Investing in casinos: Still a thing?

[Stepstowealth]

we cannot be sure which is more profitable, whether investing in bitcoin or investing in casinos, because it all depends on the performance of both things. for example, the price of bitcoin has risen several tens of percent in this year alone, and that makes it a profitable asset. but that's only for this year, we can't be sure about the future. meanwhile for some casinos, maybe an increase of 10-15 percent in 1 year, but that also varies, it's possible that next year their performance could be more or less.

so we can't conclude which one is more profitable, but i am more convinced that investing in bitcoin is more profitable.

When we invest on a casino, our fate relies on them or how the owner run its casino but when investing in Bitcoin, all will be up to us. It is said that casinos are always profitable but despite of it, there are still lots of casinos who don't last a long time. If I can compare them in cryptocurrency terms, they are like the meme coins due their risk and reward ratio. Bitcoin is more stable but the growth of our money can only be slow as not all times there will be a bull run. In my opinion a better approach would be is to diversify, so that we still can reap each of their benefits but I would only like to prioritize Bitcoin more than investing in the casinos.

The diversification that would benefit OP is what he is all about. In the terms of perhaps buying stocks from a casino, if I guess right.
Cryptocurrency stocks are similar to the normal company stocks we know about and basically because the gambling company is registered and has official license to operate, it makes them qualify as a company and thus has stocks that can be invested in with good dividends to be earned.
 Even if at all, our OP isn't at all familiar with the stock market, perhaps using online brokerages or some good notable trading platforms with access to stock exchanges where these securities are listed would be a better option.

[mindrust]

The other choice is blackjack.fun. I see that they let you stake your coins on their platform but I haven't tried that one out yet and it is a fairly new casino. (correction: I see they have been around since 2018) I'll probably try it out as soon as I get some sats from their campaign and report the results here.

I've done my research and staked my campaign earnings on blackjack.fun.

Here are the results:




They pay hourly for your sats you which stake on their casino and the rate is 15% annually. It is huge compared to freebitco.in's 4% daily compounding annual rate. To be honest I am kind of skeptical about this because it sounds too good to be true. I am not sure if the 15% returns on btc are sustainable. As I pointed out in my earlier post, this offer is only limited to 20 btc so that means they'll be paying 3 btc interest for that 20 btc every year.

What do you think about it?

[Nwada001]

They pay hourly for your sats you which stake on their casino and the rate is 15% annually. It is huge compared to freebitco.in's 4% daily compounding annual rate. To be honest I am kind of skeptical about this because it sounds too good to be true. I am not sure if the 15% returns on btc are sustainable. As I pointed out in my earlier post, this offer is only limited to 20 btc so that means they'll be paying 3 btc interest for that 20 btc every year.

What do you think about it?

I think it's very much possible for them to hold onto this. This amount that people are staking is going to be locked for the agreed period of time, which means they can use that money to pay winnings and also attract VIP gamblers to their casino. 
 
There is profit in casinos, and they can make enough to cover up those staking rewards. That's what I think, and if it's too big for them to handle, they will have to limit and reduce the maximum amount that anyone can stake, or they can just end the staking programme in order not to cause any damage to their casino due to them not being able to keep to their own side of the deal. 
 
For casinos, a 15% annual staking reward is very possible and reasonable, in my opinion.

[OgNasty]

They pay hourly for your sats you which stake on their casino and the rate is 15% annually. It is huge compared to freebitco.in's 4% daily compounding annual rate. To be honest I am kind of skeptical about this because it sounds too good to be true. I am not sure if the 15% returns on btc are sustainable. As I pointed out in my earlier post, this offer is only limited to 20 btc so that means they'll be paying 3 btc interest for that 20 btc every year.

What do you think about it?

I think it's very much possible for them to hold onto this. This amount that people are staking is going to be locked for the agreed period of time, which means they can use that money to pay winnings and also attract VIP gamblers to their casino.
 
There is profit in casinos, and they can make enough to cover up those staking rewards. That's what I think, and if it's too big for them to handle, they will have to limit and reduce the maximum amount that anyone can stake, or they can just end the staking programme in order not to cause any damage to their casino due to them not being able to keep to their own side of the deal.
 
For casinos, a 15% annual staking reward is very possible and reasonable, in my opinion.

I don't know if I agree with your line of thought.  If a casino has to pay 15% interest to attract funds you have to wonder why they would do this.  Are they in such need of capital that they're willing to pay a 15% rate to lenders in order to obtain this capital?  That's how it seems to me.  So I'd ask the question...  If their business is going so well, why are they paying 15% interest on loaned funds and if they need to do that to stay afloat, how are they able to make a profit with this additional expense?  It's easy to look at it from your perspective and say 15% > 0% but I think if you looked at it from the perspective of the casino, you'd realize that it's a desperation move to stay alive, not a reward because they're doing great.

If Stake offered an investment opportunity I might take them up on it because I know they make a fortune, but I couldn't imagine risking my hard earned BTC to earn such an obviously unsustainable interest rate nor would I expect to ever see Stake or any profitable business offer it in the first place.

[mindrust]

I think it's very much possible for them to hold onto this. This amount that people are staking is going to be locked for the agreed period of time, which means they can use that money to pay winnings and also attract VIP gamblers to their casino.
 
There is profit in casinos, and they can make enough to cover up those staking rewards. That's what I think, and if it's too big for them to handle, they will have to limit and reduce the maximum amount that anyone can stake, or they can just end the staking programme in order not to cause any damage to their casino due to them not being able to keep to their own side of the deal.
 
For casinos, a 15% annual staking reward is very possible and reasonable, in my opinion.

That's what I think too. I am not sure if I agree with you on that 15% annual being sustainable as I don't know how much money they make but I do agree with you that they can stop offering these rates any moment they want.

I don't know if I agree with your line of thought.  If a casino has to pay 15% interest to attract funds you have to wonder why they would do this.  Are they in such need of capital that they're willing to pay a 15% rate to lenders in order to obtain this capital?  That's how it seems to me.  So I'd ask the question...  If their business is going so well, why are they paying 15% interest on loaned funds and if they need to do that to stay afloat, how are they able to make a profit with this additional expense?  It's easy to look at it from your perspective and say 15% > 0% but I think if you looked at it from the perspective of the casino, you'd realize that it's a desperation move to stay alive, not a reward because they're doing great.

If Stake offered an investment opportunity I might take them up on it because I know they make a fortune, but I couldn't imagine risking my hard earned BTC to earn such an obviously unsustainable interest rate nor would I expect to ever see Stake or any profitable business offer it in the first place.

You are right to be worried but this casino isn't really new in the business. I see that they have been around since 2018 and I am not sure if they'll harm their reputation like that. If it becomes an issue, they will probably cancel the offer.

Both of you didn't make any comments on the 20 btc limit. It matters imo. They put a limit on it. (that 20 btc is not for per person as I understood, it is the total amount they want to borrow) It is not like they say "hey bring us 1000 btc and get 1150 btc next year!!!"

Let's say the casino is making 50 btc in profits annually, (I am pulling the number from my azz) then the 3 btc interest they pay on that borrowed 20 btc is not going to be a problem, but then OG's point stands. If they make so much money, why are they paying such high rates? They shouldn't be borrowing any coins.

I am trying to come up with an answer that makes sense maybe I should ask these questions in their official topic.

[Nwada001]

I think it's very much possible for them to hold onto this. This amount that people are staking is going to be locked for the agreed period of time, which means they can use that money to pay winnings and also attract VIP gamblers to their casino.
 
There is profit in casinos, and they can make enough to cover up those staking rewards. That's what I think, and if it's too big for them to handle, they will have to limit and reduce the maximum amount that anyone can stake, or they can just end the staking programme in order not to cause any damage to their casino due to them not being able to keep to their own side of the deal.
 
For casinos, a 15% annual staking reward is very possible and reasonable, in my opinion.

I don't know if I agree with your line of thought.  If a casino has to pay 15% interest to attract funds you have to wonder why they would do this.  Are they in such need of capital that they're willing to pay a 15% rate to lenders in order to obtain this capital?  That's how it seems to me.  So I'd ask the question...  If their business is going so well, why are they paying 15% interest on loaned funds and if they need to do that to stay afloat, how are they able to make a profit with this additional expense?  It's easy to look at it from your perspective and say 15% > 0% but I think if you looked at it from the perspective of the casino, you'd realize that it's a desperation move to stay alive, not a reward because they're doing great.

If Stake offered an investment opportunity I might take them up on it because I know they make a fortune, but I couldn't imagine risking my hard earned BTC to earn such an obviously unsustainable interest rate nor would I expect to ever see Stake or any profitable business offer it in the first place.

I understand the point where you are coming from; that move could also be considered a desperate move. On the other hand, it could also be seen as another means to have some reserve funds in case of anything. A 15% annual reward looks fair to me, but it can also be looked at as a desperate offer because it is one of its kind. 
 
Aside from looking at it from the angle of them using those loan funds (staked funds) to stay in business, they can also be using that money for other forms of investment under the same umbrella.
 
 
We really never can tell, and for a casino company that might have been existing for years now but is not that popular for the main time might need little hand in terms of funds in order to keep their maximum winnings or withdrawals on the high side and meet up with their competitors, this staking with a higher reward (15% annually) might also be another marketing means to bring in people to the casino.

[fikrett]

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 a casino's bankroll, like with Bitvest or Bustabit, is a unique blend of crypto investment and gambling. Essentially, you're betting on the casino's overall success by sharing in profits (and losses) from the house edge. It's intriguing but carries its own set of risks, much like any investment, especially considering the volatile nature of cryptocurrencies and the gambling industry. Personally, I think it's an option worth exploring for those comfortable with high-risk investments and who have done their homework on the platform's credibility. Just remember, it's crucial to approach this as part of a diversified investment strategy to manage risk effectively.

[joniboini]

We really never can tell, and for a casino company that might have been existing for years now but is not that popular for the main time might need little hand in terms of funds in order to keep their maximum winnings or withdrawals on the high side and meet up with their competitors, this staking with a higher reward (15% annually) might also be another marketing means to bring in people to the casino.

I wonder how much money is required to run a casino sustainably, but I believe a good casino platform doesn't need a lot of money to run and expand its products. I'm also a bit wary of any casino or platform that offers ludicrous investment deals and use it as their main expansion source. If they've been on the market for years, then they should run more marketing campaigns to grow and try to offer more unique products if they want to expand, not relying on an investment product which should be a secondary product of a casino. Shouldn't they get a lot of profits since they usually have a better edge compared to the players? Do shed light on this since I'm not familiar with the ins and outs of a casino business. Judging from how casinos run signature campaigns on this forum over the years though, I get the impression that investment from players are not their main driving force.

[ultrloa]

We really never can tell, and for a casino company that might have been existing for years now but is not that popular for the main time might need little hand in terms of funds in order to keep their maximum winnings or withdrawals on the high side and meet up with their competitors, this staking with a higher reward (15% annually) might also be another marketing means to bring in people to the casino.

I wonder how much money is required to run a casino sustainably, but I believe a good casino platform doesn't need a lot of money to run and expand its products. I'm also a bit wary of any casino or platform that offers ludicrous investment deals and use it as their main expansion source. If they've been on the market for years, then they should run more marketing campaigns to grow and try to offer more unique products if they want to expand, not relying on an investment product which should be a secondary product of a casino. Shouldn't they get a lot of profits since they usually have a better edge compared to the players? Do shed light on this since I'm not familiar with the ins and outs of a casino business. Judging from how casinos run signature campaigns on this forum over the years though, I get the impression that investment from players are not their main driving force.

Don't see an updated article about that but lets make this article as a basis https://www.gamblingnews.com/blog/how-much-does-it-cost-to-open-a-casino/

Also maybe people plans to operate this needs more since a lot of factors need to consider since a lot of funds needed especially if you need to have good marketing campaigns to introduce your casino and funds for casino winners is needed so people will never get an issue when claiming their price. Lastly the money to spend for prize for contest you held since this is needed to make your casino attractive or competitive to other casino. A lot more need to look after and for sure that to be successful on this business those casino owners need also to spend a lot of money to catch the interest of people.

[Mia Chloe]

Op , in my opinion I think your post isn't very discreet in it's idea or info. This is because investment making is totally different from making a deposit. If as a gambler you move some crypto or fiat to your gambling account or casino account , you should not consider such funds or coins as an investment. This is mainly because that amount was moved there with the motive of spending it probably on bets and stakes.
A real casino investment on the other hand should be something like buying shares or stocks from the casino company of which dividend in form of a sort of passive income is generated via your investment as long as the casino continues to progress and make profit. A non gambling addict should not view gambling deposits as an investment to prevent consecutively losses and even costly mistakes.

[joniboini]

Also maybe people plans to operate this needs more since a lot of factors need to consider since a lot of funds needed especially if you need to have good marketing campaigns to introduce your casino and funds for casino winners is needed so people will never get an issue when claiming their price. Lastly the money to spend for prize for contest you held since this is needed to make your casino attractive or competitive to other casino. A lot more need to look after and for sure that to be successful on this business those casino owners need also to spend a lot of money to catch the interest of people.

That's some interesting figures, so for online casino, we can expect anything between $100k to $3 million then? Maybe any casino owners can give some input on this but those figures sound big that I doubt any smart business owners would just start their business and expand it without any spare funds and rely on secondary products like investment from the players. Maybe I'm wrong and the cost to expand is actually small, but then you have to wonder why they'd need to offer high rates for its customers to begin with. I'd feel more at ease if their profit-sharing option is not that aggressive.

[FinneysTrueVision]

There are a few options actually. One of them is freebitco.in which offers 4% flat annual rate. They are not sharing their exact profits with you but it is close enough. 4% annual returns on bitcoin is pretty unbeatable as a passive investment.

If somebody is going to invest in a casino, having a flat rate is better than having a variable rate that can even be negative depending on the performance of the casino. In my previous experience of investing in YOLOdice’s bankroll, I lost a lot of Litecoin because a whale who was betting thousands of dollars per roll was winning at an unusually high rate.

YOLOdice used to allow investments with leverage, which meant your profits and losses would be multiplied. For those with higher leverage, the losses were really massive. The casino shutdown shortly thereafter, leaving investors without the opportunity to recoup their investment.

[danherbias07]

The other choice is blackjack.fun. I see that they let you stake your coins on their platform but I haven't tried that one out yet and it is a fairly new casino. (correction: I see they have been around since 2018) I'll probably try it out as soon as I get some sats from their campaign and report the results here.

I've done my research and staked my campaign earnings on blackjack.fun.

Here are the results:




They pay hourly for your sats you which stake on their casino and the rate is 15% annually. It is huge compared to freebitco.in's 4% daily compounding annual rate. To be honest I am kind of skeptical about this because it sounds too good to be true. I am not sure if the 15% returns on btc are sustainable. As I pointed out in my earlier post, this offer is only limited to 20 btc so that means they'll be paying 3 btc interest for that 20 btc every year.

What do you think about it?

I like it.
I didn't know blackjack.fun has that kind of feature and I appreciate you sharing it with us. Now, I am thinking about doing the same thing because I have been trying to find a gambling site where investments are one of the options and I think this is it. After Yolodice, I cannot really find anything but freebitco.in only and have been looking hard for more.
Hourly stake rewards. I think it's fair enough. I mean better than doing faucets (if they still exist) and I know the reputation of the gambling website that was mentioned was one of the trusted ones here in the forum. Plus, since Bitcoin's value keeps on growing I guess it's a win for investors who want to keep their BTC intact and let it accumulate more.

Again. I thank you for this and see you there.

[pinggoki]

They pay hourly for your sats you which stake on their casino and the rate is 15% annually. It is huge compared to freebitco.in's 4% daily compounding annual rate. To be honest I am kind of skeptical about this because it sounds too good to be true. I am not sure if the 15% returns on btc are sustainable. As I pointed out in my earlier post, this offer is only limited to 20 btc so that means they'll be paying 3 btc interest for that 20 btc every year.

What do you think about it?

I've forgotten about this thread and I got to say that whomever bumped this thread, I thank you because I wouldn't have seen this post, I would definitely try this one out, I'm so crazy with my spending right now and I think that it's worthy that I have to put in some way to make some passive income so I won't zero out in terms of money, I don't like the idea that I'm going to be spending on stuff while not making any profit or just not spending anything because I've made it all back due to my investment, I'm going to ignore the part that you're promoting them though, I just trust you that it's a good investment, don't worry too that I'm investing too much, I'm definitely not going to do that and any amount is probably negligible that I can afford to lose it.

[rdbase]

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.

As soon as someone from way back on here mentions bankroll investments on a gambling site you instantly think of yolodice. There were threads about players journeys into those casino investments.
But I think those have long died now.

Having a site offer a high percent above 5% back on investment is very hard to believe.
Because they are highly unlikely sustainable beyond that if players are depositing 20btc even as a limit.

[KTChampions]

You are right to be worried but this casino isn't really new in the business. I see that they have been around since 2018 and I am not sure if they'll harm their reputation like that. If it becomes an issue, they will probably cancel the offer.

Both of you didn't make any comments on the 20 btc limit. It matters imo. They put a limit on it. (that 20 btc is not for per person as I understood, it is the total amount they want to borrow) It is not like they say "hey bring us 1000 btc and get 1150 btc next year!!!"

Let's say the casino is making 50 btc in profits annually, (I am pulling the number from my azz) then the 3 btc interest they pay on that borrowed 20 btc is not going to be a problem, but then OG's point stands. If they make so much money, why are they paying such high rates? They shouldn't be borrowing any coins.

I am trying to come up with an answer that makes sense maybe I should ask these questions in their official topic.

This project is not new for BTT either - a couple of years ago they had a signature campaign and if I remember correctly, the conditions were above average (something around $100 a week).
As for the generosity of the conditions of their investment program, the whole point is in the limit. In fact, they limit their spending to 3 BTC, while they receive 20 BTC in circulation and additional attention/advertising due to such generous conditions. It seems to me that for any living business spending 3 btc per year is a trifle.

[mrust_mobile]

I have made a guide on every casino I know which offers crypto investment. The one tsaroz made is pretty outdated.

[GUIDE] Best Crypto Investment Opportunities for Passive Income -2024

[betswift]

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 a crypto casino is works differently from traditional investment methods. Websites like Bitvest, Bustabit, and Bustadice offer users the opportunity to invest in the casino’s bankroll.
You put your crypto in the site’s bankroll, and when the casino profits, so do you. But when a big winner comes along, your crypto takes a hit too.
So your earnings will depend on the house edge and the total bets placed.

Is it a bad investment? Well, it can be fun and rewarding, or not .
It’s risky, unconventional, and certainly not for the faint of heart. But on other side you might just find yourself the king of the crypto-casino hill. Just remember, never invest more than you can afford to lose!