Should I invest in bitcoin casinos?

[Erza]

I have $3000 USD to invest, is it worth it?

What sort of returns should I expect

I think that you should not invest all of your money in to it but if you have more money then it would not hurt to invest in to Bitcoin. So you could try it I am sure that you will make some money.

it is true, it is a lot of money. I think it's better you do not invest all the money you have in a casino site, you may also have to invest it elsewhere, and partly you use to trade, because maybe you'd better use it a little to trade

i agree. making a new casino site can be more profitable for you if you know how to do it or if you have the time to gathere a good team to do that for you.

but it is not possible usually for a lot of us. so i think it is a better idea to invest it instead if you don't have the time.

That is possible thing to do but you really need a lot of fund to open just one casino and you really need a good promotion on that. More people means more income too. But most of us dont have enough courage to open it because of the fund and if you dont manage well you will bankrupt. It is easy to see people manage that kind of thing but when you do it by yourselves it will be so hard

[1715175568]

1715175568

[Genji]

Putting money in casinos is not really investing, but gambling. And gambling usually involves a total dependence on luck; a real investment would need to offer you some guarantees or realistic possibilities to increase your capital based on your own decisions, but this is not the case with casinos.

There is actually a certain guarantee to get profit in the long run while investing in a dice site with a house edge greater than 0%. While it's true there's a great risk it still has positive EV for the investor.

No, because 1. Most sites has costs. It´s not enough for the site to have edge, it needs to be higher than the costs. 2. The site need trafic to make a profit. 3. How do you make sure it´s not a scam? 4. You didn´t mention the price the investor is paying.

Far from all casino investments has positive EV for the investor.

What costs are you referring to? The sites I am familiar with (BitDice and BetKing) certainly do make investing +EV. The fee taken for upkeep etc. is not greater than 50% of the house edge, which would still make it +EV for investors. Could you point me to one site where the costs would make investing -EV? I am quite sure one doesn't exist unless it's some site nobody has heard about or would even consider investing in.

EDIT:
As an example BitDice takes 20% of the house edge and rest of this goes to the investors. Which means it is +EV.

At BetKing the house takes 0.25% from every bet and after each week 25% will be deducted from invest earnings. So if your investment makes a loss, no additional fees will be taken but if you profit, 25% of that will be taken. Even this doesn't make investing -EV.

[WaffleMaster]

Well when the site it new and doesn't have much gamblers it needs a higher house edge. When it becomes bigger and more popular it can have a lower house edge to make up all the costs.

New sites are a 100% no go ever. But even medium casino's can be risky. I would only invest if the house edge is profitable for me and if there was no other investment (stocks, altcoin etc.).
Gambling itself is something which I don't like. Not for fun, not for investments

According to other gamblers that already experienced investing in casino they are making a profit because we already know house is always win..
So i think its profitable if you invest but depends what casino you choose..

What casino you choose is a big factor in how much profit you can make and in what time. I would be interested to do some math on ROI investing in Casino's rather than buying mining hosting like on Hashnest or something.

[Novalok]

I did, I invested in the new letitride site. What casino sites are you guys investing in.

[Hatuferu]

I did, I invested in the new letitride site. What casino sites are you guys investing in.

Wow that was a great investment, but unfortunately I was not able to ride that one because they required a huge minimum investment. I just invest in different casino where the minimum investment is just less.

[Iceborn]

I am not sure if you think that you can make some money with it and you see potential in this Bitcoin casino then you could invest in it. Take it slow first and start of with a low amount of money to feel it out a bit.

[mirakal]

I am not sure if you think that you can make some money with it and you see potential in this Bitcoin casino then you could invest in it. Take it slow first and start of with a low amount of money to feel it out a bit.

It's true, when investing, you need to start slow for you to learn. That also would give you a good insights on how to manage your investment as you will learn it from experience. Although bitcoin casinos are profitable to invest with but you need to be careful and study the risk as there is no guaranteed money in investing in it, you need to take the risk.

[Mvaporis1961]

I have $3000 USD to invest, is it worth it?

What sort of returns should I expect

Invest it on bitcoins buy at least 2 bitcoin and then keep it for the incoming bitcoin halving event to earn more money, investing in bitcoin has a lot of potential of getting results than putting it on bitcoin casinos.

[Capradina]

yes i think you should invest in bitcoin casinos becuase its time to make money, you will never get such chance agaion.

I think investing has its advantages and risks so quickly anyway. because the system of Casino proceeds from obtained by the owner of the Casino, so if the owner of the Casino losses you get no advantage and vice versa. Invest in the Casino can only be done in the short term, so if you want to invest in the casino then you also have the investments for the long term

[abugseuf]

it up to you. if you want to invest and you are sure that you will not lose your all investment then you should invest in bitcoin casinos.

[Maesters1-]

I am not sure if you think that you can make some money with it and you see potential in this Bitcoin casino then you could invest in it. Take it slow first and start of with a low amount of money to feel it out a bit.

if you are a lucky perosn and can win any game then you should invest in bitcoin casinos.

[mirakal]

I am not sure if you think that you can make some money with it and you see potential in this Bitcoin casino then you could invest in it. Take it slow first and start of with a low amount of money to feel it out a bit.

if you are a lucky perosn and can win any game then you should invest in bitcoin casinos.

I think investing in online casino is the last resort for those unlucky person in gambling. Investing would not require luck to be profitable because the house always wins and you are the house so you will collect a guaranteed profit.

[23dzmaz]

I think it's better just play on the gambling games itself than invest on bitcoin casinos. If you want invest, it's better to invest on bitcoin, i mean hold your bitcoin until the halving come.

[Zooplus]

I think it's better just play on the gambling games itself than invest on bitcoin casinos. If you want invest, it's better to invest on bitcoin, i mean hold your bitcoin until the halving come.

That is good but not a better idea, investing in bitcoins will generate you a double profit as you will increase your bitcoins more than just holding it alone.

[Sniper44]

investing in a bitcoin casino in my opinion is a good investment but it surely is not the best investment that you can do with your money.

this kind of investment is risky but has the potential to give you back a pretty good return if you are lucky and do it in long term.

[Maesters1-]

investing in a bitcoin casino in my opinion is a good investment but it surely is not the best investment that you can do with your money.

this kind of investment is risky but has the potential to give you back a pretty good return if you are lucky and do it in long term.

in gambling every king of investment is risky. i think you should be careful while investing in casinos.

[Cresciuanto]

investing in a bitcoin casino in my opinion is a good investment but it surely is not the best investment that you can do with your money.

this kind of investment is risky but has the potential to give you back a pretty good return if you are lucky and do it in long term.

in gambling every king of investment is risky. i think you should be careful while investing in casinos.

i think life is also a risk you should invest in casino without any doubt.

[goldcoinminer]

investing in a bitcoin casino in my opinion is a good investment but it surely is not the best investment that you can do with your money.

this kind of investment is risky but has the potential to give you back a pretty good return if you are lucky and do it in long term.

in gambling every king of investment is risky. i think you should be careful while investing in casinos.

i think life is also a risk you should invest in casino without any doubt.

If you talk about investing, it implies risk. The reason is very simple, you risk your money to make money without an assurance that it will increase you money. That is why the principle on investing is like gambling that you should only use your money that you can afford to lose. For me, online casinos is a good opportunity on investment because casinos are profitable, the only way you will lose is by investing on less trusted online casinos.

[TheBitcoinStrip.com]

You can calculate your potentional investment return using https://thebitcoinstrip.com/blog/investing-in-bitcoin-casinos.html#calculator

[socks435]

You can calculate your potentional investment return using https://thebitcoinstrip.com/blog/investing-in-bitcoin-casinos.html#calculator

Well for me its better to stay away in investment.. in casino because its still risky better to just hold your bitcoins and make a profit while the price of bitcoin is increasing..