bitcoin dice casinos. Is it profitable to have such casino? - page 4.

boyptc

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Quote from: dossantosleite on April 06, 2017, 02:50:46 AM

So my question is if owning such site is profitable?

Yes, it is profitable if your site has hundreds / thousands of gamblers each day and keeps on attracting more gamblers and investors to come.

Quote from: dossantosleite on April 06, 2017, 02:50:46 AM

How much starting capital would be needed to start dice gambling site?

I think 50 BTC would be enough to start your own dice site but if you want to attract more gamblers you should start to attract investors too.

crairezx20

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Quote from: dossantosleite on April 06, 2017, 02:50:46 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 you can start make your own and i think it is profitable if you have a good gambling site but if you have no good terms or gambling site and no budget for promoting it useless.. you can gain a good traffic unless if you already trusted member here..

LuanX3

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Quote from: mindrust on April 07, 2017, 04:52:09 AM

Having an online casino is not much different than having a real life casino. You need to have a well developed security system for both typed if you want it to be profitable.

In a real life casino; you place security cameras, guards, big safes, smart croupiers if you don't want to get robbed.
In an online casino; you need to hire a good web developer (or a group of devs) if you don't want to get hacked. (unless you can do the coding)

That should be your biggest concern, security.

And then you need to know how to play the game as a house. You need to set up your max. bet amounts, your house edge etc. In other words, you should give yourself some advantages over players so you can make money. But it shouldn't be too much or else you'll lose players. If you don't give yourself some advantages then you'll be at players mercy and it won't make any sense to be the house.

Indeed, that is where most of the money of casinos go to. Security risks evolve each day and casinos must always keep up. Another thing that is expensive in running it is getting players to play at you casino. What's the point of having the best one if no one will play there, right? Keeping them in the casino is another thing too.

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Having an online casino is not much different than having a real life casino. You need to have a well developed security system for both types if you want it to be profitable.

In a real life casino; you place security cameras, guards, big safes, smart croupiers if you don't want to get robbed.
In an online casino; you need to hire a good web developer (or a group of devs) if you don't want to get hacked. (unless you can do the coding)

That should be your biggest concern, security.

And then you need to know how to play the game as a house. You need to set up your max. bet amounts, your house edge etc. In other words, you should give yourself some advantages over players so you can make money. But it shouldn't be too much or else you'll lose players. If you don't give yourself some advantages then you'll be at players mercy and it won't make any sense to be the house.

HKGolden

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Quote from: LEEMEEGO on April 07, 2017, 03:21:30 AM

Quote from: dossantosleite on April 06, 2017, 02:50:46 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?

having or owning a gambling site and online casino is always makes you to have big profits especially that there are so much people who are really willing to spend so much just to gamble. but you also have to consider your site that it should be catchy to the gamblers. i mean it must be attractive to gamblers and make sure that you have a 24/7 support hotline because gamblers dont want to wait days just for a ceratin problem to be resolve. it discourages them a lot.

It is really depends, as OP said, ''so many bitcoin dice gambling sites and new ones starting each day.''
You need to have good Promotion, Design, Support etc. to attract players to play in your new site.

(Let's think about this way,
if your new site is just the same as the site which the player used to be play there,
why he need to change and play in your site?)

So I think to invest in some Dice Sites, maybe also a good idea for OP.

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Quote from: shield132 on April 06, 2017, 03:11:48 PM

Quote from: dossantosleite on April 06, 2017, 03:12:41 AM

Quote from: ralle14 on April 06, 2017, 03:02:37 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..

But it's not too late to jump in this niche? I mean, there so many dice gambling sites..its not already saturated?

Unfortunately you are right, now is really late time to start dice website because nowdays there are many of them which offer fantastic promotions and etc, they gained trust and it's hard to build better trust and get popular. It's late but with good advertisements and good marketing, it's not problembut it requires some time and huge amount of money but worths. To my mind for you it's better to try bitcoin casino with poker, slotd and etc because there aren't many of them.
Also you said that 10 btc is a lot of money. In dice it's not big because there are many players who play from 0.1 to 1btc and higher.

I don’t think its too late. If you can put up decent amount of Money development and develop a good design, UI website and get great promotions it is definetly a way of making Money. I believe if you use moneypot the amount you need drops a whole lot as well.

There are also ways and games where people gamble against each other like poker, rock paper scissors, hi/lo and coin flip.

In any case, you could have made a casino for under 1 btc and get bigger back in the day, now if you want to be a great casino you need at least 10 btc marketing to start with, if possible even more.

LEEMEEGO

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Quote from: dossantosleite on April 06, 2017, 02:50:46 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?

having or owning a gambling site and online casino is always makes you to have big profits especially that there are so much people who are really willing to spend so much just to gamble. but you also have to consider your site that it should be catchy to the gamblers. i mean it must be attractive to gamblers and make sure that you have a 24/7 support hotline because gamblers dont want to wait days just for a ceratin problem to be resolve. it discourages them a lot.

LuanX3

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Quote from: michkima on April 07, 2017, 01:43:59 AM

Quote from: dossantosleite on April 06, 2017, 02:50:46 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, it is a hell lot of profitable if you ask me. The problem is that, what differentiates a good casino from the bad ones will depend on the operator himself. He has to promote it well and keep players playing in the casino. Most of the time gamblers just go into casinos, get the bonus or promotions and then leave and never return again.

I agree, there have been plenty of casinos that came and go not because they closed it because they wanted to but because they are losing more money in operating costs. The cost of running one is high for sure as you have to pay for servers and people to maintain it. The cost of even creating your own casino is already high too.

michkima

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Quote from: dossantosleite on April 06, 2017, 02:50:46 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, it is a hell lot of profitable if you ask me. The problem is that, what differentiates a good casino from the bad ones will depend on the operator himself. He has to promote it well and keep players playing in the casino. Most of the time gamblers just go into casinos, get the bonus or promotions and then leave and never return again.

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Quote from: torry28 on April 06, 2017, 11:39:42 PM

Quote from: Nagadota on April 06, 2017, 08:05:19 PM

It's more profitable to invest in the bankrolls of existing sites, since you know that you're betting on the house and therefore will win in the long term even if too many people join the bankroll.

Not really, investing in any existing sites or wherever you want also has risk. You could lose your money if that gone for forever (you got scammed). But if OP has big bankroll, i would like to suggest him to split his money to his own gambling site and invest in existing gambling sites. With this way he can minimize his chance to get scammed or maximize his profit.

you can't judge anything if you didn't experience to have a casino or at least invest on a casino bankroll. we are talk here just based on random opinion , so let's limit it , we have seen a lot of bitcoin casino popping up recently , you know why ? it's indeed because they see it as an opportunity , a lot of casino survive for long time due the law of -EV and got a promising profit for long time enough .

Golftech

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Quote from: noictib on April 07, 2017, 12:07:58 AM

Quote from: dossantosleite on April 06, 2017, 02:50:46 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?

Ofcourse these types of owning casinos are profitable but you should think and start in better way .
You need to have atleast 1-2 bitcoin to start your casino for the gambling purpose and second most important thing that is a real factor of earning is " advertisement" Because without advertisement no one will know about you and your trust with casino .
Beside of the casino you can start your own faucet site and give a option for the gambling ( like freebitco.in ) .

for starting that's really a good tips mate, provide more from advertisement and be true from what you are offering having an a+ ratings from those who's gonna try your service would be your advantage but fro sure its really an expensive journey bit if you do succeed you will be able to earn decent profits from this business.

ImHash

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Sure why the hell not? you go ahead and launch a new online casino but be aware of the big/trusted/well established services not to dry you out with their large bankrolls. and obviously you'll end up cheating the gamblers after running fair and legit for a while seeing there are some strategists gamblers drying you out everyday.

But if you set some house edge and have more than 100BTC in your bankroll then deploying provably fair mechanism and have a user friendly design/ interface/ platform and of course if you heavily/ widely/ massively advertise because advertising is the golden rule, lets be honest even God advertised by sending thousands of prophets

people need to know that you exist, they need to get to know you closely, you need to become a part of their daily lives.

Also an important rule: you need to be a high ranking member of forum and a trusted one with no negative trust.

Anyways I know that you'll end up like many ( cheating, because in gambling you either cheat or they will cheat you).

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Quote from: dossantosleite on April 06, 2017, 02:50:46 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?

Ofcourse these types of owning casinos are profitable but you should think and start in better way .
You need to have atleast 1-2 bitcoin to start your casino for the gambling purpose and second most important thing that is a real factor of earning is " advertisement" Because without advertisement no one will know about you and your trust with casino .
Beside of the casino you can start your own faucet site and give a option for the gambling ( like freebitco.in ) .

torry28

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Quote from: Nagadota on April 06, 2017, 08:05:19 PM

It's more profitable to invest in the bankrolls of existing sites, since you know that you're betting on the house and therefore will win in the long term even if too many people join the bankroll.

Not really, investing in any existing sites or wherever you want also has risk. You could lose your money if that gone for forever (you got scammed). But if OP has big bankroll, i would like to suggest him to split his money to his own gambling site and invest in existing gambling sites. With this way he can minimize his chance to get scammed or maximize his profit.

ufaiz50

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Quote from: dunfida on April 06, 2017, 10:06:09 PM

Quote from: maydna on April 06, 2017, 09:38:20 PM

Quote from: Oilacris on April 06, 2017, 08:54:58 PM

Quote from: KuromaYoichi on April 06, 2017, 12:34:12 PM

Quote from: dossantosleite on April 06, 2017, 08:10:58 AM

Quote from: Oilacris on April 06, 2017, 08:05:48 AM

Quote from: dossantosleite on April 06, 2017, 02:50:46 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?

Counting each of them as of now in the market would really be many and yes gambling sites is profitable if you already passed the state on hardships or challenges when you are just a new site.Its not easy to gain trust to public and if you are thinking to build a new site then its better to think on a new site which isnt on the market or unique among others because if you plan to build a dice site again then i can say it would be a hard stuff to compete among those who are older than you.

Maybe add some other games, which isn't in other websites.
What you think, how much these dice gambling site owners are earning per month ?

Don't know the ammount but it always depends on the active player on the casino, if the casino has many active players, then surely the income will be way higher than the one with few active player. The hard part is promoting your casino, attracting players, gaining their trust, providing them with entertaiment and services and keep them happy to throw money at your casino.

Yes theres no accurate answer when we are talking about profits of a gambling site or casino site because it does really depends on how many active players who are playing on your site.It does really have a difference compared to others but there are some cases which they have small numbers of players but most of them are whales which also gives decent profits for the site.

beside that in the first month until three month, i think its normal if we don't have enough players so our profit is not bigger but if we have grow profit from started, then it still profitable for us. having more players or visitor is depend from our promotion that we do, with place our ads in every where, it could makes people see our site and we are having opportunity for getting new visitor. if we make promotion then we need to be patience to see new visitor that will come into our site.

Proper advertising would really be also the key on the success of your gambling site because if you focus on this one you are attracting people to play on your site but it would still depend if your site is good in terms of fairness,support and interface.People do really love to play if they saw that the site is trustable.

it's true, advertising is the key to make your website stand although it has a large fund and the house edge makes a profit it will not be long if your advertising is not appealing and less precise. not only gambling sites I also see a lot of online sites are good but lack the advertising section became abandoned in the near future.

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Quote from: maydna on April 06, 2017, 09:38:20 PM

Quote from: Oilacris on April 06, 2017, 08:54:58 PM

Quote from: KuromaYoichi on April 06, 2017, 12:34:12 PM

Quote from: dossantosleite on April 06, 2017, 08:10:58 AM

Quote from: Oilacris on April 06, 2017, 08:05:48 AM

Quote from: dossantosleite on April 06, 2017, 02:50:46 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?

Counting each of them as of now in the market would really be many and yes gambling sites is profitable if you already passed the state on hardships or challenges when you are just a new site.Its not easy to gain trust to public and if you are thinking to build a new site then its better to think on a new site which isnt on the market or unique among others because if you plan to build a dice site again then i can say it would be a hard stuff to compete among those who are older than you.

Maybe add some other games, which isn't in other websites.
What you think, how much these dice gambling site owners are earning per month ?

Don't know the ammount but it always depends on the active player on the casino, if the casino has many active players, then surely the income will be way higher than the one with few active player. The hard part is promoting your casino, attracting players, gaining their trust, providing them with entertaiment and services and keep them happy to throw money at your casino.

Yes theres no accurate answer when we are talking about profits of a gambling site or casino site because it does really depends on how many active players who are playing on your site.It does really have a difference compared to others but there are some cases which they have small numbers of players but most of them are whales which also gives decent profits for the site.

beside that in the first month until three month, i think its normal if we don't have enough players so our profit is not bigger but if we have grow profit from started, then it still profitable for us. having more players or visitor is depend from our promotion that we do, with place our ads in every where, it could makes people see our site and we are having opportunity for getting new visitor. if we make promotion then we need to be patience to see new visitor that will come into our site.

Proper advertising would really be also the key on the success of your gambling site because if you focus on this one you are attracting people to play on your site but it would still depend if your site is good in terms of fairness,support and interface.People do really love to play if they saw that the site is trustable.

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Quote from: Oilacris on April 06, 2017, 08:54:58 PM

Quote from: KuromaYoichi on April 06, 2017, 12:34:12 PM

Quote from: dossantosleite on April 06, 2017, 08:10:58 AM

Quote from: Oilacris on April 06, 2017, 08:05:48 AM

Quote from: dossantosleite on April 06, 2017, 02:50:46 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?

Counting each of them as of now in the market would really be many and yes gambling sites is profitable if you already passed the state on hardships or challenges when you are just a new site.Its not easy to gain trust to public and if you are thinking to build a new site then its better to think on a new site which isnt on the market or unique among others because if you plan to build a dice site again then i can say it would be a hard stuff to compete among those who are older than you.

Maybe add some other games, which isn't in other websites.
What you think, how much these dice gambling site owners are earning per month ?

Don't know the ammount but it always depends on the active player on the casino, if the casino has many active players, then surely the income will be way higher than the one with few active player. The hard part is promoting your casino, attracting players, gaining their trust, providing them with entertaiment and services and keep them happy to throw money at your casino.

Yes theres no accurate answer when we are talking about profits of a gambling site or casino site because it does really depends on how many active players who are playing on your site.It does really have a difference compared to others but there are some cases which they have small numbers of players but most of them are whales which also gives decent profits for the site.

beside that in the first month until three month, i think its normal if we don't have enough players so our profit is not bigger but if we have grow profit from started, then it still profitable for us. having more players or visitor is depend from our promotion that we do, with place our ads in every where, it could makes people see our site and we are having opportunity for getting new visitor. if we make promotion then we need to be patience to see new visitor that will come into our site.

Oilacris

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Quote from: KuromaYoichi on April 06, 2017, 12:34:12 PM

Quote from: dossantosleite on April 06, 2017, 08:10:58 AM

Quote from: Oilacris on April 06, 2017, 08:05:48 AM

Quote from: dossantosleite on April 06, 2017, 02:50:46 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?

Counting each of them as of now in the market would really be many and yes gambling sites is profitable if you already passed the state on hardships or challenges when you are just a new site.Its not easy to gain trust to public and if you are thinking to build a new site then its better to think on a new site which isnt on the market or unique among others because if you plan to build a dice site again then i can say it would be a hard stuff to compete among those who are older than you.

Maybe add some other games, which isn't in other websites.
What you think, how much these dice gambling site owners are earning per month ?

Don't know the ammount but it always depends on the active player on the casino, if the casino has many active players, then surely the income will be way higher than the one with few active player. The hard part is promoting your casino, attracting players, gaining their trust, providing them with entertaiment and services and keep them happy to throw money at your casino.

Yes theres no accurate answer when we are talking about profits of a gambling site or casino site because it does really depends on how many active players who are playing on your site.It does really have a difference compared to others but there are some cases which they have small numbers of players but most of them are whales which also gives decent profits for the site.

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It's more profitable to invest in the bankrolls of existing sites, since you know that you're betting on the house and therefore will win in the long term even if too many people join the bankroll.

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Quote from: dossantosleite on April 06, 2017, 03:12:41 AM

Quote from: ralle14 on April 06, 2017, 03:02:37 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..

But it's not too late to jump in this niche? I mean, there so many dice gambling sites..its not already saturated?

Unfortunately you are right, now is really late time to start dice website because nowdays there are many of them which offer fantastic promotions and etc, they gained trust and it's hard to build better trust and get popular. It's late but with good advertisements and good marketing, it's not problembut it requires some time and huge amount of money but worths. To my mind for you it's better to try bitcoin casino with poker, slotd and etc because there aren't many of them.
Also you said that 10 btc is a lot of money. In dice it's not big because there are many players who play from 0.1 to 1btc and higher.

Topic: bitcoin dice casinos. Is it profitable to have such casino? - page 4. (Read 2423 times)