing.

About the risks, OP is surely aware of this before risking his money and already accept that sh*t is always possible to happen along the way.

Then how you make a claim most of the bankruptcy casinos making their own conspiracy, this is just from your own speculation right?

There is no guarantee at all with the reputable casinos went they have their own problem regarding the asset security and investment since @Globb0 mention some security issue. We use a reputable casino just for fairness and their really paying us went we withdraw the asset, for the security that would be a different situation. They could be got some "DDOS" attack since casino could be the same as the exchange went every people put their money on the cassino  went they playing on the casino. Because of that, the casino could be the target of a hacker and regarding how casino giving back thei depend on how much the asset has been lose if they lose all the asset there have some chance you will never get your money


The reality, cassino do not make any claim they really concerned their profit to their investor.

Most of the casino putting a statement, there is no guarantee you will always getting a profit-based "how the bankroll investment work". So they not really concerned the investor always getting some profit, it's all depend about the situation of the casino itself.

A bit agree with @Globb0 the risk still to be really high.

But from my perspective, the risk could be taken from "the price of which cryptocurrency u used went enter the investment" went we compare with, the profit gained during an investment, how long the investment happens and the high volatility of cryptocurrency since we using crypto for the investment.

Its a some sort of experiment but this one is surely a serious matter.I know that amount invested isnt small even its converted to Peso and not all would have the capacity to throw up 30k php on a gambling site.
5k php on a matter of 2 weeks isnt bad and as long its compounded plus having an increase of btc price then its really good to see these positive results.I didnt expect somehow that yolodice
is doing pretty well too.Soon i might consider this investment if i do have some spare money to throw of.

Thanks, OP for sharing this information. these numbers don't even look bad.
earlier I also had an investment in Crypto-games casino, but the profit was insignificant compared to your case.
whether the profits are automatically reinvested or you have withdrawn it?

With  how OP appreciates the outcome of his journey showed that he's okay with his investment, and like what he have said about combination of investment, aside from the the house share profits he also managing his btc while the value is still rising. Long term projections if bitcoin continue to
rise then OP's assets  will bring decent value for his investments.

@Yatsan, what level of risk did you choose while investing there? Was it moderate or higher? I used to invest in gambling sites a few years back while following someone here who was just like you, he used to publicly reveal all his investment data as well as what was his earnings. I used to earn around 49% in just 4 months due to him but as you know, we all need quick returns instead of waiting longer so I stopped doing this and started gambling back then.

I don't have any problems with you, but our ways of thinking are contradictory 

This is really not a risk  I take an example of Yatsan's investment in bustadice. His stake is 0.001%. The rate is too low to bear any big losses. Hope you understand my thought 
This is also not a potential risk, casinos are always concerned about their profits, investors do not need to worry about this, casinos will take care of it for you. They never let such a hole exist 
This reason seems to be the most logical of all, but this also depends on your choice for a reputable casino. Most bankruptcy claims stem from their own conspiracy, a reputable casino will not do that

My opinion