Losing investment on Gambling sites - page 19.

Arcteryx

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Quote from: pawel7777 on July 26, 2016, 04:44:11 AM

Quote from: Script3d on July 26, 2016, 04:38:40 AM

Quote from: frankmb on July 09, 2016, 03:54:28 PM

Betking.io has a 1 btc minimum investment.

I like safedice.com and bitdice.me to invest some of my coins

what does happen if you invest in a gambling site?

Your funds become part of house bankroll, you get your share of profits/losses. Since every site has mathematical advantage over players (House Edge), you should make a profit in the long run.

Wouldn't you need to buy a share of the company to receive any profit from them?

hua_hui

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Quote from: Daneric on July 27, 2016, 07:28:24 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?

I am also skeptical about these 'investments' in gambling sites. First, the owner of the site has created it to earn money-by whatever means. Therefore, he wants to get money from those who deposit and gamble, and also from those who will invest. Why I say this is because the owner has all the resources to manipulate the rolls to make loses or wins. For gamblers, he can manipulate the rolls so that they lose, and for those who invest, he can pretend as a player and manipulate the rolls to win. At the end of the day, you will be told that a player won big therefore the gambling site lost.

Well, this is totally wrong. The one you are referring to are usually those unreliable sites. For those famous investment gambling sites, every bet can be proven to be fair. They do rewards their investors according to the profit but they too take a share of it.

Daneric

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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?

I am also skeptical about these 'investments' in gambling sites. First, the owner of the site has created it to earn money-by whatever means. Therefore, he wants to get money from those who deposit and gamble, and also from those who will invest. Why I say this is because the owner has all the resources to manipulate the rolls to make loses or wins. For gamblers, he can manipulate the rolls so that they lose, and for those who invest, he can pretend as a player and manipulate the rolls to win. At the end of the day, you will be told that a player won big therefore the gambling site lost.

neochiny

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Quote from: Pbitcoin on July 27, 2016, 07:18:08 AM

Quote from: rio3233 on July 27, 2016, 02:10:28 AM

Long term investment is not good on gambling sites, because someday someone who lucky will get a jackpot and makes your investment loss, so i think it's better invest for short term on gambling sites.

yeah so true ! it will be more risk to invest for a long run as gambling casinos are risky often to trust in as any time it can get bankrupt if high rollers hit the house !

that can happen but imagine how many gamblers play every day and lose, by the time a high roller
hits a jackpot you already earned more than what you invested on that site, plus i don't think a online
casino will just closed if they went bankcrupt. they will surely try and earn the lost money and continue
to operate.

Pbitcoin

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Quote from: rio3233 on July 27, 2016, 02:10:28 AM

Long term investment is not good on gambling sites, because someday someone who lucky will get a jackpot and makes your investment loss, so i think it's better invest for short term on gambling sites.

yeah so true ! it will be more risk to invest for a long run as gambling casinos are risky often to trust in as any time it can get bankrupt if high rollers hit the house !

razor5cl

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Quote from: rio3233 on July 27, 2016, 02:10:28 AM

Long term investment is not good on gambling sites, because someday someone who lucky will get a jackpot and makes your investment loss, so i think it's better invest for short term on gambling sites.

From what I've heard, read, and thought about, surely the opposite is true? Surely you're bound to make money long term since the house has an edge all the time? Short term someone lucky could ruin the bankroll, but averaging out over a long time you'll make your loss back, no? Your point sounds a bit weird to me, as the overriding sentiment I've heard on the matter is that you can hold on through short term loss to long term gain.

20kevin20

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ANY investment involves risks. Whether you're investing in a hotdog stand or in a BTC gambling site, you're risking your money. It can fail anytime. However, investing is WAY less riskier than actually playing with it on gambling sites. You can invest your cash in gambling sites, but you have to know that stuff can happen anytime. For example, if anyone invested in PrimeDice when HufflePuff came and hacked, they are now bankrupt.

8Habits

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Quote from: teilwalL05 on July 27, 2016, 05:33:36 AM

Quote from: Capradina on July 26, 2016, 04:21:23 AM

Quote from: teilwalL05 on July 26, 2016, 04:14:29 AM

Quote from: lorylore on July 20, 2016, 08:15:50 AM

I agree that losing bitcoin by investment is a good learning experience. I have played around bitcoins for years and i have lost a lot a lot. I have invested in shares of some companies and the shares are now barely worth anything. I also have invested in HYIP, casino, alt coins etc. Most of them ended up in losses but at least now i know how to move forward too.

That was good you actually handle what happen in the past and now you know how to move forward.
Anyone should also have this thinking or much better for this one.
No one become rich in gambling and I know it, unless you can cheat in gambling I think you can win, but most of the time we are loser.
And for me, investment is much better than to gamble. It is much safer to put your money if you want to gain profit.

Very precisely, but I still see a lot of gamblers consider that gambling is one of the fastest places to make them rich. It is absolutely true, but such wealth only survive short and after that the gambling addiction that would leave can make them poor and did not have a brilliant hopes for the future

We have no assurance in gambling since gambling is really MORE on luck. Once you enter gambling just make sure you just use your money that you can really afford to lose so if you lose you will not blame anyone. Because for me trading is much better than gambling, in trading we will just wait to become rise or become low. But it will really take more time, but surely you will gain profit.

Betting can be very profitable if just know what you are doing. Before going to do your first trade, I'd suggest to make your homework first and master the fundamental and technical side of it. I am not really good at trading and that is the reason why I don't trade that hard because I just don't have the luxury of time studying it for now - maybe one of these days when I have more savings and time

teilwalL05

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Quote from: Capradina on July 26, 2016, 04:21:23 AM

Quote from: teilwalL05 on July 26, 2016, 04:14:29 AM

Quote from: lorylore on July 20, 2016, 08:15:50 AM

I agree that losing bitcoin by investment is a good learning experience. I have played around bitcoins for years and i have lost a lot a lot. I have invested in shares of some companies and the shares are now barely worth anything. I also have invested in HYIP, casino, alt coins etc. Most of them ended up in losses but at least now i know how to move forward too.

That was good you actually handle what happen in the past and now you know how to move forward.
Anyone should also have this thinking or much better for this one.
No one become rich in gambling and I know it, unless you can cheat in gambling I think you can win, but most of the time we are loser.
And for me, investment is much better than to gamble. It is much safer to put your money if you want to gain profit.

Very precisely, but I still see a lot of gamblers consider that gambling is one of the fastest places to make them rich. It is absolutely true, but such wealth only survive short and after that the gambling addiction that would leave can make them poor and did not have a brilliant hopes for the future

We have no assurance in gambling since gambling is really MORE on luck. Once you enter gambling just make sure you just use your money that you can really afford to lose so if you lose you will not blame anyone. Because for me trading is much better than gambling, in trading we will just wait to become rise or become low. But it will really take more time, but surely you will gain profit.

pawel7777

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Quote from: stadus on July 27, 2016, 03:15:12 AM

Quote from: rio3233 on July 27, 2016, 02:10:28 AM

Long term investment is not good on gambling sites, because someday someone who lucky will get a jackpot and makes your investment loss, so i think it's better invest for short term on gambling sites.

That is not too deep reasoning man, in general gambling sites are profitable so that jackpot lose by the sites would only happen once in a blue moon, remember that thousands of gamblers are losing and only few have won, it could always mean profit for you if you invest.

I'd imagine that jackpots are funded from 'rake' (small portion of each bet) rather than being paid from invested funds upon winning, and as such they're not really a concern for investors as hitting jackpot won't cause any harm (they already paid for it by earning slightly smaller profits).

stadus

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Quote from: rio3233 on July 27, 2016, 02:10:28 AM

Long term investment is not good on gambling sites, because someday someone who lucky will get a jackpot and makes your investment loss, so i think it's better invest for short term on gambling sites.

That is not too deep reasoning man, in general gambling sites are profitable so that jackpot lose by the sites would only happen once in a blue moon, remember that thousands of gamblers are losing and only few have won, it could always mean profit for you if you invest.

rio3233

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Long term investment is not good on gambling sites, because someday someone who lucky will get a jackpot and makes your investment loss, so i think it's better invest for short term on gambling sites.

mirakal

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Quote from: electronicash on July 27, 2016, 12:45:12 AM

Quote from: Pro Gamers on July 26, 2016, 10:24:05 PM

Quote from: hua_hui on July 26, 2016, 11:16:34 AM

Quote from: potatopower on July 26, 2016, 04:36:18 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?

well you have to know that all investments are very, very risky and you can get profit, and you can lose your money other day, there's always a risk

Investments are never 100% safe. That is why a lot of people are afraid to invest. So it is your own responsibility to do proper risk assessment before you decide whether to invest or not and not just based on other opinions or suggestions.

Well this is what actually happens. Specially to those newbies they can be brained wash who believes to people here with easy explanations on how the site works but didnt know if a real or fake like example a ponzi.

ponzi and scams are easy to spot for the newbies today now that all warnings had been laid for them already.
this is not like 20th century still. the only newbies that got into ponzis are those who aren't in bitcointalk but on facebook and have been convinced by the testimonials of friends.

You are completely right, ponzis can only victimize desperate people which eventually make them stupid because they are in need of so much money and can be easily be deceived in a program that is so good to be true like ponzis.

I hope this investment type will be eliminated in the future.

electronicash

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Quote from: Pro Gamers on July 26, 2016, 10:24:05 PM

Quote from: hua_hui on July 26, 2016, 11:16:34 AM

Quote from: potatopower on July 26, 2016, 04:36:18 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?

well you have to know that all investments are very, very risky and you can get profit, and you can lose your money other day, there's always a risk

Investments are never 100% safe. That is why a lot of people are afraid to invest. So it is your own responsibility to do proper risk assessment before you decide whether to invest or not and not just based on other opinions or suggestions.

Well this is what actually happens. Specially to those newbies they can be brained wash who believes to people here with easy explanations on how the site works but didnt know if a real or fake like example a ponzi.

ponzi and scams are easy to spot for the newbies today now that all warnings had been laid for them already.
this is not like 20th century still. the only newbies that got into ponzis are those who aren't in bitcointalk but on facebook and have been convinced by the testimonials of friends.

Pro Gamers

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Quote from: hua_hui on July 26, 2016, 11:16:34 AM

Quote from: potatopower on July 26, 2016, 04:36:18 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?

well you have to know that all investments are very, very risky and you can get profit, and you can lose your money other day, there's always a risk

Investments are never 100% safe. That is why a lot of people are afraid to invest. So it is your own responsibility to do proper risk assessment before you decide whether to invest or not and not just based on other opinions or suggestions.

Well this is what actually happens. Specially to those newbies they can be brained wash who believes to people here with easy explanations on how the site works but didnt know if a real or fake like example a ponzi.

hua_hui

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Quote from: potatopower on July 26, 2016, 04:36:18 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?

well you have to know that all investments are very, very risky and you can get profit, and you can lose your money other day, there's always a risk

Investments are never 100% safe. That is why a lot of people are afraid to invest. So it is your own responsibility to do proper risk assessment before you decide whether to invest or not and not just based on other opinions or suggestions.

pawel7777

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Activity: 2436

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Quote from: Script3d on July 26, 2016, 04:38:40 AM

Quote from: frankmb on July 09, 2016, 03:54:28 PM

Betking.io has a 1 btc minimum investment.

I like safedice.com and bitdice.me to invest some of my coins

what does happen if you invest in a gambling site?

Your funds become part of house bankroll, you get your share of profits/losses. Since every site has mathematical advantage over players (House Edge), you should make a profit in the long run.

Script3d

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Quote from: frankmb on July 09, 2016, 03:54:28 PM

Betking.io has a 1 btc minimum investment.

I like safedice.com and bitdice.me to invest some of my coins

what does happen if you invest in a gambling site?

potatopower

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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?

well you have to know that all investments are very, very risky and you can get profit, and you can lose your money other day, there's always a risk

Capradina

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Quote from: teilwalL05 on July 26, 2016, 04:14:29 AM

Quote from: lorylore on July 20, 2016, 08:15:50 AM

I agree that losing bitcoin by investment is a good learning experience. I have played around bitcoins for years and i have lost a lot a lot. I have invested in shares of some companies and the shares are now barely worth anything. I also have invested in HYIP, casino, alt coins etc. Most of them ended up in losses but at least now i know how to move forward too.

That was good you actually handle what happen in the past and now you know how to move forward.
Anyone should also have this thinking or much better for this one.
No one become rich in gambling and I know it, unless you can cheat in gambling I think you can win, but most of the time we are loser.
And for me, investment is much better than to gamble. It is much safer to put your money if you want to gain profit.

Very precisely, but I still see a lot of gamblers consider that gambling is one of the fastest places to make them rich. It is absolutely true, but such wealth only survive short and after that the gambling addiction that would leave can make them poor and did not have a brilliant hopes for the future

Topic: Losing investment on Gambling sites - page 19. (Read 14292 times)