Will you invest on this kind of offer?

[dimonstration]

I recently read this topic https://bitcointalk.org/index.php?topic=5483853.0 about bankroll and I become curious to know what’s forum member opinion about my wild idea on bankroll investment.

First of all, I really hate loaning for gambling because of the interest and repayment date of the loan so I think about a better way on how to borrow money without paying interest just to fulfill gambling.

Let’s assume that you can’t gamble because you don’t want to move your crypto outside your air gap wallet or your coins is currently on time lock stake.

I’m thinking about offering a bankroll investment. I will let interested user to invest on my bankroll and share profit. The advantage on this offer is I will refund the investment in case my bankroll loss since I will consider this a loan money without any interest. It’s either share profit or refund but the only catch is all investors need to wait for the certain date which I will set before the investment start.


PS: This is not real bankroll offer but just a hypothetical idea just to know if the community will like this kind of offer. This is only possible for user that has good reputation since trust is the main issue here. This method might help someone who regularly loan for gambling to stop paying loan interest in exchange of profit sharing.

[1714956246]

1714956246

[un_rank]

To ensure I understand you... In a situation where you do not want to move funds from your wallet, others should crowdfund your balance which you would gamble with and share profits based on a certain percentage determinant. And if you lose, you would refund using the finds you did not want to move in the first place?

Correct me if I got any part wrong?

- Jay -

[Oshosondy]

Have a better plan than looking for ways to loan. Calling this an investment is wrong because gambling is risky and the money people borrowed you may all be gone to gambling and you will have no other option than to pay from your staked money or your money on air gap wallet.

Have a good plan. Set the money for gambling aside. Do not let it be too much money but small amount of money. Someone thinking about gambling like you may be the start of an addiction. If you disappoints your lenders, I will not be surprised.

[Viscore]

I think it's a different kind of bankroll.  In my own understanding, the OP of that thread talks about bankroll investment or investment in a casino's bankroll where it's use for their operation, and since casino's are profitable, the investment will grow in numbers and overtime its value will also grow, that's why there's a word "HODL" stated in the OP.

believe it’s a good way to “HODL” your bitcoin.

[mindrust]

There aren't many casinos that do it anymore... Most casinos I knew, shut their operations down in the past. The only one that comes very close is freebitco.in but they give you flat 4% compounding annual interest instead of sharing the casino profits. That is still quite nice and freebitcoin has been around nearly for a decade so they are as trustworthy as a business can get. As far as I know there is no other way to make 4% or more for your btc in a passive way. You can get more than 10% passive annual return on your USDT at binance but that's a FIAT investment.

[Fatunad]

PS: This is not real bankroll offer but just a hypothetical idea just to know if the community will like this kind of offer. This is only possible for user that has good reputation since trust is the main issue here. This method might help someone who regularly loan for gambling to stop paying loan interest in exchange of profit sharing.

Trust would really be the main issue on here on which we do know that this is something that couldnt really be blamed on because if they would really be trying out to pass some funds into other people online
then it would really be needing up some assurance that their money is safe and wont really be having the risks on getting scammed. Sorry to say but you cant trust no one on online world or crypto on which
anyone could ran off even if they do have that honest intensions.

So here's some few questions.

1. What assurance that you would be giving to those people who would be tending to invest on for bankroll?
2. What would be the % sharing up?
3. How you would prove out that you do have a good winning rate in gambling?

If ever you would be able to answer it up and able to convince people to throw up some bucks then it means you have succeed.

[alastantiger]

I like this idea but you must think it through it thoroughly. You know how very risky gambling is and setting up an investment like this is way too risky in my opinion. You need to think it through properly so that you are sue to court for a breach. You can not be sure of winning all the time. It is better to use your money and retain your peace than to depend on other people's money.

If you have a business consultant in your circle, then share the idea with them. He or she will be able to give you guidance from a business point so that you can see the pros and cons and make a guided decision. Gambling is not a think you try to use other people's money to do.

[bettercrypto]

I recently read this topic https://bitcointalk.org/index.php?topic=5483853.0 about bankroll and I become curious to know what’s forum member opinion about my wild idea on bankroll investment.

First of all, I really hate loaning for gambling because of the interest and repayment date of the loan so I think about a better way on how to borrow money without paying interest just to fulfill gambling.

Let’s assume that you can’t gamble because you don’t want to move your crypto outside your air gap wallet or your coins is currently on time lock stake.

I’m thinking about offering a bankroll investment. I will let interested user to invest on my bankroll and share profit. The advantage on this offer is I will refund the investment in case my bankroll loss since I will consider this a loan money without any interest. It’s either share profit or refund but the only catch is all investors need to wait for the certain date which I will set before the investment start.


PS: This is not real bankroll offer but just a hypothetical idea just to know if the community will like this kind of offer. This is only possible for user that has good reputation since trust is the main issue here. This method might help someone who regularly loan for gambling to stop paying loan interest in exchange of profit sharing.

My only question is, why did you think of doing this to find people who would be interested in investing in your bankroll? As far as I can see, you don't trust that any investors who trust you will actually have a share profit?

Are there any investors who will trust you? I don't have anything personal to say about this op; I just asked this so that potential investors are aware of your offer.

[_act_]

There aren't many casinos that do it anymore... Most casinos I knew, shut their operations down in the past. The only one that comes very close is freebitco.in but they give you flat 4% compounding annual interest instead of sharing the casino profits. That is still quite nice and freebitcoin has been around nearly a decade so they are as trustworthy as a business can get. As far as I know there is no other way to make 4% or more for your btc in a passive way. You can get more than 10% passive annual return on your USDT at binance but that's a FIAT investment.

I will prefer to leave my coin on a self custody wallet that I know I have my control than to invest my coin on a centralized platform that can go away with my money. The way bitcoin will increase, it can give me the 4% interest in just a small amount of time. There is not going to be anything better than hold than to invest in this type of investment.

[Amphenomenon]

There is an high risk involve and its somehow similar to getting loan with interest but except that here, you don't pay the interest fee if you lose instead, pay back the loan amount and you share the profit if you win, while this may seem okay but there's still chances that sometimes the profit sharing is bigger than the interest and also these clients will have to consider or state how the profit would be shared.

Only few people would be interested in this offer, since giving loan with interest gives them surety of earning more when their money return while this offer will give them surety of getting their money back at least without no interest since we know the risk in gambling, there are more likely chances of lost which will lead to profit sharing than wins.

[Eternad]

PS: This is not real bankroll offer but just a hypothetical idea just to know if the community will like this kind of offer. This is only possible for user that has good reputation since trust is the main issue here. This method might help someone who regularly loan for gambling to stop paying loan interest in exchange of profit sharing.

If you will escrow your funds to a trusted escrow here then this offer might be spooked without relying solely on trust. Even though reputable user gone rogue in the effect of gambling addiction so it’s better to ensure investors safety always if you want someone who will ride on this offer.

One word. yogg ! He is a very reputable user and the creator of Coldkey yet he decided to ruin his account reputation including his product just because he becomes addicted on gambling. Let’s stop creating more yogg in the forum by relying only with trust when money is involved.

[Fivestar4everMVP]

This idea is not at all new to me, as this is very popular means through which professional Forex traders some times in those days used; to raise money from their Forex trades, I also in those days have invested in the bankroll of some Forex traders since I myself didn't know how to trade at the time, they claimed to be professional traders, but at the of the day, I ended up not getting my money back.

First and foremost, I would advice everyone to avoid gambling when ever they don't have money for it, do not take a loan, and again, it did make sense for us to know that, loan is a loan, no matter how we try to paint it, as long as money we are gambling with is not ours, its still a loan, and such is to be completely avoided.

[dimonstration]

To ensure I understand you... In a situation where you do not want to move funds from your wallet, others should crowdfund your balance which you would gamble with and share profits based on a certain percentage determinant. And if you lose, you would refund using the finds you did not want to move in the first place?

Correct me if I got any part wrong?

- Jay -

This correct interpretation.

1. What assurance that you would be giving to those people who would be tending to invest on for bankroll?
2. What would be the % sharing up?

I still didn’t come to this kind of specifics since I didn’t plan to make this a reality for now. Profit sharing is probably based on the ratio of the investment to the total pool.

3. How you would prove out that you do have a good winning rate in gambling?

A screenshot of a casino stats for PnL can be use as proof regarding this inquiry. It’s easy to request this info on the casino support since I’ve done this many times on different casino to check my overall progress.

To be clear here, I’m not offering this kind of scheme but rather I just want to know if this kind of model is still can attract potential participants.

[mindrust]

There aren't many casinos that do it anymore... Most casinos I knew, shut their operations down in the past. The only one that comes very close is freebitco.in but they give you flat 4% compounding annual interest instead of sharing the casino profits. That is still quite nice and freebitcoin has been around nearly a decade so they are as trustworthy as a business can get. As far as I know there is no other way to make 4% or more for your btc in a passive way. You can get more than 10% passive annual return on your USDT at binance but that's a FIAT investment.

I will prefer to leave my coin on a self custody wallet that I know I have my control than to invest my coin on a centralized platform that can go away with my money. The way bitcoin will increase, it can give me the 4% interest in just a small amount of time. There is not going to be anything better than hold than to invest in this type of investment.

Self custody is the safest play of course but one cannot make profits unless he is willing to take some risks... To some people, holding bitcoin itself is a risk. Do you keep all your wealth in btc? If you say no, then it means you are managing your risks and following a certain risk management logic.

This 4% interest is for bitcoin. Your bitcoin will simply get multiplied by 1.04%+ (it is daily compounding) every year, so when bitcoin goes up against the dollar, you will make even more money. Nobody is telling you to put all your savings there. I surely don't do that but I keep some and they are multiplying every day and that feels damn nice.

I keep some USDT at binance and they multiply also and that feels nice too.

[Natsuu]

Maybe. Youre suggesting a cool idea where people can pitch in money for your gambling adventures, and if you win, they get a share. But if things go south, you promise to give their money back. It's like a group gamble with a safety net. Of course, the catch is, everyone has to trust you, so building a solid reputation is key here. Make sure the terms are crystal clear for everyone to get on board

[yahoo62278]

If the game model looks good and attractive, if the person behind the project asking for investors is semi known with a decent reputation, and if there is a way to protect myself from them running away I might be willing to take a chance on an investment. Sending money to an unknown person and hoping they don't run off seems a bit too risky for me.

Never know though, only risk what you can afford to lose.

[cabron]

It's been a while since I saw some casinos offering bankroll investments. Not sure if Bitvest still do it but I have seen they were doing this bankroll before. Once a casino is reputable I think it's not going to be haard for them to find bankroll investors.

I remember there was a user who created his bankroll investment journey, he was documenting it while he tested bankroll investment in one of the casinos. I wasn't following that thread anymore but I think he was making some money.

[Yatsan]

I recently read this topic https://bitcointalk.org/index.php?topic=5483853.0 about bankroll and I become curious to know what’s forum member opinion about my wild idea on bankroll investment.

First of all, I really hate loaning for gambling because of the interest and repayment date of the loan so I think about a better way on how to borrow money without paying interest just to fulfill gambling.

Let’s assume that you can’t gamble because you don’t want to move your crypto outside your air gap wallet or your coins is currently on time lock stake.

I’m thinking about offering a bankroll investment. I will let interested user to invest on my bankroll and share profit. The advantage on this offer is I will refund the investment in case my bankroll loss since I will consider this a loan money without any interest. It’s either share profit or refund but the only catch is all investors need to wait for the certain date which I will set before the investment start.


PS: This is not real bankroll offer but just a hypothetical idea just to know if the community will like this kind of offer. This is only possible for user that has good reputation since trust is the main issue here. This method might help someone who regularly loan for gambling to stop paying loan interest in exchange of profit sharing.

Will be hard to actualize, first of all trust will be an issue. Also the concept itself is a  bit complicated; more peopl has access to fund, then the more it will be easily consumed. The idea is simple, if you don't have money to gamble, then don't. The amount we should be using in gambling is spare money as we all know. If you are being too pushy of circumstances then you should be worried that you are being too hooked with gambling which of course is unwanted to avoid addiction. If you are already willing to gamble a borrowed money, therefore you could also be on the extent of losing some of what you have or things under your properties, not to exaggerate but be realistic. Much better to be preventive of oneself to be in such condition or state.

Maybe. Youre suggesting a cool idea where people can pitch in money for your gambling adventures, and if you win, they get a share. But if things go south, you promise to give their money back. It's like a group gamble with a safety net. Of course, the catch is, everyone has to trust you, so building a solid reputation is key here. Make sure the terms are crystal clear for everyone to get on board

To how I understood it, everyone could make use of the bankroll. But if this is the case, that the 'leader' is the only one who could make use of the capital or bankroll then that would be more likely questionable. Given that confusion is happening, even if this is just hypothetical, it will all boil down to just gamble your money but be sure it will not be borrowed but rather just a portion of your income that you can afford losing by any case.

[Findingnemo]

I will not be interested in this offer because I know how to make investments in the bankroll of a casino and also can analyze which casino I can trust and what can I expect from the investment. Only people who is having huge money may be interested if they don't have time to do these things so this may not bring more offers to you but what can be interesting is, you can offer the similar service and take the profit in commission basis and let them to invest on their own.

[ajiz138]

Not interested in this kind of investment offer because maybe for me too risky, will not take any action if not in line with my thoughts.

Maybe this is a different kind of bankroll investment offer because you are the one betting not the casino that is operating all this, now the doubt is that if you will lose more will it be returned while you will be able to do that?

I think the concept is a bit different from other bankrolls but from my own understanding it is less attractive even though there is a profit sharing if your bet wins.