Is it profitable to invest in betting sites?

[smho_16]

I would say 'yes', but which is low now

[klf]

I will say well established sites which are going well don't usually need investors.This is available on newly introduced sites which need more capital to have on its back to extend its offer and operations.

If sites are not very will trusted than it is not a good to invest on them because more risks of losing your capital. The big challenge is finding a good site to invest. Worst case just hold one your coins, over the time price will appreciate to make profit.

[adaseb]

It is, if they don't run with your funds or if your account is not hacked.

Of course the actual return is variable and may not cover the inflation, depending of where you live

Thats only true if its a new site but most of the old ones won't rob you . BUt if there isnt enough capital what will happen is you will end up being cleaned out by a large whale.

[damiano]

While there are risks with gambling investments they can be worthwhile if you take a risk and get in on a new site and they become successful. All in all though I would not invest in any of them anymore as the ones that are trusted will just not give the return you want for risk.

The reference is a bit misleading to be honest as that guy has had in excess of 5k Bitcoins invested in his site and he is still around under another name.Why did you link that profile when he has never scammed anyone?

As I said before, it's okay invest in gambling site , it's profitable okay. I just concern about how worth investing in casino. And I think it's not worth , dissent is okay right?
I am sorry if it was make misleading, BAC would not put that neutral trust without reason, but I would not judge dean too.

I did say it was not worth investing in gambling sites as well. Of course it is ok if that is what someone wants to do then good luck to them its their money they're risking. No need to be sorry it is not me you referenced in the same post as casinos that disappeared/scam. I could not really care less pal except it is misleading "at present" as he has not done neither yet (by the looks of it something happened though x2).

No he would not leave a neutral without reason and I never said he did, ""he is trusted for a reason" the reason given was clear for everyone to read and be warned by. Lets just hope that your post does not turn to be a correct reference in future.

[strayanbit]

It is, if they don't run with your funds or if your account is not hacked.

Of course the actual return is variable and may not cover the inflation, depending of where you live

Thats only true if its a new site but most of the old ones won't rob you . BUt if there isnt enough capital what will happen is you will end up being cleaned out by a large whale.

Yeah in that link i posted above it shows the current volume and EV of some of the major casinos.

[cazkooo]

It is, if they don't run with your funds or if your account is not hacked.

Of course the actual return is variable and may not cover the inflation, depending of where you live

The actual return is variable but on average it will almost be the same as the house edge. If the site has house edge of 1% then the average return will be 1% as well of the wagered  btc. You need to put in more into the bankroll if you wish to cover the inflation rate of your country. If you just put few dollars in there then it is not really worth it

[Anmol_Verma]

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

investing in betting site is better as it is less risky and you not gamble away your money by this way.betting yourself is risky though and more profitable if you win.

[BTCevo]

It is, if they don't run with your funds or if your account is not hacked.

Of course the actual return is variable and may not cover the inflation, depending of where you live

I dont really think that they will run with our funds. Because before we put our investment we will make sure everything is good so for hacked or site run away that is not a problem anymore unless people are stupid enough to put on scammed site. But there is so many recommendation out there for good investment site. Of course high investment will give you high profit too depends on your balance too

[mrcashking]

It is, if they don't run with your funds or if your account is not hacked.

Of course the actual return is variable and may not cover the inflation, depending of where you live

The actual return is variable but on average it will almost be the same as the house edge. If the site has house edge of 1% then the average return will be 1% as well of the wagered  btc. You need to put in more into the bankroll if you wish to cover the inflation rate of your country. If you just put few dollars in there then it is not really worth it

The one percent profit is then divided among the share holders depending on the amount they hold in the wallet.It will be far more than 1% if you invest more than 20% of the wallet funds.It will be a lot profitable then.

[Altynbekova]

I've always wondered this. Because there are so many scam.
Can someone share their experience with a gambling site investment?
How do you monitor you earnings for example?

Do they give it to you or can you see stats?

[jt byte]

Offcourse it is. With more budget they can do more marketing.
More marketing will bring more customers.

More customers is more profit and so you get your investment back (if all goes well offcourse).

[Astargath]

1% per a month is a lot more than most banks!

I have invested in a few different sites for some months. From my personal experience, the average return is a lot better than 1% a month. But I don't think it should be compared with the bank deposit rate, as the degree of risk is very much different.

can i know what is all the gambling sites u invest in? may be interested to divert my investment too.

Currently I have invested some bitcoin in Safedice and Just-dice, and I have previously invested in Moneypot, PRC and Bitdice.

Interesting, 1% profit monthly each site? If you invested 100 btc each site you get 1+1 = 2 bitcoin every month.
The question is, is it worth invested 100 bitcoin to get 1 bitcoin monthly? Hmmmm . is it profitable? Yes it is profitable. But I think risking too much money by invest on risk thing like gambling company is not good idea.

What's your point? You want investments risk free? They do NOT exist, investments always have risk, this is a controlled risk, you know you have +EV so you know you are going to get profit eventually and you are not really risking all your money, It would be hard, close to impossible to lose 100 bitcoins if you invested them in a casino.

My point : investing in casino are profitable, but the risk is not worth.

I know there's no free-risk investment. But investing in casino / any other gambling site are not worth I think. They could be in trouble when the casino decide to disappeared/scam.

Reference :
https://bitcointalk.org/index.php?action=trust;u=97219

That makes no sense, what do you mean it's not worth? This is basically a guaranteed investment, you have more chances to get profit than not, how is that not worth? I would say it's actually extremely worth it as long as you are investing into trusted and well established casinos.

[Buziss]

My point : investing in casino are profitable, but the risk is not worth.

I know there's no free-risk investment. But investing in casino / any other gambling site are not worth I think. They could be in trouble when the casino decide to disappeared/scam.

Reference :
https://bitcointalk.org/index.php?action=trust;u=97219

That makes no sense, what do you mean it's not worth? This is basically a guaranteed investment, you have more chances to get profit than not, how is that not worth? I would say it's actually extremely worth it as long as you are investing into trusted and well established casinos.

He is talking about the risk of getting scammed by the site. I have no idea about the incident between BAC and PRC but in general that risk always exists. It is a lot higher if you invest in a new site, and it is a lot lower (but still nonzero) if you invest in an old site. Everyone has a different risk appetite, so it is normal to have someone happily taking the risk for some profit while for someone to stay away from it.

[oser41eric]

1% per a month is a lot more than most banks!

I have invested in a few different sites for some months. From my personal experience, the average return is a lot better than 1% a month. But I don't think it should be compared with the bank deposit rate, as the degree of risk is very much different.

can i know what is all the gambling sites u invest in? may be interested to divert my investment too.

Currently I have invested some bitcoin in Safedice and Just-dice, and I have previously invested in Moneypot, PRC and Bitdice.

Interesting, 1% profit monthly each site? If you invested 100 btc each site you get 1+1 = 2 bitcoin every month.
The question is, is it worth invested 100 bitcoin to get 1 bitcoin monthly? Hmmmm . is it profitable? Yes it is profitable. But I think risking too much money by invest on risk thing like gambling company is not good idea.

What's your point? You want investments risk free? They do NOT exist, investments always have risk, this is a controlled risk, you know you have +EV so you know you are going to get profit eventually and you are not really risking all your money, It would be hard, close to impossible to lose 100 bitcoins if you invested them in a casino.

My point : investing in casino are profitable, but the risk is not worth.

I know there's no free-risk investment. But investing in casino / any other gambling site are not worth I think. They could be in trouble when the casino decide to disappeared/scam.

Reference :
https://bitcointalk.org/index.php?action=trust;u=97219

That makes no sense, what do you mean it's not worth? This is basically a guaranteed investment, you have more chances to get profit than not, how is that not worth? I would say it's actually extremely worth it as long as you are investing into trusted and well established casinos.

Then that is your opinion as the other is his personal preference and opinion, I am with him it is not worth investing in casino's now. For what you get in return for risking so many btc's it is not worth it [to me]. Yeh you make some profit but that is peanuts to what you can lose. To add there is never a guaranteed profit or even basically guaranteed profit. Thought clicking that link I was going to find a casino that had done a runner and scammed seems I was wrong.

[Supercrypt]

It is good to invest in sites but if your bankroll is big and you have patience. If you have 0.05 or such, do not even think of such, at least do not expect double of it in 5 days. It is slow but stable !

[Shogen]

It is good to invest in sites but if your bankroll is big and you have patience. If you have 0.05 or such, do not even think of such, at least do not expect double of it in 5 days. It is slow but stable !

Your return on investment is proportional to your investment size (and your Kelly setting if applicable). As a result, the time for a 0.05 btc investment to be doubled is roughly the same as the time for a 5 btc investment. I don't see any particular reason to suggest people only to make a big investment but not small investment.

[hua_hui]

It is good to invest in sites but if your bankroll is big and you have patience. If you have 0.05 or such, do not even think of such, at least do not expect double of it in 5 days. It is slow but stable !

Your return on investment is proportional to your investment size (and your Kelly setting if applicable). As a result, the time for a 0.05 btc investment to be doubled is roughly the same as the time for a 5 btc investment. I don't see any particular reason to suggest people only to make a big investment but not small investment.

yah. it is proportional, so it does not matter how much u invest, u wan more profit, u got to invest more. so far, i got like 15% in 1.5months. however, there can be times the profit drop a lot due to whale gamblers taking a huge winnings.

[Falconer]

I don't see any particular reason to suggest people only to make a big investment but not small investment.

Assuming that the kelly is set to 1x automatically then it is pointless to make small investment. Yearly apr investment in gambling sites will only get you 50% maximum imo so if you put in 0.05 to get 0.p25 after 1 year then it is pointless. You could get more by playing with the btc price swing in a year

[Shogen]

I don't see any particular reason to suggest people only to make a big investment but not small investment.

Assuming that the kelly is set to 1x automatically then it is pointless to make small investment. Yearly apr investment in gambling sites will only get you 50% maximum imo so if you put in 0.05 to get 0.p25 after 1 year then it is pointless. You could get more by playing with the btc price swing in a year

But it is still a 50% profit. Say for example, if you think that a potential 50% APR return is not good enough and prefer to gamble in dice yourself or day trade or make sports bets or make whatever investment with your 0.05 btc, shouldn't you make the same decision if you have 5 btc?

[Mars110]

It is good to invest in sites but if your bankroll is big and you have patience. If you have 0.05 or such, do not even think of such, at least do not expect double of it in 5 days. It is slow but stable !

Your return on investment is proportional to your investment size (and your Kelly setting if applicable). As a result, the time for a 0.05 btc investment to be doubled is roughly the same as the time for a 5 btc investment. I don't see any particular reason to suggest people only to make a big investment but not small investment.

yah. it is proportional, so it does not matter how much u invest, u wan more profit, u got to invest more. so far, i got like 15% in 1.5months. however, there can be times the profit drop a lot due to whale gamblers taking a huge winnings.

I agree with your thoughts. Investment in gambling sites have a very small profit.

Because in the gambling sites profit site is divided by all the investment. And sharing of results is also very low.
Better invest in the form of the exchanger, therefore more profitable and rarely a loser (if you know the market).
Bitcoin has value that is uncertain and it could be exploited to invest. Buy when the price is low and  sell  when high prices