Is it profitable to invest in betting sites? - page 5.

redsun114

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Quote from: randchingo on January 22, 2016, 09:33:24 AM

I tried investing in PocketRocketCasino before and it was relatively good, Earned a small percentage of profit "could have been more if I kept the deposit for just a week more", it's relatively better to be the one with the house edge. Didn't try moneypot yet though.

Moneypot is a good idea, but owners changed recently, so maybe wait a little.

randchingo

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I tried investing in PocketRocketCasino before and it was relatively good, Earned a small percentage of profit "could have been more if I kept the deposit for just a week more", it's relatively better to be the one with the house edge. Didn't try moneypot yet though.

michinzx

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Quote from: vendetahome on January 20, 2016, 03:07:38 PM

of course it is profitable to do that in the long time if you make it as a long term investment, if i had a lot of bitcoins i would definitely invest my money as it would make more easy money

no "of course," just should be. theres no telling if the casino might have quite a few lucky bettors in the long term, its just a lot more likely that investing will profit as opposed to betting as a player. however, the trust in the site that allows investments is a risk too, you are handing over control of your coins to the website, and they could just take them and disappear if they wanted to.

phibay

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Quote from: redsun114 on January 22, 2016, 07:44:59 AM

Quote from: acquafredda on January 22, 2016, 05:22:37 AM

I tried to invest with Moneypot once but with a low investment I didn't get much back.

I would try maybe with a more established platform even though that's not my kind of investment really.

Why not start providing loans ? its much better , but yes there is risk too.

And I think investing in gambling sites is a good idea too unless they dont scam at the end.

there are much more scams on loans especially on peer to peer lending sites such as btcjam and loanbase compared to gambling sites. loans will be only less risky if you will lend on this forum and ask for a collateral for every loan request.

KIMMY91

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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?
[/quote
For me, both can be use. Investing in the betting sites will gave you chance to save your money. Who knows, if the investment will getting higher, you gonna have some profit from there. At the same time, betting in the site also good. Take some bet, plus a great luck, surely you can win.

Mars110

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in my opinion, it depends on each person. Because every activity it also has its own advantages. If we choose to investing in betting sites certainly we only get the profit which is always the same and vice versa, if we do the betting will certainly benefit is uncertain and there remains that is sometimes a great advantage, or loss. If you want to get the benefits that remain the same and please investing in betting sites and if you want to test your luck please vote betting

redsun114

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Quote from: titibach on January 22, 2016, 07:51:04 AM

Quote from: BTC Tipster on January 22, 2016, 05:15:01 AM

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?

Investment is like locking your money and can't withdraw or get it back for x x days.
Gambling is just bet your amount size, earn within specific time period if you know how to!

What site that lock your money for few days when you invest? I don't know there are site like that unless ponzi

Indeed, I invested with bitdice some time ago, and I was given the freedom to withdraw anytime.

titibach

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Quote from: BTC Tipster on January 22, 2016, 05:15:01 AM

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?

Investment is like locking your money and can't withdraw or get it back for x x days.
Gambling is just bet your amount size, earn within specific time period if you know how to!

What site that lock your money for few days when you invest? I don't know there are site like that unless ponzi

redsun114

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Leading Crypto Sports Betting & Casino Platform

Quote from: acquafredda on January 22, 2016, 05:22:37 AM

I tried to invest with Moneypot once but with a low investment I didn't get much back.

I would try maybe with a more established platform even though that's not my kind of investment really.

Why not start providing loans ? its much better , but yes there is risk too.

And I think investing in gambling sites is a good idea too unless they dont scam at the end.

Astargath

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Quote from: SyGambler on January 22, 2016, 05:13:43 AM

Quote from: XinXan on January 21, 2016, 12:58:31 PM

Quote from: SyGambler on January 21, 2016, 12:20:38 PM

Quote from: jjacob on January 20, 2016, 08:19:28 PM

The biggest risk in investing in (online) betting companies is that the owner might run away with your money.
Other things to consider are the site's security practices.
If these things are settled, the house tends to make a decent return on bankroll.

well when a site build a good repu I don't think the owner will run with the money , cause the owner is already making money and he has a great passive income
trusted sites are well known theses days , just try to not invest in new sites or in sites which offer huge giveaways and faucet like Dadice

The biggest problem is that well established and well known casinos don't need investments so they don't implement that option. Sure just-dice has an investment option but remember that you are investing in CLAMS which can be extremely volatile meaning no guarantees whatsoever.

nah buddy , there are plenty of trusted sites that accept investments
each Admin has a certain view for his business , some sites like to do their business alone and others like to open investment
in the first case the site will make profit in the long run and more than sites that allow their players to invest but this case needs a huge bankroll and the admin will face losing and winning days
while the Admins in sites that accept investments are making money daily cause they are taking commissions if there investors won or lost

Hmm, like what? The only casinos I know accept investments and are very trusted are just-dice and moneypot, primedice does not accept investments for example neither does rollin.io and those are the most trusted casinos really.

HarizDB

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I've actually never really made a thought about this subject. Surely, you could make your money back with profit investing in major betting sites - but wouldn't that require huge funds? I don't think I've ever seen a betting site have stocks. Maybe you should find some kind of studies/report on the betting world, especially about online betting, and see if it is profitable to invest in.

acquafredda

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I tried to invest with Moneypot once but with a low investment I didn't get much back.

I would try maybe with a more established platform even though that's not my kind of investment really.

SyGambler

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guess who's back

Quote from: BTC Tipster on January 22, 2016, 05:15:01 AM

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?

Investment is like locking your money and can't withdraw or get it back for x x days.
Gambling is just bet your amount size, earn within specific time period if you know how to!

why investment is like locking your money ? Huh

when you invest in gambling sites they let you withdraw your money whenever you want , at least all the sites that I know allow their member to do this
do you know a site that doesn't let their member to divest till a specific time since they have invested ?

BTC Tipster

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★Bitvest.io★ Play Plinko or Invest!

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?

Investment is like locking your money and can't withdraw or get it back for x x days.
Gambling is just bet your amount size, earn within specific time period if you know how to!

SyGambler

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Activity: 2436

Merit: 1804

guess who's back

Quote from: XinXan on January 21, 2016, 12:58:31 PM

Quote from: SyGambler on January 21, 2016, 12:20:38 PM

Quote from: jjacob on January 20, 2016, 08:19:28 PM

The biggest risk in investing in (online) betting companies is that the owner might run away with your money.
Other things to consider are the site's security practices.
If these things are settled, the house tends to make a decent return on bankroll.

well when a site build a good repu I don't think the owner will run with the money , cause the owner is already making money and he has a great passive income
trusted sites are well known theses days , just try to not invest in new sites or in sites which offer huge giveaways and faucet like Dadice

The biggest problem is that well established and well known casinos don't need investments so they don't implement that option. Sure just-dice has an investment option but remember that you are investing in CLAMS which can be extremely volatile meaning no guarantees whatsoever.

nah buddy , there are plenty of trusted sites that accept investments
each Admin has a certain view for his business , some sites like to do their business alone and others like to open investment
in the first case the site will make profit in the long run and more than sites that allow their players to invest but this case needs a huge bankroll and the admin will face losing and winning days
while the Admins in sites that accept investments are making money daily cause they are taking commissions if there investors won or lost

bitlancr

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It can be profitable if the sites itself are relaible.

To determine this you should be able to talk to them and see if they work professionally.

frendsento

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well this is the question most likely to ask by a member that is new to gambling my opinion is this , yes it is profitable to invest n gambling site like making your own gambling site because the house is more likely to make a profit in a long run however when investing your bitcoin in a gambling site that is pretty different question but i know that it more safe to invest in gambling site than to gamble by yourself.

pooya87

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Quote from: WEBcreator on January 22, 2016, 01:34:53 AM

Quote from: Sir_lagsalot on January 21, 2016, 11:52:11 PM

Due to the house edge, investing in big casinos is very profitable. If they have high traffic, many people will be betting, and due to the house edge, will most likely be losing. And with this huge traffic, it can cover big wins made by players.

If you consider all aspect then there is always a risk to it especially when variances turn against the house and make players win then the house will suffer thus that means the investor will suffer as well . Variances happen rarely but once it happens then it is always hurt no matter what, so there is always a risk

i agree. and i always am going to be afraid about if they are planning to close the site down and run away with the money before i even get my initial investment back 1% at a time.
trusting people online and especially in bitcoin world with all the scams and anonymity is super hard.

WEBcreator

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Quote from: Sir_lagsalot on January 21, 2016, 11:52:11 PM

Due to the house edge, investing in big casinos is very profitable. If they have high traffic, many people will be betting, and due to the house edge, will most likely be losing. And with this huge traffic, it can cover big wins made by players.

If you consider all aspect then there is always a risk to it especially when variances turn against the house and make players win then the house will suffer thus that means the investor will suffer as well . Variances happen rarely but once it happens then it is always hurt no matter what, so there is always a risk

Sir_lagsalot

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Due to the house edge, investing in big casinos is very profitable. If they have high traffic, many people will be betting, and due to the house edge, will most likely be losing. And with this huge traffic, it can cover big wins made by players.

Topic: Is it profitable to invest in betting sites? - page 5. (Read 6932 times)