Topic: Do these gambling sites make good money? - page 4. (Read 621 times)

You topic's question is too vague. Which kind of gambling sites, do you have a preference? Some specific rulesets. Specific cryptos?
Give more information please.

Yes for sure they do make a good money from the gamblers themselves.Gambling is something that you cannot remove from the people knowing its the all time favorite of the classics up to the present.And of course running a gambling site will also mean a good investment once it will gain the trust of the gamblers.

Indeed, I also often want to run gambling sites because there are so many gambling sites that are famous for earning extraordinary income and I realize that gambling fans everywhere and will increase every year is an advantage to getting success in the future, but not easy in Current progress with many people who know first and make it especially in the seriousness of building it must be calculated by recruiting people and becoming a solid team, why not do things other than gambling? because I think in the world of gambling there is little chance of success with increasingly fierce competition, of course with more money spent.

Of course they do. Not every single one of them. There are only few casinos out there which stayed for long. It is hard to gain trust among gamblers and you should have a big investment to run things smoothly. House always wins.

Everyone thinks all these casinos are making millions of dollars worth of profit everyday but in reality those are just the big ones. I mean yeah of course primedice is making a killing on profits probably but do you think a website that no one heard also makes good profits ? No. They are one hack away from devastation.

Hence, if you look at primedice and see millions of dollars they are making and think "I should start one myself" than you are in for a bad time, it would require YEARS and insane amount of dollars to even become remotely trustworthy and get some wagers from anyone.

They absolutely do, and the bigger ones like Nitrogensports and Fortunejack likely make quite a bit, as these sites have started large signature campaigns costing them thousands of dollars per week in the past for advertising purposes, and they still advertise on many crypto sites, which would take a good amount of money to do.

High betting volume on bigger sites plus house edge means they're raking in the money.

As for starting a new site, it'll be extremely difficult as there's just so many sites out there that aren't terribly active or receiving lots of traffic. You'd need to stand out one way or another, such as in games or support speed/site layout for a site to be successful. It's not impossible, but it's just difficult nowadays. You'd also need financing for a decent bankroll to begin, and there's been lots of discussion regarding how big your bankroll should be for a starting casino (there's no definitive number).

Every business have their own luck.
When gambling combine with cryptocurrency as their transaction, it's become the seduction for themself to attract new gambler.
So as long as they have legit site and compacted community, I'm sure they able to earn more than they can expect !

They do make a fair amount of profit but there is a lot of competition right now especially with online gambling because there isn't much barrier to entry.  It's much more difficult to open a real life casino compared to an online one for obvious reasons.  New online gambling sites have trust issues and problems building a playerbase.  Most of the games have a very small house edge so the house is operating on a very slim margin.

In general, Gambling sites do makes a good money. However, this depends on how'd you'll market your idea.

Is it worth it?
Well, if you OP is just a start up given that you are short in budget. This would be a challenge on your side, especially, when you are in the phase of building and creating this site. A lot of trial errors would surely be come in your way, and given the fact you need a nice set of laptop/s, desktop/s and etc.

Another challenge would be the competition itself, given that there are already numbers of well established game gambling site, the competition is quite tight. Marketing would also be costly if you really wanted to have a good traffic and etc. As a star-up, it can literally maxed out your budget simply in the marketing stage.

If in a smarter way, given the situation. Let's say OP can sell it to some companies in which, they could agree to a terms or teaming up to those who have the money to market your idea. OP will probably in a Win-win or Win-lose situation. Win-win situation given that OP and his possible partners succeeded, both will benefit. Win-lose situation given that OP will still be in the win situation given that he/she didn't spend money that much (compare to it's partners) and retain its site (Well, that will depends on the agreement that could be made by OP). *This is just an idea, I came up with but if there's something wrong with it, It would be my pleasure if you could point it, out. Not only for me, but for OP too (maybe)*

In the end, this industry has a strong foundation. This is worth a try, just don't expect too much.

Yes, gambling site is profitable but it requires a good amount of money to start and make it popular. Advertisement is one of the best way that can't be ignored if a site want to increase the number of users to visit their sites. Gambling is a never ending business and if treated correctly, it will give a promising profits.

Gambling is one of the most profitable business but it may not be suitable for to own own casinos for some reasons,it has been in practice for centuries.Now the form of the casino just changed now we can get access from the place where we have been but it involves same risk in real world casinos so you are going to lose most of the time and the house is going to have more profits.
But the success of the site depends on how many people were playing there,if there are more people lot of money will be earned by them.

Crypto sports betting will be HUUUGGGEEE by the way

It hasn't scratched the surface and probably won't for a few years.

All this regulation in sports betting is not what everyone thinks, the betting sites get squeezed by the customers AND the government constantly. Either they have to make their games fit into certain rules, they need to pay more tax or they get fined.

The sportsbooks in legislated markets have to offer terrible lines because the cost involved in a regulated market with licensing and compliance staff, the crypto books will not have to deal with that if they aren't getting licensed. The hard part for crypto sportsbooks will be getting a long enough track record of never leaving a customer without being paid or always resolving problems....pokerstars did it in the US an cleaned up.

Yeah so you go get a job (or had one idk) at a sportsbook and make connections there and see what the business does and go build your product...

Starting as an outsider and asking if there is money in it is not a good starting point....

Having said that, does anyone want to start a new dice game and fund it with an ICO?!? Anyone?

I think it's still worth, gambling is never die business. My dream is opening a sportsbook betting with cryptocurrency and i think it's still worth to recreate one.

It depends if you at a good player you can win and win and win but if you are not you can lost lost and lost but don't lost you hope you can learn about if so you can Mai a good money of this gambling.

I will not say gambling is the best place for earning purposes as I know there people Eon the jackpot but at the same time they didn't made the fund continuously after the jackpot time.

I like the way of gambling evolve as the entertainment factor but I will not consider this as a options for making money with hard investment.

If this gambling sites don't make money, they shut down in no time. They can't just operate using money coming out from their pockets. Its not a good business if that's the case. That's why they pay a lot of money for advertising and public relations. They hire bloggers to review their site and provide feed back. Just look the the services section on how many signature campaigns are out there promoting gambling sites.

The stats of some sites have sometimes been shown on the forum and the numbers are impressive, but they didn’t get those numbers overnight. A crypto casino, if it works, can make you a multi-millionaire, but that’s a big if.

Competition is tough but I believe the market is still expanding, so there is room for more competitors.

Of course yes like in real life gambling or here in crypto gambling because they need money to run their business here so they need to earn too and no one will take risk for nothing so if you going to create your own gambling site better for you to have big money and a lot of knowledge first then find a good way to promote your site and new strategy to become popular

Its basically like going to Las Vegas and asking "Does Bellagio Make money"?

Yes of course they make money. However just because they make money doesn't mean you can follow their success.

Like you already said before, there are way too many sites out there and its pretty saturated. Especially with dice sites.

So you would need a new and unique idea to get your site to differ. When you have that, you need sufficient capital, which is probably at least a million or two just to provide the bankroll.

Someone can get lucky early in your sites operation and you will have to operate at a loss for a little while.

Then with promos, bounties and signature campaign you can promote the site, get more visitors and eventually more revenue.

However keep in mind that most of the newer sites just fail. Because their idea is all the same "dice" and people these days just go to FJ or Primedice to gamble there.