Is it profitable to invest in betting sites?

[Duomo]

You should be familiar with what you are investing in and understand the inherent risks beforehand. If you are trying to invest in gambling sites rather then gamble, you will definitely be safer since it is unpredictable if you will even have money left over with gambling. With investing your money, at least you have a certain amount you can assume will have a decent but not guaranteed rate of return.   

[hua_hui]

You should be familiar with what you are investing in and understand the inherent risks beforehand. If you are trying to invest in gambling sites rather then gamble, you will definitely be safer since it is unpredictable if you will even have money left over with gambling. With investing your money, at least you have a certain amount you can assume will have a decent but not guaranteed rate of return.   

well, we all should know not to gamble cause it is always fighting the lossing battle of house edge. however, when u invest, the house edge become on your side. so you tend to win more and that is why i feel invest is a good choice for rep site.

[spiritual3]

After seeing all the above opinions ..I invested some funds in moneypot. It is just to check .. i request the members.. if there is any good sites to invest..

[Tavos]

Investing is probably the better option, though both are risky. Depends on if you want longer term profit or short term,

[Pony789]

After seeing all the above opinions ..I invested some funds in moneypot. It is just to check .. i request the members.. if there is any good sites to invest..

As mentioned by some posts already, trustworthiness is the most important factor in choosing a site to invest. In this regard, other than Moneypot, there are a few other good sites, like Just-dice, Betking and Bitdice.

[michinzx]

You should be familiar with what you are investing in and understand the inherent risks beforehand. If you are trying to invest in gambling sites rather then gamble, you will definitely be safer since it is unpredictable if you will even have money left over with gambling. With investing your money, at least you have a certain amount you can assume will have a decent but not guaranteed rate of return.   

well, we all should know not to gamble cause it is always fighting the lossing battle of house edge. however, when u invest, the house edge become on your side. so you tend to win more and that is why i feel invest is a good choice for rep site.

its less risky in terms of  expected profit, but you should keep in mind that you are giving the casino owner control of your bitcoins if you invest, you need to know your coins are safe with the owner before deciding to stake your money there, which is a separate risk itself.

[Supercrypt]

Which casinos can you invest in their stake?
Wouldn't stock in the casino be a better idea?

Like Betking, SafeDice, Just-Dice,MoneyPot Etc, they are existing long time and have a good reputation of paying out, just as hua-hui mentioned, being popular and having good reputation. You could try with little money first. When you feel comfortable, you could invest more.

Yes but you should always be very sure that the site in which you are going to invest is a legit and trusted site.
I have seen sites which had a lot of reputation yet they scammed. You may get attracted with the profit but at the same time keep checking at the site, be safe only with the best sites.

[debuni]

In a long-run it is. House edge is a house edge and always win.
But in short-run even casino/dice bankroll can suffer from players winning. Another risk is site to be "hacked" (owner to gone with players/investors money).

[neochiny]

I requested opinions from our members about which is profitable.
Investing in betting sites or betting our self?

In my opinion and experience.
It is best to invest on betting sites.
But in investing it should be long term.
I tried short term and lose a little. but
compare on betting against the house edge.
It is better. but you need to choose a legit site.

[Erza]

I requested opinions from our members about which is profitable.
Investing in betting sites or betting our self?

In my opinion and experience.
It is best to invest on betting sites.
But in investing it should be long term.
I tried short term and lose a little. but
compare on betting against the house edge.
It is better. but you need to choose a legit site.

Yeah investing on betting site, you will get some profit in a long term but it really depends on your funds to when you will get huge profit or not. there are so many legit site that have opened investment. The problem is which one will you choose to place one bet most of your money or  by putting some small amount of money in each site

[mtnsaa]

I've always wondered this myself. When I had some XMR I invested in their dice site for a week just to see how it works. Short term is very variable and you could lose money, plenty of it too. So the only option is long term, the problem here is that like many of you mentioned your money is exposed and this is Bitcoin land, a site is legit until it isn't. I would only try MoneyPot but no BTC site is immune to "hacks" or "ddos attacks"...

[WEBcreator]

Yeah investing on betting site, you will get some profit in a long term but it really depends on your funds to when you will get huge profit or not.

It doesnt matter if you have a huge invesment or not because you will get profit or even lose your invesment according to the percentage that you invest in. If you suppport 1% investment bankroll then you will get either 1% profit or 1% lose so it depends on the bankroll itself

[spiritual3]

I've always wondered this myself. When I had some XMR I invested in their dice site for a week just to see how it works. Short term is very variable and you could lose money, plenty of it too. So the only option is long term, the problem here is that like many of you mentioned your money is exposed and this is Bitcoin land, a site is legit until it isn't. I would only try MoneyPot but no BTC site is immune to "hacks" or "ddos attacks"...

Yes. I too suggest moneypot. I invested little money also to check the process. If it gives good result, i am going to invest little more..

[davinchi]

Investing is probably the better option, though both are risky. Depends on if you want longer term profit or short term,

Yes both are risky but gambling is rather too much risky. Basically with investing you are playing against users and I never seen a site going in loss, so how can a investor go in loss ? Yeah , maybe slow or less but there are little assurance for some profits.

[klf]

Investing is probably the better option, though both are risky. Depends on if you want longer term profit or short term,

Yes both are risky but gambling is rather too much risky. Basically with investing you are playing against users and I never seen a site going in loss, so how can a investor go in loss ? Yeah , maybe slow or less but there are little assurance for some profits.

Another risk could be site may scam people so one should find more reliable sites to invest. Finding good sites is a challenging in investing otherwise it is more safer than gambling. In gambling mostly all of us will lose if we gambler for long time.

[Ceizer54]

I requested opinions from our members about which is profitable.
Investing in betting sites or betting our self?

Hmm,
Profitable:Betting/gambling yourself
Less risky:Investing
Now it depends on you what you want to do.Investing is obviously less risky but less profit too and betting yourself have more profit with more risky.I would say,you can lose money both ways so why not take a risk to gamble in hope of getting good profit?

[defaultking]

Another thing which is risky is that a government could shut them down if they're operating illegally in a country which would be an unforseen event. With that said thanks for sharing moneypot. I made a similar topic a few weeks ago and don't think anyone mentioned the site. So, far it's been easy to create an account and invest a small amount of bits in!

[piebeyb]

I just think to invest should the trading site, but to invest in the betting site I think it would have little benefit and risk are great

[marioantonini]

can is more profitable, but in long time and with bitcoin gambling long time not is the maximum, because more site can close and scam alla investor (i remember 2-3 famous dice close).
Generally, i invest to 5 different dice site, if 1 close, i don't lose all my money

[Nimbulan]

I just think to invest should the trading site, but to invest in the betting site I think it would have little benefit and risk are great

the risks are great if you invest into hyip ponzis that say that they are trading websites and usually scam people, i would definitely avoid it at any costs