Gambling Site's Investing (Is it worth it?) - page 5.

AnatanVS

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Quote from: Yatsan on February 07, 2020, 12:17:20 AM

Are you going to try investing on their bankroll? Please explain your answer

Investing in a gambling site is the same as investing in a regular ICO project. Now most people have a negative experience of investing in various crypto projects. That's why I don't want to invest in a gambling site or anywhere else.

arwin100

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Jack of all trades 💯

Quote from: michellee on February 11, 2020, 02:33:49 AM

Quote from: MWesterweele on February 10, 2020, 10:25:33 AM

Quote from: michellee on February 10, 2020, 05:30:42 AM

Maybe investing in gambling sites now still profitable, but I am not sure that many gambling sites still give this option to their members. We need to find out which gambling site that accepting the investment so we can make a profit although it is a small profit. No matter if the profit is small, that still a profit to us. But we cannot expect to make a big return no matter if bitcoin price increase higher because we use it to get small bitcoin by using the investment.

Yes, they will allowed us but, they will get the higher earning than us, since we are just making a partnership with them , not being a co-owner of it, we are just having a piece of them, not a part of them .

That is another risk that we might get if we invest with them. We cannot get higher earning because they have their calculation on the investment return, so they still get higher earning than us. If we can accept any amount of profit, then we can try to invest with them. But remember that to earn from the investment, you need to have patient, and it still difficult to find a good gambling site for the investment.

Yes the earning is not good since we only get a little dividend from them but I think this is more decent rather than investing on ICO's but we should select on what we look for and first thing we need to look up is their transparency and reputation.

And expect they earn huge than us since first of all they are the owners and we are just riding on their platform to gain.

michellee

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Quote from: MWesterweele on February 10, 2020, 10:25:33 AM

Quote from: michellee on February 10, 2020, 05:30:42 AM

Maybe investing in gambling sites now still profitable, but I am not sure that many gambling sites still give this option to their members. We need to find out which gambling site that accepting the investment so we can make a profit although it is a small profit. No matter if the profit is small, that still a profit to us. But we cannot expect to make a big return no matter if bitcoin price increase higher because we use it to get small bitcoin by using the investment.

Yes, they will allowed us but, they will get the higher earning than us, since we are just making a partnership with them , not being a co-owner of it, we are just having a piece of them, not a part of them .

That is another risk that we might get if we invest with them. We cannot get higher earning because they have their calculation on the investment return, so they still get higher earning than us. If we can accept any amount of profit, then we can try to invest with them. But remember that to earn from the investment, you need to have patient, and it still difficult to find a good gambling site for the investment.

MWesterweele

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Quote from: inthelongrun on February 09, 2020, 04:12:18 PM

Few years ago house investing on gambling sites are somewhat popular due to good profit. Now I seldom heard on people doing it. Most gambling sites aren't offering investors too. Some are still accepting investors but are lowering the investors share of profit. If I have ample of time to manage my funds then I will definitely do it. Even 5% income per annum is still good knowing that banks cannot offer that kind of interest.

Yes maybe somehow casino owners do not want to have many stock holders, they just want a few people holding it, but if I will having some money then I will do it as well, I think it is a good investment but a risky one. Maybe some casinos do not want to share some profits to others as well we all know that casinos earn millions everyday, having a less people running it makes them very rich, but this is only my point of view as well.

Quote from: michellee on February 10, 2020, 05:30:42 AM

Maybe investing in gambling sites now still profitable, but I am not sure that many gambling sites still give this option to their members. We need to find out which gambling site that accepting the investment so we can make a profit although it is a small profit. No matter if the profit is small, that still a profit to us. But we cannot expect to make a big return no matter if bitcoin price increase higher because we use it to get small bitcoin by using the investment.

Yes, they will allowed us but, they will get the higher earning than us, since we are just making a partnership with them , not being a co-owner of it, we are just having a piece of them, not a part of them .

michellee

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🐺Spinarium.com🐺 - iGaming casino

Maybe investing in gambling sites now still profitable, but I am not sure that many gambling sites still give this option to their members. We need to find out which gambling site that accepting the investment so we can make a profit although it is a small profit. No matter if the profit is small, that still a profit to us. But we cannot expect to make a big return no matter if bitcoin price increase higher because we use it to get small bitcoin by using the investment.

Timelord2067

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As with any investment (stock exchange, house, car etc) you have to separate your emotions from the purchase (unless it's a collectables purchase then all bests are off). You need to do your research, check the company out - what's the buzz around the company, good or bad? What return are you looking for - long term or short term gains. Plus, you have to look out for how easy is it to liquidate if you suddenly need to cash out?

matchi2011

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Quote from: bering on February 09, 2020, 09:44:16 PM

Investments like this are very popular several years ago even people says this could be good solution if people want to seeking passive income because monthly interest seems quite high but eventually people leave it because some of casinos which have this option has decide to closing their service because lost to compete with other casinos and can't pay profit sharing again but lately seems very rare to the casinos available for this options because i'm sure this not profitable for them

Though there's still gambling business who accept investment but the outcome is no longer the same from those previous years of this types of passive investment. Most of those investors are only getting break/even or some are losing value of their investment. And since it's taking time before you can calculate your profits sharing your money will be stuck from the casino bankroll. You need to wait for some time before you can really calculate whether you are in positive or negative position.

bering

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Investments like this are very popular several years ago even people says this could be good solution if people want to seeking passive income because monthly interest seems quite high but eventually people leave it because some of casinos which have this option has decide to closing their service because lost to compete with other casinos and can't pay profit sharing again but lately seems very rare to the casinos available for this options because i'm sure this not profitable for them

janggernaut

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Quote from: mersal on February 09, 2020, 03:54:24 PM

Quote from: Zicadis on February 09, 2020, 03:16:03 PM

Quote from: mersal on February 09, 2020, 02:27:44 PM

Yes it is worth,some gambling sites even can give profits nearly about 7-8% per year.

But if you are going to compare the returns with day trading activities then it looks trading is far better idea to invest cryptos but not everyone have time to trade with their funds so they choose something passive like gambling sites.

Which sites provide a yield of 7-8% per year? Do you have any links or sources to verify this information?

This just an approx value,there won't be fixed returns from the gambling bankroll investments,it all depends on the wagered amount.So higher the reputation of gambling site then more chances to get yield from investing there.

Yea that's correct, there is no fixed return in gambling. Whatever you gamble or.invest your money, it's still depends on some other factors. In investing, you can earn profit if there are lot of gambler lose their money on gambling sites (you are playing as the house), but if there are few gambler who won huge amount, then your investment will down since they are taking your investment as their profit

finaleshot2016

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I haven't invested yet but probably, few people earn profit through gambling sites. It's also a risk you will take on a gambling platform. Devs just put investment to attract more users to their platform since it's one of the benefits but basically, the main attraction of a gambling site is the game. There are too many gambling sites out there and some of its investment is too good to be true so it's very hard to tell if you're really gaining profit there. Some are legit, you can earn a lot but it takes time.

rexxarofmoknathal

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Quote from: inthelongrun on February 09, 2020, 04:12:18 PM

Few years ago house investing on gambling sites are somewhat popular due to good profit. Now I seldom heard on people doing it. Most gambling sites aren't offering investors too. Some are still accepting investors but are lowering the investors share of profit. If I have ample of time to manage my funds then I will definitely do it. Even 5% income per annum is still good knowing that banks cannot offer that kind of interest.

I think this is because there are now a lot more alternatives that involve a lot less risk.

For example, there's a bunch of collateralized lending platforms out there now, most of which are well-reputed and offer more than 5% interest. Because of this, why invest in a bankroll that could get tanked by a whale, when there's safer and higher profit options now? Doesn't make sense.

I guess this is why so few casinos offer this option now.

pixie85

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Quote from: iamsheikhadil on February 08, 2020, 11:29:09 AM

I havenot invested myself but I have seen some youtube videos and I am pretty much amazed by this opportunity actually. Investing in a casino house is even better than investing in any other companies or even equities or gold or crypto itself because, the house always, always in the long term, wins. Because of the house edge!

That's true but the risk doesn't lie in the profits of the casino itself but its legitimacy.

If a casino owner decides to bail or loses the money somehow, or goes bankrupt due to bad decissions, or get hacked, you'll lose everything. In the fiat world this is a good opportunity because fiat is easier to trace, but with cryptos it's still risky and the profits aren't very high.

inthelongrun

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The Martian Child

Few years ago house investing on gambling sites are somewhat popular due to good profit. Now I seldom heard on people doing it. Most gambling sites aren't offering investors too. Some are still accepting investors but are lowering the investors share of profit. If I have ample of time to manage my funds then I will definitely do it. Even 5% income per annum is still good knowing that banks cannot offer that kind of interest.

mersal

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Quote from: Zicadis on February 09, 2020, 03:16:03 PM

Quote from: mersal on February 09, 2020, 02:27:44 PM

Yes it is worth,some gambling sites even can give profits nearly about 7-8% per year.

But if you are going to compare the returns with day trading activities then it looks trading is far better idea to invest cryptos but not everyone have time to trade with their funds so they choose something passive like gambling sites.

Which sites provide a yield of 7-8% per year? Do you have any links or sources to verify this information?

This just an approx value,there won't be fixed returns from the gambling bankroll investments,it all depends on the wagered amount.So higher the reputation of gambling site then more chances to get yield from investing there.

Zicadis

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Dump it!!!

Quote from: mersal on February 09, 2020, 02:27:44 PM

Yes it is worth,some gambling sites even can give profits nearly about 7-8% per year.

But if you are going to compare the returns with day trading activities then it looks trading is far better idea to invest cryptos but not everyone have time to trade with their funds so they choose something passive like gambling sites.

Which sites provide a yield of 7-8% per year? Do you have any links or sources to verify this information?

Quote from: alani123 on February 09, 2020, 11:16:18 AM

Back when just-dice had a BTC option, and fees weren't as expensive, I was invested in the bankroll for a while.
To be honest, it's far from a standard investment. There's no guarantee it'll remain profitable in the long run. A luck strike by a whale could sweep months of earnings in a single day and vice versa also though. Usually the "tax" from site owners is on withdrawing funds from the balance.

So long as the dice site has a sufficient number of players and good turnover, as well as robust maximum bet limits, the house should always win in the long-run, even if a whale gets a crazy lucky streak.

mersal

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Yes it is worth,some gambling sites even can give profits nearly about 7-8% per year.

But if you are going to compare the returns with day trading activities then it looks trading is far better idea to invest cryptos but not everyone have time to trade with their funds so they choose something passive like gambling sites.

mu_enrico

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Quote from: milewilda on February 09, 2020, 12:17:31 PM

Quote from: alani123 on February 09, 2020, 11:16:18 AM

Back when just-dice had a BTC option, and fees weren't as expensive, I was invested in the bankroll for a while.
To be honest, it's far from a standard investment. There's no guarantee it'll remain profitable in the long run. A luck strike by a whale could sweep months of earnings in a single day and vice versa also though. Usually the "tax" from site owners is on withdrawing funds from the balance.

This is part of the risk even we do invest and believe too much on "house always win" , not all the time and as said which a certain whale on a particular day will easily sweep out big wins if lucky enough.
Of course it would really have negative effect into its investors and the fact these kind of situations are mostly hated by Casinos or gambling sites.Imagine on waiting up for an entire month for making profits
but ending up none because the house is negative? It would be much worth if we do find for other investment alternatives.I wont even recommend this one.

The house will always win in the long run because of HE, and this is proven mathematically. However, it doesn't mean that investors won't carry business risks just like what @TheUltraElite said, mainly about mismanagement and embezzlement.

If you really (repeat it 99x) trust the casino, then perhaps this kind of investment is for you.

ralle14

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Quote from: Saint-loup on February 08, 2020, 10:25:37 AM

So does anyone know why the (dis)investing fee rate is always the same : 2%? Huh

Not 1,5%, not 2,5% or 3% but always 2%? Huh

Is there a specific reason? A kind of common agreement between the platform or it's something else? TYVM

The divest fee for gambling sites aren't always the same, I guess why the 2% was mentioned because the top site listed on dicesites like bustadice have a 2% fee.

On crypto games the divest fee is very low less than 1% and only lasts for 21 days after that you can pull your investment out without paying any fees (source).

milewilda

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Quote from: alani123 on February 09, 2020, 11:16:18 AM

Back when just-dice had a BTC option, and fees weren't as expensive, I was invested in the bankroll for a while.
To be honest, it's far from a standard investment. There's no guarantee it'll remain profitable in the long run. A luck strike by a whale could sweep months of earnings in a single day and vice versa also though. Usually the "tax" from site owners is on withdrawing funds from the balance.

This is part of the risk even we do invest and believe too much on "house always win" , not all the time and as said which a certain whale on a particular day will easily sweep out big wins if lucky enough.
Of course it would really have negative effect into its investors and the fact these kind of situations are mostly hated by Casinos or gambling sites.Imagine on waiting up for an entire month for making profits
but ending up none because the house is negative? It would be much worth if we do find for other investment alternatives.I wont even recommend this one.

MWesterweele

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Quote from: bitcoin31 on February 07, 2020, 08:28:37 AM

I invested to the gambling sites before and I got a good profit but it is not a lot of money because my investment there is not big.
If you want a big profit you need to invest a lot of money too because the percentage that offer of the gambling sited is very big I think few bitcoins is enough to fullfill your profit you need so you can say investing in gambling is worth it.

That could be good if you invested in a successful casino or gambling site, because there are some sites that aren't sucessful due to some reasons that they are not competitive enough among its competitors, they are having small number of gamblers and clients. I think investing in a gambling site is quite good, especially if that casino is legal, have some unique feature than other gambling site, you need to take a risk, more than the risk you are taking when playing gambling, expect a high taxes too, if your country is also giving taxes even an online casinsos.

Topic: Gambling Site's Investing (Is it worth it?) - page 5. (Read 1667 times)