Bitcoin Forum

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They can win or lose money depending on the players. Running a dice site has several risks (threats) and costs (hosting, domain).  A dice site owner can earn a lot but also lose a lot.  In the 777coin site, a total of 7,291,091.424 mBTC has been bet.  Recents bets are like 122.880 mBTC.

Given the amount of rolls y players every day I also think they win millions.
That's probably why everyone keeps trying to make dice sites, but it's so hard to get a player base.
They sure win millions but they also spent a lot on money on marketing I think.

they make a lot of money by making people addicted to gambling and making them loose more money.

this site is yours ?

we can expect they earn less than 1% of total wagering btc, like 100000btc wagering we expect them earn 1000btc. they are not public company so i don't think the owner will tell us the figure, so we can calculate and estimate from the total wagering and house edge.

Unless Site itself is going show you official statistics you can only guess. It can be pretty accurate if you account every bet.
But it will be tedious process, and unless you are conduction some sort of research are waste of time imo. What do you need that information for anyway?

we can see how many total wagered but profit calculation every casino nobody knows. i mean, only owner/staff who is know how many they got profit in a day. why dude? you interested to build your own casino?

hmm, I think if you are interested to have a gambling site, you also have to prepare the capital was also great. :D

lightlord is the owner of 777coin and the site has been Launched in June 19, 2013 and you can see live statistics bets 777coin at here https://thebitcoinstrip.com/777coin.html

Because im going to open my bitcoin casino site too and still wondering if i should open a simple dice game like above or operate casino slot machines site.
google showing MUCH more searches on bitcoin dice than bitcoin casino so.. i dont know

The main thing to consider when opening a new site is how do you get players to your site vs all the other sites. You don't just open your doors and watch players flood in

it depends , somedays they may lose and other days they may win
in general the site makes 1% of every bet , so that's the main thing not the daily profit or loss also you should deduct some money for marketing and bounties ,, etc
in general dice sites are for sure winners , but their daily win/loss ratio is not fixed

So slots machines sites earn more ?

PD makes way more than rollin. At any rate, on an average 1% of wagered amount is "earned" by rollin

yeah for sure slots machines make more money , cause the house edge is kinda big in slots
dice is one of the smallest house edge games , so playing dice is kinda better for gamblers
and as I said in the long run both dice sites and slots machines will make money , but slots will make much bigger amount

They not only wins, but I think can loose also as its gambling and site itself gambles when we do so. I guess they must be earning around 2 BTC  a day at most, and lucky and bad days cant be estimated.

I think mostly do and some do not. Still you can play using a proxy, BTC gambling never asks a question !

I'm not sure how someone who isn't the owner(s)  of the site be able to tell you how much they earn per day. And even if the owner does divulge the data, who is to say that owners are telling the truth.

What do you think of investing in one of these sites..... U can estimate the profit as well as loses....

well its gotta be pretty lucrative otherwise you wouldnt
see everyone using gambling campaigns as their sig
campaign. They pay a decent amount of coins weekly
to get the advertising out which means they are making
coin.

It is worth investing if you own like %50 of the Bankroll but if you're going to put some only few dollars then it you're going only to make peanuts.

I've noticed that most of the successful signature campaigns are the ones that are related to gambling - not all, but most. Like you said, it's probably because gambling companies are able to get a higher profit-to-cost advertising ratio than normal bitcoin companies. That being said, Rollin.io stopped their signature campaign a while ago because it was becoming unprofitable for them. It might be an indicator that Rollin.io isn't doing as well as other casinos, but that's just speculation.

It's also possible that they were bringing in a lot of traffic from other sites other than bitcointalk, so they didn't need to continue their signature campaign. I personally think rollin makes quite a lot of money as they have a large userbase.

It is also possible that, they might had sufficient people for them to run a business so no need to spend money again on signature campaign. I don't think they were not making profits but they may not be getting new traffic from signature campaign here so they might have stopped. I think most of these gambling sites will surely make profits but the % is depends on how they promote their site.

I didnt know that rollin had investment enable there.
Anyway i think rollin earn alot everyday but i guess there a risk too..
They can lose also since its casino. Depends on house or player luck :D

Usually casinos win in the long term. I've invested before, and the first few days I lost, but as the days went by my profit started to climb back up, so after a while I withdrew. Some casinos do lose, if they don't have a big enough bankroll and multiple people get lucky at the same time and empty the bankroll, but usually they do make profit.

Well yeah, why else would gambling be such a profitable business if there wasn't any way to make money of the people who participated in it  :D

Aside from that though it all depends on how many people are willing to invest into a casino. For example, Fast Dice, would, technically, earn 1 satoshi for every 100 rolls performed on their website. This can vary, however, and changes due to the fact that it isn't always 1-in-a-hundred chances to lose. There is always a variation that changes those odds.

You can also have betters that come in with large amounts, and aim to get a 50% or 100% return on their investment by aiming for 50% odds, or similar, and then those it all when they get the wrong end of the bet. That can increase what a casino earns significantly, and those funds will never really be paid back.

Overall, casinos make, most likely, on average, over $500 a year, however the casino has to remain reputable.

In the long run gambling houses will surely make profits that is for sure. So if we invest in any good and trusted sites than we can make really good profits without managing any gambling sites. But most of the good established sites will not allow for the investments so finding good sites is hard part to invest. It looks like rollin has got good amount for traffic to their site to make a decent profits.

You get it wrong here. They sure make campaign for advertising their site but it doesnt mean that they have already claim all profit and some of the site keep giving cashback or prize every week or month so I dont think they can get their fund back pretty easy. They are making campaign just to attract more people especially big whale so they can get some coin too

I agree on your points but you also should understand no gambling house will give you free money. They will make sure more than 90% of the offers they offer will bring profits to them but not for gamblers. They will put some terms on cashing out on there bonuses give-away. They spend money on signature campaign is true spending for advertisements.

Lol  ;D
i think all gambling site certainly profit 
for rollin.io i don't know in dicesites.com no data profit for rollin.io

Yes no matter how you do to the house you can't never beat them. Casino is a business so they need to get profit too. May be with your luck you can win some coin but when you have big winning in there just get out from that site if you continue it again you will lose it for sure. This is how gambling going. You will have more lose than win ;D

The actual earning for a casino vary a lot actually. Im pretty sure they do not earn "a lot" because of the actually "low" house edge.
Generally the house should win roughly 1% of total wagered over time or get close to it at least but this can change a lot, especially as whales can swing those numbers in matter of moment.

Ha! Please I win more with roulette than this dice game or slot machine.
You can better play another game.
I always lose with dice games.

The stats according to rollin.io the total bets they have wagered is 62533234BTC and it increases every 2 seconds so you can imagine how many people are betting at the same time.Since you've the total wagered amount you can calculate or assume your number considering rollin takes 1% as house edge!

ofc they wont because if you check players there only people playing with pure faucet are in profit everyone who deposits is in negative.
on legends page everyone with profit is only by tipping themselfs from other accs so there is no "real" winner there (but now you will say proofs or some shit but do your own research..)
regards.
-Katerniko1

The unit used on rollin.io is mBTC (FYI: 1 BTC = 1000 mBTC), so their actual total wagered and their expected profit is 1000 times smaller than what you had in mind.

Not only you but most of the players who has played and playing will lose money in dice game. Dice game has designed for bringing profits to casino houses but not for players. So don't waste your money in trying dice games to make profits instead try where no house edge is not involved.

When I opened primedice this morning it was written 600 + bets in last 24 hours. How much people win or lose I don't know but for sure site is in big plus when they have been here for years. Rollin is good site, they have a bit less wagerd then prime dice so they earn less.
There is a topic is it profitable to make dice site for gambling. As I understand in the end is important to have as many people there gambling. Sometimes they will win, mostly they will lose. House always win, how much exactly nobody  knows.

 rollin.io

Global rank      128,175
Rank in Russia  68,732
http://traffic.alexa.com/graph?o=lt&y=q&b=ffffff&n=666666&f=999999&p=4e8cff&r=1y&t=2&z=0&c=1&h=150&w=340&u=rollin.io


Country   Percent of Visitors   Rank in Country
 Russia           16.28                 68,732
 Slovakia           7.2%                    6,332
  Italy           7.2%                     50,124
  Ukraine           7.0%                    22,787
 United States   5.6%                   282,707

Means nothing in terms of revenue

Over a short time frame yeah these sites can lose money, i think primedice said they've had losing months before.  With such a low house edge this is going to happen even more.

It is because you can be lucky for a short time. And it shows that you just don't play enough. In the long run (i.e. playing everyday for a year) your deposit would go negative.
And the problem with gambling leader boards is that they aren't showing complete picture but rather present you these 'luck spikes' people had.

I gambled on primedice a couple of times, I found out that gambling on dice is not my thing. I couldn't figure out a strategy for myself and lost it all.
Primedice is a good site though, I don't have any complaints about them.

Like you said if there is lucky you wont be negative, this apply to bolded part. Although you played it everyday but if you try to set the limit of your play, I think you will have a great profit. At least you will double your deposit for sure.

Pretty interesting when Russia ban for every bitcoin activity, they have thousands addicted gambler visited and played in Rollin.io.
Op statement seems like he has lost some money in Rollin.io   don't you op?
But wait tolikkk where exactly the source of stats above? Is it valid stats?

The site isn't going to make their profit records publicly available to us, why should they?

It's been officially documented that they're provably fair, that's all we need to be concerned about. Of course they will make a great annual profit, all dice sites & casinos do. If they don't then they go bust.

They're not a charity.

Whatever they make will not be disclosed to public. So you will not find answer you are looking for here from other than owner of rollin.io
Also with the provabably fair model, dice sites earn a lot due to addictive nature of gamblers who only count wining not a loss.