Topic: How saturated is the betting market. (Read 1811 times)

I will suggest don't invest your bitcoin at any place , you just need to learn about the bitcoin thoroughly then start your earning job with bitcoin .
Secondly if you want going with gambling system In bitcoin then I will suggest instead to go casino programming games betting , you should bet with your bitcoin for sports real life games , because these types of games doesn't involve any type of limit of earning and placing your bet .
Moreover , if you want keep himself from any type of loss , then I will suggest you to keep himself away from the gambling job .
Because gambling is a addicted thing , once you will get in then you can't every get out of it .

The market is very saturated with the same boring dice games. In another thread I suggested that people create something exiting and new, like hosting a "nude" gambling site. A lot of people thought it was a good idea, so there are a need for this.

There are 1 site I know of, that does this and they charge $400 subscription fees for people to join. If you can create something that people want, and not what you think they want, then you will be successful.

Bustabit is boring and to create it with another theme will just be as boring.

How can you go wrong by combining two markets? < Gambling & Adult entertainment >

If you don't have a significant bankroll, you should consider using MoneyPot.com

https://www.moneypot.com/api-docs

Disclaimer: I am a partial owner of MoneyPot

actually you can see how saturated they are by looking qt gambling section, you could also monitor on how they ran their business and what strat they are using to get their fame,

And i think making a betting site at this moment is not so late since anytime can run their businesses and it all matter on how would you compete for big sites and surely it will cost you a lot of money, just do a test run if you can get more traffics and players that if your test fails well it will not destructable on your part since you doesnt put huge money on quick instance.

I wouldn't say the betting market is saturated, I mean we can all agree that there are numerous dice sites and the like out there, but how many are actually good? How many actually have a userbase? How many aren't just clones and carbon copies from one another? Once you filter out the shit, you really are left with a few sites that are actually quality.

What defines quality? A few off the top of my head are community, activity, and security. A dice site that really nails it is Primedice. Their chat is active, they have a shitload of people betting, and the site overall looks safe and secure. I seen one guy wager fucking $400k worth of btc on that fucking website. In theory, they made $4k off 1 guy.

But to take this question even further, I do believe bitcoin gambling as a whole is still a growing market and can still be considered at a "niche" level. Reason why I say this is just because I don't see a lot of mainstream coverage about these kind of websites (I see more about CS:GO bets lmao). Take this screencap for example:

http://i68.tinypic.com/2sagw36.png

I took this a few months back comparing with Satoshidice (because all of us know how popular it was back in '14), and you can clearly see there has been a growing interest that has not plateaued yet. This means there is still room for entry before it truly does become saturated. So if you have an interest in starting a casino, the best time would have been 3 years ago, but the next best time is right about now.

Gambling market is pretty saturated, but there is still room for new services. There are couple top sites which are considered to be the best and trustworthy.
But when you are determined to offer a good service, even new Dice site (arguably the most popular gambling game among Bitcoin users) you can take a bit of that cake.
For example YoloDice, new dice site - which becoming popular fast. Solid services with serious management, original layout and script, provably fair bets... will always find devoted fan base.

It depends on what you want to learn from the answers. But like most markets, modern betting/gambling no longer has a loyalty hold on customers from brand name alone.

Even in the crowd of gambling sites, you'll find many users who will have accounts across several sites, and always be ready to try new ones.

What's your aim? Better customer service, prompt deposits and payouts, interactive games? House edge differences and provably fair proof are also common with crypto sites. These all attract different people. If you can find a niche that you can serve well, you'll do all right.

Yeah they're (Crypto-Games) one of the best sites to invest on. They are indeed very transparant about their earnings and statistics. Plus it's easy to remove your investment and get payout instantly.

But OP asked about starting his own casino and if there was still room in the market for that.
In my opinion there is always room for a new casino, you just need enough money for development, bankroll and marketing, so the usual answers...

If you're serious about this, I would go with a new concept, could be a dice site, but just one that has some special features that make it stand out among the rest.

Worst advice.FortuneJack barely runs on investments.Never have I ever seen anyone talking about investing in them.Crypto-Games is the next best thing for investments,they're very transparent.

Its not saturated, there's still much room for betting sites, the only problem is that, they are all the same. Gambling sites does the same thing over and over, none of them ever think of unique gambling site which we can gamble about the color of the underwear or a random lady walking on the park.

If you have to sum of money to support the project and can advertise massively in the forum, you probably can still earn the trust of gamblers.

What do you have to do with the market if your sole purpose is to invest ? Just find a casino with good margins.If you're planning to invest to develop a new casino the probably you will have to put a lot of efforts into marketing.Yes,the market is insanely saturated for casino business running on low funds.

I would say that it is already saturated and there are lots of websites or gambling sites do in the market today.Which ever you will go either on dice or casino games there are already lots of big competitors out there and if you are trying to create one then you should make it unique which arent being played by most gamblers.One example is bustabit.

What do you think about crash sites? Like csgocrash?

Well, mostly in bitcoin casino market, there are dice websites. Of course in Dice, there is big rivarly. There is less rivarly in sports betting, you can to try this. Also there aren't many websites to play poker, licensed slots and card games and to my mind while people's interest in bitcoin is growing, there will grow number of poker and etc serious games players with bitcoin currency. At last, to my mind DICE is saturrated because even some huge bankroll websites can't get popular.

No, hahaha. I'm not gonna bet on any site myself. I'm talking about making my own casino.

I mean, house edge :')

its still worth to investing with provably fair site and you can found many good of sites. with selecting the best casino sites, you can make big profit with them.


fortunejack can be a good selection to investing. if you have for example 1 bitcoin, then you can go with gambling sites and make invest in that sites. but as always, you need to think twice before you want to investing in gambling sites and only use free money to invest.

You need an unique idea for your gambling site project, how safe your site, means you need have an expert developer. Build gambling project is not carelessly, mostly it's a the most one of hacker target, gambling bankroll have a lot money.

For advertising, I think need a lot than doing a start-up development. Signature campaign, social media ads and put banner ads on site which have potentially target market.

Thanks for the answer, do you know which are more popular/proffitable? Classic like casinos like for example https://fortunejack.com/
Or "original" and creative casinos or gambling sites like bustabit, satoshimines, etc?

How much money are we talking about to have to be destinated to advertising?

Landline based casino area already saturated, that's why some of them are going on-line now.
But online btc games are not yet saturated. Go for dice game!!!I think its the most profitable games right now. But In order to actually make it these days you need a site with a lot of features, no downtime, a great customer support and an new idea. Good Luck!!!

Are u planning to create a new sites or cryptocurrency for betting ? cos there are few around with there differences? find out about the present ones but if you have a different Idea make it known, you might find people to help you out with your idea on this forum. you can even invest in some new projects that are yet to be launched.