Should I invest in bitcoin casinos? - page 30.

Genji

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Quote from: angaper on June 15, 2016, 02:34:58 PM

Putting money in casinos is not really investing, but gambling. And gambling usually involves a total dependence on luck; a real investment would need to offer you some guarantees or realistic possibilities to increase your capital based on your own decisions, but this is not the case with casinos.

There is actually a certain guarantee to get profit in the long run while investing in a dice site with a house edge greater than 0%. While it's true there's a great risk it still has positive EV for the investor.

angaper

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Putting money in casinos is not really investing, but gambling. And gambling usually involves a total dependence on luck; a real investment would need to offer you some guarantees or realistic possibilities to increase your capital based on your own decisions, but this is not the case with casinos.

Vikingr

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Quote from: RoommateAgreement on June 15, 2016, 10:15:48 AM

Quote from: Farma on June 15, 2016, 10:07:06 AM

Quote from: praprata on June 15, 2016, 09:08:50 AM

Quote from: cashwarrior01 on March 16, 2016, 02:30:33 AM

I have $3000 USD to invest, is it worth it?

What sort of returns should I expect

I think that you should not invest all of your money in to it but if you have more money then it would not hurt to invest in to Bitcoin. So you could try it I am sure that you will make some money.

it is true, it is a lot of money. I think it's better you do not invest all the money you have in a casino site, you may also have to invest it elsewhere, and partly you use to trade, because maybe you'd better use it a little to trade

i agree. making a new casino site can be more profitable for you if you know how to do it or if you have the time to gathere a good team to do that for you.

but it is not possible usually for a lot of us. so i think it is a better idea to invest it instead if you don't have the time.

I think it is possible if he hire someone expert for that task, he can easily create a good casino website with that amount, but for advertisement he will require much more money, as without advertisement none of the business get success.

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Quote from: iawgoM on June 14, 2016, 09:49:32 AM

I believe that in the longrun you will almost certainly make a profit, or at least not a loss. The risky thing is this combination ;
1) Someone wins big AND someone invests BIG before you regain your loss. Then your percentage will get much lower and it will be very hard to make money backk

Yes, its again about luck while investing in gambling casinos, If some one wins good amount then you will not get big in returns, it is better not to invest in casinos or some Hypis and cloud mining as well but its better to just hold your coins Cheesy

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Quote from: Farma on June 15, 2016, 10:07:06 AM

Quote from: praprata on June 15, 2016, 09:08:50 AM

Quote from: cashwarrior01 on March 16, 2016, 02:30:33 AM

I have $3000 USD to invest, is it worth it?

What sort of returns should I expect

I think that you should not invest all of your money in to it but if you have more money then it would not hurt to invest in to Bitcoin. So you could try it I am sure that you will make some money.

it is true, it is a lot of money. I think it's better you do not invest all the money you have in a casino site, you may also have to invest it elsewhere, and partly you use to trade, because maybe you'd better use it a little to trade

i agree. making a new casino site can be more profitable for you if you know how to do it or if you have the time to gathere a good team to do that for you.

but it is not possible usually for a lot of us. so i think it is a better idea to invest it instead if you don't have the time.

Farma

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Quote from: praprata on June 15, 2016, 09:08:50 AM

Quote from: cashwarrior01 on March 16, 2016, 02:30:33 AM

I have $3000 USD to invest, is it worth it?

What sort of returns should I expect

I think that you should not invest all of your money in to it but if you have more money then it would not hurt to invest in to Bitcoin. So you could try it I am sure that you will make some money.

it is true, it is a lot of money. I think it's better you do not invest all the money you have in a casino site, you may also have to invest it elsewhere, and partly you use to trade, because maybe you'd better use it a little to trade

lorylore

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Quote from: arwin100 on June 14, 2016, 10:27:00 PM

Quote from: goldcoinminer on June 14, 2016, 09:16:16 PM

Quote from: StoreBit on June 14, 2016, 01:49:48 PM

depending on you. if you are really interesting yes you should invest, because casino are there to invest the money. but keep it in your mind that invest such an amount which you can bear to loose.

Casinos are the best business to invest with, you know that there are a lot of gamblers here just want and ready to play in gambling even though their chances are lose, if you are a wise person and you want a guaranteed money then investing in casinos is good for you.

Not all casino business existing is successfull, i must say investing in casino is very good but we must be selective if the casino we wish to invest for is can last long,they have budget for promotion and also very honest on updating monthly sales to their investors by that you can make sure that your investment is very safe to their casino and thats why if we are looking for casino to invest with choose those casinos that can pay for advertisement and promotion because that type of casinos will be successful in the future and great partners in investment.

Casino is definitely a very good choice to invest cause casino will always win and profit will keep coming in. However, not all casinos are worthy to invest cause there have been cases of scam where the owner ran away with all the investment and the investors lost everything. There also have been cases whereby the casinos got hacked and everything is gone.

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Quote from: cashwarrior01 on March 16, 2016, 02:30:33 AM

I have $3000 USD to invest, is it worth it?

What sort of returns should I expect

I think that you should not invest all of your money in to it but if you have more money then it would not hurt to invest in to Bitcoin. So you could try it I am sure that you will make some money.

arwin100

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Quote from: goldcoinminer on June 14, 2016, 09:16:16 PM

Quote from: StoreBit on June 14, 2016, 01:49:48 PM

depending on you. if you are really interesting yes you should invest, because casino are there to invest the money. but keep it in your mind that invest such an amount which you can bear to loose.

Casinos are the best business to invest with, you know that there are a lot of gamblers here just want and ready to play in gambling even though their chances are lose, if you are a wise person and you want a guaranteed money then investing in casinos is good for you.

Not all casino business existing is successfull, i must say investing in casino is very good but we must be selective if the casino we wish to invest for is can last long,they have budget for promotion and also very honest on updating monthly sales to their investors by that you can make sure that your investment is very safe to their casino and thats why if we are looking for casino to invest with choose those casinos that can pay for advertisement and promotion because that type of casinos will be successful in the future and great partners in investment.

goldcoinminer

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Quote from: StoreBit on June 14, 2016, 01:49:48 PM

depending on you. if you are really interesting yes you should invest, because casino are there to invest the money. but keep it in your mind that invest such an amount which you can bear to loose.

Casinos are the best business to invest with, you know that there are a lot of gamblers here just want and ready to play in gambling even though their chances are lose, if you are a wise person and you want a guaranteed money then investing in casinos is good for you.

StoreBit

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depending on you. if you are really interesting yes you should invest, because casino are there to invest the money. but keep it in your mind that invest such an amount which you can bear to loose.

Herbert2020

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Quote from: iawgoM on June 14, 2016, 09:49:32 AM

I believe that in the longrun you will almost certainly make a profit, or at least not a loss. The risky thing is this combination ;
1) Someone wins big AND someone invests BIG before you regain your loss. Then your percentage will get much lower and it will be very hard to make money backk

i agree, there was a chart about one of these gambling casinos which showed their profit over time (i will add it later here if i find the chart again) but anyways it showed dips in the profitability of the casino which indicated a big loss by the casino (big win by the players) but eventually it came back to normal although it takes a longer time if the dip is big too but in the long run it will become profitable again.

iawgoM

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I believe that in the longrun you will almost certainly make a profit, or at least not a loss. The risky thing is this combination ;
1) Someone wins big AND someone invests BIG before you regain your loss. Then your percentage will get much lower and it will be very hard to make money backk

lorylore

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Quote from: hermanhs09 on June 14, 2016, 02:01:31 AM

Quote from: AsaroUk on June 13, 2016, 10:10:53 PM

You can invest right now in the bitcoin casino's it will be a investment of course so it can go wrong.
Right now the bitcoin gambling scene is very growing so that is a good sign for investing.

Yeah, I think the best way to approach bitcoin casinos is to treat them as any other investment. Obviously you're basically gambling with negative house edge, but it still contains potential risks.

I suggest investing in bitcoin casinos if you are planning to gamble the coins anyway. You have a better chance of winning in the long term.

Yup, i am invested in moneypot and so far i am having a great experience with them. When i start investing, my btc dropped like 50% cause a whale happened to come in and won like 200btc. However, since the casino has the house edge, the profit keeps coming in and within a few months, my investment is returned back to where it was and now i am profiting from it.

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Quote from: danherbias07 on June 14, 2016, 12:12:16 AM

Quote from: hua_hui on June 13, 2016, 11:45:15 PM

Quote from: Fatanut on June 13, 2016, 10:28:03 PM

Quote from: DarkThrones on June 13, 2016, 09:42:58 PM

You can't lose money unless somehow somebody hacks and cheats the casino which is extremely hard and rare. The house always wins and you'll take a % of that! Better hope the website gets big then you'll make more.

The house is not always the target of the hackers. Hackers are targeting the customers since the website itself would be hard to hack. If your site isn't secure enough and the players got hacked, they eventually will withdraw all of their money and just migrate to another bitcoin casino. Hackers will give your bitcoin casino a bad name.

Most new bitcoin casino sites are just copy+paste anyway. So cheaters won't see a glitch in the game because it's already been fixed before they release a copy of the game.

Hacker will always target both the customers and owners. There have been cases where the owners need to close down because their btc got hacked. One of the most popular example is mtgox.

Its either be hacked or the owners are pretending they have been hacked if the money in the pot is really large then it is time to run. What the hell they hacked themselves. Pfft.

lol yea it's frequently happened to a low reputation casino sites , they claims that they are under attack and the investors funds are stolen. it's classic . that's why how important to choose a trustworthy and large community casino before you make any investment.

hermanhs09

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Quote from: AsaroUk on June 13, 2016, 10:10:53 PM

You can invest right now in the bitcoin casino's it will be a investment of course so it can go wrong.
Right now the bitcoin gambling scene is very growing so that is a good sign for investing.

Yeah, I think the best way to approach bitcoin casinos is to treat them as any other investment. Obviously you're basically gambling with negative house edge, but it still contains potential risks.

I suggest investing in bitcoin casinos if you are planning to gamble the coins anyway. You have a better chance of winning in the long term.

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Quote from: Novalok on June 14, 2016, 12:13:42 AM

yes, 100% you should and a new one is just being started.
Get in on the ground floor and ride the profits to the top.
Remember, the house always wins.
https://bitcointalk.org/index.php?topic=1511021.0;topicseen

Absolutely, you said it right, the house always wins because the advantage is always on the house. If we invest with online casino we are profitable in the long run and our investment is more safer. In addition, with the way bitcoins behave now, we can assure a good income in the future.

Novalok

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yes, 100% you should and a new one is just being started.
Get in on the ground floor and ride the profits to the top.
Remember, the house always wins.
https://bitcointalk.org/index.php?topic=1511021.0;topicseen

danherbias07

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Quote from: hua_hui on June 13, 2016, 11:45:15 PM

Quote from: Fatanut on June 13, 2016, 10:28:03 PM

Quote from: DarkThrones on June 13, 2016, 09:42:58 PM

You can't lose money unless somehow somebody hacks and cheats the casino which is extremely hard and rare. The house always wins and you'll take a % of that! Better hope the website gets big then you'll make more.

The house is not always the target of the hackers. Hackers are targeting the customers since the website itself would be hard to hack. If your site isn't secure enough and the players got hacked, they eventually will withdraw all of their money and just migrate to another bitcoin casino. Hackers will give your bitcoin casino a bad name.

Most new bitcoin casino sites are just copy+paste anyway. So cheaters won't see a glitch in the game because it's already been fixed before they release a copy of the game.

Hacker will always target both the customers and owners. There have been cases where the owners need to close down because their btc got hacked. One of the most popular example is mtgox.

Its either be hacked or the owners are pretending they have been hacked if the money in the pot is really large then it is time to run. What the hell they hacked themselves. Pfft.

hua_hui

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Quote from: Fatanut on June 13, 2016, 10:28:03 PM

Quote from: DarkThrones on June 13, 2016, 09:42:58 PM

You can't lose money unless somehow somebody hacks and cheats the casino which is extremely hard and rare. The house always wins and you'll take a % of that! Better hope the website gets big then you'll make more.

The house is not always the target of the hackers. Hackers are targeting the customers since the website itself would be hard to hack. If your site isn't secure enough and the players got hacked, they eventually will withdraw all of their money and just migrate to another bitcoin casino. Hackers will give your bitcoin casino a bad name.

Most new bitcoin casino sites are just copy+paste anyway. So cheaters won't see a glitch in the game because it's already been fixed before they release a copy of the game.

Hacker will always target both the customers and owners. There have been cases where the owners need to close down because their btc got hacked. One of the most popular example is mtgox.

Topic: Should I invest in bitcoin casinos? - page 30. (Read 30357 times)