Topic: Operating a BTC gambling site - Worth it? (Read 2330 times)

One best thing about bitcoins gambling sites owners is that they don't really have to spend money on SEO and other promotions like backlinks since they can just make a thread here nicely and they will already get 90%of the gamblers who actually gamble with bitcoins.
SEO and backlinks are important when you need a site popular in search engines which is clearly not required here.

Passion won't be enough.  You'll also need to spend thousands on SEO linkbuilding because gambling is a very competitive niche.

Hey everyone.  

I'm a passionate Web-Developer and currently got a little bit more time on my hands than usual.
I really love what I'm doing and enjoy running my own projects, so I decided to sit down and start coding a new BTC gambling website.

Everything is prepared already:
 - I have a really catchy Game which I couldn't find anywhere else to play online
 - I have designers on my hand for some neat graphics
 - I have done the math to maintain a small house edge
 - The automatic handling of BTC transactions is finished
 - Provably Fair is planned to be done today
 - My dedicated server is ready to handle a good amount of traffic
 - [...]

Yes, it is profitable, because if your game is really good then, many people will become interested on your game and the more the players that you have, playing on your gambling site everyday, the more money you can have everyday.

You have said that you have a really catchy game which you couldn't find anywhere else that plays online, so technically, many people will be addicted on your game if, it is really catchy like the way you have said it. Also, your game must have a really good User Interface, for them to be more addictive about it.


Nope it is not yet saturated, because if it is, then no one would make new gambling sites everyday, or promote something to play online and bitcoin is the payment. Your idea is really good, because most of us here wants to make a gambling site because it is really a good way to earn money, and the profit here that you can earn per day is really big compare to if you are just going to do signature campaign.

Hey everyone. 

I'm a passionate Web-Developer and currently got a little bit more time on my hands than usual.
I really love what I'm doing and enjoy running my own projects, so I decided to sit down and start coding a new BTC gambling website.

Everything is prepared already:
 - I have a really catchy Game which I couldn't find anywhere else to play online
 - I have designers on my hand for some neat graphics
 - I have done the math to maintain a small house edge
 - The automatic handling of BTC transactions is finished
 - Provably Fair is planned to be done today
 - My dedicated server is ready to handle a good amount of traffic
 - [...]

But I'm interested to know: Is developing a BTC gambling websites considered to be profitable?
Can I expect people to pay attention to a new game?
Is the market maybe already saturated?

My decision to code this website isn't going to change, regardless of the answers I will receive. 
I'm simply wondering what dimensions I could be entering with this project.

I'm excited to hear your thoughts and opinions on this! 

Hey everyone. 

I'm a passionate Web-Developer and currently got a little bit more time on my hands than usual.
I really love what I'm doing and enjoy running my own projects, so I decided to sit down and start coding a new BTC gambling website.

Everything is prepared already:
 - I have a really catchy Game which I couldn't find anywhere else to play online
 - I have designers on my hand for some neat graphics
 - I have done the math to maintain a small house edge
 - The automatic handling of BTC transactions is finished
 - Provably Fair is planned to be done today
 - My dedicated server is ready to handle a good amount of traffic
 - [...]

But I'm interested to know: Is developing a BTC gambling websites considered to be profitable?
Can I expect people to pay attention to a new game?
Is the market maybe already saturated?

My decision to code this website isn't going to change, regardless of the answers I will receive. 
I'm simply wondering what dimensions I could be entering with this project.

I'm excited to hear your thoughts and opinions on this! 

I think at this point isn't interesting anymore to operate a new casino. There are many casinos already and it already supply the current amount Bitcoin gamblers. It will just worth if you come with something new that no one have, an original inedited casino.

When more people start using Bitcoins, maybe this idea could be good again, but now it's too risk and probably you can lose money trying to be a part of a saturated market.

first of all, when you are running some ad campaign (not just signature campaign) you dedicate the funds beforehand so when price goes up your funds are still the same. and you are still paying with bitcoin.

also it is still a lot cheaper than banner advertising on anywhere with this much view. even the forum banners would cost more.

and last but not least, people are gambling with bitcoin so these sites are earning bitcoin and also paying bitcoin so it really doesn't matter much how much bitcoin price is worth.
unless price goes up really high such as $2500 or these sites stop making money i don't see any reason for them to reduce their payment.

as an example you can check out bitmixer.io signature campagin. they have been paying the same rate even when price was $200 and still paying the same rate even when price is $1300!

Just imagine the current price of bitcoin. Yet somehow it seems that they campaigns from gambling sites has no changes at all which is for me means that they are not so much affected of the currrent bitcoin price hike.

  Why arent they so affected? Well who knows? Maybe because they can still pay the price

There would be no effect at all since their bitcoins would grow and even they are paying on fix campaign rates it doesnt matter because its just on the same story.No matter how bitcoins price would hike they will still not change payrates which is really an advantage for its promoters.

Just imagine the current price of bitcoin. Yet somehow it seems that they campaigns from gambling sites has no changes at all which is for me means that they are not so much affected of the currrent bitcoin price hike.

  Why arent they so affected? Well who knows? Maybe because they can still pay the price

Yes you have to take the start as the players nowadays for BTC based casino are much more but for the success you will need an expert planning for promotions and bonuses for the people because in the start you will not think for your profit but will give benefits to the players so that they will attract to your casino.

Don't bother, community is truly saturated with all kinds of gambling services plus a few of the best casinos are owned by admins and staff here so you'll probably need to advertise heavily, I noticed that you said no matter what we say you'll do whatever you want, so do whatever you like but be prepared to get rekt

It will be a challege to run and operate an online gambling site because hackers are looking for new ways to rip you off and it will be a constant pressure to be above them and the major factor you need is the bank roll to fund everything .Then only comes the promotion and other stuff.Having a good security is essential for an online gambling site.If you can do all those then it is worth a shot.

The market will not be saturated and as long as you offered a new catchy game. And if this catchy game clicks then you will profit and your risk be rewarded. Looks like you are pretty much set it up, so goodluck.