Is it profitable to invest in betting sites? - page 8.

oser41eric

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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.

Buziss

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

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

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.

He is talking about the risk of getting scammed by the site. I have no idea about the incident between BAC and PRC but in general that risk always exists. It is a lot higher if you invest in a new site, and it is a lot lower (but still nonzero) if you invest in an old site. Everyone has a different risk appetite, so it is normal to have someone happily taking the risk for some profit while for someone to stay away from it.

Astargath

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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.

jt byte

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Offcourse it is. With more budget they can do more marketing.
More marketing will bring more customers.

More customers is more profit and so you get your investment back (if all goes well offcourse).

Altynbekova

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I've always wondered this. Because there are so many scam.
Can someone share their experience with a gambling site investment?
How do you monitor you earnings for example?

Do they give it to you or can you see stats?

mrcashking

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Quote from: cazkooo on January 19, 2016, 01:31:12 AM

Quote from: Omikifuse on January 18, 2016, 08:13:33 PM

It is, if they don't run with your funds or if your account is not hacked.

Of course the actual return is variable and may not cover the inflation, depending of where you live

The actual return is variable but on average it will almost be the same as the house edge. If the site has house edge of 1% then the average return will be 1% as well of the wagered btc. You need to put in more into the bankroll if you wish to cover the inflation rate of your country. If you just put few dollars in there then it is not really worth it

The one percent profit is then divided among the share holders depending on the amount they hold in the wallet.It will be far more than 1% if you invest more than 20% of the wallet funds.It will be a lot profitable then.

BTCevo

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Quote from: Omikifuse on January 18, 2016, 08:13:33 PM

It is, if they don't run with your funds or if your account is not hacked.

Of course the actual return is variable and may not cover the inflation, depending of where you live

I dont really think that they will run with our funds. Because before we put our investment we will make sure everything is good so for hacked or site run away that is not a problem anymore unless people are stupid enough to put on scammed site. But there is so many recommendation out there for good investment site. Of course high investment will give you high profit too depends on your balance too

Anmol_Verma

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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?

investing in betting site is better as it is less risky and you not gamble away your money by this way.betting yourself is risky though and more profitable if you win.

cazkooo

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Quote from: Omikifuse on January 18, 2016, 08:13:33 PM

It is, if they don't run with your funds or if your account is not hacked.

Of course the actual return is variable and may not cover the inflation, depending of where you live

The actual return is variable but on average it will almost be the same as the house edge. If the site has house edge of 1% then the average return will be 1% as well of the wagered btc. You need to put in more into the bankroll if you wish to cover the inflation rate of your country. If you just put few dollars in there then it is not really worth it

strayanbit

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Quote from: adaseb on January 18, 2016, 10:26:27 PM

Quote from: Omikifuse on January 18, 2016, 08:13:33 PM

It is, if they don't run with your funds or if your account is not hacked.

Of course the actual return is variable and may not cover the inflation, depending of where you live

Thats only true if its a new site but most of the old ones won't rob you . BUt if there isnt enough capital what will happen is you will end up being cleaned out by a large whale.

Yeah in that link i posted above it shows the current volume and EV of some of the major casinos.

damiano

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103 days, 21 hours and 10 minutes.

Quote from: RealPhotoshoper on January 18, 2016, 07:58:19 PM

Quote from: damiano on January 18, 2016, 07:35:54 PM

While there are risks with gambling investments they can be worthwhile if you take a risk and get in on a new site and they become successful. All in all though I would not invest in any of them anymore as the ones that are trusted will just not give the return you want for risk.

The reference is a bit misleading to be honest as that guy has had in excess of 5k Bitcoins invested in his site and he is still around under another name.Why did you link that profile when he has never scammed anyone?

As I said before, it's okay invest in gambling site , it's profitable okay. I just concern about how worth investing in casino. And I think it's not worth , dissent is okay right?
I am sorry if it was make misleading, BAC would not put that neutral trust without reason, but I would not judge dean too.

I did say it was not worth investing in gambling sites as well. Of course it is ok if that is what someone wants to do then good luck to them its their money they're risking. No need to be sorry it is not me you referenced in the same post as casinos that disappeared/scam. I could not really care less pal except it is misleading "at present" as he has not done neither yet (by the looks of it something happened though x2).

No he would not leave a neutral without reason and I never said he did, ""he is trusted for a reason" the reason given was clear for everyone to read and be warned by. Lets just hope that your post does not turn to be a correct reference in future.

adaseb

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Quote from: Omikifuse on January 18, 2016, 08:13:33 PM

It is, if they don't run with your funds or if your account is not hacked.

Of course the actual return is variable and may not cover the inflation, depending of where you live

Thats only true if its a new site but most of the old ones won't rob you . BUt if there isnt enough capital what will happen is you will end up being cleaned out by a large whale.

klf

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Quote from: Xandan on January 18, 2016, 02:32:14 PM

I will say well established sites which are going well don't usually need investors.This is available on newly introduced sites which need more capital to have on its back to extend its offer and operations.

If sites are not very will trusted than it is not a good to invest on them because more risks of losing your capital. The big challenge is finding a good site to invest. Worst case just hold one your coins, over the time price will appreciate to make profit.

smho_16

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I would say 'yes', but which is low now

Omikifuse

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It is, if they don't run with your funds or if your account is not hacked.

Of course the actual return is variable and may not cover the inflation, depending of where you live

RealPhotoshoper

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Quote from: damiano on January 18, 2016, 07:35:54 PM

While there are risks with gambling investments they can be worthwhile if you take a risk and get in on a new site and they become successful. All in all though I would not invest in any of them anymore as the ones that are trusted will just not give the return you want for risk.

The reference is a bit misleading to be honest as that guy has had in excess of 5k Bitcoins invested in his site and he is still around under another name.Why did you link that profile when he has never scammed anyone?

As I said before, it's okay invest in gambling site , it's profitable okay. I just concern about how worth investing in casino. And I think it's not worth , dissent is okay right?
I am sorry if it was make misleading, BAC would not put that neutral trust without reason, but I would not judge dean too.

damiano

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103 days, 21 hours and 10 minutes.

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

While there are risks with gambling investments they can be worthwhile if you take a risk and get in on a new site and they become successful. All in all though I would not invest in any of them anymore as the ones that are trusted will just not give the return you want for risk.

The reference is a bit misleading to be honest as that guy has had in excess of 5k Bitcoins invested in his site and he is still around under another name.Why did you link that profile when he has never scammed anyone?

diodio5

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Quote from: eternalgloom on January 18, 2016, 09:00:37 AM

I sometimes earn up to 1% per day on crypto-games. I currently have 0.5 btc invested there.
Check out a screenshot of my earnings:

is it safe enough?
I think a lot of gambling sites that offer greater profit, but I am looking for a more secure?
i want to ask, can we lose?

RealPhotoshoper

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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

MaritiJames3

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Activity: 448

Merit: 250

Well i would only invest in a gambling site which is legit.

Either they should have licenses or have some contactinformation on their site.

The chance of the scamming and running away, like so many other gambing sites is just to big.

Topic: Is it profitable to invest in betting sites? - page 8. (Read 6922 times)