Investing in casinos: Still a thing?

[pinggoki]

I've been wanting to increase the number of my long-term crypto investments for a while now and I've already got like a good amount of BTC that I can comfortably invest without pulling out and I've checked Bitvest just out of curiosity and I've seen that you can invest in their website, I think I've seen it with Bustabit and Bustadice too back then, are they still doing that or is there like a lot of new casinos that are offering this kind of thing, I can't recall how it works when you invest in them so I'm going to ask (although I feel like stupid forgetting how it works), how does it work? And are there any other trusted casinos that are offering this investment? Is it a bad investment?

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[SmartGold01]

At first I will like to suggest you moved this topic to altcoin discussion section where it's best suited that here, then back to your question I have never invested in a casino token before. But if you feels they can do well for long run then what stops you from trying it out like I can see bitvest seems to be old project and I believe they have gained lot of ground over here, and If not that you said you gain lots of bitcoin I will also encourage you to keep toping your bitcoin by doing DCA.

[btc_angela]

I've been wanting to increase the number of my long-term crypto investments for a while now and I've already got like a good amount of BTC that I can comfortably invest without pulling out and I've checked Bitvest just out of curiosity and I've seen that you can invest in their website, I think I've seen it with Bustabit and Bustadice too back then, are they still doing that or is there like a lot of new casinos that are offering this kind of thing, I can't recall how it works when you invest in them so I'm going to ask (although I feel like stupid forgetting how it works), how does it work? And are there any other trusted casinos that are offering this investment? Is it a bad investment?

There was a recent thread about it here,

• Investment in gambling
• Are people still interested in bankroll investment ?

But if you look at it, yeah we haven't been hearing about it for the last 5 years or so. I remember way back 2018-2019, it was one of the hottest topic, there were even one member here who updated it weekly or monthly to see if he is making profit or not.

There are few casinos that have their own token if I'm not mistaken, like BFG for BetFury and OWL for OwlGames. However, not sure if they are still are still offering or not.

So for me, it's not longer the hype that we have like years ago but maybe there are still some offers from reputable casinos still in existence.

[Helena Yu]

It's simple, if the majority of gamblers are loss, you will earn profit. But if the majority of gamblers are in profit, you will loss.

Each casino has it's own rules about the bankroll investment, some casino ask to high minimum amount, some have commission fees, so they will deduct your profit for few % when you withdraw your investment etc.

At first I will like to suggest you moved this topic to altcoin discussion section where it's best suited that here, then back to your question I have never invested in a casino token before. But if you feels they can do well for long run then what stops you from trying it out like I can see bitvest seems to be old project and I believe they have gained lot of ground over here, and If not that you said you gain lots of bitcoin I will also encourage you to keep toping your bitcoin by doing DCA.

Dude, he's talking about bankroll investment, not invest in casino token, so this thread is appropriate to be posted at gambling board.

[pinggoki]

At first I will like to suggest you moved this topic to altcoin discussion section where it's best suited that here, then back to your question I have never invested in a casino token before. But if you feels they can do well for long run then what stops you from trying it out like I can see bitvest seems to be old project and I believe they have gained lot of ground over here, and If not that you said you gain lots of bitcoin I will also encourage you to keep toping your bitcoin by doing DCA.

No, I'm not talking about a gambling token, what part did I say that I would be investing any altcoins? I clearly said I have a hefty amount of bitcoin right? I'm talking about investing my bitcoin in their pot money or something like that where my investment contributes to the growth of the jackpot. I'm not talking about feelings or what I want to feel, I'm asking what it is and if it's still a thing. To ease your mind, yes, I still do DCA even though I plan to invest my bitcoin to a casino, that's why I've got a hefty amount of bitcoin in my possession, it's because I DCA.

~

But if you look at it, yeah we haven't been hearing about it for the last 5 years or so. I remember way back 2018-2019, it was one of the hottest topic, there were even one member here who updated it weekly or monthly to see if he is making profit or not.

There are few casinos that have their own token if I'm not mistaken, like BFG for BetFury and OWL for OwlGames. However, not sure if they are still are still offering or not.

So for me, it's not longer the hype that we have like years ago but maybe there are still some offers from reputable casinos still in existence.

Thanks for the redirect to the recent threads, appreciate that. That's why I've created this topic, because I suddenly remembered that too besides the Bitvest curious visit part, I do remember that user doing updates, I forgot the name. It's called bankroll investment right? Man I really hope that I can find some that still do this, been wanting to do this for a long time, I've read about that topic and it's really an awesome returns that he's getting. What caused the hype to die down though? I don't get why that can happen on something that can make you some money right?

[nelson4lov]

I remember when bankroll investments were still a thing with early casinos in the forum. But I have since not seen anything like that. I don't know if the business wasn't profitable enough for casino owners or for investors of the bankroll but it just wasn't much of a big deal myself. These newer crypto native gambling platforms just go with the good old VC/Accredited investors raise. For instance, Shuffle recently announced their recent raise (angel + seed I think).

This might be the new meta for gambling platforms because if a gambling platform just allows anyone from any jurisdiction (not validated by KYC) to invest in the bankroll, it might even have legal implications especially now that regulations for crypto is stricter than ever.

Still is just a speculation on my part. I'd still like to know what happened to the old style of investing in casinos and how one can invest in newer casinos like BcGame, Stake, etc without being an angel or accredited investor.

[SmartGold01]

It's simple, if the majority of gamblers are loss, you will earn profit. But if the majority of gamblers are in profit, you will loss.

Each casino has it's own rules about the bankroll investment, some casino ask to high minimum amount, some have commission fees, so they will deduct your profit for few % when you withdraw your investment etc.

Snip

Dude, he's talking about bankroll investment, not invest in casino token, so this thread is appropriate to be posted at gambling board.

Okay I understand now that how was I comprehended it as investment, I will say my bad.

[Fortify]

I've been wanting to increase the number of my long-term crypto investments for a while now and I've already got like a good amount of BTC that I can comfortably invest without pulling out and I've checked Bitvest just out of curiosity and I've seen that you can invest in their website, I think I've seen it with Bustabit and Bustadice too back then, are they still doing that or is there like a lot of new casinos that are offering this kind of thing, I can't recall how it works when you invest in them so I'm going to ask (although I feel like stupid forgetting how it works), how does it work? And are there any other trusted casinos that are offering this investment? Is it a bad investment?

The well established casinos and sportbooks are already rolling in money right now, they are not looking to give up a slice of that money making machine - why would they? It's also very unlikely that, even collectively, "investors" would contribute a meaningful amount to their bankroll. That leaves you with funding new casinos, which have to face and overcome many challenges - such as navigating regulations, avoiding hackers and DDOS attacks, making sure they aren't wiped out by big bets that go against them and any number of other issues, which can rapidly eat through any funds they have. If you wanted to invest in this way right now, with these newer operators - if anybody is even attempting it - you would be taking a huge gamble.

[livingfree]

I've been wanting to increase the number of my long-term crypto investments for a while now and I've already got like a good amount of BTC that I can comfortably invest without pulling out and I've checked Bitvest just out of curiosity and I've seen that you can invest in their website, I think I've seen it with Bustabit and Bustadice too back then, are they still doing that or is there like a lot of new casinos that are offering this kind of thing, I can't recall how it works when you invest in them so I'm going to ask (although I feel like stupid forgetting how it works), how does it work? And are there any other trusted casinos that are offering this investment? Is it a bad investment?

You just invest and let the casino do their thing after that. You don't have to do anything as you become their investor. If there are any other investments from the casinos, that's with the ones that have their own tokens. But do you think that they're good ones? Maybe they do in some occassion but sometimes not.

If you have a BTC that you afford to lose and you want to invest into casino bankroll. With what I know with them, they're no longer profitable anymore. It is completely different today than before where it's like the best time to invest on it.

I'd just hold that and probably if I insist on investing it to anything, I'll just trade it then to get 2x-10x in short term then will use that to gain more BTC.

[tsaroz]

I've been wanting to increase the number of my long-term crypto investments for a while now and I've already got like a good amount of BTC that I can comfortably invest without pulling out and I've checked Bitvest just out of curiosity and I've seen that you can invest in their website, I think I've seen it with Bustabit and Bustadice too back then, are they still doing that or is there like a lot of new casinos that are offering this kind of thing, I can't recall how it works when you invest in them so I'm going to ask (although I feel like stupid forgetting how it works), how does it work? And are there any other trusted casinos that are offering this investment? Is it a bad investment?

I used to invest on bankroll of the casino in the past but the returns are not impressive. They are low and boring, most of it around 10-20% a year, which are minuscule compared to what some safe trading ideas would bring you in a month. And there are risks like personal obsession to gamble your bankroll, site going scam or a potential hack as they are mostly less secure than regular exchanges.
At time, I used to have an updated list of casinos that provided bankroll investment but the number kept shrinking. And when I visited the thread today, found half of it are closed.
I'd not say it a bad investment as for the ones that needs passive income on bitcoin, there are  still a few legit ones.

[CryptSafe]

I've been wanting to increase the number of my long-term crypto investments for a while now and I've already got like a good amount of BTC that I can comfortably invest without pulling out and I've checked Bitvest just out of curiosity and I've seen that you can invest in their website, I think I've seen it with Bustabit and Bustadice too back then, are they still doing that or is there like a lot of new casinos that are offering this kind of thing, I can't recall how it works when you invest in them so I'm going to ask (although I feel like stupid forgetting how it works), how does it work? And are there any other trusted casinos that are offering this investment? Is it a bad investment?

Investing in projects is not a bad idea and as it is now, we are in for the bull run so I think you will be on profit if you invest in new startups. I will advise you to be very alert because this is the time scam projects are in the rise.  It is bull run and the market is green which makes it more porous  for newbies to fall for scam projects. Now that you have made it public, I think you should be more careful to  responding to pm as it relates to investments so you do not get scammed.

[Wexnident]

~

Is it acting as a bankroll investment thing? Took a peek at it and it seemed pretty normal-ish, don't really know how good it is though but from their investment charts it seemed at least that their investor profit graph is at least steady-ish, with no big losses for them.

I don't think it's particularly bad, it's rather similar to investing in any project out there just that yours is much more say active? Since it's a per-bet (from what I understood) thing since whatever you invest acts as the casinos bankroll, together with other investors and as well as their internal funds. I wouldn't expect anything big from the looks of it but since we all generally know that the house always wins in the long term, who knows, given the time your investment may grow pretty significantly.

[acroman08]

I think I've seen it with Bustabit and Bustadice too back then, are they still doing that or is there like a lot of new casinos that are offering this kind of thing, I can't recall how it works when you invest in them so I'm going to ask (although I feel like stupid forgetting how it works), how does it work? And are there any other trusted casinos that are offering this investment? Is it a bad investment?

other than bustabit and bustadice, I remember crypto.games offer bankroll investment too but last time I heard they stopped offering it. right now I don't know if there is a gambling site that offers bankroll investment. if you really want to do bankroll investment, you might need to ask around yourself.

[Japinat]

I think I've seen it with Bustabit and Bustadice too back then, are they still doing that or is there like a lot of new casinos that are offering this kind of thing, I can't recall how it works when you invest in them so I'm going to ask (although I feel like stupid forgetting how it works), how does it work? And are there any other trusted casinos that are offering this investment? Is it a bad investment?

other than bustabit and bustadice, I remember crypto.games offer bankroll investment too but last time I heard they stopped offering it. right now I don't know if there is a gambling site that offers bankroll investment. if you really want to do bankroll investment, you might need to ask around yourself.

This approach worked in the past, but nowadays, casinos have grown significantly, and they can finance the required bankroll on their own. It will be hard for us to find a casino that offers bankroll investment. Actually, at this time, investing in a casino is not a good option. What's good now is investing in bitcoin or altcoins, as it seems we are already in the bull season, and this could last longer, similar to the previous bull season.

[Outhue]

Who says you can't? I have invested in RLB ( ROLLBIT ) tokens myself and another too, I suggest you should do your own research and find reason why a casino token can pump in the future, understand the tokenomics very well because it's very important, with better utilities on the token its possible it will do well as far as the casino is making more money and they are active.

I will also like that you invest only what you can afford to lose on such tokens, because they are still risky, not many casino tokens are doing well, only some of then are good, these type of risky play only take 2% of my entire crypto portfolio just in case if anything bad happens, I won't feel the heat too much.  

Just be careful with tokens, they are not very reliable like Bitcoin, I have seen few died this year already and many more will happen.

[Synchronice]

I've been wanting to increase the number of my long-term crypto investments for a while now and I've already got like a good amount of BTC that I can comfortably invest without pulling out and I've checked Bitvest just out of curiosity and I've seen that you can invest in their website, I think I've seen it with Bustabit and Bustadice too back then, are they still doing that or is there like a lot of new casinos that are offering this kind of thing, I can't recall how it works when you invest in them so I'm going to ask (although I feel like stupid forgetting how it works), how does it work? And are there any other trusted casinos that are offering this investment? Is it a bad investment?

Always keep in mind that not your keys means not your coins. That's number one rule in crypto world. Now let's move on the possibilities:
Freebitco.in offers you 4.08% APY if you just deposit Bitcoins and keep them in their website. They have been doing this for years without issues.

Other kind of investment usually involves risks and possibly higher rewards. If you invest in casino's bankroll and that casino experiences loses, then you won't be able to profit but if they experience win, you will profit and that depends on the terms that casino offers you.
Besides casinos, you can use different Bitcoin investment methods, that includes becoming a liquidity provider, staking your coins, depositing them on websites like nexo to earn % and so on.

[slapper]

First off, your curiosity isn't stupid; it's your safeguard. Investing in a casino's bankroll basically means you're putting your crypto into their pot, sharing in the wins and losses. Simple, right? But here's the kicker: it's a gamble, just like playing the games themselves

Yes, they still offer these schemes, but tread carefully. They're not your traditional investment vehicles. You're essentially betting on the house's edge over a long period. High risk, potentially high reward. But remember, casinos are built on loss, not on generosity

Other trusted platforms? They're rare. Each has its terms, its risks. You must do your due diligence, sift through the glitter to find gold. Is it a bad investment? Well, that's like asking if walking on a tightrope is a bad idea. It depends on your balance, your nerve, and your willingness to fall. Be wise, be wary, and maybe, just maybe, you'll find what you're seeking

[arjunmujay]

there's nothing wrong with investing, whether it's in bitcoin itself or with an altcoin of a technology.
Likewise with investing in a casino. As long as you choose the right casino and can really give you benefits, why not.
Instead of gambling and just hoping for luck, wouldn't it be better if you became an investor in the casino. and it's definitely profitable

[danherbias07]

It's always nice to ask.
Actually, you gave out a piece of good information too. I didn't know Bitvest is accepting investment and I had never checked their gambling site for a long time, I think ever since @lightlord was on hiatus.
Investment in gambling sites is a good thing. Another site that I know is Yolodice but they are gone now thankfully they did warn all their players and investors to pull their money at the given time span.
That is the key to this. Trust and reputation. Because you are lending your money to them and they are going to use it for their business, there must be an assurance that their business will be long-term.
Is it still a thing right now? With the growing numbers of gamblers, I don't think they need an investor/player anymore. They just need to squeeze that house edge profits to make their company bigger.
I think freebitco.in also has an investment thing. I always receive their e-mail about it but I don't have any balance in my account there. You can check it out if you want. Just press the signature space of any forum member who is wearing it and you will be redirected to their legitimate site. Just for added security so you will avoid phishing.

[uneng]

how does it work? And are there any other trusted casinos that are offering this investment? Is it a bad investment?

You basically lend money to the casino, which will use your money to fund their bankroll. When gamblers win, you lose side by side with the house, and when gamblers lose, you profit at the house's side. The concept of this kind of investment is really good, because as we know, casinos always profit on long run. However, that is not the only aspect to pay attention to when thinking about casino bankroll investment.

You also have to check if the casino you are going to invest has a solid and frequent traffic of gamblers and bets in a daily basis. The higher the flux of money, the better it's going to be for the house, and consequently for you, as investor. It means potential losses the casino might face on short run will be fastly absorved by losses most gamblers will face.

On the other hand, when there is a low base of active players, and few daily bets or inconsistent bets in a weekly or monthly time period, the investment becomes more risky, because it can take longer until the house aborbs the losses they have to jackpot winners, for example.

The casino you promote is a trusted one, which has been working for several years already, however, it doesn't make it a good place to invest your money, because they have little traffic, just like every other current casinos offering this category of investment to customers. Nowadays it's a bad investment, unfortunatelly, though it would be a great opportunity if casinos like Stake, Duelbits, Rollbit offered the feature, due to them being popular platforms which move larger sums of money in a daily basis.