Gambling investment is zero sum

[Nagadota]

With investing in gambling sites you can profit, which is usually what people are talking about.  Also, when you're playing on certain kinds of gambling like sports betting it's possible to win from having more skill than others rather than just from probability.

[boyptc]

Not all the time you will get nothing in gambling investments. Have you read the guy that is posting his profit with 3 casino's upon investing there for months? There will always be a profit for the house but you need to choose the ones that is legit and has a good reputation. Or do you mean by simply gambling the usual way is investment?

[LuanX3]

Not all the time you will get nothing in gambling investments. Have you read the guy that is posting his profit with 3 casino's upon investing there for months? There will always be a profit for the house but you need to choose the ones that is legit and has a good reputation. Or do you mean by simply gambling the usual way is investment?

It also depends on how much high rollers are in the casinos and how unlucky the gamblers are (though this factor cannot be influenced). If the site has a lot of gamblers that bet big amounts then most likely your investment can earn a lot of money. If not then it would be a steady climb for you in that casino.

[jayc89]

Gambling investment is zero or negative sum, considering the house has to profit.

So why are you guys do bitcoin gambling as an investment instruments? OR merely just for the fun, like going to a physical casino.

Gambling investment will always be positive EV.

Because you are investing in the house if you are investing in gambling.

For example, Yolodice and Bitdice are two very popular dice sites right now that accept user investments. Also worthy of a mention are crypto-games, Bitvest.io and Just-Dice(although they don't use bitcoin anymore so that's a bummer).

But if you are the person gambling, sure, it'll always be negative sum.

Can't think of any legitimate casinos that will offer you a neutral EV, because the house edge is how they make profits.

[Supercrypt]

Usually when we are talking about gambling investment we mean that our money are used to fuel casino's bankroll, therefore you effectively become the House.
It is as you said,  House needs gain profit and this way House will share its profit with investors. But again it is an investment. You are not collecting accrued interest here.

Players can at some point become very lucky effectively consuming large share of casino's (and yours) bankroll, so you might lose your invested money.

That's not how you will lose your investment. It's garanteed profit. What is not garanteed is that it will be returned to you. What's to stop the website shutting down ? That is the problem you should be concerned yourself with. We all k ow it will make profit or the casino would not exist.

Well there are many trusted websites you can invest and one of the most known one for example is moneypot.

If you check the moneypot investor profit it has been minus for a LOONG time, it might be profiting in the short term but people who invested back in the day still haven’t made their Money back. Sometimes the websites are not doing that well, hence even house has a risk.

[eternalgloom]

For me it's just fun to gamble and I also try to invest my winnings in the gambling site.
You can't touch your investment for 24 hours, so that keeps me from gambling it again and I make some profit of off it

At least, that's how it works on Crypto-Games

[ethereumhunter]

For me it's just fun to gamble and I also try to invest my winnings in the gambling site.
You can't touch your investment for 24 hours, so that keeps me from gambling it again and I make some profit of off it

At least, that's how it works on Crypto-Games

i think that is good that you do gamble for just fun, but the best thing that you do is invest your winning money to reach more profit although the investment is for long term but is good. having investment in gambling is also make us could get profit with the site, but to do gambling in that site, i think its not be a good idea because we can loss our money in every time.

[el kaka22]

I just invested in moneypot as well, 80700 bits, took out an hour later as 80000, quickest way to lose 700 satoshi without doing anything I saw.

If you want to lose money but don’t have to time lose all your money yourself and tired, just invest your coins to moneypot and go sleep, when you wake up gamblers would take it all and you will lose all your “investment”, we are basically giving our Money to gamblers. I am not so sure anymore about “house always wins” on moneypot.

[boyptc]

Not all the time you will get nothing in gambling investments. Have you read the guy that is posting his profit with 3 casino's upon investing there for months? There will always be a profit for the house but you need to choose the ones that is legit and has a good reputation. Or do you mean by simply gambling the usual way is investment?

It also depends on how much high rollers are in the casinos and how unlucky the gamblers are (though this factor cannot be influenced). If the site has a lot of gamblers that bet big amounts then most likely your investment can earn a lot of money. If not then it would be a steady climb for you in that casino.

Yes you are right and I don't believe that all the time a casino will generate no profit. There will be times that there will be a lucky gambler that wins a lot but there would be a time of recovering for the management that will encounter a rage bettor and will bet almost all his funds till the end that will lead him in losing.

[Intersan]

Gambling investment is zero or negative sum, considering the house has to profit.

So why are you guys do bitcoin gambling as an investment instruments? OR merely just for the fun, like going to a physical casino.

Gambling is an illegal way to earn money but many people wants to play to make a profit. This may be said that if we win it is easy to consume and if we success to become rich by use of gambling I think your family will lost and spend more time to others instead to our family. Since it gives more fun they have a bad influence.

[sasaku bitbit]

Gambling investment is zero or negative sum, considering the house has to profit.

So why are you guys do bitcoin gambling as an investment instruments? OR merely just for the fun, like going to a physical casino.

I don't see gambling as an investment instruments. Reading though this forum I understood that it's a very dangerous way to regard gambling as that. I think people should take it easy and should never expect big profits from gambling. I'm trying to think of gambling as of fun time spending only.

I think gambling is just the place for the man happy, if anyone think gambling is a profitable investment that's not possible because they have to take the risk of large losses or loss we can profit while. investment will probably be zero could not be expect so I recommend you make gambling man happy, fill in spare time.

[milewilda]

Not all the time you will get nothing in gambling investments. Have you read the guy that is posting his profit with 3 casino's upon investing there for months? There will always be a profit for the house but you need to choose the ones that is legit and has a good reputation. Or do you mean by simply gambling the usual way is investment?

It also depends on how much high rollers are in the casinos and how unlucky the gamblers are (though this factor cannot be influenced). If the site has a lot of gamblers that bet big amounts then most likely your investment can earn a lot of money. If not then it would be a steady climb for you in that casino.

Yes you are right and I don't believe that all the time a casino will generate no profit. There will be times that there will be a lucky gambler that wins a lot but there would be a time of recovering for the management that will encounter a rage bettor and will bet almost all his funds till the end that will lead him in losing.

This case does really happen on which there are really times that casinos have negative profits when there are players who are lucky enough to win big amounts and this is the risk when you do invest on casino bankrolls but we should really not be worry because in longer runs house will always be the winner thats why this type of investment is always recommendable.