Bitcoin Forum

 Can I somehow check how much gambling sites make ? Daily , Weekly , Yearly , doesn't really matter but the more the merrier.

I don't think there's a way of doing this, unless the owner has a central (known) address which he uses to stockpile his earnings.

I don't think you would be able to find this out unless the particular site publishes their earnings, many non bitcoin companies tend to do this but I don't think there is anything similar in the bitcoin world.

usually full casinos that have sportsbook roulette and other casino games won't give details about how much they are making
but there are plenty of dice sites that show how much they have made so far , especially sites that allow their players to invest
you can check some stats on dicesites.com , it has some statistics that can help you

One estimation that you can make is to multiply the house edge, which is usually 0,5% by the total bet amount.

This will be the betting site turnover. After that it depends on the number of employees, hosting, promotions, referral payments, etc.

In short, no. Not exactly for sure. Unless site owner provide you data about its earnings there is no definite way of knowing how much said Casino earned.
You  can try to research some data, like number of bets, House Edge from them etc. But from my experience the final number could be different from that maths.

There is no casino publish their profit earnings, but i have seen a casino which publish their negative earning and I think it is a little bit strange a casino did not get profit. I forgot what casino it is but I have seen it I am sure.
What about count a total bets in dice site and make a percentage of 1% house? Is it will work to get to know how much they get profit?

If the site have an investment or profit sharing opportunity you can make some estimations on the profit. You can also make some calculations from publicly available data like house edge and amount of gambled coins, but that not going to include the costs of running the casino. Generally speaking casinos not used to publish data about their earning without a good reason (e.g. selling shares).

I haven't seen other gambling site which allow you to see actual stats of bankroll of the site but bustabit stats can be found here https://www.bustabit.com/stats

And if those site uses the moneypot script and api than you can always check wagered amount, profit to casino and profit to investor  in moneypot.

here you have Luckybit promotion, and house share 2% with users. https://bitcointalk.org/index.php?topic=873587.1360
you can find the amount of profit for a certain time and game. interestingly.

Most of the sites wont give out their accounts details online to anyone, but some sites which are genuine gives their account details by registering to some sites which keep track records of the sites, because their are so many gambling sites which come and go very soon and players money are getting scammed, that is the reason they are not coming out with their site account details.

you are right, i usually do this kind of calculation to estimate how much casinos earn per year or day, actually unless some public casinos like bet365, williamhill, seldom private casinos will public their financial reports to public, that's why we don't see the figure in here, but we can estimate the wagering amount times house edge.

nobody wants to reveal their earnings to public. they don't benefit from it and it might even be harmful for them. so the only thing you can do is to make estimates by checking their known addresses and amounts that people bet everyday on their website and try to do some calculations in order to find out how much they make.

A whale could get lucky and than cashout with big profit.
It's not a 100% guarantee that they will profit, but with math you will always make a profit in the end.

Some site give will show their daily wagered and monthly so you can calculate it not precisely but round up. What I know some site will get 10% from their wagered so if particular site have 10k bitcoin wagered in a month so they will get approximately around 1k bitcoin

That's a good method to estimate how much a gambling sites makes. Thanks!

Of course you can't say the precise amount but you will defiinitely pretty much have an idea.

Another way to know the amount is (if a site is based on investments) reading a quarterly statement for shareholders.

You can check the profit of dice sites with investment options here:

https://dicesites.com/

As the other mentioned, you can get rough estimate by multiplying house edge by total amount wagered (if available).

i dont think that it is possible if the websites do not share their statistics online, they can easily just dont show their wallets and thats it no one could predict that, there were a couple of websites that did that

i must admit that it is a really good website, i was looking for something like that for a long time already to decide where to invest my money thank you for sharing this

If the site has a public bankroll because they let you invest then you can see how much they make. However most sites aren't like this.

You can always just assume that after 1,000,000 rolls they gains are the house edge but you have no way of knowing each bet size so it won't help either.

I don't think its possible to see it, most owners are very dark about it.
But I can understand it, You don't just throw numbers to the public.
Maybe someone will it soon, but its not traceable to check how much they make.

you are right, It's not possible to measure it but it is sure they win big every day.I think in 100 only 1 person is lucky who won from gambling.:)

I do not think any way is there unless the site mentions it themselves, which most site dont do. But the most appropriate way to check how much the site has earned is , check the total wagered and divide the amount by 100 :) , or accordingly with edge being.

Sites don't usually want to tell their status to gamblers, because when they see how much they've lost, they won't Gamble their anymore. :)

Although if there is an invest option and you can find out how much the community owns of the bankroll, you can use the total profit and work out the ratio.

http://dicesites.com/ might help too.

Some of the sites that calculates each websites earning could give you the outcome of the earnings roughly but not the exact one as there are too much hidden fees that any implemented program by those website could able to measure the exact earning of gambling sites. Another way could be as if you know all of their BTCitcoin addresses then you could track all of them and do the calculation manually in case all of their earnings are in BTCitcoin as well.

Thank you Pawel. This website is amazing. I didn't know about it and always asked myself how much profit they could have.

I like the statistics options you can have about every website.

(Of course it's not absolutely correct because you should deduce the cost of running these websites)

Of course they don't. Most of them are hiding their real income to avoid paying taxes. This is one of the reasons Bitcoin is not loved by our governments because it's really easy to exploit the tax system.

Not actually all sites give access to players to their statistics.There are still lot of big names which not only share their statistics and also give access to everyone to see all the history on main page or somewhere.You by self can't have access which isn't allowed this.

Many sites owners don't want to let the players know about their real earnings or the real financial situation of the site.Many even will not let you know what is their bankroll or profit/loss is at the moment.

Side administrators can always see how much money they are making each moment.
The have an overall statistical setup embedded within its database which gives the exact report via some cron jobs.
Actually they need to view the earnings to estimate whether they are having a profit or loss compared with their initial bankroll.

If you are curious to know about their earnings you can ask their admins privately but I think they will not tell you the correct information because you might a government regulated tax collector.
Also what they say during promotions are all in average estimation just to attract more gamblers in the process.

yeah they are very secretive about the cost of manufacture.
maybe you can see it when they sold their site.

in the auction, the selling price of precious betterbets 60~ BTC
The very large

You know, of course, that all gambling games are rigged, right? No one would really let things to chance. Too risky to actually let people play fair.

That is true, no gambling houses would like to show the proof that they are always or most likely winner in gambling. Also I don't think, we can even check any way there earnings because they use dynamic deposit address for each user so you can't check it any way.

On Crypto-games you can see this under the 'statistics' tab of every coin. You just have to add everything to see how much they make for Bitcoin and every altcoin.

Here's a screenshot:

https://i.imgur.com/9SBnU3S.png

I personally think not. It not be logical that they will show how much money they get.
That fact does no one but you can make your own estimate for how much they receive.

like secondstrade. i think perweek that site can make more than 2~ btc :/

If you feel happy with gambling why not :)
enjoy it as entertainment and games, cheers

Its difficult to guess that how much these sites are making. These sites don't share their profits with the public or any other medium so its really difficult to predict their earnings. I think the sites which are more popular, must be the more profit making as there will be more players which means more chances of loosing the money, which is the profit for site.

Yes in fact true. I dont see a reason why anyone should share or tell his income to anyone else. I think gambling sites make house edge multiplied by 1/00 multiplied by wagered amount .. so its a rough idea though .

Anything divided by a '0' leads to infinity and i think there is no-one who can profit infinite amount's.
Though, you can find the graphs/charts for their profit's on some random blogs or on their thread sometimes.It's probably 1% of their wagered amount.

I know there are some data measuring sites for dice where you can see number of bets for each site but who knows what volumes are correct.  Even if you knew you could only approximate as gambling sites will have to deal with variance themselves.

It's "impossible" for some sites but not for others....
For example... you can follow second trade ! (because they have only some address and you can see all txs for each address).

But meanwhile you can't see for Direct Bet... Every User could get a new address to send btc ( or other crypto) is quite impossible see all btc wagered and the profit of this site.

Following all transactions is going to be a tedious task.
Gambling sites are regulated and as far as I know register their business to every state and so they may have to pay to IRS which means there is transparency to their records.
No matter that your purpose of asking these info, but sure they earn big. Some of them support and donate charities.

I do not think anyway that you can. It's strange that anyone can see how much he earns. I think you can make an estimate but you never know what it really is.
It would be weird if everyone knows each other how much the person earns.