Is it profitable to invest in betting sites? - page 6.

pjsonowal

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Quote from: camelson on January 21, 2016, 01:09:44 PM

Quote from: pjsonowal on January 21, 2016, 01:05:13 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?

yeah it is profitable and also your investment may return loss as well .

This is because if a player losses you will get profit and if a player wins your investment will return you loss.
There is no limit to you return whether profit/loss. Some of the sites provide margin/multiplier to control the profit or loss(bitvest.io)

Let me ask a Question from you, Is it profitable to invest your money in gambling site? I think its more simple and clear, Because everyone Knows that "Gambling is Play at your Own risk" Its equal chances that you may loose or Win. But result is always negative. Because when you won a game you tries to play another in which you loose your money. There are many example. Those who can not control their nerves while gambling they always loose.

First thing first - Are we talking about investing or gambling?

Second thing - It is not likely that a user who won a game will always play another game.I agree with your statement but it is only limited to users who doesn't have any self-control.However i will like to markup some things that all gamblers are not without self-control ,there are still many gamblers who are pretty smart and can switch over strategies time to time to reap up some profit.

vendetahome

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i guess its more or less profitable even though it makes you only small amounts of money but still its better than just letting your money to stay in your wallet and not earn you anything

buyinbtc

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Quote from: bitgolden on January 21, 2016, 11:57:26 AM

Yes it is always Profitable in investing in famous gambling sites but I think the most important thing you need is luck. Past experience will help you to earn like choosing legit sites.

i agree that it can be profitable if you would hold your money in a casino for a very long time, but then there is a huge risk that the owners will just run away with your money, i wouldnt risk it

camelson

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Quote from: pjsonowal on January 21, 2016, 01:05:13 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?

yeah it is profitable and also your investment may return loss as well .

This is because if a player losses you will get profit and if a player wins your investment will return you loss.
There is no limit to you return whether profit/loss. Some of the sites provide margin/multiplier to control the profit or loss(bitvest.io)

Let me ask a Question from you, Is it profitable to invest your money in gambling site? I think its more simple and clear, Because everyone Knows that "Gambling is Play at your Own risk" Its equal chances that you may loose or Win. But result is always negative. Because when you won a game you tries to play another in which you loose your money. There are many example. Those who can not control their nerves while gambling they always loose.

pjsonowal

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Activity: 350

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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?

yeah it is profitable and also your investment may return loss as well .

This is because if a player losses you will get profit and if a player wins your investment will return you loss.
There is no limit to you return whether profit/loss. Some of the sites provide margin/multiplier to control the profit or loss(bitvest.io)

XinXan

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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.

SyGambler

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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

bitgolden

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Yes it is always Profitable in investing in famous gambling sites but I think the most important thing you need is luck. Past experience will help you to earn like choosing legit sites.

cazkooo

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Quote from: Supercrypt on January 21, 2016, 11:49:12 AM

I think its right and you are safe too with dice sites investment ( unless they scam ) , you can easily be assured that a dice site wont go in loss, unless people find a exploit, or the site is just too lucky for users.

There are of course alot of risk if people keep seeing this thing in different angle. This kind of risk should not be included in the risk level of investing in a dice site since it is more about paranoia rather than actual thing happening there. So far the number of trusted gambling investment site and those sites that scammed their investor is much higher

Supercrypt

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Quote from: Dennis7777 on January 21, 2016, 09:15:17 AM

Quote from: poplolnman on January 20, 2016, 05:49:34 PM

I've heard the average of profit from invest in gambling website is 1% per month hmmmm ...
So if you planning to double your money by investing to gambling website, at least you need 100 month to make it Cheesy

Small profit for guaranteed profit!

I don't think the average profit is that low. With a 1% house edge, it would mean the site has a very low asset turnover rate. As a see on http://dicesites.com/, the asset turnover rate is not that bad. For example, Bitdice has a bankroll of 1,677 and a weekly wagered of 807 while Satoshidice has a bankroll of 4,920 and a weekly wagered of 8852.

I think its right and you are safe too with dice sites investment ( unless they scam ) , you can easily be assured that a dice site wont go in loss, unless people find a exploit, or the site is just too lucky for users.

gizane

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Quote from: jerowacik on January 20, 2016, 07:04:21 PM

Quote from: pureelite on January 20, 2016, 05:11:33 PM

Investing in betting site is profitable,but it is long term
you will need to wait a really long time to reach a certain profit or even double your current amount of money

I have a different opinion .if we want to invest in gambling just takes a little time. in fact the most important risks.

What do you mean takes a little time? What I know if you want to invest you really need more time to get more profit, although this is gambling investment but the based is just the same. More time so you will get more wagered that means you have more profit

Dennis7777

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Quote from: poplolnman on January 20, 2016, 05:49:34 PM

I've heard the average of profit from invest in gambling website is 1% per month hmmmm ...
So if you planning to double your money by investing to gambling website, at least you need 100 month to make it Cheesy

Small profit for guaranteed profit!

I don't think the average profit is that low. With a 1% house edge, it would mean the site has a very low asset turnover rate. As a see on http://dicesites.com/, the asset turnover rate is not that bad. For example, Bitdice has a bankroll of 1,677 and a weekly wagered of 807 while Satoshidice has a bankroll of 4,920 and a weekly wagered of 8852.

jjacob

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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.

jerowacik

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Quote from: pureelite on January 20, 2016, 05:11:33 PM

Investing in betting site is profitable,but it is long term
you will need to wait a really long time to reach a certain profit or even double your current amount of money

I have a different opinion .if we want to invest in gambling just takes a little time. in fact the most important risks.

shulio

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Quote from: poplolnman on January 20, 2016, 05:49:34 PM

I've heard the average of profit from invest in gambling website is 1% per month hmmmm ...

It depends on the site that you are investing in. If the site has house edge of 2 % then you will be getting 2 % of the wagered amount and that is just on average because it could go unexpectedly higher than that or even lower than that so give or take some it will be the same amount of the wagered amount

poplolnman

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Quote from: pureelite on January 20, 2016, 05:11:33 PM

Investing in betting site is profitable,but it is long term
you will need to wait a really long time to reach a certain profit or even double your current amount of money

I've heard the average of profit from invest in gambling website is 1% per month hmmmm ...
So if you planning to double your money by investing to gambling website, at least you need 100 month to make it Cheesy

Small profit for guaranteed profit!

pureelite

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Investing in betting site is profitable,but it is long term
you will need to wait a really long time to reach a certain profit or even double your current amount of money

cazkooo

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Quote from: Astargath on January 20, 2016, 12:49:28 PM

However you are guaranteed to earn more clams long term.

The clams that you will get will be worthless if the price keep dropping. That is why people tend to not invest by using clams since there are alot of risk rather than investing btc straight. Even if you managed to get double of what you put in which is not possible but if the price drop by 50 % then you will not get anything as well

buyinbtc

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in my opinion it should be profitable as people lose their money usually in gambling websites and they can not do anything to avoid it so you should make some decent money by investing

vendetahome

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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

Topic: Is it profitable to invest in betting sites? - page 6. (Read 6922 times)