Instead of Gambling Invest in the BANKROLL - page 6.

Kiweikoo

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Quote from: squatz1 on June 03, 2019, 11:52:11 AM

I know people in this subection are probably going to be against this sort of rhetoric, though I know that most people here are avid gamblers. Which is fine, though there is a problem that arises when you gamble all the time -- you're not going to be making any money, and all you're doing is losing.

Wouldn't you much rather invest in the bankroll of a gambling website, so you'd be able to make some money off of people like you?

I do understand that there is risk in giving other people access to your BTC (or whatever coin you choose) though that same risk is present when you gamble and put coins on the platform.

I do not really agree with your statements because not all of the gamblers in the gambling market fail to make money. Many gamblers go home with lots of money in their pockets and many people enjoy and win every time they get in gambling but it is not a bad idea to invest in other ventures as well and if you invest in solid ideas and assets, you might make more money that others at gambling.

Shinpako09

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That's what I really wanted to do before but I did not. Maybe because, you're just gonna invest a not so big amount and I know the return is small as well. I mean you can't turn that small amount into big in a short period of time compared if you get lucky in playing. Plus it's not a guaranteed profit, that if you invested, you're just waiting for ROI daily, weekly, monthly, yearly. So i'd rather take control on my coins.

DoublerHunter

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Quote from: Betwrong on June 04, 2019, 04:53:00 AM

Quote from: squatz1 on June 03, 2019, 12:34:10 PM

~

So why try to beat someone that's going to inevitably beat you when you can just win by investing in them.

Also, when you gamble you know that you can lose so you are risking only the money you can afford to lose. But if you think you will surely win by investing in a gambling site, you can lose a really huge amount of money, like that gambler who relies on some "strategy that works".

Investing in the gambling industry for me it seems like you are also gambling your money. They are both risks even you are investing on site that you don't know you will lose in the future or live happily ever after. ^ And you are right if investing in gambling site was so profitable maybe crypto enthusiast will stop trading cryptocurrency just only investing in a gambling site, but the fact is a big no.

Betwrong

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Quote from: squatz1 on June 03, 2019, 12:34:10 PM

~

So why try to beat someone that's going to inevitably beat you when you can just win by investing in them.

If it was that simple, people would stop working and would invest all their money in gambling sites and would live happily ever after. But it is not that simple. Even established gambling sites lose money during some periods of time, let alone newly appeared ones that go out of business one by one.

Also, when you gamble you know that you can lose so you are risking only the money you can afford to lose. But if you think you will surely win by investing in a gambling site, you can lose a really huge amount of money, like that gambler who relies on some "strategy that works".

omonuyak

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Gambling has made some people rich and for those unlucky one they have made serious lose and now in debt. The house are still there and that means the house make money than the gamblers. Bankrolling is another opportunity for us to share the profits with the House. It is good you reduce your risk if you know that you cannot face the risk in gambling.

btc78

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Quote from: Indamuck on June 03, 2019, 12:45:03 PM

If I wanted to do that I would rather go and try to start my own casino instead. It doesn't take much starting capital to make your own online casino and it is one of the best business models because you are guaranteed to make a profit. Nothing like real life casinos that require a lot of money to run.

Yeah you may right that having own casino site is not need big capital but maintaining the site is one hard task that many has failed
Because if this is that easy as what you said then all gambling sites should be successful by now?But it’s not because more than many of them are closing or ending up scamming for the reason of harder for maintaining

TheCoinGrabber

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Quote from: squatz1 on June 03, 2019, 11:52:11 AM

I know people in this subection are probably going to be against this sort of rhetoric, though I know that most people here are avid gamblers. Which is fine, though there is a problem that arises when you gamble all the time -- you're not going to be making any money, and all you're doing is losing.

Wouldn't you much rather invest in the bankroll of a gambling website, so you'd be able to make some money off of people like you?

I do understand that there is risk in giving other people access to your BTC (or whatever coin you choose) though that same risk is present when you gamble and put coins on the platform.

Are there particular casinos you can suggest? A bit embarrassing to admit but I haven't thought of this before.

How does the process go? Do you simply send them money or are there papers you have to collect first for the process?

sunsilk

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Quote from: harizen on June 03, 2019, 05:50:49 PM

Don't want to test waters on random sites just to try the bankroll investments.

Yeah, don't do that. Invest only to casinos that has built their reputation in the community just like bustadice.

Quote from: leowonderful on June 03, 2019, 07:06:26 PM

though I'm not sure how they're doing recently and even whether or not the site still allows you to invest into the bankroll.

I think they are still allowing it because it's on their faq.

https://www.crypto-games.net/faq

leowonderful

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It's still good to remember there's still risk involved in investing in the bankroll of a casino. A whale winning large amounts of money can easily wipe you out if you're leveraged on your investment on a site that has such an option, though you will indeed see slow but steady gains most of the time due to the fact that most games are -EV and house edge is at work on all casinos. I used to invest in Crypto-Games and they produced good gains with how well the site's bankroll was managed, though I'm not sure how they're doing recently and even whether or not the site still allows you to invest into the bankroll.

feryjhie

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Quote from: Indamuck on June 03, 2019, 01:13:50 PM

I'm talking about just opening a crypto only casino, software is basically free, no need for compliance and regulations when you operate in a good country. I've been around this game for years, I know what these guys have to spend to open these casinos. Its virtually nothing and they know how to do the work around.

i think if you just using the free software it will be risky because you don't know if that software has no bug
based on this article https://www.softgamings.com/blog/online-casino-script/ the minimum total i think it will take around 50k$

harizen

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Quote from: squatz1 on June 03, 2019, 11:52:11 AM

Wouldn't you much rather invest in the bankroll of a gambling website, so you'd be able to make some money off of people like you?

The idea of investing in a gambling site's bankroll is really good. Gambling sites obviously will make profits in the long run. I really preferred that as one of a good method to earn BTC back then. Did that in just-dice, Moneypot as an example for years but all I can say is, the rewards are not good for the spent time. The number of users on these sites decreases as time passes by even they start to have a decent number of users on their peak.

Popular and reputable sites don't need to add this feature as it wasn't necessary anymore. Miss the old days where bankroll investment is quite popular.

Quote from: squatz1 on June 03, 2019, 11:52:11 AM

I do understand that there is risk in giving other people access to your BTC (or whatever coin you choose) though that same risk is present when you gamble and put coins on the platform.

The risk is not the same. We do bet on popular and reputable sites. On the other hand, as I mentioned above, most of these sites don't have a bankroll investment feature.

Don't want to test waters on random sites just to try the bankroll investments.

samcrypto

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Vave.com - Crypto Casino

Quote from: Indamuck on June 03, 2019, 01:06:09 PM

Quote from: Wendigo on June 03, 2019, 12:51:29 PM

Quote from: Indamuck on June 03, 2019, 12:45:03 PM

If I wanted to do that I would rather go and try to start my own casino instead. It doesn't take much starting capital to make your own online casino and it is one of the best business models because you are guaranteed to make a profit. Nothing like real life casinos that require a lot of money to run.

Are you sure about that? Grin

Yes I'm sure, if you want to refute that with your reasons your open to do so.

Well, you must be rich on making your own crypto casino and that’s why its easy for you but as far as I know you must have a good capital to become a good crypto casino and not just for the sake of making money. If you invested small, then I doubt people will play with your site. Its better to gamble and have more investment, bankroll is good but playing is to have more fun.

carlfebz2

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Quote from: shield132 on June 03, 2019, 05:04:35 PM

Quote from: squatz1 on June 03, 2019, 11:52:11 AM

I know people in this subection are probably going to be against this sort of rhetoric, though I know that most people here are avid gamblers. Which is fine, though there is a problem that arises when you gamble all the time -- you're not going to be making any money, and all you're doing is losing.

Wouldn't you much rather invest in the bankroll of a gambling website, so you'd be able to make some money off of people like you?

I do understand that there is risk in giving other people access to your BTC (or whatever coin you choose) though that same risk is present when you gamble and put coins on the platform.

There is a limited number of casinos which offer investments in their bankroll and there is a reason: You can't prove that you are fair with investors because when you are owner, you know server seeds and can register and win as much as you wish which will automatically leads to loss for investors. I don't say some casinos do it but still this is the reason of why there is a limited number of investments welcome casinos.
Btw on another hand it's not much profitable to invest in casinos because they take additional fee from investors too in order to cover server/suppory and etc fees.

Possible but wont really be that frequent because gambling site owners will foreseen their business on long term aspect rather than on going or cheating on short time.They know that once
they do hit up the popularity then profitability would be next.It isnt bad to seek out for investors but you would really need some credibility before you would able to attain it.
Investing on gambling sites bankroll does really give small profits.

shield132

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Quote from: squatz1 on June 03, 2019, 11:52:11 AM

I know people in this subection are probably going to be against this sort of rhetoric, though I know that most people here are avid gamblers. Which is fine, though there is a problem that arises when you gamble all the time -- you're not going to be making any money, and all you're doing is losing.

Wouldn't you much rather invest in the bankroll of a gambling website, so you'd be able to make some money off of people like you?

I do understand that there is risk in giving other people access to your BTC (or whatever coin you choose) though that same risk is present when you gamble and put coins on the platform.

There is a limited number of casinos which offer investments in their bankroll and there is a reason: You can't prove that you are fair with investors because when you are owner, you know server seeds and can register and win as much as you wish which will automatically leads to loss for investors. I don't say some casinos do it but still this is the reason of why there is a limited number of investments welcome casinos.
Btw on another hand it's not much profitable to invest in casinos because they take additional fee from investors too in order to cover server/suppory and etc fees.

squatz1

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Quote from: Indamuck on June 03, 2019, 01:13:50 PM

Quote from: squatz1 on June 03, 2019, 01:09:01 PM

Quote from: Indamuck on June 03, 2019, 12:45:03 PM

If I wanted to do that I would rather go and try to start my own casino instead. It doesn't take much starting capital to make your own online casino and it is one of the best business models because you are guaranteed to make a profit. Nothing like real life casinos that require a lot of money to run.

https://www.casino.org/blog/how-much-does-it-cost-to-start-your-own-casino/

So what you're saying is that you have about (and this is a conservative number) $1-2 million to pay for licensing cost, software, attorney fees, international banks, international credit card merchants, compliance and so on and so forth?

There's no way you have that amount.

An online crypto casino costs nowhere near that, sounds like casinos trying to discourage more people from starting their own casinos, doing anything to lessen the competition.

I'm talking about just opening a crypto only casino, software is basically free, no need for compliance and regulations when you operate in a good country. I've been around this game for years, I know what these guys have to spend to open these casinos. Its virtually nothing and they know how to do the work around.

Ok lets make that number half, or even 1/4th of the earlier number. Lets say you're able to find some of the best coders for the cheapest prices, you've good some good cheap lawyers, and so on and so forth.

Even at that, you're sitting in the range of having 250k-500k liquid to set this all up. That's not even talking about the site bankroll and continued marketing.

You're going to have to spend at least 10k a month for marketing, then more for salaries for support staff and such.

dunfida

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Quote from: squatz1 on June 03, 2019, 11:52:11 AM

Wouldn't you much rather invest in the bankroll of a gambling website, so you'd be able to make some money off of people like you?

Main reason? Profitability.

We all know that investing on Sites bankroll wont really give out big returns on a short period of time and most people doesnt really
prefer on looking at that way and thats the reason why they do gamble instead even knowing the risk of losing money is much more higher.

Indamuck

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Quote from: squatz1 on June 03, 2019, 01:09:01 PM

Quote from: Indamuck on June 03, 2019, 12:45:03 PM

If I wanted to do that I would rather go and try to start my own casino instead. It doesn't take much starting capital to make your own online casino and it is one of the best business models because you are guaranteed to make a profit. Nothing like real life casinos that require a lot of money to run.

https://www.casino.org/blog/how-much-does-it-cost-to-start-your-own-casino/

So what you're saying is that you have about (and this is a conservative number) $1-2 million to pay for licensing cost, software, attorney fees, international banks, international credit card merchants, compliance and so on and so forth?

There's no way you have that amount.

An online crypto casino costs nowhere near that, sounds like casinos trying to discourage more people from starting their own casinos, doing anything to lessen the competition.

I'm talking about just opening a crypto only casino, software is basically free, no need for compliance and regulations when you operate in a good country. I've been around this game for years, I know what these guys have to spend to open these casinos. Its virtually nothing and they know how to do the work around.

Fredomago

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Quote from: webtricks on June 03, 2019, 12:40:59 PM

I agree that only small number of gamblers are actually able to make profits out of gambling but earning money is not the objective of every gambler. Fun element is primary and foremost reason of gambling. So I don't believe investing in bankroll is as enjoyable as placing bets, is it? Roll Eyes

Moreover, if earning money is actual objective then there are many other options available for investors rather than going for investment in bankrolls. Most of the casinos pay 4-5% return on bankroll at maximum. Such return is very low in crypto domain when compared to fluctuations in prices.

Cases depends on every interpretations of each gamblers, for those who are just aiming to have some fun investing with house bankroll would not be as entertaining as how they look at it, while for gamers who aiming to take some advantage, playing with casino bankroll will be enough to earned possible
passive profits.

squatz1

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Flying Hellfish is a Commie

Quote from: Indamuck on June 03, 2019, 12:45:03 PM

If I wanted to do that I would rather go and try to start my own casino instead. It doesn't take much starting capital to make your own online casino and it is one of the best business models because you are guaranteed to make a profit. Nothing like real life casinos that require a lot of money to run.

https://www.casino.org/blog/how-much-does-it-cost-to-start-your-own-casino/

So what you're saying is that you have about (and this is a conservative number) $1-2 million to pay for licensing cost, software, attorney fees, international banks, international credit card merchants, compliance and so on and so forth?

There's no way you have that amount.

Indamuck

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Quote from: Wendigo on June 03, 2019, 12:51:29 PM

Quote from: Indamuck on June 03, 2019, 12:45:03 PM

If I wanted to do that I would rather go and try to start my own casino instead. It doesn't take much starting capital to make your own online casino and it is one of the best business models because you are guaranteed to make a profit. Nothing like real life casinos that require a lot of money to run.

Are you sure about that? Grin

Yes I'm sure, if you want to refute that with your reasons your open to do so.

Topic: Instead of Gambling Invest in the BANKROLL - page 6. (Read 10856 times)