Quote from: AsdQ89 on January 06, 2017, 08:54:06 AM

Quote from: Petyr Baelish on January 05, 2017, 11:30:33 AM

Quote from: Kasabus on January 05, 2017, 03:42:38 AM

Quote from: valta4065 on January 04, 2017, 07:41:40 PM

Ok I didn't see this thread before...

I asked a question about a specific casino investment and got a link for this thread.
I'd like to thank you for taking the time and effort to share all this data with us. That's really cool and will help me a lot for chosing!
Of course I know this data is relative and that I can't generalize your experience but still it's very cool to have actual facts to base on in order to make a choice!

Thanks again and congrats for your profit. It's much less than gambling and winning but I guess it's also far safer xD

It's always safe to invest in a casino, house wins all the time. Just stick to it and you will be successful with your journey. Just like you, I appreciated what the OP does for experimenting and it has been proven in our very eyes that it's really profitable.

It is not always safe to invest in a casino. That is a really dumb thing to say. In fact it is not always safe to invest in anything.

If you even bothered to look back and read through this thread in full you would see that OP has had some poor returns on some of the casinos that he invested in.

There has also been cases in the past where popular casinos just stole everybodys money and shut up shop.

Then there have also been cases where whales have got lucky and destroyed the bankroll causing huge losses to investors.

Also there is a risk that the casino may get hacked.

To tell people that there is no risk is really irresponsible and very poor advice.

I agree to some extent. Because lets be honest, anything to do with Bitcoins carries a risk, just like opening your front door to a stranger or cooking dinner. My point is that saying anything is risk free is technically not true, but you have to wager with everything in life if its worth it or not. Lets take your examples up:

1) Casinos shuting down and leaving with everybodies money.
This is a very real and obvious risk, that doesn't only happen with casinos but every situation where you deposit BTC, wether it being wallets, casinos, HYIP's and pretty much every loan/investment sites there are. That is why you always want to make sound choices when depositing you BTC anywhere. Is the casinos holding to small/big to be at risk of high rollers or hackers is just one of the things you should worry about and take in to consideration.

2) Whales/High rollers cleaning out casinos.
Again only relevant for small sites, which is has a general higher risk than larger casino sites.

3) Sites getting hacked.
A risk applicable to all sites again, even this. All though I'm not very sure of what to gain from hacking a forum. Here is again a risk that is generally higher for smaller sites, given that larger ones can pay for better security and/or has a team with greater experience and knows how to counter act most black hatters. This said, larger sites also means larger deposits of BTC which makes it more interesting for hackers, but it's a general paranoid mindset that keeps this risk alive.

I have one principle that allways comes in handy in this situation: Don't put money in other peoples hands, that you can't afford to loose. Peace out.

/AsdQ89

Kasabus stated in his post "It's always safe to invest in a casino." That statement is nonsense and is terrible advice to give to anybody thinking of starting out investing in a casino no matter what way you try to sugarcoat it.

The first point that you make saying "Casinos shutting down and leaving with everybodies money. This is a very real and obvious risk" this agrees that it is NOT ALWAYS SAFE to invest in a casino. Keeping your Bitcoin in your own wallet and being in control of your own private keys is much safer although does not offer the same potential reward.

Your second point of Whales/High rollers cleaning out casinos only being relevant to small sites is not one that I would agree with either. If you read back through this post you will see that Safedice lost a huge portion of its bankroll in the past as a result of one huge bet by huggermugger. https://bitcointalk.org/index.php?topic=868275.msg14439004#msg14439004 Also the OP had a big loss on his investment with Bitvest earlier in this thread. This resulted in him ending his investment in bitvest. So again this contradicts Kasabus statement that "It is always safe to invest in a casino."

In your third point you say "All though I'm not very sure of what to gain from hacking a forum" ....Neither am I, and I am not really sure why you brought that up because nobody here is talking about investing in a forum. However large casinos and dice sites have been hacked in the past and could be again in the future. Here is one that springs to mind (The attack on Primedice by Hufflepuff) https://www.hackread.com/gambling-site-hacked-bitcoin-stolen/

So again, saying that "It's always safe to invest in a casino." as Kasabus did is terrible advice to give to somebody thinking of investing in casinos.
All investments carry risk. We may be able to reduce this risk through various factors like smart decision making and careful research but we can not eliminate it.

If any investment was "always safe" then everybody would be doing it.