Is it profitable to run a dice gambling site?

goldcoinminer

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Quote from: panjul07 on April 28, 2016, 04:41:18 PM

Quote from: praprata on April 28, 2016, 02:19:43 PM

It could be profitable but I think you would need a good marketing(signature campaign) to accomplish this and this will cost a lot of money.
To start such a website you would need investors that trust you and you would also need good developers plus a good marketing, so I think it will be a hard task to do this.

Signature campaign is not the only way to advertise, there are many other ways to advertise and all requires not small amount of money/btc.
But I agree that it is not an easy task to start a gambling site, need a great plan, preparations, and of course money.

That's true for sure, establishing a gambling sites needs a careful study by the investor, he needs to know the market especially the bitcoin prices, he needs to study the competitors and copy those good strategies and improve the weakness he can see in some of the casinos, in that way you can be able to compete with other established casinos.

panjul07

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Quote from: praprata on April 28, 2016, 02:19:43 PM

It could be profitable but I think you would need a good marketing(signature campaign) to accomplish this and this will cost a lot of money.
To start such a website you would need investors that trust you and you would also need good developers plus a good marketing, so I think it will be a hard task to do this.

Signature campaign is not the only way to advertise, there are many other ways to advertise and all requires not small amount of money/btc.
But I agree that it is not an easy task to start a gambling site, need a great plan, preparations, and of course money.

praprata

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It could be profitable but I think you would need a good marketing(signature campaign) to accomplish this and this will cost a lot of money.
To start such a website you would need investors that trust you and you would also need good developers plus a good marketing, so I think it will be a hard task to do this.

Bitcoinbro

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No I do not think it will be profitable to be honest because these days there are so many casino's and gambling websites that offer dice.
Most likely people will use a trusted party and you will not gain users very soon because of this.

target

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Quote from: @1234 on December 15, 2015, 06:58:13 AM

I wonder if it's profitable to run a dice gambling site (like dicecoin.io) ? I'm seeing that site has 30,000 BTC wagered in 2 years.. Huge amount.

Certainly it's not easy to operate, promote and maintain by one person but I can absolutely code a site. Is it worth to start?

Have a good night

its still going to be profitable so long as the house gets to have percentage every play. the house always win. the problem with such business especailly if its just starting is taht the kick start is hard enough, you can even make users to join and use the site even for a sec. i know someone who can promote it for you though let me know

FabioDelcatto

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It can be only profitable if you are lucky with it otherwise it would be not and that can be bad for you because losing money is quite bad and it can makes you also poor.
But you have also to play with some small amounts so you are not losing that much money.

sempak

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gambling consists of several games. and dices is one part among GAMES favorite and frequently used. good prospects owned by dices. do not hesitate to play this.

jangloos

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It can be profitable to run a dice site for sure.Make some decent site and then focus on user friendly contests where players think they can win easily.Keep remember giving is taking.Some people can hit big keep in mind and should have big bank role then no one can stop you being successful.

shadobitz

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Run a dice site with bitcoin has very bright future but it must come with something unique, promotions are very important part of the gambling business so if you will get succeed to managed this wonderful support than it will be profitable for sure.

bithasher

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Gambling industry is expanding and there is and will always be space for new start-ups.All you need just like every business better strategy,offers,marketing and attractive design.We have watches few sites recently have become successful by promoting heavily on social media.Starting a new business always contains some risks too.

newcripto

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It isn't easy way to run dice site and to make it profitable now.I don't say it is impossible but competition is getting serious day by day.There have been seen many new sites throughout the time and over 99 % of them just disappeared.Launching a site is easy but hard is to manage and handle the things later.

Erza

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Quote from: poplolnman on April 27, 2016, 10:30:57 AM

Quote from: hua_hui on April 26, 2016, 08:59:09 PM

Quote from: poplolnman on April 26, 2016, 06:12:28 PM

Quote from: khalized on April 26, 2016, 05:18:22 PM

It is certainly profitable to run a dice site. Much better if you can incorporate it with Moneypot platform. But all you need to care about is the huge bankroll that is needed to start the project otherwise it may go bankrupt a sudden morning.

yeah basically bigger bankroll bigger chance to avoid bankruptcy Cheesy

, i agree the most important thing to start run dice gambling site are the big bankroll that could cover big winning for many times.
3,000 btc to start maybe more than enough as bankroll tu build a solid dice site?

good bankroll is very important. however, it is also very important to have a good marketing strategy to attract customers to come and play. i have seen a lot of the app/gambling site dont even have a single bet in a day and soon it is closed down.

but if you think twice , with 3,000 bitcoin or worth around $1,350,000 you could build a fancy restaurant or another promising business than casino.
if have to choose i would take to start a fancy restaurant business instead a casino.

But do you ever think about the future of your restaurant? I think every millionaire have enough money to restaurants but why some of them dont even have one? Did you ever think about that? Besides casino is the best business as I know because casino will never die, see vegas for example or may be other smaller casino they will never die too

prtty2gal2

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Quote from: Hatuferu on April 26, 2016, 09:30:06 AM

Quote from: RussianRaibow on April 26, 2016, 08:30:17 AM

If the odds are in favor of the house, then a gambling site would definitely be profitable in the long run. I think one of the main things to consider though is if you can get a customer base or not. Without people playing your game, you obviously won't be making a profit. It would have to be well designed and attractive, to lure customers in. Having a free faucet would really help lure people into playing.

Yes, site must be very customer friendly, support must be outstanding and never delayed payments, deposits and withdrawals. In a business that we are all anonymous we have to maintain a good customer service to boost you trust and to attract more gamblers to visit you site.

Yes, an active support is must in running any business, also you have to make the deposit and withdrawal instant to that people do not have to wait for the approval or other procedures as with that people feel irritating.

ranlo

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Quote from: SparkedDev on April 28, 2016, 02:22:58 AM

Quote from: ranlo on April 28, 2016, 02:11:32 AM

Quote from: cpfreeplz on April 27, 2016, 06:39:54 PM

There's a ton more that goes into it than most would like to think, but us of course they're profitable! They wouldn't stay in operation if they were losing money lol. Gambling is a great way to go. People always like 'quick easy money'

Quite a few sites pop up that end up dying due to not going anywhere. Some run for a long time before this happens.

MoneyPot helps reduce the risk to site owners and help boost them up (bankroll is currently almost 500 BTC and all apps have access to that pool right from the get-go for bets). Along with that, app owners get guaranteed income based on each bet, so their only cost is whatever their own hosting is -- no risking money in a bankroll or anything.

Yeah but you also have to remember if money pot go's down your not earning anything.
Also if money pot gets rob you have no control an bye bye casino.
I'm not saying its a bad site i like the idea but it does have its negatives.

Such as downtime
Funds that you don't control.
If something go's wrong an they are down for a few hours to days what do you do then?
Cant make profit if users can't play.
If money pot shuts down so does your site.

I'm a fan of hot wallet cold wallet systems for the site an a proof of liabilities.
If you run a secure trustworthy site with investment capabilities they will come.

Yeah, this is all definitely true. But most people asking the questions like in this thread don't have the ability to:

1) Keep a site secured (i.e., user balances, investments, etc.)
2) Keep it all online (especially when they're dealing with incoming/outgoing transactions)

Not to mention there's risk involved. A player winning 50 BTC on a site where they are hosting 100 BTC would mean a loss of 50 BTC. On MP's platform, the site owner wins regardless, so even though the player won 50 BTC, the site owner also won.

That said, there's obviously the trade-offs you brought up.

SparkedDev

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Quote from: ranlo on April 28, 2016, 02:11:32 AM

Quote from: cpfreeplz on April 27, 2016, 06:39:54 PM

There's a ton more that goes into it than most would like to think, but us of course they're profitable! They wouldn't stay in operation if they were losing money lol. Gambling is a great way to go. People always like 'quick easy money'

Quite a few sites pop up that end up dying due to not going anywhere. Some run for a long time before this happens.

MoneyPot helps reduce the risk to site owners and help boost them up (bankroll is currently almost 500 BTC and all apps have access to that pool right from the get-go for bets). Along with that, app owners get guaranteed income based on each bet, so their only cost is whatever their own hosting is -- no risking money in a bankroll or anything.

Yeah but you also have to remember if money pot go's down your not earning anything.
Also if money pot gets rob you have no control an bye bye casino.
I'm not saying its a bad site i like the idea but it does have its negatives.

Such as downtime
Funds that you don't control.
If something go's wrong an they are down for a few hours to days what do you do then?
Cant make profit if users can't play.
If money pot shuts down so does your site.

I'm a fan of hot wallet cold wallet systems for the site an a proof of liabilities.
If you run a secure trustworthy site with investment capabilities they will come.

ranlo

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Quote from: cpfreeplz on April 27, 2016, 06:39:54 PM

There's a ton more that goes into it than most would like to think, but us of course they're profitable! They wouldn't stay in operation if they were losing money lol. Gambling is a great way to go. People always like 'quick easy money'

Quite a few sites pop up that end up dying due to not going anywhere. Some run for a long time before this happens.

MoneyPot helps reduce the risk to site owners and help boost them up (bankroll is currently almost 500 BTC and all apps have access to that pool right from the get-go for bets). Along with that, app owners get guaranteed income based on each bet, so their only cost is whatever their own hosting is -- no risking money in a bankroll or anything.

davinchi

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Quote from: Jasad on April 26, 2016, 02:00:59 AM

Quote from: @1234 on December 15, 2015, 06:58:13 AM

I wonder if it's profitable to run a dice gambling site (like dicecoin.io) ? I'm seeing that site has 30,000 BTC wagered in 2 years.. Huge amount.

Certainly it's not easy to operate, promote and maintain by one person but I can absolutely code a site. Is it worth to start?

Have a good night

Of course its profitable,chance of loss and win in dice are very simple and close,its why i'm playing in a second,and loss many bitcoins,its profit for dice site,and they also get from investor,i'm sure dice site have good and static investor.

Yes, I also have observed that the investors for dice sites are more active, so sites for dice will be more profitable for you if you create one for you, and also do not for get to start a signature campaign at here, with that you definitely will get a huge crowd.

Ethey

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No

I think then its more profitable to gamlbe with gold or silver Cheesy

Zooplus

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Quote from: poplolnman on April 27, 2016, 08:26:35 PM

Quote from: goldcoinminer on April 27, 2016, 08:19:51 PM

Quote from: bestluck on April 27, 2016, 06:08:10 PM

Quote from: poplolnman on April 27, 2016, 10:30:57 AM

Quote from: hua_hui on April 26, 2016, 08:59:09 PM

Quote from: poplolnman on April 26, 2016, 06:12:28 PM

Quote from: khalized on April 26, 2016, 05:18:22 PM

It is certainly profitable to run a dice site. Much better if you can incorporate it with Moneypot platform. But all you need to care about is the huge bankroll that is needed to start the project otherwise it may go bankrupt a sudden morning.

yeah basically bigger bankroll bigger chance to avoid bankruptcy Cheesy

, i agree the most important thing to start run dice gambling site are the big bankroll that could cover big winning for many times.
3,000 btc to start maybe more than enough as bankroll tu build a solid dice site?

good bankroll is very important. however, it is also very important to have a good marketing strategy to attract customers to come and play. i have seen a lot of the app/gambling site dont even have a single bet in a day and soon it is closed down.

but if you think twice , with 3,000 bitcoin or worth around $1,350,000 you could build a fancy restaurant or another promising business than casino.
if have to choose i would take to start a fancy restaurant business instead a casino.

yeah that is a nice idea, I will also like to start an academy for teaching about computer , that will have a good effect on the life of our youngsters and they will be able to do something beneficial for their country and nation in the coming future.

Some people has a good specialty in a business they want to venture. If someone is good in gambling or may I say if gambling is his passion you cannot force him to invest in a different industry otherwise he will not productive and besides in the gambling world there is a big potential for profit.

yeah well , due the fact we are talking about gambling site like dice , i would say just do it .
it's promising bitcoin online business too , we all know casino built to make money so the chance to get profit are higher than to lost money right?

Of course, if I have an extra money, I would rather invest it in a casino that use it in betting. Just consider that the house always win and with a considerable amount of investment you will have a good share of profit a casino will earn from their operation.

poplolnman

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