Gambling sites earnings? | Bitcointalksearch.org

goinmerry

legendary

Activity: 2940

Merit: 1083

Quote from: roadbits on May 21, 2017, 01:06:25 PM

We have two types of gambling one is skill games and another one is casino games. the skill gamblers winning percentage is higher than casino gamblers. And the slot games casino will make a huge profit because they have control of there games. But the sportsbook will depend on the game result. So according to me the slot games casinos will earn huge money to compare sportsbooks. Finally the casinos are always in profit side.

For earnings stats for both casinos and sportsbooks, I think they are just the same. We just realized that casino games can give more money to the owner since it's pure based luck and the games here are having fast results.

But if we look at the inside stuff of those sportsbooks, we don't have an access to their databases of bets so we can't say that they are far away from generating money for the owners compare to casinos. There are also lots of losses in sportsbooks especially with those high odds that is worth to bet ranging from @5 above which I think have a maximum average of bet around BTC1 based on my observation. And that is only a single game so how about if we will include on the others. And final point, they will not run continously if they found sportsbooking only giving an earnings that is not that much.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

The bigger question that lingers within me right now is how do these sportsbook manage on profiting knowing that most gamblers know who and what to bet on a given event. I understand that luck-based games do get their profits regularly since there are no known strategies to win on dice. Even if high rollers win, there would still be some profits to be claimed as well. But for sports bookies, that is really a tough question unless they post their stats.

roadbits

legendary

Activity: 1092

Merit: 1000

Quote from: MFahad on May 21, 2017, 01:35:33 AM

Quote from: Skarner21 on May 11, 2017, 06:01:25 PM

I could not imagine about 99% gambers loses because there are some site that you can easily win and make a good profit like in sports betting.. unlessif you are gamble in the place where more people are loses like slots game or dice game those games are just for fun in my opinion..
Those owners of those site i am sure they are making a good earnings as owners of their casino site.. because gambling is just for fun they can push to hard the game to lose and defeat gamblers.. this is what i am just thinking because if we are just gamble with computer sample a game not a gambling game but its dice game i can win more there but in gambling casino is not..

I also couldn't think about 99% gamblers loss their money in gambling.
I don't think it is true, because in my observation, the number of gamblers is increasing, behind the reason, people have earning from gambling.
Therefore they are playing gambling, and about the gambling sites, i believe they have also good earning, i am surprised in everyday new sites are coming, because all gambling owners have good source of income from it.

We have two types of gambling one is skill games and another one is casino games. the skill gamblers winning percentage is higher than casino gamblers. And the slot games casino will make a huge profit because they have control of there games. But the sportsbook will depend on the game result. So according to me the slot games casinos will earn huge money to compare sportsbooks. Finally the casinos are always in profit side.

MFahad

hero member

Activity: 2506

Merit: 645

Eloncoin.org - Mars, here we come!

Quote from: Skarner21 on May 11, 2017, 06:01:25 PM

I could not imagine about 99% gambers loses because there are some site that you can easily win and make a good profit like in sports betting.. unlessif you are gamble in the place where more people are loses like slots game or dice game those games are just for fun in my opinion..
Those owners of those site i am sure they are making a good earnings as owners of their casino site.. because gambling is just for fun they can push to hard the game to lose and defeat gamblers.. this is what i am just thinking because if we are just gamble with computer sample a game not a gambling game but its dice game i can win more there but in gambling casino is not..

I also couldn't think about 99% gamblers loss their money in gambling.
I don't think it is true, because in my observation, the number of gamblers is increasing, behind the reason, people have earning from gambling.
Therefore they are playing gambling, and about the gambling sites, i believe they have also good earning, i am surprised in everyday new sites are coming, because all gambling owners have good source of income from it.

michkima

hero member

Activity: 896

Merit: 514

Quote from: npredtorch on May 12, 2017, 12:50:38 AM

Quote from: marcuslong on May 11, 2017, 06:40:24 PM

Depends on the type of gambling and depends on how many player play everyday let say that that website has 25players a dayor maybe more and 2% of it are placing big bets and 85% of that player will lose maybe it will be almost 100btc bitcoin a month

Just another add up will be the casino reliability against abuses and amount of rewards for their players. For the first factor, casinos will surely have zero profit if their security is not tight enough to avoid exploits/etc. On the second factor, it will also depends on how they are active on giving promotional rewards. If they are active, it may give more profit since they'll attract more players.

I guess that profit will all vary on how they handle the casino. Something like will they do it as their main business which they'll put a lot of time to develop and to constantly update.

Promotions and other running costs does really eat up most of the casino's earnings. So when they do earn something, the must use that to boost player count and keep them playing then the cost of security is priority number one, because like you said they wont profit if every player is able to cheat.

npredtorch

legendary

Activity: 1246

Merit: 1049

Quote from: marcuslong on May 11, 2017, 06:40:24 PM

Depends on the type of gambling and depends on how many player play everyday let say that that website has 25players a dayor maybe more and 2% of it are placing big bets and 85% of that player will lose maybe it will be almost 100btc bitcoin a month

Just another add up will be the casino reliability against abuses and amount of rewards for their players. For the first factor, casinos will surely have zero profit if their security is not tight enough to avoid exploits/etc. On the second factor, it will also depends on how they are active on giving promotional rewards. If they are active, it may give more profit since they'll attract more players.

I guess that profit will all vary on how they handle the casino. Something like will they do it as their main business which they'll put a lot of time to develop and to constantly update.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: marcuslong on May 11, 2017, 06:40:24 PM

Depends on the type of gambling and depends on how many player play everyday let say that that website has 25players a dayor maybe more and 2% of it are placing big bets and 85% of that player will lose maybe it will be almost 100btc bitcoin a month

It does really depend and we cant really point out on how much they are profiting on a single day because there are times which there are players managed to win some huge amounts but knowing about gambling sites they would still remain the winner of the end of the day thats why gambling business is really profitable if it would succeed but if not then it would really takes time for it to be notice by everybody depending on the marketing strategy.

Vaskiy

legendary

Activity: 2646

Merit: 1106

DGbet.fun - Crypto Sportsbook

Quote from: marcuslong on May 11, 2017, 06:40:24 PM

Depends on the type of gambling and depends on how many player play everyday let say that that website has 25players a dayor maybe more and 2% of it are placing big bets and 85% of that player will lose maybe it will be almost 100btc bitcoin a month
Recently in an post read that yolodice has made a net profit of more than 1000btc within few months time. It's a new gambling website, so profiting of gambling sites seems high based on the investment they make on it along with the continued development team support with unique games.

marcuslong

legendary

Activity: 1036

Merit: 1002

Depends on the type of gambling and depends on how many player play everyday let say that that website has 25players a dayor maybe more and 2% of it are placing big bets and 85% of that player will lose maybe it will be almost 100btc bitcoin a month

virasisog

hero member

Activity: 1820

Merit: 537

Quote from: Idrisu on May 05, 2017, 02:15:21 AM

Gambling site are making a very great fortune if you don't know op. Ninety-nine percent of the gambler loses money and 1% actually makes fortune from gambling therefore gambling sites make Ninety-nine percent of all the money invested in gambling.another reason that you should know that gambling sites are making great profit is for you to look at their life style and the heavy amount they are investing in advertisement and marketing.

They are the ones who earned big money ,gamblers are frequently loss in games and only some of the players who only win .in any percentage of income ,we don't know but it is a sure thing that we can't beat the house or casino they will only continue earning from the people who doesn't know how to make advantage on games.

Skarner21

hero member

Activity: 700

Merit: 500

Massive price drop coming...

I could not imagine about 99% gambers loses because there are some site that you can easily win and make a good profit like in sports betting.. unlessif you are gamble in the place where more people are loses like slots game or dice game those games are just for fun in my opinion..
Those owners of those site i am sure they are making a good earnings as owners of their casino site.. because gambling is just for fun they can push to hard the game to lose and defeat gamblers.. this is what i am just thinking because if we are just gamble with computer sample a game not a gambling game but its dice game i can win more there but in gambling casino is not..

Winner

legendary

Activity: 1190

Merit: 1000

Look ARROUND!

Bitcoin gambling websites make a bunch of money. I think that the whole gambling niche makes a bunch of money with Bitcoin because the owners of the regular casino's already know how to get more money for their fiat if they change their money to Bitcoin. If the Casino owners traded their Fiat for Bitcoin a few years ago then they would more than doubled their money and would have the money to promote more Casino's because of their investment.

Idrisu

sr. member

Activity: 924

Merit: 260

Gambling site are making a very great fortune if you don't know op. Ninety-nine percent of the gambler loses money and 1% actually makes fortune from gambling therefore gambling sites make Ninety-nine percent of all the money invested in gambling.another reason that you should know that gambling sites are making great profit is for you to look at their life style and the heavy amount they are investing in advertisement and marketing.

Kevin77

legendary

Activity: 1652

Merit: 1057

Quote from: michkima on May 04, 2017, 10:19:37 PM

Quote from: poplolnman on May 04, 2017, 01:36:59 PM

Quote from: onrise on May 04, 2017, 12:14:23 AM

Mostly majority gambling sites or casinos whether its private or public will definitely be earning profits due to which they are still running. Nobody of them is actually doing any charity that they will keep on running in losses. Either they are being funded or they made profits.

i think primedice have experienced a huge lost when they claimed has been compromised by user hufflepuff who have successfully cashed out 2,000 bitcoin . they keep running even in huge lost , as they know sooner or later as long as they have financial resilience they would get the lost covered and even get the site profit back . so far so good , they are back on top as the best dice site around.

That's a good story, but they could have prevented this if they did not leave that much money in their hotwallets and had some sort of security to prevent such a thing to happen to their site. Well, we all learn from our mistakes and for sure primedice has learned from this and have done every measure to prevent it in the future.

But I remember cashing out of 2k bitcoins was not happening on one single day and even after primedice has noticed about one gambler's continuous successful finish of dicing, they kept paying him as they could not find any malfunctioning within his gambling activities. Only after a long run they realized that user had cracked the way how secret hashing numbers are being generated. But till then he claimed cashing out ~2k bitcoins.

I do see this incident must be a good example for how much a gambling site earning. Primedice were affordable to lose 2k bitcoins, then they must be earning more than that in their 4 years time (till date). If we consider the time frame of hufflepuff incident, they must have managed to be with profits of at least 2k bitcoins in less than 2 years running in a wild guess work.

michkima

hero member

Activity: 896

Merit: 514

Quote from: poplolnman on May 04, 2017, 01:36:59 PM

Quote from: onrise on May 04, 2017, 12:14:23 AM

Mostly majority gambling sites or casinos whether its private or public will definitely be earning profits due to which they are still running. Nobody of them is actually doing any charity that they will keep on running in losses. Either they are being funded or they made profits.

i think primedice have experienced a huge lost when they claimed has been compromised by user hufflepuff who have successfully cashed out 2,000 bitcoin . they keep running even in huge lost , as they know sooner or later as long as they have financial resilience they would get the lost covered and even get the site profit back . so far so good , they are back on top as the best dice site around.

That's a good story, but they could have prevented this if they did not leave that much money in their hotwallets and had some sort of security to prevent such a thing to happen to their site. Well, we all learn from our mistakes and for sure primedice has learned from this and have done every measure to prevent it in the future.

poplolnman

legendary

Activity: 1442

Merit: 1008

Quote from: onrise on May 04, 2017, 12:14:23 AM

Mostly majority gambling sites or casinos whether its private or public will definitely be earning profits due to which they are still running. Nobody of them is actually doing any charity that they will keep on running in losses. Either they are being funded or they made profits.

i think primedice have experienced a huge lost when they claimed has been compromised by user hufflepuff who have successfully cashed out 2,000 bitcoin . they keep running even in huge lost , as they know sooner or later as long as they have financial resilience they would get the lost covered and even get the site profit back . so far so good , they are back on top as the best dice site around.

MMA

legendary

Activity: 1134

Merit: 1000

Quote from: MFahad on April 26, 2017, 10:02:11 AM

Due to bitcoins, the Gambling sites business is growing very high. Many people these days are taking interest in playing gambling as it has become very easy only because of bitcoins. Your identity is also not disclosed due to the use of bitcoins.

in fact in previous day, it was necessary to visit a casino if you wanted to play gambling, but most of the time it will become difficult to visit a casino, and you will not able to play gambling on that day, but now due to internet and bitcoin you do not need to visit a casino physically you can visit the gambling site any any time using interest and can play according to your own wishes, i think it has now become more safe to play gambling. i really like to play gambling on online as it is more convenient for me to play.

SvenBomvolen

hero member

Activity: 588

Merit: 500

I think the real profit of gambling sites can't be calculated, maybe just approximately. Because of the bank is nonstop filling or getting empty. People are playing night and day and this process can't be calculated.

Zadicar

legendary

Activity: 1386

Merit: 1020

DGbet.fun - Crypto Sportsbook

Quote from: michkima on May 04, 2017, 10:00:26 AM

Quote from: klf on May 04, 2017, 01:01:04 AM

Quote from: onrise on May 04, 2017, 12:14:23 AM

Mostly majority gambling sites or casinos whether its private or public will definitely be earning profits due to which they are still running. Nobody of them is actually doing any charity that they will keep on running in losses. Either they are being funded or they made profits.

Yes, that is correct. Any business if one want to do then expect a profit from the business whether it is gambling or any other business. But these gambling sites will not disclose all their profit to the public unless they are accepting public investments for bankrolls. In the beginning, these gambling sites need to spend a lot of money for site promotion and to gain a trust. Once they are reputed then surely they will have many regular gamblers, and at the end, these houses are the one going to make a profit.

Cost of running a gambling site is really about advertising. If there are enough people gambling on the site, then there would be bigger money casinos can use which is good. Since the prices of advertising and other operational costs stays the same, then all else is already profits.

Only the beginning on launching a new gambling site would be the hardest part in my own view because you will surely do all the things that should really be needed for the public to gain attraction on potential players on the site.Once you passed this stage then next is having regular players but still depends on how good is the gambling site on giving its services specially on support matter because most people do really always seek for fast support and provably fair system.

michkima

hero member

Activity: 896

Merit: 514

Quote from: klf on May 04, 2017, 01:01:04 AM

Quote from: onrise on May 04, 2017, 12:14:23 AM

Mostly majority gambling sites or casinos whether its private or public will definitely be earning profits due to which they are still running. Nobody of them is actually doing any charity that they will keep on running in losses. Either they are being funded or they made profits.

Yes, that is correct. Any business if one want to do then expect a profit from the business whether it is gambling or any other business. But these gambling sites will not disclose all their profit to the public unless they are accepting public investments for bankrolls. In the beginning, these gambling sites need to spend a lot of money for site promotion and to gain a trust. Once they are reputed then surely they will have many regular gamblers, and at the end, these houses are the one going to make a profit.

Cost of running a gambling site is really about advertising. If there are enough people gambling on the site, then there would be bigger money casinos can use which is good. Since the prices of advertising and other operational costs stays the same, then all else is already profits.

Topic: Gambling sites earnings? (Read 2850 times)