Is it profitable to invest in betting sites? - page 12.

davinchi

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Quote from: Tavos on January 10, 2016, 08:27:03 PM

Investing is probably the better option, though both are risky. Depends on if you want longer term profit or short term,

Yes both are risky but gambling is rather too much risky. Basically with investing you are playing against users and I never seen a site going in loss, so how can a investor go in loss ? Yeah , maybe slow or less but there are little assurance for some profits.

spiritual3

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Quote from: mtnsaa on January 11, 2016, 12:55:49 AM

I've always wondered this myself. When I had some XMR I invested in their dice site for a week just to see how it works. Short term is very variable and you could lose money, plenty of it too. So the only option is long term, the problem here is that like many of you mentioned your money is exposed and this is Bitcoin land, a site is legit until it isn't. I would only try MoneyPot but no BTC site is immune to "hacks" or "ddos attacks"...

Yes. I too suggest moneypot. I invested little money also to check the process. If it gives good result, i am going to invest little more..

WEBcreator

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Quote from: Erza on January 11, 2016, 12:35:25 AM

Yeah investing on betting site, you will get some profit in a long term but it really depends on your funds to when you will get huge profit or not.

It doesnt matter if you have a huge invesment or not because you will get profit or even lose your invesment according to the percentage that you invest in. If you suppport 1% investment bankroll then you will get either 1% profit or 1% lose so it depends on the bankroll itself

mtnsaa

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I've always wondered this myself. When I had some XMR I invested in their dice site for a week just to see how it works. Short term is very variable and you could lose money, plenty of it too. So the only option is long term, the problem here is that like many of you mentioned your money is exposed and this is Bitcoin land, a site is legit until it isn't. I would only try MoneyPot but no BTC site is immune to "hacks" or "ddos attacks"...

Erza

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Quote from: neochiny on January 10, 2016, 11:45:34 PM

Quote from: spiritual3 on January 09, 2016, 12:12:21 PM

I requested opinions from our members about which is profitable.
Investing in betting sites or betting our self?

In my opinion and experience.
It is best to invest on betting sites.
But in investing it should be long term.
I tried short term and lose a little. but
compare on betting against the house edge.
It is better. but you need to choose a legit site. Tongue

Yeah investing on betting site, you will get some profit in a long term but it really depends on your funds to when you will get huge profit or not. there are so many legit site that have opened investment. The problem is which one will you choose to place one bet most of your money or by putting some small amount of money in each site

neochiny

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Quote from: spiritual3 on January 09, 2016, 12:12:21 PM

I requested opinions from our members about which is profitable.
Investing in betting sites or betting our self?

In my opinion and experience.
It is best to invest on betting sites.
But in investing it should be long term.
I tried short term and lose a little. but
compare on betting against the house edge.
It is better. but you need to choose a legit site. Tongue

debuni

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In a long-run it is. House edge is a house edge and always win.
But in short-run even casino/dice bankroll can suffer from players winning. Another risk is site to be "hacked" (owner to gone with players/investors money).

Supercrypt

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Quote from: dodgecharger on January 10, 2016, 09:43:58 AM

Quote from: strayanbit on January 10, 2016, 07:53:20 AM

Which casinos can you invest in their stake?
Wouldn't stock in the casino be a better idea?

Like Betking, SafeDice, Just-Dice,MoneyPot Etc, they are existing long time and have a good reputation of paying out, just as hua-hui mentioned, being popular and having good reputation. You could try with little money first. When you feel comfortable, you could invest more.

Yes but you should always be very sure that the site in which you are going to invest is a legit and trusted site.
I have seen sites which had a lot of reputation yet they scammed. You may get attracted with the profit but at the same time keep checking at the site, be safe only with the best sites.

michinzx

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Quote from: hua_hui on January 10, 2016, 11:24:21 AM

Quote from: Duomo on January 10, 2016, 11:19:42 AM

You should be familiar with what you are investing in and understand the inherent risks beforehand. If you are trying to invest in gambling sites rather then gamble, you will definitely be safer since it is unpredictable if you will even have money left over with gambling. With investing your money, at least you have a certain amount you can assume will have a decent but not guaranteed rate of return.

well, we all should know not to gamble cause it is always fighting the lossing battle of house edge. however, when u invest, the house edge become on your side. so you tend to win more and that is why i feel invest is a good choice for rep site.

its less risky in terms of expected profit, but you should keep in mind that you are giving the casino owner control of your bitcoins if you invest, you need to know your coins are safe with the owner before deciding to stake your money there, which is a separate risk itself.

Pony789

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Quote from: spiritual3 on January 10, 2016, 08:10:38 PM

After seeing all the above opinions ..I invested some funds in moneypot. It is just to check .. i request the members.. if there is any good sites to invest..

As mentioned by some posts already, trustworthiness is the most important factor in choosing a site to invest. In this regard, other than Moneypot, there are a few other good sites, like Just-dice, Betking and Bitdice.

Tavos

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Investing is probably the better option, though both are risky. Depends on if you want longer term profit or short term,

spiritual3

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After seeing all the above opinions ..I invested some funds in moneypot. It is just to check .. i request the members.. if there is any good sites to invest..

hua_hui

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Quote from: Duomo on January 10, 2016, 11:19:42 AM

You should be familiar with what you are investing in and understand the inherent risks beforehand. If you are trying to invest in gambling sites rather then gamble, you will definitely be safer since it is unpredictable if you will even have money left over with gambling. With investing your money, at least you have a certain amount you can assume will have a decent but not guaranteed rate of return.

well, we all should know not to gamble cause it is always fighting the lossing battle of house edge. however, when u invest, the house edge become on your side. so you tend to win more and that is why i feel invest is a good choice for rep site.

Duomo

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☃

You should be familiar with what you are investing in and understand the inherent risks beforehand. If you are trying to invest in gambling sites rather then gamble, you will definitely be safer since it is unpredictable if you will even have money left over with gambling. With investing your money, at least you have a certain amount you can assume will have a decent but not guaranteed rate of return.

Pony789

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Quote from: cancerbola on January 10, 2016, 05:40:42 AM

Quote from: BTCevo on January 10, 2016, 03:30:11 AM

It still depends on your investment. If you invest more may be you can get more in couple of weeks but if you only make a low investment I dont think you can get that much. And this is depends on a big whale too. If many big whale drop I think you will get a bigger bonus too

There's a saying something along these lines "What you put in, is what you get out".
It's all proportional, it doesn't matter how much you put in, a 10% gain from an investment of 1k bits will have the same percentage gain of an investment of 10k bits.
But it's true what you said about how profits only start being noticeable in high quantities. Fun story, I once put in 70 bits into the investment and got 75 bits a month later. Even though on paper it was a juicy 7% gain, it was only a 5 bit profit in the end...

Keep in mind, investing into the house bankroll means that now you're on the house's side, so it is +EV for you, which is a good thing. The profit you gain is just a matter of the time, house edge, bet volume and player's luck.

A 7% gain in a month (when converted to APR it is 125%) is amazing. I am curious which site is that. Is it a new site with a very small bankroll but relatively many players?

hua_hui

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i prefer to invest den to bet. at least i know i will never lose it all. and if it is nothing weird going on, house edge should be on ur side so you can profit from it normally.

safari88

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both have risk, but I prefer betting own. can make a safe bet, but it does not guarantee to win, at least the chance of winning a greater

Holdaaja

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Of course investing is safer. Because then house edge is on you side.
For same reason you have higher change to lose than win when gambling.

BTCevo

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Quote from: cancerbola on January 10, 2016, 05:40:42 AM

Quote from: BTCevo on January 10, 2016, 03:30:11 AM

It still depends on your investment. If you invest more may be you can get more in couple of weeks but if you only make a low investment I dont think you can get that much. And this is depends on a big whale too. If many big whale drop I think you will get a bigger bonus too

There's a saying something along these lines "What you put in, is what you get out".
It's all proportional, it doesn't matter how much you put in, a 10% gain from an investment of 1k bits will have the same percentage gain of an investment of 10k bits.
But it's true what you said about how profits only start being noticeable in high quantities. Fun story, I once put in 70 bits into the investment and got 75 bits a month later. Even though on paper it was a juicy 7% gain, it was only a 5 bit profit in the end...

Keep in mind, investing into the house bankroll means that now you're on the house's side, so it is +EV for you, which is a good thing. The profit you gain is just a matter of the time, house edge, bet volume and player's luck.

Btw 7% is around 5bit profit so if you put more on your invest I think you could earn more than just 5 bit. And I think that is depends on the house, there is no way they could guarantee your profit just like that. Yeah ir is fun to be on house side but still heart beating when big whale coming or some lucky player have big win

buyinbtc

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of course it is profitable, people lose money in casinos what means that they would make you some profit, if i had a lot of money i would definitely invest it and make some decent profit out of it

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