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Author Topic: How profitable Is investing in a crypto casino or sportbook?  (Read 343 times)
RealMalatesta
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August 18, 2022, 07:10:54 PM
 #41

Not really much because there are so many risk need to consider that's why many people said that its not really profitable. Imagine how high the volatility of the market so if you bought yours at the high price then it suddenly drop then this is a huge lose for you and even if the price pump still the earning is few so I guess this investment option on casino is not really worth it if you are a short term thinker. But if you just want to multiply your bitcoin then can able to hold then this might quite decent way for you to earn some returns on your capital used.
I would guess that if you invest into a token of a casino then you could end up losing. But, if the talk is about actually owning one, then I would guess there is a good chance it could be good. I am not saying that it's guaranteed income, but with the house edge, it is quite hard to have a casino business that loses money when you know what you are doing. Only trouble is that people think they can start a good casino business with just a few thousand dollars.

At this point, gambling world is so saturated that I would guess one million dollars to start one should be standard, and not even a lot, just common, anything below that means you may not grow big enough to start profiting, the operational costs will be higher than the regular losses.
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Oilacris
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August 18, 2022, 09:56:06 PM
 #42

Not really much because there are so many risk need to consider that's why many people said that its not really profitable. Imagine how high the volatility of the market so if you bought yours at the high price then it suddenly drop then this is a huge lose for you and even if the price pump still the earning is few so I guess this investment option on casino is not really worth it if you are a short term thinker. But if you just want to multiply your bitcoin then can able to hold then this might quite decent way for you to earn some returns on your capital used.
I would guess that if you invest into a token of a casino then you could end up losing. But, if the talk is about actually owning one, then I would guess there is a good chance it could be good. I am not saying that it's guaranteed income, but with the house edge, it is quite hard to have a casino business that loses money when you know what you are doing. Only trouble is that people think they can start a good casino business with just a few thousand dollars.

At this point, gambling world is so saturated that I would guess one million dollars to start one should be standard, and not even a lot, just common, anything below that means you may not grow big enough to start profiting, the operational costs will be higher than the regular losses.
Buying their dedicated coins wont really be that considered to be part of the company or simply trying out to compare on actual share or stocks on it.Movement of those coins isnt something
that would guaranteed out profits even if you do held huge numbers of it which it wouldnt really ensure about profitability.Speaking about investing then it would really be talking about house capital
or funding just like we are seeing on some sites like Bustabit where you could really make out investment on a bankroll which you could really see on how much the site is earning
which would give you the idea and able to calculate it out.

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August 18, 2022, 09:59:15 PM
 #43

Not very profitable.

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