Investing in Gambling Sites - page 2.

milewilda

legendary

Activity: 3094

Merit: 1127

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?

Dice-Bet

full member

Activity: 294

Merit: 102

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

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

veleten

legendary

Activity: 2016

Merit: 1107

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

wuvdoll

legendary

Activity: 1442

Merit: 1025

You basically become a house and the "house" in the "house always wins" which means investing in gambling site is a profitable investment however you need to care about two things before you do it.

First is trusting the website, do you trust the website enough that it is definitely making that much money from the house edge or it won't steal money and go and so forth, if you trust the casino that its fine, if you do not you are risking money.

Second one is not using that profits or dividends on gambling yourself, usually investment is done on the casino website and the gambling is right there, some people can't go against the temptation so try to not gamble with your investment.

avikz

legendary

Activity: 3080

Merit: 1500

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!

HiDevin

member

Activity: 226

Merit: 30

so.. hru?

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 don't think the "minimum amount invested or divested is 0.01" is a problem unless you are only investing with 0.01 BTC, then you wouldn't be able to divest because of the 1% dillution fee.

I would invest into crypto-games.net but the bankroll is so huge in my eyes, that I wouldn't make a decent amount of profit over a long span of time.

xandry

staff

Activity: 3472

Merit: 4111

Crypto Swap Exchange

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.

SyGambler

legendary

Activity: 2436

Merit: 1804

guess who's back

Quote from: BTCevo on September 17, 2018, 10:41:50 AM

I do not say that yolodice is good or bad but as far as I know because I have both thing with them. But there is no one are doing this as what you did. Let assume that they have no problem on their site, you may do this exactly good but when they are on maintenance or hit by ddos. This would not benefits us as investors or players as well. To make their investment as your secondary wallet would not a wise thing to do from the start, unless you know what you are doing right now

well yeah of course , but how often such problems happen ? they are really rare and so far I had no such problem at all with them
yeah of course using a site as a secondary wallet isn't that much recommended , but as I said I treat it as my gambling wallet and instead of letting the coins in my wallet it's way better to let them work in a casino IMO
but yeah I would be really pissed if I found an arbitrage for example and couldn't send BTC due to site maintenance or ddos Cheesy

BTCevo

legendary

Activity: 1834

Merit: 1008

Quote from: SyGambler on September 16, 2018, 04:02:11 AM

Quote from: slaman29 on September 16, 2018, 03:45:48 AM

Quote from: SyGambler on September 15, 2018, 12:34:02 AM

personally I'm an investor in yolodice ( I just treat it as my gambling savings wallet where I send profits from sportsbetting )
I always use the highest leverage which is X10 , this should generate more profit than normal leverage
it increases the risk as well but since we are investing on +EV business we should be more than fine with high leverage and as you can see the majority people there have X10 leverage

And how have your profits there been? I see on one thread in securities section one player/mod at crypto-games.net shows his statistics. Personally I also liked that casino and played every now and then, but for personal reasons I no longer play there. They had a good bankroll too.

Does anybody know what the largest dice bankroll for Bitcoin investment is? I might want to invest in the smallest, since this means my amount is the bigger share of the bankroll.

well I'm up 0.0047 btc , but can't judge it since I don't count it as a main investment and I keep investing and divesting so I have no exact numbers about ROI
the thing is that I store the bitcoins that I use for sportsbetting with yolodice so I count their investment tab as a wallet more than investment
for me it's better than leaving the spare btc in my own wallet , the profits from investing should be more than the fees I spend cause their fee is 4K satoshis per withdrawal most of the times

so what I'm sure about is that it's way better to invest in a casino that leaving the coins in your wallet , as long as the site is trusted of course
yeah I used to invest in crypto games but their bankroll is now way bigger than what people usually wager , so the profits are really small and as I stated the whole point of me investing in yolodice is just to treat it as my gambling wallet since they have instant withdrawals with low fees

I do not say that yolodice is good or bad but as far as I know because I have both thing with them. But there is no one are doing this as what you did. Let assume that they have no problem on their site, you may do this exactly good but when they are on maintenance or hit by ddos. This would not benefits us as investors or players as well. To make their investment as your secondary wallet would not a wise thing to do from the start, unless you know what you are doing right now

slaman29

legendary

Activity: 2674

Merit: 1226

Livecasino, 20% cashback, no fuss payouts.

Thank you very much to SyGambler and HiDevin for providing valuable information, I had no idea there were free withdrawals in casinos still, and I think the fee of 100-1000 satoshi is extremely reasonable especially since 1 site I'm using is 25k withdrawal. They used to be 10k, raised it to 25k during the mempool craziness but never lowered it again later. I don't even mind manual withdrawal actually. I don't really leave any funds for casino, but I don't mind using them as a cheap/free wallet:)

And yes, I had a bad experience with moneypot investment, so I only have 1 now, and invested indirectly with BitDice via their CSNO tokens.

Dice-Bet

full member

Activity: 294

Merit: 102

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

Diversify and test which leverage works best for you

HiDevin

member

Activity: 226

Merit: 30

so.. hru?

Quote from: kryptqnick on September 16, 2018, 12:03:02 PM

These are all decent casinos, so I think you made good decisions. However, I believe that the amounts of money you invested are extremely small. More than a year ago I was thinking about investing $10 or so in a casino (which was way more in btc at that time, of course), so I started a huge topic about small investments into bankrolls: https://bitcointalksearch.org/topic/m.17700316. I came to the conclusion that investing such small amounts will be useless, since it will take months before one will get profits, the they will be so insignificant, that a lot more will depend on the price of the crypto that was invested. But as an experiment - sure, it's pretty interesting. There was also a thread from a person who invested in many casinos that were the top ones at that time and looked at the dynamics of the profits and losses: https://bitcointalksearch.org/topic/bitcoin-gambling-investments-1585408.
Good luck!

Thank you, it's more of just me trying to increase my small balance of btc and eth Tongue

I don't mind the small investment I'm making because in my eyes, I'll be increasing my crypto balance not my fiat balance

Quote from: slaman29 on September 16, 2018, 03:45:48 AM

I see. Thank you for that information. 4k satoshi fee for withdrawal does sound very fair - of course I only pay a few 100 satoshi if I use my own wallet, but 4k compared to every other site I'm in is actually the lowest. I don't know any casino with free withdrawals anymore, are there?

Bustabit and Bustadice has withdraw fees of 100 sats to 1000 sats max

kryptqnick

legendary

Activity: 3248

Merit: 1402

Join the world-leading crypto sportsbook NOW!

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 )

These are all decent casinos, so I think you made good decisions. However, I believe that the amounts of money you invested are extremely small. More than a year ago I was thinking about investing $10 or so in a casino (which was way more in btc at that time, of course), so I started a huge topic about small investments into bankrolls: https://bitcointalksearch.org/topic/m.17700316. I came to the conclusion that investing such small amounts will be useless, since it will take months before one will get profits, the they will be so insignificant, that a lot more will depend on the price of the crypto that was invested. But as an experiment - sure, it's pretty interesting. There was also a thread from a person who invested in many casinos that were the top ones at that time and looked at the dynamics of the profits and losses: https://bitcointalksearch.org/topic/bitcoin-gambling-investments-1585408.
Good luck!

SyGambler

legendary

Activity: 2436

Merit: 1804

guess who's back

Quote from: slaman29 on September 16, 2018, 06:58:31 AM

Quote from: SyGambler on September 16, 2018, 04:02:11 AM

Quote from: slaman29 on September 16, 2018, 03:45:48 AM

Quote from: SyGambler on September 15, 2018, 12:34:02 AM

personally I'm an investor in yolodice ( I just treat it as my gambling savings wallet where I send profits from sportsbetting )
I always use the highest leverage which is X10 , this should generate more profit than normal leverage
it increases the risk as well but since we are investing on +EV business we should be more than fine with high leverage and as you can see the majority people there have X10 leverage

And how have your profits there been? I see on one thread in securities section one player/mod at crypto-games.net shows his statistics. Personally I also liked that casino and played every now and then, but for personal reasons I no longer play there. They had a good bankroll too.

Does anybody know what the largest dice bankroll for Bitcoin investment is? I might want to invest in the smallest, since this means my amount is the bigger share of the bankroll.

well I'm up 0.0047 btc , but can't judge it since I don't count it as a main investment and I keep investing and divesting so I have no exact numbers about ROI
the thing is that I store the bitcoins that I use for sportsbetting with yolodice so I count their investment tab as a wallet more than investment
for me it's better than leaving the spare btc in my own wallet , the profits from investing should be more than the fees I spend cause their fee is 4K satoshis per withdrawal most of the times

so what I'm sure about is that it's way better to invest in a casino that leaving the coins in your wallet , as long as the site is trusted of course
yeah I used to invest in crypto games but their bankroll is now way bigger than what people usually wager , so the profits are really small and as I stated the whole point of me investing in yolodice is just to treat it as my gambling wallet since they have instant withdrawals with low fees

I see. Thank you for that information. 4k satoshi fee for withdrawal does sound very fair - of course I only pay a few 100 satoshi if I use my own wallet, but 4k compared to every other site I'm in is actually the lowest. I don't know any casino with free withdrawals anymore, are there?

It does make sense that casinos make more money in the long run, but I had a bad experience with moneypot, which was the only investment I ever did with Bitcoin. I think it made money initially, but I ended up losing almost 30% of my deposit when they kept losing money to people who won big. I dread thinking if I had done x10 margin, I might have lost even more.

regarding if is there casinos that offer free withdrawals , yeah personally I use bitcoinrush and sportsbet.io and both of them don't charge any fee on withdrawals
bitcoinrush withdrawals aren't instant , sportsbet are instant most of the times

regarding your investment with moneypot that's really unfortunate , to be honest I made profit in all the casinos I invested in but I never invested in moneypot
anyways don't judge it based on your experience with them , you should do fine with all the other sites since all the ones I know are in profit and mathematically you are doing the right thing

it won't make fortunes but as I stated before it's better than letting the coins in the wallet IMO

slaman29

legendary

Activity: 2674

Merit: 1226

Livecasino, 20% cashback, no fuss payouts.

Quote from: SyGambler on September 16, 2018, 04:02:11 AM

Quote from: slaman29 on September 16, 2018, 03:45:48 AM

Quote from: SyGambler on September 15, 2018, 12:34:02 AM

personally I'm an investor in yolodice ( I just treat it as my gambling savings wallet where I send profits from sportsbetting )
I always use the highest leverage which is X10 , this should generate more profit than normal leverage
it increases the risk as well but since we are investing on +EV business we should be more than fine with high leverage and as you can see the majority people there have X10 leverage

And how have your profits there been? I see on one thread in securities section one player/mod at crypto-games.net shows his statistics. Personally I also liked that casino and played every now and then, but for personal reasons I no longer play there. They had a good bankroll too.

Does anybody know what the largest dice bankroll for Bitcoin investment is? I might want to invest in the smallest, since this means my amount is the bigger share of the bankroll.

well I'm up 0.0047 btc , but can't judge it since I don't count it as a main investment and I keep investing and divesting so I have no exact numbers about ROI
the thing is that I store the bitcoins that I use for sportsbetting with yolodice so I count their investment tab as a wallet more than investment
for me it's better than leaving the spare btc in my own wallet , the profits from investing should be more than the fees I spend cause their fee is 4K satoshis per withdrawal most of the times

so what I'm sure about is that it's way better to invest in a casino that leaving the coins in your wallet , as long as the site is trusted of course
yeah I used to invest in crypto games but their bankroll is now way bigger than what people usually wager , so the profits are really small and as I stated the whole point of me investing in yolodice is just to treat it as my gambling wallet since they have instant withdrawals with low fees

I see. Thank you for that information. 4k satoshi fee for withdrawal does sound very fair - of course I only pay a few 100 satoshi if I use my own wallet, but 4k compared to every other site I'm in is actually the lowest. I don't know any casino with free withdrawals anymore, are there?

It does make sense that casinos make more money in the long run, but I had a bad experience with moneypot, which was the only investment I ever did with Bitcoin. I think it made money initially, but I ended up losing almost 30% of my deposit when they kept losing money to people who won big. I dread thinking if I had done x10 margin, I might have lost even more.

Samarkand

sr. member

Activity: 658

Merit: 282

Quote from: slaman29 on September 16, 2018, 03:45:48 AM

...
Does anybody know what the largest dice bankroll for Bitcoin investment is? I might want to invest in the smallest, since this means my amount is the bigger share of the bankroll.

Bustadice, Bustabit (not a dice website) and CryptoGames have the largest Bitcoin bankroll.
You can check for yourself at:
https://dicesites.com/ (sort by Total invested)

The smallest bankroll of all listed sites has Safedice. However, the admin is responding
very rarely to questions in the Bitcointalk thread and people always have to wait for a long time
if they have a problem. I´m not sure if I would invest in the Safedice bankroll for this reason.

SyGambler

legendary

Activity: 2436

Merit: 1804

guess who's back

Quote from: slaman29 on September 16, 2018, 03:45:48 AM

Quote from: SyGambler on September 15, 2018, 12:34:02 AM

personally I'm an investor in yolodice ( I just treat it as my gambling savings wallet where I send profits from sportsbetting )
I always use the highest leverage which is X10 , this should generate more profit than normal leverage
it increases the risk as well but since we are investing on +EV business we should be more than fine with high leverage and as you can see the majority people there have X10 leverage

And how have your profits there been? I see on one thread in securities section one player/mod at crypto-games.net shows his statistics. Personally I also liked that casino and played every now and then, but for personal reasons I no longer play there. They had a good bankroll too.

Does anybody know what the largest dice bankroll for Bitcoin investment is? I might want to invest in the smallest, since this means my amount is the bigger share of the bankroll.

well I'm up 0.0047 btc , but can't judge it since I don't count it as a main investment and I keep investing and divesting so I have no exact numbers about ROI
the thing is that I store the bitcoins that I use for sportsbetting with yolodice so I count their investment tab as a wallet more than investment
for me it's better than leaving the spare btc in my own wallet , the profits from investing should be more than the fees I spend cause their fee is 4K satoshis per withdrawal most of the times

so what I'm sure about is that it's way better to invest in a casino that leaving the coins in your wallet , as long as the site is trusted of course
yeah I used to invest in crypto games but their bankroll is now way bigger than what people usually wager , so the profits are really small and as I stated the whole point of me investing in yolodice is just to treat it as my gambling wallet since they have instant withdrawals with low fees

slaman29

legendary

Activity: 2674

Merit: 1226

Livecasino, 20% cashback, no fuss payouts.

Quote from: SyGambler on September 15, 2018, 12:34:02 AM

personally I'm an investor in yolodice ( I just treat it as my gambling savings wallet where I send profits from sportsbetting )
I always use the highest leverage which is X10 , this should generate more profit than normal leverage
it increases the risk as well but since we are investing on +EV business we should be more than fine with high leverage and as you can see the majority people there have X10 leverage

And how have your profits there been? I see on one thread in securities section one player/mod at crypto-games.net shows his statistics. Personally I also liked that casino and played every now and then, but for personal reasons I no longer play there. They had a good bankroll too.

Does anybody know what the largest dice bankroll for Bitcoin investment is? I might want to invest in the smallest, since this means my amount is the bigger share of the bankroll.

HiDevin

member

Activity: 226

Merit: 30

so.. hru?

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 )

Activity: 36

Merit: 0

It depends on the site bankroll and daily net profit. If you proportion your leverage based on the range which people win/lose per day, you will be able to find the sweet spot. takes some improvisation, but once you get the hang of it you can make quite a bit of money hedging against winning players, as more often than not they lose anyway.

Topic: Investing in Gambling Sites - page 2. (Read 818 times)