Topic: Should I invest in bitcoin casinos? - page 41. (Read 30357 times)
When you invest in bitcoin casino you get very small portion of profit.You must to aware of long term waiting as in short term it is possible to not see any money extra.In stead of investing try to run your own site and if this succeed you make lot of money.
From my opinion investment in any casino is risky like doing gambling with money but it demand a lot of patience to make some profit, i personally invested in a casino and it was wonderful experience for me because that is the key the house always win.
I have $3000 USD to invest, is it worth it?
What sort of returns should I expect
What sort of returns should I expect
I think you should split it up and only use half the 3k . You can get maybe 10% a month. But remember there are other options.
you could make a profit if the players lose. so look for sites that have a lot of players and has a high house edge.
you can be profitable from investment in that gambling sites
you can be profitable from investment in that gambling sites
You seem to forget that you lose based on the amount that a player wins as well, so everything is the same actually. Instead of finding a site that has house edge, you should just invest on a site that has an industry standard edge instead since it will attract more player than those with higher house edge
i agree. imagine i know of a casino with 10% house edge, i will totally try to skip that cause i will end up losing even more time. The most important is the frequency of gambling amount per day. if the volume is big, even the house edge is average, the profit made will still be a lot more than the others.
you could make a profit if the players lose. so look for sites that have a lot of players and has a high house edge.
you can be profitable from investment in that gambling sites
you can be profitable from investment in that gambling sites
You seem to forget that you lose based on the amount that a player wins as well, so everything is the same actually. Instead of finding a site that has house edge, you should just invest on a site that has an industry standard edge instead since it will attract more player than those with higher house edge
i agree. imagine i know of a casino with 10% house edge, i will totally try to skip that cause i will end up losing even more time. The most important is the frequency of gambling amount per day. if the volume is big, even the house edge is average, the profit made will still be a lot more than the others.
you could make a profit if the players lose. so look for sites that have a lot of players and has a high house edge.
you can be profitable from investment in that gambling sites
you can be profitable from investment in that gambling sites
You seem to forget that you lose based on the amount that a player wins as well, so everything is the same actually. Instead of finding a site that has house edge, you should just invest on a site that has an industry standard edge instead since it will attract more player than those with higher house edge
Actually you lose based on your weight of margin of investment.
So if there is people with 20 btc invested and you only have 1 btc you going to lose less then them.
Its a collective lose not just a lose on your part, i think this is what confuses people that your directly alone investing against users.
That's not the case you're sharing loses which reduces you loses significantly.
you could make a profit if the players lose. so look for sites that have a lot of players and has a high house edge.
you can be profitable from investment in that gambling sites
you can be profitable from investment in that gambling sites
You seem to forget that you lose based on the amount that a player wins as well, so everything is the same actually. Instead of finding a site that has house edge, you should just invest on a site that has an industry standard edge instead since it will attract more player than those with higher house edge
Actually you lose based on your weight of margin of investment.
So if there is people with 20 btc invested and you only have 1 btc you going to lose less then them.
Its a collective lose not just a lose on your part, i think this is what confuses people that your directly alone investing against users.
That's not the case you're sharing loses which reduces you loses significantly.
you could make a profit if the players lose. so look for sites that have a lot of players and has a high house edge.
you can be profitable from investment in that gambling sites
you can be profitable from investment in that gambling sites
You seem to forget that you lose based on the amount that a player wins as well, so everything is the same actually. Instead of finding a site that has house edge, you should just invest on a site that has an industry standard edge instead since it will attract more player than those with higher house edge
Yea just listen katerniko1.Invest in betking is best possible option for earn money in dice casinos.
you could make a profit if the players lose. so look for sites that have a lot of players and has a high house edge.you can be profitable from investment in that gambling sites
Generally you should not invest in a Bitcoin casino. Many potential problems:
1. The operators may disappear with your investment.
2. The site may be hacked resulting in a loss of all or most of their BTC
3. A high roller might "break the bank". Betting limits help limit this but incredible win streaks do happen.
4. A cheater might exploit loopholes in the software to gain an edge
5. The business is mysteriously unprofitable for "unknown" reasons that the operators blame on variance
6. The site may be shut down, sometimes permanently, by denial of service type attacks. Don't expect quick refunds of your investment if this occurs - operators may spend a fortune trying to get it back online.
1. The operators may disappear with your investment.
2. The site may be hacked resulting in a loss of all or most of their BTC
3. A high roller might "break the bank". Betting limits help limit this but incredible win streaks do happen.
4. A cheater might exploit loopholes in the software to gain an edge
5. The business is mysteriously unprofitable for "unknown" reasons that the operators blame on variance
6. The site may be shut down, sometimes permanently, by denial of service type attacks. Don't expect quick refunds of your investment if this occurs - operators may spend a fortune trying to get it back online.
None of these are really issues anyone other then the site running with funds but some sites have been around a while.
That an are owned by a trustworthy casino, like bitvest its owned by the owner of 777coin and they never seem to have had issues since 2013.
The most lightlord does is gets a little busy that he forgets to send funds to the sig campaign runner but everyone has gotten funds.
I have $3000 USD to invest, is it worth it?
What sort of returns should I expect
What sort of returns should I expect
yes it is worth i think because the house always win in the long run but dont expect too much profit. and invest only what you can afford to lose,
Generally you should not invest in a Bitcoin casino. Many potential problems:
1. The operators may disappear with your investment.
2. The site may be hacked resulting in a loss of all or most of their BTC
3. A high roller might "break the bank". Betting limits help limit this but incredible win streaks do happen.
4. A cheater might exploit loopholes in the software to gain an edge
5. The business is mysteriously unprofitable for "unknown" reasons that the operators blame on variance
6. The site may be shut down, sometimes permanently, by denial of service type attacks. Don't expect quick refunds of your investment if this occurs - operators may spend a fortune trying to get it back online.
1. The operators may disappear with your investment.
2. The site may be hacked resulting in a loss of all or most of their BTC
3. A high roller might "break the bank". Betting limits help limit this but incredible win streaks do happen.
4. A cheater might exploit loopholes in the software to gain an edge
5. The business is mysteriously unprofitable for "unknown" reasons that the operators blame on variance
6. The site may be shut down, sometimes permanently, by denial of service type attacks. Don't expect quick refunds of your investment if this occurs - operators may spend a fortune trying to get it back online.
only having the funds and making a casino is not going to make profit for the owner.
This is just weird post, any casino is going to make profit by default because there is a house edge and it seems you are unaware of that thing.If so then you should read about house edge before posting another weird post. The problem will be wether there will be people wagering on your site or not, to get a profit you need house edge and people that constantly wagering on your site otherwise you wont make any profit
Yea just listen katerniko1.Invest in betking is best possible option for earn money in dice casinos.
Op, with that $3000 budget you have you shouldn't be investing in casino - you should create your own casino. With that money you can easily buy decent casino scripts.
With correct promotions and good marketing you can build your own brand. Don't pay for someone else's dream, instead build your own.
With correct promotions and good marketing you can build your own brand. Don't pay for someone else's dream, instead build your own.
It is not that easy to start an online casino. If he does not have enough experience how to manage it, he will lose all the money he have. And, money alone cannot determine your success on a business. It have different facets to be understand. You have sales, management, finance and operations. He is better off if he just invest it on different investment platforms and live on interest.
People think if they invest and start good business based on bitcoin transactions they are done and they will be rich in future..But where is security in all this? You have constant battle against hackers who trying to compromite your servers..This mean you have to invest more money in IT security professionals..This is not easy task at all.
it is more than that. You have to make sure the security is always top notch. you also have to make sure that you constantly attract the people to come to your website to play. so you need to have good advertisement and new ways of attracting. Upgrade your servers and introduce new games. Manage staff/empolyee if needed and many more.
People think if they invest and start good business based on bitcoin transactions they are done and they will be rich in future..But where is security in all this? You have constant battle against hackers who trying to compromite your servers..This mean you have to invest more money in IT security professionals..This is not easy task at all.
Op, with that $3000 budget you have you shouldn't be investing in casino - you should create your own casino. With that money you can easily buy decent casino scripts.
With correct promotions and good marketing you can build your own brand. Don't pay for someone else's dream, instead build your own.
With correct promotions and good marketing you can build your own brand. Don't pay for someone else's dream, instead build your own.
nah, it can turn into a disaster so soon.
in order to create a casino the budget is just a small part of the process and only the first step. you should make that casino profitable if you design it, only having the funds and making a casino is not going to make profit for the owner.
you have to know some techniques to advertise your business and make it popular like having signature campaigns, knowing how, how much, and when to giveaway free bitcoin to bring in more players and a lot of other important stuff to make your investment work out for you.
but investing simply in the bankroll of another business (another casino) means you just give the money and then sit back and take the profit. and that is if you are lucky and house don't lose after your deposit and the casino is not scam to run away with your funds.
Op, with that $3000 budget you have you shouldn't be investing in casino - you should create your own casino. With that money you can easily buy decent casino scripts.
With correct promotions and good marketing you can build your own brand. Don't pay for someone else's dream, instead build your own.
With correct promotions and good marketing you can build your own brand. Don't pay for someone else's dream, instead build your own.
If you have chance invest in everything related to bitcoin and you wont regret it. Casino, exchange it is not important, because bitcoin have great chances to become even more popular, i'm not talking only about its price.
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