Which betting site is good for investing?

[Minnlo]

Invest? Look for better opportunites than gambling

yes, if you are not good gambler
if you are lucky man and good gambler, gambling is better option

What you think about:
CoinGG and Ice-Dice for investing?

Dicenow ask min 0.1 BTC!

any ANN thread about that casino?
i want to see that

Google search is usually helpful in this situation.

Coingg: https://bitcointalk.org/index.php?topic=602261.0
Ice-dice: https://bitcointalk.org/index.php?topic=299184.0 (OLD) and https://bitcointalk.org/index.php?topic=334083.0 (No update for 6 months)
DiceNow: https://bitcointalk.org/index.php?topic=314252.0

[zimmah]

I want invest on betting site. What is your recommendation?
Just-dice is dead...

Find a website where there are many gamblers but not too many investors.

If tehre are very many investors compared to gamblers the profit will be low.

There are at least 4 websites other than just dice where you can invest in.

Satoshicarnaval [link] [thread] (Very new website, only 2 weeks old, looks very promising to me, low house edge of 0.48% so good for gamblers)
PRCdice / pocket rocket casino [link] [thread] (A dice site as well as a casino with poker and blackjack)
Dicenow [link] [thread](Biggest of these websites by far)
Everydice [link] [thread] (Just listed this for completion)

thanks for listing it
satoshicarnival seems interesting place to invest, new casino (around 1 month already) and 0.48% house edge will attract many players because that edge will good for them
but does 0.48% houdse edge means higher chance for casino/house to loose?
and if they loose, we'll see lesser profit from our investment?

the house edge is actually from 0.48% to 2.3% it depends on which planet you bet on.

They have a visual dice game where you select one of the planets or the moon or a star system.

Every space object has different rules and house edge.

Code:

moon = 0.48% house edge, 49% chance of hitting and 2.031x multiplier. max profit is 0.12% of house bankroll (1/4 kelly). Minimum bet is 1000 satoshi
Mars = 0.6% house edge, 28% of hitting and 3.55x multiplier, max profit is 0.15% of house bankroll (1/4 kelly). Minimum bet is 100 satoshi
Saturn = 0.7% house edge,  15% chance of hitting and 6.62x multiplier, max profit is 0.175% of house bankroll (1/4 kelly). Minimum bet 100 satoshi
Neptune = 0.8% house edge, 5% chance of hitting, 19.84x multpler, max profit 0.2% of house bankroll (1/4 kelly). Minimum bet 100 satosh
Pluto = 0.90781% house edge, 1.923% chance of hitting, 51.53 multiplier, max profit 0.227ish% of bankroll (1/4 kelly). Min bet is 100 satoshi
Andromeda galaxy = 1.222% house edge, 0.978% chance of hitting, 101x multiplier, max profit 0.611% of house bankroll (1/2 kelly). Min bet 10 satoshi
Orion = 1.58455% house edge, 0.09891% chance of hitting, 995x multiplier, max profit 0.792% of house bankroll (1/2 kelly). Min bet 10 satoshi
M82 (kind of jack pot) = 2.35% house edge, shows 0.00009% of the time, multiplier over 1 million, max profit 1.17% of house bankroll (1/2 kelly). min bet 10 satoshi

as you can see the higher the risk for the bankroll, the higher the house edge. Therefore even if someone gets a lucky streak, it will not be a big risk to the bank. In case the bank has a streak of bad luck you will lose a percentage of your investment indeed. But the system is set up to be fun for gamblers and reasonably safe and profitable for investors. It's one of the best concepts i have ever seen to be honest.

[alex21btc]

Ok, I will try CoinGG and Satoshicarnaval.
I will try with min deposit.

If I earn something later, I can try Dicenow.

[Taxidermista]

no, it's not bankrupt in real terms (in law)
i mean "bankrupt" in the games, players beat them and make them can't operate anymore because low capital to pay the winners

What the fuck are you talking about?? Do some research before spreading bullshit like that you fucking moron.

[galbros]

The loss of Just Dice is a real blow. 

I have seen that dicenow.com has an invest option, and takes litecoin as well, but I'm not sure it has that many players as it has little action nor how well it pays out.

Too bad that stunna of primedice refuses to allow investing.

There is some investment over at peerbet, but I did not really understand it as it seemed to be for some games but not all.  They do offer a lot of other coins.

Good Luck!

[Bizmark13]

they can bankrupt too (in example justdice case) if someone trick them or someone iis very lucky to defeat house many times

What? Did justdice bankrupt? I thought they suspend temporarily the site because of the Canadian law.

I guess I should take a few seconds out from trying to get the withdrawals working as smoothly as possible to confirm that we are suspending betting and deposits until it becomes clearer what the new Canadian law means for us.

Or is it another story?

He's probably thinking of the nakowa incident:

http://www.reddit.com/r/Bitcoin/comments/1mwd98/a_whale_has_pushed_justdicecom_into_negative/

Basically a whale came in and had a big winning streak. This ended up wiping out a big chunk of the site's bankroll (investors' funds) and making the site unprofitable for those who had invested.

Hi,
Try the one I have in my signature : Primedice
I have been playing in this site since the very beginning when it opened and I had a lot of fun at my work
Of course at the end I end up loosing everything, but this is the live of a gambling man. The sure thing is that the site is very stable and I would invest in it if i had money for this. Good luck!
BR
Gondel

Primedice only lets you gamble, not invest in the bankroll.

[Ron~Popeil]

Just dice was a great site. I don't know enough about the ownership of the other sites to feel comfortable investing. Dooglus may be one of the most trusted people in bit coin. He proved that once again with the way he wound down the site and advised investors to get out.  

[alex21btc]

CoinGG is not in first 200 gambling sites on http://cryptobettingindex.com/
Maybe doesnt look smart to investi on it..

[Tammy Chan]

CoinGG is not in first 200 gambling sites on http://cryptobettingindex.com/

Not surprised at all, as it is new and launched in May 2014.

[Nathan101]

I think it is not a good idea to invest in betting site. In my opinion mining is better than betting. So you many start mining with any pools. I am mining with www.genesis-mining.com.

[polynesia]

In my opinion mining is better than betting.

OP wants to invest in betting sites, not bet.

[Tammy Chan]

In my opinion mining is better than betting.

OP wants to invest in betting sites, not bet.

I believe Nathan101 knew that as the first line of his post is:
"I think it is not a good idea to invest in betting site. In my opinion mining is better than betting."

[efreeti]

The annualized rate for just-dice was around 30%. As for mining, it is in the negative territory.

[Sharma]

Exactly there is no good place to invest in betting.

[MegaHustlr]

Exactly there is no good place to invest in betting.

Um yes there is, eg Ice Dice... Its better than mining.

[Nagato4]

Exactly there is no good place to invest in betting.

Um yes there is, eg Ice Dice... Its better than mining.

I am not sure if I should really invest in ice-dice.
They are very inactive here (made just 1 post in the past 6 months)...
https://bitcointalk.org/index.php?action=profile;u=150946;sa=showPosts

[davellolzz]

I invest some dogecoin in https://prcdice.eu/ hoping that I will earn, but unfortunately I lost all my coins.
I got so greedy.

[fkvidar]

betting are not investiment ,Investors  only risk money on positive mathematical expectancy situations; whereas, gamblers risk money on negative mathematical expectations and unknown probabilities

[QuantumLeap]

I think invest only on your own site. Investing on other site is very risky.

[shanem]

Betting will only let you lose in the long run.
Better invest in potential altcoins and stay away from ICO.