Investing in Gambling Sites - page 5.

pooya87

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Quote from: apoorvlathey on November 02, 2016, 08:11:58 AM

Hi ! I would like to know what are the risks involved in investing in gambling sites like moneypot or other cryto casinos. Do people profit in the long run ? And what is an estimated amount of profit generated by it ?

technically speaking you should make profit in the long run. for example in a couple of months you must make profit because the house must always win otherwise they will go bankrupt there is no argument there.

but the problem is that you are trusting a third party with your money, so they can run away. or even worse they can manipulate the stats so that it seems like the casino has lost so they pay less to the investors while themselves are earning more.
and remember that manipulating stats has nothing to do with provably fairness because it is the total stats not individual.

Shinpako09

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Wether you invest or not you still cant make a profit in the long run. It is still a gambling even you invest and no one can win the long run in gambling.

Indrawan77

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Quote from: wxa7115 on November 03, 2016, 05:28:58 PM

The biggest risk is a casino running away with your coins, that is why is recommended to invest in several different casinos instead of investing just in one, the other risk is that the earnings can fluctuate wildly since there’s the possibility of a big whale winning big and you could be underwater for months.

There is always a risk in investment, that is why before you try to invest you need to find all the information, investing in casino seems quite promising but you can't expect you will always gain profit, sometimes you can lose your money, and i prefer to invest in casino rather in other investment

Superhitech

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Quote from: OshiHugo on November 03, 2016, 08:07:27 AM

Quote from: Superhitech on November 02, 2016, 04:39:12 PM

Quote from: leowonderful on November 02, 2016, 03:34:54 PM

Quote from: Superhitech on November 02, 2016, 02:59:21 PM

Quote from: Gustavv on November 02, 2016, 02:44:18 PM

lose or profit is depends on the players getting win or lose
of course invest in gambling site is so risky
if whales come and they win big you will get lose with your investement your money will decreased

While this is somewhat true, I wouldn't say that it is "so risky". While whales might be able to take all your money, eventually you will gain it all back due to the house edge. The main worry is not whales, but exploits in the site that let people take money without any consequence.

As long as you choose a secure, well trusted site it should be fine.
How much money do you want to invest?

While I mainly agree with you here, investing with larger amounts of bitcoin is usually a good way of investing into such sites- I have had experience with amounts of less than 0.01 BTC disappearing in less than a week due to whales(don't invest tiny amounts). It's s not completely foolproof, and it's relatively slow profit, but by no means should you invest all of your bitcoin into a casino.

That's true, it's better to invest bigger amounts, but if you only have a small amount to spare, investing in a small bankroll site does work, as smaller sites will probably have less whales or none at all.

When moneypot.com just started, I invested 0.01 when it had a small bankroll, and I gained a decent profit considering I only invested 0.01, hence investing small amounts in small bankroll sites does work, at least in my experience.

On the other hand you should be definetly sure that it is a real casino and not just a Ponzi scheme website. I mean you can still make some profit even on a Ponzi scheme website, but you will probably lose much more. And this is a really big disadvantage of smaller sites. You usually can never know :/

Very true, but even if they do run with your money, you will only lose a small amount.

One strategy to invest is to look for already established sites who have recently decided to open a crowd funded bankroll, or when the owner of a well known site decides to open a new one.

wxa7115

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The biggest risk is a casino running away with your coins, that is why is recommended to invest in several different casinos instead of investing just in one, the other risk is that the earnings can fluctuate wildly since there’s the possibility of a big whale winning big and you could be underwater for months.

mrcash02

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Quote from: HateNATO on November 03, 2016, 04:56:44 PM

So how much i need to invest to earn 2000$ per month with investing in casino ?How much is roi?Is it bigger than in revenue share sites or not?

That is a lot of money to earn as passive income. You are talking about 3 BTCs monthly income without any effort. Using my example above, you would need about 120 BTCs investiment on the casino... But I'm not sure if the casino would accept this investiment amount. And the risk is very high, because unexpected things happen and the casino can be hacked, who knows...

BitMaxz

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Quote from: HateNATO on November 03, 2016, 04:56:44 PM

So how much i need to invest to earn 2000$ per month with investing in casino ?How much is roi?Is it bigger than in revenue share sites or not?

There is no assurance that you can earn that amount per month and i think you need a large amount to invest in order to hit 2k per month but gambling is risky we don't know if you can earn or make profit in investing your money in gambling casino..
If you want sure earnings gambling is not a good place to invest. invest your hard working for a job. that you can earn a month but 2k is hard to reach unless you are working as multi tasker..

Milkduds

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This used to be something that interested me a lot but lately it feels like you are risking more than you think. Say a site some how gets disrupted business wise and the bitcoins are snagged in a investigation,these sites do not guarantee money back. It would be similar to leaving all the bitcoin on a exchange! It could get hacked,shutdown or even run off with funds and there is no recourse.

HateNATO

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So how much i need to invest to earn 2000$ per month with investing in casino ?How much is roi?Is it bigger than in revenue share sites or not?

mrcash02

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Quote from: OpenTalkLab on November 03, 2016, 08:22:50 AM

Quote from: apoorvlathey on November 02, 2016, 08:11:58 AM

Hi ! I would like to know what are the risks involved in investing in gambling sites like moneypot or other cryto casinos. Do people profit in the long run ? And what is an estimated amount of profit generated by it ?

I think investing in gambling will not make you rich over day.You won't make money like site owners do.But you can See sites overview here at Dicesites.com and invest sites who is profitable for investor at the moment.

It's not a big profit, but decent amount anyway... I invested 0.01 BTC (minimum amount) last week and actually I have about 6000 satoshis profit. It's not much, but if I invested 1 BTC, actually I would have 600K satoshis profit, a good amount for a passive income after 1 week, being a legit and trusted method.

Febo

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Quote from: Lutpin on November 02, 2016, 11:23:07 AM

Quote from: Febo on November 02, 2016, 11:20:26 AM

you profit should be to around 10% a year.

Did you throw a dice to get that number?
There are a lot of factors influencing expected profit, and it's different for every site you invest into.
You can't say any number should be the profit, and you can certainly not say a universal number fitting for all sites.

No i have invested in bankroll in one casino now for leik 15 months. Longer period of time you have invested more closer to steady income you will get. If you have investment there for only a month is a gamble.
Biggest part is that your founds are secure. Since if site gets hacked or scammed you will need 10 years to recover.

Lutpin

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Goodbye, Z.

Quote from: OshiHugo on November 03, 2016, 08:07:27 AM

On the other hand you should be definetly sure that it is a real casino and not just a Ponzi scheme website. I mean you can still make some profit even on a Ponzi scheme website, but you will probably lose much more. And this is a really big disadvantage of smaller sites. You usually can never know

How would someone mistake a ponzi scheme for a casino?!
Sure, they often claim to be trading or investing or whatever, but I've yet to come across one that claims to be a fully working casino and actually fools someone with it.

Quote from: OpenTalkLab on November 03, 2016, 08:22:50 AM

But you can See sites overview here at Dicesites.com and invest sites who is profitable for investor at the moment.

Past profits are a bad indcator for future profits/expected profits.

Quote from: Superhitech on November 02, 2016, 04:39:12 PM

That's true, it's better to invest bigger amounts, but if you only have a small amount to spare, investing in a small bankroll site does work, as smaller sites will probably have less whales or none at all.

Percentual profits/loses are the same for small and big investments, unless we bring in other factors like kelly criterias.
It doesn't matter if you invest 0.01 or 10BTC, you'll get the same Percentage at the end of the day, only the real number is a whole lot different.

OpenTalkLab

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Quote from: apoorvlathey on November 02, 2016, 08:11:58 AM

Hi ! I would like to know what are the risks involved in investing in gambling sites like moneypot or other cryto casinos. Do people profit in the long run ? And what is an estimated amount of profit generated by it ?

I think investing in gambling will not make you rich over day.You won't make money like site owners do.But you can See sites overview here at Dicesites.com and invest sites who is profitable for investor at the moment.

Yutikas_11920

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Indeed essentially investing has a lot of risk, but the risk also depends on the investment they make. If they make investments with good then it will give you a good advantage and vice versa. I would argue that the investment we are doing will give us an advantage when we invest in the right gambling sites, such as the examples you mentioned. the site is already very secure and profitable

OshiHugo

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Quote from: Superhitech on November 02, 2016, 04:39:12 PM

Quote from: leowonderful on November 02, 2016, 03:34:54 PM

Quote from: Superhitech on November 02, 2016, 02:59:21 PM

Quote from: Gustavv on November 02, 2016, 02:44:18 PM

lose or profit is depends on the players getting win or lose
of course invest in gambling site is so risky
if whales come and they win big you will get lose with your investement your money will decreased

While this is somewhat true, I wouldn't say that it is "so risky". While whales might be able to take all your money, eventually you will gain it all back due to the house edge. The main worry is not whales, but exploits in the site that let people take money without any consequence.

As long as you choose a secure, well trusted site it should be fine.
How much money do you want to invest?

While I mainly agree with you here, investing with larger amounts of bitcoin is usually a good way of investing into such sites- I have had experience with amounts of less than 0.01 BTC disappearing in less than a week due to whales(don't invest tiny amounts). It's s not completely foolproof, and it's relatively slow profit, but by no means should you invest all of your bitcoin into a casino.

That's true, it's better to invest bigger amounts, but if you only have a small amount to spare, investing in a small bankroll site does work, as smaller sites will probably have less whales or none at all.

When moneypot.com just started, I invested 0.01 when it had a small bankroll, and I gained a decent profit considering I only invested 0.01, hence investing small amounts in small bankroll sites does work, at least in my experience.

On the other hand you should be definetly sure that it is a real casino and not just a Ponzi scheme website. I mean you can still make some profit even on a Ponzi scheme website, but you will probably lose much more. And this is a really big disadvantage of smaller sites. You usually can never know :/

Superhitech

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Quote from: leowonderful on November 02, 2016, 03:34:54 PM

Quote from: Superhitech on November 02, 2016, 02:59:21 PM

Quote from: Gustavv on November 02, 2016, 02:44:18 PM

lose or profit is depends on the players getting win or lose
of course invest in gambling site is so risky
if whales come and they win big you will get lose with your investement your money will decreased

While this is somewhat true, I wouldn't say that it is "so risky". While whales might be able to take all your money, eventually you will gain it all back due to the house edge. The main worry is not whales, but exploits in the site that let people take money without any consequence.

As long as you choose a secure, well trusted site it should be fine.
How much money do you want to invest?

While I mainly agree with you here, investing with larger amounts of bitcoin is usually a good way of investing into such sites- I have had experience with amounts of less than 0.01 BTC disappearing in less than a week due to whales(don't invest tiny amounts). It's s not completely foolproof, and it's relatively slow profit, but by no means should you invest all of your bitcoin into a casino.

That's true, it's better to invest bigger amounts, but if you only have a small amount to spare, investing in a small bankroll site does work, as smaller sites will probably have less whales or none at all.

When moneypot.com just started, I invested 0.01 when it had a small bankroll, and I gained a decent profit considering I only invested 0.01, hence investing small amounts in small bankroll sites does work, at least in my experience.

BitMaxz

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Quote from: leowonderful on November 02, 2016, 03:34:54 PM

Quote from: Superhitech on November 02, 2016, 02:59:21 PM

Quote from: Gustavv on November 02, 2016, 02:44:18 PM

lose or profit is depends on the players getting win or lose
of course invest in gambling site is so risky
if whales come and they win big you will get lose with your investement your money will decreased

While this is somewhat true, I wouldn't say that it is "so risky". While whales might be able to take all your money, eventually you will gain it all back due to the house edge. The main worry is not whales, but exploits in the site that let people take money without any consequence.

As long as you choose a secure, well trusted site it should be fine.
How much money do you want to invest?

While I mainly agree with you here, investing with larger amounts of bitcoin is usually a good way of investing into such sites- I have had experience with amounts of less than 0.01 BTC disappearing in less than a week due to whales(don't invest tiny amounts). It's s not completely foolproof, and it's relatively slow profit, but by no means should you invest all of your bitcoin into a casino.

Honestly some members already had reviews for some gambling casino online here and i heard that betking is the best to invest because they are make a large profit than the other gambling site. i doesn't mean that only betking is giving good benefits.
It is still risky to invest even small amount or large amount..that can be still drain within a week..

leowonderful

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Quote from: Superhitech on November 02, 2016, 02:59:21 PM

Quote from: Gustavv on November 02, 2016, 02:44:18 PM

lose or profit is depends on the players getting win or lose
of course invest in gambling site is so risky
if whales come and they win big you will get lose with your investement your money will decreased

While this is somewhat true, I wouldn't say that it is "so risky". While whales might be able to take all your money, eventually you will gain it all back due to the house edge. The main worry is not whales, but exploits in the site that let people take money without any consequence.

As long as you choose a secure, well trusted site it should be fine.
How much money do you want to invest?

While I mainly agree with you here, investing with larger amounts of bitcoin is usually a good way of investing into such sites- I have had experience with amounts of less than 0.01 BTC disappearing in less than a week due to whales(don't invest tiny amounts). It's s not completely foolproof, and it's relatively slow profit, but by no means should you invest all of your bitcoin into a casino.

Superhitech

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Quote from: Gustavv on November 02, 2016, 02:44:18 PM

lose or profit is depends on the players getting win or lose
of course invest in gambling site is so risky
if whales come and they win big you will get lose with your investement your money will decreased

While this is somewhat true, I wouldn't say that it is "so risky". While whales might be able to take all your money, eventually you will gain it all back due to the house edge. The main worry is not whales, but exploits in the site that let people take money without any consequence.

As long as you choose a secure, well trusted site it should be fine.
How much money do you want to invest?

Gustavv

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lose or profit is depends on the players getting win or lose
of course invest in gambling site is so risky
if whales come and they win big you will get lose with your investement your money will decreased

Topic: Investing in Gambling Sites - page 5. (Read 2078 times)