Topic: Is it profitable to invest in betting sites? - page 9. (Read 6922 times)
of course it is profitable as long as people lose their money there your investment will bring you some nice profit, it is very useful to invest your money in my opinion, though i have never tried it
it should be a trusted betting site as many sites ran away with coins but with a trusted one we can make nice profit. I don't trust much after what happened to cryptsy
Dont think its profitable. Its more linked to the fun or addiction than investiment.
Agreed with you, its not advisable to invest in a betting site. These sites are for fun and enjoyment, there is no concrete profit from such sites, so its better to bet on your favorite sport or any other event and make some profit. There are many other options available which can be proved as profitable investment, try it.
But you actually have odds in your favor when you are investing in a casino, you have +EV, therefore it's actually advisable to invest, I think you don't understand how it works, it's not better to bet at all, investing in casinos is a long term profit unless the casino scams you.
it might be profitable to do that if the website is high quality and attracts a lot of players who are willing to spend a lot of money in gambling, though it would still give you a small amount of money
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 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.
If investing in betting sites wouldn't be profitable, there wouldn't be any investors. However as we can see there are many people who are actually investing in these sites, so on a well established reputable site this must be profitable. I think I'm going to take a closer look at this.
Well established site will probably offer less % because they offer safe returns, they might already have a few big backers like with see with primedice. Is it worth the risk to back new guys, im not sure, depends on who they are.
If investing in betting sites wouldn't be profitable, there wouldn't be any investors. However as we can see there are many people who are actually investing in these sites, so on a well established reputable site this must be profitable. I think I'm going to take a closer look at this.
Dont think its profitable. Its more linked to the fun or addiction than investiment.
Agreed with you, its not advisable to invest in a betting site. These sites are for fun and enjoyment, there is no concrete profit from such sites, so its better to bet on your favorite sport or any other event and make some profit. There are many other options available which can be proved as profitable investment, try it.
Dont think its profitable. Its more linked to the fun or addiction than investiment.
Are there any dedicated sites where we can perform investments on gambling sites?
I saw many threads about investing in gambling sites, that it is beginning to catch my attention. I usually just gamble, never tried to invest on sites.
Any ideas on where to start?
I saw many threads about investing in gambling sites, that it is beginning to catch my attention. I usually just gamble, never tried to invest on sites.
Any ideas on where to start?
Me is interested too. I've only seen an investing option with bitmixer https://bitmixer.io/ (right top), but the min. amount is 100 BTC which is too much for me.
But never on any other gambling site. Which gambling site offers this?
You may want to check http://dicesites.com/, on which you can find a couple of invest-able dice sites together with some stats and graphs on their performance.
Are there any dedicated sites where we can perform investments on gambling sites?
I saw many threads about investing in gambling sites, that it is beginning to catch my attention. I usually just gamble, never tried to invest on sites.
Any ideas on where to start?
I saw many threads about investing in gambling sites, that it is beginning to catch my attention. I usually just gamble, never tried to invest on sites.
Any ideas on where to start?
Me is interested too. I've only seen an investing option with bitmixer https://bitmixer.io/ (right top), but the min. amount is 100 BTC which is too much for me.
But never on any other gambling site. Which gambling site offers this?
Are there any dedicated sites where we can perform investments on gambling sites?
I saw many threads about investing in gambling sites, that it is beginning to catch my attention. I usually just gamble, never tried to invest on sites.
Any ideas on where to start?
I saw many threads about investing in gambling sites, that it is beginning to catch my attention. I usually just gamble, never tried to invest on sites.
Any ideas on where to start?
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.
Check out a screenshot of my earnings:
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.
You are actually risking all your money invested, as you would be losing all of the money if the site owner run away. I have seen people suffering from that a few times in the past.
Which can happen with every investment? I have seen exchanges running away with people's money too, again what's your point? You are always risking your money everywhere but you can avoid innecessary risks by investing in well known and trusted casinos like just dice.
Correct, this can happen with every investment and whenever you send your bitcoin to a third party, and that's why people should always be aware of the possibility of losing all their bitcoin in those situations. My point is very simple: You said "you are not really risking all your money" at first. I disagreed and tried to explain why in my previous post.
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.
You are actually risking all your money invested, as you would be losing all of the money if the site owner run away. I have seen people suffering from that a few times in the past.
Which can happen with every investment? I have seen exchanges running away with people's money too, again what's your point? You are always risking your money everywhere but you can avoid innecessary risks by investing in well known and trusted casinos like just dice.
Both options are gambling, calculate risk before u invest in anythig. I would like more to gamble with money I have then to invest in gambling site. But I think that have some advanages. I asked few times here about that investing in gambling site, but I didnt found anyone who did that, so I dont know how that works. Im aware I have a lot to learn about it, for now I just gamble with money I earn.
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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.
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You are actually risking all your money invested, as you would be losing all of the money if the site owner run away. I have seen people suffering from that a few times in the past.
I found an old thread, it had this nifty link in it:
https://thebitcoinstrip.com/blog/investing-in-bitcoin-casinos.html it explains the ins and out of the whole proposition.
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.
You are actually risking all your money invested, as you would be losing all of the money if the site owner run away. I have seen people suffering from that a few times in the past.
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.
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