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spiritual3 (OP)
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January 09, 2016, 05:12:21 PM |
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I requested opinions from our members about which is profitable.
Investing in betting sites or betting our self?
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Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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jacee
Legendary
 Offline
Activity: 1302
Merit: 1024
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January 09, 2016, 05:17:40 PM |
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Boh has risk but I think you got a higher chance of getting a profit if you invest in them. If you are planning to find a really good and popular gambling site tho. I have hear moneypot is a good investment before bu now that it is under new manangement I don't know if it is still good to invest on them.
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pinoycash
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January 09, 2016, 05:58:49 PM |
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I requested opinions from our members about which is profitable.
Investing in betting sites or betting our self?
Both carry the same risk, but playing/betting has greater odds IMO, + the entertainment it will bring to you. |
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EngiNerd
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January 09, 2016, 06:03:28 PM |
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Boh has risk but I think you got a higher chance of getting a profit if you invest in them. If you are planning to find a really good and popular gambling site tho. I have hear moneypot is a good investment before bu now that it is under new manangement I don't know if it is still good to invest on them.
I still think MoneyPot is a great investment. I reinvested right after the ownership officially changed, and my deposit is up ~9%* in a couple of weeks. * Your results may vary. With a house edge, your investment will profit in the long term, but you may experience +/- fluctuations in the short term. |
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elm
Legendary
Offline
Activity: 1050
Merit: 1000
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January 09, 2016, 06:07:19 PM |
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I requested opinions from our members about which is profitable.
Investing in betting sites or betting our self?
are you to lazy to use the search option? this was discussed already and was a nice signature show off party. or do you wanna initiate another signature party? |
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maku
Legendary
Offline
Activity: 1288
Merit: 1000
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January 09, 2016, 06:08:01 PM |
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The best is to create gambling investment yourself. Create Casino, Dice or some good gambling site that will bring you ROI. Other that than I am skeptical in investing in bankroll of some casinos.
I would rather arbitrage trade bitcoin or altcoin than invest in random casino. I don't like to mix entertainment and work as I only gamble my money away in standard way - by being patron of some good casino.
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edmundduke
Legendary
Offline
Activity: 1624
Merit: 1007
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January 09, 2016, 06:27:42 PM |
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I requested opinions from our members about which is profitable.
Investing in betting sites or betting our self?
Investing is profitable, if it wasnt, people would not invest. I have been investing for a while on a few sites (nothing big) but the overall is positive for me. The HE is there for a reason, and that is to make sure that over a longer time the investors stay in profit. Good example is CLAM, it also gives stake rewards so benefits of staking and investing. |
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Dannie
Legendary
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Activity: 910
Merit: 1000
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January 09, 2016, 11:43:32 PM |
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The best is to create gambling investment yourself. Create Casino, Dice or some good gambling site that will bring you ROI. Other that than I am skeptical in investing in bankroll of some casinos.
Creating a good gambling site is never a easy task. It takes a lot of time and money to code, promote and maintain your site before you can build a stable customer base. Finding a site already in that stage and investing in it is very simple on the other hand and a lot more feasible. |
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takingthis4
Sr. Member
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Activity: 504
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
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January 09, 2016, 11:47:05 PM |
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it is actually profitable to invest but there is a small risk that the game might turn to a scam and lose all the money you invest into it, just invest what you can afford to loose and thats it
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socks435
Legendary
Offline
Activity: 2016
Merit: 1030
Privacy is always important
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January 09, 2016, 11:48:43 PM |
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Its not profitable for me and it will take it risk or it will end in to scam..
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Solving blocks can't be solved without my rigs.
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2legit2
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January 10, 2016, 12:18:33 AM |
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it is possible to invest into some of the dice gambling games such as just-dice, in my opinion its better not to invest because it will not make a lot of money, but its your choice
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michinzx
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January 10, 2016, 12:20:05 AM |
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of course it's profitable, casinos are businesses designed to make money, and investing in a casino lets you in on some of the profit. sure, there might be some risk with lucky winners, but in general, you will profit with the house edge advantage without having to do anything.
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DarkStar_
Legendary
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Activity: 2758
Merit: 3282
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January 10, 2016, 12:24:46 AM |
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Both are risky but investing is less risky in my opinion. A whale could come and get lucky, which makes you lose your entire investment, but they could get unlucky and you will make a small profit.
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taking a break - expect delayed responses
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Falconer
Legendary
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Activity: 2506
Merit: 1124
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January 10, 2016, 01:38:33 AM |
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Both are risky but investing is less risky in my opinion. A whale could come and get lucky, which makes you lose your entire investment, but they could get unlucky and you will make a small profit.
There is no way that you could all your investment if whale gets lucky. All gambling sites have maximum profit that someone can win so even if someone keep on getting lucky , at most you will lose a lot percentage but not everything besides that you are going to win in long term since it has house edge |
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fullypak
Legendary
Offline
Activity: 1456
Merit: 1005
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January 10, 2016, 01:43:04 AM |
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Both are risky but investing is less risky in my opinion. A whale could come and get lucky, which makes you lose your entire investment, but they could get unlucky and you will make a small profit.
But if you diversify you're investment than you can reduce you're loses in case of any scam happened. Investing you got more chances of making money from gambling but it takes lot of time. So you need to find few good sites to diversify you're investment. In gambling you will get entertainment but winning chances are quite less. |
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Shogen
Legendary
Offline
Activity: 966
Merit: 1001
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January 10, 2016, 01:47:42 AM |
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Investing in the bankroll has a positive EV, but you will need to keep your bitcoin there for extended period of time, which in turns gives you a counterparty risk. In short, it is profitable to invest in bankroll if and only if you trust the site and admin.
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futurebit640
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January 10, 2016, 01:50:12 AM |
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Both are risky but investing is less risky in my opinion. A whale could come and get lucky, which makes you lose your entire investment, but they could get unlucky and you will make a small profit.
There is no way that you could all your investment if whale gets lucky. All gambling sites have maximum profit that someone can win so even if someone keep on getting lucky , at most you will lose a lot percentage but not everything besides that you are going to win in long term since it has house edge That is true. If invest in good gambling site we can surely make some good money over the time but can't make money instantly like gambling. The most difficult part here is finding a good sites to invest and well reputed sites don't accept investments. I think investing is better than gambling. |
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coinplus
Legendary
Offline
Activity: 1386
Merit: 1058
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January 10, 2016, 07:58:10 AM |
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I requested opinions from our members about which is profitable.
Investing in betting sites or betting our self?
well, investing is much better than playing yourself. But choosing the right site to invest is rather more important, I have seen sites going scam once they have good amount of invested amount. So, better be careful. |
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BTCevo
Legendary
Offline
Activity: 1834
Merit: 1008
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January 10, 2016, 08:30:11 AM |
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Boh has risk but I think you got a higher chance of getting a profit if you invest in them. If you are planning to find a really good and popular gambling site tho. I have hear moneypot is a good investment before bu now that it is under new manangement I don't know if it is still good to invest on them.
I still think MoneyPot is a great investment. I reinvested right after the ownership officially changed, and my deposit is up ~9%* in a couple of weeks. * Your results may vary. With a house edge, your investment will profit in the long term, but you may experience +/- fluctuations in the short term. It still depends on your investment. If you invest more may be you can get more in couple of weeks but if you only make a low investment I dont think you can get that much. And this is depends on a big whale too. If many big whale drop I think you will get a bigger bonus too |
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raaajlucky
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January 10, 2016, 09:45:49 AM |
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I think if we properly diversify our investments than investing is much better than gambling.
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