Bitcoin Forum

Does anyone know or can give any evaluation of the revenue for one of the sportbooks available for bitcoin?

Depends on how famous the sportsbooks are, but its usually a lot. Hard to give you a number as every sportsbook would be different. They usually end up having more edge than any other gambling sites.

Let's discuss the famous ones like directbet, nitrogensports etc.
Can you give an estimation of how much is "a lot"?
10,000/year? 100,000? A million?

No i don't think any sportbook will share it's average revenue news with the users but among all directbet has the highest because its most popular sports betting site and that site earns a lot of bitcoins per day.

I imagine you are talking about dollars, im pretty sure they make more than 10k dollars a year, easily, im talking about directbet. Just by taking their visitors in count you can see that they make quite a lot of money, probably less than a casino anyways but then again without real stats from their site no one knows except them

They will not publicize their income because of the privacy, but if you want to know that I can help you, this is the address bitcoin cloudbet https://blockchain.info/address/19th5ZHDUpXir4YJ3oBeZdogSsAxQKXAVS
Cloudbet is sportbooks website you can see the history of transactions every day

Holy fuck that is alot of bitcoin :) 14.4 million dollars of btc
How much did they start with when they launched?

I do not know for sure about it, cloudbet Registered On October 03, 2008 (https://who.is/whois/cloudbet.com)
of the Date that they (cloudbet) have been active 7 years and total transaction  $16,285,889.42

This is just the betting volume. You need to deduct the betting payout to get the revenue for the sportsbook.

It actually depends on what kind of sportsbook you're looking for.The best evaluation would be given by either wikileaks or the site's notes if you follow them.They might be earning a lot though ,not all of them but very few and common one's because those are the one's people use a lot as they're secure as well.

for cloudbet, directbet, nitrogen, i think they can earn over 10k btc per year.

10,000 BTC?
That's quite big, but it's depend on the number of their users.

Same goes with casino when the number of the player increase, their earning also.

Sometimes i have some question in mind, how can some dealer/owner of the sports betting always win profit on the end of the years?
Actually on sportbetting people can choose who will win on some match. Why their always can get profit from that?

Is not about casino, but sportbetting.

I think because almost everyone after a big win is eager to win more and more. Also the sportsbook looks like u need to have knowledge about who plays, but it is still gambling, a 50/50 percentage chances of succes.
People do not know when to stop and enjoy their profits.