Investing in Bitcoin Casinos are really worth it? - page 11.

hatshepsut93

legendary

Activity: 3024

Merit: 2148

Quote from: Lanzador on September 02, 2016, 03:49:52 PM

Quote from: SyGambler on September 02, 2016, 03:48:26 PM

Quote from: rio3233 on September 02, 2016, 03:42:23 AM

I think investing in bitcoin casinos is worth for short term and it's a bit risky investing in bitcoin casino for long term, but the important is find a good casino first before you invest,

you are so wrong and probably you aren't an investor yourself
in the short term you will only win or lose small fractions , which doesn't worth the try
but investing in gambling when you have a small edge will make you money only in the long run , cause there is much variance

for me I only consider my yearly results when it comes to investing in gambling sites , and it's better than leaving my coins in a wallet

You are also wrong. In the short term you can win or lose big, due to variance - so it's not simply that it's not worth the effort, it's just not likely to be worth the effort. In the long run, however, your profit will correlate with the house edge of the casino in question

Well, in short term anything can happen, you can get big or small profit or big/small loss, but it's all about the long run, where you expect to see profit. As for risks, it's better to look on bankroll size, max allowed win, as well as reputation of the house and some other factors of their business.

SyGambler

legendary

Activity: 2436

Merit: 1804

guess who's back

Quote from: Lanzador on September 02, 2016, 03:49:52 PM

Quote from: SyGambler on September 02, 2016, 03:48:26 PM

Quote from: rio3233 on September 02, 2016, 03:42:23 AM

I think investing in bitcoin casinos is worth for short term and it's a bit risky investing in bitcoin casino for long term, but the important is find a good casino first before you invest,

you are so wrong and probably you aren't an investor yourself
in the short term you will only win or lose small fractions , which doesn't worth the try
but investing in gambling when you have a small edge will make you money only in the long run , cause there is much variance

for me I only consider my yearly results when it comes to investing in gambling sites , and it's better than leaving my coins in a wallet

You are also wrong. In the short term you can win or lose big, due to variance - so it's not simply that it's not worth the effort, it's just not likely to be worth the effort. In the long run, however, your profit will correlate with the house edge of the casino in question

nope , cause it's more like compounding results especially when you are an average investor " affords something like 1 btc "
just remember that it's very rare to take a huge win or lose , cause most of the repu sites already have tons of bitcoins
and your share of the bankroll most of the time won't bring big results

Lanzador

full member

Activity: 140

Merit: 100

Quote from: SyGambler on September 02, 2016, 03:48:26 PM

Quote from: rio3233 on September 02, 2016, 03:42:23 AM

I think investing in bitcoin casinos is worth for short term and it's a bit risky investing in bitcoin casino for long term, but the important is find a good casino first before you invest,

you are so wrong and probably you aren't an investor yourself
in the short term you will only win or lose small fractions , which doesn't worth the try
but investing in gambling when you have a small edge will make you money only in the long run , cause there is much variance

for me I only consider my yearly results when it comes to investing in gambling sites , and it's better than leaving my coins in a wallet

You are also wrong. In the short term you can win or lose big, due to variance - so it's not simply that it's not worth the effort, it's just not likely to be worth the effort. In the long run, however, your profit will correlate with the house edge of the casino in question

SyGambler

legendary

Activity: 2436

Merit: 1804

guess who's back

Quote from: rio3233 on September 02, 2016, 03:42:23 AM

I think investing in bitcoin casinos is worth for short term and it's a bit risky investing in bitcoin casino for long term, but the important is find a good casino first before you invest,

you are so wrong and probably you aren't an investor yourself
in the short term you will only win or lose small fractions , which doesn't worth the try
but investing in gambling when you have a small edge will make you money only in the long run , cause there is much variance

for me I only consider my yearly results when it comes to investing in gambling sites , and it's better than leaving my coins in a wallet

bithasher

hero member

Activity: 700

Merit: 500

It really worth to invest in bitcoin casinos because we all are aware of the fact that house always win except rare cases. All you need some decent amount to get some reasonable profit and of course taking in consideration risks of loosing investment. If you are attached with well established casino then it really worth, most probably you will be in profit in the end.

JasonXG

hero member

Activity: 770

Merit: 500

If the casino is doing well enough and use good advertising and contnuely have new players and promos to attract them with then certainly it is well worth it. You can make nice profits over long term. Just deposit and forget about it.

raaajlucky

hero member

Activity: 532

Merit: 500

Quote from: trafficolaa on September 02, 2016, 03:43:56 AM

Quote from: CloudStrife on September 01, 2016, 08:09:02 PM

This is not the kind of investment I would do, to be honest. But it depends on the type of investment and risk that you are willing to take. As someone said, you are sharing with the house not only gains, but also losses that may eventually occur.

Yeah, that is investment is also risky and it don't make only profit for investors, so anyone going to make invest any amount than he is agree to share profit/loss with the house, in gambling anything is possible because a big whale can beat the whole house and if he lost than investors will make very good profit.

I followed some thread regarding this topic, what I found their means only few casino site's are making a good profit that too 2 or 3 sites that's it not more. Rest of all lose only. So at this time how can we trust in bitcoin casinos? Yes here everyone must share profit/loss with house owners. So I think investing in bitcoin casino is bit risk.

hua_hui

legendary

Activity: 1386

Merit: 1016

Quote from: ethereumhunter on September 02, 2016, 10:23:32 AM

Quote from: Patatas on August 06, 2016, 12:40:30 AM

Quote from: ethereumhunter on August 05, 2016, 11:46:05 PM

my suggestion is be careful to select the site, choose only if that site is trust and recommended by people because if you choose the wrong site then that site maybe would scam you. there many recommended site that you can find on here, including of review from member which invest their bitcoin on that site.

Trusted site as in you mean crypto-games.net Wink

Quote from: ethereumhunter on August 05, 2016, 11:46:05 PM

but my suggestion is, why you not try to invest your bitcoin on lending in market exchange? i know its small profit, but all in all you can get profit Grin

You think lending is a safe investment ? 95% of the lending requests threads are simply scams.Investment in gambling sites is way better in terms of security and profits.

it just on my mind and i do lending in market exchange and yes i made small profit only but its ok for me i think. maybe later i will invest on gambling site on the site you mention it Grin

Each methods sure will have its own advantage and disadvantage. I have yet to lend btc to people but i have invested in casino gambling. Recently, most of the casino are in the red zone so be careful.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: Patatas on August 06, 2016, 12:40:30 AM

Quote from: ethereumhunter on August 05, 2016, 11:46:05 PM

my suggestion is be careful to select the site, choose only if that site is trust and recommended by people because if you choose the wrong site then that site maybe would scam you. there many recommended site that you can find on here, including of review from member which invest their bitcoin on that site.

Trusted site as in you mean crypto-games.net Wink

Quote from: ethereumhunter on August 05, 2016, 11:46:05 PM

but my suggestion is, why you not try to invest your bitcoin on lending in market exchange? i know its small profit, but all in all you can get profit Grin

You think lending is a safe investment ? 95% of the lending requests threads are simply scams.Investment in gambling sites is way better in terms of security and profits.

it just on my mind and i do lending in market exchange and yes i made small profit only but its ok for me i think. maybe later i will invest on gambling site on the site you mention it Grin

Dr.Osh

legendary

Activity: 2758

Merit: 1004

Buzz App - Spin wheel, farm rewards

Quote from: zend7 on September 02, 2016, 01:11:56 AM

Quote from: BTCevo on September 02, 2016, 12:52:46 AM

Quote from: Indrawan77 on September 01, 2016, 09:56:27 PM

I think its a good idea investing in casino, most of the casino i invested is making profit, and as i know bitcoin casino keep coming out, so its mean casino is a profitable company, eventhough not everyday you are going to make profit but for a longterm it is profitable

Yeah thats true because casino doesnt open it for nothing to entertain people. Of course they want to get profit because this is business and more over there is house edge which is benefit for them to get more profit in the end

Usually casinos have profit and if they accept investments it means they are not ready to take all of the losses from their own portfolio. They just want to feel a bit more secure if some big whale hits them. Until now I have not seen anyone that have invested in casinos going into negative territory for a longer term. Casino is built to make owners profit so if they allow invest just because of their fears we should invest into them and see what happens. You can always opt out from your investment when you see it does not suit you.

Some people already invested on casinos and it seems profitable to them. Well, you just need to contact the owner and check their growth from time to time and review of the people who already invested there. Just be ready to lose your money, but usually you can get some profits.

trafficolaa

legendary

Activity: 1008

Merit: 1000

Quote from: CloudStrife on September 01, 2016, 08:09:02 PM

This is not the kind of investment I would do, to be honest. But it depends on the type of investment and risk that you are willing to take. As someone said, you are sharing with the house not only gains, but also losses that may eventually occur.

Yeah, that is investment is also risky and it don't make only profit for investors, so anyone going to make invest any amount than he is agree to share profit/loss with the house, in gambling anything is possible because a big whale can beat the whole house and if he lost than investors will make very good profit.

rio3233

sr. member

Activity: 434

Merit: 250

I think investing in bitcoin casinos is worth for short term and it's a bit risky investing in bitcoin casino for long term, but the important is find a good casino first before you invest,

goldcoinminer

hero member

Activity: 952

Merit: 500

Quote from: ultrloa on September 02, 2016, 01:28:15 AM

Quote from: zend7 on September 02, 2016, 01:11:56 AM

Quote from: BTCevo on September 02, 2016, 12:52:46 AM

Quote from: Indrawan77 on September 01, 2016, 09:56:27 PM

I think its a good idea investing in casino, most of the casino i invested is making profit, and as i know bitcoin casino keep coming out, so its mean casino is a profitable company, eventhough not everyday you are going to make profit but for a longterm it is profitable

Yeah thats true because casino doesnt open it for nothing to entertain people. Of course they want to get profit because this is business and more over there is house edge which is benefit for them to get more profit in the end

Usually casinos have profit and if they accept investments it means they are not ready to take all of the losses from their own portfolio. They just want to feel a bit more secure if some big whale hits them. Until now I have not seen anyone that have invested in casinos going into negative territory for a longer term. Casino is built to make owners profit so if they allow invest just because of their fears we should invest into them and see what happens. You can always opt out from your investment when you see it does not suit you.

And thats the reason they open up an investment structure for their site so they can shoulder the payment's if their gamblers win huge amount on their games because actually house's doesn't gaurantee to win most all of the time since there are still chance for players to hit those jackpots and investment is there counter measure so they're business will still running if bad odds will slap against them, but on the other hand i think it is good to invest in casino or gambling site since mostly the winner on the long run in gambling is only the house.

My idea is they are letting the public invest because they want to grow their bankroll and to attract more gamblers, a site is popular if they have a big limit on bets just like we see in primedice where they were able to pay big winners but unfortunately they are not accepting investors.

ultrloa

legendary

Activity: 2758

Merit: 1228

Quote from: zend7 on September 02, 2016, 01:11:56 AM

Quote from: BTCevo on September 02, 2016, 12:52:46 AM

Quote from: Indrawan77 on September 01, 2016, 09:56:27 PM

I think its a good idea investing in casino, most of the casino i invested is making profit, and as i know bitcoin casino keep coming out, so its mean casino is a profitable company, eventhough not everyday you are going to make profit but for a longterm it is profitable

Yeah thats true because casino doesnt open it for nothing to entertain people. Of course they want to get profit because this is business and more over there is house edge which is benefit for them to get more profit in the end

Usually casinos have profit and if they accept investments it means they are not ready to take all of the losses from their own portfolio. They just want to feel a bit more secure if some big whale hits them. Until now I have not seen anyone that have invested in casinos going into negative territory for a longer term. Casino is built to make owners profit so if they allow invest just because of their fears we should invest into them and see what happens. You can always opt out from your investment when you see it does not suit you.

And thats the reason they open up an investment structure for their site so they can shoulder the payment's if their gamblers win huge amount on their games because actually house's doesn't gaurantee to win most all of the time since there are still chance for players to hit those jackpots and investment is there counter measure so they're business will still running if bad odds will slap against them, but on the other hand i think it is good to invest in casino or gambling site since mostly the winner on the long run in gambling is only the house.

chixka000

hero member

Activity: 910

Merit: 500

Quote from: calkob on June 10, 2016, 01:48:10 PM

I invested in satoshi dice once and mad a decent profit, but the fact is you have no control over your bitcoin and if they decide to disappear with your bitcoin there isnt much you can do about it. I wouldnt and didnt invest anymore than i was willing to lose.

Absolutely, this barely happens to this industry. They can easily run away if they wanted to because we havent signed any contract with them that makes them think the there would be no liable cause for them

zend7

hero member

Activity: 658

Merit: 501

Hackers please hack me .... if you can :)

Quote from: BTCevo on September 02, 2016, 12:52:46 AM

Quote from: Indrawan77 on September 01, 2016, 09:56:27 PM

I think its a good idea investing in casino, most of the casino i invested is making profit, and as i know bitcoin casino keep coming out, so its mean casino is a profitable company, eventhough not everyday you are going to make profit but for a longterm it is profitable

Yeah thats true because casino doesnt open it for nothing to entertain people. Of course they want to get profit because this is business and more over there is house edge which is benefit for them to get more profit in the end

Usually casinos have profit and if they accept investments it means they are not ready to take all of the losses from their own portfolio. They just want to feel a bit more secure if some big whale hits them. Until now I have not seen anyone that have invested in casinos going into negative territory for a longer term. Casino is built to make owners profit so if they allow invest just because of their fears we should invest into them and see what happens. You can always opt out from your investment when you see it does not suit you.

BTCevo

legendary

Activity: 1834

Merit: 1008

Quote from: Indrawan77 on September 01, 2016, 09:56:27 PM

I think its a good idea investing in casino, most of the casino i invested is making profit, and as i know bitcoin casino keep coming out, so its mean casino is a profitable company, eventhough not everyday you are going to make profit but for a longterm it is profitable

Yeah thats true because casino doesnt open it for nothing to entertain people. Of course they want to get profit because this is business and more over there is house edge which is benefit for them to get more profit in the end

futurebit640

hero member

Activity: 910

Merit: 1000

Quote from: Indrawan77 on September 01, 2016, 09:56:27 PM

I think its a good idea investing in casino, most of the casino i invested is making profit, and as i know bitcoin casino keep coming out, so its mean casino is a profitable company, eventhough not everyday you are going to make profit but for a longterm it is profitable

In which and all casino's you are invested please mentions sites here. It will help other investors also. Because all sites will not make a profit only reputed sites can give good profit. So if you place the sites names means people will check, and they also make some profit. And yes it is profitable, but it takes too much time.

Indrawan77

hero member

Activity: 1274

Merit: 516

I think its a good idea investing in casino, most of the casino i invested is making profit, and as i know bitcoin casino keep coming out, so its mean casino is a profitable company, eventhough not everyday you are going to make profit but for a longterm it is profitable

Finestream

hero member

Activity: 3052

Merit: 606

Quote from: fullypak on September 01, 2016, 08:18:32 PM

Quote from: CloudStrife on September 01, 2016, 08:09:02 PM

This is not the kind of investment I would do, to be honest. But it depends on the type of investment and risk that you are willing to take. As someone said, you are sharing with the house not only gains, but also losses that may eventually occur.

Casino houses are doing business not distributing money to investors so they want people who can share both their losses as well as profits. Even other than casino investments also got a chance of losing our money so all investments have their won risks to manage. You should invest in a product which suits your risk factor.

Definitely, their main concern is money and they are gonna do all things to stay profitable, we as gamblers are only here to abide the rules of the game and we are bound to lose so we just have to enjoy it to get the worth of our money. Is is hard to win but accepting your defeat is necessary to move on.

Topic: Investing in Bitcoin Casinos are really worth it? - page 11. (Read 20439 times)