Quote from: wxa7115 on February 11, 2020, 09:12:03 PM

Quote from: Yatsan on February 07, 2020, 05:17:20 AM

Hi! Have you ever tried to invest into a gambling site? and my question is, is it worth it? Considering that you will not be a player! but you will be the house (not actually the house but some part of the "house" LOL), Your portion of investment will be part of the gambling website's bankroll and if they win you also win! and if they lose you will also lose.

The downside of it is, if you are going to invest, 2% of your total investment will be the fee (2% on the most of the gambling website that I see). So are you going to try it? It is going to be okay if you consider long term investing but if your motive is for short term, I think not.

Is there any people here have tried it for a long term and does investing on it, is worth it?

Years ago this was really popular and there were threads dedicated to this and it seemed as if it was a good investment option for those looking to increase their bitcoin holdings, but then many sites stopped accepting those investments, to be honest I thought that was no longer possible.

But there is a big issue you will have to hand your coins to someone else with the hope of obtaining more bitcoin in the future and that requires a great deal of trust, so if you decide to invest in the bankroll of a casino make sure it has been in the market for years and that the casino has been paying their investors otherwise you will be taking a huge risk.

There have been instances of old and reputable gambling websites also running away with use funds. It's funny to consider how easy it is for someone to run away with another person's BTC... And yet people still invest in such ventures. The trust issue isn't going TK be solved so easily when it comes to investing in the house.