Is it profitable to run a dice gambling site? - page 9.

mrcashking

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making the same thing again and again is quite not profitable ,i mean come up with some new idea or yours and it will get you you the desirable results if it's really interesting .

Quote from: nickaizoku on December 16, 2015, 01:19:18 AM

Quote from: katerniko1 on December 15, 2015, 11:09:10 PM

there is soo much dice sites because all of them are not earning money

regards.
-Katerniko1

Ya new dice site need face alot of old site.
But i think new dice site need make something different, alot alot of promotion and show their potential to player, that they can afford to pay big amount to users.

correct , that is something very important.

nickaizoku

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❃ CyberNick ❃

Quote from: katerniko1 on December 15, 2015, 11:09:10 PM

there is soo much dice sites because all of them are not earning money

regards.
-Katerniko1

Ya new dice site need face alot of old site.
But i think new dice site need make something different, alot alot of promotion and show their potential to player, that they can afford to pay big amount to users.

Erza

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Quote from: Mars110 on December 15, 2015, 11:39:43 PM

Quote from: katerniko1 on December 15, 2015, 11:09:10 PM

there is soo much dice sites because all of them are not earning money

regards.
-Katerniko1

I think it depends how to manage gambling sites.
so, when managing very well, he will get a very big advantage

Yeah may be one of them is about managing it well. But most gambling games will not last long because their site is less attractive and they dont give such giveaways or making some promotions, thats why there are only some people know. The most important thing is to attract big whale, if you can attract them I am sure your site will hold long enough. You can saw betterbets that have almost 30k wagered in just 6 months

Mars110

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Quote from: katerniko1 on December 15, 2015, 11:09:10 PM

there is soo much dice sites because all of them are not earning money

regards.
-Katerniko1

I think it depends how to manage gambling sites.
so, when managing very well, he will get a very big advantage

pokerowned

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Quote from: adaseb on December 15, 2015, 06:57:20 PM

I think in 2015-2016 its very difficult making money wit ha dice gambling site for many reasons.

One of the reasons is that there are probably 50 active dice sites out there. Unless you offer 0 house edge or some incentive, nobody will want to bet on your site.

Also you need a big bank roll in case a whale comes and starts betting 50 BTC rolls and ends up cleaning out your hot wallet.

Most dice sites are on MP bankroll so a whale cannot come in n start dropping 50btc bets since the max bet there is 7.11btc

katerniko1

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there is soo much dice sites because all of them are not earning money

regards.
-Katerniko1

MyBTT

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Definitely. Just take a look at Stunna and Dooglus. They are both extremely rich Tongue

Supercrypt

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New and innovative things always get rewarded. If we design a stand out site with unique features and attractive designs then we can expect profits from a gambling site now days.
But the important thing is advertising the site. Must need more funds for advertising gambling sites.

adaseb

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I think in 2015-2016 its very difficult making money wit ha dice gambling site for many reasons.

One of the reasons is that there are probably 50 active dice sites out there. Unless you offer 0 house edge or some incentive, nobody will want to bet on your site.

Also you need a big bank roll in case a whale comes and starts betting 50 BTC rolls and ends up cleaning out your hot wallet.

neochiny

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Crypto.games

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

If your question is only if its profitable, i can answer that YES!!!
but you can be sure that you will profit big amount. as theres a lot
of dice sites already running. unless your dice site will be very unique,
that other will be attracted to it and if you manage to promote it successfully.
naturally the first days of the site will be so hard.and you really need people to help you out.
and also they are right the wagering amount doesnt matter at all.
For me. it is better that you make a game-base,like clash of clans btc involve and gambling
and looting in war. in that case.. much more people will be interested. hehe... goodluck.

xuan87

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running a gamble site cant be done by one person and you need to updates and updates

but i think you will get profit if you are running gambling site, but for information you need huge of money to start a gambling site

i am not suggesting open a gambling site by yourself

AtheistAKASaneBrain

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It's obviously profitable for those that have been succesfuly running one for a long period of time. For example, im sure that the guys at SatoshiDice or PrimeDice which are stablished names within the gambling game are by now pretty well off and the business sustains itself, I think it will only get better as more and more people adopt BTC and discover BTC gambling with it.

jaberwock

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Yes and no.

If they were not at all, then there would not be so many dices around, so they must be.

But they require many BTC to bankroll and to maintenance and there are just too many sites around, and build trust is hard, and you may always be hacked or something. Your site may fail too and you may have lose a good amount of BTC.

And there is the law, of course. Even if your site is not illegal, it may be in the future, maybe before you can ROI, and you'll have a hard decision to take

yahoo62278

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Contact @yahoo62278 on telegram for marketing

Im an owner and its not easy at all for us. Theres so many sites out there to compete with. Youre not just gonna launch and watch players come running. You need a new look(which i have) and that still doesnt get them running to your site.

El Emperador

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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

It's profitable if players trust your gambling site, otherwise they won't deposit, or just play with the faucet.

ComboChris

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If you have an original idea it would most certainly be worth it financially to start a gambling site.

The reason why im saying "would" instead of "will" is because you could get in huge legal trouble. There is basically no way to run a legal gambling site that operates world-wide without paying 100k$+ per year(for licensing, lawers etc.).
That said, all bitcoin casinos have chosen to launch there sites with no or little legal protection and staying anonomys. If any of the bigger gambling sites identity would be revealed, they could be facing charges.

This year the owner of the biggest bitcoin poker site faced what could have been up to 10 years in prison, ended up only being sentenced to 2 years probation and a 25,000$ fine.
Reference: http://www.coindesk.com/bitcoin-poker-site-operator-to-pay-25000-fine/

Nimbulan

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i believe it might be profitable and you can make a lot of money with it if you can make it very interesting and attract a lot of players that would loose money to your casino because of the house edge it would have

Remk

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The gambling side is profitable in the long run when you have players. Most of the costs go towards marketing and promotions. Very profitable if you do it right.

virtualx

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LOTEO

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

It depends. If you run a popular casino you can make big profits. You need to do the support, advertising and have loads of bitcoin to start. It's literally running a company.
Commission from referrals is only 0.03% to 0.05%. (For instance, to refer 1.7134000 BTC gives only 0.00085000 BTC ) Does anyone know a casino that gives at least 1% referral commission?

Bayuu

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IMO yes, because when you look at your profit chart when gambling on any site that reflects how much profit the site has been generating. You're basically gambling with a negative 1% house edge, and I would do that any day.

Also an online gambling site is obviously a lot easier to manage than physical casinos.

Topic: Is it profitable to run a dice gambling site? - page 9. (Read 5669 times)