Topic: Gambling Site's Investing (Is it worth it?) - page 6. (Read 1667 times)

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.

Merely looking at the investment you did, you made a very short-term investment and shouldn't expect much gains from your investment. Even in trading, you will not have a profit you desire if you only invest little amount of money in the trade. Personally, I love going into a long-term investment because of the huge profit derive from it.

Yes I invested gambling sites and If I got only small profit you why? I invested small money.

Investing to their bankroll is good as long as your money is very high and also the gambling sites are legit because if the site is legit you lose money. I withdraw all my money to the bankroll because I already invested it to the altcoins and bitcoin because for me that is more worth it than investing to the gambling site to their bank roll but better if you have that two investment .

That is my experienced and my opinion and If you think Im wrong please correct me.

In general view maybe yes since gambling sites are profitable and therefore you will also be profitable.
However, the question is, are you okay with a small percentage of profit you will make and are you willing to risk big money if you aim a higher profit?

The thing is, though in general they are profitable but it doesn't mean all gambling sites are profitable, and take not, not all gambling sites accept investments from outside, especially those sites that are already established like stake.com, sportbets, and nitrogen sports, even prime dice.

Another user on this forum had told me to visit the site and check out the less house edge compared to Primedice. So I did so and even though the site design seems much less attractive than PD, I was interested in the investment feature and used it than roll anything. I feel it is important for a bankroll investor to be a strict non gambler but should know clearly how the money is made and lost in gambling. Affiliate marketing and bankroll investment are the two important EV+ profit possibilities in a casino where other EV+ games not available.

Its all good we are having a coffeeshop debate here after all, no hard feelings.

House always win, yes ., but before you can feel out the profits generated by these gambling house investment you would really need some big amounts for it to be felt.
If not, then you would earn pennies but if you do prefer on less risky then this is also a good choice and this cant be compared with equities or other traditional investments
on real life.Try to compare out their percentages here and on the outside, you can see the difference.Worth it for those people who dont matter much on big returns.

I think it's a great investment.

Also, I don't think that most of the sites which offer investments actually charge the 2% fee that you speak of? Most charge like 10-20% on profits made by the house, but that's pretty much it. There is no lump sum payment that you have to pay in order to start investing.

The thing with investing in casinos is that you can also leverage your investment with offsite investments, which is offered on Bitvest and JD, amongst others. That can increase your profitability significantly.

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!

I think I own both of you an explanation because clearly misunderstood my probably not a very well defined answer.

As I have said: "I don't know personally any Bitcointalk member..." and personally is the keyword here.


Of course, I have read your post in this thread (TheUltraElite) and to be honest, I spend almost one hour on reding different threads about investing in casinos before I commented here.

I always read fully the thread in which I am answering, when it is not too long, of course, and if it is, then still, I try to read at least a couple of first and last pages, scrolling through the rest of the text in "quick view" mode  , to know exactly what is going on and to be able to share a useful answer, which will hopefully add some quality to the discussion.




As you can see, I just shared my browser history from yesterday to prove my words and at 7.17 o'clock started to read this thread, one hour later almost at 8 o'clock, I have finally answered, after reading 11 threads about the "investing in casino bankroll"   and additionally a few others, not so good related to the discussion, but still interesting and worth attention, like for example:
Lost $350k / 54 BTC gambling, need help

After reading so many threads, I haven't found any success stories, were somebody (even only because of luck) earned a lot of money when investing in bankrolls and that is why I answered like this.
I have told that I don't know any Bitcointalk members personally, but maybe it was a mistake that brings confusion and made my answer hard to understand correctly?

Hey guy if you don't want to reply to questions don't open a thread or just ignore them.
I've been polite with you so if you're not able to reply you don't need to be rude and to insult me like that, you can just ignore me... except if you want to shitpost  
So I will ask my questions to other people who are reading the thread, you can ignore me and go away since you're useless and aggressive in addition.

So does anyone know why the (dis)investing fee rate is always the same : 2%?   Not 1,5%, not 2,5% or 3% but always 2%?  
Is there a specific reason? A kind of common agreement between the platform or it's something else? TYVM

I didn't try investing in any gambling sites so far because I think it is not good and you may lose you money on that, as what have said above, if the gambling site wins then you may win also. If it fails, you will also suffer, meaning to say, you are not sure that your money will increase on that investment site. Gambling site has no right effects for each of us. The excitement and enjoyment that you felt when gambling would disappear soon.
 
It is not a long time enjoyment because it will rely only on your luck. If this is not your day, then you will lose money. There are so many investment sites that are way better compared to the gambling site, and for sure, the money that you invested will increase someday. That's the essence of legitimate investment sites, like yobit.net, it is a trusted investment site for me, I've been using this for almost one month, and everything works so fine.

Common Sense is,if youre the House you will keep winning. However thats far from the Truth. If youre opening a new Gambling Site you will only get new Customers when you provide Offers in Order to create new Signups. And here is the Crux . There are many Thousands of People specializing in clearing these Kind of Offers,costing the House large Chunks of Money. Many new Companies go bust because of this.

Yeah, small investment means small returns/profit. Also, even if you make huge amount of investment, don't expect huge profits within few days. You "will" make profit, but that is going to be in the long run. Remember, in the long run, the house always wins (due to house edge), which means, you will also be making profit along with the casino.
Sorry to hear that you got scammed. Unfortunately, you invested on a casino that had no reputation at all. Make sure you invest on a casino that is well known in this community.

If we go on with this idea, then we can possibly think that every investment regardless of its venture is a gamble.  Like, if we invest in a fast-food chain, we ought to spend on labor, materials taxes, etc.  And I think investing in a casino is not different.  Bankroll getting bankrupt is the same as a food stall that does not have any customer.  Or mishandled service of a crew or staff that resulted in damage to the client that the management needs to fix.  Same loss in different situations.  and also:

This.

---

I definitely agree, ( not on that your lazy part), and I think it is a wise move rather than our money sitting idle and giving us nothing

Bankroll investment is something similar to traditional investment so you will get 5% returns per annum but in cryptos which can be generated even in a day so it all depends on what kind of returns we were expecting from our capital invested but one thing risk factor increases with the increased in returns.

AFAIR, I invested in dice bankroll in year 2017 and it wasn't as profitable as I was expecting.
Well, we know that when there is a house edge, casinos will win all the time but don't expect you'll get big profit with your small investment and that discourages me because I also witness that there are casinos that goes scam and take the of the investors. (there's a lot of them, we can do a research)

with that experience, I decided to divest my money and invest it in altcoins and bitcoin and I am lucky I do it on the right timing and indeed it's more profitable than investing in a casino's bankroll.

Have you really read the thread? or just spamming here for signature purposes? The website is not mine it's NLNico's website, and that's the only website that I see that talks about Gambling investment so I posted it here, hoping that I will get some opinion and knowledge at the same time with regards to the topic.


It comes from my personal experience and as expected to someone like you, I know that you didn't read the whole thread so let me quote it for you


That is what I see, I created this thread using my own experience and I am not here to discuss the whole gambling investment platform, instead I make this to get more idea about it. I would really appreciate if you will give the solution or information of what this thread is lacking of, but instead. You just complain about what's here and you sounded like a shitposter that don't know how to read. Damn

first law..house always win..if house get loss they will rekt and someone going to bleed.. LOL..
just kidding btw, investing on a house which is one of a wise move, like when playing baccarat, people tending to choose banker right, cos house edge is there. So when I took my investing is better for the house. But if we talk about investing in gambling sites that big decisions since the profit is on the long course, not for hit and run player.

No, you don't need to contact those sites privately as they have a dedicated page for bankroll investment. For example, bustadice https://bustadice.com/invest

It does. The third column ("Investing") tells you whether you can invest in their bankroll or not.

Most of the sites that accept investments aren't making big profits but a few ones do. Again, look at the total profit history of bustadice. On this date last year their total profit was on BTC898 vs today BTC1276. That's roughly more than 35% return over a year, which is huge.

He's considering the other possibility, and you should do that, although he had the guts to say it so. It is just a matter of lessening potential loss. Well, in your case, you must be unfortunate or you might be playing without having any prior plan just betting what you got till you run out of money, that's really bad, man. Besides, even if someone's loses a lot that doesn't mean the casino itself would gain bigger, there will be always someone lucky out there who will win the jackpot prize or the most closest to biggest prize. Imo, it would depend on how many players would bet their money in the line that few of it would be in the house itself.

this is the most important part to consider before investing   . there are old age sites out there that offers investment ,  like for example bitvest  , cryptogames   , ( to name a few  )