Don Pedro Dinero
Legendary
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Activity: 1484
Merit: 1745
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November 14, 2017, 05:00:47 AM |
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... In casino investments, investors not only lose money if site scam you but they also lose money if many gamblers win regularly from the site games. For example, you can check moneypot bankroll investments. Investors have lost a lot of money so you need to continuously monitor your investments and sometimes need to withdraw money if a casino is not making a profit for some time.
I’ve been doing some research because I hadn’t heard of moneypot case and it is very surprising to me what you say. Gamblers winning regularly from site games is not possible unless casino owners are idiots and implement a system which gives mathematical advantage to players. I’ve found the following quote quite clarifying: Not going to even consider touching it.
Something strange is going on over there, it is either their random system is rigged and gives advantage to the players, or it's either someone inside is stealing funds.
I don't even know what to believe, but with 1% house edge there is literally no chance that they could have lost the amount they lost.
Stay away until they come with a good explanation.
Investing in casinos has risks, but not that kind of risk, as long as the site is legit.
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adaseb
Legendary
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Activity: 3878
Merit: 1733
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November 14, 2017, 09:37:35 AM |
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... In casino investments, investors not only lose money if site scam you but they also lose money if many gamblers win regularly from the site games. For example, you can check moneypot bankroll investments. Investors have lost a lot of money so you need to continuously monitor your investments and sometimes need to withdraw money if a casino is not making a profit for some time.
I’ve been doing some research because I hadn’t heard of moneypot case and it is very surprising to me what you say. Gamblers winning regularly from site games is not possible unless casino owners are idiots and implement a system which gives mathematical advantage to players. I’ve found the following quote quite clarifying: Not going to even consider touching it.
Something strange is going on over there, it is either their random system is rigged and gives advantage to the players, or it's either someone inside is stealing funds.
I don't even know what to believe, but with 1% house edge there is literally no chance that they could have lost the amount they lost.
Stay away until they come with a good explanation.
Investing in casinos has risks, but not that kind of risk, as long as the site is legit. There are basically 3 different ways of making money with bitcoins and other cryptocurrencies in general. Most popular is trading, you can make alot of money fast, but its very risky and difficult depending on market conditions Second is you can gamble your BTC, and make alot of money fast or lose everything even faster. Third way is to invest in BTC casinos. Since there is a house edge AND human emotions trigger greed and fear. The outcome usually will most likely be positive in your favor.
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raliyat
Newbie
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Activity: 39
Merit: 0
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November 14, 2017, 11:23:58 AM |
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... In casino investments, investors not only lose money if site scam you but they also lose money if many gamblers win regularly from the site games. For example, you can check moneypot bankroll investments. Investors have lost a lot of money so you need to continuously monitor your investments and sometimes need to withdraw money if a casino is not making a profit for some time.
Ive been doing some research because I hadnt heard of moneypot case and it is very surprising to me what you say. Gamblers winning regularly from site games is not possible unless casino owners are idiots and implement a system which gives mathematical advantage to players. Ive found the following quote quite clarifying: Not going to even consider touching it.
Something strange is going on over there, it is either their random system is rigged and gives advantage to the players, or it's either someone inside is stealing funds.
I don't even know what to believe, but with 1% house edge there is literally no chance that they could have lost the amount they lost.
Stay away until they come with a good explanation.
Investing in casinos has risks, but not that kind of risk, as long as the site is legit. There are basically 3 different ways of making money with bitcoins and other cryptocurrencies in general. Most popular is trading, you can make alot of money fast, but its very risky and difficult depending on market conditions Second is you can gamble your BTC, and make alot of money fast or lose everything even faster. Third way is to invest in BTC casinos. Since there is a house edge AND human emotions trigger greed and fear. The outcome usually will most likely be positive in your favor. Completely agree with your strategy and thanks for the idea which is very much useful for the new comers like me to avoid lot of things.
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LuanX3
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November 14, 2017, 12:06:58 PM |
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... In casino investments, investors not only lose money if site scam you but they also lose money if many gamblers win regularly from the site games. For example, you can check moneypot bankroll investments. Investors have lost a lot of money so you need to continuously monitor your investments and sometimes need to withdraw money if a casino is not making a profit for some time.
I’ve been doing some research because I hadn’t heard of moneypot case and it is very surprising to me what you say. Gamblers winning regularly from site games is not possible unless casino owners are idiots and implement a system which gives mathematical advantage to players. I’ve found the following quote quite clarifying: Not going to even consider touching it.
Something strange is going on over there, it is either their random system is rigged and gives advantage to the players, or it's either someone inside is stealing funds.
I don't even know what to believe, but with 1% house edge there is literally no chance that they could have lost the amount they lost.
Stay away until they come with a good explanation.
Investing in casinos has risks, but not that kind of risk, as long as the site is legit. There are basically 3 different ways of making money with bitcoins and other cryptocurrencies in general. Most popular is trading, you can make alot of money fast, but its very risky and difficult depending on market conditions Second is you can gamble your BTC, and make alot of money fast or lose everything even faster. Third way is to invest in BTC casinos. Since there is a house edge AND human emotions trigger greed and fear. The outcome usually will most likely be positive in your favor. Completely agree with your strategy and thanks for the idea which is very much useful for the new comers like me to avoid lot of things. When I started using bitcoins, I never knew about anything like this. I even thought that gambling it would be some sort of investment as well. Well that was a very wrong move to me. I lost my first few bitcoins back then. I thought that a martin gale system will be some sort of investing method that would profit me in the long term, however that was such a wrong notion. I can't believe my eyes when I saw a 10 straight losing streak and ate up all by btc.
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maikelujang
Member
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Activity: 75
Merit: 10
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November 14, 2017, 12:45:09 PM |
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eternalgloom
Legendary
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Activity: 1792
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November 14, 2017, 04:43:48 PM |
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It's not that easy to start your own casino and you could end up losing everything just because your casino isn't popular enough. Far less risky to just invest a couple of Bitcoins in an established Bitcoin casino. I think you're vastly underestimating the cost and skill required to start your own profitable casino.
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CrazyCraig
Sr. Member
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Activity: 501
Merit: 340
Bye Felisha!
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November 14, 2017, 07:11:34 PM |
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It's not that easy to start your own casino and you could end up losing everything just because your casino isn't popular enough. Far less risky to just invest a couple of Bitcoins in an established Bitcoin casino. I think you're vastly underestimating the cost and skill required to start your own profitable casino. Doing it right would require a sophisticated infrastructure. Sophisticated in the way of load balances, separate servers for services, wallet servers, etc.
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adaseb
Legendary
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Activity: 3878
Merit: 1733
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November 14, 2017, 09:44:28 PM |
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It's not that easy to start your own casino and you could end up losing everything just because your casino isn't popular enough. Far less risky to just invest a couple of Bitcoins in an established Bitcoin casino. I think you're vastly underestimating the cost and skill required to start your own profitable casino. It has nothing to do with the casinos popularity. When a casino is less popular it should still make profit, just less. Nothing wrong with that. Problem is that there are small bitcoin casinos that start operation with 0.05BTC capital and there might be whales that deposit 1 BTC and win 10 BTC and where will get insufficient capital come from? Most small casinos don't set bet limits against the sites available capital and it leads to insolvency. They just shut their doors and move on to the next scam site.
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CrazyCraig
Sr. Member
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Activity: 501
Merit: 340
Bye Felisha!
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November 14, 2017, 10:39:57 PM |
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It has nothing to do with the casinos popularity. When a casino is less popular it should still make profit, just less. Nothing wrong with that.
Problem is that there are small bitcoin casinos that start operation with 0.05BTC capital and there might be whales that deposit 1 BTC and win 10 BTC and where will get insufficient capital come from?
Most small casinos don't set bet limits against the sites available capital and it leads to insolvency. They just shut their doors and move on to the next scam site.
This is completely true too. New sites are so eager to compete with the big guys instead of trying to find their target market. Its okay to start small, but over leveraging can lead to harsh scenarios.
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p3ppymon
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November 14, 2017, 11:07:53 PM |
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I have invested in a casino site quite a long time ago with some decent return. Would you advise me to do invest again? If so, what would you recommend: invest in a single casino the whole amount or diversify the investment in different sites?
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Bitfort
Sr. Member
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Activity: 952
Merit: 339
invest trade and gamble wisely
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November 14, 2017, 11:26:26 PM |
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I have invested in a casino site quite a long time ago with some decent return. Would you advise me to do invest again? ...
Yes, I would (better than leaving coins laying in wallet) ... If so, what would you recommend: invest in a single casino the whole amount or diversify the investment in different sites?
Surely split your funds among multiple casinos to minimize risk ( whales can win significant bankroll part of one, two casinos ... unlikely more ).
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Ziskinberg
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November 14, 2017, 11:35:16 PM |
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I have invested in a casino site quite a long time ago with some decent return. Would you advise me to do invest again? If so, what would you recommend: invest in a single casino the whole amount or diversify the investment in different sites?
I would recommend that you diversify your investment, do not just trust your money in one casino as there are a lot of casinos out there who offers the same investment program, the point here is you can minimize the risk while you can sill receive the same profit because in general casino's are profitable especially those who are existing for a long period of time already.
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Caladonian
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November 15, 2017, 04:27:56 AM |
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I have invested in a casino site quite a long time ago with some decent return. Would you advise me to do invest again? If so, what would you recommend: invest in a single casino the whole amount or diversify the investment in different sites?
I would recommend that you diversify your investment, do not just trust your money in one casino as there are a lot of casinos out there who offers the same investment program, the point here is you can minimize the risk while you can sill receive the same profit because in general casino's are profitable especially those who are existing for a long period of time already. Even small profits but from those bigger casino you can get some breathing with your money, just research each of them and never ask for more just like treating your investment as a passive income as those casinos have its own condition and have its terms when to cash it out.
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JasonXG
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November 17, 2017, 11:25:01 PM |
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Casino investments are really nice because you can use leverage which means you can put 10xleverage and have 0.10btc and have 1btc invested. This is nice because if tou worried about the casino running off with your money they will only run off with 1/10th of it but I doubt that will happen. It also always you to invest the other 0.90btc elsewhere.
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MinerHQ
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Activity: 1456
Merit: 1023
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November 18, 2017, 12:14:17 AM |
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Casino investments are really nice because you can use leverage which means you can put 10xleverage and have 0.10btc and have 1btc invested. This is nice because if tou worried about the casino running off with your money they will only run off with 1/10th of it but I doubt that will happen. It also always you to invest the other 0.90btc elsewhere.
When you invest money don't always think the only advantage but also need to consider disadvantages because if you leverage 10x then you also can lose your investments 10X faster. Because if the site loses 10% of their bankroll, then you will lose almost all your investments. It is quite common gambling houses sometimes they will lose 10% of their bankroll if any big whales win few times.
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BTCevo
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Activity: 1834
Merit: 1008
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November 18, 2017, 02:55:01 PM |
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Casino investments are really nice because you can use leverage which means you can put 10xleverage and have 0.10btc and have 1btc invested. This is nice because if tou worried about the casino running off with your money they will only run off with 1/10th of it but I doubt that will happen. It also always you to invest the other 0.90btc elsewhere.
When you invest money don't always think the only advantage but also need to consider disadvantages because if you leverage 10x then you also can lose your investments 10X faster. Because if the site loses 10% of their bankroll, then you will lose almost all your investments. It is quite common gambling houses sometimes they will lose 10% of their bankroll if any big whales win few times. But in the end house will always win, so it does not matter anyway. And 10% of their bankroll is pretty huge amount to lose here. Since big whale will never eat up that huge amount unless there is suddenly big win on slots or may be some lottery game. I ever saw huge bet on betking only and that is the biggest bet ever but still house is on profit too so it is pretty good profit on gambling investment
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rfouziha
Member
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November 18, 2017, 05:12:11 PM |
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What I know is investing bitcoins in casinos is full of risk only. Life is full of risk even though we surviving if you not take risk you will not grow. You can invest in bitcoin casinos not in one shot just start with little and increase depend on the experience you gain will be very safe for your investment.
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MinerHQ
Legendary
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Activity: 1456
Merit: 1023
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November 19, 2017, 12:09:16 AM |
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Casino investments are really nice because you can use leverage which means you can put 10xleverage and have 0.10btc and have 1btc invested. This is nice because if tou worried about the casino running off with your money they will only run off with 1/10th of it but I doubt that will happen. It also always you to invest the other 0.90btc elsewhere.
When you invest money don't always think the only advantage but also need to consider disadvantages because if you leverage 10x then you also can lose your investments 10X faster. Because if the site loses 10% of their bankroll, then you will lose almost all your investments. It is quite common gambling houses sometimes they will lose 10% of their bankroll if any big whales win few times. But in the end house will always win, so it does not matter anyway. And 10% of their bankroll is pretty huge amount to lose here. Since big whale will never eat up that huge amount unless there is suddenly big win on slots or may be some lottery game. I ever saw huge bet on betking only and that is the biggest bet ever but still house is on profit too so it is pretty good profit on gambling investment Why do you think that only one person can win big amount to lose 10% of site bankroll? In case if few lucky guys win huge amount then surely casinos can lose 10% of their bankrolls and if that happens and if you have leveraged 10 times then you can lose all your bankroll. Just consider moneypot bankroll they lost so much money. In gambling, anything can happen and it is our responsibility play safe.
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Dodoymabs
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November 19, 2017, 12:21:24 AM |
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Hello!
I've got a few coins on the side and I'd like to make them work. Which gambling site do you advise me to invest in the bankroll?
Just-dice is probably the most trusted dice website in the Bitcoin space because the owner is very active for a long time. Mega dice it’s been in for a long time and I think we can trust it.
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veleten
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Activity: 2016
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November 19, 2017, 02:20:34 AM |
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Hello!
I've got a few coins on the side and I'd like to make them work. Which gambling site do you advise me to invest in the bankroll?
Just-dice is probably the most trusted dice website in the Bitcoin space because the owner is very active for a long time. Mega dice it’s been in for a long time and I think we can trust it. every site can be trusted until they exit scam you it is almost impossible to predict this scenario,other than that-read about the site check what other investors say,check their publicly available stats and proof of funds some sites like bitvest.io,for example,provide full stats with graphs on the investments
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