Investing in Gambling Sites | Bitcointalksearch.org

BTCevo

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Quote from: Barcode_ on October 12, 2018, 04:01:55 AM

Quote from: hubballi on October 06, 2018, 10:27:40 AM

Investing in Gambling sites is just like playing Gambling but difference is investing gives you returns and loss chances are less but in playing gambling more chances of loss. But personally i dont like to invest in gambling sites as you cannot give assurance if they dont scam and any time they can shut down and your whole investment can go to loss.

The investors who invest their crypto-currencies in the casino bankroll does gets an advantage of the casino house edge against the players who gamble on the site, I believe some investors who are good in mathematics calculation are more likely to invest in the casino bankroll rather than playing on the site by themselves. As you said, there is always a risk that the casino owners could shut down their site anytime and run away with the investors money, that is the reason investors should always do some research on a casino before investing their money into the bankroll as it could greatly reduce the chances of that scenario happening.

You got the point there but with some good research you only can minimalize the effect on their casino. It does not 100% true that they will not get away with our money, in this case I will strongly recommend to invest not all of your money in one site. Although they are being very old site, I belive they will have enough bankroll to support their own site, like Primedice but for others, I think I willl still have a doubt eventhough it is a tiny one. We never know how things will go in the future

naidray

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Quote from: HiDevin on September 15, 2018, 12:01:52 AM

Like any tips to look out for, should I risk it and do a leverage higher than 1:1 etc?

This all comes down to the same thing. How much do you trust the casino ?
If we are talking about somehow finding a way to invest into stake or primedice than I would invest all my money into it because I trust it with all my heart.

Moreover, we have seen many casinos that get screwed thru some loophole in the code and the seed which made them lose a lot of money, for example moneypot was a great website with many casinos directly attached to it however the pot was cracked and the gamblers took away a lot of money from it which resulted with investors losing a ton of money in there.

This doesn't mean moneypot is bad, it just means when there are a lot of money at stake, hackers are really into the website 7/24.

eternalgloom

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Quote from: slaman29 on September 20, 2018, 03:40:11 AM

Quote from: xandry on September 18, 2018, 12:33:42 AM

My experience of investment into two gambling sites:

Crypto-games.net:
02.08.2018 invested 1.42006574 btc in crypto-games.net, on 02.09.2018 profit has 0.00735331 btc, at the same time having closed site fee. Also I see advantage of crypto-games that it is possible to make investments in alternative cryptocurrencies and also to close the investment program and to take away money at any time. Next time I will check statistics 02.10.2018

Bustadice.com:
27.08.2018 invested 0.4 btc in "onsite investment". Profit makes today 0.00601833 btc. Not bad, yeah? BUT, it is impossible to take away money at any time because

Quote

minimum amount that can be invested or divested is Ƀ 0.01

source: https://bustadice.com/invest

It is the reason for which I don't recommend to invest here.

I like Crypto-Games investment too, but they also have a minimum, actually, and if you take away your investment before 4 weeks, you lose some penalty for early divest. Much lower minimum I think, but still a minimum.

Invest minimum at Bitvest is the same as Bustadice (0.01 BTC), I see no problems recommending even with high minimum, which makes sense, no fees for divest at any time. Bitvest also lets you do x10 leverage so that's also pretty good but of course if they incur losses, you lose much more. Also, your profit is 0.006 but if you add that to your investment, then you surely have enough? 60% is a lot of profit...

They don't accept Bitcoin and ETH investments at the moment though.
Other coins are still available for investments, but just make sure that you pick a coin that has a decent monthly wagering rate.

I've been really happy with them in the past, can definitely recommend them.

Be sure to check out Lutpin's investment overview thread, so you have an idea what kind of ROI you're looking at.

https://bitcointalksearch.org/topic/archived-profit-tracking-2445163

Barcode_

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Join the world-leading crypto sportsbook NOW!

Quote from: hubballi on October 06, 2018, 10:27:40 AM

Investing in Gambling sites is just like playing Gambling but difference is investing gives you returns and loss chances are less but in playing gambling more chances of loss. But personally i dont like to invest in gambling sites as you cannot give assurance if they dont scam and any time they can shut down and your whole investment can go to loss.

The investors who invest their crypto-currencies in the casino bankroll does gets an advantage of the casino house edge against the players who gamble on the site, I believe some investors who are good in mathematics calculation are more likely to invest in the casino bankroll rather than playing on the site by themselves. As you said, there is always a risk that the casino owners could shut down their site anytime and run away with the investors money, that is the reason investors should always do some research on a casino before investing their money into the bankroll as it could greatly reduce the chances of that scenario happening.

BTCevo

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Quote from: hubballi on October 06, 2018, 10:27:40 AM

Investing in Gambling sites is just like playing Gambling but difference is investing gives you returns and loss chances are less but in playing gambling more chances of loss. But personally i dont like to invest in gambling sites as you cannot give assurance if they dont scam and any time they can shut down and your whole investment can go to loss.

They can't guarantee any loss or even give you proper return but what you need is jusy to have some big whale or others players having good reviews with it and get the provably fair system. I belive as long as there is transparancy on their site, I can assure you that they are noy scamming so investing on any of these sites is surely save. Just need more time to gain some profit

hubballi

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Investing in Gambling sites is just like playing Gambling but difference is investing gives you returns and loss chances are less but in playing gambling more chances of loss. But personally i dont like to invest in gambling sites as you cannot give assurance if they dont scam and any time they can shut down and your whole investment can go to loss.

noictib

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One of the world's leading Bitcoin-powered casinos

Personally I don't go for any type of investment in the gambling field except to place my bet in casinos and sports games Cool

But I heard the most famous name in my friend circle is bustadice and money pot ( since I didn't understand well the stretagy to place investment ) but still most of mine friends are making profit with it .
Besides this I like to put my investment in freebitco.in websites where it has more safety and very less chances to loss because % of profit to get back to the users is very small (about 4% ) , and also freebitco.in has lots of trust in this field because it is running since long time , where in the starting it was best faucet site and today with the faucet service it is also a casino .
But here with all types of the advice , I would like to suggest you that first go for the review in the Google whether the platfrom where you are going to invest is better or not , or there exists any type of scam or they did in past . After that makek investment otherwise you may face loss only and nothing .

Dice-Bet

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Quote from: slaman29 on September 24, 2018, 07:40:57 AM

Quote from: HiDevin on September 23, 2018, 12:24:57 AM

I would still suggest just investing with a low leverage even with a low amount, because you can test and check different options and see how much you will swing etc, etc.

There's a lot of reason on putting money in a low leverage, mostly because you want to play it safe and don't want to bust unlike other investors investing in the highest leverage they can.

Some sites even advertise 50x leverage ( while not a great idea for the big investor ) is a great idea for the small investors who is investing like 0.001 btc like me before I started this thread.

I was asking for help in this thread because some sites may go rogue and steal your bitcoins, so I just wanted some warnings on the way.

It's not all about making insane profits quick, but steady income over time

I'm with you on this. Personally, I have my investment on 1 site at max leverage, but those are very small amounts compared to what I'm prepared to invest in long-term dividends on my main site. Of course, on paper, historical performance for past 1 year looks good, almost >15% for me over 1 year, but that's at full x10 leverage, so essentially, it showed that the site only made me 1.5%. It's still great returns but less than 4% if I just keep it at Freebitco.in. Both sites I equally trust (which is not even 100% trust).

Curious which site is offering 50x? I'd love to put in 0.001 Wink

We have 50x ---> https://dice-bet.com/

And a few more investors have jumped on and are using 50x at the moment (on LTC & ETH)

slaman29

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Livecasino, 20% cashback, no fuss payouts.

Quote from: HiDevin on September 23, 2018, 12:24:57 AM

I would still suggest just investing with a low leverage even with a low amount, because you can test and check different options and see how much you will swing etc, etc.

There's a lot of reason on putting money in a low leverage, mostly because you want to play it safe and don't want to bust unlike other investors investing in the highest leverage they can.

Some sites even advertise 50x leverage ( while not a great idea for the big investor ) is a great idea for the small investors who is investing like 0.001 btc like me before I started this thread.

I was asking for help in this thread because some sites may go rogue and steal your bitcoins, so I just wanted some warnings on the way.

It's not all about making insane profits quick, but steady income over time

I'm with you on this. Personally, I have my investment on 1 site at max leverage, but those are very small amounts compared to what I'm prepared to invest in long-term dividends on my main site. Of course, on paper, historical performance for past 1 year looks good, almost >15% for me over 1 year, but that's at full x10 leverage, so essentially, it showed that the site only made me 1.5%. It's still great returns but less than 4% if I just keep it at Freebitco.in. Both sites I equally trust (which is not even 100% trust).

Curious which site is offering 50x? I'd love to put in 0.001 Wink

BTCevo

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Quote from: HiDevin on September 23, 2018, 12:24:57 AM

Quote from: BTCevo on September 22, 2018, 11:58:20 PM

Quote from: HiDevin on September 19, 2018, 12:44:49 PM

Quote from: BTCevo on September 19, 2018, 07:15:08 AM

Quote from: HiDevin on September 18, 2018, 12:49:16 PM

So just be weary of all swings, and I would just suggest investing in a 0.5x - 1x leverage over time if you want to make profits over time, to prevent yourself from getting ripped by 1 whale.

How are you going to get profit by investing that littl amount, may be in very long term you might do it but let say on SyGambler's case when he turns the casino as his own investment program, I believe that it will be not really good way to just let it slowly regain his profit there. Unless you have big unused money to put for very long term then it will do but to have monthly payment, I do really suggest that

I'm just looking for the best investment options right now in bitcoin gambling sites, I may start heavily investing in the future though, or put some of the money I get from trading into
Casinos.

Eventhough you place your investment on such profitable site with your big funds if your leverage is 0.5x to 1, this will got no where, and how are you thinking that with that leverage you will get your profit? If you know how to trade why bothering to put your money on investment with such a low leverage. It will be really pointless thing to do, better change your leverage higher

My first answer was to someone up above and actually I did increase my investment across many sites totaling up to 0.8 btc at the moment

,

I would still suggest just investing with a low leverage even with a low amount, because you can test and check different options and see how much you will swing etc, etc.

There's a lot of reason on putting money in a low leverage, mostly because you want to play it safe and don't want to bust unlike other investors investing in the highest leverage they can.

Some sites even advertise 50x leverage ( while not a great idea for the big investor ) is a great idea for the small investors who is investing like 0.001 btc like me before I started this thread.

I was asking for help in this thread because some sites may go rogue and steal your bitcoins, so I just wanted some warnings on the way.

It's not all about making insane profits quick, but steady income over time

I do not say that it is not a right thing to do. But how long do you think that you are going to get profit? And may be for you who does not seek for profit might able to have a steady profit but for others, I do not really think that they want to do this. It is almost a steady profit but it really takes time just to invest although with some huge amount on it

HiDevin

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so.. hru?

Quote from: BTCevo on September 22, 2018, 11:58:20 PM

Quote from: HiDevin on September 19, 2018, 12:44:49 PM

Quote from: BTCevo on September 19, 2018, 07:15:08 AM

Quote from: HiDevin on September 18, 2018, 12:49:16 PM

So just be weary of all swings, and I would just suggest investing in a 0.5x - 1x leverage over time if you want to make profits over time, to prevent yourself from getting ripped by 1 whale.

How are you going to get profit by investing that littl amount, may be in very long term you might do it but let say on SyGambler's case when he turns the casino as his own investment program, I believe that it will be not really good way to just let it slowly regain his profit there. Unless you have big unused money to put for very long term then it will do but to have monthly payment, I do really suggest that

I'm just looking for the best investment options right now in bitcoin gambling sites, I may start heavily investing in the future though, or put some of the money I get from trading into
Casinos.

Eventhough you place your investment on such profitable site with your big funds if your leverage is 0.5x to 1, this will got no where, and how are you thinking that with that leverage you will get your profit? If you know how to trade why bothering to put your money on investment with such a low leverage. It will be really pointless thing to do, better change your leverage higher

My first answer was to someone up above and actually I did increase my investment across many sites totaling up to 0.8 btc at the moment

,

I would still suggest just investing with a low leverage even with a low amount, because you can test and check different options and see how much you will swing etc, etc.

There's a lot of reason on putting money in a low leverage, mostly because you want to play it safe and don't want to bust unlike other investors investing in the highest leverage they can.

Some sites even advertise 50x leverage ( while not a great idea for the big investor ) is a great idea for the small investors who is investing like 0.001 btc like me before I started this thread.

I was asking for help in this thread because some sites may go rogue and steal your bitcoins, so I just wanted some warnings on the way.

It's not all about making insane profits quick, but steady income over time

BTCevo

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Quote from: HiDevin on September 19, 2018, 12:44:49 PM

Quote from: BTCevo on September 19, 2018, 07:15:08 AM

Quote from: HiDevin on September 18, 2018, 12:49:16 PM

So just be weary of all swings, and I would just suggest investing in a 0.5x - 1x leverage over time if you want to make profits over time, to prevent yourself from getting ripped by 1 whale.

How are you going to get profit by investing that littl amount, may be in very long term you might do it but let say on SyGambler's case when he turns the casino as his own investment program, I believe that it will be not really good way to just let it slowly regain his profit there. Unless you have big unused money to put for very long term then it will do but to have monthly payment, I do really suggest that

I'm just looking for the best investment options right now in bitcoin gambling sites, I may start heavily investing in the future though, or put some of the money I get from trading into
Casinos.

Eventhough you place your investment on such profitable site with your big funds if your leverage is 0.5x to 1, this will got no where, and how are you thinking that with that leverage you will get your profit? If you know how to trade why bothering to put your money on investment with such a low leverage. It will be really pointless thing to do, better change your leverage higher

veleten

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Quote from: adaseb on September 19, 2018, 05:43:17 PM

As with all investing there are always risks. However since gambling sites in general have a house edge and a "greed and fear" factor you will generally always come out ahead and seems like a good risk/reward.

However, you need to keep in mind that there are times where its not profitable especially if you are just entering a new position. There can be a period where your balance is in the red and you will need to wait it out until it turns profitable.

In my opinion, these investments are not "get rich quick" you will need to be very patient and hold on to your position for a very long time if you want to see some nice gains.

cannot agree more:
anything gambling related is risky, but it is good to have math on your side for a change Grin

speaking of investments, of course, in addition to the house edge figures you will also have suboptimal plays from many many gamblers
and this what makes casinos prosper,not only the house edge
definitely a not "get rich scheme" , you will have to be patient and keep your investment for some time and not to be tempted to divest
some people see red figures and divest and leave the site, when the correct course of action would be wait,wait and wait
I say never invest for less than a month and do not bother with amounts lower than 0.02 btc the profit will not be really worth it

slaman29

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Livecasino, 20% cashback, no fuss payouts.

Quote from: xandry on September 18, 2018, 12:33:42 AM

My experience of investment into two gambling sites:

Crypto-games.net:
02.08.2018 invested 1.42006574 btc in crypto-games.net, on 02.09.2018 profit has 0.00735331 btc, at the same time having closed site fee. Also I see advantage of crypto-games that it is possible to make investments in alternative cryptocurrencies and also to close the investment program and to take away money at any time. Next time I will check statistics 02.10.2018

Bustadice.com:
27.08.2018 invested 0.4 btc in "onsite investment". Profit makes today 0.00601833 btc. Not bad, yeah? BUT, it is impossible to take away money at any time because

Quote

minimum amount that can be invested or divested is Ƀ 0.01

source: https://bustadice.com/invest

It is the reason for which I don't recommend to invest here.

I like Crypto-Games investment too, but they also have a minimum, actually, and if you take away your investment before 4 weeks, you lose some penalty for early divest. Much lower minimum I think, but still a minimum.

Invest minimum at Bitvest is the same as Bustadice (0.01 BTC), I see no problems recommending even with high minimum, which makes sense, no fees for divest at any time. Bitvest also lets you do x10 leverage so that's also pretty good but of course if they incur losses, you lose much more. Also, your profit is 0.006 but if you add that to your investment, then you surely have enough? 60% is a lot of profit...

adaseb

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As with all investing there are always risks. However since gambling sites in general have a house edge and a "greed and fear" factor you will generally always come out ahead and seems like a good risk/reward.

However, you need to keep in mind that there are times where its not profitable especially if you are just entering a new position. There can be a period where your balance is in the red and you will need to wait it out until it turns profitable.

In my opinion, these investments are not "get rich quick" you will need to be very patient and hold on to your position for a very long time if you want to see some nice gains.

Dice-Bet

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Dice-Bet.com | BTC, ETH, LTC | 0.7% HE | Invest

Quote from: milewilda on September 18, 2018, 12:21:39 PM

Quote from: veleten on September 18, 2018, 03:35:58 AM

Quote from: xandry on September 18, 2018, 12:33:42 AM

My experience of investment into two gambling sites:

Crypto-games.net:
02.08.2018 invested 1.42006574 btc in crypto-games.net, on 02.09.2018 profit has 0.00735331 btc, at the same time having closed site fee. Also I see advantage of crypto-games that it is possible to make investments in alternative cryptocurrencies and also to close the investment program and to take away money at any time. Next time I will check statistics 02.10.2018

Bustadice.com:
27.08.2018 invested 0.4 btc in "onsite investment". Profit makes today 0.00601833 btc. Not bad, yeah? BUT, it is impossible to take away money at any time because

Quote

minimum amount that can be invested or divested is Ƀ 0.01

source: https://bustadice.com/invest

It is the reason for which I don't recommend to invest here.

this is why I prefer to invest in sites that do not have any fancy requirements to divest your money
there is always a fine print like minimum amount or time lock or whatever gimmick
bitvest.io doesn't have this sort of requirements and you can divest any time and any amount and the minimum to invest is only 0.01 btc
cryptogames is good to invest in longterm , but they do not accept bitcoin investments anymore ,sadly

Not a new thing and these kind of restrictions or rules on divesting are common excluding on other sites but if you do look on your investment for long term then this wont really be a big issue for you.

Quote from: Dice-Bet on September 18, 2018, 12:07:29 PM

You can leverage between 0.25x and 50x with us -> https://dice-bet.com/ Cool

Why we should trust your site?

We have public addresses for investor funds now that have been signed by us:

BTC wallet signed:
message: dice-bet wallet
address: 33ydeDprSZJ7Z51EvNrYoRHEo3yD9nSaqJ
signature: JBk6aW8DNOskomQmWALY8/mgEQcPyEYwdQ+bCdPkqIcscAFsOtrxh3vitWuGwEqLcfi/p4W0G2f4xQUtXFXfPv4=

LTC wallet signed:
message: dice-bet wallet
address: MK7wPXC5J8RmFDyepvGDqjLiZpDiBjc2Kp
signature: IxZVflvnmXEjCRzqR5vOwz39w1VcDJX4AXO+DBlTMlfQOqQ21MQ/dEH2mvSZt+X14pa/krSLNPS8s8+iqFUZ2a0=

ETH wallet signed:
message: dice-bet wallet
address: 0xef3a173f0142bf318e6de2696a18fbd5183f1489
signature: 0x202c056cb53da4f252b038154ac2ec218e5d2b4fd255b2f522660fd5ab82c9be5909ca26ac3e6 70a86b2685ad15c34525496d68684a3f882deb6c3266f9ef50e1b

baby steps...

HiDevin

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so.. hru?

Quote from: BTCevo on September 19, 2018, 07:15:08 AM

Quote from: HiDevin on September 18, 2018, 12:49:16 PM

So just be weary of all swings, and I would just suggest investing in a 0.5x - 1x leverage over time if you want to make profits over time, to prevent yourself from getting ripped by 1 whale.

How are you going to get profit by investing that littl amount, may be in very long term you might do it but let say on SyGambler's case when he turns the casino as his own investment program, I believe that it will be not really good way to just let it slowly regain his profit there. Unless you have big unused money to put for very long term then it will do but to have monthly payment, I do really suggest that

I'm just looking for the best investment options right now in bitcoin gambling sites, I may start heavily investing in the future though, or put some of the money I get from trading into
Casinos.

BTCevo

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Activity: 1834

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Quote from: HiDevin on September 18, 2018, 12:49:16 PM

So just be weary of all swings, and I would just suggest investing in a 0.5x - 1x leverage over time if you want to make profits over time, to prevent yourself from getting ripped by 1 whale.

How are you going to get profit by investing that littl amount, may be in very long term you might do it but let say on SyGambler's case when he turns the casino as his own investment program, I believe that it will be not really good way to just let it slowly regain his profit there. Unless you have big unused money to put for very long term then it will do but to have monthly payment, I do really suggest that

HiDevin

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so.. hru?

Quote from: avikz on September 18, 2018, 02:17:28 AM

Quote from: HiDevin on September 15, 2018, 11:51:14 PM

I invested in 3 sites at the moment.
YoloDice ( 0.002 BTC 10x leverage )
Bustabit ( 0.01 BTC All Onsite )
BitVest ( 0.05 ETH with 10x leverage on dice and 5x leverage on the rest )

Can you please share the amounts of profits you are getting from these investments on weekly basis? I have not explored this market very well and I want to invest. So I want to know the profitability beforehand.

I have just checked yolodice and their website says,

over 666BTC already invested
over 290BTC in profits so far

So that's a profit of around 44% they have generated for their investors.

The bustadice website says,

Total bankroll   Ƀ 4,356.83587780
Onsite bankroll   Ƀ 1,503.10693987
Offsite bankroll   Ƀ 2,853.72893793
Investors' total profit   Ƀ 607.15138002

So it is around 14% of profit if I compare between total bankroll and investor's profit. These statistics are too good to be true! So I will appreciate if you can share your profitability here with us!

Most profits from casinos are dependent on the daily wagers amounts every day ( 1% house edge ) meaning they will earn the house will earn 1% on every bet over time.
Most likely a whale probably just played at those sites, and their profits either skyrocketed or plummeted down.
For example in Bustabit, investors almost lost 35% of their bankroll. So just be weary of all swings, and I would just suggest investing in a 0.5x - 1x leverage over time if you want to make profits over time, to prevent yourself from getting ripped by 1 whale.

Dice-Bet

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Dice-Bet.com | BTC, ETH, LTC | 0.7% HE | Invest

Quote from: milewilda on September 18, 2018, 12:21:39 PM

Why we should trust your site?

That is a good question - Like most good dice sites it will take time before we prove ourselves.

Topic: Investing in Gambling Sites (Read 823 times)