Topic: How profitable Is investing in a crypto casino or sportbook? (Read 439 times)

Not very profitable.

Buying their dedicated coins wont really be that considered to be part of the company or simply trying out to compare on actual share or stocks on it.Movement of those coins isnt something
that would guaranteed out profits even if you do held huge numbers of it which it wouldnt really ensure about profitability.Speaking about investing then it would really be talking about house capital
or funding just like we are seeing on some sites like Bustabit where you could really make out investment on a bankroll which you could really see on how much the site is earning
which would give you the idea and able to calculate it out.

I would guess that if you invest into a token of a casino then you could end up losing. But, if the talk is about actually owning one, then I would guess there is a good chance it could be good. I am not saying that it's guaranteed income, but with the house edge, it is quite hard to have a casino business that loses money when you know what you are doing. Only trouble is that people think they can start a good casino business with just a few thousand dollars.

At this point, gambling world is so saturated that I would guess one million dollars to start one should be standard, and not even a lot, just common, anything below that means you may not grow big enough to start profiting, the operational costs will be higher than the regular losses.

The founders of casino gambling sites must indeed continue to provide innovation to be able to profit in the future, but all of that must require a strong team in the sense that there must be people or teams who think about developing gambling to create interesting new games, strategies and of course deposits and withdrawals. , this factor must be strong and it has been proven that there are several gambling places that are still operating and have a long life because they have a solid team.

Yes, that's correct. So it's only natural that the casino can profit from its business, especially if it can grow rapidly in a short time. It also makes casinos unable to feel satisfied with the results they get because it can make their casinos get attacked by other people. The casino survives only by staying alert and continuing to develop its business well and, of course, can get more profits in the future.

I guess it is always profitable to invest in crypto casinos or sportbook because in the long run, the casinos are the one that always makes the profit. As long as you are investing some good amount and are prepared to keep the investment for long term, you will end up with some nice profits.
All the games in crypto casinos has an house edge (casino advantage) and based on that you can predict how much profit you will be making in the long run. If it is a casino with good reputation that allows people to invest, then I would say go ahead and invest. The risks are low.

Back then when I still had an investment in a casino I earned around 10% after several months of putting my coins in their bankroll but now they've already closed investments. So what Yogee quoted is definitely accurate as the numbers depend on other factors like the players because there are times when a whale comes in and could potentially bring the profits down by a few percentages. Someone tried investing in different casinos back then and here's the thread they made as it might be helpful for you OP.

For sportsbooks, i'm guessing the estimated numbers is similar or maybe even more as most bookies usually offer bigger juice on favorites.

OP is talking about how profitable crypto-bookies are.

We can't know this honestly exactly but it's clear that reputable bookies and casinos in the crypto-world are making tons of revenue as we speak.

That was just for users playing on their site and does not include the impact that will bring in terms of partnering with a league or something like promotions.

^Definitely right.
It can be massively profitable, though we don't have data that can support this I think it is enough that we saw until now there are few sportsbooks or casinos still actively running their business.
Investing in fiat or crypto casinos all includes risk, though not risky as a gambler it is almost the same. So possible it is profitable and also considering the risk too.

I suppose it is an estimate and not an exact amount. You can't always trust the source of these information regarding finance. They are only true temporarily as they are estimated or may become estimates even if they were leaked documents from the casinos as their earnings in my opinion is not fixed. Plus a direct statement from the casino about it doesn't still mean you can take them by their word.

They may never disclose an exact amount because they are usually very big, else why will they want to hide it. Full disclosure of the exact amount may attract unwanted attention which may not be good for business.

If we talk about gambling in Vegas, I think the government there is full of mafias who are crazy about money and after all have to take advantage of gambling places to be taxed, whereas I think they can make online gambling that can have a lot of profit and of course at a cost. maybe a little less tax.

A fiat casino licensed in Vegas that made $20 million profit for the year 2021 had to pay a corporate tax of 35% which amounts to $7 million.

A 100% crypto casino licensed somewhere like Curacao or no license at all made $20 million for the same year but only declared $5 million. How much tax do you think they "saved" from their under declaration?

Why would it be any different for the crypto casinos? The only different variable here is that they use crypto instead of FIAT, since the rest of the casino structure is the same, I don't think there are any differences between a crypto sports book and a FIAT sports book.

You already described how them casinos make money. What is the difference that would make a crypto casino more or less profitable than a FIAT casino? (other than their respective player base)

If you think investing in a FIAT casino makes sense, then it should also make sense to invest in a crypto casino.

I remember this event. It was really painful for investors at 10x hardcore leverage modality, but on long term it was a decent investment anyway. Unfortunatelly there aren't opportunities like this disponible anymore. Now casinos have their own self owned bankroll and don't ask users to partner with them anymore. Besides Yolodice, Crypto Games was very profitable. Before this kind on investment got more recognized, there was a thread on the forum showing the profit made by an investor in different crypto casinos. In one occasion, at Crypto Games he managed to make 50% profit in one year. That is huge interest!

Casinos and sportsbooks can be massively profitable under normal conditions. Mileage can vary depending on how good or bad the gamblers who use your book are. There have been crypto sportsbooks in the past who attracted a high number of professional gamblers that consistently won. It may be an unwinnable nightmare scenario for a book. Needless to say the book became unable to pay its winners and it was forced to close.

Gambling itself could be considered entertainment in the hospitality sector. An area which usually takes a big hit during eras of recession and inflation. Disposable income in 2022 isn't what it used to be thanks to rising fuel and food costs. Which could in turn exact a heavy toll upon entertainment and hospitality sectors like gambling.

Regulation for crypto based gambling also appears to be ramping up. As is anti money laundering (AML) regulation.

A booming economy where everyone has excess money to burn is the ideal time to open a casino. The current era with its bullish appearance perhaps not so much.

Exactly. My first thought is OP might want to start his own sports betting site. This won't be an easy task. The money invested alone to start is already difficult and very expensive and the next step is the marketing, maintenance, and of course its staff. And there are also no guarantees if the house will win but long term it should start to earn slowly. His sample of $10,000 earned in a year or let's say $40,000 net income in a year for 100 players. I think it is still not reasonable if the starting capital is worth a million dollars or even more.   

I am a bit confused of what OP is trying to get as an answer here.
Is it about investing in crypto casinos like what most gambling sites have features here. i.e. Yolodice (closed), Bustadice, etc...
Because they are profitable long-term but it's the reputation that you have to look out for.

Or is it about how much the bookies make?
I don't think there will be an answer here for that will be kept in secrecy. OP, are you trying to make an online gambling site or trying to be a bookie?

Not really much because there are so many risk need to consider that's why many people said that its not really profitable. Imagine how high the volatility of the market so if you bought yours at the high price then it suddenly drop then this is a huge lose for you and even if the price pump still the earning is few so I guess this investment option on casino is not really worth it if you are a short term thinker. But if you just want to multiply your bitcoin then can able to hold then this might quite decent way for you to earn some returns on your capital used.

Bookmakers worth is increasing after they were established, they earn a lot of money from punters, but to know the exact amount can not be accurately known unless you directly request for that from each bookmakers. As it is in fiat bookmakers, it is like that also in with crypto bookmakers, if the bookmaker has good reputation with excellent services and good customer care, people using the betting site will be increasing and the more would be the income. If you want to venture into establishing a sport betting site or you want to be an investor, it is a good idea because it is a profitable business.

Both are profitable if you are the operator, however, if you are just investing, it would not give you much profit unless you are a major investor. About the question, both casino and sportsbook are a billion dollars industry, so it's a lucrative business for those who have good capital.

Only developers know the benefits that the owner of this casino gambling place gets, but at least we must know that making a gambling place like this requires a lot of money and of course it is not easy because every week and even every day there will definitely be an evaluation for the developer to see if there is any bug or not so they don't lose a lot of money, because the capital they use to develop this gambling is also certainly very much so they should try to make a gambling place that is easy to use and always provides bonuses or events to make visitors interested in gambling in its place. The gambling owner cannot relax to enjoy the money he makes because they have to be creative to always increase the users of this gambling place.

I've remember my experience on Yolodice where I invest on their casino bankroll and earn good profit after that. They have 4 cryptos e.g. BTC, ETH, LTC and DOGE. Not so many gamblers play using LTC, so if there's a high roller played, the casino bankroll will change more significant than the rest coins. There's a lucky high roller that make huge winning and the profit site was -80%, so most of the investors are rekt. But I start to invest when the bankroll at around -70% and it slowly recover since the high roller is keep losing. It's profitable, depends on your luck too.

I can understand your curiosity, but the thing that matters is that on which casino or sportsbook you choose to invest.
If the casino has huge number of gamblers playing, then it’s wise decision to invest there. But generally these type of casinos doesn’t accept personal investments as they already raised funds and also they might be making good profits from the players.
Moreover you can also invest in casinos which are not so popular, but yes there the ROI is very less so you need to take risks.
Moreover investing in bankroll of a site is always profitable upto a certain extinct. As we have all heard that the house always wins.

We only know that the casino makes a lot of profit from its business but we will never know the exact amount. I also never thought about how much profit the casino will get. Every casino will be different in number because it also depends on how many people are playing in each casino. In addition, each casino will not want to say the amount of profit they make each month or year because that is their company's privacy.

Have not really tried joining a bankroll but its seem close to a risk free investment due to what they say the odds are always on the casino's favor. These two Bitvest and Bustadice today are not advertising in bitcointalk talk anymore which is not a good indicator.

I don't see any other else on how a regular crypto user can invest in crypto casino other than bankroll but if they mean crypto casino tokens, there are plenty of them right now that seen not profitable.

Just remember one thing, Stake.com is not just a Sport betting site... they are a fully functional casino with a wide variety of in-house games and third party games that helps to fund these sponsorships. 

They host a weekly giveaway that generate 1 ticket for every $1000 wagered by players... and there are a few million tickets (2mil +) generated after 7 days, so their gross profit per week must be close to 2 Billion Dollars per week. 

Well, you can compare different crypto casinos here, and I have some outdated threads that I don't know whether will help you or not.

Casino observations (New Campaigns, Promotions, Games, Tournaments) by tranthidung
[Overview of all bitcoin casinos] Latest update: 14-03-19 VISIT NEW WEBSITE by Josepht

And one of my fave sites to see when it comes to gambling.

⭐ BTCGOSU ⭐ Your Trusted Guide to the Best Bitcoin Casinos ⭐ by efialtis

Maybe you can get some info with it and maybe start your investing journey there?

I am not really an expert on the profitability of crypt casinos or sportbooks, but it's obvious that they are a really profitable and good investment for their owners. The boom in the online gambling industry over the last several years saw a rise in new casinos who are competing for market shares. Even with strong competition among the casinos and offering promotions like 200% deposit bonuses it' still a lucrative business to operate your own or be part of a casino. All of the games a casino runs has a house edge, this positive expected value means that the more people play their games the higher their profits. We know the winning percentages of the casino from the Roulette or BlackJack, here the casino usually has a 4-6% edge. In slots the number is even higher, the RTP is between 90-96% that means that on some slots the casino can make up to 10 cents for every $1 played. It's the same games a physical casino is running and they have to pay for rent, electricity, a lot of more employee, security, etc. When it's already profitable for a physical casino to operate with all these additional costs than it makes it so much more lucrative for a online casino to operate the same games. If you have the chance to invest in a crypto casino or sportbook you should look at it in great detail, it's important not to overpay for your share.

For me the concern is who can you trust?  Most of the established casinos don't need funding and the casinos that do need funding might not have the best intentions with your money.  If a casino did offer an investment opportunity, it would be cool, but would be extremely risky as it would make that wallet a target for hackers.  If a place like stake offered a chance to get in on the house take with an investment and it was liquid, I would be all over it.  I don't think opportunities like that are as easy to come by though as you would like.  Be careful.

I guess that will remain a secret for the casino. They simply provide a global overview of the forms of investment they offer their users and how much they can earn.
We won't know how much they will get if, let's say, a casino can have 100 investors and invest a lot of money into their casino.
If the casino has a good and trusted reputation, I will try to invest some money in bitcoin or altcoins so that at least it will be passive income for me.
But we can't expect that passive income will be able to generate a lot of profit shortly because it is a business.

I doubt any casino is really transparent about detailing earnings. As for large-scale casinos, in addition to large revenues they have significant sponsorship, development and other costs. Some investors may consider the unfairness of profit sharing that triggers the interest to increase investment to decline.
Looking back at casinos that issue typical tokens, they only offer a static return based on a percentage of the amount invested, no matter how many times the actual company profit is because such investors on the other hand get priority rights on the platform as well (a kind of VIP Club).

So about the same as the article OP mentioned then I guess? At the minimum of 5% that is, which I imagine is rather true since crypto casinos and fiat casinos would generally be the same imo. Even if there were changes as you said with the taxes, I don't think it'd be that big since it'd call to reason that it'd then be regulated if it actually was.

Here's an article to read: https://www.cnbc.com/2022/01/26/tech-gambling-alcohol-helped-nfl-earn-almost-2-billion-in-sponsorships.html

NFL is big though, so it may not be the case across all sponsorships, not to mention this isn't exactly with crypto itself. Here's another article that involves crypto itself though.

https://www.cnbc.com/2021/12/14/cryptocurrency-companies-take-multi-million-dollar-step-into-sports.html

To quote the specific part I found, (Not a football club though)

We may need to wait for a "bookie" to answer here or the book owner himself. How long will that be? We don't know.
These numbers may be a private matter and for their eyes only.
But there must be someone who will be willing to share their experience on this matter. Even just a rough estimate of how much they will make or a percentage for every bet.

Did you mean investing in casino bankroll? It doesn't have any guarantee you will earn profit since it depends on how much the gamblers won or lose and some casinos usually charge a deduction if you withdraw your investment funds. Each casino have vary calculation, percentage, deduction fee and many more.

AFAIK only Bitvest and Bustadice still offer bankroll investment until now.

I remember this article wherein the author advised investors to not put their money in the casino. Usually, the profits only trickle until one big whale splurges on the whole bankroll of the casino. It will take months for you to get a return on your initial investment but only one good day for a whale to lose it all. It's kinda like gambling too since you're betting that your money will be fine for a few months until you can safely pull out. As for sportsbooks, I've no idea how profitable those can be. But IMO they are quite safer to place your investments on since on each events, the bookies already have a fix cut on the proceeds of the whole lot.

Everything must boil down to how huge and trusted a crypto casino or sportsbook is. It is of course very profitable if you look at how certain crypto sportsbooks and casinos can afford partnerships with expensive players, teams, and leagues. But you can also notice that there are many crypto casinos and sportsbooks that are barely known. So it is just a matter of how popular a casino or sportsbook is or how big their userbase is. The more popular they are, the bigger revenue they must have.

Apart from getting information from articles and other secondary source, it would be nice if you get first hand information from business persons that have invested in crypto casino or sportbook. These set of person already has first hand experience about the business. Most of what is published online are based on hearsays, untested theories and speculations. If you can contact a sincere person that is already in the business you might get a honest and more reliable information about the profitability and risk of investing in crypto casino .

Stake and Sportsbet are able to sponsor huge events and partner with sports teams, I guess that gives us a hint of how much they can afford. Although there ain't no real record that will show us, these facts alone are indeed proof. They wouldn't be running thier betting site if they are not killing. This is apart from the percentage of profit a crypto-related business from the crypto bull market.

Bookmakers really make a lot of money from sports games, but I think the exact account we will never know.

Cryptographic sites tend to be more transparent in terms of values, but an exact account is complicated... the money is usually prorated between the site, the platform and in some rarer cases of fraudulent sites even teams and players receive an amount to manipulate the outcome in favor of a given outcome.

Anyway, what we need to know is that sports betting sites tend to be quite profitable also for bettors who know how to manage their resources wisely, so... if the money won by the casinos is honestly, I don't see any problem.

Taxes and other reductions would really be the main difference plus having crypto volatility then it could give out chance whether they would make money even more or the profits they had made would be
lessen up due to volatility but in overall essence and scheme of things then gambling industry is profitable no matter what.Numbers might be true or not into those percentage mentioned above
but no one would know the exact one except the casino or bookmakers alone but we could really presume that they are making hell of a good profits out of those people
who do gamble out.

There might be some articles around about that but for accurate, exact, and detailed data, I doubt we will have that.

Is it really necessary to know how vast the numbers or figures we are talking about here?

Maybe good to feed our minds with knowledge but something like that for me is too technical to discuss. Let's wait for more responses.

This article is probably what you are looking for,
- https://cryptocasinodetails.com/how-much-do-crypto-casinos-make/

You can find more blogs on the net if you want to look for other opinions.

The numbers will be vague unless you see their actual records but I bet crypto casinos make more money than fiat casinos if the number of customers and bets are the same since they are less regulated and taxed hehe.

Recently, I came across information about how much casinos earn and wanted to ask if this data can be extrapolated to the crypto sphere?

I know that crypto gaming portals are very profitable, but I have never come across information about how much crypto bookmakers can earn. I am especially interested in how the verified of corporate social networks affects the profits of the casino. I am also interested in how much crypto bookmakers earn on partnerships with football clubs. Any information or link to an article would be appreciated!