Post
Topic
Board Economics
Re: How would you double $100,000 safely?
by
Wandering Soul~
on 25/11/2016, 05:54:34 UTC
$100,000 is really a big amount of money. If i were you, i will invest half of the money into gambling site or something that have a good prospect and the rest of the money i use it for trading and gambling. I'm sure i can make that money growth with my skills.
With 100k at your disposal you could create your own bitcoin casino instead of investing in one there are risks obviously but if successful you could pull some serious money after a few years.

100k isn't a very large bankroll to attract players to begin with. On top of that, the risk of variance bankrupting you at such a small starting bank is much higher than a casino with a proper bankroll to ride out a hot streak by a big player.

Depending on how you want to give assurance to your players that they are allow to win and bet high amounts but I guess with that amount, that's still considerable amount for just start. Because as your casino site keeps running and does have a good outcome at its first launch then that will attract some investors and players that will make your site more profitable.
Big investors does not automatically jump to new casinos as they know the risk associated, and there's no difference investing in old ones and the new ones as they have the similar investment program. If i am an investor, I will have to ensure that I will only trust my investment in long time running investment sites and a reputable one.

Yes since most investors today are very cautious,  So your gambling site must be long running and highly reputable to attract investors .

I agree that with that amount it will be insufficient to build a successful gambling site .  It will be best to just divide your money and invest them to different things .

Just make sure to always check where you put your money at .