Quote from: Bitfort on October 13, 2017, 08:56:35 AM

Quote from: cryptoj@ck on October 13, 2017, 08:26:57 AM

Quote from: Bitfort on October 13, 2017, 08:08:45 AM

Quote from: benjer` on October 13, 2017, 07:18:24 AM

Quote from: Bitfort on October 12, 2017, 03:35:20 PM

Hi, you might try investing in casino bankrolls (see results of my own investments in my signature).
It's long term investment but unlike ICOs you can withdraw your funds anytime (and invest them elsewhere).

Is it an investment or what your trying to say is try gambling on the site?

It is an investment. I'm trying to say that you can lend your BTC to casino (so they can attract bigger players and make a bigger profits). It's like any other business. Bigger capital brings bigger profits.

FYI: max. possible amount player can win is given by amount of funds casino have (bankroll). To prevent bankrupcy the players can win only small fraction of the bankroll (otherwise some superlucky gambler could ruin them in one game).

You lend your BTC to casino. Now the casino can offer bigger max. win amount and attract more wealthy gamblers (which is obvously their aim).
As a reward the casino will share with you part of their profit.

Wouldnt that kind of system fall over once it got overly popular? Then a lot of people would lose money?
...

I don't hink so. The only way you can lose money here is:
1 - casino run away - Why would casino run away (and risk legal persecutions) when their bussiness model is (and we all know that) profitable?
2 - casino gets hacked - Thats why I'm investing only in established, lontime running casinos (but sure this can happen).
3 - casino is losing in long term. - Due to houseedge this is unprobable. Sure exceptions happens but it's mosty due to bad marketing (unsustainable jackpots ...)

If this system gets overly popular it only means your profits will be smaller (your percentual bankroll share will be reduced) .. but it definitely won't collapse.

I'm not saying it's risk free investment and definitely not putting all my funds into (but thats rule no.1 for every kind of investment).

I see thank you for clarifying my concern

cryptoj@ck

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