bitcoin dice casinos. Is it profitable to have such casino? - page 2.

--DarkSecrets--

hero member

Activity: 854

Merit: 500

Stake & Vote or Become a IoTeX Delegate!

Quote from: Mike Mayor on April 08, 2017, 10:37:17 AM

Quote from: dossantosleite on April 06, 2017, 01:50:46 AM

Hello,

I saw that there are so many bitcoin dice gambling sites and new ones starting each day.
So my question is if owning such site is profitable?
How much starting capital would be needed to start dice gambling site?

Of coarse it is profitable or they wouldn't run them. You don't need much capital if you use investors. But you need a proper game plan. A marketing plan a layout and design for the website then the actual programming and probably fair. It's a lot of work but you can do it.
If you don't use investors you can probably start with half a bitcoin. Just make sure you set a limit. You can increase it when you aquire a higher bankroll. Good luck.

You've got it right ,i also thinking and having idea of it as it once you launch your site you will gain income and to upgrade your site it doesn't mean you need at first to have a huge bankroll but it is a must for any reasons .
There are many reputable dice game exist and so if you want to build one make it competent so it would be also one of the playground of gamblers.

Mike Mayor

hero member

Activity: 966

Merit: 535

Quote from: dossantosleite on April 06, 2017, 01:50:46 AM

Hello,

I saw that there are so many bitcoin dice gambling sites and new ones starting each day.
So my question is if owning such site is profitable?
How much starting capital would be needed to start dice gambling site?

Of coarse it is profitable or they wouldn't run them. You don't need much capital if you use investors. But you need a proper game plan. A marketing plan a layout and design for the website then the actual programming and probably fair. It's a lot of work but you can do it.
If you don't use investors you can probably start with half a bitcoin. Just make sure you set a limit. You can increase it when you aquire a higher bankroll. Good luck.

Red-Apple

hero member

Activity: 1470

Merit: 655

Quote from: bajing on April 08, 2017, 07:42:40 AM

Quote from: ralle14 on April 06, 2017, 02:02:37 AM

Of course it is always and will be profitable because of the house edge. For starting capitals maybe a few coins would do then just use moneypot to help you with your bankroll needs but take note that your profit would be low because you don't support the bankroll of your gambling site..

Not only because of the house edge but im still doubt about probably fair dice games, that's why i stop made a deposit at dice site maybe can be said i play dice game only for fun.

having doubt about provably fair system and not understanding it are two different things so make sure you understand how it works, how hashing works and how irreversible and uncheatable it is and then check to see if the site is really implementing such system and then check some hashes against each other.

... and then make a decision.

i know that in gambling since it is based on chance, and we lose a lot and it is hard to accept, that would always be easier to blame the casino than our luck.

bajing

legendary

Activity: 1176

Merit: 1001

The most Professional Cryptocurrency Casino

Quote from: ralle14 on April 06, 2017, 02:02:37 AM

Of course it is always and will be profitable because of the house edge. For starting capitals maybe a few coins would do then just use moneypot to help you with your bankroll needs but take note that your profit would be low because you don't support the bankroll of your gambling site..

Not only because of the house edge but im still doubt about probably fair dice games, that's why i stop made a deposit at dice site maybe can be said i play dice game only for fun.

Rinder

hero member

Activity: 868

Merit: 500

Well if you have or build a safe platafform and honest and build trust between your costumers sure it will become a profitable business, outsite exchanges, gambling is the second place where are the most bitcoin investments.

bhadz

hero member

Activity: 2646

Merit: 584

Payment Gateway Allows Recurring Payments

Quote from: dossantosleite on April 06, 2017, 01:50:46 AM

Hello,

I saw that there are so many bitcoin dice gambling sites and new ones starting each day.
So my question is if owning such site is profitable?
How much starting capital would be needed to start dice gambling site?

I think it is not profitable anymore if you are going to own a gambling site. There are so many of them already and keep on making different type of gimmick just to get volumes of big gamblers. And with the capital, maybe you need to figure it out if you want to build in the middle type of casino, maybe 25BTC up.

Betwrong

legendary

Activity: 3500

Merit: 2246

🌀 Cosmic Casino

Quote from: milewilda on April 08, 2017, 02:51:42 AM

Quote from: Maslate on April 08, 2017, 02:42:32 AM

Quote from: batang_bitcoin on April 08, 2017, 01:27:25 AM

Quote from: dossantosleite on April 06, 2017, 01:50:46 AM

Hello,

I saw that there are so many bitcoin dice gambling sites and new ones starting each day.
So my question is if owning such site is profitable?
How much starting capital would be needed to start dice gambling site?

Right now the competition of gambling sites is very tough and I don't know if you will able to compete against those that has built trust and running for a lot of years. It will be profitable if you will be a popular and you had something new because most of them are just the same. Something like 100+ BTC is enough to build your own. For the transparency of your bankroll, I guess it's a good thing if gamblers will see that you've got enough.

Watch out for the competition, now we have edgeless who are very successful and their marketcap is growing, it's the gamblers that will make the dice casinos rich if they continue to gamble because obviously they have the advantage all the time. However, with this edgeless in the market, it will surely affect the business of dice casinos since people will choose to gamble on games that will give them a better chance.

Edgeless is possible but i could say that they arent permanent ans those are just promotions just to get good quantity of players and possible they can get a whale but when the time they saw that theres already lots of players then thats the time they impose edge because i cant really think of on a casino or gambling site that ran for a long time without edge.

I agree. 0% house edge and/or big amounts one can claim from the faucet are temporary promotions to make as many people as possible to register on your site. Once you have thousands of registered users you can change those things a bit. Of course it's not recommended to make the house edge greater than 1% or the faucet lesser than 150 satoshis because in that case even registered users will stop using the site let alone that this would be likely to result no new registrations.

meemiinii

sr. member

Activity: 504

Merit: 250

Quote from: --DarkSecrets-- on April 08, 2017, 02:19:18 AM

Quote from: klf on April 07, 2017, 11:51:35 PM

Quote from: --DarkSecrets-- on April 07, 2017, 11:32:09 PM

Quote from: dossantosleite on April 06, 2017, 01:50:46 AM

Hello,

I saw that there are so many bitcoin dice gambling sites and new ones starting each day.
So my question is if owning such site is profitable?
How much starting capital would be needed to start dice gambling site?

Yes , owning or running a bitcoin dice gambling is profitable knowing that bitcoin or altcoin dice is much popular because of its fast win or fast lossing way of playing gambling .but it need much work not only money for it to be successful.
I think about 8-10 btc to start is quite enough for some advertise and back up funds .

Are you sure you need only around 10 BTC to start a gambling site? It is very less for bankroll to maintain unless you're planning to come up with moneypot app so that you no need to worry about bankroll and just need to create a site and market your site. But still, 10 BTC is less for any bitcoin site to maintain and promote.

I am not sure with that ,but i think its big enough to run a gambling , i only estimated it and i think you are right because gambling dice is popular and what if theres a lucky one to have a jackpot and you couldn't pay .The reputation of your gambling will be not good .So if he is sure in establishing a gambling dice site he needs to canvas and ask some experts for better and accurate estimations.

i think this is quite enough too.. i even think that 10btc is quite enough just to begin with.. but all i can say that it doesnt stop there. the financial challenge there is the SUSTAINABILITY of the site. lets just say that 10btc has already used and consumed for paying the domain, developers, for the promotions, etc. but the question is, do you still have enough funds to sustain the site in the long run? i guess this is more than to be consider as well.

torry28

legendary

Activity: 1680

Merit: 1001

Quote from: hajimasan on April 07, 2017, 11:01:07 PM

Quote from: dossantosleite on April 06, 2017, 01:50:46 AM

Hello,

I saw that there are so many bitcoin dice gambling sites and new ones starting each day.
So my question is if owning such site is profitable?
How much starting capital would be needed to start dice gambling site?

Yes , this is a profitable business in the bitcoin business list .
But in reality this business of starting own casino for Gambling is really hardworking business in the starting and also it needed more money to start .
Here I believe that at least you need 5btc in stock for the gamblers and also you need 2-3 BTC for the advertisement of the casino Because without advertisement no more people will know you and your casino and also people needed more trust with your casino , so advertisement is a Important part of the gambling casino successful run .

5 btc as your site bankroll is too little IMO, you need at least 50-100 BTC for your bankroll. Just imagine if a whale comes to your site, and won with his 5 btc? You site will bankrupt a.k.a closed. Or you can offer investment option for your site,so your bankroll will be greater and max win in a bet also increased.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: Maslate on April 08, 2017, 02:42:32 AM

Quote from: batang_bitcoin on April 08, 2017, 01:27:25 AM

Quote from: dossantosleite on April 06, 2017, 01:50:46 AM

Hello,

I saw that there are so many bitcoin dice gambling sites and new ones starting each day.
So my question is if owning such site is profitable?
How much starting capital would be needed to start dice gambling site?

Right now the competition of gambling sites is very tough and I don't know if you will able to compete against those that has built trust and running for a lot of years. It will be profitable if you will be a popular and you had something new because most of them are just the same. Something like 100+ BTC is enough to build your own. For the transparency of your bankroll, I guess it's a good thing if gamblers will see that you've got enough.

Watch out for the competition, now we have edgeless who are very successful and their marketcap is growing, it's the gamblers that will make the dice casinos rich if they continue to gamble because obviously they have the advantage all the time. However, with this edgeless in the market, it will surely affect the business of dice casinos since people will choose to gamble on games that will give them a better chance.

Edgeless is possible but i could say that they arent permanent ans those are just promotions just to get good quantity of players and possible they can get a whale but when the time they saw that theres already lots of players then thats the time they impose edge because i cant really think of on a casino or gambling site that ran for a long time without edge.

Maslate

hero member

Activity: 2954

Merit: 672

Message @Hhampuz if you are looking for a CM!

Quote from: batang_bitcoin on April 08, 2017, 01:27:25 AM

Quote from: dossantosleite on April 06, 2017, 01:50:46 AM

Hello,

I saw that there are so many bitcoin dice gambling sites and new ones starting each day.
So my question is if owning such site is profitable?
How much starting capital would be needed to start dice gambling site?

Right now the competition of gambling sites is very tough and I don't know if you will able to compete against those that has built trust and running for a lot of years. It will be profitable if you will be a popular and you had something new because most of them are just the same. Something like 100+ BTC is enough to build your own. For the transparency of your bankroll, I guess it's a good thing if gamblers will see that you've got enough.

Watch out for the competition, now we have edgeless who are very successful and their marketcap is growing, it's the gamblers that will make the dice casinos rich if they continue to gamble because obviously they have the advantage all the time. However, with this edgeless in the market, it will surely affect the business of dice casinos since people will choose to gamble on games that will give them a better chance.

--DarkSecrets--

hero member

Activity: 854

Merit: 500

Stake & Vote or Become a IoTeX Delegate!

Quote from: klf on April 07, 2017, 11:51:35 PM

Quote from: --DarkSecrets-- on April 07, 2017, 11:32:09 PM

Quote from: dossantosleite on April 06, 2017, 01:50:46 AM

Hello,

I saw that there are so many bitcoin dice gambling sites and new ones starting each day.
So my question is if owning such site is profitable?
How much starting capital would be needed to start dice gambling site?

Yes , owning or running a bitcoin dice gambling is profitable knowing that bitcoin or altcoin dice is much popular because of its fast win or fast lossing way of playing gambling .but it need much work not only money for it to be successful.
I think about 8-10 btc to start is quite enough for some advertise and back up funds .

Are you sure you need only around 10 BTC to start a gambling site? It is very less for bankroll to maintain unless you're planning to come up with moneypot app so that you no need to worry about bankroll and just need to create a site and market your site. But still, 10 BTC is less for any bitcoin site to maintain and promote.

I am not sure with that ,but i think its big enough to run a gambling , i only estimated it and i think you are right because gambling dice is popular and what if theres a lucky one to have a jackpot and you couldn't pay .The reputation of your gambling will be not good .So if he is sure in establishing a gambling dice site he needs to canvas and ask some experts for better and accurate estimations.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: dossantosleite on April 06, 2017, 01:50:46 AM

Hello,

I saw that there are so many bitcoin dice gambling sites and new ones starting each day.
So my question is if owning such site is profitable?
How much starting capital would be needed to start dice gambling site?

Right now the competition of gambling sites is very tough and I don't know if you will able to compete against those that has built trust and running for a lot of years. It will be profitable if you will be a popular and you had something new because most of them are just the same. Something like 100+ BTC is enough to build your own. For the transparency of your bankroll, I guess it's a good thing if gamblers will see that you've got enough.

Herbert2020

legendary

Activity: 1946

Merit: 1137

Quote from: klf on April 07, 2017, 11:51:35 PM

Quote from: --DarkSecrets-- on April 07, 2017, 11:32:09 PM

Quote from: dossantosleite on April 06, 2017, 01:50:46 AM

Hello,

I saw that there are so many bitcoin dice gambling sites and new ones starting each day.
So my question is if owning such site is profitable?
How much starting capital would be needed to start dice gambling site?

Yes , owning or running a bitcoin dice gambling is profitable knowing that bitcoin or altcoin dice is much popular because of its fast win or fast lossing way of playing gambling .but it need much work not only money for it to be successful.
I think about 8-10 btc to start is quite enough for some advertise and back up funds .

Are you sure you need only around 10 BTC to start a gambling site? It is very less for bankroll to maintain unless you're planning to come up with moneypot app so that you no need to worry about bankroll and just need to create a site and market your site. But still, 10 BTC is less for any bitcoin site to maintain and promote.

you can start a gambling site with much much less money. even with something like $50=0.041BTC only paying the cost of the domain, hosting and the script that can even be free.
the costs however doesn't end there. you will have to advertise, do some promotional campaigns. and also have some money to pay people who win because you won't make profit the first day or first week. and unless you want to be tagged as a scam gambling site you have to plan ahead.
however, in the beginning people won't be winning much since they won't invest a lot because of trust and also there is always possibility of accepting investors to fill the bankroll.

coynedterm

hero member

Activity: 882

Merit: 500

Quote from: dossantosleite on April 06, 2017, 01:50:46 AM

Hello,

I saw that there are so many bitcoin dice gambling sites and new ones starting each day.
So my question is if owning such site is profitable?
How much starting capital would be needed to start dice gambling site?

Yeah , you are true and no doubt that daily new new announcement for the sites to launch in the bitcoin market but the most of the business sites are for the gambling , so here in the gambling casino sites business there are more competition then what is in the another sites so here I will suggest to not to start your own casino , but if you have lots of money then free to try to start your business .
My advice for you ( if you have small money ) to start any blog for the bitcoin or any bitcoin lottery ticket site that will be like the Gambling site , and in that ymway you can make big earning .

neochiny

hero member

Activity: 756

Merit: 503

Crypto.games

Quote from: dossantosleite on April 06, 2017, 01:50:46 AM

Hello,

I saw that there are so many bitcoin dice gambling sites and new ones starting each day.
So my question is if owning such site is profitable?
How much starting capital would be needed to start dice gambling site?

It's profitable as long as you can manage your gambling site correctly. having a good
community on your site will also help. good features, service, support etc... will help your
site to keep your customer and attract new customers.

How much capital yo will use will depend on how big or how small your gambling site
will be.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: dossantosleite on April 06, 2017, 01:50:46 AM

Hello,

I saw that there are so many bitcoin dice gambling sites and new ones starting each day.
So my question is if owning such site is profitable?
How much starting capital would be needed to start dice gambling site?

it is like any other business.
when one is successful, copycats start creating more and more and fail miserably. because as any other business it is not profitable on its own. you have to make it profitable. try to advertise it, get the word out, get people in,... and all other techniques. also the most important one is being unique and in a good way.
right now we keep seeing dice sites pop up with nothing new to offer, so that obviously has failure written all over it.

klf

legendary

Activity: 1344

Merit: 1000

Quote from: --DarkSecrets-- on April 07, 2017, 11:32:09 PM

Quote from: dossantosleite on April 06, 2017, 01:50:46 AM

Hello,

I saw that there are so many bitcoin dice gambling sites and new ones starting each day.
So my question is if owning such site is profitable?
How much starting capital would be needed to start dice gambling site?

Yes , owning or running a bitcoin dice gambling is profitable knowing that bitcoin or altcoin dice is much popular because of its fast win or fast lossing way of playing gambling .but it need much work not only money for it to be successful.
I think about 8-10 btc to start is quite enough for some advertise and back up funds .

Are you sure you need only around 10 BTC to start a gambling site? It is very less for bankroll to maintain unless you're planning to come up with moneypot app so that you no need to worry about bankroll and just need to create a site and market your site. But still, 10 BTC is less for any bitcoin site to maintain and promote.

--DarkSecrets--

hero member

Activity: 854

Merit: 500

Stake & Vote or Become a IoTeX Delegate!

Quote from: dossantosleite on April 06, 2017, 01:50:46 AM

Hello,

I saw that there are so many bitcoin dice gambling sites and new ones starting each day.
So my question is if owning such site is profitable?
How much starting capital would be needed to start dice gambling site?

Yes , owning or running a bitcoin dice gambling is profitable knowing that bitcoin or altcoin dice is much popular because of its fast win or fast lossing way of playing gambling .but it need much work not only money for it to be successful.
I think about 8-10 btc to start is quite enough for some advertise and back up funds .

hajimasan

hero member

Activity: 882

Merit: 500

Quote from: dossantosleite on April 06, 2017, 01:50:46 AM

Hello,

I saw that there are so many bitcoin dice gambling sites and new ones starting each day.
So my question is if owning such site is profitable?
How much starting capital would be needed to start dice gambling site?

Yes , this is a profitable business in the bitcoin business list .
But in reality this business of starting own casino for Gambling is really hardworking business in the starting and also it needed more money to start .
Here I believe that at least you need 5btc in stock for the gamblers and also you need 2-3 BTC for the advertisement of the casino Because without advertisement no more people will know you and your casino and also people needed more trust with your casino , so advertisement is a Important part of the gambling casino successful run .

Topic: bitcoin dice casinos. Is it profitable to have such casino? - page 2. (Read 2434 times)