Gambling by Staking,EOS and TRON, How do we do it?

[deisik]

I am new to EOS and TRON DApp staking games, and want to venture into it. Can I make passive income from it as most articles online point out to. Any strategy from an experience trader will be appreciated.

Your post is not totally clear to me but I can give you two options of making passive income (at least it works at TRON).

1. You can gamble in online TRON casinos. TRON casinos act like mining places where you mine their native coins, you freeze them and you get dividend payouts based on the number of native coins you have in your wallet. Mining has to do with wagering

What does mining have to do with wagering here?

And what do you mean by mining their native coins? How is it supposed to work exactly and what do Tron coins have to do with that in the first place? If it is possible with Tron, why is it not possible with Bitcoin, for example? If I got it right, it involves POS staking but I still don't quite understand the economic model behind the operation of these casinos. Can you explain this in greater detail, please?

[1714926187]

1714926187

[Naida_BR]

I am new to EOS and TRON DApp staking games, and want to venture into it. Can I make passive income from it as most articles online point out to. Any strategy from an experience trader will be appreciated.

Your post is not totally clear to me but I can give you two options of making passive income (at least it works at TRON).

1. You can gamble in online TRON casinos. TRON casinos act like mining places where you mine their native coins, you freeze them and you get dividend payouts based on the number of native coins you have in your wallet. Mining has to do with wagering

What does mining have to do with wagering here?

And what do you mean by mining their native coins? How is it supposed to work exactly and what do Tron coins have to do with that in the first place? If it is possible with Tron, why is it not possible with Bitcoin, for example? If I got it right, it involves POS staking but I still don't quite understand the economic model behind the operation of these casinos. Can you explain this in greater detail, please?

There are casino dApps in the TRON network that wagering works like mining. To be more precise, the online casino rewards you with its coin for placing bets there. When you freeze their coin, you are eligible to get dividends. For example, you get 500 X coins from wagering then you freeze these 500 and get the respective amount of dividends in TRX payout.
An example of such casino is Tronbet.io you can visit their website and read more about their model.

[upsidedown75]

Probably OP meant that going for gambling by the rewards he will be earning from staking EOS and TRON.
Moreover, he must be emphasizing about "free way of gambling" by considering staking rewards similar to freebies.

Edit :

There are casino dApps in the TRON network that wagering works like mining. To be more precise, the online casino rewards you with its coin for placing bets there. When you freeze their coin, you are eligible to get dividends.

I just came to know about these dapps based casino  and the features of wagering based mining. It seems like something new and exciting feature, every gambler will be looking to check at least for one time. Thanks for enlightening me. I'm just going to check what is it and how it will be. After checking out, let me share my experience here in more elaborated way.

[deisik]

1. You can gamble in online TRON casinos. TRON casinos act like mining places where you mine their native coins, you freeze them and you get dividend payouts based on the number of native coins you have in your wallet. Mining has to do with wagering

What does mining have to do with wagering here?

And what do you mean by mining their native coins? How is it supposed to work exactly and what do Tron coins have to do with that in the first place? If it is possible with Tron, why is it not possible with Bitcoin, for example? If I got it right, it involves POS staking but I still don't quite understand the economic model behind the operation of these casinos. Can you explain this in greater detail, please?

There are casino dApps in the TRON network that wagering works like mining. To be more precise, the online casino rewards you with its coin for placing bets there. When you freeze their coin, you are eligible to get dividends. For example, you get 500 X coins from wagering then you freeze these 500 and get the respective amount of dividends in TRX payout.
An example of such casino is Tronbet.io you can visit their website and read more about their model.

I still can't grasp why they are doing all this

I know about such apps. Actually, I'm looking into one of them called Endless Games, even though it runs on the EOS blockchain. These fellas promise hefty daily EOS dividends, and methinks it is pretty much the same with Tron here. But what are they getting out of that? Why would they want to pay dividends and even make it a selling point? Does it mean they are themselves staking EOS or Tron coins and rewarding their clientèle with part of the payment they themselves receive on the balances of their clients?

[Idrisu]

I am new to EOS and TRON DApp staking games, and want to venture into it. Can I make passive income from it as most articles online point out to. Any strategy from an experience trader will be appreciated.

You can make passives income from staking and backrolling and it seems more safe than direct gambling and betting.  Staking is more profitable than gambling because gambling is a very risky venture and most people that did not know the risk in gambling can now make money from staking.

[romero121]

I am new to EOS and TRON DApp staking games, and want to venture into it. Can I make passive income from it as most articles online point out to. Any strategy from an experience trader will be appreciated.

You can make passives income from staking and backrolling and it seems more safe than direct gambling and betting.  Staking is more profitable than gambling because gambling is a very risky venture and most people that did not know the risk in gambling can now make money from staking.

Staking seems to be another form of investing on gambling houses. More the staking more will be the profit one earns on each and every game one play against the house. I haven't come across tron staking gambling websites, recently came to know about bet50 which is eos based gambling website with staking access.

[Caladonian]

I am new to EOS and TRON DApp staking games, and want to venture into it. Can I make passive income from it as most articles online point out to. Any strategy from an experience trader will be appreciated.

You can make passives income from staking and backrolling and it seems more safe than direct gambling and betting.  Staking is more profitable than gambling because gambling is a very risky venture and most people that did not know the risk in gambling can now make money from staking.

Staking seems to be another form of investing on gambling houses. More the staking more will be the profit one earns on each and every game one play against the house. I haven't come across tron staking gambling websites, recently came to know about bet50 which is eos based gambling website with staking access.

Yeah right, getting it right you are simply investing with the house and allow your coins to stake and earned the rewards, more safe than investing with ICO's or playing against the house and risk your money, if you can learn more about this two coins and know the advantages you can gain decent profits
though small amount but passive income still far better than nothing.

[Bitum]

I am new to EOS and TRON DApp staking games, and want to venture into it. Can I make passive income from it as most articles online point out to. Any strategy from an experience trader will be appreciated.

Your post is not totally clear to me but I can give you two options of making passive income (at least it works at TRON).

1. You can gamble in online TRON casinos. TRON casinos act like mining places where you mine their native coins, you freeze them and you get dividend payouts based on the number of native coins you have in your wallet. Mining has to do with wagering.
2. Another option is to vote for a representative. You have to freeze your TRX balance and get a 1:1 vote. The more votes you have the more rewards you will get. You won't have a huge passive income but it is a starter.

I believe you wanted to know about the 1st option, If it is not clear, I would be happy to help you more!

Its also happening on EOS particularly on EOSbet.io which by just holding BET tokens a holder can get percentage of the daily wagered EOS in their platform. Its kind of staking so earning via dividends. Every holder gets EOS everyday depending on the volume in their casino. 

EOSbet even has a gambling license from Curaçao

[PuertoLibre]

I am new to EOS and TRON DApp staking games, and want to venture into it. Can I make passive income from it as most articles online point out to. Any strategy from an experience trader will be appreciated.

You can make passives income from staking and backrolling and it seems more safe than direct gambling and betting.  Staking is more profitable than gambling because gambling is a very risky venture and most people that did not know the risk in gambling can now make money from staking.

Staking seems to be another form of investing on gambling houses. More the staking more will be the profit one earns on each and every game one play against the house. I haven't come across tron staking gambling websites, recently came to know about bet50 which is eos based gambling website with staking access.

Yeah right, getting it right you are simply investing with the house and allow your coins to stake and earned the rewards, more safe than investing with ICO's or playing against the house and risk your money, if you can learn more about this two coins and know the advantages you can gain decent profits
though small amount but passive income still far better than nothing.

i prefer to invest in other banking projects in order to get passive income annually instead of staking on gambling site. What do you mean playing against house? From my point of view, no matter how powerful strategy gamblers have house always has advantage.  At the end it is all about personal preference. Just my 2 cent.

[Ziskinberg]

i prefer to invest in other banking projects in order to get passive income annually instead of staking on gambling site.

What are banking projects actually? I'm curious, because what we are talking here is investing in a certain casino or on their bankroll.

What do you mean playing against house? From my point of view, no matter how powerful strategy gamblers have house always has advantage.  At the end it is all about personal preference. Just my 2 cent.

Playing against house means you are not investing on them, just like a regular gambler when games has a house edge, we normally play against the house and this one is the opposite of investing.

[Bitcoin Marketing]

Casino dApps including games and iGaming are the future of this industry
We have seen in in ICE 2019 just 3 weeks ago where the main interest was about the innovation of the industry and how the "old fashion" casinos, platforms, game providers and so on, can benefit from this technology

We ( CoinPoint Group ) show case it also in our dedicated event - https://calvinayre.com/2019/02/18/conference/satoshi-vision-igaming-practices-vip-party-highlights-video/

There are more than 600 dApps in this space ( that we are aware of ) and working with some very promising ones to show the industry that

1. Operations can benefit
2. Players can benefit
3. Its not rocket science and running such dApps is not so complicated
4. Regulators and legal frame works are in place


This is the future

More info here - https://medium.com/coinpoint/coinpoint-marketing-a-blockchain-decentralized-application-dapp-in-a-hyper-igaming-competitive-58d8cea97765

Good luck

[matchbillion]

When I did the calculation last, it wasn't that much money. I think with TRX you made like 5% a year and that's payable in TRX. So if the underlying value falls, then you might actually lose money.

This is probably what he is asking. Yes you can make money by staking those coins but its a gamble because the value of those coins can fall in the future. You can always hedge EOS or TRX on an exchange but the fees would probably exceed the staking rewards. Hence no free lunch pretty much.

5% a year taken on its own doesn't look very appealing

On the other hand, if you make it part of some sophisticated strategy, it may be at least worth looking into. Regarding hedging, I don't think you will have to pay much as interest (definitely less than 5%) as these coins are not wildly popular for margin trading

Technically, it may be worth the money and effort if it is kind of shoot and forget thing. But how safe would those coins be if you are going to stake them? I mean, are they backed up by the blockchain itself or it still involves a third party, which can run away with your money at the end of the day? Sorry, I'm not very familiar with the matter, so bear with me

If you go to https://www.bitfinex.com/stats

And look at EOS, currently it costs 0.022% per day to margin trade it. Its basically what he would need to do to make sure the value of the underlying doesn't decrease since his primary focus is to make money and not to accumulate more EOS.

So 0.022% is about 8% per year, so if he staked his entire account balance, got 5% in staking revenue, he would be at a loss so he can't hedge against the underlying falling. Yes I understand sometimes the rate is lower but sometimes its also higher.

This is somewhat considered "gambling" since its not considered risk free. He just needs to hope that EOS, doesn't crash in the next year so he could earn 5% off staking.

I found that lending them to platforms like Celcius gives almost similar returns but problem is you are stuck there for long periods.

[xvids]

I think if you want to invest in a gambling site then go with the stes that already made a name in the industry,
Something like bustabit,bitvest and ethcrash those are the sites that I know who accepts investment .
And they have been around for so long.

[el kaka22]

The topic is all over the place, staking and eosbet is all different things. Yeah you can sort of "stake" by playing and owning the coins on eos there but also could have the coins yourself by basically using the PoS system as well. Are we talking about staking that is basically having coins on your wallet which exists in a lot of coins and basically has nothing to do with gambling at all or are we talking about staking as in having a share of the dapps that exists in eos and tron dice culture.

If we are talking about the having a share of the gambling that I doubt it is also called staking, that is just investing and it is a risky move, of course house always wins and you can make a decent amount of money there but there is always a chance of a gambler hitting big, staking as in keeping the coins on your wallet however is not risky but its not profitable that much neither.