GAMBLING SITE INVESTMENT

[Natalim]

Whoever thought it was easy money was wrong anyway...

Absolutely, 100% wrong.
Easy money is not the thing here in crypto, the risk is high so you can't say easy money.
Investing might be profitable but does it gave easy money, look at OP's output, he is in profit but 0.0006btc is not an easy money.

Its still gambling but youre on the side of the house....
He is in profit and its "only" been 3 months, alot can change and its just been a rough patch.

Maybe the timing is just bad to stop, the thing is, investing in casinos should be profitable as casinos wins most of the time and you need patience to cash out with a good and satisfying profit and it should not be now.

[Ziskinberg]

BTW, it strikes me, cashing out using online casino might be a good way to work around restrictions (if any) imposed by the country financial bodies on exchange operators.

I think what he meant was withdrawing crypto investment from a casino.. I like to know if there are casinos who gives you an option to withdraw your coins into fiat, because I've never seen one.

[FatFork]

BTW, it strikes me, cashing out using online casino might be a good way to work around restrictions (if any) imposed by the country financial bodies on exchange operators.

I think what he meant was withdrawing crypto investment from a casino.. I like to know if there are casinos who gives you an option to withdraw your coins into fiat, because I've never seen one.

Yes, there are casinos that allow deposits in crypto and withdrawals in fiat. I can't remember exactly which one now but I can find it if you really want.
But, as far as I have seen, exchange rates are not very favorable. I’m not sure this is a good option for currency conversion.

[freedomgo]

BTW, it strikes me, cashing out using online casino might be a good way to work around restrictions (if any) imposed by the country financial bodies on exchange operators.

I think what he meant was withdrawing crypto investment from a casino.. I like to know if there are casinos who gives you an option to withdraw your coins into fiat, because I've never seen one.

Yes, there are casinos that allow deposits in crypto and withdrawals in fiat. I can't remember exactly which one now but I can find it if you really want.
But, as far as I have seen, exchange rates are not very favorable. I’m not sure this is a good option for currency conversion.

I'm also interested with that, it's alright if the exchange rate is not based on the standard market as long as you can withdraw in fiat instantly, of course they need to make money on that as well, so it's understandable. If you remember soon, please share it here, that would be helpful.

[FatFork]

I'm also interested with that, it's alright if the exchange rate is not based on the standard market as long as you can withdraw in fiat instantly, of course they need to make money on that as well, so it's understandable. If you remember soon, please share it here, that would be helpful.

These are so-called hybrid casinos. They usually give the option of depositing in cryptocurrencies, which are immediately converted into fiat amounts.
One that currently comes to mind (although I’m sure I’ve seen more of them) is BitStarz:
https://www.bitstarz.com/btc-to-eur-exchanger

[freedomgo]

I'm also interested with that, it's alright if the exchange rate is not based on the standard market as long as you can withdraw in fiat instantly, of course they need to make money on that as well, so it's understandable. If you remember soon, please share it here, that would be helpful.

These are so-called hybrid casinos. They usually give the option of depositing in cryptocurrencies, which are immediately converted into fiat amounts.
One that currently comes to mind (although I’m sure I’ve seen more of them) is BitStarz:
https://www.bitstarz.com/btc-to-eur-exchanger

Thanks for the suggestion but I think I would not gamble with the site, this site has a bad reputation in the forum, it has a flagged as we can see in here.

https://bitcointalk.org/index.php?action=trust;u=307265

and their scam accusation threads.

https://bitcointalk.org/index.php?topic=5184266.0
https://bitcointalk.org/index.php?topic=5186509.0

[snipie]

I hope there will be a lot of losers next month LOL, haha 

That's too morbid 

Plot twisted when you are rolling there too

Its a passive income, yes it might be small right now but its passive. OP doesnt need to learn about trading or gamble his money an hope to win.
He just invests, waits and makes a small passive income on the side.

That's might be true in the long run (years) but in the first weeks or even months there is no guarantee that you will stay positive, you might lose even an important part of your funds.

[yazher]

It's low profit, but its passive income, how much money do you expect to make with 0.05 btc investment? And don't compare passive income from this or any other way with trading, trading can eat your money if you don't know how to trade.
Is this a weekly payout? If it is, it's not bad, I will think about investing in their bankroll too.

If there was a legit cloud mining, this amount is enough for someone to receive a decent amount of money weekly but those days are now gone and sadly they all turn to scam. nowadays, the only offer you can see is from those investment methods double your money in a month which clearly a red light because its a scam after all. The only good thing about investing your money on trading is you are the one who control it and if you are lucky to choose the right coin to invest your money with, it could double your capital or more.

[FatFork]

Thanks for the suggestion but I think I would not gamble with the site, this site has a bad reputation in the forum, it has a flagged as we can see in here.
<cut>

Yes, I am aware of their bad reputation and I do not encourage anyone to deposit their funds with them. Everyone needs to do their own research before making any investment decision and this includes gambling.
I just cited them as an example of a casino that allows crypto to fiat conversion.

[snipie]

It's low profit, but its passive income, how much money do you expect to make with 0.05 btc investment? And don't compare passive income from this or any other way with trading, trading can eat your money if you don't know how to trade.
Is this a weekly payout? If it is, it's not bad, I will think about investing in their bankroll too.

If there was a legit cloud mining, this amount is enough for someone to receive a decent amount of money weekly but those days are now gone and sadly they all turn to scam. nowadays, the only offer you can see is from those investment methods double your money in a month which clearly a red light because its a scam after all. The only good thing about investing your money on trading is you are the one who control it and if you are lucky to choose the right coin to invest your money with, it could double your capital or more.

No one will give money for thousands of people for free. Cloud mining is pure scam and even the most legit ones used to have high fees for maintenance. And why should any organisation share their profits in the first place?
For gambling sites, investment is intended to grow the house and a part of their profits or losses are shared with investors. It is a strategy for the house to reduce its losses at the price of sharing a part of its profits with others.

[Yatsan]

It's low profit, but its passive income, how much money do you expect to make with 0.05 btc investment? And don't compare passive income from this or any other way with trading, trading can eat your money if you don't know how to trade.
Is this a weekly payout? If it is, it's not bad, I will think about investing in their bankroll too.

If there was a legit cloud mining, this amount is enough for someone to receive a decent amount of money weekly but those days are now gone and sadly they all turn to scam. nowadays, the only offer you can see is from those investment methods double your money in a month which clearly a red light because its a scam after all. The only good thing about investing your money on trading is you are the one who control it and if you are lucky to choose the right coin to invest your money with, it could double your capital or more.

No one will give money for thousands of people for free. Cloud mining is pure scam and even the most legit ones used to have high fees for maintenance. And why should any organisation share their profits in the first place?
For gambling sites, investment is intended to grow the house and a part of their profits or losses are shared with investors. It is a strategy for the house to reduce its losses at the price of sharing a part of its profits with others.

I just want to add that, if the house win, it will not divided as a whole because as far as I know when I read the info about Yolodice they are getting the 50% of the total profit based on their proportion and the other 50% will be divided to the investors. So if my profit is 0.0006, it should be 0.0012 without Yolodice fee. That's what I think on why they are opening their bankroll, please correct me if I am wrong 

[bitbunnny]

Its a passive income, yes it might be small right now but its passive. OP doesnt need to learn about trading or gamble his money an hope to win.
He just invests, waits and makes a small passive income on the side.

Not a very interesting investment if you'll ask me, the return was too small, and considering the risk that we entrust our money to the casino, I think that risk is high enough for you to think twice before continuing to consider investing as a passive income.

Before, we thought that investing in a casino would bring easy money as they win most of the time, but what OP has showed is the evidence and the reality.

It's not very interesting and exciting investment, yes, that is true, however if you have some small amount you don't need and can just forget about it for a longer period of tine, why not, it's a kind of passive income. It's not big profit, but isn't the investment either and the risk is minimal.

[glowing10]

@Yatsan - Good news for you as some whales have lost big in gambling and this would have resulted you in making some decent profits from it. Almost close to 20BTC profits in one go to Yolo site and this would bring smile on all the investors who had invested in this bankroll. Those who had withdrawn some time before missed this ride.

[snipie]

I just want to add that, if the house win, it will not divided as a whole because as far as I know when I read the info about Yolodice they are getting the 50% of the total profit based on their proportion and the other 50% will be divided to the investors. So if my profit is 0.0006, it should be 0.0012 without Yolodice fee. That's what I think on why they are opening their bankroll, please correct me if I am wrong 

Correct tho, or at least partially, there is that expected / actual profit that confuses me a little.
BTW check your stats right now, a guy loss a huge amount 1 hour ago and all negative investment turned positive. I think you have all time high today lol

[sunsilk]

Its a passive income, yes it might be small right now but its passive. OP doesnt need to learn about trading or gamble his money an hope to win.
He just invests, waits and makes a small passive income on the side.

Not a very interesting investment if you'll ask me, the return was too small, and considering the risk that we entrust our money to the casino, I think that risk is high enough for you to think twice before continuing to consider investing as a passive income.

Before, we thought that investing in a casino would bring easy money as they win most of the time, but what OP has showed is the evidence and the reality.

I think everyone did thought of that. That investing in casinos are easy but whether it's a small gain, it's still profit. The good side of it is you don't actually have to beat the house but you are with the house.

So, depending the amount you have invested with them and how much they have earned, you'll always with them. There are two benefits in choosing to invest to bankroll casinos, first is that you are with them and you'll get a passive income. Next, aside receiving the profits as you invest with them, you are also holding it which if you think that the price is right to sell, you can withdraw it and sell it for profit.

[erikoy]

Correct tho, or at least partially, there is that expected / actual profit that confuses me a little.
BTW check your stats right now, a guy loss a huge amount 1 hour ago and all negative investment turned positive. I think you have all time high today lol

Well, it depend on the site where he had made an investment.

Most likely investment really is good to make gains. In this case in gambling since it was encourage for those who like to invest and gain profits might be sound too good. I think many will be going to have an interest in this matter and pretty sure promoting thr gambling site would not be difficult if all who had invested will take their part to promote the project.

Well see what happen later on following on this investment on gambling site.

[Google+]

I just want to add that, if the house win, it will not divided as a whole because as far as I know when I read the info about Yolodice they are getting the 50% of the total profit based on their proportion and the other 50% will be divided to the investors. So if my profit is 0.0006, it should be 0.0012 without Yolodice fee. That's what I think on why they are opening their bankroll, please correct me if I am wrong 

Correct tho, or at least partially, there is that expected / actual profit that confuses me a little.
BTW check your stats right now, a guy loss a huge amount 1 hour ago and all negative investment turned positive. I think you have all time high today lol

nah good work when many people experience a lot of losses then it can be used as fresh air for investors who entrust their money to the bankroll and can get more income than before. at least the investment here can be to secure assets without having to fear loss such as if trading or gambling.

[examplens]

..

How long is your investment on Yolo dice?
Just reading they have a some bonus for a long time investments 2% dilution fee, after a month and a half of my investment there, still haven't anything from there. Even if in the last few days we have more new investors. Can you check it?
I guess @Yatsan also can have useful info about this bonus.

[chaser15]

Not a very interesting investment if you'll ask me, the return was too small, and considering the risk that we entrust our money to the casino, I think that risk is high enough for you to think twice before continuing to consider investing as a passive income.

Before, we thought that investing in a casino would bring easy money as they win most of the time, but what OP has showed is the evidence and the reality.

The purpose though why OP did some tests, to see if it's actually worth in the long-run.

And besides, thinking about putting money on the gambling site's bankroll as a safe and sure profit investment shouldn't be encouraged.

That's why I'm amazed at OP for risking a decent amount to give us an overview.

[Tytanowy Janusz]

How long is your investment on Yolo dice?
Just reading they have a some bonus for a long time investments 2% dilution fee, after a month and a half of my investment there, still haven't anything from there. Even if in the last few days we have more new investors. Can you check it?
I guess @Yatsan also can have useful info about this bonus.

My investment is close to 2.5 month old. I went through whole website and didn't find any bonus. Where did you read about it?

BTW Looks like investors are back. My share dropped almost to the point, where it was before doge pump.