Losing investment on Gambling sites - page 13.

8Habits

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Quote from: maku on August 12, 2016, 06:16:32 AM

Quote from: bittraffic on July 09, 2016, 12:13:10 PM

Was planing to invest on a gambling site since they said its a gauranteed profit since the house can't lose but I'm still skeptical about it, i don't have much BTC so I have to make sure whether its going to be profitable for me. What possibilities could happen to the gambling site i wanted to invest into and how am i going to lose my investment in such a manner?

No one said that it is a guaranteed profit. If you found gambling site with investment option which says so.
Then they are either lied to you or you failed to interpret or understand their investment description correctly.
I've seen people losing while investing in casino bankrolls, there is always a possibility of some lucky whale playing.

General golden rule. If you don't have spare money - you don't invest.

Could not agree more. Just like gambling, we must only invest money that we can also afford to lose because investment is also a risk actually. It should be that you budget your total assets and get some for savings, investment, entertainment, paying the bills, and the like. If you only have money enough to pay the bill, and then you still invest it, then it is not a wise investment after all.

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Quote from: bittraffic on July 09, 2016, 12:13:10 PM

Was planing to invest on a gambling site since they said its a gauranteed profit since the house can't lose but I'm still skeptical about it, i don't have much BTC so I have to make sure whether its going to be profitable for me. What possibilities could happen to the gambling site i wanted to invest into and how am i going to lose my investment in such a manner?

No one said that it is a guaranteed profit. If you found gambling site with investment option which says so.
Then they are either lied to you or you failed to interpret or understand their investment description correctly.
I've seen people losing while investing in casino bankrolls, there is always a possibility of some lucky whale playing.

General golden rule. If you don't have spare money - you don't invest.

teilwalL05

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Quote from: lister storm on August 11, 2016, 09:34:03 AM

it is really easy to lose an investment on a gambling website to be honest, you can never know when the gambling website will turn to scam and steal your money

If that gambling site is not trusted I think you should never invest on that gambling site.
Male sure before you let go of your money or before you invest your money search for that gambling site and make sure if that is legit or true. So that your money will be safe.

BayernRobben

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Generally, you won't lose money. There was a scam site called dicebitco.in, and they scammed house's 500 btc fund with cheating. So you need to invest on reliable site.

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Quote from: bitcoinmasterlord on August 12, 2016, 02:31:42 AM

Quote from: Zooplus on August 12, 2016, 02:24:17 AM

Quote from: purebitco on August 11, 2016, 11:40:07 AM

Quote from: hawkins on August 11, 2016, 11:23:19 AM

Well, I've never invested in a gambling site, but I guess it is quite risky because the site may be a scam in a few months. if you want to invest the money you have in gambling sites, you should choose a site that is very reliable, and find information on the site. I have yet to lose in investing in gambling sites, but I know what it feels like

i have never did that too, though i saw gambling websites run away with people money for example there was a website that had ninja in its name or something like that, it was big and it turned out to a scam

In investing in a gambling sites, we need to use the proper timing because there is no permanent in the crypto world aside from bitcoin itself, scammers are everywhere but you can notice them if you are wise enough and being an investor you need to be clever to consistently make money.

To reduce this kind of risks, we should avoid investing in new gambling sites and should invest only on some reputed sites. Reputed sites mostly they will not scam people because they know that if they continue with the gambling business they can make a lot of money instead cheating people. Also, try to diversify your money to invest in few good sites to reduce risks.

the risk of losing money while investing in a gambling site is not only about the site scamming you, that is the obvious first step that you should take before investing .

but the risk here is about gambling itself. because technically a high roller or a whale can come to the casino and get lucky so he wins a lot of bitcoin with his bets and you lose a big chunk of your profit.

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Quote from: Zooplus on August 12, 2016, 02:24:17 AM

Quote from: purebitco on August 11, 2016, 11:40:07 AM

Quote from: hawkins on August 11, 2016, 11:23:19 AM

Well, I've never invested in a gambling site, but I guess it is quite risky because the site may be a scam in a few months. if you want to invest the money you have in gambling sites, you should choose a site that is very reliable, and find information on the site. I have yet to lose in investing in gambling sites, but I know what it feels like

i have never did that too, though i saw gambling websites run away with people money for example there was a website that had ninja in its name or something like that, it was big and it turned out to a scam

In investing in a gambling sites, we need to use the proper timing because there is no permanent in the crypto world aside from bitcoin itself, scammers are everywhere but you can notice them if you are wise enough and being an investor you need to be clever to consistently make money.

To reduce this kind of risks, we should avoid investing in new gambling sites and should invest only on some reputed sites. Reputed sites mostly they will not scam people because they know that if they continue with the gambling business they can make a lot of money instead cheating people. Also, try to diversify your money to invest in few good sites to reduce risks.

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Quote from: purebitco on August 11, 2016, 11:40:07 AM

Quote from: hawkins on August 11, 2016, 11:23:19 AM

Well, I've never invested in a gambling site, but I guess it is quite risky because the site may be a scam in a few months. if you want to invest the money you have in gambling sites, you should choose a site that is very reliable, and find information on the site. I have yet to lose in investing in gambling sites, but I know what it feels like

i have never did that too, though i saw gambling websites run away with people money for example there was a website that had ninja in its name or something like that, it was big and it turned out to a scam

In investing in a gambling sites, we need to use the proper timing because there is no permanent in the crypto world aside from bitcoin itself, scammers are everywhere but you can notice them if you are wise enough and being an investor you need to be clever to consistently make money.

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Quote from: hawkins on August 11, 2016, 11:23:19 AM

Well, I've never invested in a gambling site, but I guess it is quite risky because the site may be a scam in a few months. if you want to invest the money you have in gambling sites, you should choose a site that is very reliable, and find information on the site. I have yet to lose in investing in gambling sites, but I know what it feels like

i have never did that too, though i saw gambling websites run away with people money for example there was a website that had ninja in its name or something like that, it was big and it turned out to a scam

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I'm looking for free spin.

Quote from: eternalgloom on August 11, 2016, 11:03:03 AM

Quote from: Betwrong on August 07, 2016, 03:47:10 AM

Quote from: bittraffic on July 09, 2016, 12:13:10 PM

Was planing to invest on a gambling site since they said its a gauranteed profit since the house can't lose but I'm still skeptical about it, i don't have much BTC so I have to make sure whether its going to be profitable for me. What possibilities could happen to the gambling site i wanted to invest into and how am i going to lose my investment in such a manner?

Even if the owners of the site are decent people they can be robbed and then you'll lose your invesment. I suggest you to invest only what you can afford to lose. You won't make big money this way but you will not lose much of your money either.

That's not the only risk, there's also variance, if the casino loses funds on the short term, you'd also be losing part of your investment.
You won't have this problem so much if there's a maximum amount to be won depending on the sites bankroll.

Gambling is not the only one to invest and your right its too risky but for me its better to invest our bitcoin in trading manage your bitcoins in altcoin is better because its less risk than gambling..

hawkins

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Well, I've never invested in a gambling site, but I guess it is quite risky because the site may be a scam in a few months. if you want to invest the money you have in gambling sites, you should choose a site that is very reliable, and find information on the site. I have yet to lose in investing in gambling sites, but I know what it feels like

eternalgloom

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Quote from: Betwrong on August 07, 2016, 03:47:10 AM

Quote from: bittraffic on July 09, 2016, 12:13:10 PM

Was planing to invest on a gambling site since they said its a gauranteed profit since the house can't lose but I'm still skeptical about it, i don't have much BTC so I have to make sure whether its going to be profitable for me. What possibilities could happen to the gambling site i wanted to invest into and how am i going to lose my investment in such a manner?

Even if the owners of the site are decent people they can be robbed and then you'll lose your invesment. I suggest you to invest only what you can afford to lose. You won't make big money this way but you will not lose much of your money either.

That's not the only risk, there's also variance, if the casino loses funds on the short term, you'd also be losing part of your investment.
You won't have this problem so much if there's a maximum amount to be won depending on the sites bankroll.

btc-facebook

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Quote from: lister storm on August 11, 2016, 09:34:03 AM

it is really easy to lose an investment on a gambling website to be honest, you can never know when the gambling website will turn to scam and steal your money

If some gambling site also put investment option, they also put their own risk against player. For example : if we know PrimeDice is a great site, why would they offer investment option ?

I can conclude that for the gambling site that offer investment option are more risky rather then you just doing ordinary gambling.
Just invest on what can you afford to loss

lister storm

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it is really easy to lose an investment on a gambling website to be honest, you can never know when the gambling website will turn to scam and steal your money

Yutikas_11920

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Quote from: Betwrong on August 07, 2016, 03:47:10 AM

Quote from: bittraffic on July 09, 2016, 12:13:10 PM

Was planing to invest on a gambling site since they said its a gauranteed profit since the house can't lose but I'm still skeptical about it, i don't have much BTC so I have to make sure whether its going to be profitable for me. What possibilities could happen to the gambling site i wanted to invest into and how am i going to lose my investment in such a manner?

Even if the owners of the site are decent people they can be robbed and then you'll lose your invesment. I suggest you to invest only what you can afford to lose. You won't make big money this way but you will not lose much of your money either.

Hahah, it could happen to a gambling site not long ago appeared and offered a gambling service. I think this is very good indeed, as it also helps all those who break the law. Thank you for all the information and all input provided

teilwalL05

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Quote from: Bitcoinsummoner on August 03, 2016, 12:39:29 PM

Quote from: Doamader on August 03, 2016, 06:35:39 AM

Quote from: bbc.reporter on August 03, 2016, 01:27:53 AM

Quote from: BitcoinSupremo on August 03, 2016, 01:01:25 AM

I would only invest in a site with a very much reputable history. That being said one such site for me is Crypto-Games.net as this site was accepting Ethereum since 2014 from what I have seen in their advertising. Now they are accepting beside bitcoin even different altcoins. This add to their balance as not all users have only bitcoin, some of them may have ethereum. This site can even let you invest only 0.01 btc as a minimum.
There are a few other sites which accepts investments too.

This sounds good. I want to ask how much will an investment of .01 BTC earn in a year? How long should your bitcoins must be invested before you are allowed to get them back?

That a hard question to reply as its always at costumers hands and not the casino itself, but would be great to know a timeline about the roi soo investment could be done without taking a huge risk.

Yeah we dont know what will be the roi its always depends how house lose or win in the game..
Its better to try it with your self actually to experience it..

Yeah, and also "experience" is our best teacher so that we can learn also from our experiences and also in our mistakes.
But I don't think you will lose money if you invest money in gambling sites in your broker.
I think the topic is telling if we play all our money in gambling then we lose by playing and I think not by investing.

Betwrong

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Quote from: bittraffic on July 09, 2016, 12:13:10 PM

Was planing to invest on a gambling site since they said its a gauranteed profit since the house can't lose but I'm still skeptical about it, i don't have much BTC so I have to make sure whether its going to be profitable for me. What possibilities could happen to the gambling site i wanted to invest into and how am i going to lose my investment in such a manner?

Even if the owners of the site are decent people they can be robbed and then you'll lose your invesment. I suggest you to invest only what you can afford to lose. You won't make big money this way but you will not lose much of your money either.

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Quote from: roadbits on August 03, 2016, 12:26:05 AM

Quote from: mirakal on August 02, 2016, 08:57:00 PM

Quote from: cryptosdice on August 02, 2016, 06:36:57 AM

You can invests BTC and 40+ cryptocurrencies in this site: www.cryptosdice.com, It is new, but is here for the long run!

How can you be sure that they will be here for a long run, that is the promises of most new gambling sites but trust is earned in this kind of venture and that is the most important element for a successful gambling business.

Yup, we will not believe Long running site quickly, So how can we trust this new site. So my suggestion is if the profit is low also no problem go with the trustworthy site. There you will not get a big profit, but your investment will be safe.

The only site I trust among these days are :
bitdice.me and moneypot because they are running since long time and had no issues ever as far as I remember. But still I think moneypot is a step better than bitdice or any others with respect to the site which are accepting investments from public.

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Quote from: thirdchance57 on August 06, 2016, 09:52:19 PM

Quote from: Superhitech on August 06, 2016, 09:36:49 PM

Quote from: Zooplus on August 04, 2016, 01:48:55 AM

Quote from: BitcoinPC on August 04, 2016, 12:09:17 AM

Quote from: Mauser on August 02, 2016, 04:21:46 AM

Quote from: hatshepsut93 on August 01, 2016, 01:04:45 AM

One big thing you should worry when investing in casino is fake winnings. Owners of casino can just pose as players to steal investors funds. They can either make a big win (a huge chunk of a bankroll at once) or just make small fake wins each month, keeping you in profit, but less than you deserve.

Invest only in gambling sites with perfect reputation.

Yeah after the recent Cs Go gambling site scandals the same could be the case in bitcoin casinos. Owner of these sites could just play themselfes to take money out of the sites and all investors would need to cover it.

Just make sure the site is actively used before investing it.

Yeah, not only gambling sites, also different sites are fake, so i suggest whenever we want to invest so firstly you should have the satisfaction about sites than invest it, i never say that all sites are fake but mostly are fake and some sites are really good sites and they are giving very good paying. But in gambling, i think more opportunities are here to earn the profit.

It is easy to spot a fake site because the offers are too good to be true like HYIP, and PONZIs as they called it. However, in gambling site there are still scam site but there are more legitimate site so you need to consider in your investment the factor that before you put your money make sure the site is operating in a longer time already.

Sometimes, it can be even harder to find out HYIP's; some cloud mining sites are actually HYIP's in disguise. I think with Bitcoin, investing in gambling sites is the safest as you know what your money is going to go towards, and many people invest so you can ask people questions. However, if you start losing your investment in a gambling site, don't panic and withdraw unless the site is going through some serious trouble, as you'll usually make it back on the long run.

My issue is not with the general panic of the site having issues, my issue is when they bounce back from having issues. This one site I was on for almost a year was doing great and I was built up to where I was making $20 USD a day in profit. Needless to say, I have invested over 5 BTC into the site, so $20 profit was not bad. Keep in mind 5 BTC back then was about $1,200. The site had some issues and bounced back like a champ. When it bounced back, I thought it was safe, for it came back and I invested more. A few days later they just closed. That is why it is a concern when not when they are having issues, but when they correct the issues. Did they really??

So what happen? Did they take your investment? If something bad happens to your investment then you just have to accept it, I know that is a big amount of money now, and maybe if I were in your place I could have diversified it with different online casinos.

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Quote from: hua_hui on August 06, 2016, 07:59:22 PM

Quote from: Decoded on August 06, 2016, 08:13:07 AM

Quote from: freedomgo on August 06, 2016, 08:01:08 AM

Quote from: 8Habits on August 05, 2016, 03:20:21 PM

Quote from: sana54210 on August 05, 2016, 03:15:16 PM

Quote from: hatshepsut93 on August 01, 2016, 01:04:45 AM

One big thing you should worry when investing in casino is fake winnings. Owners of casino can just pose as players to steal investors funds. They can either make a big win (a huge chunk of a bankroll at once) or just make small fake wins each month, keeping you in profit, but less than you deserve.

Invest only in gambling sites with perfect reputation.

Problem is that the sites which are so trusted like primedice and others don't even accept investment and for the right reason, why will they allow their profits to be shared ?
I think investing in new sites is like playing with ponzi sites.

I agree that established sites like primedice don't offer investment for ordinary investors like us because they already have covered their grounds and can sustain losses from high rollers. Primedice has limit as to max amount of bet and has a number of patron gamblers that play to their sites almost daily which makes them daily profit they can take - it would not make sense for them to share to other investors what they are enjoying right now.

You actually don't need an investor if you are the owner of primedice because they have matured in the market already and they were able to protect their reputation in the industry that is why they are consistently making money from the gamblers who patronize their site.

Not completely. Stunna is a long-standing member of the bitcoin community. He/She probably invested a fair sum of their bitcoin into the site and has slowly been building it up.

You only need an investor if you don't have the bankroll.

Primedice already have a good amount of bankroll by themselves. That is why they dont need anymore. Even if they need, they will ask from private funding from some rep members. It also means that casino has been in good business and people are profiting from it. Primedice sure want to profit the most for themselves and that is why they dont ask for investment. It is the other casino that does not have a good bankroll that they need investment.

Definitely, they lose sometimes but the overall result is they are winning, you cannot beat the dice game because of the house advantage therefore they are more willing to risk more as additional pot money if necessary because they know they will also get good profit.

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Quote from: Superhitech on August 06, 2016, 09:36:49 PM

Quote from: Zooplus on August 04, 2016, 01:48:55 AM

Quote from: BitcoinPC on August 04, 2016, 12:09:17 AM

Quote from: Mauser on August 02, 2016, 04:21:46 AM

Quote from: hatshepsut93 on August 01, 2016, 01:04:45 AM

One big thing you should worry when investing in casino is fake winnings. Owners of casino can just pose as players to steal investors funds. They can either make a big win (a huge chunk of a bankroll at once) or just make small fake wins each month, keeping you in profit, but less than you deserve.

Invest only in gambling sites with perfect reputation.

Yeah after the recent Cs Go gambling site scandals the same could be the case in bitcoin casinos. Owner of these sites could just play themselfes to take money out of the sites and all investors would need to cover it.

Just make sure the site is actively used before investing it.

Yeah, not only gambling sites, also different sites are fake, so i suggest whenever we want to invest so firstly you should have the satisfaction about sites than invest it, i never say that all sites are fake but mostly are fake and some sites are really good sites and they are giving very good paying. But in gambling, i think more opportunities are here to earn the profit.

It is easy to spot a fake site because the offers are too good to be true like HYIP, and PONZIs as they called it. However, in gambling site there are still scam site but there are more legitimate site so you need to consider in your investment the factor that before you put your money make sure the site is operating in a longer time already.

Sometimes, it can be even harder to find out HYIP's; some cloud mining sites are actually HYIP's in disguise. I think with Bitcoin, investing in gambling sites is the safest as you know what your money is going to go towards, and many people invest so you can ask people questions. However, if you start losing your investment in a gambling site, don't panic and withdraw unless the site is going through some serious trouble, as you'll usually make it back on the long run.

My issue is not with the general panic of the site having issues, my issue is when they bounce back from having issues. This one site I was on for almost a year was doing great and I was built up to where I was making $20 USD a day in profit. Needless to say, I have invested over 5 BTC into the site, so $20 profit was not bad. Keep in mind 5 BTC back then was about $1,200. The site had some issues and bounced back like a champ. When it bounced back, I thought it was safe, for it came back and I invested more. A few days later they just closed. That is why it is a concern when not when they are having issues, but when they correct the issues. Did they really??

Topic: Losing investment on Gambling sites - page 13. (Read 14292 times)