Do these gambling sites make good money? - page 5.

maydna

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Quote from: soar-x on August 22, 2018, 11:15:32 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.

of course, gambling sites make a lot of money but unfortunately, we don't know how much money they can make unless the owner decided to tell us. but I don't think that the owner will tell us because it's a secret and only the owner that will know and nobody will know about how bigger the profit. maybe you can create a new gambling site with your money and let see how much money you can earn in monthly so you know how much profit that gambling site can earn.

NewCryptocasinos

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Gamble Responsibly

Quote from: CryptoGamblingSites on August 23, 2018, 03:10:34 AM

Quote from: Omikifuse on August 23, 2018, 03:02:44 AM

It is very expensive and you need a good reserve to cover upkeep and pay bets; Do you have it?

Don't pretend not having money hasn't stopped people from starting gambling sites before

OP has an idea...and we should encourage him to create a gambling site...because it's easy money obviously...

First he needs a whitepaper and a good team to market the ICO... Then he can start his crappy gambling site or run off with people's money, like all of the current ICO's trying to raise millions to launch gambling sites.

Ha Ha Well Said Grin

CryptoGamblingSites

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Quote from: Omikifuse on August 23, 2018, 03:02:44 AM

It is very expensive and you need a good reserve to cover upkeep and pay bets; Do you have it?

Don't pretend not having money hasn't stopped people from starting gambling sites before

OP has an idea...and we should encourage him to create a gambling site...because it's easy money obviously...

First he needs a whitepaper and a good team to market the ICO... Then he can start his crappy gambling site or run off with people's money, like all of the current ICO's trying to raise millions to launch gambling sites.

CryptoGamblingSites

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The market wouldnt be so over saturated with real money and crypto casinos, poker sites and sports betting if there weren't money to be made.

The NEWER ones do NOT make good money. It is very hard to create a competitive product and get traction for consistent profit.

You need a team behind any gambling site that knows what they are doing or you would just create a piece of crap like so many others that get shit on in the forums before they close.

Omikifuse

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It is very expensive and you need a good reserve to cover upkeep and pay bets; Do you have it?

Juggy777

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Quote from: soar-x on August 22, 2018, 11:15:32 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.

All the big gambling sites are making loads of money, however this can't be said of small and mid size online gambling sites. It takes quiet a while before your brand gets established, plus you'll incur marketing expenses, getting users to trust you won't happen overnight, it'll take quiet a while.

No one can give you any accurate amount, but if you want to judge their earning see their bets on a average basics, you'll get an idea.

If you're planing to interpret what they have done, I would advise you against it, it's over saturated plus you won't be able to offer the promotional deals for long, and if you pay late even by a day your casino will be labeled as a scam.

Gambling business is not for newbies, if you plan to start a gambling casino, make sure you get an experienced person on board to help you.

NewCryptocasinos

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Quote from: soar-x on August 22, 2018, 11:15:32 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.

The majority of them make a lot of money. however its very expensive and risky to start a gambling site, you need to make sure you have a good cash balance for marketing and if someone in a early stage win big.

nl247

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Would they still be in existence if it is not profitable? I guess not! However, trying to recreate one which you candidly accept that it is a saturated space already, you will have to come up with something unique or probably try to do some things better than the old ones in the game already for a while now.

If you cannot achieve this, then, you will just end up like wannabes that could not keep up and probably dead or close to dying by now. The fact that it is a profitable business does not mean you can just clone or come up with anything and just start making shitload of profit.

STT

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Gambling is a classic business, if done well it should be perform well in earnings. But to just duplicate other sites seems like an expensive lesson to learn. I wouldnt bother especially until you have a particular unique idea to get customers in and to stay with you, also alot of flair and skill in overall operation would do no harm either.

I dont think I'd describe it as easy because there is so much competition but its true fast growth is there if you do find a niche feature to build on

batang_bitcoin

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Quote from: soar-x on August 22, 2018, 11:15:32 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.

SyGambler

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guess who's back

Quote from: soar-x on August 22, 2018, 11:15:32 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.

it depends on the site and what games they offer , the short answer is yes they are manking relatively big money
for example most of the sportsbetting sites here in the crypto market are affiliated with odds providers , for example bitcoinrush makes 2% of all the bets placed on their sportsbook
other sportsbooks may not be affiliated with odds provider , but usually the odds there lower which makes them money as well since their customers can get more profit using other sites

also all slots and live dealers are affiliated with other partners and the sites make a certain percentage from their players' wagers

so there is no simple answer cause some sites are more popular than others , but the short answer is that they are making good money

soar-x

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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.

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