Is it profitable to invest in betting sites? - page 7.

doublemore

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

Quote from: elm on January 20, 2016, 06:54:44 AM

Quote from: Buziss on January 20, 2016, 06:09:58 AM

Quote from: GannickusX on January 20, 2016, 05:59:58 AM

It is basically guaranteed tho. If you invest in a trusted casino like just-dice. The chances of getting scammed by that casino are null and since investing in a casino is +EV, meaning you have better odds to get profit in the long term than not, yeah it is guaranteed, what are you not understanding?

The situation for investing in JD is a bit more complicated as you will need to take CLAM/BTC exchange rate into consideration as well. As you can see on https://poloniex.com/exchange#btc_clam, the exchange rate is very unstable (one year high: 0.0144 vs one year low: 0.00072). There is no guarantee that the rate will be stable in the future nor the rate will go up in the long term.

many investors earned a nice share with investing in JD but i agree that there is no guarantee that clams rate will be stable or going up

However you are guaranteed to earn more clams long term. Using that logic there is no btc investment that's good because btc price is just as unstable so why bother investing in anything?

I doubt anyone makes more BTC than good traders who can make several BTC per day on the price swings. The whales make god knows how much aswell. You could argue you might aswell learn how to trade or invest in other traders vs dice sites.

Astargath

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Quote from: elm on January 20, 2016, 06:54:44 AM

Quote from: Buziss on January 20, 2016, 06:09:58 AM

Quote from: GannickusX on January 20, 2016, 05:59:58 AM

It is basically guaranteed tho. If you invest in a trusted casino like just-dice. The chances of getting scammed by that casino are null and since investing in a casino is +EV, meaning you have better odds to get profit in the long term than not, yeah it is guaranteed, what are you not understanding?

The situation for investing in JD is a bit more complicated as you will need to take CLAM/BTC exchange rate into consideration as well. As you can see on https://poloniex.com/exchange#btc_clam, the exchange rate is very unstable (one year high: 0.0144 vs one year low: 0.00072). There is no guarantee that the rate will be stable in the future nor the rate will go up in the long term.

many investors earned a nice share with investing in JD but i agree that there is no guarantee that clams rate will be stable or going up

However you are guaranteed to earn more clams long term. Using that logic there is no btc investment that's good because btc price is just as unstable so why bother investing in anything?

doublemore

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Quote from: boopy265420 on January 18, 2016, 02:32:05 PM

If you have little money then it is not worth what you get in return as profit better play with some small amount may be you win.In other case when you have much money then be owner of the site and keep everything under your control to minimize the risks instead of giving money in hands of others.

Well yeah its not worth working out really hard if the ROI in % terms will be very high if you only have 0.05 or something to invest because even at 200% returns if you spent all day working an investment out it wont be worth your time. This goes for anything, time = money.

BTCevo

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Quote from: Mars110 on January 20, 2016, 03:13:36 AM

Quote from: hua_hui on January 19, 2016, 03:06:07 PM

Quote from: Shogen on January 19, 2016, 02:53:03 PM

Quote from: Supercrypt on January 19, 2016, 02:46:16 PM

It is good to invest in sites but if your bankroll is big and you have patience. If you have 0.05 or such, do not even think of such, at least do not expect double of it in 5 days. It is slow but stable !

Your return on investment is proportional to your investment size (and your Kelly setting if applicable). As a result, the time for a 0.05 btc investment to be doubled is roughly the same as the time for a 5 btc investment. I don't see any particular reason to suggest people only to make a big investment but not small investment.

yah. it is proportional, so it does not matter how much u invest, u wan more profit, u got to invest more. so far, i got like 15% in 1.5months. however, there can be times the profit drop a lot due to whale gamblers taking a huge winnings.

I agree with your thoughts. Investment in gambling sites have a very small profit.

Because in the gambling sites profit site is divided by all the investment. And sharing of results is also very low.
Better invest in the form of the exchanger, therefore more profitable and rarely a loser (if you know the market).
Bitcoin has value that is uncertain and it could be exploited to invest. Buy when the price is low and sell when high prices

Actually it depends on how much your balance that you invested more money to invest that means you got more too. And you must hope there are much wagered on the site and there are some people lose there to get some profit because now you are on house side so you need at least to think like house do. I would say it really depends although you invest in some exchanger you will not get much profit because all invest need take a long time to get more profit, same as invest on gambling site too

LuckyYOU

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Quote from: barbara44 on January 20, 2016, 08:43:02 AM

I think its not good because you get less interest and sometimes site scam then you loose.

That's why you should do research before putting down your money.
I've never invested into a gambling site because of the risks that I were to take
I would rather keep my bitcoins and let it grow by myself instead of investing it

haloum

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do not be , because it is not profitable for you , moreover , to the site is a scam

iwasneverhere

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investing makes money, but in order to see some real attainable goals, you need to invest heavily.

shulio

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Quote from: barbara44 on January 20, 2016, 09:17:13 AM

Quote from: shulio on January 20, 2016, 09:10:50 AM

Quote from: barbara44 on January 20, 2016, 08:43:02 AM

I think its not good because you get less interest and sometimes site scam then you loose.

Your statement is not correct at all. Assuming no site scam you since there are alot trusted gambling investment site around here then you will get more interest then putting your money in the bank. If you invested in a low wagered site then this probably true but most casino that offer investment has a decent wagered amount as well

Which you consider trusted ? I think we all thought dice.ninja is not scam, but we all know what happened later.

I cant sayfor sure which are considered as trusted because everything could go unexpectedly. Personally the most trusted site with investment around here will be just-dice but everyone of course have a different opinion about this thing since just-dice is using clams so the effect of the price of clams/btc could affect your investment as well

barbara44

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Quote from: shulio on January 20, 2016, 09:10:50 AM

Quote from: barbara44 on January 20, 2016, 08:43:02 AM

I think its not good because you get less interest and sometimes site scam then you loose.

Your statement is not correct at all. Assuming no site scam you since there are alot trusted gambling investment site around here then you will get more interest then putting your money in the bank. If you invested in a low wagered site then this probably true but most casino that offer investment has a decent wagered amount as well

Which you consider trusted ? I think we all thought dice.ninja is not scam, but we all know what happened later.

shulio

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Quote from: barbara44 on January 20, 2016, 08:43:02 AM

I think its not good because you get less interest and sometimes site scam then you loose.

Your statement is not correct at all. Assuming no site scam you since there are alot trusted gambling investment site around here then you will get more interest then putting your money in the bank. If you invested in a low wagered site then this probably true but most casino that offer investment has a decent wagered amount as well

barbara44

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I think its not good because you get less interest and sometimes site scam then you loose.

elm

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Quote from: Buziss on January 20, 2016, 06:09:58 AM

Quote from: GannickusX on January 20, 2016, 05:59:58 AM

It is basically guaranteed tho. If you invest in a trusted casino like just-dice. The chances of getting scammed by that casino are null and since investing in a casino is +EV, meaning you have better odds to get profit in the long term than not, yeah it is guaranteed, what are you not understanding?

The situation for investing in JD is a bit more complicated as you will need to take CLAM/BTC exchange rate into consideration as well. As you can see on https://poloniex.com/exchange#btc_clam, the exchange rate is very unstable (one year high: 0.0144 vs one year low: 0.00072). There is no guarantee that the rate will be stable in the future nor the rate will go up in the long term.

many investors earned a nice share with investing in JD but i agree that there is no guarantee that clams rate will be stable or going up

Buziss

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Quote from: GannickusX on January 20, 2016, 05:59:58 AM

It is basically guaranteed tho. If you invest in a trusted casino like just-dice. The chances of getting scammed by that casino are null and since investing in a casino is +EV, meaning you have better odds to get profit in the long term than not, yeah it is guaranteed, what are you not understanding?

The situation for investing in JD is a bit more complicated as you will need to take CLAM/BTC exchange rate into consideration as well. As you can see on https://poloniex.com/exchange#btc_clam, the exchange rate is very unstable (one year high: 0.0144 vs one year low: 0.00072). There is no guarantee that the rate will be stable in the future nor the rate will go up in the long term.

GannickusX

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Quote from: oser41eric on January 19, 2016, 01:36:54 PM

Quote from: Astargath on January 19, 2016, 01:29:19 PM

Quote from: RealPhotoshoper on January 18, 2016, 06:14:27 PM

Quote from: GannickusX on January 18, 2016, 08:06:16 AM

Quote from: RealPhotoshoper on January 18, 2016, 07:59:01 AM

Quote from: Chemistry1988 on January 17, 2016, 05:01:01 AM

Quote from: hua_hui on January 17, 2016, 02:49:30 AM

Quote from: Chemistry1988 on January 17, 2016, 02:20:44 AM

Quote from: strayanbit on January 17, 2016, 12:03:19 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.

What's your point? You want investments risk free? They do NOT exist, investments always have risk, this is a controlled risk, you know you have +EV so you know you are going to get profit eventually and you are not really risking all your money, It would be hard, close to impossible to lose 100 bitcoins if you invested them in a casino.

My point : investing in casino are profitable, but the risk is not worth.

I know there's no free-risk investment. But investing in casino / any other gambling site are not worth I think. They could be in trouble when the casino decide to disappeared/scam.

Reference :
https://bitcointalk.org/index.php?action=trust;u=97219

That makes no sense, what do you mean it's not worth? This is basically a guaranteed investment, you have more chances to get profit than not, how is that not worth? I would say it's actually extremely worth it as long as you are investing into trusted and well established casinos.

Then that is your opinion as the other is his personal preference and opinion, I am with him it is not worth investing in casino's now. For what you get in return for risking so many btc's it is not worth it [to me]. Yeh you make some profit but that is peanuts to what you can lose. To add there is never a guaranteed profit or even basically guaranteed profit. Thought clicking that link I was going to find a casino that had done a runner and scammed seems I was wrong.

It is basically guaranteed tho. If you invest in a trusted casino like just-dice. The chances of getting scammed by that casino are null and since investing in a casino is +EV, meaning you have better odds to get profit in the long term than not, yeah it is guaranteed, what are you not understanding?

Mars110

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Quote from: hua_hui on January 19, 2016, 03:06:07 PM

Quote from: Shogen on January 19, 2016, 02:53:03 PM

Quote from: Supercrypt on January 19, 2016, 02:46:16 PM

It is good to invest in sites but if your bankroll is big and you have patience. If you have 0.05 or such, do not even think of such, at least do not expect double of it in 5 days. It is slow but stable !

Your return on investment is proportional to your investment size (and your Kelly setting if applicable). As a result, the time for a 0.05 btc investment to be doubled is roughly the same as the time for a 5 btc investment. I don't see any particular reason to suggest people only to make a big investment but not small investment.

yah. it is proportional, so it does not matter how much u invest, u wan more profit, u got to invest more. so far, i got like 15% in 1.5months. however, there can be times the profit drop a lot due to whale gamblers taking a huge winnings.

I agree with your thoughts. Investment in gambling sites have a very small profit.

Because in the gambling sites profit site is divided by all the investment. And sharing of results is also very low.
Better invest in the form of the exchanger, therefore more profitable and rarely a loser (if you know the market).
Bitcoin has value that is uncertain and it could be exploited to invest. Buy when the price is low and sell when high prices

Shogen

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Activity: 966

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Quote from: Falconer on January 20, 2016, 12:45:49 AM

Quote from: Shogen on January 19, 2016, 02:53:03 PM

I don't see any particular reason to suggest people only to make a big investment but not small investment.

Assuming that the kelly is set to 1x automatically then it is pointless to make small investment. Yearly apr investment in gambling sites will only get you 50% maximum imo so if you put in 0.05 to get 0.p25 after 1 year then it is pointless. You could get more by playing with the btc price swing in a year

But it is still a 50% profit. Say for example, if you think that a potential 50% APR return is not good enough and prefer to gamble in dice yourself or day trade or make sports bets or make whatever investment with your 0.05 btc, shouldn't you make the same decision if you have 5 btc?

Falconer

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Quote from: Shogen on January 19, 2016, 02:53:03 PM

I don't see any particular reason to suggest people only to make a big investment but not small investment.

Assuming that the kelly is set to 1x automatically then it is pointless to make small investment. Yearly apr investment in gambling sites will only get you 50% maximum imo so if you put in 0.05 to get 0.p25 after 1 year then it is pointless. You could get more by playing with the btc price swing in a year

hua_hui

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Quote from: Shogen on January 19, 2016, 02:53:03 PM

Quote from: Supercrypt on January 19, 2016, 02:46:16 PM

It is good to invest in sites but if your bankroll is big and you have patience. If you have 0.05 or such, do not even think of such, at least do not expect double of it in 5 days. It is slow but stable !

Your return on investment is proportional to your investment size (and your Kelly setting if applicable). As a result, the time for a 0.05 btc investment to be doubled is roughly the same as the time for a 5 btc investment. I don't see any particular reason to suggest people only to make a big investment but not small investment.

yah. it is proportional, so it does not matter how much u invest, u wan more profit, u got to invest more. so far, i got like 15% in 1.5months. however, there can be times the profit drop a lot due to whale gamblers taking a huge winnings.

Shogen

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Quote from: Supercrypt on January 19, 2016, 02:46:16 PM

It is good to invest in sites but if your bankroll is big and you have patience. If you have 0.05 or such, do not even think of such, at least do not expect double of it in 5 days. It is slow but stable !

Your return on investment is proportional to your investment size (and your Kelly setting if applicable). As a result, the time for a 0.05 btc investment to be doubled is roughly the same as the time for a 5 btc investment. I don't see any particular reason to suggest people only to make a big investment but not small investment.

Supercrypt

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It is good to invest in sites but if your bankroll is big and you have patience. If you have 0.05 or such, do not even think of such, at least do not expect double of it in 5 days. It is slow but stable !

Topic: Is it profitable to invest in betting sites? - page 7. (Read 6922 times)