Topic: Investing in Bitcoin Casinos are really worth it? - page 3. (Read 20439 times)

And for others who have tried investing on casino's (bankroll) they are rushing for the profit, they don't understand that it takes time for their money to grow.

Agree, have been here on the forum and i got to know many older Bitcoin casinos; which i will not mention, they are the first casinos that the forum members knows about and they play on these gambling platforms daily without looking at the newer Bitcoin casinos. "It's better to stick to what you know than what you don't". Investment in Bitcoin casinos these days are no longer profitable.

You can invest on the gamling sites as well,so you can make profits if the huse wins so it is like getting a small share from the overall profit depends on the capital you had invested.House can win most of the time then investing on gambling sites can be act as an passive investment but the profit you are going to make through investing on gambling sites will not be like winning on bets.

However we brief, it is hard to accept. The greed of people will tempt the users go for bigger earning wagering big amount. Investing on casinos were safe way of making an earning, but this is very small and one won't be getting good return or a better ROI on the investment.

It was being told in the past for so many times that whenever you gamble, deposit what you afford to lose.

And don't consider it as an investment because it's still different from real investing.

After my negative experienced with casinos, my point of view about investing your own money with online gambling is now changed. If you want to invest in gambling for fun, do not deposit huge amount. There is just a small percentage that we will win the  game. Though it is just base on my own experience.

The idea of Investing in Bitcoin Casinos is a good one but i do not think that casino provide any investment opportunity. You can only play in casino but cannot store your investments there to get profit.
If you need to invest your bitcoins for passive income, then you should find a good site for investment which is giving dividends for may years and is trusted. Almost all the new investment sites lead to scam.

Its def. worth because Bitcoin is leading the way of spreading cryptocurrency technology all over the world. Eventually the price spikes will even out as soon as people figure out that we should support bitcoin for its technological advantages and not for the chance of making money. Right now its mostly Bitcoin that is accepted everywhere, even casinos (I mean the ones that are actually good and not just moneygrabbing services who dont care about you) this year adopted the coin and have been showing really good potential.

I dont think it will replace the fiat as many people say, but it will take away quite a bit off fiat and make many things in life much easier. For me as a casino fan, using the advantages of what btc does over at vegascasino.io makes deposits and withdrawals instant! I also love how many games they have, I never get bored! They have those juicy rewards and bonuses and everything. They are offering some really  nice deposit bonuses for Christmas, so why not give it a try!

Investing our bitcoin into a casino bankroll will be a good thing to do, but we must know that we are doing two types of investments in this case. Holding bitcoin for a certain period of time is an investment and risking our bitcoin at a bankroll of a casino is also a type of investment. If both go according to our expectations, surely we will get a good double profit.

Casinos and sports betting are great places to start a business, but other people also have that idea, so you will have to compete with many other casinos, getting new customers into your casino and finding a profitable way to keep them loyal to you casino are not that easy either.

In casino they gamble with different games so it is also a kind of gambling there are so many options gambles get but the true gambler is the one who know winning even online games and in casino as well, gambling with bitcoin in casino is good as it will give you a chance to get bitcoin at the same time it sounds safe to pay with bitcoin than paying cash.

Consider that you are a person who have good amount of funds and you are willing to invest them in a business.  Gambling is one of the best business because the profit ratio in gambling casino is much higher than any other business. Also marketing of new gambling site is also not at all difficult as it can be done on social media and here also through signature campaigns etc.

That must be the right point but still we are having lots of reputed gambling sites and we may go for investing with them to make our money multiplied over the time. I'm not sure those reputed gambling sites also winning all the times but they are able to manage good reputation in this forum then why not just try with them ?  Instead of risking our hard earned money in gambling, it will be much better to try investing with gambling houses to get some decent returns along with securing our initial money.

It is a tough business to break into and it will cost a lot of starting capital to make a successful casino.  Just the advertising costs alone will add up really quickly.  You will have to go against sites that have years of trustworthy reputation.

Now if your investing into one of those dice sites that let you back their bankroll, that is a bit risky because you are never in control of your bitcoin and they could exit scam anytime. 

Good insight. In my experience being hacked is a concern, but only at the beginning with untested software. yes, you do go through beta testing, load tolerance etc. Hackers can always find a way. I've found that the could hack our systems, are the ones who are off doing better things than trying to grab small change (at least for them). There have been some successful hackers who have found very interesting and advanced ways to gain the system, but each time we learn. I honestly hope we don't' learn this much this year. lol.

About the hot wallet. Most players take their funds immediately after their sports bets win. We always increase the hot wallet after very large deposits, just to make sure that we are comfortably able to have the player withdraw funds immediately. Cold wallet storage is one of the advantages of BTC as the main currency.

I forgot to add the most important part. Investing in a casino (operators side) is ONLY a good idea if you have access to players. ie. affiliate websites, marketing strategy (PPC, affiliate program etc). Starting off without the knowledge is very difficult, but not impossible.

I agree that houses are always winning but if it is true then how generous they will be for sharing their revenue. That must be the biggest question to consider investing in bitcoin based casinos will be really profitable or not. I'm not targeting any gambling houses in particular but I'm just talking in general.

Because, there will be only 50% chances for a house to win still we are agreeing that houses is always winning then how we can expect them to be fair for sharing their profits.

i guess the profit will also depend on  how the casino doing well .  if you are investing on popular casinos then chances are your earnings can grow easily no matter how small or big your capital is  but if you invest on an unknown casino's then you are only risking your self because youl never know if they can go bankrupt or what if they will turn into scam someday   .   casino investment are i think more worth it than the actual betting or playing in a gambling  game  because you are earning passively with a less risk  of loosing  .

OP, What are Bitcoin advantages for an online casino owner?
From an online casino operator’s point of view, as well as from the player standpoint, Bitcoin is the perfect “gaming coin”.
Players love Bitcoin because of:
    • Low cost of transaction
    • High speed of transaction
    • Increased anonymity
    • Bitcoin games can be made “Provably Fair”, which is a new concept of fair gaming letting players to verify fairness themselves

 Casino operators will appreciate:
    • Control over finances on their side, no third parties involved in transactions
    • Bitcoin is a universal, global currency
    • Faster time-to-market not bound by the red tape

Bitcoin disadvantages
Despite a range of obvious inherent advantages Bitcoin has its own flaws, many of which are believed to be temporary.
    • Bitcoin is volatile. Its price bounces up and down every day namely because of the limited amount of Bitcoins and an increasing demand for them. Though eventually its price will settle, it still is not recommended to keep significant savings in Bitcoin.
    • It is experimental. Bitcoin is in its infancy and its features are still being developed. As Bitcoin usage grows, it becomes more accessible and its features and usage practices more polished.
    • Not a “household” payment method. Only a limited number of places and websites accept it as payment. So you cannot go, say, to the shopping mall and buy the same range of goods with Bitcoins as you would with your good old credit card. This said, worldwide Bitcoin adoption is growing with every month.
    • It is untraceable. Anonymity, viewed as an advantage by many, may draw in criminals in the sense that it is ways easier to sell illegal items when you cannot be traced.
    • If you decide to explore Bitcoin, try to learn as much information on its usage and security measures you need to take to keep your coins safe.

Overall , I think casino like  betchain , fortune jack and personal favorite Vegascasino.io ( i like the freespin) & etc will continue to flourish given time

You will only feel the profit if you are investing a decent amount of money.
One of the reasons why people choose to invest in ICO or buy a coin because it could skyrocket anytime, unlike investing in casino
where you need more time to grow your investment. It's less risky as casinos are known to be profitable but it all depends on your target or goal.

Investing in Bitcoin Casinos are something that I have recently tried and I am very impressed with the results so far. I try to choose casinos that give dividends from the pools of the losing bets from the players in all the games that are included in the casino. Stakes in the casino are earned by playing and wagering coins from your bets. I was too lucky to win a lot when I first started and then wager a considerable amount that gives me a decent dividend right now as a passive income. This strategy is not a life-end income but it is a good investment along with playing in a casino for making more profits.