Bitcoin Forum

Hello,

I saw that there are so many bitcoin dice gambling sites and new ones starting each day.
So my question is if owning such site is profitable?
How much starting capital would be needed to start dice gambling site?

Of course it is always and will be profitable because of the house edge. For starting capitals maybe a few coins would do then just use moneypot to help you with your bankroll needs but take note that your profit would be low because you don't support the bankroll of your gambling site..

But it's not too late to jump in this niche? I mean, there so many dice gambling sites..its not already saturated?

i think this is the most profitable site ever that we can create because i think many people out there that interesting to playing gambling and if we create gambling site with many games, then we can get much of profit but to build this site need much capital too. actually i really not sure how much capital needed to start or creating gambling site.

maybe i can give some examples, domain names is about $11-$15, hosting server is about $25-$100, i don't know about how much fee to pay some programmers to build the sites, maybe it will more than $100 but you can search in freelancer.

The market is not yet saturated, you just answered your question with your observation in your first post. There are new casinos that are operating so that would simply mean that they see a great potential to be profitable. Bitcoin or crypto currencies are getting popular, thus it would result to more and more people adopting with it and eventually those gamblers will prefer gambling with bitcoin because they can compare with the traditional gambling sites and I'm pretty sure they will have an awesome experience just like most of us who are already hooked with bitcoin gambling.

Bitcoin gambling has a lot of potential to grow in the future because it's a good concept (people that wouldn't like to have their gambling habits public pay with Bitcoin instead, and it also allows provably fair mechanisms on online casinos).

Owning a site could be profitable but it would be very hard because you have to have features which distinguish yourself from other casinos and make you better (a lower or different system for house edge, for example).  As for starting capital, you wouldn't need much as long as you'd be willing to give the majority of your profits (most sites do between 50% and 80%) of your earnings to people who invest in your bankroll.  If you're more casual, you could just invest in the bankrolls of existing sites.

about what amounts we are talking? I mean, dice gambling site which have decent traffic and players, how much such site approximately earning per month?
Also, can you tell me more about bankroll? If I understand correctly, people invest money into gambling site and getting profits from casino earnings?
If I would be interested to invest too, where i could find trusted sites?

Dont know how much the capital would be but I sure do know it will be profitable if you knoe how to work it out.
You would need certain people here that are knowledgeable in different fields. That adds up to your capital. You will need to pay them.
But I sure do think in the long run there will be profits. While you are the ownerband have control of a lot of bitcoin you could choose to trade them back and forth fiat and bitcoin.
Perks of being an owner if I would run it.

some people will says it is profitable if in your sites plenty active players such as primedice but some of them also will answers no it is not profitable anymore because even there are new dice sites starting each day but there is no guarantee you will have loyal players on your sites and currently rivalry of gambling sites will so tight

So as I understand it's hard to determine if it would be profitable or not. The one way is to find out is to try..

It would be profitable as you will earn the house edge in the long run.

The biggest issue is entering the market, getting the volume you need (margins are thin!) and make sure everything is secure.

If you operate a service like this, you will become a target for hackers, which means you have to invest a lot in security.

- Yes many dice sites are popping up daily/weekly and only few of them are getting success/profit.

- Owning bitcoin dice sites can be profitable but it is not always the case, there are few examples of dice sites going bankrupt due to lots of spending on advertising which didn't pulled in profit.

- Depends on how you want to proceed, if you have all the software/script than you can open investment opportunity for users so that you don't have to put all your bitcoins in bankroll. This is also quite safe way to start. I think initial investment can be between 10BTC to 100BTC.

Anyone can come up with a nice site for dice game but only sites will successful with proper marketing. If you don't promote it well then any use of having a gambling site and you may need to spend money for hosting site every month. Also, remember you need to have a lot of bankroll to success in this business otherwise you may also lose money in some cases.

If you think most of the dice gambling sites are here, The reason is that mostly online gamblers like to play dice games, and when bitcoin came, than it give us easy way to play online gambling. So mostly people like to play easy and favorite game, So dice is one of them.
Definitely it would be profitable for the owners of the gambling sites, that's why every day we saw new gambling sites. But about the capital to start own gambling site, I really don't have any experience of it, but you should have experience of it to create it.  

Many thanks for answers and your opinion !

10btc is a lot of money ;)

Too late for a copycat business. If you innovate something, you may find success. I do see many bitcoin based gambling sites were just shut down.

fastdice.com is such one, I remember they had signature campaign for months and their admin was also active here in this forum with many giveaways but not into business any more maybe high competition would be a reason.

The Dice game is more profitable for site owners. Becasue everyday lot of people lose a number of coins in a dice game. That is why day by day new casino sites are entering to this gambling world. And it is easy to play the more attractive game in gambling. No need to think about the game just pick one number and play. And the instant money that is why people like this game and this is more advantage for site owners.

No, it's not. But creating a new dice site you have to keep in mind that it should be at least in a way different from the existing ones. If you create an identical copy of an established and successful dice site you can't expect people will go to your site because they will have no reasons for doing that. But if your site had, for example, 1k sats faucet people would go there for sure. The question is can you afford it? You have to be ready to lose $10k-$20k per month during initial 2-3 months and only after that your site might become popular.

Of course yes, bitcoin casino is profitable to have such casino although build this business is need much capital and it needs long time too, because building projects and reputation are not something easy be done, will take much time for promotion and advertising on internet. I think we need capital about BTC100 for making bitcoin dice casino.

Is it profitable, but first you need to invest a lot of money before casino starts to bring you money back. Look around the forum what kind of signature campings there (calculate how much money do you need to run campaign for month or even more), its not hard to visit any site and see what kind of promotions they have and what bonuses they offer, giveaways, wager reward's also, and because you are new you need to offer more and better how else will people quit their favorite casinos and come to you.
100 bitcoins (suggestion from previous comment) is nice amount to start with, but for good casino that will attract many high rollers and much more ordinary players you will need more money for investing.

Owning a gambling site is really profittable, the fact that there are a lot of gambling casinos or sites that is being made or published is one way to say that dice sites are really proffitable. Though I think it depends on how you handle your dice site. There are a lot of gamblers that like their own uniqueness from the other dice sites, like faucets, cash back and bonuses. If you can make a good dice site and you can make many gamblers attracted to it, i think you can say that it is a successful site.

It depends if you will run a dice gambling site or any gambling site you need to be popular first rather the site need to be popular to have a large profit. And the example for that is run a signature campaign and youtube review campaign in that way you can attract gamblers to play with your site and another is you gambling site should have unique feature. 

Yes it is highly profitable in the longer run, there are some dice websites here from years and they must have made a ton of profit. A very low house edge is also very profitable there is no need for a high edge. Initially it is gonna require a high capital, if the casino attracts high rollers then you must have the BTC to pay them, keep in mind that these high rollers will make you a lot of profit in longer run.

It is profitable but you need to build your reputation and you need to have a good marketing skill, because almost all of the dice site offered the same thing, you need to be creative to lure people to play on your site, if you offered something special then people will go to your site

Counting each of them as of now in the market would really be many and yes gambling sites is profitable if you already passed the state on hardships or challenges when you are just a new site.Its not easy to gain trust to public and if you are thinking to build a new site then its better to think on a new site which isnt on the market or unique among others because if you plan to build a dice site again then i can say it would be a hard stuff to compete among those who are older than you.

Maybe add some other games, which isn't in other websites.
What you think, how much these dice gambling site owners are earning per month ?

Yeah, 10 bitcoins is enough, But if you have decided to make own gambling site, should know that it is risky. Even i also have 4 and half bitcoins, but i think for me, is better to hold them. Because i hear next 3 years are very important for bitcoin's price, it will be grow more and more. So i happy to play litter bet. But i wish for you to make your own gambling site.      

One thing you must have is your skills in providing the best for your site's users. I think not very seen by gamblers, if you have a site that is interesting and outstanding support. Since most gamblers do the game just for the fun of it. But sometimes it is indeed funds could become conditions of the users, but that's not to be personal. And be someone who can give the best thing from the previous
 

It might not be profitable if someone figures out the Algorithim.

Thats the thing you should seek out or discover on yourself on thinking a game which isnt on other site because most of games are now in the market and people do still strive to create there own unique game.Talking about earning on dice sites i dont have any idea and it does vary on how popular it is.

IMO profitable if and only if your site will have several number of active players. It won't get any profit if it can't maintain users who'll regularly visit and use it. So you need to think of a way for users that they can't resist visiting your site. That's a little bit hard since there are many dice sites out there and if you have small capital.

of course it will be very profitable. you just shut at the computer and wait for visitors to play on your site. you must require a lot of capital and also have knowledge of Internet marketing so that you can attract more people to play on your website. This is a great opportunity, especially the development of bitcoin gambling is very good.

It is not a guarantee that having dice site is profitable, there were some examples of failed dice sites in the past.  They have spent some money to promote the site but still hard to attract many players. Nowadays the competition among dice sites is so tight, you need to work very hard to compete with the older trusted dice sites. Even though you have a lot of funds to promote, but it is not enough as it is not about money at all.

Having a casino site would be very profitable, especially accept bitcoin. Many people who do gambling mainly at casino using bitcoin, it was because the security of identity and easy to use. And it is definitely many people will gamble in the casino with bitcoin. If you make site that would be a trustworthy and attractive, I believe will be able to bring a lot of profits. For the capital needed to start a dice gambling site I do not know precisely because sure it varies according to the needs of site. But the minimum capital maybe around 300 BTC and greater will be better.

Don't know the ammount but it always depends on the active player on the casino, if the casino has many active players, then surely the income will be way higher than the one with few active player. The hard part is promoting your casino, attracting players, gaining their trust, providing them with entertaiment and services and keep them happy to throw money at your casino.

It's only as profitable as how popular your gambling casino is. Since this niche has been around for a long time, there's a huge competition already. There's companies that's already at the top like Primedice, CloudBet, Betcoin, Bustabit, etc. Imagine what's something that you have that they don't. You can't climb to the top with just promotions, and advertisements. You have to be something unique and not just a copy+paste of these websites. I see dice sites popping here and there but they all do the same and they all look the same.

You either think of your own unique business or you battle your way in to go to the top. The former is quite hard but all you have to do is think. There's no money involved yet. The latter will require you money which can all lead to nothing at the end.

Yes, there are different gambling sites that comes up but most of them fails and the top stays at the top.

I think it's great that some people still want to invest in casinos in the bitcoin space. I think the bitcoin casino is still a green field and we are far from it being cornered, still big possibilities to do a good job if you offer an edge against the competition.

It depends on how many visitors are using your website. If the people that are using your website choose a dice game and then they end up losing then you would make a little bit of money though you might not have that visitor go to your website again.
Website's like YoBit feature a wide variety of things that the user's could spend their Bitcoins on and when they get bored with that then they would go back to playing dice even though they lost a while ago.

Already we do see some gambling sites are coming up with zero house edge (but they will use some specialized tokens instead of bitcoin or fiats), so not just house edge I believe the new gambling sites need to revolutionize the gambler's experience to make a hit.

Still, I too believe there would be more possibilities for new sites to make decent profits as this forum has lot of promotion methods to make use of.

I don't think it's profitable anymore to start a casino site as we have many legit and reputable sites already that cover the demand of BTC users we have at this moment. Also, with OP reputation it would be ver hard to start a casino and to have people playing there...

The investment necessary is big, because you need to have a decent bankroll to cover the initial expenses in case gamblers win nice prizes. If you really want to start a new casino make sure to have features other casinos don't have, only this way you can have success. Nobody will play in a new casino if there are the same features on another trusted sites.

Unfortunately you are right, now is really late time to start dice website because nowdays there are many of them which offer fantastic promotions and etc, they gained trust and it's hard to build better trust and get popular. It's late but with good advertisements and good marketing, it's not problembut it requires some time and huge amount of money but worths. To my mind for you it's better to try bitcoin casino with poker, slotd and etc because there aren't many of them.
Also you said that 10 btc is a lot of money. In dice it's not big because there are many players who play from 0.1 to 1btc and higher.

It's more profitable to invest in the bankrolls of existing sites, since you know that you're betting on the house and therefore will win in the long term even if too many people join the bankroll.

Yes theres no accurate answer when we are talking about profits of a gambling site or casino site because it does really depends on how many active players who are playing on your site.It does really have a difference compared to others but there are some cases which they have small numbers of players but most of them are whales which also gives decent profits for the site.

beside that in the first month until three month, i think its normal if we don't have enough players so our profit is not bigger but if we have grow profit from started, then it still profitable for us. having more players or visitor is depend from our promotion that we do, with place our ads in every where, it could makes people see our site and we are having opportunity for getting new visitor. if we make promotion then we need to be patience to see new visitor that will come into our site.

Proper advertising would really be also the key on the success of your gambling site because if you focus on this one you are attracting people to play on your site but it would still depend if your site is good in terms of fairness,support and interface.People do really love to play if they saw that the site is trustable.

it's true, advertising is the key to make your website stand although it has a large fund and the house edge makes a profit it will not be long if your advertising is not appealing and less precise. not only gambling sites I also see a lot of online sites are good but lack the advertising section became abandoned in the near future.

Not really, investing in any existing sites or wherever you want also has risk. You could lose your money if that gone for forever (you got scammed). But if OP has big bankroll, i would like to suggest him to split his money to his own gambling site and invest in existing gambling sites. With this way he can minimize his chance to get scammed or maximize his profit.

Ofcourse these types of owning casinos are profitable but you should think and start in better way .
You need to have atleast 1-2 bitcoin to start your casino for the gambling purpose and second most important thing that is a real factor of earning is  " advertisement" Because without advertisement no one will know about you and your trust with casino .
Beside of the casino you can start your own faucet site and give a option for the gambling ( like freebitco.in ) .

Sure why the hell not? you go ahead and launch a new online casino but be aware of the big/trusted/well established services not to dry you out with their large bankrolls. and obviously you'll end up cheating the gamblers after running fair and legit for a while seeing there are some strategists gamblers drying you out everyday.

But if you set some house edge and have more than 100BTC in your bankroll then deploying provably fair mechanism and have a user friendly design/ interface/ platform and of course if you heavily/ widely/ massively advertise because advertising is the golden rule, lets be honest even God advertised by sending thousands of prophets :) people need to know that you exist, they need to get to know you closely, you need to become a part of their daily lives.

Also an important rule: you need to be a high ranking member of forum and a trusted one with no negative trust.

Anyways I know that you'll end up like many ( cheating, because in gambling you either cheat or they will cheat you).

for starting that's really a good tips mate, provide more from advertisement and be true from what you are offering having an a+ ratings from those who's gonna try your service would be your advantage but fro sure its really an expensive journey bit if you do succeed you will be able to earn decent profits from this business.

you can't judge anything if you didn't experience to have a casino or at least invest on a casino bankroll. we are talk here just based on random opinion , so let's limit it , we have seen a lot of bitcoin casino popping up recently , you know why ? it's indeed because they see it as an opportunity , a lot of casino survive for long time due the law of -EV and got a promising profit for long time enough .

It is, it is a hell lot of profitable if you ask me. The problem is that, what differentiates a good casino from the bad ones will depend on the operator himself. He has to promote it well and keep players playing in the casino. Most of the time gamblers just go into casinos, get the bonus or promotions and then leave and never return again.

I agree, there have been plenty of casinos that came and go not because they closed it because they wanted to but because they are losing more money in operating costs. The cost of running one is high for sure as you have to pay for servers and people to maintain it. The cost of even creating your own casino is already high too.

having or owning a gambling site and online casino is always makes you to have big profits especially that there are so much people who are really willing to spend so much just to gamble. but you also have to consider your site that it should be catchy to the gamblers. i mean it must be attractive to gamblers and make sure that you have a 24/7 support hotline because gamblers dont want to wait days just for a ceratin problem to be resolve. it discourages them a lot.

I don’t think its too late. If you can put up decent amount of Money development and develop a good design, UI website and get great promotions it is definetly a way of making Money. I believe if you use moneypot the amount you need drops a whole lot as well.

There are also ways and games where people gamble against each other like poker, rock paper scissors, hi/lo and coin flip.

In any case, you could have made a casino for under 1 btc and get bigger back in the day, now if you want to be a great casino you need at least 10 btc marketing to start with, if possible even more.

It is really depends, as OP said, ''so many bitcoin dice gambling sites and new ones starting each day.''
You need to have good Promotion, Design, Support etc. to attract players to play in your new site.

(Let's think about this way,
if your new site is just the same as the site which the player used to be play there,
why he need to change and play in your site?)

So I think to invest in some Dice Sites, maybe also a good idea for OP.

Having an online casino is not much different than having a real life casino. You need to have a well developed security system for both types if you want it to be profitable.

In a real life casino; you place security cameras, guards, big safes, smart croupiers if you don't want to get robbed.
In an online casino; you need to hire a good web developer (or a group of devs) if you don't want to get hacked. (unless you can do the coding)

That should be your biggest concern, security.

And then you need to know how to play the game as a house. You need to set up your max. bet amounts, your house edge etc. In other words, you should give yourself some advantages over players so you can make money. But it shouldn't be too much or else you'll lose players. If you don't give yourself some advantages then you'll be at players mercy and it won't make any sense to be the house.

Indeed, that is where most of the money of casinos go to. Security risks evolve each day and casinos must always keep up. Another thing that is expensive in running it is getting players to play at you casino. What's the point of having the best one if no one will play there, right? Keeping them in the casino is another thing too.

I think you can start make your own and i think it is profitable if you have a good gambling site but if you have no good terms or gambling site and no budget for promoting it useless.. you can gain a good traffic unless if you already trusted member here..

Yes, it is profitable if your site has hundreds / thousands of gamblers each day and keeps on attracting more gamblers and investors to come.


I think 50 BTC would be enough to start your own dice site but if you want to attract more gamblers you should start to attract investors too.

Sure it is profitable to have a bitcoin dice casino. But it depends on how popular your site is. If we failed to promote our site or unable to attrack more people to come and stay for a longer time at our site, then for sure we can't get a good profit and instead we will waste our capital and effort.

And its dice you're talking about here dude. Of all gambling games, dice gives most advantage to the house so if you're going to start to put up one, wisest would be a dice casino.

Casino owners will continue making a killing from all the fees. But getting transaction volume in the exchanges is a very difficult task, the competition is pretty high already, but still plenty of time to attack this niche.

It is less likely to occur since a gambling site project isn't cheap to build. To build a gambling site, huge funds is must that's why it must be launched in planned, and supported by investors to strengthen its foundation. However, if ever a gambling site fail because of the competition, a player/gambler can certainly lose his money that's why don't make a huge funds in a gambling site if it's not popular. 

i agree with you, the advertising is the important key when we want to promote our sites. the advertising itself is not always with big budget to looks good but sometimes, we can only make it with low budget so we can save more money to do other thing like maintain the site. after everything works fine, then we should give the best service for our members because we can be big site and famous site is because from the members so we need to makes them enjoy to stay in our site.

I don't know much about it. But in theory they should be profitable, since they have the edge. Ot at least that should happen in the long term.
I'm not so sure that's the reality for everyone though, because there is so much competition.

I think a gambling site owner must have a very big starting capital, to pay the users that get lucky and win, to manage the site (security etc), to promote the site, with marketing and promotions etc. All those things cost a lot of money, and it's probably hard to get a user stay in their website, so I think that some gambling site might not get profit, if they can't survive that initial phase, where they are trying to gather players.

And they need many players all day long betting on casino. It can look easy to start a casino and generating money for the house, but it's not, because it depends many persons, not only the casino owner. You can have initial money, security measures, beautiful content, design, but without players you won't have success and you can have losses.

Exactly. And popularity is a very prolematic thing. Creating a site will cost one around $1k if one is not a programmer himself. Then the site needs to have some amount of money to be able to pay users. I guess it is also around $1k minimum and in the case there is a max bet amount. And the third thing is promotion. Perhaps a sig campaign for again around $1k will be enough.
But it's all very risky, because huge money is needed and there are already many good and trusted casinos.

And there are a lot of competition out there. Gambling sites who are already trusted and has already a trusted name in it. But it looks like the gambling market is saturated as well, but I think you can still put a gambling website, but you have to invest a lot of money and will took a long time before players are coming in. Marketing and word of mouth is needed so that your website will be known to many gamblers.

Any gaming business is profitable. Dice the same game as others. You never know how much money you need because the important thing is not to run a casino dice, and most importantly it successfully to advertise that you have visitors. It can take a lot more money than opening.

What are you talking about? This has nothing do do with Bitcoin casinos, you're talking about fees...
Casinos do not make any profit of off fees, they make money because the house edge is in their favour, just simple statistics.

I think he is talking about for marketing because he mention niche the last part.. that honestly gambling is gambling and its business.. it is not the same as CPA internet marketing..
I think those business is really profitable if there is no someone can penetrate your site..

Yes it is profitable to start and run a dice site but the important thing for running it successfully is that you have to promote it to everywhere. You can see there are some casino which are advertising from a longest time and their name is still alive on the forum while some dice sites or casino only run their signature campaign for a month and go away and because of that people also forget them.

There are a lot of dice sites nowadays and that is a proof that many gamblers are addicted to gambling especially to dice games maybe because it is really fun and easy to play. And as I said, there are a lot of dice sites, so why will they make more? There is only one answer, because it profitable. I do not know why many gamblers would like risking their money in such high risk gamble, and that is the more reason why investors are so happy with it. About capital, yoh really need a lot, Maybe a 300 bitcoin is good for it. Then if that is not enough, you can make investors invest in your site.

With every day it becomes more and more riskier to launch a new gambling site, you'll need to invest money into development, servers, security, initial bankroll, marketing and there will always just be a chance that you won't succeed for a long time, because players would just stick to their old casinos, and without big betting volume you can't get reliable profit from HE, meaning that you'll have higher chances to suffer loss when players get lucky winstreaks. You should take many things into account before starting work on gambling site to avoid potential failure.

With probablities in your favour anything is profitable in the long run.

So owning a gambling website would be as well, because of the house edge that it carries.

You need a lot of coins for promotion as well as bankroll though. More than 100 BTC at least if you want a successful one.

For any business to success marketing is very important. If you look at bitsler site, it is very new site and within few months it has become so popular for dice game because of its admin super fast support and always run some promotions to attract people to stay on their site. If people can't afford to spend money on marketing then their product will not be successful.

There is still room for new services to have their share of the cake. But you need to remember:

1. If you try to buy existing or cloned script used for some other website you will just waste your money.
2. You will have coding experience of hire a coder who will maintain/debug the site and introduce new features periodically.
3. You will need to put a lot of time/effort/money for promotion - expect loses during first weeks/months.
4. You will have to offer great experience for the players, good promotions, stability and state of art security.

As quoted if you hold good investment amount then you can easily hire a coder and develop the casino website based on your need as well users expectation. When it comes to marketing you need to use different sources available for spreading or else you need to have some uniqueness​in the games which itself needs to grab the user attention.

It is profitable if you got a lot players play on your site, eventhough there are already so many casino, but each of the gambler has their own favourite place, if you know how to attract them then you can earn big profit, and there are new gambling sites keep on coming out, so it's mean that the gambling business is very profitable

Yes , this is a profitable business in the bitcoin business list .
But in reality this business of starting own casino for Gambling is really hardworking business in the starting and also it needed more money to start .
Here I believe that at least you need 5btc in stock for the gamblers and also you need 2-3 BTC for the advertisement of the casino Because without advertisement no more people will know you and your casino and also people needed more trust with your casino , so advertisement is a Important part of the gambling  casino successful run .

Yes , owning or running a bitcoin dice gambling is profitable knowing that bitcoin or altcoin dice is much popular because of its fast win or fast lossing way of playing gambling .but it need much work not only money for it to be successful.
I think about 8-10 btc to start is quite enough for some advertise and back up funds .

Are you sure you need only around 10 BTC to start a gambling site? It is very less for bankroll to maintain unless you're planning to come up with moneypot app so that you no need to worry about bankroll and just need to create a site and market your site. But still, 10 BTC is less for any bitcoin site to maintain and promote.

it is like any other business.
when one is successful, copycats start creating more and more and fail miserably. because as any other business it is not profitable on its own. you have to make it profitable. try to advertise it, get the word out, get people in,... and all other techniques. also the most important one is being unique and in a good way.
right now we keep seeing dice sites pop up with nothing new to offer, so that obviously has failure written all over it.

It's profitable as long as you can manage your gambling site correctly. having a good
community on your site will also help. good features, service, support etc... will help your
site to keep your customer and attract new customers.

How much capital yo will use will depend on how big or how small your gambling site
will be.

Yeah , you are true and no doubt that daily new new announcement for the sites to launch in the bitcoin market but the most of the business sites are for the gambling , so here in the gambling casino sites business there are more competition then what is in the another sites so here I will suggest to not to start your own casino , but if you have lots of money then free to try to start your business .
My advice for you ( if you have small money ) to start any blog for the bitcoin or any bitcoin lottery ticket site that will be like the Gambling site , and in that ymway you can make big earning .

you can start a gambling site with much much less money. even with something like $50=0.041BTC only paying the cost of the domain, hosting and the script that can even be free.
the costs however doesn't end there. you will have to advertise, do some promotional campaigns. and also have some money to pay people who win because you won't make profit the first day or first week. and unless you want to be tagged as a scam gambling site you have to plan ahead.
however, in the beginning people won't be winning much since they won't invest a lot because of trust and also there is always possibility of accepting investors to fill the bankroll.

Right now the competition of gambling sites is very tough and I don't know if you will able to compete against those that has built trust and running for a lot of years. It will be profitable if you will be a popular and you had something new because most of them are just the same. Something like 100+ BTC is enough to build your own. For the transparency of your bankroll, I guess it's a good thing if gamblers will see that you've got enough.

I am not sure with that ,but i think its big enough to run a gambling , i only estimated it and i think you are right because gambling dice is popular and what if theres a lucky one to have a jackpot and you couldn't pay .The reputation of your gambling will be not good .So if he is sure in establishing a gambling dice site he needs to canvas and ask some experts for better and accurate estimations.

Watch out for the competition, now we have edgeless who are very successful and their marketcap is growing, it's the gamblers that will make the dice casinos rich if they continue to gamble because obviously they have the advantage all the time. However, with this edgeless in the market, it will surely affect the business of dice casinos since people will choose to gamble on games that will give them a better chance.

Edgeless is possible but i could say that they arent permanent ans those are just promotions just to get good quantity of players and possible they can get a whale but when the time they saw that theres already lots of players then thats the time they impose edge because i cant really think of on a casino or gambling site that ran for a long time without edge.

5 btc as your site bankroll is too little IMO, you need at least 50-100 BTC for your bankroll. Just imagine if a whale comes to your site, and won with his 5 btc? You site will bankrupt a.k.a closed. Or you can offer investment option for your site,so your bankroll will be greater and max win in a bet also increased.

i think this is quite enough too.. i even think that 10btc  is quite enough just to begin with.. but all i can say that it doesnt stop there. the financial challenge there is the SUSTAINABILITY of the site. lets just say that 10btc has already used and consumed for paying the domain, developers, for the promotions, etc. but the question is, do you still have enough funds to sustain the site in the long run? i guess this is more than to be consider as well.

I agree. 0% house edge and/or big amounts one can claim from the faucet are temporary promotions to make as many people as possible to register on your site. Once you have thousands of registered users you can change those things a bit. Of course it's not recommended to make the house edge greater than 1% or the faucet lesser than 150 satoshis because in that case even registered users will stop using the site let alone that this would be likely to result no new registrations.

I think it is not profitable anymore if you are going to own a gambling site. There are so many of them already and keep on making different type of gimmick just to get volumes of big gamblers. And with the capital, maybe you need to figure it out if you want to build in the middle type of casino, maybe 25BTC up.

Well if you have or build a safe platafform and honest and build trust between your costumers sure it will become a profitable business, outsite exchanges, gambling is the second place where are the most bitcoin investments.

Not only because of the house edge but im still doubt about probably fair dice games, that's why i stop made a deposit at dice site maybe can be said i play dice game only for fun.

having doubt about provably fair system and not understanding it are two different things so make sure you understand how it works, how hashing works and how irreversible and uncheatable it is and then check to see if the site is really implementing such system and then check some hashes against each other.

... and then make a decision.

i know that in gambling since it is based on chance, and we lose a lot and it is hard to accept, that would always be easier to blame the casino than our luck.

Of coarse it is profitable or they wouldn't run them. You don't need much capital if you use investors. But you need a proper game plan. A marketing plan a layout and design for the website then the actual programming and probably fair. It's a lot of work but you can do it.
If you don't use investors you can probably start with half a bitcoin. Just make sure you set a limit. You can increase it when you aquire a higher bankroll.  Good luck.

You've got it right ,i also thinking and having idea of it as it once you launch your site you will gain income and to upgrade your site it doesn't mean you need at first to have a huge bankroll but it is a must for any reasons .
There are many reputable dice game exist and so if you want to build one make it competent so it would be also one of the playground of gamblers.

Yes, It is very profitable but you need a lot of funds because that is very expensive business because you need to secure that no one can hack your site and get all of your money and your gambling site should be unique for gamblers go to your site because that is the most important the gamblers that is going to your site. 

I guess it should be, "gamblers are going to choose the casino's that are going to give them advantage for it's bonuses and other stuffs tat can give their gamblers a very good gambling experience".

Many players are also turned to edgeless gambling site because they have zero house edge, obviously, and this is a very big advantage to all the gamblers out there, for their chance of winning increase. It is also a great way to attract those gamblers which want to earn money badly, I mean those gamblers that's just want to win all the time, but there is no such thing like that in gambling.

Only owners are the real winners in long term so anyone have good business plan to run a dice site than it would be great decision. With some attractive marketing promotions he can get enough players on that unique gambling site but he must come with unique game.

Well it's very hard to find a gambling site that will  be at edgeless position. There's no business that is going to allow it's customers to get their service for free or just give their money for free. I don't consider that type of casino which is edgeless because for making their site stable, where they are going to get their fund instead while operating?

well of course, in terms of ownership in kind of a gambling site it is really profitable always, especially nowadays many of the gambling site online arise here in this industry, meaning it is really profitable, but when it comes how much capital would be needed, sorry I don't have any idea. ???

But everyone couldn't make his own gambling sites, it need skills and big capital. Than promote your site and than start to earn from it. But we can't start to make profit in a day, it needs time. Even we see many and many online gambling sites will come on everyday.

That's right, it's need a lot time to build a popularity, build a traffic and attract people to play, also need a lot capital to build it, like marketing cost, hire cost, promotion cost, ect.
But to build a platform there are some service which provide you to build your own gambling site, using their api and platform like moneypot, betbase, ect.

The reason they are winners longterm is because they have the edge.

I wouldn't be so sure some attractive marketing players will get enough players.

People are creatures of habit and the ones you want to play at your site won't.

Ofcourse bitcoin dice casinos are not cheap and they are expensive to built and run. But once you built the casino, you are lucky as now you will never lose and the casino games are designed in a way to benefit only the owners and not the players.

I agree with you, the house always have the edge so it us definitely profitable to have an only be casino that runs well and it's reputed for its good works.

Yes it really take a lot of money to start a bitcoin dice site because you will need money for to make your site an established site and without that investment the site will die out like  number of casinos whose owners do not have money and are unable to support their service.

Lots of people including me like to play dice on Bitcoin casinos. If you want to make one successful, you need to have a fun and user friendly platform. One of the biggest problems will be drawing in customers or even letting people know about your site. You may need to advertise somewhere like a signature ad campaign.

Indeed the Foundation of a site or where gambling is adequate facilities, where such facilities are needed and preferred by the gamblers. And to be able to realize all of that then the owner of the site or place of gambling will certainly need a big bankroll. Because it costs to do this requires funds that big anyway. But keep in mind, even if your place is very satisfying but if security is very weak then it will become a time bomb which is terrible for the site and your life. Be careful in managing gambling sites, for all it has a very big risk if you can't concentrate well
 

yes that is also right but sometimes if he will not have money for running the casino then it is ok we will take care of that casino and will pay you some extra money.

Having enough bankroll is one of the most important part of having a casino. If you don't have a bankroll big enough to sustain it then you'll likely close down immediately because someone just won a big amount of money from one bet. Anyway, casino owners can always ask for investments.

Casinos are almost always profitable. But depends on whether you can get enough customers and enough bankroll.

Having enough bankroll is compulsory while getting enough customers is not a problem if he have money for advertising his casino. If he will be able to advertise then he will be able to get more customers from everywhere while if he will not have money for advertising then he will close up sooner.

Having enough bankroll is the first step, with enough funds you can make all the development that it is in your mind, because your main intention is to attract people, it is to be noted that all the advertising and promotions should be aggressive due to the big competition in the market.
I have seen more and more casinos operating now because they see a big market for the industry, therefore if you plan to operate, you have to compete.

The big Bankroll is a major part to open new casino site, after launch your website if you are getting profit or loss no matter you should have money to run your site at least 6 months of the period, Then only you can enter this field otherwise remove this concept in your head. Becasue beginning we can not expect anything in any business we have to run certain period then only we will get the actual result.