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Author Topic: Casinos with option to invest?  (Read 1751 times)
NLNico
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August 09, 2015, 08:20:16 AM
 #21

With the data on my site I would also estimate the monthly return between 2-8% on average. I agree with Coef that it is a very high return and personally I have gained a very decent amount of money by investing in casinos.

However, remember, choosing the casino to invest in is not only about the potential/estimated profit, but also about trusting the site. For example dice.ninja stole ~2k BTC from the investors. Newer site Cryptocoins-dice.com stole 150 BTC. Ice-Dice.com also stole investor funds (I am not sure how much.) And there are many other sites that scammed their investors. Potentially they might not even steal all your funds directly, but just pretend to be winning players and steal from you completely unnoticed.

Investing in casinos can be rewarding but it is definitely not without risks.

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August 09, 2015, 05:08:16 PM
 #22

With the data on my site I would also estimate the monthly return between 2-8% on average. I agree with Coef that it is a very high return and personally I have gained a very decent amount of money by investing in casinos.

However, remember, choosing the casino to invest in is not only about the potential/estimated profit, but also about trusting the site. For example dice.ninja stole ~2k BTC from the investors. Newer site Cryptocoins-dice.com stole 150 BTC. Ice-Dice.com also stole investor funds (I am not sure how much.) And there are many other sites that scammed their investors. Potentially they might not even steal all your funds directly, but just pretend to be winning players and steal from you completely unnoticed.

Investing in casinos can be rewarding but it is definitely not without risks.
Thanks for sharing your experience, 2 - 8% is actually pretty decent, makes it worth it for me put invest a little in an established reputable casino.
And you're right about it being important to choose the right casino to invest with.

I was also wondering if it would be safer to invest in a moneypot casino than it is to invest in a casino that's independent?

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August 09, 2015, 05:33:15 PM
 #23

I was also wondering if it would be safer to invest in a moneypot casino than it is to invest in a casino that's independent?

Just to make it clear, you can't invest in a particular moneypot casino but rather invest in the global moneypot bankroll, which all players at moneypot are betting against. Keep in mind it's quite a high risk investment, much more so than doing a <= 1x kelly at any other place.

That said, I think a huge mistake people make is trying to find, and invest in only the "best" place. There's so many things that can go wrong (lucky whale, malicious operator, operator error, operator getting hit by a bus, bitcoin crashing etc.) that to put more than say 1% of your net worth into such a scheme would be reckless. What I think is a good idea is to find multiple independent schemes, which you believe are +EV and allocate your funds accordingly. It's a lot more work, but you can transition from gambling-investor to investor =)

Check out gamblingsitefinder.com for a decent list/rankings of crypto casinos. Note: I have no affiliation or interest in it, and don't even agree with all the rankings ... but it's the only uncorrupted review site I'm aware of.
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August 09, 2015, 05:43:49 PM
 #24

I was also wondering if it would be safer to invest in a moneypot casino than it is to invest in a casino that's independent?

Just to make it clear, you can't invest in a particular moneypot casino but rather invest in the global moneypot bankroll, which all players at moneypot are betting against. Keep in mind it's quite a high risk investment, much more so than doing a <= 1x kelly at any other place.

That said, I think a huge mistake people make is trying to find, and invest in only the "best" place. There's so many things that can go wrong (lucky whale, malicious operator, operator error, operator getting hit by a bus, bitcoin crashing etc.) that to put more than say 1% of your net worth into such a scheme would be reckless. What I think is a good idea is to find multiple independent schemes, which you believe are +EV and allocate your funds accordingly. It's a lot more work, but you can transition from gambling-investor to investor =)
Definitely a good advice, but I have found that I have suffered more of a loss due to one of the places I invested in, not being legit. I have had more success investing all my funds only on one site rather than multiple sites.
eternalgloom (OP)
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August 09, 2015, 07:19:22 PM
 #25

I was also wondering if it would be safer to invest in a moneypot casino than it is to invest in a casino that's independent?

Just to make it clear, you can't invest in a particular moneypot casino but rather invest in the global moneypot bankroll, which all players at moneypot are betting against. Keep in mind it's quite a high risk investment, much more so than doing a <= 1x kelly at any other place.

That said, I think a huge mistake people make is trying to find, and invest in only the "best" place. There's so many things that can go wrong (lucky whale, malicious operator, operator error, operator getting hit by a bus, bitcoin crashing etc.) that to put more than say 1% of your net worth into such a scheme would be reckless. What I think is a good idea is to find multiple independent schemes, which you believe are +EV and allocate your funds accordingly. It's a lot more work, but you can transition from gambling-investor to investor =)
Yeah, definitely agree with not putting all your eggs in one basket. Plus, I would assume that practically all investments into Bitcoin casino's are pretty high risk.
And didn't know that investing in Moneypot worked like that, gotta read up a bit.

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August 09, 2015, 07:30:16 PM
 #26

I was also wondering if it would be safer to invest in a moneypot casino than it is to invest in a casino that's independent?

Just to make it clear, you can't invest in a particular moneypot casino but rather invest in the global moneypot bankroll, which all players at moneypot are betting against. Keep in mind it's quite a high risk investment, much more so than doing a <= 1x kelly at any other place.

That said, I think a huge mistake people make is trying to find, and invest in only the "best" place. There's so many things that can go wrong (lucky whale,tcmalicious operator, operator error, operator getting hit by a bus, bitcoin crashing e.) that to put more than say 1% of your net worth into such a scheme would be reckless. What I think is a good idea is to find multiple independent schemes, which you believe are +EV and allocate your funds accordingly. It's a lot more work, but you can transition from gambling-investor to investor =)
Yeah, definitely agree with not putting all your eggs in one basket. Plus, I would assume that practically all investments into Bitcoin casino's are pretty high risk.
And didn't know that investing in Moneypot worked like that, gotta read up a bit.
Sorry seems I misunderstood this. Rhavar did you mean investing on moneypot is equivalent to going to each site and investing separately, in terms of 

Quote
malicious operator, operator error, operator getting hit by a bus, bitcoin crashing
If you did, then wouldn't all those things also apply to moneypot ? as it is at the end of the day also an individual anonymous company/person
eternalgloom (OP)
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August 09, 2015, 07:37:32 PM
 #27

Quote
malicious operator, operator error, operator getting hit by a bus, bitcoin crashing
If you did, then wouldn't all those things also apply to moneypot ? as it is at the end of the day also an individual anonymous company/person

I don't think he said that those things didn't apply to Moneypot, he was just saying that those are the risks of investing in *any* casino, also the ones that look like they're safe investments.
Might have misunderstood..

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August 09, 2015, 07:43:33 PM
Last edit: August 09, 2015, 07:55:01 PM by arallmuus
 #28

If you did, then wouldn't all those things also apply to moneypot ? as it is at the end of the day also an individual anonymous company/person

He mean that and if you check on moneypot's FAQ you will know how honest he is. He stated honestly that investing in moneypot is extremely risky. Incase you are not aware of it here is what stated in the FAQ

References : https://www.moneypot.com/faq#how-risky-is-this-

Quote
Extremely. You are risking your entire investment amount, and you should never invest more than you would be ok with losing. Furthermore, your risks are compounded by counter-party risks. You have no way of knowing we won't steal all your money (even though we promise not to), or that there isn't an abusable weakness that would allow an attacker to unnoticed drain the bankroll. There are a lot of nighmare possibilities, invest accordingly

Now where would you find this kind of statement that would scare away a potential investor except in Moneypot?  Cheesy Also that it seems Ryan has put a countermeasure with multisig or some sort just incase someone put a bullet in his head therefore if he is by some way decease then the coins will still be safe ( I got no further information regarding who holds the key or whatever method he use, ask him for more explicit details )

R


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eternalgloom (OP)
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August 09, 2015, 08:54:32 PM
 #29

Now where would you find this kind of statement that would scare away a potential investor except in Moneypot?  Cheesy Also that it seems Ryan has put a countermeasure with multisig or some sort just incase someone put a bullet in his head therefore if he is by some way decease then the coins will still be safe ( I got no further information regarding who holds the key or whatever method he use, ask him for more explicit details )
Oh that's great if he's using multisig, should be standard across the industry in my opinion.
Definitely gotta invest at least something into Moneypot.

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August 09, 2015, 09:09:28 PM
Last edit: August 09, 2015, 10:12:27 PM by Monopoly
 #30

Never invest in dice sites ....... Since the owner of dice sites can know seeds ( client and server seeds ) investing in dice sites are very very risky . he or she can create a account and win so money and then say he wasn't him .
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August 09, 2015, 10:00:14 PM
 #31


 Moneypot has investment for many casinos. It is nice to invest in many websites rather then just one.

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August 09, 2015, 10:04:58 PM
 #32

moneypot is one of the best places to invest as the owner is a reputable member and also one more option is just-dice its owner has also never scammed anyone from the day he started business
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August 09, 2015, 10:17:32 PM
 #33

Sorry seems I misunderstood this. Rhavar did you mean investing on moneypot is equivalent to going to each site and investing separately, in terms of

When you're invested in MoneyPot, you're just investing in MoneyPot. As in, you need to trust MoneyPot, but don't need to trust the individual MoneyPot casinos. In many ways, casinos are to MoneyPot as what players are to most most casinos =)

Quote
If you did, then wouldn't all those things also apply to moneypot ? as it is at the end of the day also an individual anonymous company/person

Exactly, and why you should diversify outside of it =)  Like for instance, in the gambling space there are some independent casinos taking bankroll investments you can take a look at: Just-Dice, BitDice.me and SafeDice. In pure bitcoin, bitfinex offers some pretty cool swap deals. (None of these I am associated with, or have inside information). In fact, bitcoin itself is a hugely speculative investment so don't feel bad about just leaving it sit in cold storage somewhere. And there's a huge amount of opportunities in the fiat world to. But the real litmus test for any investment should be if you think it'll be +EV, and if you are ok with losing the entire thing.

Check out gamblingsitefinder.com for a decent list/rankings of crypto casinos. Note: I have no affiliation or interest in it, and don't even agree with all the rankings ... but it's the only uncorrupted review site I'm aware of.
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August 09, 2015, 11:03:23 PM
 #34

Never invest in dice sites ....... Since the owner of dice sites can know seeds ( client and server seeds ) investing in dice sites are very very risky . he or she can create a account and win so money and then say he wasn't him .

If a site is well known, why not invest? He'd have to destroy his own prospering business to do it. Why kill a goose laying golden eggs?

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August 10, 2015, 12:40:50 AM
 #35

Never invest in dice sites ....... Since the owner of dice sites can know seeds ( client and server seeds ) investing in dice sites are very very risky . he or she can create a account and win so money and then say he wasn't him .

If a site is well known, why not invest? He'd have to destroy his own prospering business to do it. Why kill a goose laying golden eggs?

Actually its pretty much a good idea if they will run with tons of cash. Think about it too much casino sites there is no much volume going on plus with the head ache of running and managing site could be a gruesome task.

But i only hope this sites are here to stay and won't ran away with their investors money.

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August 10, 2015, 12:57:35 AM
 #36

Never invest in dice sites ....... Since the owner of dice sites can know seeds ( client and server seeds ) investing in dice sites are very very risky . he or she can create a account and win so money and then say he wasn't him .

If a site is well known, why not invest? He'd have to destroy his own prospering business to do it. Why kill a goose laying golden eggs?

If they are successful in creating one dice site like this then they can close this site with all the profit and open another new site with little bit of investment - this will give them more profits right?
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August 10, 2015, 02:14:41 AM
 #37

I'd like to find some more casino's that have the option to invest besides gambling.
Does anyone have experience with this and how much would you generally make on an investment like that?


tothemoon.me is a new one to check out.  More info is here:  https://bitcointalk.org/index.php?topic=1105519.0;all

It seems a little more complicated than some other investment processes but the returns seem pretty good and that thread I provided also documents how the profits are distributed as well as how dividends are given out and also documents actual dividend payouts.

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August 10, 2015, 02:36:31 AM
 #38

I rarely find casinos that allow you to invest.
Investing in any casino or dice site is risky as the owner can run away anything with all the investor's fund.

     

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unusualfacts30
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August 10, 2015, 06:06:42 AM
 #39

I'd like to find some more casino's that have the option to invest besides gambling.
Does anyone have experience with this and how much would you generally make on an investment like that?


invested in reddking. site was shutdown and investment was gone

never going to invest in casino again unless casino is created by me

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eternalgloom (OP)
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August 10, 2015, 08:41:24 PM
 #40

I'd like to find some more casino's that have the option to invest besides gambling.
Does anyone have experience with this and how much would you generally make on an investment like that?


tothemoon.me is a new one to check out.  More info is here:  https://bitcointalk.org/index.php?topic=1105519.0;all

It seems a little more complicated than some other investment processes but the returns seem pretty good and that thread I provided also documents how the profits are distributed as well as how dividends are given out and also documents actual dividend payouts.
This seems pretty interesting indeed, it's definitely a plus that it's run by a trusted member of this forum.
The 1 BTC minimum investment would be quite detrimental to my bankroll though :-/

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