Topic: Is it profitable to run a dice gambling site? - page 7. (Read 5669 times)
It could be profitable, but you would need to spend a lot of time on it and a decent bankroll to start. Usually whales are what make gambling sites the most money, and if your bankroll is only eg 10BTC, your max profit would be pretty low and you would only attract smaller people. You also might get people getting lucky and having your site go bankrupt, or you could get hacked resulting in a huge bitcoin loss. If you have good coding skills/people to work for you at coding, and a decent bankroll, yeah you could make some profit.
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
But you have to consider what the payout of the winnings will be. Of that 30,000BTC I would imagine 3/4 of that are paid back to the players. I don't know how dice sites work but it is your typical gambling ideology of how most of them operate. Is the probability for these sites better than roulette? I wouldn't know that either but if it is, then that payout seems about right. 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
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
Remember the amount waged is multiple times the actual btc value since you can wage 1btc 100x or more sometimes 1000x but yes very profitable.
If you rig it and advertise on it, it will be very profitable for you.
I highly doubt that. Most of the bitcoin gamblers are very cautious to fairness, especially when they are playing on a new site. They will check their bets carefully, and will not play on non-provably-fair site no matter how many advertisements you show them..
Yes, with small budget dice sites can't survive for long time and it also needs lot of advertising to attract new users to site. Since there are quite a few for long time so if one need to pull them to new site means they really should come up with a some new ideas and promotions.
If you rig it and advertise on it, it will be very profitable for you.
I highly doubt that. Most of the bitcoin gamblers are very cautious to fairness, especially when they are playing on a new site. They will check their bets carefully, and will not play on non-provably-fair site no matter how many advertisements you show them..
Yes, with small budget dice sites can't survive for long time and it also needs lot of advertising to attract new users to site. Since there are quite a few for long time so if one need to pull them to new site means they really should come up with a some new ideas and promotions.
If you rig it and advertise on it, it will be very profitable for you.
I highly doubt that. Most of the bitcoin gamblers are very cautious to fairness, especially when they are playing on a new site. They will check their bets carefully, and will not play on non-provably-fair site no matter how many advertisements you show them..
Looks like you have misunderstood my point. To be clear, my previous post (the one you quoted) was completely referring to Rizky's idea that "it will be very profitable if you rig it" only.
It is profitable but the market is still small and overtaken by a number of well known sites. It will be very hard to make a name for yourself.
If you rig it and advertise on it, it will be very profitable for you.
I highly doubt that. Most of the bitcoin gamblers are very cautious to fairness, especially when they are playing on a new site. They will check their bets carefully, and will not play on non-provably-fair site no matter how many advertisements you show them..
Yeah that is so nice if you own your own casino or dice website. With that you can make a lot of profit.
First I just need a lot of bitcoin to build it. For now I don't have that much experiences about casino or gambling.
I think I will just do another website that pay bitcoin, but not gambling.
then i think you have to create a faucet where you will get bitcoins, but not high, creating a gambling site is also profitable if you create some new thing in that , like what all have suggested, i have one idea why dont you create a betting exchange site like betfair.com, because their is no bitcoin betting exchange site, you have to do some hardwork but you will earn superb in that site.
If you rig it and advertise on it, it will be very profitable for you.
I highly doubt that. Most of the bitcoin gamblers are very cautious to fairness, especially when they are playing on a new site. They will check their bets carefully, and will not play on non-provably-fair site no matter how many advertisements you show them..
Yeah that is so nice if you own your own casino or dice website. With that you can make a lot of profit.
First I just need a lot of bitcoin to build it. For now I don't have that much experiences about casino or gambling.
I think I will just do another website that pay bitcoin, but not gambling.
It's worth to start one if you got the funds to start out with. You gotta invest into a gambling site first before you can start making profits.
If you don't have the funds to do so, I'm sure there are investors out there who would want to invest into something like this, since they will make profits in the long run.
If you don't have the funds to do so, I'm sure there are investors out there who would want to invest into something like this, since they will make profits in the long run.
If you rig it and advertise on it, it will be very profitable for you.
I highly doubt that. Most of the bitcoin gamblers are very cautious to fairness, especially when they are playing on a new site. They will check their bets carefully, and will not play on non-provably-fair site no matter how many advertisements you show them..
As long as you have a house edge, it should be a positive expected value for you, and so in the long run, you will profit.
It's just like investing into moneypot, or any other dice bankroll, in the short term, you might lose some money, but in the end, you will earn it back and more, because you have +ev
However, there are some things to consider about when making a dice site: marketing, domain and web hosting fees, payment to staff etc.
Moreover, the dice industry is fairly saturated, so you'll only get the big bux if you have a unique idea to separate yourself from the others
It's just like investing into moneypot, or any other dice bankroll, in the short term, you might lose some money, but in the end, you will earn it back and more, because you have +ev
However, there are some things to consider about when making a dice site: marketing, domain and web hosting fees, payment to staff etc.
Moreover, the dice industry is fairly saturated, so you'll only get the big bux if you have a unique idea to separate yourself from the others
Definitely. Just take a look at Stunna and Dooglus. They are both extremely rich 
Yes they are extremely rich because they got in early, years ago. Starting right now with all this competition will be very tough to succeed.
The dice site market seems to be over saturated so unless you bring something new to the site, it would be very hard for you to get new players and even harder to turn those already invested in various other dice sites.
Well, it really depends on your traffic. You need lots of traffic to make a decent amount, or otherwise you'd get maybe a few hundred satoshis a day. And keep in mind, someone could bet one satoshi and win a million of em.
It's better to have a big amount of traffic, so your house edge is strengthened. With only one person, it's quite rosky for both sides, the house and the Gambler. We don't want that, do we?
It's better to have a big amount of traffic, so your house edge is strengthened. With only one person, it's quite rosky for both sides, the house and the Gambler. We don't want that, do we?
The problem with traffic is it must be quality traffic. So converting these vistors to paying gamblers.
This kind of audience is quite narrow so reaching them will be hard and expensive...
Well, it really depends on your traffic. You need lots of traffic to make a decent amount, or otherwise you'd get maybe a few hundred satoshis a day. And keep in mind, someone could bet one satoshi and win a million of em.
It's better to have a big amount of traffic, so your house edge is strengthened. With only one person, it's quite rosky for both sides, the house and the Gambler. We don't want that, do we?
It's better to have a big amount of traffic, so your house edge is strengthened. With only one person, it's quite rosky for both sides, the house and the Gambler. We don't want that, do we?
It is profitable offcourse else you wouldn't have seen so many bitcoin gambling sites.
The key to succes would be a good promotion.
Social Media and or signature campaigns are quite cheap compared to banner ads or advertorials.
The key to succes would be a good promotion.
Social Media and or signature campaigns are quite cheap compared to banner ads or advertorials.
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
It most certainly has to be profitable or there wouldn't be so many dice sites. Also, dice has to have the lowest overhead because you can create the software or buy it (one time fee) and then you simply handle customer service and marketing. Marketing I would imagine would be your most costly expense.
There is dozens bitcoin dice website appeared,
i don't think it will be great idea to get profit by run the similar site game.
i don't think it will be great idea to get profit by run the similar site game.
There's always space for innovation. Even the biggest dice websites have different features from each other, or bring new features and corrections that previously weren't looked into. If someone's is a talented website designer and programmer they'd have potential to create something new and win a portion of the market.
Well you can try to do it, do some demo's first. Try to tell some people to try your website.
When people say that is good website than just try it for real.
When people say that is good website than just try it for real.
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