Is it profitable to invest in betting sites?

[GannickusX]

I think investing in a casino will be more profitable than gambling yourself.
Make sure you do your research before investing into anything.

You don't have to think, it's the truth, numbers don't lie, when you invest you have good odds so in the long term you will be winning, gambling yourself is obviously a worse choice.

[WEBcreator]

if someday user gets lucky you can even loose your money and its not just a win-win case all the time.

Average return of investment in a gambling sites is always the same or almost the same with the house edge so it doesnt matter if a user or two gets lucky with the site since the other player will lose as well. Combined to that who lost and those who win there will be always more loser then a winner in a gambling site

[-Tx-Rider]

I've actually never really made a thought about this subject. Surely, you could make your money back with profit investing in major betting sites - but wouldn't that require huge funds? I don't think I've ever seen a betting site have stocks. Maybe you should find some kind of studies/report on the betting world, especially about online betting, and see if it is profitable to invest in.

[MTBTT]

I've never tried investing in many gambling sites, but never, I once investment in moneypot, within 2 days of my balance has not increased, then I unplug

[phreaky]

I've actually never really made a thought about this subject. Surely, you could make your money back with profit investing in major betting sites - but wouldn't that require huge funds? I don't think I've ever seen a betting site have stocks. Maybe you should find some kind of studies/report on the betting world, especially about online betting, and see if it is profitable to invest in.

I haven't heard about it honestly. Which makes it either very shady or it could be a good investment opportunity.
Since it deals with online betting sites, which are in general quite shady, i would go for the latter.

[WEBcreator]

I've never tried investing in many gambling sites, but never, I once investment in moneypot, within 2 days of my balance has not increased, then I unplug

Moneypot has quite a decent of wagered volume there, before and after the transition to the new owner so there is no way that you have not got any increase or decrease to your investment. The only possible reason is that you are only putting a small amount like 0.01 % so you didnt notice much increase in your investment

[Sinecoin]

I've never tried investing in many gambling sites, but never, I once investment in moneypot, within 2 days of my balance has not increased, then I unplug

Moneypot has quite a decent of wagered volume there, before and after the transition to the new owner so there is no way that you have not got any increase or decrease to your investment. The only possible reason is that you are only putting a small amount like 0.01 % so you didnt notice much increase in your investment

does anyone know who is the new owner of moneypot and how much is was sold for?

[klf]

I've never tried investing in many gambling sites, but never, I once investment in moneypot, within 2 days of my balance has not increased, then I unplug

In any good investment programs you will not see any increase in your profits within two days time because they are real business and real business need a time to grow. Unless if you invest in hyip programs they will give fast profits and also very fastly they will close there site also. So you should have a patience to grow your real investments.

[diodio5]

I think investing in a casino will be more profitable than gambling yourself.
Make sure you do your research before investing into anything.

investment in gambling such as investment in altcoin, where the value of our bitcoin or balance can be reduced, and I think you should invest in a large gambling sites or sites that are popular, it will accelerate your profits

[shulio]

In any good investment programs you will not see any increase in your profits within two days time

Investment in a gambling site is very different than any other investment. You could get alot within two days if there are alot of loser within that or even lose alot if there are some lucky winners on the site so it totally depends on the variance but in long term people always get money by investing in a gambling site

[raaajlucky]

In any good investment programs you will not see any increase in your profits within two days time

Investment in a gambling site is very different than any other investment. You could get alot within two days if there are alot of loser within that or even lose alot if there are some lucky winners on the site so it totally depends on the variance but in long term people always get money by investing in a gambling site

I don't think so because investors profit portion will be quite less compared to site profit so we need more time.

[auswalk]

Factors:

1. Trust in the site and how well it's run.
2. The investment terms - i.e what % of the profits do you get. I find it's around 50%, rest goes to the house and they don't eat any loses.

So a low volume site you could win just as easily as you could lose, but your reward % is much greater as is your potential loss %. A high volume site you should see steady profits, low variance.

[phreaky]

You can indeed invest there, because you obviously want to win the grand prize. But there is a big risk in fact.
If you lose you will lose all your money and you also want to have. So maybe it makes sense if you have a portion of your money just bet.

[cjmoles]

I've never tried investing in many gambling sites, but never, I once investment in moneypot, within 2 days of my balance has not increased, then I unplug

Moneypot has quite a decent of wagered volume there, before and after the transition to the new owner so there is no way that you have not got any increase or decrease to your investment. The only possible reason is that you are only putting a small amount like 0.01 % so you didnt notice much increase in your investment

does anyone know who is the new owner of moneypot and how much is was sold for?

Dunno...But, they just took a big hit today which is one of the risks.  Investors lost around 30% of their investment.  It happens....some whale came in and started betting all maniac on the plinko site and had a huge payday a few hours ago.  So, house doesn't ALWAYS win.  In the the long run they'll win but it's really not a short term investment opportunity.  You have to go long if you want to invest and make real profit on a gambling site.

[GannickusX]

I've never tried investing in many gambling sites, but never, I once investment in moneypot, within 2 days of my balance has not increased, then I unplug

Moneypot has quite a decent of wagered volume there, before and after the transition to the new owner so there is no way that you have not got any increase or decrease to your investment. The only possible reason is that you are only putting a small amount like 0.01 % so you didnt notice much increase in your investment

does anyone know who is the new owner of moneypot and how much is was sold for?

Dunno...But, they just took a big hit today which is one of the risks.  Investors lost around 30% of their investment.  It happens....some whale came in and started betting all maniac on the plinko site and had a huge payday a few hours ago.  So, house doesn't ALWAYS win.  In the the long run they'll win but it's really not a short term investment opportunity.  You have to go long if you want to invest and make real profit on a gambling site.

The biggest downside with bitcoins and bitcoin casinos is that 99% of the times you don't have any security, any Indian kid can make a bitcoin casino, not regulated by anything and run away whenever he wants and 99.9% of the bitcoin casinos are that way

[iqlimasyadiqa]

You can indeed invest there, because you obviously want to win the grand prize. But there is a big risk in fact.
If you lose you will lose all your money and you also want to have. So maybe it makes sense if you have a portion of your money just bet.

because the person who decided to play with gambling is he who has understood the terms, the results and the risks of this game. if we are people who are not sure, I recommend not to play it.

[EngiNerd]

I've never tried investing in many gambling sites, but never, I once investment in moneypot, within 2 days of my balance has not increased, then I unplug

Moneypot has quite a decent of wagered volume there, before and after the transition to the new owner so there is no way that you have not got any increase or decrease to your investment. The only possible reason is that you are only putting a small amount like 0.01 % so you didnt notice much increase in your investment

does anyone know who is the new owner of moneypot and how much is was sold for?

Dunno...But, they just took a big hit today which is one of the risks.  Investors lost around 30% of their investment.  It happens....some whale came in and started betting all maniac on the plinko site and had a huge payday a few hours ago.  So, house doesn't ALWAYS win.  In the the long run they'll win but it's really not a short term investment opportunity.  You have to go long if you want to invest and make real profit on a gambling site.

Yup, I went from +12% to -17% on MoneyPot. There's a thread about it here: https://bitcointalk.org/index.php?topic=1345170.msg13715571

Variance can be a bitch 

[Chemistry1988]

does anyone know who is the new owner of moneypot and how much is was sold for?

You can take a look at https://bitcointalk.org/index.php?topic=1274857.msg13141221#msg13141221 to check the new owners (a team of 6 persons) of moneypot. The bidding price has never been disclosed AFAIK.

[BruceLee007]

both are pretty risky, if you have bad luck then invest, if you have goodd  luck then go bet yourself

[pinoycash]

Yes, Its much more profitable since your investing on the casino house, and the house always wins