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Author Topic: Losing investment on Gambling sites  (Read 14223 times)
8Habits
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August 12, 2016, 12:35:45 PM
Last edit: August 13, 2016, 03:48:01 AM by 8Habits
 #321


Was planing to invest on a gambling site since they said its a gauranteed profit since the house can't lose but I'm still skeptical about it, i don't have much BTC so I have to make sure whether its going to be profitable for me.  What possibilities could happen to the gambling site i wanted to invest into and how am i going to lose my investment in such a manner?

Even if the owners of the site are decent people they can be robbed and then you'll lose your invesment. I suggest you to invest only what you can afford to lose. You won't make big money this way but you will not lose much of your money either.
That's not the only risk, there's also variance, if the casino loses funds on the short term, you'd also be losing part of your investment.
You won't have this problem so much if there's a maximum amount to be won depending on the sites bankroll.
Gambling is not the only one to invest and your right its too risky but for me its better to invest our bitcoin in trading manage your bitcoins in altcoin is better because its less risk than gambling..

Trading is far away better than gambling even trading have a risk but  not as high  risk  in gambling.  The wise decision is you would choose  to invest it to trading because you would possible to earn bitcoin in the future if you know how to play trading.

it is wrong to even compare trading with gambling.
trading is for earning money and making profit.
gambling is for having fun and playing games.

you can earn a profit with gambling too but that doesn't make gambling an investment.
besides this topic is about investing in a gambling site's bankroll so you become a partner and it has nothing to do with either gambling nor trading Smiley

That is right. If you are doing the right thing with trading then you will profit otherwise you will be also losing all. It really pays to study first how you are going to attack trading and gambling. Otherwise, you will lose all your hard earned money that you invested or gamble.
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August 12, 2016, 01:45:42 PM
 #322

Generally, you won't lose money. There was a scam site called dicebitco.in, and they scammed house's 500 btc fund with cheating. So you need to invest on reliable site.

It's a theory, that the highly profitable investment or double the money and would not eliminate the money. That is certainly true, but if we are not smart in choosing investment then something negative things will happen to you in the future, as you say friends. That investment must be in need of a clear track record, so that we do not become a victim of fraud
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August 12, 2016, 01:51:26 PM
 #323


Was planing to invest on a gambling site since they said its a gauranteed profit since the house can't lose but I'm still skeptical about it, i don't have much BTC so I have to make sure whether its going to be profitable for me.  What possibilities could happen to the gambling site i wanted to invest into and how am i going to lose my investment in such a manner?

Even if the owners of the site are decent people they can be robbed and then you'll lose your invesment. I suggest you to invest only what you can afford to lose. You won't make big money this way but you will not lose much of your money either.
That's not the only risk, there's also variance, if the casino loses funds on the short term, you'd also be losing part of your investment.
You won't have this problem so much if there's a maximum amount to be won depending on the sites bankroll.
Gambling is not the only one to invest and your right its too risky but for me its better to invest our bitcoin in trading manage your bitcoins in altcoin is better because its less risk than gambling..

Trading is far away better than gambling even trading have a risk but  not as high  risk  in gambling.  The wise decision is you would choose  to invest it to trading because you would possible to earn bitcoin in the future if you know how to play trading.
Definitely it is better but sometimes we also lose in trading, like what happened to me, I have bought some LIR at 1,000 sats but suddenly the price drop down hard and I am waiting for it now to rise again, I mean patiently to recover and make profit.

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August 14, 2016, 03:20:58 AM
 #324

Gambling has never been and never will be good. Simple thing: Someone has to lose to someone else could win. You will win once, but then you lose a lot more. Ordinary mathematics .. nothing more ..

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August 14, 2016, 03:36:29 AM
 #325

Gambling has never been and never will be good. Simple thing: Someone has to lose to someone else could win. You will win once, but then you lose a lot more. Ordinary mathematics .. nothing more ..

Have you even read the OP? He is asking about investing in gambling sites, not playing.

Generally, you won't lose money. There was a scam site called dicebitco.in, and they scammed house's 500 btc fund with cheating. So you need to invest on reliable site.

It's a theory, that the highly profitable investment or double the money and would not eliminate the money. That is certainly true, but if we are not smart in choosing investment then something negative things will happen to you in the future, as you say friends. That investment must be in need of a clear track record, so that we do not become a victim of fraud

Yes, but the thing is that anybody can run away at any certain time; dicebitco,in was pretty trusted at the time as well. You just have to put faith in the owner really, nothing more. Most gambling sites have more to gain by staying than by running.
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August 14, 2016, 04:44:17 AM
 #326

Gambling has never been and never will be good. Simple thing: Someone has to lose to someone else could win. You will win once, but then you lose a lot more. Ordinary mathematics .. nothing more ..
Well, that is for the players but we are talking here about investing in a gambling sites and we are not subject to your computation. It is also a simple math that since gamblers loses the house wins most of the time, the only problem now is how to choose a gambling sites that are trustworthy.
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August 14, 2016, 10:10:25 AM
 #327

Gambling has never been and never will be good. Simple thing: Someone has to lose to someone else could win. You will win once, but then you lose a lot more. Ordinary mathematics .. nothing more ..
Well, that is for the players but we are talking here about investing in a gambling sites and we are not subject to your computation. It is also a simple math that since gamblers loses the house wins most of the time, the only problem now is how to choose a gambling sites that are trustworthy.
Since the house always wins then the best decision for now is to invest in gambling sites, I believe there are more reputable gambling sites you can find here so it would be easy for you to earn when you have the money to invest.

.
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August 14, 2016, 12:37:38 PM
 #328

for me theres no guarantee if you are going to invest your money in gambling website because you don't have a control on your money where that admin can remove your money without notifying you , much better if you are going to invest in on cloud mining or investment website where you can trust your money with because it is more reliable Cheesy
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August 14, 2016, 12:43:47 PM
 #329

for me theres no guarantee if you are going to invest your money in gambling website because you don't have a control on your money where that admin can remove your money without notifying you , much better if you are going to invest in on cloud mining or investment website where you can trust your money with because it is more reliable Cheesy

All site owners can scam people not only casino website owners. Every online investment got their risks so you need to choose good sites to invest your money. If you check this forum, you will get few old and trusted sites to choose for your casino investment. You can put in few casino bankrolls surely you will make some good profit in the long run but in the short term no guaranty. Don't invest in any new casino sites.
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August 16, 2016, 04:52:51 AM
 #330

for me theres no guarantee if you are going to invest your money in gambling website because you don't have a control on your money where that admin can remove your money without notifying you , much better if you are going to invest in on cloud mining or investment website where you can trust your money with because it is more reliable Cheesy

All site owners can scam people not only casino website owners. Every online investment got their risks so you need to choose good sites to invest your money. If you check this forum, you will get few old and trusted sites to choose for your casino investment. You can put in few casino bankrolls surely you will make some good profit in the long run but in the short term no guaranty. Don't invest in any new casino sites.

I'd say it's more of a judgement call on where to invest.

For example, a new site can be prime to invest in if you only have a small amount to invest, as they won't have as many investors yet, so you can make more profit. Another example of being ok to invest in a new casino site is if the new site was opened by a trusted owner, for example, moneypot.com, which was opened by RHavar, who is trusted in the bitcointalk community. When it was new, I invested there and was one of the first investors, and I made a nice profit due to being one of the first investors when the bankroll was still small. Now, it's harder to make a profit with a small investment, due to the bigger bankroll.
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August 16, 2016, 05:07:44 AM
 #331

for me theres no guarantee if you are going to invest your money in gambling website because you don't have a control on your money where that admin can remove your money without notifying you , much better if you are going to invest in on cloud mining or investment website where you can trust your money with because it is more reliable Cheesy

All site owners can scam people not only casino website owners. Every online investment got their risks so you need to choose good sites to invest your money. If you check this forum, you will get few old and trusted sites to choose for your casino investment. You can put in few casino bankrolls surely you will make some good profit in the long run but in the short term no guaranty. Don't invest in any new casino sites.

There is always a possible that anytime those site owners can just run away from their investors if ever they have collected a lot of money.

But of course there are few of them, that wants only to get trusted by the people so that their business is going to run smoothly.

That is investment and gambling's risk.

Vires in Numeris
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August 16, 2016, 05:43:52 AM
 #332

for me theres no guarantee if you are going to invest your money in gambling website because you don't have a control on your money where that admin can remove your money without notifying you , much better if you are going to invest in on cloud mining or investment website where you can trust your money with because it is more reliable Cheesy

All site owners can scam people not only casino website owners. Every online investment got their risks so you need to choose good sites to invest your money. If you check this forum, you will get few old and trusted sites to choose for your casino investment. You can put in few casino bankrolls surely you will make some good profit in the long run but in the short term no guaranty. Don't invest in any new casino sites.

I'd say it's more of a judgement call on where to invest.

For example, a new site can be prime to invest in if you only have a small amount to invest, as they won't have as many investors yet, so you can make more profit. Another example of being ok to invest in a new casino site is if the new site was opened by a trusted owner, for example, moneypot.com, which was opened by RHavar, who is trusted in the bitcointalk community. When it was new, I invested there and was one of the first investors, and I made a nice profit due to being one of the first investors when the bankroll was still small. Now, it's harder to make a profit with a small investment, due to the bigger bankroll.

I totally understand cause i am also one of the starting investor when the MP was just being bought over. However, it is not nice to always judge by the size of the bankroll. Usually small bankroll will mean that the site is still new and yet to establish the reputation. A lot of these casino are very risky to invest as you can lose everything if they just ran away. On the other hand, like what you have said, the rewards are also extremely nice.
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August 16, 2016, 08:09:20 AM
 #333

for me theres no guarantee if you are going to invest your money in gambling website because you don't have a control on your money where that admin can remove your money without notifying you , much better if you are going to invest in on cloud mining or investment website where you can trust your money with because it is more reliable Cheesy

All site owners can scam people not only casino website owners. Every online investment got their risks so you need to choose good sites to invest your money. If you check this forum, you will get few old and trusted sites to choose for your casino investment. You can put in few casino bankrolls surely you will make some good profit in the long run but in the short term no guaranty. Don't invest in any new casino sites.

There is always a possible that anytime those site owners can just run away from their investors if ever they have collected a lot of money.

But of course there are few of them, that wants only to get trusted by the people so that their business is going to run smoothly.

That is investment and gambling's risk.

In every investment there are risk involved and  investing in gambling site is no exception since  gambling site owners could ran the money of their investors anytime same as others said here in the thread but not all would do the same there are some  site staying for song  long already because  having a gambling site and  many investors would be a very profitable business.

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zend7
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August 16, 2016, 09:15:40 AM
 #334

for me theres no guarantee if you are going to invest your money in gambling website because you don't have a control on your money where that admin can remove your money without notifying you , much better if you are going to invest in on cloud mining or investment website where you can trust your money with because it is more reliable Cheesy

All site owners can scam people not only casino website owners. Every online investment got their risks so you need to choose good sites to invest your money. If you check this forum, you will get few old and trusted sites to choose for your casino investment. You can put in few casino bankrolls surely you will make some good profit in the long run but in the short term no guaranty. Don't invest in any new casino sites.

There is always a possible that anytime those site owners can just run away from their investors if ever they have collected a lot of money.

But of course there are few of them, that wants only to get trusted by the people so that their business is going to run smoothly.

That is investment and gambling's risk.

In every investment there are risk involved and  investing in gambling site is no exception since  gambling site owners could ran the money of their investors anytime same as others said here in the thread but not all would do the same there are some  site staying for song  long already because  having a gambling site and  many investors would be a very profitable business.

All kind of things can happen and the worse is that for example the casino where you invested your bitcoins is hit by a big whale winning a very big jackpot. In this situation the casino faces 2 options which is paying the whale and continue operating or don't pay the whale and run away with all users money collected so far and soon after to open a new casino kinda like ponzi schemes. I think trusted casinos so far which even if they will be hit by a big whale they will continue operating are crypto games and betking.
teilwalL05
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August 17, 2016, 03:35:46 AM
 #335

Gambling has never been and never will be good. Simple thing: Someone has to lose to someone else could win. You will win once, but then you lose a lot more. Ordinary mathematics .. nothing more ..
Well, that is for the players but we are talking here about investing in a gambling sites and we are not subject to your computation. It is also a simple math that since gamblers loses the house wins most of the time, the only problem now is how to choose a gambling sites that are trustworthy.
Since the house always wins then the best decision for now is to invest in gambling sites, I believe there are more reputable gambling sites you can find here so it would be easy for you to earn when you have the money to invest.
Yeah, if you really want to earn money try to invest in gambling sites and search for the company with a better profit so you are also the one who gain for it. There is always a possibility that we can lose and win money but in investing if you have more knowledge there is always a high possibility that you can gain more money.
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August 17, 2016, 04:31:53 AM
 #336

Gambling has never been and never will be good. Simple thing: Someone has to lose to someone else could win. You will win once, but then you lose a lot more. Ordinary mathematics .. nothing more ..
Well, that is for the players but we are talking here about investing in a gambling sites and we are not subject to your computation. It is also a simple math that since gamblers loses the house wins most of the time, the only problem now is how to choose a gambling sites that are trustworthy.
Since the house always wins then the best decision for now is to invest in gambling sites, I believe there are more reputable gambling sites you can find here so it would be easy for you to earn when you have the money to invest.
Yeah, if you really want to earn money try to invest in gambling sites and search for the company with a better profit so you are also the one who gain for it. There is always a possibility that we can lose and win money but in investing if you have more knowledge there is always a high possibility that you can gain more money.

Investment requires knowledge. Otherwise you will get yourself burned. Similarly in investing in gambling site, you will need to look at the size of the bankroll. If it is too huge then your investment will bear little rewards. You also need to look at the daily wages, no point investing in a site with no people come and gamble etc. With more knowledge, you will know how to make your money work harder for you.
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August 17, 2016, 06:19:33 AM
 #337

Investing in gambling sites is risky and worthy.Before you investing in a site you must have research anything of the site like I have a bad feedback , investment plan and the staff members.But also asked the player or the user of the sites that they experience in the site.
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August 17, 2016, 06:25:58 AM
 #338

Investing in gambling sites is risky and worthy.Before you investing in a site you must have research anything of the site like I have a bad feedback , investment plan and the staff members.But also asked the player or the user of the sites that they experience in the site.

Most of those sites won't scam you however, its that since its a new site and starting out, a whale might start gambling and completely empty the sites investment bank.
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August 17, 2016, 06:44:59 AM
 #339

Investing in gambling sites is risky and worthy.Before you investing in a site you must have research anything of the site like I have a bad feedback , investment plan and the staff members.But also asked the player or the user of the sites that they experience in the site.

Most of those sites won't scam you however, its that since its a new site and starting out, a whale might start gambling and completely empty the sites investment bank.
But still you have a better chance to win because you are the house and you have the advantage, even if the there is a whale who will gamble in your site, he needs luck to win all your site bankroll so the advantage is still in you, some sites closes because the owner scammed its investors and that is the common problem.

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teilwalL05
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August 21, 2016, 02:42:39 AM
 #340

Investing in gambling sites is risky and worthy.Before you investing in a site you must have research anything of the site like I have a bad feedback , investment plan and the staff members.But also asked the player or the user of the sites that they experience in the site.
It is depend on a gambling site. If you invest in that site make sure that it is making profit before you invest. Always double check their income or if they are making an income. Investing is also risky if you don't have enough knowledge in this kind of business.
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