Gambling Site's Investing (Is it worth it?)

[Yatsan]

Hi! Have you ever tried to invest into a gambling site? and my question is, is it worth it? Considering that you will not be a player! but you will be the house (not actually the house but some part of the "house" LOL), Your portion of investment will be part of the gambling website's bankroll and if they win you also win! and if they lose you will also lose.

The downside of it is, if you are going to invest, 2% of your total investment will be the fee (2% on the most of the gambling website that I see). So are you going to try it? It is going to be okay if you consider long term investing but if your motive is for short term, I think not.

Is there any people here have tried it for a long term and does investing on it, is worth it?


If you are interested to know what gambling website's are offering Investment, you can check this website: https://dicesites.com/
They list all of the website's offering it and additional information for it.

Small trivia:
the owner of that website is NLNico and the only person here that have The Glider(hacker symbol) badge


Are you going to try investing on their bankroll? Please explain your answer  

[CryptopreneurBrainboss]

I haven't invested although I'm interested in making such investment and when I do it won't be a short term investment instead for the long-term. The benefits as you have stated is very tempting since you don't bother amount winning or not losing a bet to profit so I can't ask for a better earning opportunity.

I was once advice by one of the individual (Investor) I adore, he said that when two teams plays a game (he was referring to football) that there's someone that always win irrespectively of the outcome of that game which obviously isn't the players or club playing but the tickets seller. The same advice can be applied here since the chances of the house to win is more than that of the hundreds of players constantly playing. Thanks for the link shared, I'll check it out.

[cryptoaddictchie]

The idea is nice actually. Lots of people are into gambling so the chances to win (earn and profit) is also good. IMO, most related to gambling even though it isnt cryptocureency always win by the house. I never tried this before and probably never will. I am not a full time gambler and just doing sometime to enjoy myself. Being on the house also is gonna be a tough decision for me. Maybe I will just be forever on the player side.


Nice Trivia OP, but his badge isnt show anymore. Also he is not active anymore here.

[blckhawk]

Similar to investing stocks/shares to a company. Once the company you ibvested in lose market profit, their stock price also goes down. This is somewhat a similar idea, but you're just taking a percentage cut directly into their sales.

I might invest few of my funds, since the odds of the house winning on these online gambling casinos is greater than the actual gambler winning. Though before investing, always check the legitimacy of the site. They might use mock customers that they'll consider losing, when there's no actual losers in the platform or even players, and just have the funds of investors taken off.

[shoreno]

I might invest few of my funds, since the odds of the house winning on these online gambling casinos is greater than the actual gambler winning.

why invest only a few when you are already sure that the gambling site will more likely to win  ? you shouldnt limit your self buddy  . i havent tried investing on a casino before but i am just a player and i loose more often  .  it seems that the more i play the more i loose , so it means that gambling site really earns alot   .

Though before investing, always check the legitimacy of the site.

this is the most important part to consider before investing   . there are old age sites out there that offers investment ,  like for example bitvest  , cryptogames   , ( to name a few  )

[semobo]

Bankroll investment on gambling site's are somewhat less risky compared to all other form of investment plans because we all knows that house has better chance of winning than players in long run so if you are going to keep your capital there for long you can make more money but I don't think it will suit for anyone who want to multiply their capital.

For who this investment will suits better: One who have lot of savings to survive their life and got lot of crypto sleeping in their wallet can got for this.

[ralle14]

I used to have an investment in a casino, its worth it if you have a significant amount to invest but if we're talking about all casinos maybe not because of their structure in risking the bankroll and how quickly the profit could swing depending on the risks allowed. The 2% is not that big of a downside if you manage to invest in a good casino you can quickly recover that fee within a few weeks or month depends on how lucky the investors get on the start of their investment.

[Yatsan]

Bankroll investment on gambling site's are somewhat less risky compared to all other form of investment plans because we all knows that house has better chance of winning than players in long run so if you are going to keep your capital there for long you can make more money but I don't think it will suit for anyone who want to multiply their capital.

For who this investment will suits better: One who have lot of savings to survive their life and got lot of crypto sleeping in their wallet can got for this.

This is going to be good if you want to divide your asset and spread your investments, that is the basic's if you want to be a great investor! Divide your funds for short and long term investing, maybe some is going to be for trading and some is for holding. Personally as I've created this topic I want to invest and before that I want to hear first on those people that try it, so after that I can decide. And in additional having a decent amount of bitcoin in this kind of investment is big deal considering that, your profit will depends on how much is your going to invest.

The idea is nice actually. Lots of people are into gambling so the chances to win (earn and profit) is also good. IMO, most related to gambling even though it isnt cryptocureency always win by the house. I never tried this before and probably never will. I am not a full time gambler and just doing sometime to enjoy myself. Being on the house also is gonna be a tough decision for me. Maybe I will just be forever on the player side.

Yes, it is related to gambling so there will be still a risk, but I think the risk is lowered by this type of investment 

Nice Trivia OP, but his badge isnt show anymore. Also he is not active anymore here.

Yeah, he is not active here anymore. But I am still seeing his badge maybe there's a bug, or somehow his badge is not showing on some part of the forum.

[batang_bitcoin]

I think there's a guy that's posting his bankroll casino investments before and he's updating it weekly. I can't remember the name of that guy but he has invested to various casinos like crypto-games and other popular casinos. But, he's not updating anymore nor posting it here or maybe I'm just missing him. What I've understand with this kind of investment, you should be patient and the money you will invest there must be a spare. It's like planting a seed and waiting for the harvest without exact time frame.

[doomistake]

The answer will depends on two things, if the gambling site that you are going to invest is well known, the profits will be surely put inside you wallet every single day, but if you are going to invest in gambling site where it is just starting, the profits is not guaranteed that will come fast but there is still profits on it, there is no doubt about that. I suggest that if you don't know the owner of the gambling site personally, or he doesn't give any assurance for your peace of mind before investing, don't risk your money on it.

Partnership is not supposed to be a one-sided, there must be a connection as always to avoid money losses because of being greedy when it comes to profits.

[abel1337]

Investing in a gambling site is one of my options when the time I am still investing and It seems to be a good investment though, A long term investment should be fine and the 2% fee will be covered by the profits you make over a long time, I think it has a higher chance of gaining profit from investing on a gambling site than investing it to ICO/IEO I think. A lot of traffic on a gambling site means there's a lot of possibilities that you can earn more profit from it.

If I have still the money to invest I would really like to try investing in it.


Whoaa It's my first time to see that user and seeing that kind of badge 

[Ailmand]

Code:

The downside of it is, if you are going to invest, 2% of your total investment will be the fee (2% on the most of the gambling website that I see). So are you going to try it? It is going to be okay if you consider long term investing but if your motive is for the short term, I think not.

I guess even if you are part of the house bankroll the house still wins.  .  It might be worth it if you are investing a huge amount of money, even though the house has a higher edge over players you must not cross out the risk that you are investing in a gambling site and the risk of the house losing is still possible by the time you have invested. Any investment is a gamble and you should also consider the platform you are investing in, the number of players should be taken into account and when investing.

Partnership is not supposed to be one-sided, there must be a connection as always to avoid money losses because of being greedy when it comes to profits.

Investing as part of the house will mean you also accept the risk of losing your funds alongside the house since you will be sharing the risk as an investor. That is why it is not an investment you should consider if you are planning to invest everything you have hoping for sure profit because no investment guarantees this, risk will always be eminent.

[TheUltraElite]

Bankroll investment IS a long term investment like more than 2-3 years is ideal.

I have tried the crypto-games bitcoin investment for 1year turning my 0.1 BTC to 0.15 BTC approximately leaving out the small withdrawal fee. This was back in 2016 when bitcoin price will still below 1k USD. So if you have some excess coins laying around in wallet and want to take the risk and allow them to grow a bit while you take a time out from trading on them then it is a good option to go for.

Possible risks are (in general):
1. Site goes out of business one fine day.
2. Site turns scam. Again this is a general risk. Crypto games is a very trusted site, but I am speaking in general.
3. Site bankroll robbery/hack
4. The coin you invested is not immediately divestable without a early withdrawal penalty fee.

Does a high roller matter to the investors? Essentially No. Because the long term simulation of any EV- game is profit for the casino/investors and loss for the players. Since you are in it for the long term, you are essentially covered from long term losses. On short term you may see some losses in balance sheet, but keep patience and you will see figures go up.

[Pmalek]

When I first saw the thread I though you were talking about investing in new gambling sites who are just starting out. I thought to myself how is that any different from ICO/IEO.
I am glad to see well renowned names on that list.

Just to make sure I understood the site properly. The first site that needs investments is bustadice. A total investment of 4,926 BTC is needed which can make the investors a profit of 1,278.7 BTC.
Did I interpret this properly?

[amishmanish]

When I first saw the thread I though you were talking about investing in new gambling sites who are just starting out. I thought to myself how is that any different from ICO/IEO.
I am glad to see well renowned names on that list.

Just to make sure I understood the site properly. The first site that needs investments is bustadice. A total investment of 4,926 BTC is needed which can make the investors a profit of 1,278.7 BTC.
Did I interpret this properly?

That BR means it is just the bankroll amount. That is the money the site has which investors have invested to support the betting operation for site. On this investment, the profit made by investors since the beginning is 1278 BTC.
That is not the investment needed. That would be humungous. Though what i don't get is then why wouldn't more and more people be doing that? Like Ultra mentioned in comment above,a 50% return in a year is huge. (though not in 2016 surely  ).

[swogerino]

I think that it was worth in the past when the crypto casinos had their boom a few years ago.I think it still is but not in the same level as few years before.In the long run if you invest like 10 Btc in a highly reputable crypto casino probably you will be in profit.

The profit will be slow but I think it will be a sure thing as big trusted casinos have a lot of users in their database who spend money there.

[Bitinity]

I'm not a type of investor on a gambling site, but afaik it worth the risk since the house always win but it will take long time till you make a nice profit from the investment unless you put a huge amount of money. Anyway just a small correction, not all sites listed on dicesites.com accepts investment such as primedice and yolodice.

[AniviaBtc]

I think that it was worth in the past when the crypto casinos had their boom a few years ago.I think it still is but not in the same level as few years before.In the long run if you invest like 10 Btc in a highly reputable crypto casino probably you will be in profit.

There are some casinos nowadays, that are always have minor errors and it is not safe for the customer to use that. Even the famous casinos have that, for example is the FortuneJack, it has a variety of problem in terms of withdrawal so that people are having bad reviews and rating but hopefully the are working on it every time they see reports about it. So they still have those trust of the customers because of the immediate fixing of errors so the money of the customers are secured.

The profit will be slow but I think it will be a sure thing as big trusted casinos have a lot of users in their database who spend money there.

There is no easy money in this world, you really need to invest and take risk in order for you to earn profit. It is not easy but in the end, the results are very worth it. Legit casinos are good source of profit because if you really want to invest in gambling, they're always there.

[Latviand]

I might invest few of my funds, since the odds of the house winning on these online gambling casinos is greater than the actual gambler winning.

why invest only a few when you are already sure that the gambling site will more likely to win  ? you shouldnt limit your self buddy  . i havent tried investing on a casino before but i am just a player and i loose more often  .  it seems that the more i play the more i loose , so it means that gambling site really earns alot   .

Though before investing, always check the legitimacy of the site.

this is the most important part to consider before investing   . there are old age sites out there that offers investment ,  like for example bitvest  , cryptogames   , ( to name a few  )

I would say that not all gambling sites are earning a lot, just think of how many gambling sites are existing already and how many gambling sites are being created every month. It simply means that the competition is growing everyday which makes it somewhat hard to earn profit for the gambling sites and also, many players are into 'one' gambling site, the site in which they are playing most of the time. The competition also is giving promotions or discounts and not all gambling sites can afford giving that much just to make a gambler stay into their gambling site, which I think is the problem for gambling sites nowadays.

I'm not a type of investor on a gambling site, but afaik it worth the risk since the house always win but it will take long time till you make a nice profit from the investment unless you put a huge amount of money. Anyway just a small correction, not all sites listed on dicesites.com accepts investment such as primedice and yolodice.

Not to mention that there are many shareholders to most of the gambling sites which makes the profit from investing, small, if the amount that you invest is not that much.

[bitcoin31]

I invested to the gambling sites before and I got a good profit but it is not a lot of money because my investment there is not big.
If you want a big profit you need to invest a lot of money too because the percentage that offer of the gambling sited is very big I think few bitcoins is enough to fullfill your profit you need so you can say investing in gambling is worth it.