How To Invest In Somewhere And Then Play With Daily Earnings

adaseb

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Quote from: veleten on June 05, 2018, 05:11:59 AM

Quote from: adaseb on June 04, 2018, 02:18:11 AM

I have actually thought about doing something very similiar.

Basically I would be gambling with funds that were almost free and any losses would be negligiable. This way it makes the bets less emotional.

In my opinion the best way to accomplish this would be to just mine with your CPU and if you got a GPU then mine with that. Most of the modern GPUs made in the last 5 years should be adequate. If you got an R9 270 you can mine XMR and you will make like almost $1/day.

Take that $1 and do about 10 bets on 100x and if you get lucky you might win $100, if not then you just lost $1.

you only gamble profits,yes
but there is no guarantee you will be getting any
unfortunately,as overall profitable any online casino investment is
there is a risk of getting negative short term if a whale,or several whales,get lucky
an example-bustadice,there were times investors were deep in the red
so,basically,you risk twice-with your investment body and with your profits
if you want to do it this way,simply set a limit to what you can gamble per day or week and try to multiply it,without investing

Yes but the main reason why people lose money gambling is due to emotion.

IF you only gamble with profits then there is less emotion since, you got it for free essentially.

However you can still become emotional if you end up winning big and then you will have a higher steak to gamble with. And you might make stupid decisions like making all the way up to 0.99 BTC and instead of just withdrawing you keep betting till you get 1 BTC and you end up losing it all and start from scratch.

rolleth.io

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very useful, I was just looking for information on this!

BTCevo

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Quote from: adaseb on June 04, 2018, 02:18:11 AM

I have actually thought about doing something very similiar.

Basically I would be gambling with funds that were almost free and any losses would be negligiable. This way it makes the bets less emotional.

In my opinion the best way to accomplish this would be to just mine with your CPU and if you got a GPU then mine with that. Most of the modern GPUs made in the last 5 years should be adequate. If you got an R9 270 you can mine XMR and you will make like almost $1/day.

Take that $1 and do about 10 bets on 100x and if you get lucky you might win $100, if not then you just lost $1.

Agree with veleten said, there i no guarantee on such thing. Unless you can secure your income may be you can try that, but I can suggest if you try something more secure like freebitco.in which is really small amount of course but it is a solid daily earning you get there. But what is the point of gambling with your profit? Dont you think it is wasting your time? You do some investment means you want your capital to increase not stay the same forever right?

veleten

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Activity: 2016

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Quote from: adaseb on June 04, 2018, 02:18:11 AM

I have actually thought about doing something very similiar.

Basically I would be gambling with funds that were almost free and any losses would be negligiable. This way it makes the bets less emotional.

In my opinion the best way to accomplish this would be to just mine with your CPU and if you got a GPU then mine with that. Most of the modern GPUs made in the last 5 years should be adequate. If you got an R9 270 you can mine XMR and you will make like almost $1/day.

Take that $1 and do about 10 bets on 100x and if you get lucky you might win $100, if not then you just lost $1.

you only gamble profits,yes
but there is no guarantee you will be getting any
unfortunately,as overall profitable any online casino investment is
there is a risk of getting negative short term if a whale,or several whales,get lucky
an example-bustadice,there were times investors were deep in the red
so,basically,you risk twice-with your investment body and with your profits
if you want to do it this way,simply set a limit to what you can gamble per day or week and try to multiply it,without investing

adaseb

legendary

Activity: 3808

Merit: 1723

I have actually thought about doing something very similiar.

Basically I would be gambling with funds that were almost free and any losses would be negligiable. This way it makes the bets less emotional.

In my opinion the best way to accomplish this would be to just mine with your CPU and if you got a GPU then mine with that. Most of the modern GPUs made in the last 5 years should be adequate. If you got an R9 270 you can mine XMR and you will make like almost $1/day.

Take that $1 and do about 10 bets on 100x and if you get lucky you might win $100, if not then you just lost $1.

olubams

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Quote from: Red Fish on June 01, 2018, 08:53:16 AM

If you wanna play smart, you can invest somewhere and then play with your daily profit, so if you loose, next day you can tray to win. For example, you can play Dice, and if you do not win today, you can win tomorrow. Or even better, you can play on weekends, so your balance can be even larger. And when you win, just withdraw your profit. Grin

This is a good plan though but of the bank rolling options that I have seen, they either pay the earnings (if any) at the end of the week, monthly or quarterly depending on the plan that one is going for. Also, the consideration for negative retruns which is possible for a site that implements the provable fair system. But I feel its better to avoid doing both on the same site though becacise of conflict of interest when you win, you are reducing your return which could eat into your capital and vice versa when you lose.

stomachgrowls

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Quote from: Samarkand on June 01, 2018, 09:10:07 AM

Quote from: Red Fish on June 01, 2018, 08:53:16 AM

If you wanna play smart, you can invest somewhere and then play with your daily profit, so if you loose, next day you can tray to win. For example, you can play Dice, and if you do not win today, you can win tomorrow. Or even better, you can play on weekends, so your balance can be even larger. And when you win, just withdraw your profit. Grin

This is a smart plan. But what do you do when your site investment is actually decreasing
day after day when the players are getting lucky? Even though an investment in a site bankroll
is usually +EV (=has a positive expectation), you can still have a long losing streak as an investor.

If I recall it correctly, the total profit of the dice site Bustadice was negative for nearly 5 months, because a few
whales won big and it took a long time until the investors recovered their losses.

This should be take into consideration.I do know whats on the mind of OP even though he lose up money on the site on where he do invest but still he do think that he might end up on gaining profits without even thinking other players as well even the house do always end up on winning in the end but not on all times and as you said there would be always a tendency that house have -EV for a particular month which would lead up negative on both sides on your part.

slaman29

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Livecasino, 20% cashback, no fuss payouts.

Investing in crypto gambling seems to be a good idea. We see a lot of people trying and in general you see profits over the long term. But we're not talking about anything big. Long term if things go well see you maybe 10 to 15% in annual returns on average. Yes, some make 20 or 30% but others will lose, so it evens out. But can you afford to make investments at many sites? Can you afford to lose if one site closes down suddenly and runs with money? Can you afford to wait years to recover like if you experienced huge losses (I recall Moneypot seemed to do well for years until last year someone won big and then it was really deeply in red).

Ranly123

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★777Coin.com★ Fun BTC Casino!

Quote from: Red Fish on June 01, 2018, 08:53:16 AM

If you wanna play smart, you can invest somewhere and then play with your daily profit, so if you loose, next day you can tray to win. For example, you can play Dice, and if you do not win today, you can win tomorrow. Or even better, you can play on weekends, so your balance can be even larger. And when you win, just withdraw your profit. Grin

Basically that is what gamblers do. Lose now, win tomorrow but just see to it that you play with your own convenient time without compromising the needs for your daily expenses and investments.

boy130

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By only playing with your profit you limit the maximum earning amount, for example, let's say I start with 0.1 BTC, then I managed to climb to 0.12 BTC regularly, gaining 20% profit. By your logic, I would instead play with the 0.02 BTC on subsequent bets, which would eventually lead to diminishing returns.

veleten

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Quote from: Red Fish on June 01, 2018, 08:53:16 AM

If you wanna play smart, you can invest somewhere and then play with your daily profit, so if you loose, next day you can tray to win. For example, you can play Dice, and if you do not win today, you can win tomorrow. Or even better, you can play on weekends, so your balance can be even larger. And when you win, just withdraw your profit. Grin

uh,don't think it is in any way smarter than just playing with your money
you risk twice-first you are investing which can turn out to be a loss,low chance but things happen
then you suggest gambling your profit away on a daily basis,which you'd be better off saving to not waste tx fees money
also not every site allows you to divest like that,many have a lockdown period and increased comission if you do so
but yeah,if you are fine with just preserving your investment body and have a shot at some win with just the profits
and totally fine losing it,then it could work,eventually

mostkey

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Quote from: Red Fish on June 01, 2018, 08:53:16 AM

If you wanna play smart, you can invest somewhere and then play with your daily profit, so if you loose, next day you can tray to win. For example, you can play Dice, and if you do not win today, you can win tomorrow. Or even better, you can play on weekends, so your balance can be even larger. And when you win, just withdraw your profit. Grin

where did you get such a theory? said it's easy, but it's not as easy as when we play it and sometimes gambling is always beyond reason, change strategy every dayvsangatlah in need, to underlie what we expect, earn profit every day is the hope of all the gamblers

SyGambler

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guess who's back

Quote from: Red Fish on June 01, 2018, 08:53:16 AM

If you wanna play smart, you can invest somewhere and then play with your daily profit, so if you loose, next day you can tray to win. For example, you can play Dice, and if you do not win today, you can win tomorrow. Or even better, you can play on weekends, so your balance can be even larger. And when you win, just withdraw your profit. Grin

first of all you need really a big investment in order to make a little profit that worth wagering daily , investing in casinos doesn't generate money daily since you need to aim for a long period to see some results

but it's not a good idea to gamble your profits , nothing will change it's the same as gambling your money cause basically the profits you made by investing is your money now and you will be wasting it gambling

xIIImaL

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Quote from: Red Fish on June 01, 2018, 08:53:16 AM

If you wanna play smart, you can invest somewhere and then play with your daily profit, so if you loose, next day you can tray to win. For example, you can play Dice, and if you do not win today, you can win tomorrow. Or even better, you can play on weekends, so your balance can be even larger. And when you win, just withdraw your profit. Grin

Invest on daily or weekly basis, where did here smartness coming here mate. I want to invest the fund on one sports first I should know the team and players better else it is not good to win the games mate.
Then you care the about your greediness and emotions else you will be get into any problems. Then amount you are investing on any games should be think well and invest on it.

Samarkand

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Quote from: Red Fish on June 01, 2018, 08:53:16 AM

If you wanna play smart, you can invest somewhere and then play with your daily profit, so if you loose, next day you can tray to win. For example, you can play Dice, and if you do not win today, you can win tomorrow. Or even better, you can play on weekends, so your balance can be even larger. And when you win, just withdraw your profit. Grin

This is a smart plan. But what do you do when your site investment is actually decreasing
day after day when the players are getting lucky? Even though an investment in a site bankroll
is usually +EV (=has a positive expectation), you can still have a long losing streak as an investor.

If I recall it correctly, the total profit of the dice site Bustadice was negative for nearly 5 months, because a few
whales won big and it took a long time until the investors recovered their losses.

Red Fish

sr. member

Activity: 435

Merit: 251

If you wanna play smart, you can invest somewhere and then play with your daily profit, so if you loose, next day you can tray to win. For example, you can play Dice, and if you do not win today, you can win tomorrow. Or even better, you can play on weekends, so your balance can be even larger. And when you win, just withdraw your profit. Grin

Topic: How To Invest In Somewhere And Then Play With Daily Earnings (Read 252 times)