Investing in Bitcoin Casinos are really worth it? - page 13.

fullypak

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Quote from: soros017 on August 13, 2016, 09:05:49 PM

I agree that it is too risky, there are options that are more worthwhile.

All investments are come with some risks but casino investments are slightly higher risks, and you will get higher profits as well. So if you can't take such a high risks, then it is not for you, but I think over a long time it gives good profit compared to other investments. We need to watch out our investments and should take out our profits now and then to avoid any big surprises.

soros017

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I agree that it is too risky, there are options that are more worthwhile.

Lionidas

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Sure they are a lucrative business to get involved with.
I hear that moneypot is the most easiest and guaranteed way to get profit from investing into a casino.
If your into that sort of thing.
I am not so I can not really tell you much experience wise but their are plenty of folks on here that can.

Cast12

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If you are lucky, then investing in bitcoin casinos can be worth it. I'd suggest investing in casinos that allow you to win if the gambler either wins or loses.

Capradina

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Quote from: The Sceptical Chymist on August 13, 2016, 07:07:32 PM

Quote from: hua_hui on August 07, 2016, 11:25:43 PM

All these i understand too. But what i say is true, even though you say all these will affect the risk here and there, casino investment is still very risky in nature. Just like betking and moneypot, they have huge bankroll and huge daily volume but recently they are both hit quite badly. In the long run, the house edge will bring the profit back into the green. However some casino even after 1 year, they still in the red just because of a few big losses. Compare casino investment, the stocks, reits, commodities and bonds are more safe in nature.

Some casino even have option for you to choose the % of sharing profit/losses and these are kelly of different x. Bigger daily amount of wages leads to more daily profit and also losses.

And I would think bitcoin casinos would be even more profitable, since they don't have all the overhead expenses that brick and mortar ones do, and the odds are the same. Does that make sense? Any casino can get hit, but as long as it doesn't get hacked I would think the risk of investing in a bitcoin gambling site would be relatively small. It sounds like a decent thing to do, but I barely trust exchanges and know very little about the gambling sites. Just what I've read on this forum, in fact.

Yeah, it's basically a bitcoin casinos could be one place for investment. However, the results obtained are less effective and highly prone to the problem. Because casinos definitely should always perform the update and backup of the data so that it does not happen something that can harm them (Hacked). The investment is the closest thing we want, but we must also look for the safest investment and profitable. I'm not talking if casinos were bad, but better you should do some research first before investing

The Sceptical Chymist

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Top Crypto Casino

Quote from: hua_hui on August 07, 2016, 11:25:43 PM

All these i understand too. But what i say is true, even though you say all these will affect the risk here and there, casino investment is still very risky in nature. Just like betking and moneypot, they have huge bankroll and huge daily volume but recently they are both hit quite badly. In the long run, the house edge will bring the profit back into the green. However some casino even after 1 year, they still in the red just because of a few big losses. Compare casino investment, the stocks, reits, commodities and bonds are more safe in nature.

Some casino even have option for you to choose the % of sharing profit/losses and these are kelly of different x. Bigger daily amount of wages leads to more daily profit and also losses.

And I would think bitcoin casinos would be even more profitable, since they don't have all the overhead expenses that brick and mortar ones do, and the odds are the same. Does that make sense? Any casino can get hit, but as long as it doesn't get hacked I would think the risk of investing in a bitcoin gambling site would be relatively small. It sounds like a decent thing to do, but I barely trust exchanges and know very little about the gambling sites. Just what I've read on this forum, in fact.

Matt Guy

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I would stay away, but we each think different.

numanoid

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Quote from: Novalok on August 08, 2016, 02:59:49 AM

Everyone on this thread needs to check out LIR. Not just the original poster.

https://bitcointalksearch.org/topic/lir-letitride-dice-tournament-live-3btc-in-lir-prizes-join-for-free-1511021

I think it shows the most promise of all the other casino or gambling coins.

Its offers many ways for an investor to earn an income and make a very decent ROI.

oh really? what promise you mean? you should check this thread too https://bitcointalksearch.org/topic/shogdite-let-it-ride-ico-scam-1535373 there is serious accusation about them now

neochiny

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Crypto.games

Quote from: roadbits on August 08, 2016, 12:12:38 AM

Quote from: Blitzboy on August 07, 2016, 11:35:11 PM

I think its not worth it may risk your investment instead of making profit it may lose or the site will be down.. better to dont invest unless if you are planning to start your own business gambling and im sure its profitable and worth it.. but you need a lot of capital to start.

Yes to creating an own business is not an easy task. Only massive money now works out, and we need a very good team to maintain the site. And site should be very attractive, and Marketing is the main important here Because already gamblers addicted to few sites. So if you want to attract players means you should introduce some new games. Instead of doing this and all, my suggestion is investing is better.

I agree. When talking about Investments, there are always risks involved, But, the risks are certainly lower compared to trading, lending and gambling. The main thing would be finding the right site for you. Before investing, you will of course choose the ones which are stable and trusted, thus further lowering said risks.

Quote from: Barbut on August 07, 2016, 11:37:22 PM

Investing in casino is good for long run, probably there will be a lot of ups and downs, in let's say 10 years, but end result should be good profit. House always win in the end, and many casinos last for years. Bitcoin casinos are young so maybe this is good time for investing in their bankroll.

Can someone tell me how much coins we need for investing in some casino?

Different sites requires different minimum deposits. For https://www.crypto-games.net/

The minimum investment amounts are:
0.01 Bitcoin,
0.5 Ether,
1 Dash,
1 Litecoin,
20.000 Dogecoin,
10 Peercoin
1000 GridCoin.

How it works:

Example: Let's say that there is one investor with 9 Bitcoins, and you have invested 1 Bitcoin. The total bankroll is 10 Bitcoins and you own 10% of the bankroll. When a player comes and loses 1 Bitcoin. You receive 0.1 Bitcoin and the other investor receives 0.9 Bitcoin. Conversely, assume that one player wins 1 Bitcoin. Consequently, you will lose 0.1 Bitcoin and the other investor will lose 0.9 Bitcoin. This example is simplified and does not take the commissions Crypto-Games takes into consideration.

electronicfactura

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When it is talk about investing money or having a fresh start in business first thing comes in mind is risk. There is nothing you can do without taking risk. If you succeed to find some good casino then it worth to try because most of the sites are making profit though risk of hitting jackpot always make it risky. It is best to have own site but you need heavy budget which is not easy to manage which is also risky.

Novalok

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Everyone on this thread needs to check out LIR. Not just the original poster.

https://bitcointalksearch.org/topic/lir-letitride-dice-tournament-live-3btc-in-lir-prizes-join-for-free-1511021

I think it shows the most promise of all the other casino or gambling coins.

Its offers many ways for an investor to earn an income and make a very decent ROI.

jacktheking

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Personal Text Space Not For Sale

Quote from: Barbut on August 07, 2016, 11:37:22 PM

Can someone tell me how much coins we need for investing in some casino?

Logically , each gambling site have there own minimum investment number.

olubams

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Quote from: MoneypakTrader.com on June 10, 2016, 02:40:53 PM

It been quite some time since I have been away from Bitcoin and cryptocurrencies, but seeing Bitcoin's price rise and the recent trends going about the block chain, it seems that soon we'll be seeing BTC becoming used as a mainstream currency by all major corporations, businesses (and even governments perhaps).

Now I've became interested into Bitcoin casino investing, but I want to know if it is worth a shot. I know that there is a risk in every investment, but I think this could be the most profitable way to go.

If anyone could share some tips or advice regarding this, I would greatly appreciate it.

I would also like to add to what others have said that not only should you be concerned about losing your money to sites but also be concerned about their security put in place to protect invested funds and the guarantee if eventuality happens because not only you have to protect yourself from them but they need to protect you from hackers... My 2 cents...

roadbits

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Quote from: Blitzboy on August 07, 2016, 11:35:11 PM

I think its not worth it may risk your investment instead of making profit it may lose or the site will be down.. better to dont invest unless if you are planning to start your own business gambling and im sure its profitable and worth it.. but you need a lot of capital to start.

Yes to creating an own business is not an easy task. Only massive money now works out, and we need a very good team to maintain the site. And site should be very attractive, and Marketing is the main important here Because already gamblers addicted to few sites. So if you want to attract players means you should introduce some new games. Instead of doing this and all, my suggestion is investing is better.

Barbut

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★Bitvest.io★ Play Plinko or Invest!

Investing in casino is good for long run, probably there will be a lot of ups and downs, in let's say 10 years, but end result should be good profit. House always win in the end, and many casinos last for years. Bitcoin casinos are young so maybe this is good time for investing in their bankroll.

Can someone tell me how much coins we need for investing in some casino?

Blitzboy

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Leading Crypto Sports Betting & Casino Platform

I think its not worth it may risk your investment instead of making profit it may lose or the site will be down.. better to dont invest unless if you are planning to start your own business gambling and im sure its profitable and worth it.. but you need a lot of capital to start.

hua_hui

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Quote from: hatshepsut93 on August 07, 2016, 10:56:27 PM

Quote from: hua_hui on August 06, 2016, 09:29:58 AM

Quote from: buddu on August 06, 2016, 05:47:41 AM

It is not worth to put all your money into any gambling casino. I will also say same that if you look at the broader picture they have been luckier persons who amazing amounts of money. You should take in consideration the other aspects as well that when you invest you are accepting that profit/loss sharing with casino. All glittering things are not gold ,just keep in mind this before take any move.

There is sure luckier persons who manage to win instead of lose. However, on equal note that there is also more unluckier persons who lose instead of win. So naturally the bankroll will profit in the long run. However, casino is indeed a high risk high reward investment. It is not a cup of tea for everyone.

This is not entirely correct, risk and reward of investing depends on different factors, like: bankroll size, wagered amount, house edge, size of maximum allowed win, shared profit/loss percent.

The bigger the bankroll the smaller profit/loss will be. Bigger wagered amounts usually lead to bigger profit, unless there are whales. House edge simply increases profit, but if it's too big the casino will be less popular. Size of maximum allowed win from one bet determines the risk of house ruin, if someone is allowed to win a significant part of bankroll in one bet, this casino is very risky to invest. And the last thing, each casinos share different percent of their profit/loss with investors, some share 30%, some 80%, etc.

All these i understand too. But what i say is true, even though you say all these will affect the risk here and there, casino investment is still very risky in nature. Just like betking and moneypot, they have huge bankroll and huge daily volume but recently they are both hit quite badly. In the long run, the house edge will bring the profit back into the green. However some casino even after 1 year, they still in the red just because of a few big losses. Compare casino investment, the stocks, reits, commodities and bonds are more safe in nature.

Some casino even have option for you to choose the % of sharing profit/losses and these are kelly of different x. Bigger daily amount of wages leads to more daily profit and also losses.

hatshepsut93

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Quote from: hua_hui on August 06, 2016, 09:29:58 AM

Quote from: buddu on August 06, 2016, 05:47:41 AM

It is not worth to put all your money into any gambling casino. I will also say same that if you look at the broader picture they have been luckier persons who amazing amounts of money. You should take in consideration the other aspects as well that when you invest you are accepting that profit/loss sharing with casino. All glittering things are not gold ,just keep in mind this before take any move.

There is sure luckier persons who manage to win instead of lose. However, on equal note that there is also more unluckier persons who lose instead of win. So naturally the bankroll will profit in the long run. However, casino is indeed a high risk high reward investment. It is not a cup of tea for everyone.

This is not entirely correct, risk and reward of investing depends on different factors, like: bankroll size, wagered amount, house edge, size of maximum allowed win, shared profit/loss percent.

The bigger the bankroll the smaller profit/loss will be. Bigger wagered amounts usually lead to bigger profit, unless there are whales. House edge simply increases profit, but if it's too big the casino will be less popular. Size of maximum allowed win from one bet determines the risk of house ruin, if someone is allowed to win a significant part of bankroll in one bet, this casino is very risky to invest. And the last thing, each casinos share different percent of their profit/loss with investors, some share 30%, some 80%, etc.

hua_hui

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Quote from: buddu on August 06, 2016, 05:47:41 AM

It is not worth to put all your money into any gambling casino. I will also say same that if you look at the broader picture they have been luckier persons who amazing amounts of money. You should take in consideration the other aspects as well that when you invest you are accepting that profit/loss sharing with casino. All glittering things are not gold ,just keep in mind this before take any move.

There is sure luckier persons who manage to win instead of lose. However, on equal note that there is also more unluckier persons who lose instead of win. So naturally the bankroll will profit in the long run. However, casino is indeed a high risk high reward investment. It is not a cup of tea for everyone.

JasonXG

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Quote from: buddu on August 06, 2016, 05:47:41 AM

It is not worth to put all your money into any gambling casino. I will also say same that if you look at the broader picture they have been luckier persons who amazing amounts of money. You should take in consideration the other aspects as well that when you invest you are accepting that profit/loss sharing with casino. All glittering things are not gold ,just keep in mind this before take any move.

No never ever put everything in one option. Leave options open. Like everything in life. I mean you wouldn't sink most of your money on a cars engine then not pay to have a decent airflow and exhaust system. It must be well leveled out and optimized just like an investment. Spread the investment around. You wouldn't drive around with everything you own so dont put all your money in just one investment. If you crash just once its all over. If its spread u can crash many times before it hurts Wink

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