Should I invest in bitcoin casinos?

[Hashminers]

Why not investing can earn you some money back. But do not spend to much because you will never now what can happen it can go all wrong. Then you have just lost your money. 

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[thejaytiesto]

Little useful advice here. $3k is nowhere near enough to start a profitable casino website unless you are a great programmer, brilliant at customer service and good at marketing. A combination not many people have.

I used to invest in Just dice. There was a large hiccup but overall it was very profitable. I belive I trippled my investment in a fairly short time scale. Ive not bothered since it moved to clams as I could end up with 10 times more clams and still lose money if the value of clams collapses, but I am still tempted.

I have never tried any of the other investment in gambling sites because I either didn't trust the site would exist 1 year later or there was not enough players or house edge to make the investment in the house bank roll risk worth the potential profit. Put simply if there is a 50% chance any site goes walkies with my bitcoins then I want to be able to make 200% in 12 months or I am not going to risk it!

I would love to know if there are any btc gambling sites that people are currently invested in that are making significant long term profits.

Im on the same boat. Got some spare BTC that I would like to invest instead of having 100% of my BTC sitting on cold storage. i was looking around at casino deals and there seems to be very few casinos that have survived for a long time. PrimeDice is probably the site I trust the most, it has proved over the years that it can survive while delivering a good experience. I remember Stunna is like a lot here because his sig campaign had great rates and ran for a long period, I wish it came back.
Anyway, I can't think of many sites that have survived more than 2 years, which is where I start considering a site to be solid at least in the cryptospace.

[michietn94]

You can invest but just like gambling ( do with your own risk )
In order to make good investing, you need observing the casino detail before do it. Although they did a great promo or wagered on the first glance , doesn't mean they are good place to invest in. Just remember dicebitco.in incident !

[DeathAngel]

If you have money to invest then just put it into bitcoin. Please not to casinos or sportsbooks investment, too many times sites scam & close stealing all investors funds.

[HarryKPeters]

It could be good to invest in bitcoins casino's although you need to keep in mind there are some risks involved with doing this.

1. You will need to find a casino that is trust worthy and will most likely not scam you.
2. Keep in mind that you are taking multiple risks with investing in the bitcoin and also investing with the bitcoin in a casino.
3. Search a good casino that already has users and maybe also some investors so you can now its good and you know there is some profit you can make, a casino need to be popular to gain profit.

[BitcoinBlackjack]

When you say "invest" in a casino, do you mean to open up your own casino or to gamble?
Because gambling is NOT investing. In fact, you will most probably lose your money while gambling. So please be careful!

[AlexM]

When you say "invest" in a casino, do you mean to open up your own casino or to gamble?
Because gambling is NOT investing. In fact, you will most probably lose your money while gambling. So please be careful!

To invest in a casino,  you provide the house btc funds for punters to bet against . Thus you always have the house edge minus a fee (usually 10%). The downside are... many sites get hacked,  or have flaws in the software,  many owners shut site without returning Bitcoins. So to make this profitable you need to invest in a site that makes a lot of profit as more than half of all sites have historically returned 0 to investors.  So if the site doesn't have the potential of making 10+% per month I am not interested.

[VarietyBitcoin]

I invested over 15 Bitcoin on satoshidice.com and they won't help me divest. stay away from them.

[Whosdaddy]

When you say "invest" in a casino, do you mean to open up your own casino or to gamble?
Because gambling is NOT investing. In fact, you will most probably lose your money while gambling. So please be careful!

I'm also having the same doubt.
But I guess with $3000, we can not start a new gambling website. Then you must be planning for investing into gambling house for profit-sharing or planning to gamble with your money as a big bankroll. I believe gambling with big bankroll and small bet amount might be a good idea still it is not recommended.

[Dr.Osh]

I invested over 15 Bitcoin on satoshidice.com and they won't help me divest. stay away from them.

you have to be careful buddy, so many sites that promise huge profits but instead lead to scams. you should seek out information in that regard, and I think this post is perfect for finding information about it. I myself was looking for

[shulio]

I'm also having the same doubt.
But I guess with $3000, we can not start a new gambling website.

$3000 is less than 8 bitcoins and if you are gonna start a common gambling site with 1% house edge that would means the max win would be less than 0.08 btc which definitely will not attract most of the gambler however with 8 bitcoins you could be supporting few percentage of a gambling sites bankroll which means that it is a better option to invest rather than making your own casino

[Superhitech]

I'm also having the same doubt.
But I guess with $3000, we can not start a new gambling website.

$3000 is less than 8 bitcoins and if you are gonna start a common gambling site with 1% house edge that would means the max win would be less than 0.08 btc which definitely will not attract most of the gambler however with 8 bitcoins you could be supporting few percentage of a gambling sites bankroll which means that it is a better option to invest rather than making your own casino

You could start your own gambling site with 8 bitcoins if you use the moneypot API; using moneypot means you can use their bankroll, so you won't have to fund your own bankroll. However, you do have to share your profits with moneypot owners and their investors. It's good for people who don't have a huge capital to start off.

[alisafidel58]

I have invest in bitvest and money pot and so far i mange to gain profit and i only invest 10$ worth of bitcoin just to try how investing in casino works.

[shulio]

I'm also having the same doubt.
But I guess with $3000, we can not start a new gambling website.

$3000 is less than 8 bitcoins and if you are gonna start a common gambling site with 1% house edge that would means the max win would be less than 0.08 btc which definitely will not attract most of the gambler however with 8 bitcoins you could be supporting few percentage of a gambling sites bankroll which means that it is a better option to invest rather than making your own casino

You could start your own gambling site with 8 bitcoins if you use the moneypot API; using moneypot means you can use their bankroll, so you won't have to fund your own bankroll. However, you do have to share your profits with moneypot owners and their investors. It's good for people who don't have a huge capital to start off.

Starting with moneypot has its own limitation, there are some games that cant be implemented by using moneypot's api such as blackjack . With only 8 btc however you wont be able to create a casino that stand out among all those moneypot apps and eve  if your site did stand out, there is no guarantee that there will be many players

[Falconer]

I have invest in bitvest and money pot and so far i mange to gain profit and i only invest 10$ worth of bitcoin just to try how investing in casino works.

Then how much usually you earn from your investment? I am bit interested to invest in some bitcoin casino since it doesnt need much money instead of making the online casino myself.

[puremage111]

well it really depends on ur luck some ppl manange to win during the free deposit

[masterzino]

It's like gambling - invest in casinos only if you can afford to lose this $3000.
Site could bankrupt /less likely/ or rune away /more likely/.

[emberbekas]

Investment in gambling site is gambling too(indirectly). We need a lot people that plays on that site to have bad luck when we investing on gambling  site and vice versa. Investing is a low risk low profit while direct gambling has a high risk high profit. So, investing at gambling site is a method to gain profit from gambling activities with low risk but frankly it will be very long time to collect real money from it unless you investment is very fat.

[Falconer]

Investment in gambling site is gambling too(indirectly). We need a lot people that plays on that site to have bad luck when we investing on gambling  site and vice versa. Investing is a low risk low profit while direct gambling has a high risk high profit. So, investing at gambling site is a method to gain profit from gambling activities with low risk but frankly it will be very long time to collect real money from it unless you investment is very fat.

Then if its safer so it could be a good long term investment. Why so hurry to earn money in high risk if you could earn it with low even very low risk.

[BitcoinSupremo]

You understand the risks and are ready to pick a casino which you trust to invest in. You can start by looking https://thebitcoinstrip.com/ at the list of casinos offering investment by checking the box labeled "Invest option".

Great informative site, I was reading all over the forum for the list of casinos where you can invest your bitcoins and I was only seeing Bitvest, just-dice and Kingbet so thank you for that site. It lists a whole lot more casinos with the invest option, which was I guess the first question of the OP.