Topic: Gambling sites earnings? - page 5. (Read 2850 times)
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.
the answers will be vary because it depend how famous the gambling sites it self but i think they would not give us valid answers unless the staffs of the gambling sites know how much profit they have and provide the informations to the public however i think as long they not shuttingdown the sites probably those sites still profitable and usually if their gambling sites not profitable any longer they will not continue their project
Yup I also had this question in my mind, the gambling site owners will share a genuine information regarding site profit and loss record with investers or not. I have not had any real experience in this investment process, so I am asking this question. If it is genuine, then we can invest in gambling sites.IMHO, trusted gambling sites are transparent on their profit/loss status especially for who are well known for over a year. This kind of feature made them more approachable and user friendly . That also the main reason why are they stood still even though the competition is tough. I think they maintaining their profit even though the price of bitcoin varies just because they have a bunch high rollers supporter that keeps on playing with same amount no matter what price the bitcoin is.
It depends on the amount of players a gambling house gets through a day/week/month. The higher the number of players the higher they profit because we all know in the end the gambling house will have a house edge. Most casinos have 0.8-1% house edge that is why they are always profitable and I have not known any casino who has filed for bankruptcy yet.
the answers will be vary because it depend how famous the gambling sites it self but i think they would not give us valid answers unless the staffs of the gambling sites know how much profit they have and provide the informations to the public however i think as long they not shuttingdown the sites probably those sites still profitable and usually if their gambling sites not profitable any longer they will not continue their project
Yup I also had this question in my mind, the gambling site owners will share a genuine information regarding site profit and loss record with investers or not. I have not had any real experience in this investment process, so I am asking this question. If it is genuine, then we can invest in gambling sites. 
the answers will be vary because it depend how famous the gambling sites it self but i think they would not give us valid answers unless the staffs of the gambling sites know how much profit they have and provide the informations to the public however i think as long they not shuttingdown the sites probably those sites still profitable and usually if their gambling sites not profitable any longer they will not continue their project
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.
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.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. 
It all depends on the traffic and the houses edge. If a site gets hundreds of thousands of unique visitors a day, and only has a 1% houses edge, they can make millions. At the same time, if a casino only gets a few thousand unique players a day, but has a 5% houses edge, they can also make millions. The house always wins in the end.
Though it all matters on the house edge but personally I feel the sites with lower house edge earns much more since they get more players cause of the low edge and it's a fact that gambler looses because of their greed rather than the house edge. Because if it was just about the house edge, which is just 1-2% then there would be a lot of winners too, while everyone looses in gambling.
yes i was thinking the same thing, I myself think about directbet, they have tipster competition that is always running two months times, and actually I was also curious by FrueGreads as the founder of the competition, whether he were wearing their own funds to pay the winners? if only directbet himself a present, I salute directbet still exist today, while the giveaway they are always running at least every day in the score prediction.
About sportsbook, they make tons by having juice/edge on the lines. Directbet have big juice on their lines compared to most bitcoin sportsbook that's why they have the money to support this competiton
Profit of the gambling casino mostly depend on players how many people are involve in gambling there. I think PD is generating very huge amount on daily basis as we can see the statics so many high rollers are playing there. With 1% house edge PD is looking very successful gambling site.
It all depends on the traffic and the houses edge. If a site gets hundreds of thousands of unique visitors a day, and only has a 1% houses edge, they can make millions. At the same time, if a casino only gets a few thousand unique players a day, but has a 5% houses edge, they can also make millions. The house always wins in the end.
Though it all matters on the house edge but personally I feel the sites with lower house edge earns much more since they get more players cause of the low edge and it's a fact that gambler looses because of their greed rather than the house edge. Because if it was just about the house edge, which is just 1-2% then there would be a lot of winners too, while everyone looses in gambling.
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.
That's true the real profit lies in this dice gambling sites and the setup too is not so complicated. While making a sports betting site you have to take the odds from some provider and a lot more hassle. While in dice sites its much easier as you have to just one setup this and then relax, though dice sites have been hacked a lot of times too in past. 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. 
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's very simple to count it theoretically as you an just view the total wagered on the site and then check the house edge, for PD its 1%and for most sites too its one percent. Then just calculate the profit based on that. But in real life the situation is very different as you would see gamblers loose like 10-20% based on the wagered amount. I mean if a gambler wagered 1 btc then he would loose like 0.04 - 0.05 .. while edge is just 1%
yes i was thinking the same thing, I myself think about directbet, they have tipster competition that is always running two months times, and actually I was also curious by FrueGreads as the founder of the competition, whether he were wearing their own funds to pay the winners? if only directbet himself a present, I salute directbet still exist today, while the giveaway they are always running at least every day in the score prediction.
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.
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 ?
If I think it is not a big matter for the fall and up in the price of the bitcoin Because every gambling sites are accepting bitcoin ad and bet not as in Investment assests , when the gamblers lost or win then they need to pay the BTC not the dollers , so here we should not think about Thier Profit , Because if you are in the bitcoin then you should see only that how much BTC you gained in day buisness not how much price increase and down have you Profit , Because gambling and trading both have different ways to grow and business criteria .So here we can say that if any gambling site have better traffic then surely he is getting profit by the gamlers because people are lossing more than what they get in Gambling .
Here not the prime dice but also secondstrade like sites also getting profit to run the gambling sites , you can see that secondstrade is making advertisement by the signature campaign with unlimited numbers of the slots open to join the campaign , this is what , only money .
Here the earning may be go down or up but still we can say they really earning big otherwise they will not run campaign .
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.
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 ?
If I think it is not a big matter for the fall and up in the price of the bitcoin Because every gambling sites are accepting bitcoin ad and bet not as in Investment assests , when the gamblers lost or win then they need to pay the BTC not the dollers , so here we should not think about Thier Profit , Because if you are in the bitcoin then you should see only that how much BTC you gained in day buisness not how much price increase and down have you Profit , Because gambling and trading both have different ways to grow and business criteria .So here we can say that if any gambling site have better traffic then surely he is getting profit by the gamlers because people are lossing more than what they get in Gambling .
It all depends on the traffic and the houses edge. If a site gets hundreds of thousands of unique visitors a day, and only has a 1% houses edge, they can make millions. At the same time, if a casino only gets a few thousand unique players a day, but has a 5% houses edge, they can also make millions. The house always wins in the end.
True. And I think it's hard to calculate how much casinos are earning, because many of them cheat the gamblers to make them believe the house is earning less than what they are really earning.
Example, the casino can have an acc which earned a big win, but they say it's a gambler's account to make everyone believe gamblers are earning high there... This kind of tricks.
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