Investing in Bitcoin Casinos are really worth it?

[richmcrich]

We all knows that in gambling house has alwasy better chancento win so investing on their bankrolls will be more assured to make profits than playing on the games but the profits will not be much multiplier it will be just actual and okay to invest on it if you want.

I agree that houses are always winning but if it is true then how generous they will be for sharing their revenue. That must be the biggest question to consider investing in bitcoin based casinos will be really profitable or not. I'm not targeting any gambling houses in particular but I'm just talking in general.

Because, there will be only 50% chances for a house to win still we are agreeing that houses is always winning then how we can expect them to be fair for sharing their profits.

[acarli]

Yes hacks are the biggest danger a casino could face.

But most of them are already storing 95% of their funds in cold storages or multisig wallets.

They can easily calculate how much BTC the casino pays to gamblers daily and only keep that much in the hotwallet, the rest can be kept safely in a cold wallet and only recharge the hotwallet when it's needed.

So if a hack happens they can only steal 5%, which is still bad, but better than 100%.

Good insight. In my experience being hacked is a concern, but only at the beginning with untested software. yes, you do go through beta testing, load tolerance etc. Hackers can always find a way. I've found that the could hack our systems, are the ones who are off doing better things than trying to grab small change (at least for them). There have been some successful hackers who have found very interesting and advanced ways to gain the system, but each time we learn. I honestly hope we don't' learn this much this year. lol.

About the hot wallet. Most players take their funds immediately after their sports bets win. We always increase the hot wallet after very large deposits, just to make sure that we are comfortably able to have the player withdraw funds immediately. Cold wallet storage is one of the advantages of BTC as the main currency.

I forgot to add the most important part. Investing in a casino (operators side) is ONLY a good idea if you have access to players. ie. affiliate websites, marketing strategy (PPC, affiliate program etc). Starting off without the knowledge is very difficult, but not impossible.

[Indamuck]

It is a tough business to break into and it will cost a lot of starting capital to make a successful casino.  Just the advertising costs alone will add up really quickly.  You will have to go against sites that have years of trustworthy reputation.

Now if your investing into one of those dice sites that let you back their bankroll, that is a bit risky because you are never in control of your bitcoin and they could exit scam anytime. 

[SirLancelot]

We all knows that in gambling house has alwasy better chancento win so investing on their bankrolls will be more assured to make profits than playing on the games but the profits will not be much multiplier it will be just actual and okay to invest on it if you want.

I agree that houses are always winning but if it is true then how generous they will be for sharing their revenue. That must be the biggest question to consider investing in bitcoin based casinos will be really profitable or not. I'm not targeting any gambling houses in particular but I'm just talking in general.

Because, there will be only 50% chances for a house to win still we are agreeing that houses is always winning then how we can expect them to be fair for sharing their profits.

That must be the right point but still we are having lots of reputed gambling sites and we may go for investing with them to make our money multiplied over the time. I'm not sure those reputed gambling sites also winning all the times but they are able to manage good reputation in this forum then why not just try with them ?  Instead of risking our hard earned money in gambling, it will be much better to try investing with gambling houses to get some decent returns along with securing our initial money.

[JohnBitCo]

It is a tough business to break into and it will cost a lot of starting capital to make a successful casino.  Just the advertising costs alone will add up really quickly.  You will have to go against sites that have years of trustworthy reputation.

Now if your investing into one of those dice sites that let you back their bankroll, that is a bit risky because you are never in control of your bitcoin and they could exit scam anytime. 

Consider that you are a person who have good amount of funds and you are willing to invest them in a business.  Gambling is one of the best business because the profit ratio in gambling casino is much higher than any other business. Also marketing of new gambling site is also not at all difficult as it can be done on social media and here also through signature campaigns etc.

[Tungsten-1]

I think it's better to invest in gambling than to play them, but you need to carefully look where to invest your money in order not to get caught on scammers. So you can get a lot of profit.

You do have a point on saying that. Indeed that it will be easy to earn profit from investing Bitcoin into an online casino rather than playing gambling games on it but, it will just be boring for my opinion earning profit into an online casino without even trying to play on the games with it. It is the purpose of a casino to have let players to play variety of games they wish to try using their money. Also, just to let you experience the feeling being engaged into a game that maybe you will love for a long run. Yes, playing gambling into an online casino is kind of risky rather than investment but risk is always associated into the thing we usually do right? So better seize the moment of having that chance to play into an online casino and see if you are that lucky enough to win the game that you might love to play. Well, I am not that typical gambler who tend to play to earn profit. It is just that I am enjoying playing casino games I love for fun and entertainment because after all, casino is a place to play so be it and do not primarily pressure yourself of earning profit through it. Which I usually do into a online casino that I am currently into which is Vegas casino wherein I enjoy playing variety of games that I love since gambling was really a game to play into an online casino for the sake of enjoyment and fun as well as enjoying their great welcoming bonus right after doing my first deposit on it.

In casino they gamble with different games so it is also a kind of gambling there are so many options gambles get but the true gambler is the one who know winning even online games and in casino as well, gambling with bitcoin in casino is good as it will give you a chance to get bitcoin at the same time it sounds safe to pay with bitcoin than paying cash.

[cryptjh]

Casinos and sports betting are great places to start a business, but other people also have that idea, so you will have to compete with many other casinos, getting new customers into your casino and finding a profitable way to keep them loyal to you casino are not that easy either.

[emberbekas]

It been quite some time since I have been away from Bitcoin and cryptocurrencies, but seeing Bitcoin's price rise and the recent trends going about the block chain, it seems that soon we'll be seeing BTC becoming used as a mainstream currency by all major corporations, businesses (and even governments perhaps).

Now I've became interested into Bitcoin casino investing, but I want to know if it is worth a shot. I know that there is a risk in every investment, but I think this could be the most profitable way to go.

If anyone could share some tips or advice regarding this, I would greatly appreciate it.  

Investing our bitcoin into a casino bankroll will be a good thing to do, but we must know that we are doing two types of investments in this case. Holding bitcoin for a certain period of time is an investment and risking our bitcoin at a bankroll of a casino is also a type of investment. If both go according to our expectations, surely we will get a good double profit.

[noormcs5]

It been quite some time since I have been away from Bitcoin and cryptocurrencies, but seeing Bitcoin's price rise and the recent trends going about the block chain, it seems that soon we'll be seeing BTC becoming used as a mainstream currency by all major corporations, businesses (and even governments perhaps).

Now I've became interested into Bitcoin casino investing, but I want to know if it is worth a shot. I know that there is a risk in every investment, but I think this could be the most profitable way to go.

If anyone could share some tips or advice regarding this, I would greatly appreciate it.  

Investing our bitcoin into a casino bankroll will be a good thing to do, but we must know that we are doing two types of investments in this case. Holding bitcoin for a certain period of time is an investment and risking our bitcoin at a bankroll of a casino is also a type of investment. If both go according to our expectations, surely we will get a good double profit.

The idea of Investing in Bitcoin Casinos is a good one but i do not think that casino provide any investment opportunity. You can only play in casino but cannot store your investments there to get profit.
If you need to invest your bitcoins for passive income, then you should find a good site for investment which is giving dividends for may years and is trusted. Almost all the new investment sites lead to scam.

[Moiyah]

After my negative experienced with casinos, my point of view about investing your own money with online gambling is now changed. If you want to invest in gambling for fun, do not deposit huge amount. There is just a small percentage that we will win the  game. Though it is just base on my own experience.

[boyptc]

After my negative experienced with casinos, my point of view about investing your own money with online gambling is now changed. If you want to invest in gambling for fun, do not deposit huge amount. There is just a small percentage that we will win the  game. Though it is just base on my own experience.

It was being told in the past for so many times that whenever you gamble, deposit what you afford to lose.

And don't consider it as an investment because it's still different from real investing.

[AjithBtc]

After my negative experienced with casinos, my point of view about investing your own money with online gambling is now changed. If you want to invest in gambling for fun, do not deposit huge amount. There is just a small percentage that we will win the  game. Though it is just base on my own experience.

It was being told in the past for so many times that whenever you gamble, deposit what you afford to lose.

And don't consider it as an investment because it's still different from real investing.

However we brief, it is hard to accept. The greed of people will tempt the users go for bigger earning wagering big amount. Investing on casinos were safe way of making an earning, but this is very small and one won't be getting good return or a better ROI on the investment.

[jrrsparkles]

After my negative experienced with casinos, my point of view about investing your own money with online gambling is now changed. If you want to invest in gambling for fun, do not deposit huge amount. There is just a small percentage that we will win the  game. Though it is just base on my own experience.

It was being told in the past for so many times that whenever you gamble, deposit what you afford to lose.

And don't consider it as an investment because it's still different from real investing.

You can invest on the gamling sites as well,so you can make profits if the huse wins so it is like getting a small share from the overall profit depends on the capital you had invested.House can win most of the time then investing on gambling sites can be act as an passive investment but the profit you are going to make through investing on gambling sites will not be like winning on bets.

[proTECH77]

Casinos and sports betting are great places to start a business, but other people also have that idea, so you will have to compete with many other casinos, getting new customers into your casino and finding a profitable way to keep them loyal to you casino are not that easy either.

Agree, have been here on the forum and i got to know many older Bitcoin casinos; which i will not mention, they are the first casinos that the forum members knows about and they play on these gambling platforms daily without looking at the newer Bitcoin casinos. "It's better to stick to what you know than what you don't". Investment in Bitcoin casinos these days are no longer profitable.

[boyptc]

After my negative experienced with casinos, my point of view about investing your own money with online gambling is now changed. If you want to invest in gambling for fun, do not deposit huge amount. There is just a small percentage that we will win the  game. Though it is just base on my own experience.

It was being told in the past for so many times that whenever you gamble, deposit what you afford to lose.

And don't consider it as an investment because it's still different from real investing.

However we brief, it is hard to accept. The greed of people will tempt the users go for bigger earning wagering big amount. Investing on casinos were safe way of making an earning, but this is very small and one won't be getting good return or a better ROI on the investment.

And for others who have tried investing on casino's (bankroll) they are rushing for the profit, they don't understand that it takes time for their money to grow.

[omonuyak]

It been quite some time since I have been away from Bitcoin and cryptocurrencies, but seeing Bitcoin's price rise and the recent trends going about the block chain, it seems that soon we'll be seeing BTC becoming used as a mainstream currency by all major corporations, businesses (and even governments perhaps).

Now I've became interested into Bitcoin casino investing, but I want to know if it is worth a shot. I know that there is a risk in every investment, but I think this could be the most profitable way to go.

If anyone could share some tips or advice regarding this, I would greatly appreciate it. 

Investing into bitcoin casino or gambling entails some level of risk and that is why it good we understand that many gamblers might not be able to advise us on how to go as they will feel bad telling you to invest when your capitals is at risk.  I think we should do personal research if we want to makes gain from gambling or casino industry.

[leowonderful]

The chances of you losing your money with investing into casinos is likely higher than you might think; a whale can wipe you out in a few minutes even if you're able to select the leverage of your investment and you set it low if applicable. Casinos mathematically make money in the long run, but in reality a whale can still make it out with a net gain in the short term. As with any sort of investment, always invest only what you can afford to lose. Investing in a casino is no different.

[whirlcoin]

It been quite some time since I have been away from Bitcoin and cryptocurrencies, but seeing Bitcoin's price rise and the recent trends going about the block chain, it seems that soon we'll be seeing BTC becoming used as a mainstream currency by all major corporations, businesses (and even governments perhaps).

Now I've became interested into Bitcoin casino investing, but I want to know if it is worth a shot. I know that there is a risk in every investment, but I think this could be the most profitable way to go.

If anyone could share some tips or advice regarding this, I would greatly appreciate it. 

yes definitely the investment on Bitcoin cash flows are like the same type of every gambling so if you take the chances of risk you will definitely get the reward for it if it is positive definitely get if use income from single gambling.

[emmybd]

I doubt that investing in Casinos can be very profitable, but you can certainly give a shot. I would recommend you try with a small amount, if it works well then invest more.

[gilangIDR]

We can invest in Bitcoin casino, but remember that we must invest in a casino that has a good reputation.
Do not let us lose assets because we are wrong in choosing a place.
Some Bitcoin casinos offer attractive offers, so make that choice and maximize the opportunities.