bajing
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The most Professional Cryptocurrency Casino
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December 15, 2015, 12:28:21 AM |
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I know investing in a casino will bring the investor profit in the long term, meaning that the casino will actually lose money in the long term so why are they doing it? What is the benefit they get from it?
benefit for casino they will get more bankroll to cover if one player won a lot of money and they not offer much profit for investor. for example: casino get instant money when you invest at there but you need wait long time to take a profit if you investment and be selective to pick a casino before you invest your money
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KnightTrader
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December 15, 2015, 12:38:34 AM |
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What is enough babkroll for site? I think that is unlimited/more is better.
If (most likely) site owners are seed investors of bankroll, their part will stay big for long time.
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Superhitech
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December 15, 2015, 01:32:25 AM |
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What is enough babkroll for site? I think that is unlimited/more is better.
If (most likely) site owners are seed investors of bankroll, their part will stay big for long time.
There's no such thing as an unlimited bankroll, but a higher bankroll is definitely better, as if someone gets lucky and wins a lot of money, the site won't go bankrupt and will possibly gain the money back from other users. Do note that the bigger the bankroll is, the more money you will have to put in to make a profit. If you want to take a bigger risk but gain more profit, invest in a site with a smaller bankroll. If you want to be safer but gain money at a slower rate, invest in a site with a bigger bankroll.
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JumperX
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December 15, 2015, 01:43:14 AM |
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casinos gain profit from investments thru fees, some casino takes around .5% - 1% of investors profit every xxx days/months so by that they can pay for all the site's expenses such as domain, hosting and staffs
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Astargath (OP)
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December 15, 2015, 09:25:03 AM |
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casinos gain profit from investments thru fees, some casino takes around .5% - 1% of investors profit every xxx days/months so by that they can pay for all the site's expenses such as domain, hosting and staffs
But they are still loosing money, if an investor wins 1 bitcoin and they take 1% (0.01) they still have to pay him 0.99 bitcoins, so they are not getting any profit, they are just simply giving less money to the investor
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Buziss
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December 15, 2015, 09:42:10 AM |
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casinos gain profit from investments thru fees, some casino takes around .5% - 1% of investors profit every xxx days/months so by that they can pay for all the site's expenses such as domain, hosting and staffs
But they are still loosing money, if an investor wins 1 bitcoin and they take 1% (0.01) they still have to pay him 0.99 bitcoins, so they are not getting any profit, they are just simply giving less money to the investor Nope. The investors' profit does not come from the house, but from the gamblers' loss. Say if a gambler lose 1 btc, the investors will share 0.99 btc and the site will take 0.01 btc as 1% fee.
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Newcoins2020
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December 15, 2015, 09:45:59 AM |
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I'm not sure if what I'm going to say is correct, so correct me if I'm wrong. I think investors invest into casinos, so that when the player wins, they are able to pay them out. In the long run the house will always win so gamblers lose money and the house wins, the winning amount (profit) will go back to the investors. I believe the profits will be split between the casino owners as well as their investors.
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RealPhotoshoper
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December 15, 2015, 01:55:36 PM |
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I know investing in a casino will bring the investor profit in the long term, meaning that the casino will actually lose money in the long term so why are they doing it? What is the benefit they get from it?
they get profit on short and long term,they decide it with some deal with the casino,its just what i think,the investor get some profit share from casino,from user on that casino,you know every gamble have lose and fee of witdraw.
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futurebit640
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December 15, 2015, 02:02:23 PM |
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casinos gain profit from investments thru fees, some casino takes around .5% - 1% of investors profit every xxx days/months so by that they can pay for all the site's expenses such as domain, hosting and staffs
But they are still loosing money, if an investor wins 1 bitcoin and they take 1% (0.01) they still have to pay him 0.99 bitcoins, so they are not getting any profit, they are just simply giving less money to the investor It looks like your new to gambling. What you said is correct if many users or investors win lot of games but in actual scenario due to house edge players will not win always so gambling house will be the one at the end going to win. I saw only few gambling houses being closed not because of loses but not managing it properly but you can see many gamblers lost the money in casinos. So casinos will be always in profits.
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erwin45hacked
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Activity: 1064
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December 15, 2015, 02:41:14 PM |
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But they are still loosing money, if an investor wins 1 bitcoin and they take 1% (0.01) they still have to pay him 0.99 bitcoins,
This is very weird statements. The site has nothing to lose because most of the funds will be covered by investor so the site is kind like providing service for investor and keep charging 10 % comission for free and that is totally risk free assuming that the owner of the site has no stake in bankroll
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hua_hui
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December 15, 2015, 06:11:35 PM |
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when the players win, the casino takes the loss from the investor pool. so they have no gain or loss. but if the players loss, they will take commission and the rest is divided among the investor. so it is kind of a win situation for casino. however, usually casino owners r also big investors too.
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gio3442
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December 15, 2015, 06:12:44 PM |
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Investments=bigger bet caps
Bigger bet caps=more earnings
Casinos that allow investments also hold fees from profits of investors (usually) and always are also invested in their platform with own funds.
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Astargath (OP)
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December 15, 2015, 07:29:58 PM |
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But they are still loosing money, if an investor wins 1 bitcoin and they take 1% (0.01) they still have to pay him 0.99 bitcoins,
This is very weird statements. The site has nothing to lose because most of the funds will be covered by investor so the site is kind like providing service for investor and keep charging 10 % comission for free and that is totally risk free assuming that the owner of the site has no stake in bankroll How is that covered by investors? As far as I know investors have +EV when investing in a casino so in the long term they will end up winning more money than loosing. casinos gain profit from investments thru fees, some casino takes around .5% - 1% of investors profit every xxx days/months so by that they can pay for all the site's expenses such as domain, hosting and staffs
But they are still loosing money, if an investor wins 1 bitcoin and they take 1% (0.01) they still have to pay him 0.99 bitcoins, so they are not getting any profit, they are just simply giving less money to the investor Nope. The investors' profit does not come from the house, but from the gamblers' loss. Say if a gambler lose 1 btc, the investors will share 0.99 btc and the site will take 0.01 btc as 1% fee. Isn't that the same? When a gambler loses the casino is supposed to get 1 btc profit but instead they get less because someone invested in the casino.
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DarkStar_
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December 15, 2015, 07:49:08 PM |
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They can increase their bank roll to allow larger bets.They also usually keep a fee from the investors profit. That way if they profit, both parties profit. But if the investor looses, the house looses nothing.
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taking a break - expect delayed responses
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Astargath (OP)
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December 15, 2015, 11:09:08 PM |
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They can increase their bank roll to allow larger bets.They also usually keep a fee from the investors profit. That way if they profit, both parties profit. But if the investor looses, the house looses nothing.
Can someone actually explain it detailed so I can understand? Repeating stuff that has already been said is not helping me, someone use numbers and explain it to me step by step because I still don't get it
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Erza
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December 16, 2015, 04:46:14 AM |
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What is enough babkroll for site? I think that is unlimited/more is better.
If (most likely) site owners are seed investors of bankroll, their part will stay big for long time.
There's no such thing as an unlimited bankroll, but a higher bankroll is definitely better, as if someone gets lucky and wins a lot of money, the site won't go bankrupt and will possibly gain the money back from other users. Do note that the bigger the bankroll is, the more money you will have to put in to make a profit. If you want to take a bigger risk but gain more profit, invest in a site with a smaller bankroll. If you want to be safer but gain money at a slower rate, invest in a site with a bigger bankroll. May be there have unlimited bankroll. It means the bankroll will never end although people always winning there. Btw about the invest thing, why we should invest in smaller bankroll? That means it is a new site right? Actually what I know it depends on the percentage that they give to us higher investment sure you got more percentage right? So how do it affect with bankroll?
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MyBTT
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December 16, 2015, 04:47:39 AM |
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They usually charge a commission on gains etc.
Also the owners themselves obviously has investments in the company. They will gain even more with a combined, larger bankroll.
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Mars110
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December 16, 2015, 05:08:57 AM |
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I know investing in a casino will bring the investor profit in the long term, meaning that the casino will actually lose money in the long term so why are they doing it? What is the benefit they get from it?
I think, a casino is a very easy profit fields to find a very big advantage. because in the casino that has a strategy is the owner and player is a tool to achieve profits that chill by the owner of the casino
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Astargath (OP)
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December 16, 2015, 11:13:46 AM |
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Maybe dooglus would be so kind to explain the investment system, I'm sure he would explain it very detailed, I'm still confused, people keep saying they charge fees but I don't see how that does anything
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erwin45hacked
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December 16, 2015, 01:56:17 PM |
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But they are still loosing money, if an investor wins 1 bitcoin and they take 1% (0.01) they still have to pay him 0.99 bitcoins,
This is very weird statements. The site has nothing to lose because most of the funds will be covered by investor so the site is kind like providing service for investor and keep charging 10 % comission for free and that is totally risk free assuming that the owner of the site has no stake in bankroll How is that covered by investors? As far as I know investors have +EV when investing in a casino so in the long term they will end up winning more money than loosing. You have answered this yourself. If investor keep winning alot then the site will as well because the site charge percentage for commission. if a 10 % profit commission then the site take 0.1 for every 1 btc profit so the site get 0.1 btc and the investor will only get 0.9 btc. Why is this so hard for you to understand?
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