Do these gambling sites make good money?

CryptoGamblingSites

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Quote from: bryant.coleman on September 02, 2018, 01:23:05 AM

Quote from: soar-x on August 22, 2018, 10:15:32 PM

And is it worth trying to recreate one? I would imagine it's already too saturated. Either way, I was mostly curious about how much these guys actually make (margin-wise). If anyone had some insight on this, I'd love to hear.

I heard that sites such as Prime Dice makes well over 1,000 BTC (7 million USD) a month. But they struggled a lot during the initial days and spent a fortune on promotional campaigns and bounties before rising to the top.

http://www.starsgroup.com/press-center/the-stars-group-news/the-stars-group-reports-fourth-quarter-and-full-year-2017-results-provides-2018-full-year-guidance

PokerStars did $1.3 Billion revenue in 2017 with $458M Adjusted Net Earnings.

So competitors have to take part of their market share by building something better and investing in the future product offered to players. There are hundreds of casino and sports betting sites that are out there also earning and spending similar amounts of real money.

nl247

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Quote from: bryant.coleman on September 02, 2018, 01:23:05 AM

Quote from: soar-x on August 22, 2018, 10:15:32 PM

And is it worth trying to recreate one? I would imagine it's already too saturated. Either way, I was mostly curious about how much these guys actually make (margin-wise). If anyone had some insight on this, I'd love to hear.

I heard that sites such as Prime Dice makes well over 1,000 BTC (7 million USD) a month. But they struggled a lot during the initial days and spent a fortune on promotional campaigns and bounties before rising to the top.

It is normal to struggle a lot in the start when there is a heavy competition and you need to do a lot to be able to gain some good recognition and not just end up down the drain. It is a tough one from start it usually worth it at the end for those who are able to bring something different to the table most times.

It is a very profitable venture with the way gamblers increase each day, more addicts are born and even while losing so much, it is hard for those in the level of addiction to control themselves.

Thanasis

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The online gambling is also a business like other field so not all the people can make money here,only the best will get more profits and the worst site can go into bankrupt too so the success and profits range will be based on how much they effort giving in this field.

jakezyrus

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gambling is gambling no matter what sites , strategy , cryptos , etc that you are using your chances of winning is still verry slim .
if you are looking a way to make a good money youd better try other profitable activities like working outside or start searching for a stable job that does not fully dependent on risk like what we already have on crypto or on playing a gambling .

anyways , there are still people who can manage to earn some cold cash in a gambling site but they did also loose a couple of times , so it doesnt makes sense at all to play gambling if you are only aiming for profits .

Janation

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Quote from: akosipepot on September 01, 2018, 06:03:04 PM

I think its fair to assume that as long as you still see any of these website online means that there's probably a good chance they're making some money at least, otherwise they can't stay open for business

That is right. The proof that there are still a lot of these gambling sites are being seen and being popular means that they are earning a lot or making good money on these sites or online casinos.

Also, another proof is that there are still a lot of people or investors that still wants to have or make their own online casinos. That is a proof that there are a lot of profit to these site though even there are a lot that earn, some are not that popular because of it's services or some of it's features.

bryant.coleman

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Quote from: soar-x on August 22, 2018, 10:15:32 PM

And is it worth trying to recreate one? I would imagine it's already too saturated. Either way, I was mostly curious about how much these guys actually make (margin-wise). If anyone had some insight on this, I'd love to hear.

I heard that sites such as Prime Dice makes well over 1,000 BTC (7 million USD) a month. But they struggled a lot during the initial days and spent a fortune on promotional campaigns and bounties before rising to the top.

Barbut

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Quote from: onrise on September 02, 2018, 12:09:52 AM

Quote from: akosipepot on September 01, 2018, 06:03:04 PM

I think its fair to assume that as long as you still see any of these website online means that there's probably a good chance they're making some money at least, otherwise they can't stay open for business

Yes they would be making money for sure due to which they are still existing else they would have wind up and nobody would or want to pay money from their pocket for very long. So this is probably assumes and also we need to consider how many new such sites are opening which will help us know if it is profitable or not.

Isn`t that a general rule for all businesses, why would they exist if they don`t make money? Like many other businesses, casinos need more users, just with more users they can earn enough to pay for high security, for new games, a lot of promotions, without users every business will collapse eventually. We don`t need to assume nothing, some casinos share that informations for public, you can check how many users they have, how much profit they make, for example I have some bitdice tokens, every quarter they share informations about last quarter and they pay out dividends depending on that profit to all token holders.

onrise

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Quote from: akosipepot on September 01, 2018, 06:03:04 PM

I think its fair to assume that as long as you still see any of these website online means that there's probably a good chance they're making some money at least, otherwise they can't stay open for business

Yes they would be making money for sure due to which they are still existing else they would have wind up and nobody would or want to pay money from their pocket for very long. So this is probably assumes and also we need to consider how many new such sites are opening which will help us know if it is profitable or not.

Caladonian

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Quote from: akosipepot on September 01, 2018, 06:03:04 PM

I think its fair to assume that as long as you still see any of these website online means that there's probably a good chance they're making some money at least, otherwise they can't stay open for business

As long as they are existing and not scamming their players, and keep building their reputations then we can say that the business are in good position, the outcome of their bankroll is multiplying allowing them to keep the business up, most of those reputable gambling site are really gaining from their business and also the reason why there's also lots of new servers/gambling house who wants to established their business as well.

akosipepot

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I think its fair to assume that as long as you still see any of these website online means that there's probably a good chance they're making some money at least, otherwise they can't stay open for business

Cacingkemi

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The answer is of course the host has many chances of winning so the gambling site is a place where they make good money continuously,but there are also those who are taken out by the players as examples of gambling sites that don't pay for the player are characteristic of the host's lose.The longer the image with a bad name and the more people don't want to play there.

Juliedarwin

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Gambling is the most likely using and doing by the people who really enjoying of what they are doing on gambling sites. But gambling is not making for money, it's just only for making happiness and you can not make money from gambling as your daily income.

Barcode_

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Quote from: Aikidoka on August 28, 2018, 12:22:50 PM

I believe that gambling sites makes lots of money. However, not all of them are trusted to begin with. Some gambling sites are still not famous and trustworthy because there are many scammers. The credibility, the staff team, and professionalism is what makes a gambling site more trustworthy. If you find a good staff team and a good support team who work in a professional way, then their gambling website will be famous in a matter of time.

I don't think that all the gambling sites in the market makes money, there were a lot of gambling sites that have already ceased their site operations, due to the fierce competition in the gambling market, owner of the gambling site would need to advertise the site regularly in order to attract players to play on the site, and advertising costs would not be cheap in the long term.

ocid

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Quote from: iMark on August 29, 2018, 12:02:30 AM

Quote from: Aikidoka on August 28, 2018, 12:22:50 PM

I believe that gambling sites makes lots of money. However, not all of them are trusted to begin with. Some gambling sites are still not famous and trustworthy because there are many scammers. The credibility, the staff team, and professionalism is what makes a gambling site more trustworthy. If you find a good staff team and a good support team who work in a professional way, then their gambling website will be famous in a matter of time.

Team professional work is indeed the main benchmark for running a business so that sites that will be managed can be successful, besides website promotion is also very important so that the site can be better known by many people and can be trusted by everyone

iqlimasyadiqa

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Quote from: soar-x on August 22, 2018, 10:15:32 PM

And is it worth trying to recreate one? I would imagine it's already too saturated. Either way, I was mostly curious about how much these guys actually make (margin-wise). If anyone had some insight on this, I'd love to hear.

I will never believe in the gambling game site. For me, the gambling site is a lie because the gambling game will never be able to give us income and benefits. It is very wrong if we consider gambling to be able to make money, because everything related to gambling is a very influential thing by luck.

So for anyone who considers gambling as a thing that makes money then it is a mistake !!!
look for things that are far more useful and indeed can certainly give us the opportunity to earn income !!!

fullhdpixel

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Quote from: Aikidoka on August 28, 2018, 12:22:50 PM

I believe that gambling sites makes lots of money. However, not all of them are trusted to begin with. Some gambling sites are still not famous and trustworthy because there are many scammers. The credibility, the staff team, and professionalism is what makes a gambling site more trustworthy. If you find a good staff team and a good support team who work in a professional way, then their gambling website will be famous in a matter of time.

Apparently, if they are not making shitloads of money, they won't even be anywhere in business again for a while now and would have packed up their bags back to where they came from.

Of course, gambling sites are making shit load of money daily if we tend to look at the way blockchain technology has brought about the ease for anyone to easily hit their system and just start gambling immediately with no one tagging them down. It is more like a casino having its door opened to the whole world.

batang_bitcoin

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Quote from: Getcoinsite on August 29, 2018, 02:19:09 AM

Quote from: batang_bitcoin on August 22, 2018, 10:29:40 PM

Quote from: soar-x on August 22, 2018, 10:15:32 PM

And is it worth trying to recreate one? I would imagine it's already too saturated. Either way, I was mostly curious about how much these guys actually make (margin-wise). If anyone had some insight on this, I'd love to hear.

If you have no idea then you don't have to.

The crypto gambling industry is totally crowded today and if you are longing to start one of it. I don't have an idea on how much they are making of it. Giving you an answer for each of your question is unanswerable.

Right on there mate,gambling business now are crowded and as we can see,many gambling sites now are dying and closing,just like the most long running signature campaigns that stands for gambling are now in trouble paying their participants means they are not gaining that good anymore not like the past when the gambling sector here are favorites.but no practicality wise gamblers are wise enough to bite every gamblings sites bait for them

Its crowded but if he's too challenged and wants to enter the competitive scene of crypto gambling industry, he can try.

I've witnessed those casino's that started to close last year and was followed by other casino's that are low profile. Think of it if you have guts to test and risk your money to start your own casino right away, I don't really think that its worth to take a shot.

fasdorcas

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Quote from: iMark on August 29, 2018, 12:02:30 AM

Quote from: Aikidoka on August 28, 2018, 12:22:50 PM

I believe that gambling sites makes lots of money. However, not all of them are trusted to begin with. Some gambling sites are still not famous and trustworthy because there are many scammers. The credibility, the staff team, and professionalism is what makes a gambling site more trustworthy. If you find a good staff team and a good support team who work in a professional way, then their gambling website will be famous in a matter of time.

Of course gambling sites will always be profitable and win, someone once offered script for gambling sites to me where the script always makes you or the house more likely to win. I think that's the strategy that exists on every gambling and casino site. they have a system where they are more likely to win

The likes of Fortune Jack and Cryptogames will not still be running their signatures after huge number of years and paying up their participants weekly with a good bonus if they are not really making a whole lot of money in the process.

From an article I read recently, the devs of cryptogames stated how the first few years of starting cryptogames was like and impressive was an understatement. I guess how impressive the profit was for them, actually speaks on the fact where the platform is still up and running since inception and adding more coins.

btctalk4life

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Quote from: hulla on August 29, 2018, 02:59:29 AM

Quote from: hahay on August 28, 2018, 10:10:16 PM

Quote from: hulla on August 28, 2018, 04:12:37 PM

Quote from: soar-x on August 22, 2018, 10:15:32 PM

And is it worth trying to recreate one? I would imagine it's already too saturated. Either way, I was mostly curious about how much these guys actually make (margin-wise). If anyone had some insight on this, I'd love to hear.

Just like there are many altcoin in crypto market so there's nothing bad in creating a gambling site if you all the requirement despite it been saturated already and I want you to know that every business have it own time of losses because the rules of business setting is to accept debt some time. With that side, yes gambling sites make good money.

Yes, having a gambling site I feel is very good and profitable, because there are many people who will be interested in playing. From the gambling site that you have you will get a good profit and I am sure about that, besides you can get income from every visitor who comes, on the gambling site you will also get lots of benefits because there are many players in it. There are many gambling sites in the crypto world, I'm sure you know about that, and there are many that have stood for a long time and still survive today, in contrast to the altc that many of them(altc) don't have a decent exchange rate on the market if the altc is lacking supporters or enthusiasts. So making and owning a gambling site I'm sure it's profitable.

Speaking of altcoin. I think it will be better if we have a crypto gambling sites that accept more altcoins like Monero, Dash, EOS or DAI rather than just BTC and BCH while some accept BTC and ETH only.

Yeah, it will be better if a gambling site have more other options to deposit like that because it will attract more people to come and play to the site.

Betwrong

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Quote from: milewilda on August 28, 2018, 01:10:43 PM

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Quote from: Betwrong on August 27, 2018, 02:25:05 PM

From what I know there's only one field of online gambling were it is still possible to create something which will be in demand among gamblers. It is poker. With the recent closing of poker section by established gambling sites a niche has been created and I constantly see like poker fans play on crappy sites just because they love the game. I'm talking about poker tournaments and table games where people can play against each other, not about video poker which is more like a slot game to me.

There are actually gambling sites that do offer poker but later on they do remove it due to lack of demand.I agree there are really gamblers who do seek out these card game but not totally even on those dice or slots.

If you mean that among gamblers there are much more admirers of dice and slots, then I agree with you. But what I meant is that poker segment is disproportionally smaller currently, and that there's real demand for high quality poker games. Idk, maybe it's expensive to maintain such games and it turn out to be unprofitable eventually, and maybe that's why many established gambling sites have closed poker sections recently, but, if that is the case, then we should look for platforms which are cheaper to maintain, because I'm sure that nowadays a good poker site is able to make good money.

Topic: Do these gambling sites make good money? (Read 621 times)