Post
Topic
Board Gambling
Re: Investing in Casino tokens such as BFG, OWL or TFS
by
Get-Paid.com
on 11/09/2022, 11:15:18 UTC
These are nothing like buying "William Hill" or "Ladbrokes" stocks. When you buy stocks you are buying part of the ownership of that company which is much more valuable and secured. All you're buying with these are virtual tokens that the company launched and they don't come with anywhere near the same legal protections. These are the equivalent of funding a casinos operation, so you will take all of the risk with them taking most of the profits. If you were serious about investing in a casino like this, you should stick with thorough research and buy into the stock of much bigger gambling companies - who have weathered all the storms, because right now with these casino tokens, you will be bobbing around in a dinghy in the Atlantic waiting to sink.

The William Hill stock from 2018 only went down and hasn't even fully recovered from its peak:

https://www.investing.com/equities/william-hill

BFG from 2018 has paid lots of %%%% in return in addition to the price movement:

https://coinmarketcap.com/currencies/betfury/

Not only that, the old brick & mortar gambling companies had to close lots of shops in the UK, e.g.:

https://onlinebingo.co.uk/news/119-william-hill-shops-closed

119 shops closed and more closures are on the horizon.

They are old fashioned, asking users to deposit using bank transfers, or credit cards, dealing with lots of issues because of this - whilst the Crypto gambling sites suprassing them by a lot!

We invite you to read our piece of blog here as well in regards to that:

https://gamblingfreebies.com/2020/11/11/why-use-crypto-gambling-sites-instead-of-traditional-ones/

This piece was posted 2 years ago but it's still correct as of today - their stock price is something you shouldn't invest in, unless you can clearly see a path to profit, but right now they are struggling and struggling quite a lot.