Since it's of interest to me, how gambling sites operate and what are their strategies for making profits, I'd like to ask @TheRocketman, what's the logic behind setting the minimum bet at such a high amount?
If a casino is making a profit it doesn't matter how many people are on it. Of course the more people on a casino the better but the important part is not the amount of people gambling but the amount that people are gambling. If there are 1000 people all gambling 1 satoshi that is 1000 satoshis and that is horrible but if 10 people gamble 1 btc each that is 10 btc.
Now, of course these are very extreme examples but the reality is that casinos care how much people gamble more than how many gambles. Of course the more people they get the higher chance of finding a whale among them. So, if the casino keeps going with around 10-20 people average I would assume from all the costs websites make, it may not end up being profitable for them but it all depends on how much they gamble as well.
I guess time will tell. Right now when I am checking the players and there are 11 online with 7 gambling. It is still horrible. Now, rocketpot obviously is not doing as much marketing as the other ones, looking at the topic itself you can see signature campaigns of many many different casinos in rocketpots topic with barely any (just rocketman) rocketpot advertisement.
So, all if they want to keep having that 25 mbtc minimum AND they want to get more customers they will have to do marketing but that is a tricky one because if they do marketing and keep that 25 mbtc and that causes people to come here but leave then they will lose even more money. So all in all I feel like the minimum has to go, there is no other way of doing it. If you are not really going to do anything about minimum, this place will slowly go down.
I agree, I think it's better to invite to your site as many people as possible at the very beginning. Even if most of those players are not high rollers, they can tell their friends about the site, the friends can tell their fiends, and so on, it's like a chain reaction, and the difference between 7 and 70 players online, in this case, may end up being not 63 players, but hundreds or even thousands of players.
Only the minimum bet is not 25 mbtc, it's 0.25 mbtc. Still a high amount though.
