Gambling Site's Investing (Is it worth it?) - page 7.

Pmalek

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Quote from: amishmanish on February 07, 2020, 06:07:33 AM

Snip

OK, thanks for explaining it. In that case I assume if a person is interested in such an investment he would have to privately contact the site with an offer?!
The site that was mentioned in the OP doesn't highlight which gambling sites are currently in need of investments.

@TheUltraElite
When you made your investment back in 2016 how did you find out about it?
Did the site advertise they needed investments, where you referred by someone, did you come by it by accident...?

yanto@1977

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Majority gambling site have fix value and from there people have perspective this is the right place for invest. So far I don't agree with that because gambling coin value also depend with bitcoin movement when deposit and currency when withdraw, there is volatility in there. Why you not try to invest with traditional method, buy save in wallet and sell when reach high price. Use popular coin in trusted exchanges is better option.

TheUltraElite

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Quote from: wwzsocki on February 07, 2020, 02:58:32 PM

It is enough to read comments in this thread to know that investing in a casino bankroll is very rare and I don't know personally any Bitcointalk member who actually did it.

Considering the fact that this section is heavily spammed by many users, I still feel sad that you did not read my post in the first page of this thread.

I just explained about my experience there even though I never call any such option as success, it was worth it. In case you missed it read it here and I will forgive you Cheesy

- https://bitcointalksearch.org/topic/m.53788695

Quote from: The Cryptovator on February 08, 2020, 01:50:12 AM

Isn't investing in a bankroll the equivalent of gambling? Because if investors have to carry lose then most likely it's also a gamble.

Yes but dont forget that being an investor is the opposite side of the table. You are the house now, or a part of the house.

Quote

I have seen couple to casino who are giving opportunities to invest on bankroll and a return a percentage from their total house edge.

Actually they are very few. The casino also carries risk of the investors in case of bankruptcy. But again like I said in my previous post in this thread linked above, it is a long term investment if you want a decent ROI.

Quote

I didn't invested on such as platform. But if the platform is trusted enough then it would be a passive income for lazy people like me. So most important thing is how trusted your investing casino.

Wrong statement in the bolded part. If you are looking to make money from bankroll investing then you are not going to break even at short term or even long term. This is comparable to fixed deposit bank investment. It is a method to diversify your assets in different sectors one of them being bankroll of casinos. It should not be the only one if you are looking to make money, but a constant source of profit in a long term portfolio.

Debonaire217

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Maybe I do not have the concrete idea whether to consider good if we invest a portion of our salary or income to gambling sites. But considering the fact that we could win the same way as we play on these gambling sites using our cryptocurrency earned from crypto community, it is very much the same as the main factor to be affected greatly is the satisfaction to the game since the fund that we are about to enter comes directly from our hard work.

I might do it some time, but for now, I am already enjoying playing with not much fund with me, or through faucets in order to beta test gambling sites.

The Cryptovator

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Isn't investing in a bankroll the equivalent of gambling? Because if investors have to carry lose then most likely it's also a gamble. However, usually house always win more than glambers and that's how they continue their business. I have seen couple to casino who are giving opportunities to invest on bankroll and a return a percentage from their total house edge. I didn't invested on such as platform. But if the platform is trusted enough then it would be a passive income for lazy people like me. So most important thing is how trusted your investing casino.

Darker45

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Quote from: Saint-loup on February 07, 2020, 07:02:40 PM

Quote from: Yatsan on February 07, 2020, 01:17:20 AM

Hi! Have you ever tried to invest into a gambling site? and my question is, is it worth it? Considering that you will not be a player! but you will be the house (not actually the house but some part of the "house" LOL), Your portion of investment will be part of the gambling website's bankroll and if they win you also win! and if they lose you will also lose.

The downside of it is, if you are going to invest, 2% of your total investment will be the fee (2% on the most of the gambling website that I see). So are you going to try it? It is going to be okay if you consider long term investing but if your motive is for short term, I think not.

Is there any people here have tried it for a long term and does investing on it, is worth it?

If you are interested to know what gambling website's are offering Investment, you can check this website: https://dicesites.com/
They list all of the website's offering it and additional information for it.

Your website is only listing dice sites! Why it doesn't talk about other platforms like Rocketpot for example? Undecided

By the way, why there is always this 2% fee Huh

Not 1,5%, not 2,5%, no... always 2%... Where does it come from please? Huh

Not necessarily dice sites but online crypto casinos. Dice is just one of the most popular, if not the most, casino games. However, Rocketpot is not offering dice games if I'm not mistaken. It is offering a crash game. Nevertheless, it is still a crypto casino and it also offers bankroll investment opportunities to interested investors. I think only crypto casinos are offering bankroll investment opportunities. Sports betting platforms do not need bankroll investors because opposing bets are enough to pay for the winners. And gamblers are not playing against the house.

Please correct me if I'm wrong. I think you are referring to that dilution fee which is taken from a new investor and fairly divided among all earlier investors according to their stakes. You will also receive a portion of this fee if another investor comes after you. This is not always 2%. I think it varies from one casino to another.

Saint-loup

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Quote from: Yatsan on February 07, 2020, 01:17:20 AM

Hi! Have you ever tried to invest into a gambling site? and my question is, is it worth it? Considering that you will not be a player! but you will be the house (not actually the house but some part of the "house" LOL), Your portion of investment will be part of the gambling website's bankroll and if they win you also win! and if they lose you will also lose.

The downside of it is, if you are going to invest, 2% of your total investment will be the fee (2% on the most of the gambling website that I see). So are you going to try it? It is going to be okay if you consider long term investing but if your motive is for short term, I think not.

Is there any people here have tried it for a long term and does investing on it, is worth it?

If you are interested to know what gambling website's are offering Investment, you can check this website: https://dicesites.com/
They list all of the website's offering it and additional information for it.

Your website is only listing dice sites! Why it doesn't talk about other platforms like Rocketpot for example? Undecided

By the way, why there is always this 2% fee Huh

Not 1,5%, not 2,5%, no... always 2%... Where does it come from please? Huh

harizen

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Quote from: serjent05 on February 07, 2020, 02:59:56 PM

Quote from: harizen on February 07, 2020, 02:48:31 PM

I've tested some before on just-dice and Moneypot. Sits my funds there for years without any news and forget it. Because of this thread, I'm now trying to dig my account details on just-dice and just learned that they are still active.

So how much did you earn from that long inactivity? Quite curious here and sharing your experience and result may encourage many of us to try and invest in a gambling site.

I don't know honestly. Again, I'm trying to figure out my account details on just-dice. I think it was around 2015 or 2016 where I made investments there. That time, CLAMS is one of the popular altcoins and the said site is also one of the popular gambling sites back then. I just saw this thread that's why I remember some of my stuff.

But for your reference, I think I put a $400-$500 value of CLAMS there which mostly I got from trading and playing at the site and it doesn't really harm my own precious wallet (it was continuously funded making it around that price). And take note, that $400-$500 value of CLAMS just managed to just get around 0.001% or 0.0001% or something around that percentage of the total bankroll if I remembered it correctly. Just imagined what would be my profit even resting it for decades. We really need lots of money here to feel the profit in the long run but that would also increase the risks as your fund is not in your own possession.

Quote from: serjent05 on February 07, 2020, 02:59:56 PM

Quote from: harizen on February 07, 2020, 02:48:31 PM

I've tested some before on just-dice and Moneypot. Sits my funds there for years without any news and forget it. Because of this thread, I'm now trying to dig my account details on just-dice and just learned that they are still active.

So how much did you earn from that long inactivity? Quite curious here and sharing your experience and result may encourage many of us to try and invest in a gambling site.

Quote from: harizen on February 07, 2020, 02:48:31 PM

On Moneypot, I don't know what happened.

I read that the Moneypot service where shutdown last Sept. 14, 2019 and they limit their operation to withdrawal announcing that users will have to make the request before the said shutdown date. So I guess your fund on Moneypot is already gone.

https://medium.com/monsterbyte/winding-down-moneypot-operations-d6a4febafbbc

Yeah. I just do a bit of a search after my post and found that they are already out of service. I visited the site and it was now rebranded to another service.

I just put small money there so no worries at my part.

chaser15

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Quote from: Yatsan on February 07, 2020, 01:17:20 AM

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

No. There are lots of sites already with this feature but no one till now got success or make big profits out from investing in a site's bankroll.

This is not a sure win even a house always wins. There are whales at each site and there is always a possibility that someone will get big winnings. Because that is the common scenario at any site, instead of continuous profits by the investors, their balance is just playing and swinging in a specific range.

And this is not easy as others think. There is a big investment needed even just for 1% of the total bankroll. This can't be afford by a normal users.

stomachgrowls

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Quote from: wwzsocki on February 07, 2020, 02:58:32 PM

Quote

Are you going try investing on their bankroll?

I don't think so, why?

The answer is rather simple because I haven't seen any success stories until today from other investors and such investments are known already for quite some time.

If this will be a successful investment, there will be some info shared on the internet, but all I can find are old threads, mostly abandon after some time.

It is enough to read comments in this thread to know that investing in a casino bankroll is very rare and I don't know personally any Bitcointalk member who actually did it.

There are actually Bitcointalk members that i know that had invested on site bankroll.Just like Lutpin on Crypto-games.net https://bitcointalksearch.org/topic/archived-profit-tracking-2445163

and you can see some trackings on here https://bitcointalksearch.org/topic/crypto-gamesnet-investment-returns-updated-weekly-week-35-2796-in-btc-1796062. I wont say that it isnt really good to have this investment but this is much more
better rather than wasting up your money directly with gambling. Grin

Lanatsa

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Quote from: Yatsan on February 07, 2020, 01:17:20 AM

~snip~

It depends on a certain individual on what would be his view towards this kind of investment.
If he do much prefer on getting profits on short time then this one would be crossed out.
Talking about big gains? No. Even if you're part of the house, the return wont really be felt that much
unless if you do invest hundreds of thousands but it isnt really that worth imho,. but if you do have
still the money to spare, why not?

JanpriX

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I've been thinking about this for quite some time now. We all know that the house always wins in every gambling site out there (long term and must have a very dedicated team to put out the site's name out there). If I can't beat the house with my daily bets, why won't I just join them. And then, it hit me, why do I not invest my into them directly? The problem that I'm seeing is that they will require a lot of money (I mean a lot) for them to include my name in their stake/shareholders.

To answer your question, it really sure is, it's really worth it. But the main concern (atleast for me) is how do I enter those "circle of elites" to let them put my money on their bankroll and get a passive income from them? Will a thousand of dollars be enough?

serjent05

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Quote from: harizen on February 07, 2020, 02:48:31 PM

I've tested some before on just-dice and Moneypot. Sits my funds there for years without any news and forget it. Because of this thread, I'm now trying to dig my account details on just-dice and just learned that they are still active.

So how much did you earn from that long inactivity? Quite curious here and sharing your experience and result may encourage many of us to try and invest in a gambling site.

Quote from: harizen on February 07, 2020, 02:48:31 PM

On Moneypot, I don't know what happened.

I read that the Moneypot service where shutdown last Sept. 14, 2019 and they limit their operation to withdrawal announcing that users will have to make the request before the said shutdown date. So I guess your fund on Moneypot is already gone.

https://medium.com/monsterbyte/winding-down-moneypot-operations-d6a4febafbbc

wwzsocki

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Quote

Are you going try investing on their bankroll?

I don't think so, why?

The answer is rather simple because I haven't seen any success stories until today from other investors and such investments are known already for quite some time.

If this will be a successful investment, there will be some info shared on the internet, but all I can find are old threads, mostly abandon after some time.

It is enough to read comments in this thread to know that investing in a casino bankroll is very rare and I don't know personally any Bitcointalk member who actually made a significant profit on it.

harizen

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Quote from: Yatsan on February 07, 2020, 01:17:20 AM

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

That idea is really nice - passive income in the making. One of the recommended passive earning method even back from the early days of crypto-gambling.

But come to think of it, why we can't see users here making a profit from investing in a gambling site's bankroll even the house always wins? What is probably the problem? If we calculate our possible earnings within a given period, the profit out from doing nothing is really awesome.

The bottom line, this kind of investment seems not profitable "in the long run".

I've tested some before on just-dice and Moneypot. Sits my funds there for years without any news and forget it. Because of this thread, I'm now trying to dig my account details on just-dice and just learned that they are still active. On Moneypot, I don't know what happened.

semobo

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Quote from: imstillthebest on February 07, 2020, 01:31:17 PM

Quote from: Asuspawer09 on February 07, 2020, 12:52:45 PM

I might not take risks in investing in a gambling site more likely when a gambling website doesn't have a lot of users it could also shutdown like an exchange I think not recommended.
For me, I just put money or cryptocurrency in a gambling website for entertainment and profit, I think playing in a gambling website could also be a source of income for most of the people and at the same time your kinda investing in cryptocurrency or bitcoin too since you just put your bitcoin in a gambling website the only downside is the transaction fee, but still, you could recover it easily in gambling.

recover in gambling ? lol sorry but i find that funny when you said that. you can recover what you loose on trading/investing in a less riskier other than gambling because gambling is verry risky . people dont gamble to recover funds but they already lost while playing a gambling and then they find other less riskier ways to recover what they loss on gambling . gambling is risky but investing on a gambling site is less risky , you gotta need to find a more trusted site in regards to that matter .

This is all about investing into a gambling site's bankroll so it has nothing related to betting and gambling.

He is right too but when you choosing a gambling site for investment then it should be reputed and existing for years to make sure it has cappability of generating revenue from your capital.

serjent05

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Quote from: Blackdeath on February 07, 2020, 12:42:59 PM

In my own personal opinion, investing your money in gambling sites is more riskier than playing in a gambling site because if a gambling sites doesn't have a lot of players it will be impossible for them to gain money and there are a lot of existing gambling sites today, that is why a lot of gambling sites have their own strategy to gain players by just giving them bonuses and starting money when they signed up.

You cannot say it unless you tried it. There had been proof that investment in gambling casino gives a good profit. You only stated the worst-case scenario wherein every investment can possibly experience. I, myself are hesitant to try this gambling casino investment but the test study stated in this site https://bitcoingamblingreviews.com/bitcoin-gambling-investments-712/ is appealing, and I think here is their thread in this forum regarding the said investment.

We can scatter our investment in different gambling casinos to minimize the risk of getting burned in one go. That is what I saw in that experiment.

imstillthebest

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Quote from: Asuspawer09 on February 07, 2020, 12:52:45 PM

I might not take risks in investing in a gambling site more likely when a gambling website doesn't have a lot of users it could also shutdown like an exchange I think not recommended.
For me, I just put money or cryptocurrency in a gambling website for entertainment and profit, I think playing in a gambling website could also be a source of income for most of the people and at the same time your kinda investing in cryptocurrency or bitcoin too since you just put your bitcoin in a gambling website the only downside is the transaction fee, but still, you could recover it easily in gambling.

recover in gambling ? lol sorry but i find that funny when you said that. you can recover what you loose on trading/investing in a less riskier other than gambling because gambling is verry risky . people dont gamble to recover funds but they already lost while playing a gambling and then they find other less riskier ways to recover what they loss on gambling . gambling is risky but investing on a gambling site is less risky , you gotta need to find a more trusted site in regards to that matter .

romero121

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Investing on gambling websites will profit good, but that too won't be that big. In some cases investment on gambling houses and just holding gives almost the same return out of the investment. Investing on gambling houses will be risk free, because end of the day every gambling website will make profit. It is always good to invest upon trusted gambling websites, because very few sites provide the return perfectly.

Chrystora123

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Quote from: Yatsan on February 07, 2020, 01:17:20 AM

snip..

I've been an investor 3 times on gambling sites, and each of these gambling sites offers different revenue sharing. 2 gambling sites that I tried, gave me a profit in a fairly close distance, but 1 site is only suitable for long-term investment. @OP... the site you referenced above (dicesites.com) is very helpful.. thank you

Topic: Gambling Site's Investing (Is it worth it?) - page 7. (Read 1639 times)