Is it profitable to invest in betting sites? - page 10.

RealPhotoshoper

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Quote from: Chemistry1988 on January 17, 2016, 06:01:01 AM

Quote from: hua_hui on January 17, 2016, 03:49:30 AM

Quote from: Chemistry1988 on January 17, 2016, 03:20:44 AM

Quote from: strayanbit on January 17, 2016, 01:03:19 AM

1% per a month is a lot more than most banks!

I have invested in a few different sites for some months. From my personal experience, the average return is a lot better than 1% a month. But I don't think it should be compared with the bank deposit rate, as the degree of risk is very much different.

can i know what is all the gambling sites u invest in? may be interested to divert my investment too.

Currently I have invested some bitcoin in Safedice and Just-dice, and I have previously invested in Moneypot, PRC and Bitdice.

Interesting, 1% profit monthly each site? If you invested 100 btc each site you get 1+1 = 2 bitcoin every month.
The question is, is it worth invested 100 bitcoin to get 1 bitcoin monthly? Hmmmm . is it profitable? Yes it is profitable. But I think risking too much money by invest on risk thing like gambling company is not good idea.

GannickusX

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Well, investing in casinos is +EV as far as I know so you would eventually be on profit if you invest long term, so yeah, definitely profitable and definitely better than betting yourself. The problem is that some casinos that accepted investments turned out to be scams so you have to be very careful.

strayanbit

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Quote

But banks never scam brother while the gambling sites most often do such. I remember people investing a lot in dice.ninja and then feeling really heart breaking when it scammed. So dont compare with bank please

I was replying to:

Quote

You can gain profit but its very low and i think its monthly interest just like a bank interest that you can only get 1% profit every month..

And you're right, a betting site is not a bank.

davinchi

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Quote from: strayanbit on January 17, 2016, 01:03:19 AM

1% per a month is a lot more than most banks!

But banks never scam brother while the gambling sites most often do such. I remember people investing a lot in dice.ninja and then feeling really heart breaking when it scammed. So dont compare with bank please

pooya87

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i personally don't like these two words together. invest and gamble never work together it is too risky. if you have a method that you have tested for long time and you are sure you can earn profit then betting yourself is a better option rather than investing with some website which can disappear one day.

magicmexican

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In theory, yes. Investing in a well reputable dice site, for example, should be +EV if you are near 100% that is has a sufficient bankroll to deal with swings, and will never just take off and run after first signs of trouble. Its still going to be a very low ROI investment, %-wise.

Making your own site is a whole different thing and is probably about 100x harder to achive, as it would require a ton more money to do so, not to mention gathering a competent group of people to work with.

Zontop

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You can make some money but the profit will be very less whereas in gambling you can make lot of money.There is big risk but chances are big too.Investing in gambling site is profitable when you run your own gambling site.

victoryboy

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It is profitable if you are lucky enough to find good site and have patience because house always win and remain with profit on long term basis.This is much more convenient than gambling to invest in some famous gambling site.

Daijess

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It depends on the site traffic , i have invested on Just dice last time when it first come out and made quite a good profit from it .

michinzx

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Quote from: JeWay on January 16, 2016, 10:37:57 PM

Investing in a betting site is more profitable than playing itself, because gambling sites has their own strategy to make the gambler lose their money
Cheesy

exactly, casino games are designed to make the player lose, and profit the casino. otherwise there would be no open casinos. thats why dice sites provide an auto betting tool for players so the martingale losers will lose faster Cheesy

many people are too blind to see this, the casino wouldnt put work into something if it cost them money.

Chemistry1988

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Quote from: hua_hui on January 17, 2016, 03:49:30 AM

Quote from: Chemistry1988 on January 17, 2016, 03:20:44 AM

Quote from: strayanbit on January 17, 2016, 01:03:19 AM

1% per a month is a lot more than most banks!

I have invested in a few different sites for some months. From my personal experience, the average return is a lot better than 1% a month. But I don't think it should be compared with the bank deposit rate, as the degree of risk is very much different.

can i know what is all the gambling sites u invest in? may be interested to divert my investment too.

Currently I have invested some bitcoin in Safedice and Just-dice, and I have previously invested in Moneypot, PRC and Bitdice.

BTCevo

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Quote from: socks435 on January 16, 2016, 10:45:20 PM

You can gain profit but its very low and i think its monthly interest just like a bank interest that you can only get 1% profit every month..

Nope it still depends on how much you invest. The more you put your invest the more profit you can get but there is a limit to your invest like for ie upper than 1 btc will get 1% or something like that but depends on variety on each site. Btw there is no way each bank can give you 1% each month that is too much

hua_hui

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Quote from: Chemistry1988 on January 17, 2016, 03:20:44 AM

Quote from: strayanbit on January 17, 2016, 01:03:19 AM

1% per a month is a lot more than most banks!

I have invested in a few different sites for some months. From my personal experience, the average return is a lot better than 1% a month. But I don't think it should be compared with the bank deposit rate, as the degree of risk is very much different.

can i know what is all the gambling sites u invest in? may be interested to divert my investment too.

Chemistry1988

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Quote from: strayanbit on January 17, 2016, 01:03:19 AM

1% per a month is a lot more than most banks!

I have invested in a few different sites for some months. From my personal experience, the average return is a lot better than 1% a month. But I don't think it should be compared with the bank deposit rate, as the degree of risk is very much different.

strayanbit

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1% per a month is a lot more than most banks!

socks435

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Privacy is always important

You can gain profit but its very low and i think its monthly interest just like a bank interest that you can only get 1% profit every month..

JeWay

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Investing in a betting site is more profitable than playing itself, because gambling sites has their own strategy to make the gambler lose their money
Cheesy

klf

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Quote from: spiritual3 on January 13, 2016, 02:11:59 AM

I tried it.. Even returns are also very low.. No use...

Returns may be slow and low but it is much better than gambling. If your gambling for money than you got more chances to lose money but if you invest money in casinos bankroll then over time you will make some profit. I like these investments than gambling but finding good sites to invest is quite challenging part.

strayanbit

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Anything greater than 10% is a pretty good investment imo, the best highest paying income stock on the ASX gives 6% and thats after franking. Be very wary of anything that offers anything in the double digits... SCAM ALERT

shulio

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Quote from: spiritual3 on January 13, 2016, 02:11:59 AM

I tried it.. Even returns are also very low.. No use...

You cant expect to be rich instantly like gambling because investing in a gambling sites is a long process and what you get is what you risk for. If you are risking only 0.1 % of the site' s bankroll then you cant expect to get more than 0.1% of every of the site's profit so unless you are patient and have some bankroll then it is actually a waste of time

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