Topic: List of Gambling Investments and Discussion. (Read 1042 times)

One to add to the list: www.binwin24.com/en/

This is BITWIN24

It is a Bitcoin lottery based on the Bitcoin blockchain and the transactions of hashes

Lets discuss 

Danni

One thing I would like to know here is how long was the investment before you decided to withdraw it?

In my experience for the first 3-4 weeks you might see a negative ROI. But this picks gradually in the upcoming months. My investment was 0.1BTC for a period of one year and I used to login and check on it once every month. In one year the amount was approximately close to 0.15BTC.

There are divesting fees/penalty as well for early withdrawals in cryptogames. I cant say about yolodice because I have not tried them. Maybe similar thing happened with you and you backed off early. So you should try it again with a positive outlook.

Good to see having a full list of using gambling and investment and some of them are still active thread which is more helpful to the users to maintain the conversation of the thread. For me, I used gambling for investment because this is the time when I can make a lot of earnings but not all the time is the good times sometimes I lose because of having a bad draft of games, statistics, and cards. To the people asking if the gambling can be an investment for me yes is my answer because if you invest knowledge first there is a higher chance that you will get a huge amount of money and next is the skills and critical thinking to make more avoid the losses also is the money once you make a full of risk there is a chance you will lose but sometimes you will win by the knowledge you earn and experience you can now avoid those losses also one of the best things goes with the things you are good and be consistent.


Most of my experience on lottery is quite bad because there is only one percent of chance that you will win the price and this is not favor on your odds but still if you want to play with it and you think you are lucky why not try your luck to play with this game. Some of them have a lucky day that can win over two to three games of a lottery with a huge amount of money.

@OP also I want to get your side what is the best thing we should do to make insights what are the best platform to make an investment because it is quite hard if the newbies are starting to get an investment to a platform with does not have good feedback to the experienced users.

Hey, thank you for answering my query.

To be honest, I actually invest some of my bitcoin in YoloDice to get at least some experience and to understand what other people says about investing in a bankroll. Fortunately, I easily understand the concept of investing in an online gambling bankroll. After reading some F.A.Q, the profit and the loss of my investment depends on the total bankroll of the website, which means if more people plays and gamble into the website, the volatility will increase as well.

The sad thing is, I hate to see a negative ROI in my investment that is why I decided to withdrew it immediately when the ROI turns into positive. I think I should try this another time.

I have a first hand experience in investing in the bankroll of cryptogames so I guess I can answer your question.

First thing, it is an investment so it wont grow exponentially because that is unreal for the casino to survive, isnt it?

In the long term the risk of the casino going bust is reduced, in the short term this risk is high. I hope you understand what I am trying to say, investing in the casino's bankroll means you are depositing your money into the casino's house funds and thus you are now holding that fraction of the money out of the total casino bankroll. That means any profit/loss of the casino on the total bankroll is going to be reflected proportionally on your balance.

Now casinos exist because they have a house edge and also because gamblers never stop gambling and thus losing money slowly but steadily. So if you are looking for a short term high gain then this is not for you. Casino bankroll is a long term investment and can be thought to be similar to a fixed deposit in a bank.

^ Lottery right? I do not trust the lottery platform nowadays because most of them were turned out to scam. Can you explain about this matter? https://bitcointalksearch.org/topic/bwi-5208286
On the English translation said, " Due to the huge threat of SCAM websites http://bitwin24.io and http://bitwin24.com, we closed all social media channels.
You can contact us at [email protected]. ".
Nevertheless, investment in gambling industry is very profitable but somehow you need to have deeply researched first before putting your money and ROI will come as what you have expectedly. We must say thanks to the OP for the gambling compilation that safe to invest.

Maybe saying that you can't rely on it if that will be your main source of investment. Investing in a bankroll is like buying and forgetting just like how we do it with bitcoin.

But for me, if you have plans of doing it, just do it if you have already figured out how you'll make money out of it. Your bankroll investment is good as another source and a backup but not of a main investment. That's probably his point.

Can you please tell me more about your experiences in investing in an online crypto gambling bankroll? Well, I am reading a lot with regards to this matter because I am planning to invest some of my alts and hoping that it will grow exponentially in the long run. However, why do you say that it's not a good idea to rely on investing for long term even though lots of crypto gambler suggests we can make profit if we invested our coins for a longer period of time?

So I just found out about this thread and saw myself featured in it. (famous eh? )

Likewise @Yatsan has made a thread to follow up their investments on casinos that allow doing so and if someone wants any guidance about bankroll investing they can ask me or Yatsan about it.

Let me make it clear that I am not promoting any site or their investment schemes but it is a good idea to invest and be the house at times than try to beat it. Old saying "If you cant beat 'em, join 'em".

Now the drawbacks are that just like a fixed deposit in a bank the returns from this investment are small. That is acceptable because the risk of long term loss is less than other investments. People need to understand this clearly that when you are investing in something that is a high risk (say shitcoins ) then you return is projected to be high too and when you are investing in something of low risk (say bank fixed deposit, casino bankroll) then the return is projected to be low too.

If someone wants a diverse portfolio then I believe there needs to be a good distribution between low risk and high risk assets. Casino bankroll is a low risk asset. It should not be your entire portfolio but a part of it. How much? that is your own choice.

Thanks for compiling these threads about Gambling investments. But I guess the answer to those threads from 2 - 12. Is the number 1 on the list made by Yatsan. Thanks to that thread It made us aware that we can buy a share on those gambling platforms. I notice he created a follow-up thread. He tried it already he made some investment you can follow it here: https://bitcointalksearch.org/topic/gambling-site-investment-5239794

Yeah, it is not like another stupid question thread like:
Why do you gamble?
Is gambling ruined your life?  

Somehow this is more informative for us gamblers.
It gives us another option and not just pure gambling here.
Investing is still risky but somehow you could save some if it is falling down. That is, if you are scared to lose everything.

I'm simply just talking about where they could invest their BTC but it doesn't mean immediately buy or invest in that kind of stuff. I think it should be a routine for investors to DYOR before anything else. It's not going to be so well if you just blindly do it. It's a suggestion of some sorts and it's up to the person if he/she will follow or not.

I am following Yatsan's thread as well because i believe that He's a Good example for others that for long is looking about how this gambling investing all about so with the thread then there are some chances from those to try investing small amount first and just added eventually as the progress goes way.

It is a good thread it is combination of of different threads about investment in gambling . People are lookinh for that kind of thread because they are curious about the gambling investment and they can visit all the thread you provided to us. I like the thread of yatsan I already visited it and I like the information I saw because it's gives an idea about investing in gambling if it's really worth it or not.

Gambling is full of risk and at the first place we usually known that and some of the people gain their knowledge and skills are came from their experience and that is the reason why you become strength and skilled enough today but also don't forgot about the knowledge we earn because even you are already skilled player but does not have enough strategy and ability to make more critical thinking the skills become worthless. Gambling is all about how you manage the situation and gain a profit and not just for the profit only. As a gambler I made some evaluation about the loses I received from the previous games to compare what I made a mistakes.

There is not an actual place that anyone can suggest to invest BTC.
After all, everyone should DYOR in order to decide where to invest.
No one can give you a proposal on what to do with your money.

this is the most important part IMO...
many people are lazy to read the terms and conditions for investing in gambling sites and that makes them disappointed and think that the casino site is a scam. investing in online casino sites will be very profitable if you have a large capital.

I appreciate the effort and hard work that you've spent to make this list complete but you may try to re-organize it by adding spaces after the topic one another.

Okay, so the list of gambling investment is actually good for me though it is quite hard for a newbie to enter it because of the risk they could have especially for gambling investment that aren't real and just meant to scam people around. But I think the solution for this is already included in your post, we should first try to participate, read and learn about different gambling discussion before we put our investment.

Open-post is now with collection of old discussions. It would be hard to navigate each and every topic to find out what is good and what should be avoided. I guess it would be much better if you organize the open-post with some conclusion made from those discussion or from this topic. Because, that alone will be serving some good thing to this community rather than serving as a bookmark of of topics.

I guess no one is talking about freebitco.in's daily interest providing opportunity. They do pay 4% interest annually. They are highly trusted and it is based on cumulative calculations hence I guess w will earn more than 4% as interests are being credited on daily basis.

   Yes it's reasonable, it's not like on other places, nobody promises high profit. I am just saying if someone wish
to earn a lot from investing in casinos should be prepared to invest a lot of money first, with some low amounts
you will just get regular payout, but small one!
   This can change in the future, when more people choose to gamble with crypto-currencies. Many sites have
some traffic, but that can't be compared with reputable fiat casinos. In time if more people join, we will get more
dividends, but in same time we need to invest more from time to time to stay competitive.