Topic: Is it profitable to run a dice gambling site? - page 10. (Read 5669 times)
If you're running it yourself then yes, gambling sites have more profit in the long run more than anyhing out there. When it comes to setting up a business of course. You'll need some investors if you can't invest into it yourself.
Yes it is, if you have the budget to spend on promotion, giveaways and if your planning to have an ingame faucets, players will always come but you need them to keep on coming back if you want to earn, you need to have a fast server that can handle a ddos attack, a strong security for the script kiddies, and a lot of time, and if you play it righ the return is great.
If I had big budget (500BTC+) I'd start coding right now but as you said there are lot of thing involved and it needs time too.
Thanks for great suggestions and advice.
Thanks for great suggestions and advice.
Yeah the problem is budget, so many things that must consider, and most important is make it popullar and certainly it needs good strategy and smart concept since there are so much big competitor out there
good luck
to me, the security is really the most important. you can be very gd in all the others, but if there is a flaw in the security, all your hard earn $$ can be gone in an instant. it may takes years to get hacked or so but the battle to stnad against hackers is really not easy. really does not want to see another mtgox cases.
If I had big budget (500BTC+) I'd start coding right now but as you said there are lot of thing involved and it needs time too.
Thanks for great suggestions and advice.
Thanks for great suggestions and advice.
Run/make a dice site isn't easy, especially if you want get profit from it for long time. At least there are few things you must have on your dice site :
1. Security - Small bugs could empty your wallet, let users always win or crashed everything
2. Design - Without good design, people won't even try your site
3. Bankroll - People won't be satisfied if they can't bet huge amount of bitcoin
4. Fairness - Show how your provably works very well, otherwise people won't believe you
5. Advertising - No promotion, no customer
6. Customer Service - Slow/bad response could make user call you are scammer
7. Uniqueness - People got bored with many similar dice sites, so with uniqueness, people might try your site
If you can't fulfill those, i'm sure you can't run a dice sites well.
1. Security - Small bugs could empty your wallet, let users always win or crashed everything
2. Design - Without good design, people won't even try your site
3. Bankroll - People won't be satisfied if they can't bet huge amount of bitcoin
4. Fairness - Show how your provably works very well, otherwise people won't believe you
5. Advertising - No promotion, no customer
6. Customer Service - Slow/bad response could make user call you are scammer
7. Uniqueness - People got bored with many similar dice sites, so with uniqueness, people might try your site
If you can't fulfill those, i'm sure you can't run a dice sites well.
Run/make a dice site isn't easy, especially if you want get profit from it for long time. At least there are few things you must have on your dice site :
1. Security - Small bugs could empty your wallet, let users always win or crashed everything
2. Design - Without good design, people won't even try your site
3. Bankroll - People won't be satisfied if they can't bet huge amount of bitcoin
4. Fairness - Show how your provably works very well, otherwise people won't believe you
5. Advertising - No promotion, no customer
6. Customer Service - Slow/bad response could make user call you are scammer
7. Uniqueness - People got bored with many similar dice sites, so with uniqueness, people might try your site
If you can't fulfill those, i'm sure you can't run a dice sites well.
1. Security - Small bugs could empty your wallet, let users always win or crashed everything
2. Design - Without good design, people won't even try your site
3. Bankroll - People won't be satisfied if they can't bet huge amount of bitcoin
4. Fairness - Show how your provably works very well, otherwise people won't believe you
5. Advertising - No promotion, no customer
6. Customer Service - Slow/bad response could make user call you are scammer
7. Uniqueness - People got bored with many similar dice sites, so with uniqueness, people might try your site
If you can't fulfill those, i'm sure you can't run a dice sites well.
After this u can close this topic, start to work on first, second, third... and in if u come to 7 u will have nice site and i will be one of people playing there for sure.
In this world with good idea u can make a lot of money, just u need to believe in yourself, invest some money and energy.
There is a lot of threads here about gambling sites, many many comments. U need to look and to find what people like and in what people enjoy, that will help u when u start to think about look, and about other things on site.
Good luck with your project.
Long term it is certainly possible, but luck does play a factor in these kinds of things. Without proper advertising the earnings won't even maintain the hosting costs. With a house edge, that basically would be your profit long term. It's certainly profitable, otherwise people wouldn't be opening new dice sites.
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
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
for sure it's profitable , but you have to do many things like you have to advertise and make the site unique
the market is now full with dice sites and no one will try new sites unless the new site offers something special
I agree with this guy, you should make your own different dice site, so many competitor out there, just build your image and reputation first, i think it needs more budget for advertise, giveaway and other things that attract people to join with your dice
goodluck
Putting together yet another dice site isn't a recipe for success. You will need to spend a lot on hosting, bankroll, marketing, giveaways (faucet), and support, before you see any profit. Gaining a good reputation and building a big user base can take months or even years. Maybe buying an already working site or buying a part of it would be a better option.
Best opportunity to get in this business is through acquisition (e.g. buying a reputable site)
Some sites have a hard time when they change the owner so its not really worth it. For example, bustabit (was moneypot) was almost dead for atleast a month after the purchase even though that it was quite popular when it was ran by the previous owner
Competition is cutthroat, dice sites are a dime dozen.
Gaining players, and reputation, takes years
Best opportunity to get in this business is through acquisition (e.g. buying a reputable site)
Gaining players, and reputation, takes years
Best opportunity to get in this business is through acquisition (e.g. buying a reputable site)
It's not worth if you are only looking to make a quick buck. Competition is hard nowadays and being able to code alone won't help you any more.
You need:
- Excellent coding skills + server admin knowledge - every little bug or mistake has the potential to empty your wallet.
- A designer - if it looks like shit it won't attract anyone (and it's a fact that 99.99% of all good developers are miserable designers)
- A big bankroll - people like big bankrolls, even if they will never even get close to the max profit with their dust bets. I think one of the biggest reasons for coinichiwas unpopularity is the low bankroll.
- Marketing skills - I whish I had some, all of my efforts seem to be useless.
- Quick and reliable support - you will be immediately called a scammer in public if your response to "my 0.001 deposit doesn't show up" ends up in the users spam folder.
You need:
- Excellent coding skills + server admin knowledge - every little bug or mistake has the potential to empty your wallet.
- A designer - if it looks like shit it won't attract anyone (and it's a fact that 99.99% of all good developers are miserable designers)
- A big bankroll - people like big bankrolls, even if they will never even get close to the max profit with their dust bets. I think one of the biggest reasons for coinichiwas unpopularity is the low bankroll.
- Marketing skills - I whish I had some, all of my efforts seem to be useless.
- Quick and reliable support - you will be immediately called a scammer in public if your response to "my 0.001 deposit doesn't show up" ends up in the users spam folder.
Starting a new Bitcoin dice site today would require you to do massive amounts of promotional campaigns, just to get any kind of userbase.
The competition is pretty huge, like other before me have already mentioned.
I don't think you'd need something unique, just a website that looks trustworthy, games that are provably fair and like I said, pay for a lot of advertising.
The competition is pretty huge, like other before me have already mentioned.
I don't think you'd need something unique, just a website that looks trustworthy, games that are provably fair and like I said, pay for a lot of advertising.
It sure can be but you gotta know how to manage a gambling site in general. Having investors would be a great help as well if you're just starting out.
If you do this then you're always going to have to pay off your investors.
If you do this then you're always going to have to pay off your investors.
For me yes it is profitable but you need to be active if you run a dicegame to gain a trust from players.
Also you need a lots of capital to invest it to your dicegame...
Also you need a lots of capital to invest it to your dicegame...
Yes running a dice is very profitable only if your site become popular. For that you need to invest money on advertisement to make your site more popular and you should gain trust from the players. Also you should have a very huge investment for bank roll. Another important thing is most of the players now need some change so add some new features into your sites to attract more people.
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
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
As I can say opening a gambling site sure profitable especially when you offer something good for them. It will sure attract them to your site but for maintaining the site and making sure them not to go away. You need to figure out itself. This is not something easy that you can do it alone. You will sure need many things before you can start a new gambling site if not you will sure just wasting your money on that site
For me yes it is profitable but you need to be active if you run a dicegame to gain a trust from players.
Also you need a lots of capital to invest it to your dicegame...
Also you need a lots of capital to invest it to your dicegame...
When you look at the top sites with lots of traffic, yup they certainly look great. But also you have to realize that there are hundreds (if not more) sites that have been unsuccessful in getting gamblers or have been shut down because of DDoS, exploits and hacks. It is great that you can code it yourself, but you have to factor in your time cost together with the future cost for hosting, marketing (in the form of giveaway and ads) and hiring support personnel, and also consider the risk of having unsatisfactory marketing results, legal troubles (if you are not living in a bitcoin-friendly location), bugs being exploited, DDoS, hacks, etc.
As you said there are a lot of things to take into consideration. But as the site come profitable, they are not big problem (unless there is no bug, hack etc).
Thanks for your opinions. I know It needs a lot of effort and I'll probably find/move another sector related to bitcoin.
The question that arises from this post has 2 possible answers.
1) Are you actually so lazy that you can not search for an answer ? There is a search function and this exact question has been asked so many times. You will find all answers in those topics.
2) Who is the user behind making these new accounts to post these questions ? Who wants to increase the post count that bad that they need to make new accounts for these generic questions.
Which one is correct ?
1) Are you actually so lazy that you can not search for an answer ? There is a search function and this exact question has been asked so many times. You will find all answers in those topics.
2) Who is the user behind making these new accounts to post these questions ? Who wants to increase the post count that bad that they need to make new accounts for these generic questions.
Which one is correct ?
I want to answer your questions despite they are absurd and meaningless in this topic of context.
1) Yes, I'm lazy.
2)Me. No body want to increase post count. You may want, I don't know and I don't want to know. Check my register date.
The question that arises from this post has 2 possible answers.
1) Are you actually so lazy that you can not search for an answer ? There is a search function and this exact question has been asked so many times. You will find all answers in those topics.
2) Who is the user behind making these new accounts to post these questions ? Who wants to increase the post count that bad that they need to make new accounts for these generic questions.
Which one is correct ?
1) Are you actually so lazy that you can not search for an answer ? There is a search function and this exact question has been asked so many times. You will find all answers in those topics.
2) Who is the user behind making these new accounts to post these questions ? Who wants to increase the post count that bad that they need to make new accounts for these generic questions.
Which one is correct ?
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