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Topic: Should I invest in bitcoin casinos? - page 32. (Read 30336 times)

hero member
Activity: 3052
Merit: 606
June 07, 2016, 08:41:50 AM
i don't think it is very necessary to invest in gambling casinos you know there are allot of other ways to get allot of profit with coins. So don't invest on gambling casinos because most of them are not worth it because they already make allot of money. Invest in smaller upcoming company's is many times smarter.
Investing in a established casino is the safest way to do if we are referring with investment, the new ones will just come and go so it is very risky. Gambling industry is the most profitable business in the world, although we cannot tell it base on records as they are shady. In addition, they are doing business well in the past decades until now so if you invest you are already sure that you will profit, all you have to do is select the best online casino.
hero member
Activity: 714
Merit: 500
June 07, 2016, 06:37:24 AM
i don't think it is very necessary to invest in gambling casinos you know there are allot of other ways to get allot of profit with coins. So don't invest on gambling casinos because most of them are not worth it because they already make allot of money. Invest in smaller upcoming company's is many times smarter.
sr. member
Activity: 378
Merit: 250
BULL RUN until 2030
June 07, 2016, 04:54:46 AM
Online casino is one of the most profitable type of investment. It is already apparent that gambling industry is the most profitable industry in the world because we, the gamblers are supporting them hard and continue to waste our money for them and even though others cannot afford to be they still bet, so that would increase the market.
legendary
Activity: 1106
Merit: 1000
June 05, 2016, 09:33:28 PM
Investing is always good than gambling by yourself.The real problem is what amount what you want to invest.You said 1 bitcoin to invest or gambling with it.In my honest opinion you have nothing to achieve significantly.You need some decent amount to invest in order to be happy with returning amount.
But the real problem in investing its high risky than gambling.. because anytime your money will gone while you are waiting to gain a profit..
Its better to gamble your money just to have some fun not to make profit because we know house is always win but if you are lucky to make a profit just withdraw and don't play again..

investing this way is risky, i agree. but it is in no way riskier than gambling itself. what you describe as "your money will gone while you are waiting to gain a profit" is what happens when you are "gambling" not investing.

you lose only if the site turns into scam and runs away with your money and in this case gambling has the same risk too because you are gambling in the same place you have invested which is risky.
You can always avoid being scam by the online casino, you should not invest to a site that has to high trust rating and also you need to consider how long the sites have been operating, diversify your investing and in that way you can minimize your losses. Of course we can find a good gambling sites here that accepts investors.
hero member
Activity: 1470
Merit: 655
June 05, 2016, 11:22:12 AM
Investing is always good than gambling by yourself.The real problem is what amount what you want to invest.You said 1 bitcoin to invest or gambling with it.In my honest opinion you have nothing to achieve significantly.You need some decent amount to invest in order to be happy with returning amount.
But the real problem in investing its high risky than gambling.. because anytime your money will gone while you are waiting to gain a profit..
Its better to gamble your money just to have some fun not to make profit because we know house is always win but if you are lucky to make a profit just withdraw and don't play again..

investing this way is risky, i agree. but it is in no way riskier than gambling itself. what you describe as "your money will gone while you are waiting to gain a profit" is what happens when you are "gambling" not investing.

you lose only if the site turns into scam and runs away with your money and in this case gambling has the same risk too because you are gambling in the same place you have invested which is risky.
hero member
Activity: 3052
Merit: 606
June 05, 2016, 08:26:57 AM
Investing is always good than gambling by yourself.The real problem is what amount what you want to invest.You said 1 bitcoin to invest or gambling with it.In my honest opinion you have nothing to achieve significantly.You need some decent amount to invest in order to be happy with returning amount.
But the real problem in investing its high risky than gambling.. because anytime your money will gone while you are waiting to gain a profit..
Its better to gamble your money just to have some fun not to make profit because we know house is always win but if you are lucky to make a profit just withdraw and don't play again..
I beg to disagree, investing is more safe than gambling as we know for the fact that the house always wins and as a gambler we all lose in the long run, investing in online casinos are already proven to be profitable and we can even make more profit if we learn how to diversify our investments. For me, the only thing you need to consider in investing an online casino is to select the most trusted one where you risk your money.
hero member
Activity: 924
Merit: 1001
June 05, 2016, 07:37:29 AM
Investing is always good than gambling by yourself.The real problem is what amount what you want to invest.You said 1 bitcoin to invest or gambling with it.In my honest opinion you have nothing to achieve significantly.You need some decent amount to invest in order to be happy with returning amount.
But the real problem in investing its high risky than gambling.. because anytime your money will gone while you are waiting to gain a profit..
Its better to gamble your money just to have some fun not to make profit because we know house is always win but if you are lucky to make a profit just withdraw and don't play again..
hero member
Activity: 728
Merit: 500
June 05, 2016, 04:33:40 AM
Investing is always good than gambling by yourself.The real problem is what amount what you want to invest.You said 1 bitcoin to invest or gambling with it.In my honest opinion you have nothing to achieve significantly.You need some decent amount to invest in order to be happy with returning amount.
full member
Activity: 210
Merit: 100
June 05, 2016, 04:25:34 AM
I don't think so you should not invest your bitcoin In casino. I think you will lost your bitocint there. which you have earn very difficiultly. so I think you should not use your bitocin in gambling.
hero member
Activity: 952
Merit: 500
June 05, 2016, 02:05:01 AM
Investing in a staring casino site or a new casino site do pose a lot of risk for your money, first of it is that you don't know whether the site is legit and not a scam, if it is just a scam then your money will all be lost without any trace to what happened about it.

Another risk is that if the site is legit, then it does have a lot of competing casino sites out there which are already established for almost a year and still had a lot of ads and users advertising it.

There are more to say, but what I just want to say is that it is still your decision if you want to take the risk, cause we don't know maybe it is the start of your great profit for $3000.

Not really. If you're investing in a legit site, you obviously know it's legit Tongue Get my logic? No. OK. Basically if you know that the site is around for a long time and they previously had the ability to steal more than your investment, than you should go for it.

For example, betking.io or justdice. The amount that you earn is usually around 1% of the gaming volume(house edge).

correct me if i am wrong but the percentage that you can earn (1% that you said) is only depending on how much you invest. the bigger you invest the bigger shares you hold so you earn more profit. so the percent will vary depending on your investment right?
It actually depends on how much you can risk on your total investment, in safedice there are choices they called it "kelly" you can max your percentage of share and you will be added or deducted accordingly base on the total bets.
legendary
Activity: 3472
Merit: 10611
June 05, 2016, 12:25:24 AM
Investing in a staring casino site or a new casino site do pose a lot of risk for your money, first of it is that you don't know whether the site is legit and not a scam, if it is just a scam then your money will all be lost without any trace to what happened about it.

Another risk is that if the site is legit, then it does have a lot of competing casino sites out there which are already established for almost a year and still had a lot of ads and users advertising it.

There are more to say, but what I just want to say is that it is still your decision if you want to take the risk, cause we don't know maybe it is the start of your great profit for $3000.

Not really. If you're investing in a legit site, you obviously know it's legit Tongue Get my logic? No. OK. Basically if you know that the site is around for a long time and they previously had the ability to steal more than your investment, than you should go for it.

For example, betking.io or justdice. The amount that you earn is usually around 1% of the gaming volume(house edge).

correct me if i am wrong but the percentage that you can earn (1% that you said) is only depending on how much you invest. the bigger you invest the bigger shares you hold so you earn more profit. so the percent will vary depending on your investment right?
hero member
Activity: 574
Merit: 500
June 05, 2016, 12:18:37 AM
Investing in a staring casino site or a new casino site do pose a lot of risk for your money, first of it is that you don't know whether the site is legit and not a scam, if it is just a scam then your money will all be lost without any trace to what happened about it.

Another risk is that if the site is legit, then it does have a lot of competing casino sites out there which are already established for almost a year and still had a lot of ads and users advertising it.

There are more to say, but what I just want to say is that it is still your decision if you want to take the risk, cause we don't know maybe it is the start of your great profit for $3000.

Not really. If you're investing in a legit site, you obviously know it's legit Tongue Get my logic? No. OK. Basically if you know that the site is around for a long time and they previously had the ability to steal more than your investment, than you should go for it.

For example, betking.io or justdice. The amount that you earn is usually around 1% of the gaming volume(house edge).
legendary
Activity: 1092
Merit: 1000
https://trueflip.io/
June 04, 2016, 11:17:56 PM
Investing in a staring casino site or a new casino site do pose a lot of risk for your money, first of it is that you don't know whether the site is legit and not a scam, if it is just a scam then your money will all be lost without any trace to what happened about it.

Another risk is that if the site is legit, then it does have a lot of competing casino sites out there which are already established for almost a year and still had a lot of ads and users advertising it.

There are more to say, but what I just want to say is that it is still your decision if you want to take the risk, cause we don't know maybe it is the start of your great profit for $3000.
You have a good point but as a smart investors I would prefer to invest in a more established online gambling casinos regardless of whether the profit is slow as long as it is steady than risk with the newly established where at anytime they can easily take our money.
full member
Activity: 182
Merit: 100
June 04, 2016, 09:11:54 AM
Investing in a staring casino site or a new casino site do pose a lot of risk for your money, first of it is that you don't know whether the site is legit and not a scam, if it is just a scam then your money will all be lost without any trace to what happened about it.

Another risk is that if the site is legit, then it does have a lot of competing casino sites out there which are already established for almost a year and still had a lot of ads and users advertising it.

There are more to say, but what I just want to say is that it is still your decision if you want to take the risk, cause we don't know maybe it is the start of your great profit for $3000.
hero member
Activity: 756
Merit: 520
June 04, 2016, 09:10:19 AM
It is good to make an investment, but it can be really risky if you are investing in Bitcoin casinos because the thing is that you will never know what can happen with your money. And the chance is really high that you can lose a lot of money with it if it is going bad.

It was the bad impact of investments in gambling, but we know that there is a gambling sites have a risk/impact slightly the gambling sites IE indeed had been very trusted by gamblers and many gamblers who use the site, I think a site like that have very little risk. Because they would not have risked him.
full member
Activity: 224
Merit: 100
June 04, 2016, 09:07:10 AM
I have $3000 USD to invest, is it worth it?

What sort of returns should I expect

You should if you know the owner of the bitcoincasino that you want to invest your money and If you tried the casino that their game is okay that dont have bugs, glitch or any mistakes in sites. If theres no Bugs in The sites. It has chance to worth your $3000 USD if they didnt scam you. Because i think in all betting sites they always win than in the player of the game. So your Investment is profitable.

It's hard to say that it will be profitable since in some sites you only have small percentage of profit. When going in to the gambling world, one should only invest on what he/she can afford to lose. You can say that the house always win but you can't get rid of the fact that there will be a gambler who will win a lot, sooner or later. There's always a risk in gambling world.
legendary
Activity: 1036
Merit: 1002
June 04, 2016, 07:30:01 AM
I have $3000 USD to invest, is it worth it?

What sort of returns should I expect

You should if you know the owner of the bitcoincasino that you want to invest your money and If you tried the casino that their game is okay that dont have bugs, glitch or any mistakes in sites. If theres no Bugs in The sites. It has chance to worth your $3000 USD if they didnt scam you. Because i think in all betting sites they always win than in the player of the game. So your Investment is profitable.
hero member
Activity: 658
Merit: 500
June 04, 2016, 07:24:08 AM
If you will be investing on gambling and you want to win.One thing to consider,you must have big capitals on gambling so you can earn and make sure that you will not lose.But be mindful and you must know when it's time to stop.It is good inveting money on gambling ifthat money is big.But if you're a small gambler you will not profit at all.
You can't say that you cannot lose if you have a big amount to gamble anytime it can lose even you have lots of money to gamble..
Its better to play to set a fix amount before you can play and start making a profit.. and be satisfied what you had and don't  greedy because it can lead you to lose..
I am sorry? Are we talking about investing bitcoin in casino?  Or "how to earn money from gambling?"

However In my opinion invest in bitcoin casino have much  benefits,  we know casino always win more than their lost it means their bankroll increased because profit,  the risk are worth.

But I don' think that this amount will be enough for starting a casino, he will have to need more money for that, or he can take a minute start, but still it will require a large amount to advertise as without advertisement he will not get any user.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
June 04, 2016, 03:28:38 AM
It is good to make an investment, but it can be really risky if you are investing in Bitcoin casinos because the thing is that you will never know what can happen with your money. And the chance is really high that you can lose a lot of money with it if it is going bad.

But if you invest in newly made well its gamble a chance for you to lose money or you can earn big money with it and all investment is risky either physical or online investment but those who are rich now is risk taker they take the risk even though its high chance for them to lose money but still they believe im their feelings that they can earn with it, thats why theres nothing will happen to you if you keep your all  things are risky.
Well, investing in bitcoins casinos are really risky, don't take chances investing on new casinos as they have a lot to prove before they can earn the trust of the public, what I can suggest that I would think a very safe idea for the investors is that they need to select a trusted gambling sites, the aforementioned should have been operating for a longer period of time and has a good feedback from the community.

investing in new casinos bankroll is double the risk that you normally take when you invest in these types of things.

one is the general risk when you invest in a casino bankroll which is losing because the casino may lose (this can be higher in new casinos because their system may even have bugs which leads to people winning and casino+you losing)

two is the risk that you take when investing in a new casino with no history which can turn into scams and they can even run away because they are new and they are not losing anything if they close down shop and go away.
hero member
Activity: 574
Merit: 500
June 04, 2016, 03:14:05 AM
I have $3000 USD to invest, is it worth it?

What sort of returns should I expect

I think the best way to go about it is just to hold that coin until the price rises, because bitcoin is a good store of value to say the least. If you want, you can sell it at a high price. But for me, I'd rather hold it indefinitely.

You can expect around the gambling volume times the house edge, although you probably will get charged the commission on your profits.
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