I dont know how much each gambling sites earns annualy.But im pretty sure they are earning big amounts,look on big gambling casino sites now,they offer much promotion and giveaways alot of bitcoins.Imagine how many traffics they get and imagine how much they earn theough it
Yeah your right we doesn't know how many big casino here earning profit. But i'm pretty sure also that their eraning is much higher that we expect lile bitsler that have maby promotions and bounty hunt everyday i'm fun of them but strickly i'm fan of fortunjack since long time ago
Topic: Gambling sites earnings? - page 4. (Read 2850 times)
I think those gambling sites that has a huge amount to run this kind of gambling maybe there are funded of big investors in my own opinion those are rich man or they running they site for there own good only and not asking for help of others. And they can earn maybe 5btc a day because there always a winner every but most of all there are lots of people who lose their coins from gambling.
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.
I dont know how much each gambling sites earns annualy.But im pretty sure they are earning big amounts,look on big gambling casino sites now,they offer much promotion and giveaways alot of bitcoins.Imagine how many traffics they get and imagine how much they earn theough it
Yeah your right we doesn't know how many big casino here earning profit. But i'm pretty sure also that their eraning is much higher that we expect lile bitsler that have maby promotions and bounty hunt everyday i'm fun of them but strickly i'm fan of fortunjack since long time ago I dont know how much each gambling sites earns annualy.But im pretty sure they are earning big amounts,look on big gambling casino sites now,they offer much promotion and giveaways alot of bitcoins.Imagine how many traffics they get and imagine how much they earn theough it
Same here, but I'm pretty sure that they are earning big more than we could ever think, especially those big gambling sites out there. They are making huge bank rolls because they have many players who are making huge bets---those addicted ones. And in order to earn big and have many players, of course they have to be legit and have enough capital or balance to pay the players at their site in the first place.
I dont know how much each gambling sites earns annualy.But im pretty sure they are earning big amounts,look on big gambling casino sites now,they offer much promotion and giveaways alot of bitcoins.Imagine how many traffics they get and imagine how much they earn theough it
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.
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 never know about it if im not wrong primedice stand before mtgox so maybe he have much bitcoin and after bitcoin price rise they already taking big profit. for management im sure they have a staff for calculation their profit. 
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.
maybe you can, you can contact their staffs or owners by sending PM and then you can asked them to use skype or else because i think if we interview via PM, it will be need a times for them to answer our question. i think no one will know how much gambling sites earnings since they don't want to tells to public how much their profit but maybe they can give approximity of their profit. or maybe what they show to us in their website is the true number of their profit.
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 ?
Many bitcoin casinos keep information about their profit open. Here's some examples.
Crypto-games: 15,910.87627156 - 15,278.65106029 = 632.22521127 BTC profit in Dice alone, over all time (around 3 years).
YOLOdice: 71.228 BTC profit, since Dec 06 2016.
You can check it by yourself in investor section or general stats of any gambling site.
Is this reliable information about crypto-games and yolo dice? That's a very high amount for crypto games for the last 3 years and it can possibly grow since it is well known and trusted by most of us. And with yolo dice that's a good amount for a starting dice site, I want to see more information like this for popular ones.
It was really a impressive for Yolodice if that information is correct. Because its signature campaign started in January and almost 4 month since they're able to earn that much profit and will probably profit more if they can stay in 3 years compared to crypto-games.
Well it's a very impressive growth and profit for yolodice but still that isn't going to cover their total profit because they need to distribute it for their investors. Although this is still a big profit for them within a short amount of time, after a year I guess that amount will be doubled or will be higher depending on it's advertising and good marketing.
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 ?
Many bitcoin casinos keep information about their profit open. Here's some examples.
Crypto-games: 15,910.87627156 - 15,278.65106029 = 632.22521127 BTC profit in Dice alone, over all time (around 3 years).
YOLOdice: 71.228 BTC profit, since Dec 06 2016.
You can check it by yourself in investor section or general stats of any gambling site.
Is this reliable information about crypto-games and yolo dice? That's a very high amount for crypto games for the last 3 years and it can possibly grow since it is well known and trusted by most of us. And with yolo dice that's a good amount for a starting dice site, I want to see more information like this for popular ones.
since these two sites are accepting investors i am going to say yes it is reliable information if you can see it on their website too (haven't checked it myself though).
i say it is reliable because if these sites were to report higher income they would have to also pay their investors higher amounts which is not possible. but it is still possible to report lower income and there is no way of proving if it is lower or not apart from trusting the owners to give the right numbers and be honest.
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 ?
Many bitcoin casinos keep information about their profit open. Here's some examples.
Crypto-games: 15,910.87627156 - 15,278.65106029 = 632.22521127 BTC profit in Dice alone, over all time (around 3 years).
YOLOdice: 71.228 BTC profit, since Dec 06 2016.
You can check it by yourself in investor section or general stats of any gambling site.
Is this reliable information about crypto-games and yolo dice? That's a very high amount for crypto games for the last 3 years and it can possibly grow since it is well known and trusted by most of us. And with yolo dice that's a good amount for a starting dice site, I want to see more information like this for popular ones.
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.
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.
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 ?
Many bitcoin casinos keep information about their profit open. Here's some examples.
Crypto-games: 15,910.87627156 - 15,278.65106029 = 632.22521127 BTC profit in Dice alone, over all time (around 3 years).
YOLOdice: 71.228 BTC profit, since Dec 06 2016.
You can check it by yourself in investor section or general stats of any gambling site.
Is this reliable information about crypto-games and yolo dice? That's a very high amount for crypto games for the last 3 years and it can possibly grow since it is well known and trusted by most of us. And with yolo dice that's a good amount for a starting dice site, I want to see more information like this for popular ones.
It was really a impressive for Yolodice if that information is correct. Because its signature campaign started in January and almost 4 month since they're able to earn that much profit and will probably profit more if they can stay in 3 years compared to crypto-games.
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 ?
Many bitcoin casinos keep information about their profit open. Here's some examples.
Crypto-games: 15,910.87627156 - 15,278.65106029 = 632.22521127 BTC profit in Dice alone, over all time (around 3 years).
YOLOdice: 71.228 BTC profit, since Dec 06 2016.
You can check it by yourself in investor section or general stats of any gambling site.
Is this reliable information about crypto-games and yolo dice? That's a very high amount for crypto games for the last 3 years and it can possibly grow since it is well known and trusted by most of us. And with yolo dice that's a good amount for a starting dice site, I want to see more information like this for popular ones.
i think the correct answer is that we can never know for sure.
there are two types of gambling sites:
1. those that don't accept investors. in these the only thing you can find is how much each user has wagered and lost so that you can come up with a sum but that won't be accurate ever since you can't do it for all users and you can never know an account with 10,000BTC wagered is a real account of a real person or a fake one by casino!
2. those that accept investors. these casinos have to release their earning and based on the profit they give you can come up with an estimated number. but again only if you trust the site to be honest and tell you the truth about how much was earned. but in this case the number you come up with is at least the minimum.
there are two types of gambling sites:
1. those that don't accept investors. in these the only thing you can find is how much each user has wagered and lost so that you can come up with a sum but that won't be accurate ever since you can't do it for all users and you can never know an account with 10,000BTC wagered is a real account of a real person or a fake one by casino!
2. those that accept investors. these casinos have to release their earning and based on the profit they give you can come up with an estimated number. but again only if you trust the site to be honest and tell you the truth about how much was earned. but in this case the number you come up with is at least the minimum.
I was always curious about knowing how much gambling sites actually earns
They are earning depending on their popularity, number of players and as well as the invested bankroll to them.
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 think the longer the site is running, the higher profit they are getting but still I don't have an idea on how much they are getting.
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 ?
It depends on the casino and how they were funded, there are some casinos that needs to present this information to their investors and it seems to be public information, but I suppose that no one keeps a casino running for years that is giving losses so we must think they are making money out of those players using their site to gamble.Those website are funded by those investors who willingly to risk also of their money when the bankroll cameback to them let just say they will get 10% of their investment all gambling websites are earning estimated of 10bitcoin daily this is big for those who running for long year if gambling website is not making profit probably they already dead.
Getting 10 bitcoins per day doesn't mean anything at all, it can be too small if wagered amount is giant or too unrealistic, if wagered amount is moderate/small. Investments are measured by their return in proportion to invested amount. You said 10%, this is actually a very small amount for a yearly profit. Although casino investors don't lose their initial sum, all the risks combined (BTC volatility, gambling risk, security, etc.) push optimal returns higher, to around 50-60% per year. This is why gambling site owners offer generous share of the house profit, like 50-80%.
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