Gambling Site's Investing (Is it worth it?) - page 9.

Yatsan

legendary

Activity: 2576

Merit: 1252

Leading Crypto Sports Betting & Casino Platform

Quote from: semobo on February 07, 2020, 01:26:17 AM

Bankroll investment on gambling site's are somewhat less risky compared to all other form of investment plans because we all knows that house has better chance of winning than players in long run so if you are going to keep your capital there for long you can make more money but I don't think it will suit for anyone who want to multiply their capital.

For who this investment will suits better: One who have lot of savings to survive their life and got lot of crypto sleeping in their wallet can got for this.

This is going to be good if you want to divide your asset and spread your investments, that is the basic's if you want to be a great investor! Divide your funds for short and long term investing, maybe some is going to be for trading and some is for holding. Personally as I've created this topic I want to invest and before that I want to hear first on those people that try it, so after that I can decide. And in additional having a decent amount of bitcoin in this kind of investment is big deal considering that, your profit will depends on how much is your going to invest.

Quote from: cryptoaddictchie on February 07, 2020, 12:59:31 AM

The idea is nice actually. Lots of people are into gambling so the chances to win (earn and profit) is also good. IMO, most related to gambling even though it isnt cryptocureency always win by the house. I never tried this before and probably never will. I am not a full time gambler and just doing sometime to enjoy myself. Being on the house also is gonna be a tough decision for me. Maybe I will just be forever on the player side.

Yes, it is related to gambling so there will be still a risk, but I think the risk is lowered by this type of investment Wink

Quote from: cryptoaddictchie on February 07, 2020, 12:59:31 AM

Nice Trivia OP, but his badge isnt show anymore. Also he is not active anymore here.

Yeah, he is not active here anymore. But I am still seeing his badge maybe there's a bug, or somehow his badge is not showing on some part of the forum.

ralle14

legendary

Activity: 3374

Merit: 1922

Shuffle.com

I used to have an investment in a casino, its worth it if you have a significant amount to invest but if we're talking about all casinos maybe not because of their structure in risking the bankroll and how quickly the profit could swing depending on the risks allowed. The 2% is not that big of a downside if you manage to invest in a good casino you can quickly recover that fee within a few weeks or month depends on how lucky the investors get on the start of their investment.

semobo

full member

Activity: 1498

Merit: 146

Bankroll investment on gambling site's are somewhat less risky compared to all other form of investment plans because we all knows that house has better chance of winning than players in long run so if you are going to keep your capital there for long you can make more money but I don't think it will suit for anyone who want to multiply their capital.

For who this investment will suits better: One who have lot of savings to survive their life and got lot of crypto sleeping in their wallet can got for this.

shoreno

full member

Activity: 1750

Merit: 118

Quote from: blckhawk on February 07, 2020, 01:07:30 AM

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 .

Quote from: blckhawk on February 07, 2020, 01:07:30 AM

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 )

blckhawk

sr. member

Activity: 1554

Merit: 334

Similar to investing stocks/shares to a company. Once the company you ibvested in lose market profit, their stock price also goes down. This is somewhat a similar idea, but you're just taking a percentage cut directly into their sales.

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. Though before investing, always check the legitimacy of the site. They might use mock customers that they'll consider losing, when there's no actual losers in the platform or even players, and just have the funds of investors taken off.

cryptoaddictchie

legendary

Activity: 2268

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Fully Regulated Crypto Casino

The idea is nice actually. Lots of people are into gambling so the chances to win (earn and profit) is also good. IMO, most related to gambling even though it isnt cryptocureency always win by the house. I never tried this before and probably never will. I am not a full time gambler and just doing sometime to enjoy myself. Being on the house also is gonna be a tough decision for me. Maybe I will just be forever on the player side.

Nice Trivia OP, but his badge isnt show anymore. Also he is not active anymore here.

CryptopreneurBrainboss

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eXch.cx - Automatic crypto Swap Exchange.

I haven't invested although I'm interested in making such investment and when I do it won't be a short term investment instead for the long-term. The benefits as you have stated is very tempting since you don't bother amount winning or not losing a bet to profit so I can't ask for a better earning opportunity.

I was once advice by one of the individual (Investor) I adore, he said that when two teams plays a game (he was referring to football) that there's someone that always win irrespectively of the outcome of that game which obviously isn't the players or club playing but the tickets seller. The same advice can be applied here since the chances of the house to win is more than that of the hundreds of players constantly playing. Thanks for the link shared, I'll check it out.

Yatsan

legendary

Activity: 2576

Merit: 1252

Leading Crypto Sports Betting & Casino Platform

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.

Small trivia:
the owner of that website is NLNico and the only person here that have The Glider(hacker symbol) badge

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

Topic: Gambling Site's Investing (Is it worth it?) - page 9. (Read 1671 times)