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Topic: Gambling Site's Investing (Is it worth it?) - page 8. (Read 1639 times)

sr. member
Activity: 1638
Merit: 425
Cashback 15%
February 07, 2020, 12:52:45 PM
#28
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.
sr. member
Activity: 910
Merit: 261
★Bitvest.io★ Play Plinko or Invest!
February 07, 2020, 12:42:59 PM
#27
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.
sr. member
Activity: 1078
Merit: 256
February 07, 2020, 12:07:48 PM
#26
I never tried but I am really interested to invest in a gambling site,
Specially those famous or well known gambling sites it would be great to be part of them and to earn from their platform.
Dividends from the house is less risk especially if you'll be investing to those known sites who offers this features. You can check the campaign
that I'm with right now, it's a while and the site still offering investment. With initial investment of .01 btc you'll be able to start your journey
into investing inside the house.
legendary
Activity: 3500
Merit: 1162
www.Crypto.Games: Multiple coins, multiple games
February 07, 2020, 12:02:35 PM
#25
You can always check other people and how they have been doing thanks to their updates. One big example is ;
https://bitcoingamblingreviews.com/bitcoin-gambling-investments-712/

This person has been doing this experiment for a long time now and he shares his success or failures whenever anything happens, he notifies people monthly about how it is going which I know is not live so you can't check it constantly so having once per month may sound slow but you can check all the previous months as well and see that it is actually not horrible. They did invested into some and decided no longer to invest to others and so forth depending on how they perform but at the same time it is vital the reason is illogical causes and not just some whale winning since that is fine. So, you could definitely invest and make money this way, definitely outperforms the markets.
legendary
Activity: 2366
Merit: 1130
February 07, 2020, 12:02:03 PM
#24
Never tried it before, surprisingly this is the first time I am hearing about it. No that I don't know that it possible but I don't some casino are officially launching this type of service.
I will surely give this a try, hopefully to make some funds from it. Even, I think it's best than gambling. Since its a bit risk free. The only thing is that hope the site won't just fold up without prior notice. Investing in Bustadice will be great though.
Hmm this kind of service has been implemented since long time ago. You can invest your money in gambling site which offer this investment options (idk if bustadice still accept investment or not, i was remember we can invest in moneypot back then).
Personally, i ever put my investment on justdice and i got nice profit after 6 months since i keep it on justdice (used 10x kelly)
full member
Activity: 966
Merit: 153
February 07, 2020, 11:50:00 AM
#23
Never tried it before, surprisingly this is the first time I am hearing about it. No that I don't know that it possible but I don't some casino are officially launching this type of service.
I will surely give this a try, hopefully to make some funds from it. Even, I think it's best than gambling. Since its a bit risk free. The only thing is that hope the site won't just fold up without prior notice. Investing in Bustadice will be great though.
sr. member
Activity: 1176
Merit: 301
February 07, 2020, 11:31:15 AM
#22
I never tried but I am really interested to invest in a gambling site,
Specially those famous or well known gambling sites it would be great to be part of them and to earn from their platform.
sr. member
Activity: 1596
Merit: 335
February 07, 2020, 11:05:58 AM
#21
I have tried investing in two different gambling sites before and I could say that I had a good experience because I gained good profits from my small investments. The only thing that you have to consider is the legitimacy of a certain exchange that you're investing with. There are lots of trusted exchange where you don't have to doubt about anything because they have good numbers of players. There's no harm in trying and exploring new types of investments as long as you know how to handle your funds.
hero member
Activity: 1834
Merit: 523
February 07, 2020, 09:28:37 AM
#20
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.
full member
Activity: 1540
Merit: 219
February 07, 2020, 09:25:58 AM
#19
I might invest few of my funds, since the odds of the house winning on these online gambling casinos is greater than the actual gambler winning.
why invest only a few when you are already sure that the gambling site will more likely to win  ? you shouldnt limit your self buddy  . i havent tried investing on a casino before but i am just a player and i loose more often  .  it seems that the more i play the more i loose , so it means that gambling site really earns alot   .

Though before investing, always check the legitimacy of the site.
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  )
I would say that not all gambling sites are earning a lot, just think of how many gambling sites are existing already and how many gambling sites are being created every month. It simply means that the competition is growing everyday which makes it somewhat hard to earn profit for the gambling sites and also, many players are into 'one' gambling site, the site in which they are playing most of the time. The competition also is giving promotions or discounts and not all gambling sites can afford giving that much just to make a gambler stay into their gambling site, which I think is the problem for gambling sites nowadays.

I'm not a type of investor on a gambling site, but afaik it worth the risk since the house always win but it will take long time till you make a nice profit from the investment unless you put a huge amount of money. Anyway just a small correction, not all sites listed on dicesites.com accepts investment such as primedice and yolodice.
Not to mention that there are many shareholders to most of the gambling sites which makes the profit from investing, small, if the amount that you invest is not that much.
sr. member
Activity: 1120
Merit: 272
First 100% Liquid Stablecoin Backed by Gold
February 07, 2020, 06:54:00 AM
#18
I think that it was worth in the past when the crypto casinos had their boom a few years ago.I think it still is but not in the same level as few years before.In the long run if you invest like 10 Btc in a highly reputable crypto casino probably you will be in profit.

There are some casinos nowadays, that are always have minor errors and it is not safe for the customer to use that. Even the famous casinos have that, for example is the FortuneJack, it has a variety of problem in terms of withdrawal so that people are having bad reviews and rating but hopefully the are working on it every time they see reports about it. So they still have those trust of the customers because of the immediate fixing of errors so the money of the customers are secured.

The profit will be slow but I think it will be a sure thing as big trusted casinos have a lot of users in their database who spend money there.

There is no easy money in this world, you really need to invest and take risk in order for you to earn profit. It is not easy but in the end, the results are very worth it. Legit casinos are good source of profit because if you really want to invest in gambling, they're always there.
legendary
Activity: 3066
Merit: 1312
February 07, 2020, 06:41:59 AM
#17
I'm not a type of investor on a gambling site, but afaik it worth the risk since the house always win but it will take long time till you make a nice profit from the investment unless you put a huge amount of money. Anyway just a small correction, not all sites listed on dicesites.com accepts investment such as primedice and yolodice.
legendary
Activity: 3136
Merit: 1233
Leading Crypto Sports Betting & Casino Platform
February 07, 2020, 06:18:30 AM
#16
I think that it was worth in the past when the crypto casinos had their boom a few years ago.I think it still is but not in the same level as few years before.In the long run if you invest like 10 Btc in a highly reputable crypto casino probably you will be in profit.

The profit will be slow but I think it will be a sure thing as big trusted casinos have a lot of users in their database who spend money there.
legendary
Activity: 1876
Merit: 1157
February 07, 2020, 06:07:33 AM
#15
When I first saw the thread I though you were talking about investing in new gambling sites who are just starting out. I thought to myself how is that any different from ICO/IEO.
I am glad to see well renowned names on that list.

Just to make sure I understood the site properly. The first site that needs investments is bustadice. A total investment of 4,926 BTC is needed which can make the investors a profit of 1,278.7 BTC.
Did I interpret this properly?
That BR means it is just the bankroll amount. That is the money the site has which investors have invested to support the betting operation for site. On this investment, the profit made by investors since the beginning is 1278 BTC.
That is not the investment needed. That would be humungous. Though what i don't get is then why wouldn't more and more people be doing that? Like Ultra mentioned in comment above,a 50% return in a year is huge. (though not in 2016 surely  Wink).
legendary
Activity: 2730
Merit: 7065
Farewell, Leo. You will be missed!
February 07, 2020, 04:52:43 AM
#14
When I first saw the thread I though you were talking about investing in new gambling sites who are just starting out. I thought to myself how is that any different from ICO/IEO.
I am glad to see well renowned names on that list.

Just to make sure I understood the site properly. The first site that needs investments is bustadice. A total investment of 4,926 BTC is needed which can make the investors a profit of 1,278.7 BTC.
Did I interpret this properly?
legendary
Activity: 2898
Merit: 1253
Call your grandparents and tell them you love them
February 07, 2020, 04:49:37 AM
#13
Bankroll investment IS a long term investment like more than 2-3 years is ideal.

I have tried the crypto-games bitcoin investment for 1year turning my 0.1 BTC to 0.15 BTC approximately leaving out the small withdrawal fee. This was back in 2016 when bitcoin price will still below 1k USD. So if you have some excess coins laying around in wallet and want to take the risk and allow them to grow a bit while you take a time out from trading on them then it is a good option to go for.

Possible risks are (in general):
1. Site goes out of business one fine day.
2. Site turns scam. Again this is a general risk. Crypto games is a very trusted site, but I am speaking in general.
3. Site bankroll robbery/hack
4. The coin you invested is not immediately divestable without a early withdrawal penalty fee.

Does a high roller matter to the investors? Essentially No. Because the long term simulation of any EV- game is profit for the casino/investors and loss for the players. Since you are in it for the long term, you are essentially covered from long term losses. On short term you may see some losses in balance sheet, but keep patience and you will see figures go up.
hero member
Activity: 1274
Merit: 519
Coindragon.com 30% Cash Back
February 07, 2020, 04:25:18 AM
#12
Code:
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 the short term, I think not.

I guess even if you are part of the house bankroll the house still wins.  Grin.  It might be worth it if you are investing a huge amount of money, even though the house has a higher edge over players you must not cross out the risk that you are investing in a gambling site and the risk of the house losing is still possible by the time you have invested. Any investment is a gamble and you should also consider the platform you are investing in, the number of players should be taken into account and when investing.

Quote
Partnership is not supposed to be one-sided, there must be a connection as always to avoid money losses because of being greedy when it comes to profits.

Investing as part of the house will mean you also accept the risk of losing your funds alongside the house since you will be sharing the risk as an investor. That is why it is not an investment you should consider if you are planning to invest everything you have hoping for sure profit because no investment guarantees this, risk will always be eminent.
legendary
Activity: 2464
Merit: 1145
FOCUS
February 07, 2020, 04:04:00 AM
#11
Investing in a gambling site is one of my options when the time I am still investing and It seems to be a good investment though, A long term investment should be fine and the 2% fee will be covered by the profits you make over a long time, I think it has a higher chance of gaining profit from investing on a gambling site than investing it to ICO/IEO I think. A lot of traffic on a gambling site means there's a lot of possibilities that you can earn more profit from it.

If I have still the money to invest I would really like to try investing in it.



Whoaa It's my first time to see that user and seeing that kind of badge  Shocked
hero member
Activity: 1400
Merit: 571
February 07, 2020, 03:49:50 AM
#10
The answer will depends on two things, if the gambling site that you are going to invest is well known, the profits will be surely put inside you wallet every single day, but if you are going to invest in gambling site where it is just starting, the profits is not guaranteed that will come fast but there is still profits on it, there is no doubt about that. I suggest that if you don't know the owner of the gambling site personally, or he doesn't give any assurance for your peace of mind before investing, don't risk your money on it.

Partnership is not supposed to be a one-sided, there must be a connection as always to avoid money losses because of being greedy when it comes to profits.
hero member
Activity: 2996
Merit: 600
Eloncoin.org - Mars, here we come!
February 07, 2020, 03:43:43 AM
#9
I think there's a guy that's posting his bankroll casino investments before and he's updating it weekly. I can't remember the name of that guy but he has invested to various casinos like crypto-games and other popular casinos. But, he's not updating anymore nor posting it here or maybe I'm just missing him. What I've understand with this kind of investment, you should be patient and the money you will invest there must be a spare. It's like planting a seed and waiting for the harvest without exact time frame.
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