Hi ! I would like to know what are the risks involved in investing in gambling sites like moneypot or other cryto casinos. Do people profit in the long run ? And what is an estimated amount of profit generated by it ?
The risks involved are just two : 1) the house might loose too and 2) The site might scam anytime The profits depend on the site you are investing in, usually the profit expected is wagered amount divided by house edge so in short if a user wagers 1 btc then the site is expected to win 0.01 and hence the investors maybe 0.008 or something.