Bitcoin Forum

I was always curious about knowing how much gambling sites actually earns and how profitable is it for them considering that some websites such PrimeDice are running for years now and bitcoin price is going up and down since then so how do they manage to keep their reserve filled and make profit in same time ?

Primedice is funded privately, so we know very little about profits they make. Some websites however, are funded by investors publicly and this is an easy way to have a look at how profitable they are. Some sites also publish stats voluntary, like bustabit.

I am also quite curious as to how they managed to keep on rolling even though therr are massive price swings in USD-BTC plus the fact that some high rollers always win in a single day. On sports betting sites most of the time i see some crazy 49 btc slips and yet they still stay afloat.

We are not able to tell you the profit that primedice made (it was funded privately) because we dont have access to such data, however there are many crypto gambling websites where you can check the profits earned by your own, for example cryptogames.com or bustabit.
It is all about who funded the casino: if the money came from private investors, then they probably won't hand us the data.
But if it was funded other way, as an ICO or crowdfunding, then they will surely give up such an informations.

It still depends on the amount of users daily, house edge and obviously variation, if the casino is provable fair.
Some of them are more effective, some are less, and there are even casinos where investors has lost some of their money ( check moneypot ).

I doubt PrimeDice find it hard to keep their bankroll funded.  A few thousand Bitcoin isn't much to these guys, they get thousands every month bet on their casino.  I'm sure they get a huge amount of ROI.

Bankroll investments would give a reasonably good idea of how profitable it is, since casinos often give investors over 50% of the profits just for putting their money into the bankroll.  Crypto-games.net have a tracker on their profits (https://bitcointalk.org/index.php?topic=1796062.0) so you can find out how profitable it is for those investing in the bankroll and therefore how profitable it would be for a casino that funds it themselves (considering that investors get 70% of Crypto-games.net's earnings).

I'm very well curious and interested on how much casino's are earning, daily, weekly and monthly. Though it may be not accurate and the same but when it comes to their profit I've wanted to know how big they are earning especially those that are popular. I guess they are keep on depending with the volume of btc's that are coming in to their site.

very hard to answer this mate for players like us but i think owners or part of their business can give us a little idea on how
they managed to earn even the btc fluctuations is really huge considering the value of btc keeps on doubling from year after
year, lets wait for them to give us idea.

That is a really good question, now that you mention it, there are many gamblers that play in Primedice, I am also one of them too. I think they are earning enough to make their site still going, as you can tell from the new sites that is been making an appearance that they are beiing motivated how the old and proven sites are and they want to make something new. I think if these old sites are still there and still making a gambler gamble, I guess it will stay there and earn from these gamblers. If they are not making enough money I think they will not be able to stabilize their site for a long time.

Primedice is one of the most active gambling sites. They also have their own forum now. They have a lot of players and I guess majority of HR players are playing in their site plus owners are wealthy already before they make that gambling site. Maybe there are days that they are lossing but its only few in compare to winning days thats why if someone win big its just nothing to them i guess.

It depends on the number of players playing on these sites and the amount which they wager if a site will have a high amount of players then they will earn a good income. While if a site do not have much players then they will earn a smaller profit.

If they never convert, but keep all of their money in BTC the price swings don't affect them. This is especially true if we're talking about an old site with established market position like Primedice, that had Bitcoins 3-4 years ago, so even if it were to go down by 50% they still holding a small fortune. They don't need to advertise outside the Bitcoin community, don't pay out winnings in fiat, all they need to have in their casino bank are cryptocurrencies. Probably the only bill they ever pay in fiat is the domain rent, but that can be done out of the owner's pocket without the need to convert any crypto.

I think most of these bit gambling sites should be making a lot of profits but I don't think they will tell to public. These are site confidential things but if one can run a gambling site with good promotions and people play on their site then at the end site is going to make a good profit. As you said for gambling sites traffic is very important and that's some sites always runs some attractive promotions to keep the players busy on their sites.

The gambling sites definitely earn 3-4 times the house edge they have with respect to the wagered amount. I agree with the others, that a good way to estimate would be look at the investment stats on different sites, and then you can average it off that. I assume, sportsbetting sites however earn a little more due to higher house edges.

That would depend on the site or sites in question. While some rely solely on player deposits(and losses) others take a less profitable but much safer approach. They open up the site nut only to players, but investors as well. This way, if the house takes a huge hit, the investors take a huge hit. Meaning that the gambling site will then be collecting a small fee from the players withdraw. How much that fee is varies from site to site. Conversely if the gambling site has a winning night, the investors get to take their winnings to the bank. In which, the gambling site also gets a small piece of the pie in the form of a commission or fee. So you see, this approach is pretty much a win win and very safe for the site. Whereas, the privately funded site faces huge risk in the beginning but, if it can stay afloat for a year or Two, then they will be rolling in that pile of house edge profit. Forever.

they won't tell it on public but im sure that the profit that theyre getting is lot of money. remember that the house never lose. thats the reason why gambling site is the most profitable business nowadays even tho youre not sure if its program randomly ofcourse they would create a game that they wont lose a lot of money no matter what and just like other gameshow they will make once a month to get the highest winning in their gambling site.

Well the first thing that you have to consider is that now matter how the price of bitcoin goes up and down if the gamblers only get their amounts from the circulation itself then that price doesnt matter. Gambling would be very addicting so players dont just come and go they would always come and then have a hard time in going. During the seminar that i have attended if the person shows and interest and not a bounce rate it would leads you to a conversion (profit)

It all depends on the traffic and the houses edge. If a site gets hundreds of thousands of unique visitors a day, and only has a 1% houses edge, they can make millions. At the same time, if a casino only gets a few thousand unique players a day, but has a 5% houses edge, they can also make millions. The house always wins in the end.

True. And I think it's hard to calculate how much casinos are earning, because many of them cheat the gamblers to make them believe the house is earning less than what they are really earning.
Example, the casino can have an acc which earned a big win, but they say it's a gambler's account to make everyone believe gamblers are earning high there... This kind of tricks.

If I think it is not a big matter for the fall and up in the price of the bitcoin Because every gambling sites are accepting bitcoin ad and bet not as in Investment assests , when the gamblers lost or win then they need to pay the BTC not the dollers , so here we should not think about Thier Profit , Because if you are in the bitcoin then you should see only that how much BTC you gained in day buisness not how much price increase and down have you Profit , Because gambling and trading both have different ways to grow and business criteria .
So here we can say that if any gambling site have better traffic then surely he is getting profit by the gamlers  because​ people are lossing more than what they get in Gambling .

Many bitcoin casinos keep information about their profit open. Here's some examples.

Crypto-games: 15,910.87627156 - 15,278.65106029 = 632.22521127 BTC profit in Dice alone, over all time (around 3 years).

YOLOdice: 71.228 BTC profit, since Dec 06 2016.

You can check it by yourself in investor section or general stats of any gambling site.

Yeah they are making profit in reality , just think that they are not making money then think why they are running Thier site of gambling why they are hard-working at every day of the week .
Here not the prime dice but also secondstrade like sites also getting profit to run the gambling sites , you can see that secondstrade is making advertisement by the signature campaign with unlimited numbers of the slots open to join the campaign , this is what , only money .
Here the earning may be go down or up but still we can say they really earning big otherwise they will not run campaign .

Yes of course, for now i actually think the most profitable business related to bitcoin is gambling site if your intentions are not scam anyone. Take the case of yolodice it just came few months ago and their site profit is 70 btc +. And all these old sites are making really good profit as daily more than 1000 btc is surely wagered.

yes i was thinking the same thing, I myself think about directbet, they have tipster competition that is always running two months times, and actually I was also curious by FrueGreads as the founder of the competition, whether he were wearing their own funds to pay the winners? if only directbet himself a present, I salute directbet still exist today, while the giveaway they are always running at least every day in the score prediction.

It's very simple to count it theoretically as you an just view the total wagered on the site and then check the house edge, for PD its 1%and for most sites too its one percent. Then just calculate the profit based on that.

But in real life the situation is very different as you would see gamblers loose like 10-20% based on the wagered amount. I mean if a gambler wagered 1 btc then he would loose like 0.04 - 0.05 .. while edge is just 1%

Running out in the profits of 70btc isnt justifiable or worth for a certain gambling site if i do have the capability to run one then i would rather choose to be legit as far as i can and yet gambling industry is growing because gambling business is very profitable and there are lot of players online which suppose to generate profits on longer runs.Dont have much idea on how to calculate profits of a site but im sure they are on positives.

That's true the real profit lies in this dice gambling sites and the setup too is not so complicated. While making a sports betting site you have to take the odds from some provider and a lot more hassle. While in dice sites its much easier as you have to just one setup this and then relax, though dice sites have been hacked a lot of times too in past.

Though it all matters on the house edge but personally I feel the sites with lower house edge earns much more since they get more players cause of the low edge and it's a fact that gambler looses because of their greed rather than the house edge.

Because if it was just about the house edge, which is just 1-2% then there would be a lot of winners too, while everyone looses in gambling.

Profit of the gambling casino mostly depend on players how many people are involve in gambling there. I think PD is generating very huge amount on daily basis as we can see the statics so many high rollers are playing there. With 1% house edge PD is looking very successful gambling site.

Not only that, bankroll management matters here too just look at what happened with moneypot investors the profits became negative even though they have a 1% house edge.

About sportsbook, they make tons by having juice/edge on the lines. Directbet have big juice on their lines compared to most bitcoin sportsbook that's why they have the money to support this competiton

It depends on the casino and how they were funded, there are some casinos that needs to present this information to their investors and it seems to be public information, but I suppose that no one keeps a casino running for years that is giving losses so we must think they are making money out of those players using their site to gamble.

The figure is very confidential to them if they are not running a casino which offers investment from the public, if they want investment they will have to share their updated profit and loss report so investors will be attracted. I have seen some sites that do offers investment program and most of them give good return to investors, I have tried to invest but I realize small money will not take me to my expected amount.

Investment on sites is an actually safe way to increase your bankroll. Lot of people are making a profit in this investment method. And here investors will get full updates on site profit and loss, and also they provide options to withdraw your money at any point of time. If you have enough money then investing on casino sites if profitable.

the answers will be vary because it depend how famous the gambling sites it self but i think they would not give us valid answers unless the staffs of the gambling sites know how much profit they have and provide the informations to the public however i think as long they not shuttingdown the sites probably those sites still profitable and usually if their gambling sites not profitable any longer they will not continue their project

Yup I also had this question in my mind, the gambling site owners will share a genuine information regarding site profit and loss record with investers or not. I have not had any real experience in this investment process, so I am asking this question. If it is genuine, then we can invest in gambling sites.

It depends on the amount of players a gambling house gets through a day/week/month. The higher the number of players the higher they profit because we all know in the end the gambling house will have a house edge. Most casinos have 0.8-1% house edge that is why they are always profitable and I have not known any casino who has filed for bankruptcy yet.

IMHO, trusted gambling sites are transparent on their profit/loss status especially for who are well known for over a year. This kind of feature made them more approachable and user friendly . That also the main reason why are they stood still even though the competition is tough. I think they maintaining their profit even though the price of bitcoin varies just because they have a bunch high rollers supporter that keeps on playing with same amount no matter what price the bitcoin is.

Those website are funded by those investors who willingly to risk also of their money when the bankroll cameback to them let just say they will get 10% of their investment all gambling websites are earning estimated of 10bitcoin daily this is big for those who running for long year if gambling website is not making profit probably they already dead.

Getting 10 bitcoins per day doesn't mean anything at all, it can be too small if wagered amount is giant or too unrealistic, if wagered amount is moderate/small. Investments are measured by their return in proportion to invested amount. You said 10%, this is actually a very small amount for a yearly profit. Although casino investors don't lose their initial sum, all the risks combined (BTC volatility, gambling risk, security, etc.) push optimal returns higher, to around 50-60% per year. This is why gambling site owners offer generous share of the house profit, like 50-80%.

One of the great things about investing in casinos bankrolls is that the amount you need to invest can be very low, I have seen minimum investing amounts to be as low 0.01BTC which is an amount that I think anyone can afford no matter where you are.

They are earning depending on their popularity, number of players and as well as the invested bankroll to them.


I think the longer the site is running, the higher profit they are getting but still I don't have an idea on how much they are getting.

i think the correct answer is that we can never know for sure.
there are two types of gambling sites:
1. those that don't accept investors. in these the only thing you can find is how much each user has wagered and lost so that you can come up with a sum but that won't be accurate ever since you can't do it for all users and you can never know an account with 10,000BTC wagered is a real account of a real person or a fake one by casino!

2. those that accept investors. these casinos have to release their earning and based on the profit they give you can come up with an estimated number. but again only if you trust the site to be honest and tell you the truth about how much was earned. but in this case the number you come up with is at least the minimum.

Is this reliable information about crypto-games and yolo dice? That's a very high amount for crypto games for the last 3 years and it can possibly grow since it is well known and trusted by most of us. And with yolo dice that's a good amount for a starting dice site, I want to see more information like this for popular ones.

It was really a impressive for Yolodice if that information is correct. Because its signature campaign started in January and almost 4 month since they're able to earn that much profit and will probably profit more if they can stay in 3 years compared to crypto-games.

I guess we should need to interview some of their staffs or owners. I'm also curious on how much directbet.eu is earning and as well those casino's that are reputable and competing in the long run. But because of the bankroll that they collected from investors, their profit will be divided and that will make them earn not that high plus the cost of maintenance and other expenses.

Sites expenses and investors deduction is always been a part on profits that have been made.we dont really need to interview them as long we saw them that they are still operating and does have many players then we can really assume that they do have profits and if you are really curios then its your choice to interview them and i dont think they will easily answer your question its somehow private in my own view.

Yeah this is something a big number. Does these information were revealed by the gambling website authority. Because profiting is always kept hidden from the user base. As above mate mentioned yolodice has experienced a good growth percentage. Same as the profit it too requires high capital investment.

since these two sites are accepting investors i am going to say yes it is reliable information if you can see it on their website too (haven't checked it myself though).
i say it is reliable because if these sites were to report higher income they would have to also pay their investors higher amounts which is not possible. but it is still possible to report lower income and there is no way of proving if it is lower or not apart from trusting the owners to give the right numbers and be honest.

Well it's a very impressive growth and profit for yolodice but still that isn't going to cover their total profit because they need to distribute it for their investors. Although this is still a big profit for them within a short amount of time, after a year I guess that amount will be doubled or will be higher depending on it's advertising and good marketing.

maybe you can, you can contact their staffs or owners by sending PM and then you can asked them to use skype or else because i think if we interview via PM, it will be need a times for them to answer our question. i think no one will know how much gambling sites earnings since they don't want to tells to public how much their profit but maybe they can give approximity of their profit. or maybe what they show to us in their website is the true number of their profit.

We never know about it if im not wrong primedice stand before mtgox so maybe he have much bitcoin and after bitcoin price rise they already taking big profit. for management im sure they have a staff for calculation their profit.

Primedice should have earned more than 10k btc per year, this is calculated by the total wagering and house edge, to get a theoretical profit.

I dont know how much each gambling sites earns annualy.But im pretty sure they are earning big amounts,look on big gambling casino sites now,they offer much promotion and giveaways alot of bitcoins.Imagine how many traffics they get and imagine how much they earn theough it

Same here, but I'm pretty sure that they are earning big more than we could ever think, especially those big gambling sites out there. They are making huge bank rolls because they have many players who are making huge bets---those addicted ones. And in order to earn big and have many players, of course they have to be legit and have enough capital or balance to pay the players at their site in the first place.

Yeah your right we doesn't know how many big casino here earning profit. But i'm pretty sure also that their eraning is much higher that we expect lile bitsler that have maby promotions and bounty hunt everyday i'm fun of them but strickly i'm fan of fortunjack since long time ago

This does not take into account people tilting and losing big bets.

Bad betting behaviour can massively influence the profit for the house.

I think those gambling sites that has a huge amount to run this kind of gambling maybe there are funded of big investors in my own opinion those are rich man or they running they site for there own good only and not asking for help of others. And they can earn maybe 5btc a day because there always a winner every but most of all there are lots of people who lose their coins from gambling.

Your right bitsler earnings big than your expected because of what bayrom/admin did to grow and have many gambler to play their casino. Everyday bounty hunt and many promotions montly, I think bitsler would be most popular and be #1 casino here.

Im pretty courious about that to and i was wondering if they can give huge money surely theyre earning huge profit from their site and only mods of that gambling site can answer the exact figure but i doubt they will tell the stats since im pretty sure that is confidential info that they keep secret to the public.

No doubt, Primedice is popular gambling site. Also i believe the owner of this site are become rich, because i see most of the players playing with it. The reason is that many gambler like dice games. But i am sure now a days, all gambling sites are in a profit, that's why a huge number of gambling sites are here.        

Two factors that affect their profit the highest are: 1) High rollers losing big time 2) House edge. But if the players are a lot and the wager is also lot then the daily profit for the house is very high, you might think if you make a little profit that would affect the house, but it doesn't if you win then there are 10 other people who just lost 10 times what you made profit.   

Its hard to calculate how much profit some casinos make, for them its most important to have a lot of players big and small ones. Depending from the games they have different profit they make. I don't know why did you take primedice for example because as a casino they have just one game, and that is not a casino in my opinion.
They earn a lot without a doubt, and I'm sure that we will never know how much some of them actually earn, they keep those informations for them.

We can't really tell how much in figures but we can only analyze how wealthy they are because of their gambling business. My basis is the volume of gamblers, the more people gamble in a certain site, the more money will come in, dice is a game with a house edge, so it is automatic the house will win in the long run.

I'm earning 0.07 bitcoin 3 times a week I'm always playing gambling but now Im moderately playing because I'm controlling my self and my greediness in gambling because I think if im gonna sum up all the bitcoin i used in gambling i think it would be around 2 Bitcoin . seems huge amount right ? but you can't notice it because I'm playing 0.005 btc a day.

There are few things to be taken into consideration. For Primedice (which you mentioned), I think they were early birds in the field of dice gaming when it is about Bitcoin Hi-Lo game, so they would have managed to get a lot of investors at the start. And about the price, it has nothing to do with these gambling sites when they are dealing in Bitcoins alone as what they are bound to is, allowing deposits and withdrawals in Bitcoins and they are managing it very smoothly. About earnings of any website, there will be very few who would be willing to disclose any of their monetary information.

We're talking about how much profit a gambling site makes and not about how much a gambler can make from gambling.
Next time, read first before posting right away.


Don't forget that they also get the affiliate payments from the house edge.

Have you read the thread? The OP is asking the earnings of gambling sites , not each of us a gambler earns.

Going back to the topic, I think primedice is a example of getting into the business very early. The competition is less during time that they have a head start from the rest of the site that followed. So I'm pretty sure that have already a decent profit and still going strong.

if there are less competition then i think the gambling site can reach much of profit because the gamblers is only know that there is only one or several gambling sites that they can played and they can play in every day. so for primedice, i think they are gets much of profit in that time but i don't know how much they've got now because for now, i think there will be many competition in the gambling site and each site want to gain more profit so they will do everything to reach big profit.

It's not a part of profits, it's one of the expenses and profit is one that you gain. But if you are going to consider those expenses and investors gain they are not going to give the owner a considerable profit. Well if we are seeing a lot of gamblers that are playing everyday to that casino that is enough to say that they are earning good amount.

As far as I know in every gambling owner in online site they always get profit everyday for every players who get in to their sites. ANd of course one of those method why they gain a profit is they get charge for every transaction every time the gamblers are making withdrawal there is a percentage charge. Even bitcoin get high increase it wouldn't affect them at all unless no gambler are not playing the game in the gambling sites.

I'm sure that they are making money since they have a built in profit percentage. The only way they could lose money is if they get hacked or no one comes to their sites.

Doing legit is always good but in terms of gambling it isn't. Because most of the sites make super high profits and if you are legit you will have to give some tax to government. Calculations of profit is for example a user deposited 1 btc he lost 0.6 btc and withdrew rest 0.4btc. That means site got 0.6 btc profit.

Apart from that if they don't have a bigger bankroll than if a couple of big whales come and win more money, then they may need to close the site as well. So for any gambling sites, bankroll is very important as well. But I don't think any bigger gambling sites will disclose their earnings to public. Only sites which are accepting bankroll investment will need to tell public about their earnings.

They would always make money. Built in profit percentage, house edge etc. If a big whale comes along and win big amount, I think they can still get there money back from other gamblers, and everyday a lot of gamblers are going online. So its hard for them to loss as long as new gamblers are creating an account and deposit btc to play.

Even if a casino doesn't keep information about their profit open, you can still try to deduce it by looking at their max win per one bet amount. Usually this value is around 0.5-2% of the bankroll, so if you multiply it by 100 you'll get approximate value of their bankroll. This limit exists to protect the house from variance in case some whale will start making bets that represent significant portion of the bankroll.

Most gambling sites if not all have their stats on the front page. Winnings loses biggest wins in 24hour/week/month/all time . I wouldn't trust any casino I was born was not transparent. Why would they need to hide their stats ? The only reason I can think of is if they liked about the house egde. You can see if the house edge is true it not by looking at the long term stats. Have a look at yolodice. Everything is there and well explained. If you have questions simply ask. :)

Gambling sites earn in lots of BTC. The more people wager on the gambling site, the more the site owner earns. Making a good gambling site is a profitable business these days.

Really, now the growth of gambling site is very good. We can easily access the gambling site. Gambling site managers must have innovations and features that can attract users to play on the site. It is a must in a time that is so tight competition.

The growth of gambling sites that use bitcoin is found good. Now in most of the gambling websites the website manager himself participates into the conversation taking place between players. This makes them understand the real need of the gamblers and act accordingly to make the website more popular.

Dude you messed up. We are talking about the sites earnings and not the individual players earning. You can read the title again if you want, its totally free.

There is not much we can do to know how much a casino earns especially since that will most likely depend entirely on how popular the website is among gamblers and how much money those gambler gamble away on the site.

Well, as far as i know gambling sites have save up BTC to manage to stay that long and also people wager their bitcoins to play in their sites and also they get addicted in gambling games like dice games just like me but some of the gambling sites get bankrupt because of people won't wager anymore because of some gambling sites have less BTC and can scam you but those big gambling websites have the true and fair games.

These gambling sites didnt go bankrupt. It is more like they just vanish into thin air and run away with all the investors money. There also have been some cases whereby the websites got hacked and thus went bankrupt but most of the time, the fake website will announce that they are 'hacked' and then run away with all the money.

Gambling business is a promising business even though there will always a risk to not get a successful result.
But we all can see that there is very rare a case where a casino shutting down because of bankrupt in loss.
Even frequently we can see the gambling sites getting bigger and another newcomer keep popping up.

When the time i gamble my earnings is 0.2 bitcoin that only i earned because everytime i won its been a small profit i get so my earnings are very low. But now i stop gamble because i start become greedy i want to win big so instead i get profit i want to get more and big profit but the worst thing i lost all even a Capital.

it doesn't make sense for them to run away with the money, if they are earning they should keep the support to increase the userbase and make more, if they are not earning it mean that no one is using it and they can't either way run away with the money, it's the same as the exchange, customers support coem before everything

Well, for example, someone setup a gambling site and invite people to come to play or invest. So he put in 100btc as the bankroll for the site and a handful of people decided to invest in it as well. So these people put in another 400 btc to push up the bankroll into the site. At the same time, gamblers also put in 100btc into the site so they can gamble. The owner will then have access to 600btc so if the owner decide to run away, how are we able to even get any form of support. That is also how HYIP works and even rep gambling sites are not 100% safe.

The op was about how much gambling sites earning per month not those players or actually your earnings i guess , anyways that sounds good 0.2 bitcoin what type of gambling you usually play? And how much your initial deposit when you are playing with it and also im really amaze that you can control your emotion when already won.

If anyone created gambling site to cheat people, then no one can stop those kinds of people. Because what you said all correct like this some casino sites will cheat people. But if anyone enters this field to make a name in gambling field and also long term big profit they will not cheat players. For examples old casinos they are running from last few years, but still, they maintain a good reputation.

Due to bitcoins, the Gambling sites business is growing very high.  Many people these days are taking interest in playing gambling as it has become very easy only because of bitcoins. Your identity is also not disclosed due to the use of bitcoins.

Your right it is really interesting to know how much a gambling sites could actually earn on how many billions of people gamble everyday, even if they just bet 1 cents per person it would still be a great bag of money right there. I would think they are actually earning more than I do in my work, it should be profitable thats considering some of the websites are legit and some are still running for years now as you said. It should be same concept as casinos but just online. They make people win smaller parts then after they will make you lose everything you have. It it just in the program for them to take your money for them to be successful so even tho bitcoin prices goes up or down. They could still earn money and also maybe they have investors on their site so which is a good thing for them.  ;)

Those who keep their earnings available for the public are those who accepts investments, it's an important information for everyone especially the investors to check if once they will put their money they can make a good return. I believe most of the sites that are operating now are in profit, so in totality investing in gambling sites are profitable.

Agreed, very few gambling websites have gone bankrupt. This happens due to the lack of funding for proper promotion of the sites as well updating with added features to grab the attention of all age of users. Recently in a article read about one of the oldest gambling website going bankrupt just because of lagging settlement to the users due to technical issues. The development team is the cause, so find the perfect site and invest.

interesting to know more bitcoin casino who make their profit amount closed for public and privately .

according to my source here https://www.forbes.com/sites/jonmatonis/2013/01/22/bitcoin-casinos-release-2012-earnings/#639244be48c2 they have got a lot of profit , no wonder a lot of new bitcoin gambling sites keep coming , it is really tantalizing . at least with that release people know how good this business.

Those sites who serve Thier service for the Gambling are really succesful if Thier gambling game system are honest to the gamblers .
Here I will not take your example of prime dice .
Here I will take consider the secondstrade.com which is in this forum from long ago and is accepting unlimited users for the signature camapagin .
Now here is a thing , why they are running Thier campaign if they have no Profit , Ofcourse they are running Thier signature camapagin in this forum Because they are making money in bulk amount and day by day they want increase Thier Profit for the Gambling .
So here the best thing is to said that we should leave every thinking about the casino earning whether they are making Profit or not because they are running Because they are getting and we are donating our money .

Well I think we don't talking about the experience in play gambling or talking about earning in gambling game
but we are taking about gambling sites earning, the profit from gambling website business
how they manage the money in bitcoin on gambling business, and how much amount of profit from gambling
business.

Mostly majority gambling sites or casinos whether its private or public will definitely be earning profits due to which they are still running. Nobody of them is actually doing any charity that they will keep on running in losses. Either they are being funded or they made profits.

Yes, that is correct. Any business if one want to do then expect a profit from the business whether it is gambling or any other business. But these gambling sites will not disclose all their profit to the public unless they are accepting public investments for bankrolls. In the beginning, these gambling sites need to spend a lot of money for site promotion and to gain a trust. Once they are reputed then surely they will have many regular gamblers, and at the end, these houses are the one going to make a profit.

Cost of running a gambling site is really about advertising. If there are enough people gambling on the site, then there would be bigger money casinos can use which is good. Since the prices of advertising and other operational costs stays the same, then all else is already profits.

Only the beginning on launching a new gambling site would be the hardest part in my own view because you will surely do all the things that should really be needed for the public to gain attraction on potential players on the site.Once you passed this stage then next is having regular players but still depends on how good is the gambling site on giving its services specially on support matter because most people do really always seek for fast support and provably fair system.

I think the real profit of gambling sites can't be calculated, maybe just approximately. Because of the bank is nonstop filling or getting empty. People are playing night and day and this process can't be calculated.

in fact in previous day, it was necessary to visit a casino if you wanted to play gambling, but most of the time it will become difficult to visit a casino, and you will not able to play gambling on that day, but now due to internet and bitcoin you do not need to visit a casino physically you can visit the gambling site any any time using interest and can play according to your own wishes, i think it has now become more safe to play gambling. i really like to play gambling on online as it is more convenient for me to play.

i think primedice have experienced a huge lost when they claimed has been compromised by user hufflepuff who have successfully cashed out 2,000 bitcoin . they keep running even in huge lost , as they know sooner or later as long as they have financial resilience they would get the lost covered and even get the site profit back . so far so good , they are back on top as the best dice site around.

That's a good story, but they could have prevented this if they did not leave that much money in their hotwallets and had some sort of security to prevent such a thing to happen to their site. Well, we all learn from our mistakes and for sure primedice has learned from this and have done every measure to prevent it in the future.

But I remember cashing out of 2k bitcoins was not happening on one single day and even after primedice has noticed about one gambler's continuous successful finish of dicing, they kept paying him as they could not find any malfunctioning within his gambling activities. Only after a long run they realized that user had cracked the way how secret hashing numbers are being generated. But till then he claimed cashing out ~2k bitcoins.

I do see this incident must be a good example for how much a gambling site earning. Primedice were affordable to lose 2k bitcoins, then they must be earning more than that in their 4 years time (till date). If we consider the time frame of hufflepuff incident, they must have managed to be with profits of at least 2k bitcoins in less than 2 years running in a wild guess work.

Gambling site are making a very great fortune if you don't know op. Ninety-nine percent of the gambler loses money and 1% actually makes fortune from gambling therefore gambling sites make Ninety-nine percent of all the money invested in gambling.another reason that you should know that gambling sites are making great profit is for you to look at their life style and the heavy amount they are investing in advertisement and marketing.

Bitcoin gambling websites make a bunch of money. I think that the whole gambling niche makes a bunch of money with Bitcoin because the owners of the regular casino's already know how to get more money for their fiat if they change their money to Bitcoin. If the Casino owners traded their Fiat for Bitcoin a few years ago then they would more than doubled their money and would have the money to promote more Casino's because of their investment.

I could not imagine about 99% gambers loses because there are some site that you can easily win and make a good profit like in sports betting.. unlessif you are gamble in the place where more people are loses like slots game or dice game those games are just for fun in my opinion..
Those owners of those site i am sure they are making a good earnings as owners of their casino site.. because gambling is just for fun they can push to hard the game to lose and defeat gamblers.. this is what i am just thinking because if we are just gamble with computer sample a game not a gambling game but its dice game i can win more there but in gambling casino is not..

They are the ones who earned big money ,gamblers are frequently loss in games and only some of the players who only win .in any percentage of income ,we don't know but it is a sure thing that we can't beat the house or casino they will only continue earning from the people who doesn't know how to make advantage on games.

Depends on the type of gambling and depends on how many player play everyday let say that that website has 25players a dayor maybe more and 2% of it are placing big bets and 85% of that player will lose maybe it will be almost 100btc bitcoin a month

It does really depend and we cant really point out on how much they are profiting on a single day because there are times which there are players managed to win some huge amounts but knowing about gambling sites they would still remain the winner of the end of the day thats why gambling business is really profitable if it would succeed but if not then it would really takes time for it to be notice by everybody depending on the marketing strategy.

Just another add up will be the casino reliability against abuses and amount of rewards for their players. For the first factor, casinos will surely have zero profit if their security is not tight enough to avoid exploits/etc. On the second factor, it will also depends on how they are active on giving promotional rewards. If they are active, it may give more profit since they'll attract more players.

I guess that profit will all vary on how they handle the casino. Something like will they do it as their main business which they'll put a lot of time to develop and to constantly update.

Promotions and other running costs does really eat up most of the casino's earnings. So when they do earn something, the must use that to boost player count and keep them playing then the cost of security is priority number one, because like you said they wont profit if every player is able to cheat.

I also couldn't think about 99% gamblers loss their money in gambling.
I don't think it is true, because in my observation, the number of gamblers is increasing, behind the reason, people have earning from gambling.
Therefore they are playing gambling, and about the gambling sites, i believe they have also good earning, i am surprised in everyday new sites are coming, because all gambling owners have good source of income from it. 

We have two types of gambling one is skill games and another one is casino games. the skill gamblers winning percentage is higher than casino gamblers. And the slot games casino will make a huge profit because they have control of there games. But the sportsbook will depend on the game result. So according to me the slot games casinos will earn huge money to compare sportsbooks. Finally the casinos are always in profit side.

The bigger question that lingers within me right now is how do these sportsbook manage on profiting knowing that most gamblers know who and what to bet on a given event. I understand that luck-based games do get their profits regularly since there are no known strategies to win on dice. Even if high rollers win, there would still be some profits to be claimed as well. But for sports bookies, that is really a tough question unless they post their stats.

For earnings stats for both casinos and sportsbooks, I think they are just the same. We just realized that casino games can give more money to the owner since it's pure based luck and the games here are having fast results.

But if we look at the inside stuff of those sportsbooks, we don't have an access to their databases of bets so we can't say that they are far away from generating money for the owners compare to casinos. There are also lots of losses in sportsbooks especially with those high odds that is worth to bet ranging from @5 above which I think have a maximum average of bet around BTC1 based on my observation. And that is only a single game so how about if we will include on the others. And final point, they will not run continously if they found sportsbooking only giving an earnings that is not that much.