Gambling sites earnings? - page 3. | Bitcointalksearch.org

iqlimasyadiqa

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Quote from: posternat on April 23, 2017, 08:39:46 PM

Quote from: iv4n on April 19, 2017, 08:08:25 AM

Its hard to calculate how much profit some casinos make, for them its most important to have a lot of players big and small ones. Depending from the games they have different profit they make. I don't know why did you take primedice for example because as a casino they have just one game, and that is not a casino in my opinion.
They earn a lot without a doubt, and I'm sure that we will never know how much some of them actually earn, they keep those informations for them.

Gambling sites earn in lots of BTC. The more people wager on the gambling site, the more the site owner earns. Making a good gambling site is a profitable business these days.

Really, now the growth of gambling site is very good. We can easily access the gambling site. Gambling site managers must have innovations and features that can attract users to play on the site. It is a must in a time that is so tight competition.

posternat

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Quote from: iv4n on April 19, 2017, 08:08:25 AM

Its hard to calculate how much profit some casinos make, for them its most important to have a lot of players big and small ones. Depending from the games they have different profit they make. I don't know why did you take primedice for example because as a casino they have just one game, and that is not a casino in my opinion.
They earn a lot without a doubt, and I'm sure that we will never know how much some of them actually earn, they keep those informations for them.

Gambling sites earn in lots of BTC. The more people wager on the gambling site, the more the site owner earns. Making a good gambling site is a profitable business these days.

Mike Mayor

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Most gambling sites if not all have their stats on the front page. Winnings loses biggest wins in 24hour/week/month/all time . I wouldn't trust any casino I was born was not transparent. Why would they need to hide their stats ? The only reason I can think of is if they liked about the house egde. You can see if the house edge is true it not by looking at the long term stats. Have a look at yolodice. Everything is there and well explained. If you have questions simply ask.

hatshepsut93

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Even if a casino doesn't keep information about their profit open, you can still try to deduce it by looking at their max win per one bet amount. Usually this value is around 0.5-2% of the bankroll, so if you multiply it by 100 you'll get approximate value of their bankroll. This limit exists to protect the house from variance in case some whale will start making bets that represent significant portion of the bankroll.

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Quote from: aardvark15 on April 21, 2017, 08:53:49 PM

Quote from: OmegaStarScream on April 15, 2017, 11:20:03 AM

I was always curious about knowing how much gambling sites actually earns and how profitable is it for them considering that some websites such PrimeDice are running for years now and bitcoin price is going up and down since then so how do they manage to keep their reserve filled and make profit in same time ?

I'm sure that they are making money since they have a built in profit percentage. The only way they could lose money is if they get hacked or no one comes to their sites.

They would always make money. Built in profit percentage, house edge etc. If a big whale comes along and win big amount, I think they can still get there money back from other gamblers, and everyday a lot of gamblers are going online. So its hard for them to loss as long as new gamblers are creating an account and deposit btc to play.

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Quote from: aardvark15 on April 21, 2017, 08:53:49 PM

Quote from: OmegaStarScream on April 15, 2017, 11:20:03 AM

I was always curious about knowing how much gambling sites actually earns and how profitable is it for them considering that some websites such PrimeDice are running for years now and bitcoin price is going up and down since then so how do they manage to keep their reserve filled and make profit in same time ?

I'm sure that they are making money since they have a built in profit percentage. The only way they could lose money is if they get hacked or no one comes to their sites.

Apart from that if they don't have a bigger bankroll than if a couple of big whales come and win more money, then they may need to close the site as well. So for any gambling sites, bankroll is very important as well. But I don't think any bigger gambling sites will disclose their earnings to public. Only sites which are accepting bankroll investment will need to tell public about their earnings.

JL421

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Quote from: Oilacris on April 16, 2017, 06:33:14 AM

Quote from: JL421 on April 16, 2017, 02:56:25 AM

Yes of course, for now i actually think the most profitable business related to bitcoin is gambling site if your intentions are not scam anyone. Take the case of yolodice it just came few months ago and their site profit is 70 btc +. And all these old sites are making really good profit as daily more than 1000 btc is surely wagered.

Running out in the profits of 70btc isnt justifiable or worth for a certain gambling site if i do have the capability to run one then i would rather choose to be legit as far as i can and yet gambling industry is growing because gambling business is very profitable and there are lot of players online which suppose to generate profits on longer runs.Dont have much idea on how to calculate profits of a site but im sure they are on positives.

Doing legit is always good but in terms of gambling it isn't. Because most of the sites make super high profits and if you are legit you will have to give some tax to government. Calculations of profit is for example a user deposited 1 btc he lost 0.6 btc and withdrew rest 0.4btc. That means site got 0.6 btc profit.

aardvark15

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Quote from: OmegaStarScream on April 15, 2017, 11:20:03 AM

I was always curious about knowing how much gambling sites actually earns and how profitable is it for them considering that some websites such PrimeDice are running for years now and bitcoin price is going up and down since then so how do they manage to keep their reserve filled and make profit in same time ?

I'm sure that they are making money since they have a built in profit percentage. The only way they could lose money is if they get hacked or no one comes to their sites.

pinkpanther03

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Quote from: OmegaStarScream on April 15, 2017, 11:20:03 AM

I was always curious about knowing how much gambling sites actually earns and how profitable is it for them considering that some websites such PrimeDice are running for years now and bitcoin price is going up and down since then so how do they manage to keep their reserve filled and make profit in same time ?

As far as I know in every gambling owner in online site they always get profit everyday for every players who get in to their sites. ANd of course one of those method why they gain a profit is they get charge for every transaction every time the gamblers are making withdrawal there is a percentage charge. Even bitcoin get high increase it wouldn't affect them at all unless no gambler are not playing the game in the gambling sites.

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Quote from: Oilacris on April 19, 2017, 12:13:56 AM

Quote from: bhadz on April 18, 2017, 11:57:43 PM

Quote from: OmegaStarScream on April 15, 2017, 11:20:03 AM

I was always curious about knowing how much gambling sites actually earns and how profitable is it for them considering that some websites such PrimeDice are running for years now and bitcoin price is going up and down since then so how do they manage to keep their reserve filled and make profit in same time ?

I guess we should need to interview some of their staffs or owners. I'm also curious on how much directbet.eu is earning and as well those casino's that are reputable and competing in the long run. But because of the bankroll that they collected from investors, their profit will be divided and that will make them earn not that high plus the cost of maintenance and other expenses.

Sites expenses and investors deduction is always been a part on profits that have been made.we dont really need to interview them as long we saw them that they are still operating and does have many players then we can really assume that they do have profits and if you are really curios then its your choice to interview them and i dont think they will easily answer your question its somehow private in my own view.

It's not a part of profits, it's one of the expenses and profit is one that you gain. But if you are going to consider those expenses and investors gain they are not going to give the owner a considerable profit. Well if we are seeing a lot of gamblers that are playing everyday to that casino that is enough to say that they are earning good amount.

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Quote from: joshy23 on April 19, 2017, 01:20:35 PM

Quote from: DrGuns4Hands on April 19, 2017, 09:52:51 AM

I'm earning 0.07 bitcoin 3 times a week I'm always playing gambling but now Im moderately playing because I'm controlling my self and my greediness in gambling because I think if im gonna sum up all the bitcoin i used in gambling i think it would be around 2 Bitcoin . seems huge amount right ? but you can't notice it because I'm playing 0.005 btc a day.

Have you read the thread? The OP is asking the earnings of gambling sites , not each of us a gambler earns.

Going back to the topic, I think primedice is a example of getting into the business very early. The competition is less during time that they have a head start from the rest of the site that followed. So I'm pretty sure that have already a decent profit and still going strong.

if there are less competition then i think the gambling site can reach much of profit because the gamblers is only know that there is only one or several gambling sites that they can played and they can play in every day. so for primedice, i think they are gets much of profit in that time but i don't know how much they've got now because for now, i think there will be many competition in the gambling site and each site want to gain more profit so they will do everything to reach big profit.

joshy23

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Quote from: DrGuns4Hands on April 19, 2017, 09:52:51 AM

I'm earning 0.07 bitcoin 3 times a week I'm always playing gambling but now Im moderately playing because I'm controlling my self and my greediness in gambling because I think if im gonna sum up all the bitcoin i used in gambling i think it would be around 2 Bitcoin . seems huge amount right ? but you can't notice it because I'm playing 0.005 btc a day.

Have you read the thread? The OP is asking the earnings of gambling sites , not each of us a gambler earns.

Going back to the topic, I think primedice is a example of getting into the business very early. The competition is less during time that they have a head start from the rest of the site that followed. So I'm pretty sure that have already a decent profit and still going strong.

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Quote from: DrGuns4Hands on April 19, 2017, 09:52:51 AM

I'm earning 0.07 bitcoin 3 times a week I'm always playing gambling but now Im moderately playing because I'm controlling my self and my greediness in gambling because I think if im gonna sum up all the bitcoin i used in gambling i think it would be around 2 Bitcoin . seems huge amount right ? but you can't notice it because I'm playing 0.005 btc a day.

We're talking about how much profit a gambling site makes and not about how much a gambler can make from gambling.
Next time, read first before posting right away.

Quote from: NorrisK on April 19, 2017, 03:31:51 AM

Quote from: RichDaniel on April 19, 2017, 01:34:24 AM

Primedice should have earned more than 10k btc per year, this is calculated by the total wagering and house edge, to get a theoretical profit.

This does not take into account people tilting and losing big bets.

Bad betting behaviour can massively influence the profit for the house.

Don't forget that they also get the affiliate payments from the house edge.

nizamcc

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There are few things to be taken into consideration. For Primedice (which you mentioned), I think they were early birds in the field of dice gaming when it is about Bitcoin Hi-Lo game, so they would have managed to get a lot of investors at the start. And about the price, it has nothing to do with these gambling sites when they are dealing in Bitcoins alone as what they are bound to is, allowing deposits and withdrawals in Bitcoins and they are managing it very smoothly. About earnings of any website, there will be very few who would be willing to disclose any of their monetary information.

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I'm earning 0.07 bitcoin 3 times a week I'm always playing gambling but now Im moderately playing because I'm controlling my self and my greediness in gambling because I think if im gonna sum up all the bitcoin i used in gambling i think it would be around 2 Bitcoin . seems huge amount right ? but you can't notice it because I'm playing 0.005 btc a day.

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Quote from: OmegaStarScream on April 15, 2017, 11:20:03 AM

I was always curious about knowing how much gambling sites actually earns and how profitable is it for them considering that some websites such PrimeDice are running for years now and bitcoin price is going up and down since then so how do they manage to keep their reserve filled and make profit in same time ?

We can't really tell how much in figures but we can only analyze how wealthy they are because of their gambling business. My basis is the volume of gamblers, the more people gamble in a certain site, the more money will come in, dice is a game with a house edge, so it is automatic the house will win in the long run.

iv4n

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Its hard to calculate how much profit some casinos make, for them its most important to have a lot of players big and small ones. Depending from the games they have different profit they make. I don't know why did you take primedice for example because as a casino they have just one game, and that is not a casino in my opinion.
They earn a lot without a doubt, and I'm sure that we will never know how much some of them actually earn, they keep those informations for them.

jtipt

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Two factors that affect their profit the highest are: 1) High rollers losing big time 2) House edge. But if the players are a lot and the wager is also lot then the daily profit for the house is very high, you might think if you make a little profit that would affect the house, but it doesn't if you win then there are 10 other people who just lost 10 times what you made profit.

Oralmat

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No doubt, Primedice is popular gambling site. Also i believe the owner of this site are become rich, because i see most of the players playing with it. The reason is that many gambler like dice games. But i am sure now a days, all gambling sites are in a profit, that's why a huge number of gambling sites are here.

ultrloa

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Quote from: OmegaStarScream on April 15, 2017, 11:20:03 AM

I was always curious about knowing how much gambling sites actually earns and how profitable is it for them considering that some websites such PrimeDice are running for years now and bitcoin price is going up and down since then so how do they manage to keep their reserve filled and make profit in same time ?

Im pretty courious about that to and i was wondering if they can give huge money surely theyre earning huge profit from their site and only mods of that gambling site can answer the exact figure but i doubt they will tell the stats since im pretty sure that is confidential info that they keep secret to the public.

Topic: Gambling sites earnings? - page 3. (Read 2850 times)