In casino investments, investors not only lose money if site scam you but they also lose money if many gamblers win regularly from the site games. For example, you can check moneypot bankroll investments. Investors have lost a lot of money so you need to continuously monitor your investments and sometimes need to withdraw money if a casino is not making a profit for some time.
Gamblers winning regularly from site games is not possible unless casino owners are idiots and implement a system which gives mathematical advantage to players. I’ve found the following quote quite clarifying:
Something strange is going on over there, it is either their random system is rigged and gives advantage to the players, or it's either someone inside is stealing funds.
I don't even know what to believe, but with 1% house edge there is literally no chance that they could have lost the amount they lost.
Stay away until they come with a good explanation.
Investing in casinos has risks, but not that kind of risk, as long as the site is legit.
There are basically 3 different ways of making money with bitcoins and other cryptocurrencies in general.
Most popular is trading, you can make alot of money fast, but its very risky and difficult depending on market conditions
Second is you can gamble your BTC, and make alot of money fast or lose everything even faster.
Third way is to invest in BTC casinos. Since there is a house edge AND human emotions trigger greed and fear. The outcome usually will most likely be positive in your favor.
Completely agree with your strategy and thanks for the idea which is very much useful for the new comers like me to avoid lot of things.
When I started using bitcoins, I never knew about anything like this. I even thought that gambling it would be some sort of investment as well. Well that was a very wrong move to me. I lost my first few bitcoins back then. I thought that a martin gale system will be some sort of investing method that would profit me in the long term, however that was such a wrong notion. I can't believe my eyes when I saw a 10 straight losing streak and ate up all by btc.