Bitcoin Forum

I wonder if it's profitable to run a dice gambling site (like dicecoin.io) ? I'm seeing that site has 30,000 BTC wagered in 2 years.. Huge amount.

Certainly it's not easy to operate, promote and maintain by one person but I can absolutely code a site. Is it worth to start?

Have a good night :)

Thats not huge amount, I consider it as a small amount because betterbets has around 20,000 btc wagered in 6 months+


Depends on what you will be coding , if it is just another dice site with nothing special than the others then you can expect that no one will play there. Owning a dice site is a huge thing and it is not for everyone to have

Wagered is nothing lmao.
I had 0.003 and went on a site, my wagered is now 29 BTC in two days.
On PrimeDice ive wagered like 50 BTC, and if I'm just one person imagine how much more people would be.
Anyway yeah it is profitable most of the time, I'd start one if I could

I think, when seen from the profit is indeed very lucrative gambling sites.


but, it can be obtained if you know about all the gambling and know how to secure your site from hackers.


because of the possibility, if you start gambling sites and you get a lot of profit there must be any disruption of hacking from hackers.

so I suggest to learn in advance about the gambling sites and once you have enough studying then make gambling sites

for sure it's profitable , but you have to do many things like you have to advertise and make the site unique
the market is now full with dice sites and no one will try new sites unless the new site offers something special

You cant just make a dice site and put it there with no effort at all and hope alot of people will come to your site and play there. It require alot of marketing and effort because primedice is dominating the market for the gambler so it will be very hard competition from there

You're right, but it's not small too in my opinion.

I guess I can't offer anything different than other sites. I'm thinking about hiring a good designer. The site I will be coding will be interactive and "alive" with features like chat and small faucet. Also heavy advertising (like PrimeDice). But I'm just researching this sector.

Thanks for your opinion, valuable for me.

When you look at the top sites with lots of traffic, yup they certainly look great. But also you have to realize that there are hundreds (if not more) sites that have been unsuccessful in getting gamblers or have been shut down because of DDoS, exploits and hacks. It is great that you can code it yourself, but you have to factor in your time cost together with the future cost for hosting, marketing (in the form of giveaway and ads) and hiring support personnel, and also consider the risk of having unsatisfactory marketing results, legal troubles (if you are not living in a bitcoin-friendly location), bugs being exploited, DDoS, hacks, etc.

The question that arises from this post has 2 possible answers.
1) Are you actually so lazy that you can not search for an answer ? There is a search function and this exact question has been asked so many times. You will find all answers in those topics.

2) Who is the user behind making these new accounts to post these questions ? Who wants to increase the post count that bad that they need to make new accounts for these generic questions.

Which one is correct ?

As you said there are a lot of things to take into consideration. But as the site come profitable, they are not big problem (unless there is no bug, hack etc).
Thanks for your opinions. I know It needs a lot of effort and I'll probably find/move another sector related to bitcoin.



I want to answer your questions despite they are absurd and meaningless in this topic of context.
1) Yes, I'm lazy.
2)Me. No body want to increase post count. You may want, I don't know and I don't want to know. Check my register date.

For me yes it is profitable but you need to be active if you run a dicegame to gain a trust from players.
Also you need a lots of capital to invest it to your dicegame...

As I can say opening a gambling site sure profitable especially when you offer something good for them. It will sure attract them to your site but for maintaining the site and making sure them not to go away. You need to figure out itself. This is not something easy that you can do it alone. You will sure need many things before you can start a new gambling site if not you will sure just wasting your money on that site

Yes running a dice is very profitable only if your site become popular. For that you need to invest money on advertisement to make your site more popular and you should gain trust from the players. Also you should have a very huge investment for bank roll. Another important thing is most of the players now need some change so add some new features into your sites to attract more people.

It sure can be but you gotta know how to manage a gambling site in general. Having investors would be a great help as well if you're just starting out.
If you do this then you're always going to have to pay off your investors.

Starting a new Bitcoin dice site today would require you to do massive amounts of promotional campaigns, just to get any kind of userbase.
The competition is pretty huge, like other before me have already mentioned.

I don't think you'd need something unique, just a website that looks trustworthy, games that are provably fair and like I said, pay for a lot of advertising.  

It's not worth if you are only looking to make a quick buck. Competition is hard nowadays and being able to code alone won't help you any more.

You need:
- Excellent coding skills + server admin knowledge - every little bug or mistake has the potential to empty your wallet.
- A designer - if it looks like shit it won't attract anyone (and it's a fact that 99.99% of all good developers are miserable designers)
- A big bankroll - people like big bankrolls, even if they will never even get close to the max profit with their dust bets. I think one of the biggest reasons for coinichiwas unpopularity is the low bankroll.
- Marketing skills - I whish I had some, all of my efforts seem to be useless.
- Quick and reliable support - you will be immediately called a scammer in public if your response to "my 0.001 deposit doesn't show up" ends up in the users spam folder.

Competition is cutthroat, dice sites are a dime  dozen.

Gaining players, and reputation, takes years

Best opportunity to get in this business is through acquisition (e.g. buying a reputable site)

Some sites have a hard time when they change the owner so its not really worth it. For example, bustabit (was moneypot) was almost dead for atleast a month after the purchase even though that it was quite popular when it was ran by the previous owner

Putting together yet another dice site isn't a recipe for success. You will need to spend a lot on hosting, bankroll, marketing, giveaways (faucet), and support, before you see any profit. Gaining a good reputation and building a big user base can take months or even years. Maybe buying an already working site or buying a part of it would be a better option.

I agree with this guy, you should make your own different dice site, so many competitor out there, just build your image and reputation first, i think it needs more budget for advertise, giveaway and other things that attract people to join with your dice
goodluck

Long term it is certainly possible, but luck does play a factor in these kinds of things. Without proper advertising the earnings won't even maintain the hosting costs. With a house edge, that basically would be your profit long term. It's certainly profitable, otherwise people wouldn't be opening new dice sites.

After this u can close this topic, start to work on first, second, third... and in if u come to 7 u will have nice site and i will be one of people playing there for sure.
In this world with good idea u can make a lot of money, just u need to believe in yourself, invest some money and energy.
There is a lot of threads here about gambling sites, many many comments. U need to look and to find what people like and in what people enjoy, that will help u when u start to think about look, and about other things on site.
Good luck with your project.

If I had big budget (500BTC+) I'd start coding right now but as you said there are lot of thing involved and it needs time too.

Thanks for great suggestions and advice.

to me, the security is really the most important. you can be very gd in all the others, but if there is a flaw in the security, all your hard earn $$ can be gone in an instant. it may takes years to get hacked or so but the battle to stnad against hackers is really not easy. really does not want to see another mtgox cases.

Yeah the problem is budget, so many things that must consider, and most important is make it popullar and certainly it needs good strategy and smart concept since there are so much big competitor out there
good luck

Yes it is, if you have the budget to spend on promotion, giveaways and if your planning to have an ingame faucets, players will always come but you need them to keep on coming back if you want to earn, you need to have a fast server that can handle a ddos attack, a strong security for the script kiddies, and a lot of time, and if you play it righ the return is great.

If you're running it yourself then yes, gambling sites have more profit in the long run more than anyhing out there. When it comes to setting up a business of course. You'll need some investors if you can't invest into it yourself.

IMO yes, because when you look at your profit chart when gambling on any site that reflects how much profit the site has been generating. You're basically gambling with a negative 1% house edge, and I would do that any day.

Also an online gambling site is obviously a lot easier to manage than physical casinos.

It depends. If you run a popular casino you can make big profits. You need to do the support, advertising and have loads of bitcoin to start. It's literally running a company.
Commission from referrals is only 0.03% to 0.05%.  (For instance, to refer 1.7134000 BTC gives only 0.00085000 BTC )  Does anyone know a casino that gives at least 1% referral commission?

The gambling side is profitable in the long run when you have players. Most of the costs go towards marketing and promotions. Very profitable if you do it right.

i believe it might be profitable and you can make a lot of money with it if you can make it very interesting and attract a lot of players that would loose money to your casino because of the house edge it would have

If you have an original idea it would most certainly be worth it financially to start a gambling site.

The reason why im saying "would" instead of "will" is because you could get in huge legal trouble. There is basically no way to run a legal gambling site that operates world-wide without paying 100k$+ per year(for licensing, lawers etc.).
That said, all bitcoin casinos have chosen to launch there sites with no or little legal protection and staying anonomys. If any of the bigger gambling sites identity would be revealed, they could be facing charges.

This year the owner of the biggest bitcoin poker site faced what could have been up to 10 years in prison, ended up only being sentenced to 2 years probation and a 25,000$ fine.
Reference: http://www.coindesk.com/bitcoin-poker-site-operator-to-pay-25000-fine/

It's profitable if players trust your gambling site, otherwise they won't deposit, or just play with the faucet.

Im an owner and its not easy at all for us. Theres so many sites out there to compete with. Youre not just gonna launch and watch players come running. You need a new look(which i have) and that still doesnt get them running to your site.

Yes and no.

If they were not at all, then there would not be so many dices around, so they must be.

But they require many BTC to bankroll and to maintenance and there are just too many sites around, and build trust is hard, and you may always be hacked or something. Your site may fail too and you may have lose a good amount of BTC.

And there is the law, of course. Even if your site is not illegal, it may be in the future, maybe before you can ROI, and you'll have a hard decision to take

It's obviously profitable for those that have been succesfuly running one for a long period of time. For example, im sure that the guys at SatoshiDice or PrimeDice which are stablished names within the gambling game are by now pretty well off and the business sustains itself, I think it will only get better as more and more people adopt BTC and discover BTC gambling with it.

running a gamble site cant be done by one person and you need to updates and updates

but i think you will get profit if you are running gambling site, but for information you need huge of money to start a gambling site

i am not suggesting open a gambling site by yourself

If your question is only if its profitable, i can answer that YES!!!
but you can be sure that you will profit big amount. as theres a lot
of dice sites already running. unless your dice site will be very unique,
that other will be attracted to it and if you manage to promote it successfully.
naturally the first days of the site will be so hard.and you really need people to help you out.
and also they are right the wagering amount doesnt matter at all.
For me. it is better that you make a game-base,like clash of clans btc involve and gambling
and looting in war. in that case.. much more people will be interested. hehe... goodluck.

I think in 2015-2016 its very difficult making money wit ha dice gambling site for many reasons.

One of the reasons is that there are probably 50 active dice sites out there. Unless you offer 0 house edge or some incentive, nobody will want to bet on your site.

Also you need a big bank roll in case a whale comes and starts betting 50 BTC rolls and ends up cleaning out your hot wallet.

New and innovative things always get rewarded. If we design a stand out site with unique features and attractive designs then we can expect profits from a gambling site now days.
But the important thing is advertising the site. Must need more funds for advertising gambling sites.

Definitely. Just take a look at Stunna and Dooglus. They are both extremely rich :P

there is soo much dice sites because all of them are not earning money :)
regards.
-Katerniko1

Most dice sites are on MP bankroll so a whale cannot come in n start dropping 50btc bets since the max bet there is 7.11btc

I think it depends how to manage gambling sites.
so, when managing very well, he will get a very big advantage

Yeah may be one of them is about managing it well. But most gambling games will not last long because their site is less attractive and they dont give such giveaways or making some promotions, thats why there are only some people know. The most important thing is to attract big whale, if you can attract them I am sure your site will hold long enough. You can saw betterbets that have almost 30k wagered in just 6 months

Ya new dice site need face alot of old site.
But i think new dice site need make something different, alot alot of promotion and show their potential to player, that they can afford to pay big amount to users.

making the same thing again and again is quite not profitable ,i mean come up with some new idea or yours and it will get you you the desirable results if it's really interesting .
correct , that is something very important.

If you can make something different, unique, special, other than all the dices out there, go for it
If now, why bothers?

If you rig it and advertise on it, it will be very profitable for you. If you are good with coding and stuff, you can learn a lot while earning a lot of money. But you need to advertise your site so people will go onto it in the first place.

isn't there an existing script for gambling site like dice or poker?
I bet anyone can create a gambling site with just domain and a hosting plan if there is a script for these gambling site.  ITs jsut a matter of how you can promote it yourself.

Yes, that is very true. Any one can come up with dice site but marketing your site is very important to attract many players to your site. So dice business is more profitable, if you come up with some new features and you also should provide good customer support than surely one can make money from dice site.

I think good marketing promotion is the key of the success for any dice site we have so many successful examples around us like Primedice one of oldest dice site still earning very huge amount.

primedice is the biggest and oldest dice site, they have a good marketing and strategy like giveaway, they always held big and cool giveaway, that's make them have a lot of fans out there, it's good to see gambling site just focus on dice, and certainly they're big competitor

Seems like alot of you are only worried about if a site gives away money to users. Thats not really the best marketing strategy it just means half of you will visit to collect the freebies and then less than half of those members will actually play.

Actually, heavy marketing is the key of the success for everything. Anyway, thanks everybody for opinions. Looks like you have to have:

1- Big budget
2- Big budget
3- Patient

to compete with current big and consistent competitors in this field. Which is I don't have, at least for now.

But giveaways and freebies are making users staying within your site and keeping them gambling even they run out of funds. Also, this way you can make new users get attracted to your sites by promoting happy hours/double giveaway hours.
I believe giveaways/faucets are must for a gambling site and must be covered under advertising expenses.

Yes, it is profitable if the volume of players in your dice site is huge.
It is very easy to code the site yourself, but you need to enhance the security of your site as well. Do not just make a piece of code for the system, security is more important when it comes to gambling website.

It is worth it if you have the funds to do so. :)

Yes the freebies can not be ignored by gambling houses. Freebies play many role in gambling house's success by enabling users to gamble freely ans inducing gamblers to invest.
I too believe advertising a gambling site must be a biggest challenge for it's owners than setting it up.

Freebies only will attract small user to play that roll satoshis and keep on using your facet / freebies to gamble. You will not be able to attract huge whale by giving freebies , if you want to attract them then you need quality on your site

There is dozens bitcoin dice website appeared,
i don't think it will be great idea to get profit by run the similar site game.

primedice and justdice have been around for a long time though, their sites have a long standing reputation to go off of, and the daily traffic to their sites is probably unmatched. these days, i think the market for gambling sites is more or less saturated, and it might not be profitable for upcomers to try to get a slice.

There are still gambling sites under construction so I guess there will be lots of companies trying to take a bite of that pie.  And I think this is because it is still profitable. Newer ones like Fastdice.com is very much combatant with thier marketing that they change their signatures every week.

if any new comer wanting to get into the market then they will need to beat atleast few of the top dice site around here http://dicesites.com/. In dicesites.com show that PD is at the top spot for almost all week for the year

Yap, that would be the most important thing for new dice site. It is hard to attract real dice players, because most of them has their own favorite dice site. Even though there are tons of new feature on the new dice site, but most dice players tend to stay on their favorite one.

Nope I dont think they will need to beat them. They just need to make their site the most attractive site ever and do something like rakeback or good bonus. Soon or later they will automatically be in dicesites. This is just matter of time, but from what I saw the most progressful site is betterbets. I dont think that there is a new site that can beat them for the most attractive site  ;D

I highly doubt that. Most of the bitcoin gamblers are very cautious to fairness, especially when they are playing on a new site. They will check their bets carefully, and will not play on non-provably-fair site no matter how many advertisements you show them..

Apart from the initial court fees, unless you try and use a dot onion domain. It would be profitable to run a dice game site! Although, not as profitable as a virtual or physical casino!

Well you can try to do it, do some demo's first. Try to tell some people to try your website.
When people say that is good website than just try it for real.

There's always space for innovation. Even the biggest dice websites have different features from each other, or bring new features and corrections that previously weren't looked into. If someone's is a talented website designer and programmer they'd have potential to create something new and win a portion of the market.

It most certainly has to be profitable or there wouldn't be so many dice sites.  Also, dice has to have the lowest overhead because you can create the software or buy it (one time fee) and then you simply handle customer service and marketing.  Marketing I would imagine would be your most costly expense. 

It is profitable offcourse else you wouldn't have seen so many bitcoin gambling sites.
The key to succes would be a good promotion.

Social Media and or signature campaigns are quite cheap compared to banner ads or advertorials.

Well, it really depends on your traffic. You need lots of traffic to make a decent amount, or otherwise you'd get maybe a few hundred satoshis a day. And keep in mind, someone could bet one satoshi and win a million of em.

It's better to have a big amount of traffic, so your house edge is strengthened. With only one person, it's quite rosky for both sides, the house and the Gambler. We don't want that, do we?

The problem with traffic is it must be quality traffic. So converting these vistors to paying gamblers.
This kind of audience is quite narrow so reaching them will be hard and expensive...

The dice site market seems to be over saturated so unless you bring something new to the site, it would be very hard for you to get new players and even harder to turn those already invested in various other dice sites.

Yes they are extremely rich because they got in early, years ago. Starting right now with all this competition will be very tough to succeed.

As long as you have a house edge, it should be a positive expected value for you, and so in the long run, you will profit.
It's just like investing into moneypot, or any other dice bankroll, in the short term, you might lose some money, but in the end, you will earn it back and more, because you have +ev  ;)

However, there are some things to consider about when making a dice site: marketing, domain and web hosting fees, payment to staff etc.
Moreover, the dice industry is fairly saturated, so you'll only get the big bux if you have a unique idea to separate yourself from the others

There is many dice gambling sites coming in but there is some dice gambling sites stopped operation too. So there is still a chance for us to build a new dice site and get some profit as long as dare to compete.

It's worth to start one if you got the funds to start out with. You gotta invest into a gambling site first before you can start making profits.
If you don't have the funds to do so, I'm sure there are investors out there who would want to invest into something like this, since they will make profits in the long run.

Yeah that is so nice if you own your own casino or dice website. With that you can make a lot of profit.
First I just need a lot of bitcoin to build it. For now I don't have that much experiences about casino or gambling.
I think I will just do another website that pay bitcoin, but not gambling.

then i think you have to create a faucet where you will get bitcoins, but not high, creating a gambling site is also profitable if you create some new thing in that , like what all have suggested, i have one idea why dont you create a betting exchange site like betfair.com, because their is no bitcoin betting exchange site, you have to do some hardwork but you will earn superb in that site.

It is profitable but the market is still small and overtaken by a number of well known sites. It will be very hard to make a name for yourself.

Looks like you have misunderstood my point. To be clear, my previous post (the one you quoted) was completely referring to Rizky's idea that "it will be very profitable if you rig it" only.

Yes, with small budget dice sites can't survive for long time and it also needs lot of advertising to attract new users to site. Since there are quite a few for long time so if one need to pull them to new site means they really should come up with a some new ideas and promotions.

yah, and usually this means that they have to fork out even more $$ to attract ppl, like give aways bonus, signatture campagin, despoit bonus etc. also they need to have a large pool for players to gamble etc. if there is nothing unqiue to keep the customer, den the website will die very fast.

Remember the amount waged is multiple times the actual btc value since you can wage 1btc 100x or more sometimes 1000x but yes very profitable.

But you have to consider what the payout of the winnings will be. Of that 30,000BTC I would imagine 3/4 of that are paid back to the players. I don't know how dice sites work but it is your typical gambling ideology of how most of them operate. Is the probability for these sites better than roulette? I wouldn't know that either but if it is, then that payout seems about right.

It could be profitable, but you would need to spend a lot of time on it and a decent bankroll to start. Usually whales are what make gambling sites the most money, and if your bankroll is only eg 10BTC, your max profit would be pretty low and you would only attract smaller people. You also might get people getting lucky and having your site go bankrupt, or you could get hacked resulting in a huge bitcoin loss. If you have good coding skills/people to work for you at coding, and a decent bankroll, yeah you could make some profit.

of course is profitable if you open dice site but will not easy to get many player now because all member in this forum have a favorite site for they playing dice game.

The more players come and play at your gambling site the more money you can collect from it(house edge). The hardest part from this bussiness is to collect more people to come and play at your site. That's why a lot of gambling sites no matter new one or already run for a long period time site still advertise his/her site by giving bonus, faucet, contest etc to attract more people to come to their sites. So, running your own gambling is profitable with some conditions.

yes, I agree with you. you can make a profit with the site of the dice, but you have to prepare a good strategy to invite people to play at the site of the dice that you make. maybe you should create a promo that gets people interested in coming or something

Yes you are right. Because there are many dice sites for bitcoin, and if you want run a dice gambling sites you need have your own 'unique' and make a live chat and good promotion.

the market is not yet full but it is still hard to get in and become popular.
for example if a website exactly like PrimeDice starts today and even be honest and safe, nobody will ever go there to bet.
so in order to be profitable these days you should be different in a good way. like offering a competitive house edge, have promotional giveaways, have jackpots, lotteries and prizes for random people, have new games, also i think adding different altcoins to the mix is a good way of being successful.

depends on how site will look like, if it will have nice design, free satoshis to gamble, friendly community, then people will gamble in your site, but if it will be ugly, same as other sites then i don't think that someone will play and you won't get profit

you'll be lucky to make a dice gambling sites. if you have a big bankroll and capital. I'm sure there are times when a player will win. for that you must have a large amount of capital, so that it can recover your loss

Having really a big capital on creating a dice site is a must and you must also how know how to run a website so you can be sure that your site is really secured or else all the money that put in your investment will be gone.

Or you use a platform like MoneyPot, where you just piggyback the investor bankroll and can prototype/launch sites quickly without all the security risks of maintaining wallets and the like. As of right now, you'd instantly have the backing of a 220 BTC bankroll, for example.

true. the hard part is making a name became famous from the site. because players prefer to survive. more if other sites do not have a nice feature. so make dice sites are different from the others. create a good promotion.
I think that simple sites are still the main choice. like primedice

it is not just about running a dice site, there is a lot of other stuff that has to be done on the side to make the business profitable.

for example you have to protect the site against exploits, hacks, and other kinds of attack.
also you have to know some SEO, and have the ability to advertise it properly, like advertising it in the right places, having giveaways,etc

of course it is hard work, but to get profit you need lots of unlucky gamblers, and to get them you need to have something unique in your site

maybe interesting design, or something else that will attract them, then it will be profitable for you

yes it is profitable but for only some of dice gambling sites such rollin.io, primedice or etc because those sites is so popular with millions total wager but some of them also not lucky as those sites and ended became a death gambling sites

Yes, with some other lucky gamblers he will lose some money but I think it will not depend on the luck of the gamblers, but infact it depend on the choice of machine/software. So it will not only benefit the users but the owner of the website will also be benefitted.
But I suggest that he start some other website as now a days he can earn a big amount with any website with some attraction to the visitors.

With moneypot, you have no risk

in most of time is profitable as we all know the house always win so you will get so my profit but sometime a lucky man come and you will lose some.
is a type of gambling but is easyer you don't need to do anythink just put your money and stay. watch your profit go up and down.
i that is why they open investemeent so they device the loss between the invester and the house for having a gambling site life longer.

There is always a risk. Moneypot is not full proof and indestructible bitcoin bank. Although risk is significantly less it is still there.
Recently  MoneyPot was sold to a new crew and has a new owner and similar thing can happen in the future. We have no 100% guarantee.

Ah I mean with money pot he do not have to spend any money for bankroll, maybe he will profit less than own the bankroll but it is safer

I have to say that this statement is 100% correct. While there are MANY things done to help concrete things, nothing is foolproof. Even in the real world, your bank, FDIC, and government could crumble. It's all a risk vs. reward.

That said, running an app on the MP platform reduces dev. costs and keeps you from sustaining any losses from bets. Whether a player wins or loses, you earn money. It's as risk-free as you're going to get.

It could be pretty profitable in my eyes but the fact is also that it has to be arranged good and you also need a good functional website for this.
Another thing what is of course important is the marketing, it will most likely also be expensive because of that, a tip can be let people invest in your gambling website to secure it will be more successful and profitable.

as far as I see very profitable, because I always look at the statistics homeowners dice sites is growing every day

Well you still do, if they run with all the funs your kinda screwed.
Or if they get hacked or they are down for any long period of time.
Those are the downsides to mp.
Its easier to make your own hotwallet/coldwallet system an you be liable its not hard to keep things secure.

Sure every casino built / created to earn profit from many loser who gamble their money.

I see very few casino closed or go bankrupt, in other hand casino always get success get profit. So I think running a dice site won't make you in loss,  it will make you earn profit as long as you had a huge bankroll.

i agree, it is not that hard to do things on your own. and even if you lack the programming knowledge you can hire freelancers to code things for you.
having your own system, and handling the finances on your own means being more secure and as long as the website is honest with a good record and provably fair also has a competitive theme then it can still be profitable.

I don't think them getting hacked is too much of a problem because most of the large bankroll is kept on cold storage like on most websites.

profitable or not depending how much and how often you playing dice,some dice site have big wagered,like primedice and fastdice,they popular and give many profit for people,and now i have new favorite dice game,its on yobit ;D

I dont really think that particular site will have profitable because what I know every gambling site is the same, if you have enough luck you will earn that for sure but that is only if you have luck. But if you have no luck or run out of luck no matter what you do you will end up losing your balance so it is not because of particular site that we played at

The more players come and play at your gambling site the more money you can collect from it(house edge). The hardest part from this bussiness is to collect more people to come and play at your site. That's why a lot of gambling sites no matter new one or already run for a long period time site still advertise his/her site by giving bonus, faucet, contest etc to attract more people to come to their sites. So, running your own gambling is profitable with some conditions.

Don't believe everything you see in statistics, their profitability depends on the amount of gamblers they get and how much those gamblers play and that is the most difficult part, even older/trusted sites like Primedice has to do promotions from time to time to attract them, then there is the trust part, the trusted the site is the more whales it is going to get, which is not the case with the newer ones. Other than that there are problems like getting hacked, bugs and you have to maintain a huge bankroll for if someone gets really lucky you'd have to pay them.

So let's just say no, it is not easy to run dice or any other gambling site, at-least not at start, for first few months you'll have to run a lot of promotions/advertisements just to make people aware that you have a site and its expensive.

I think its depends in your design and reputation of the game that your dice gambling site will be profitable or not.. honestly most dice that i want is simple and very responsive and i like more feature like prime dice i like primedice than satoshidice..  also it depends o promotion.. if there free satoshi maybe they can get more players to play and your dice gambling site will be profitable..

If you are trying to attract players by giving away free money then it is a very bad move from you. Real gamblers are not attracted to few satoshi free money, only free loaders wants it therefore you will not attract players to your site but rather freeloaders which could turn your site into full of beggars

If you have a nice bankroll and appropriate knowledge needed to run gambling site, then yes. Basically a small mistake of yours can make you bear big losses like hufflepuff done with PD, anyways always a good choice to earn.

True.. You gotto run tests before launching it. Get some experts and take reviews. And there are two things. You can invest whole thing or get some investors and pay them part of house edge.

everything that have chance to win and loss,its also have chance to get profit,gambling include on it,dice is the most simple gambling in my opinion,and people will get more chance to win,make dice site also profitable if you have good investor who can give you unlimited funds.

It is profitable, but you'll have to do a lot of work to promote it. There are a lot of well known sites already out there

Yes it is profitable to run that sites, there you can earn from the members who invest as well as you can earn from that site or any site by placing ads from google adsense or any other ad network website ad. The other way to earn from there is; sell ad space to others on there. etc.

Though I like moneypot, but that also gives you limited access, like you are limited to certain tools and you can not add features and such from your side. I think its better to make a independent gambling site rather than depending on else sites.

I guess so there are many gamers of dice. For me its the most popular bitcoin game for now compared to games in casino sites.

Dice sites is so 2013 lol. Id say pick something with a unique niche.
The odds your going to compete with prime dice an the others.
Your going to need min of 15k to start if you want to start with strong promo's.

Also you'll need good coders unlike all these other sites, who have incompetent coders an never update.
Last thing you want to be is the next prime dice an get rekt.

yeah, i like moneypot too, it brings a lot of good features to the bitcoin gambling scene.

but i think it is always a better choice to handle everything on your own inside your own website, that way you can do whatever you like with no limits and also i think the site would look more professional that way.

You are absolutely correct, but to make an independent gambling site needs a huge fund which not all people can afford. So for those who have limited funds to start a gambling site, moneypot is the best optiom IMO.

these days the bitcoin gambling is filled with dice games, it is so easy to make one and with sites like moneypot it is even easier to manage funds and bets.

i think it is the year of sports betting and also E-sports betting. especially as we get closer to summer and the big E-sports events start to kick off that is the the golden time for E-sports betting.

It is a good suggestion, if he do not know about it that how much is it profitable and how will it affect his economy, and he is totally new to it, he should have to be part of some expert group or person, so that he do not lose easily.

Yeah your right and i think there's a strategy to gradually don't loose all your investment to your gambling site.. as i can see its hard to start a gambling business that you need a lots of capital to start a business like that.. its nature of business that you will lose sometimes but you need to stay strong to stay popular of your business.. dice game is very fast profit and very fast lose if you have lots of capital maybe you can fight until you reach the top..

You can easily make profit I think, because couldn't you make money from the house edge, but it might end up being a hard time maintaining it.

Well bitvest has been growing just fine 32 btc profit since February for the investors.
Its done the smart way as the gi go's down so do the limits of betting plus you share the risk of loses with others so it don't just widely effect you.
Its impossible to lose 100% of everything you invest rule number one of investing in a gambling site someone might win big but for that win someone is always going to degen to bring profits back up.

Bitvest has a 1.7% house edge and most of the people invested are all doing 500% margin investments.

Maintaining and securing will give you a headache. Remember that a lot of bitcoin sites are being attacked because it is easy money.
Setting up a safe environment will take a lot of time. Maintaining it, will cost you even more time.

Running a dice site needs a lot of work, you to provide a better services for you to stay in the business. I believe it is profitable since you control the rules of the game and as we know the house always has the advantage. All you need to do is just to maintain a good service to attract more bettors willing to burn their hard earn money in your site.

although many gamers very like to playing dice but most of them only played at popular dice sites such primedice, rollin.io, or just-dice.com and for the brand new dice sites i think very difficult to contend with those sites so in my opinion only the popular dice sites can survive and profitable because they are have lots of active players

Yes now running this type of site is bit risky you have to do hard work here there are many dice game sites are there very famous sites they only struggling in some times suddenly the site will get slow and it will not work so they have lot of backend support then also they are getting this type of issues daily. So if you have support and you will maintain site without any issues means it is ok.

as far as I see homeowners dice always profit. This means that if you create a site dice and running a long time, chances are you could make thousands bitcoin.

A properly build up gambling site is profitable in the long run.
But coding is just a small part to get it profitable and widely used.

Gambling site with bitcoin is profitable and dice is most popular format of gambling with bitcoin, if somebody have enough funds to make unique dice site and to promote it on various platform than it can make it profitable business.

Of course its profitable,chance of loss and win in dice are very simple and close,its why i'm playing in a second,and loss many bitcoins,its profit for dice site,and they also get from investor,i'm sure dice site have good and static investor.

Every business when done right if profitable. Being owner of Bitcoin Casino is no different that owing a grocery store or a bar.
If you can manage your business well it will bloom, if you mass it up your chance is gone and you will go bankrupt. That is law of the market.

I think so run a dice gambling site can be profitable but it must be come from scratch with some interesting promo and contests to make it attractive for high rollers, copy past dice sites has no future like many are coming on moneypot with untitled dice script.

Yeah that is right, every business demand how it have attraction for its users, something innovation will make it successful because bitcoin has bright future.

but the site owner do not face that much chances of lose, they earn a good money from their site with different ways, the only thing which will cost the owners is spending money on advertisement, all the businesses success are dependent on advertisement, the more advertisements a site has the more will be it popular.

If the odds are in favor of the house, then a gambling site would definitely be profitable in the long run.  I think one of the main things to consider though is if you can get a customer base or not.  Without people playing your game, you obviously won't be making a profit.  It would have to be well designed and attractive, to lure customers in.  Having a free faucet would really help lure people into playing.

Yes, site must be very customer friendly, support must be outstanding and never delayed payments, deposits and withdrawals. In a business that we are all anonymous we have to maintain a good customer service to boost you trust and to attract more gamblers to visit you site.

it is never late to run a profitable dice gambling site but the difference now with 2-3 years ago is than now the market is filled with different dice sites. so in order to stand out you have to really stand out!

i mean there should really be some difference, and surely there needs to be a lot of advertising and promotion of the site if you want to attract customers.

Yes if you plan to run a dice gambling site means it's really profitable site. But if have capacity to maintain thi site means you can easily run this site. In all gambling site the house only making profit so you will never get loss here.

That can be only profitable if you are gambling on the right moment and right time and you have to be lucky also and that happens not that often so that is quite rare and bad.
But maybe you dont have to win but dont lose also not that much money with gambling otherwise you become poor.

Yes it can be profitable on the long term.Actually all gambling sites are good and always make money to owners. The basic and important to reach to make it profitable is good marketing and promotions.If you succeed to get attention of players then it will turn into profitable.

Just make sure you rig the dice, of course.

As long as you're running it with honest , you will got profit and more profit everyday  !


I think it's quite difficult for now to gather attention of new gambler since they are so many gambling site company can't compete with old & trusted dice site.

Although it would be hard to invent something new in this field I think it is possible and those who can do it will profit. But of course you can lose some money if you'll make a dice site which just a few will use. You should attract gamblers to your site, making a lower house edge for example.

It is not easy like just operating a grocery store or something. To operate online casino lots of things have to take care off mostly protection of your fund from hackers which is quite common tgis days specially with crypto related casinos where it is easy to get funds in online wallet wothout getting tracked down.

Maybe for the first week or first month, you will not get profit because you need to do some promotion. But i think dice sites still profitable for long-term.

The marketing and the promotion is the key. People will move and try your site if :
- Your dice is diffrent and unique than competitor.
- Giveawa, promo, event, games and round.
- etc

It's hard to compete with pd, rllin, fastdc and the others

I think its profitable but you need to gain a lot of users and you have also to be trust worthy if you have only one bad review, it will break your gambling website for sure.
Always keep the people happy and you also would need a good marketing.

The only reason why it's hard to compete with them is due to trust they represent, especially older ones like pd and such.
But if you look at their structure and what they offer, they are not so special in any way, atleast not to me. With enough budget money , anyone can
open up and run a gambling site, but it takes quite some time and money to build a reputable site.

I would not try it myself to run a gambling site. Simple because it seems to risky. I do think it can be very profitable if you have a good marketing campaign.

No it is not risky, nowadays you can earn a good profit from any website which you want to create and which have an attractive category, but one thing is compulsory and that is advertising, for its success you will have to spend a good amount on its advertising.

Marketing is mandatory for everything you will promote. Be it a shoe or a gambling site. I think signature campaign are very hand, but you need more things too.
PS A good coder will make easily make a secure site.

It is certainly profitable to run a dice site. Much better if you can incorporate it with Moneypot platform. But all you need to care about is the huge bankroll that is needed to start the project otherwise it may go bankrupt a sudden morning.

You are exactly right about this because the marketing is the most important thing you need if you have a gambling website.
Building up trust and reviews is also important if you do not have this its game over for your gambling website most likely.

yeah  basically bigger bankroll bigger chance to avoid bankruptcy :D , i agree the most important thing to start run dice gambling site are the big bankroll that could cover big winning for many times.
3,000 btc to start maybe more than enough as bankroll tu build a solid dice site?

3,000 BTC is quite a good amount to start. You don't wanna run out of pot money because that might leave a negative impact in you site. The effort you spent might be gone at an instant if you made a mistake on analyzing your strategies. You can to carefully study the other sites, list down all their strength and weaknesses so would know what to improve to attract more bettors.

good bankroll is very important. however, it is also very important to have a good marketing strategy to attract customers to come and play. i have seen a lot of the app/gambling site dont even have a single bet in a day and soon it is closed down.

Yes if someone has enough funds to make a unique dice site and have a good amount for its promotion then they can earn a big amount only, otherwise if not having money for promotion, the site will remain dead and will not earn anything.

It should be unique to gain the attention of others, running a gambling site is already profitable in nature but you only have to be cautious on the marketing side. All the essentials must be considered prior to running a gambling site. Careful study must be done to compete with other operating site and to last in the business.

Yeah huge bankroll is important. Not just because dice is profitable you can have a small amount in your bankroll and depend on it. You need a huge amount to cover some losses of yours due to some lucky player and pay them off. Its okay to loss the house coz for sure you will gain it back. Its not always lossing unlike the lossing of player which is constant sometimes or maybe always.

we must be smart to promotion. not just in the beginning only to promotion, but you should always promotion our best to keep the player. as Primedice, which always makes promotions or competitions even though they are already very well known and also a big fund is very important.

That should be the right way to do, primedice is protecting their business very well. Business should be innovative to stay in the business cause due to competition one might lose their clients if you don't satisfy them well. Always remember that they are the lifeblood of your business.

That should be the right way to do, primedice is protecting their business very well. Business should be innovative to stay in the business cause due to competition one might lose their clients if you don't satisfy them well. Always remember that they are the lifeblood of your business.

Yah, primedice is really pushing themselves to standout among the others. A lot of successful gambling website knows that advertising is a very important to attract new customer but you also need to have very good campaign or promotion or events to generate returning customers.

currently there are a lot of dice gambling sites in existence, so in order to be successful you will need to design a very good website in the first place (no script copying like other copycats) and then you will need a good advertising plan (banners on other websites, signature campaign,...) and then in the end you will have to sped a lot of money on giveaways to attract new users and keep on giving away at least once a month to keep the flow of users to your site.

It is also like gambling. It depends on the luck of people playing on your gambling site. If they will lose, then you will have high profits, but if they continuosly win, then you will lose. You should have skills in making the site.

In the end primedice owned it all, I have seen alot of good dice site around here and nothing could beat primedice, there are atleast two great dice site with great design and yet primedice still owned the dice game market. Running another dice is very pointless when you know that primedice had it all

I think you need to invest big amount of money. As you know there are already a lot of gambling sites that offer dice. You need to think another way to be unique than other to make your site profitable. Making gambling site is no assurance just like gambling you need to make a strategy on promoting your site.

Yeah, think of it that it is business and every business should be treated seriously to protect our investment. It is already given that casinos are profitable since the odds favor on the house, you just need to improve the servicing and marketing sides to be successful.

but if you think twice , with 3,000 bitcoin or worth around $1,350,000 you could build a fancy restaurant or another promising business than casino.
if have to choose i would take to start a fancy restaurant business instead a casino.

Well, it is up to every individual what business they want to invest their resources into. A fancy restuarant or a casino can be both profitable. However, if we were to talk about setting up as an online business, casino seems to be a better easier and popular choice.

Correct, and although i am a web person i would rather open a blog then a dice site. I seems to involved too much money which can be stolen too easily if you are not on the alert 24/7

nah, there is no difference between investment even a restaurant can become a disaster if you don't know how to make it profitable. for example if you open up a restaurant on a street that already has a popular and good restaurant then you can not have any customer.

and it is the same with dice gangling sites, since there are many good and popular gambling sites already working the new site will have a hard time making a living.

yeah that is a nice idea, I will also like to start an academy for teaching about computer , that will have a good effect on the life of our youngsters and they will be able to do something beneficial for their country and nation in the coming future.

There's a ton more that goes into it than most would like to think, but us of course they're profitable! They wouldn't stay in operation if they were losing money lol. Gambling is a great way to go. People always like 'quick easy money'

Some people has a good specialty in a business they want to venture. If someone is good in gambling or may I say if gambling is his passion you cannot force him to invest in a different industry otherwise he will not productive and besides in the gambling world there is a big potential for profit.

i think only if u got an high traffic on it and for this you may also ened a good promo to get itn going.
maybe it would be easier to buy an also runing gamlbing site..

yeah well , due the fact we are talking about gambling site like dice , i would say just do it .
it's promising bitcoin online business too , we all know casino built to make money so the chance to get profit are higher than to lost money right?

Of course, if I have an extra money, I would rather invest it in a casino that use it in betting. Just consider that the house always win and with a considerable amount of investment you will have a good share of profit a casino will earn from their operation.

No  ;D  :D I think then its more profitable to gamlbe with gold or silver :D

Yes, I also have observed that the investors for dice sites are more active, so sites for dice will be more profitable for you if you create one for you, and also do not for get to start a signature campaign at here, with that you definitely will get a huge crowd.

Quite a few sites pop up that end up dying due to not going anywhere. Some run for a long time before this happens.

MoneyPot helps reduce the risk to site owners and help boost them up (bankroll is currently almost 500 BTC and all apps have access to that pool right from the get-go for bets). Along with that, app owners get guaranteed income based on each bet, so their only cost is whatever their own hosting is -- no risking money in a bankroll or anything.

Yeah but you also have to remember if money pot go's down your not earning anything.
Also if money pot gets rob you have no control an bye bye casino.
I'm not saying its a bad site i like the idea but it does have its negatives.

Such as downtime
Funds that you don't control.
If something go's wrong an they are down for a few hours to days what do you do then?
Cant make profit if users can't play.
If money pot shuts down so does your site.

I'm a fan of hot wallet cold wallet systems for the site an a proof of liabilities.
If you run a secure trustworthy site with investment capabilities they will come.

Yeah, this is all definitely true. But most people asking the questions like in this thread don't have the ability to:

1) Keep a site secured (i.e., user balances, investments, etc.)
2) Keep it all online (especially when they're dealing with incoming/outgoing transactions)

Not to mention there's risk involved. A player winning 50 BTC on a site where they are hosting 100 BTC would mean a loss of 50 BTC. On MP's platform, the site owner wins regardless, so even though the player won 50 BTC, the site owner also won.

That said, there's obviously the trade-offs you brought up.

Yes, an active support is must in running any business, also you have to make the deposit and withdrawal instant to that people do not have to wait for the approval or other procedures as with that people feel irritating.

But do you ever think about the future of your restaurant? I think every millionaire have enough money to restaurants but why some of them dont even have one? Did you ever think about that? Besides casino is the best business as I know because casino will never die, see vegas for example or may be other smaller casino they will never die too

It isn't easy way to run dice site and to make it profitable now.I don't say it is impossible but competition is getting serious day by day.There have been seen many new sites throughout the time and over 99 % of them just disappeared.Launching a site is easy but hard is to manage and handle the things later.

Gambling industry is expanding and there is and will always be space for new start-ups.All you need just like every business better strategy,offers,marketing and attractive design.We have watches few sites recently have become successful by promoting heavily on social media.Starting a new business always contains some risks too.

Run a dice site with bitcoin has very bright future but it must come with something unique, promotions are very important part of the gambling business so if you will get succeed to managed this wonderful support than it will be profitable for sure.

It can be profitable to run a dice site for sure.Make some decent site and then focus on user friendly contests where players think they can win easily.Keep remember giving is taking.Some people can hit big keep in mind and should have big bank role then no one can stop you being successful.

gambling consists of several games. and dices is one part among GAMES favorite and frequently used. good prospects owned by dices. do not hesitate to play this.

It can be only profitable if you are lucky with it otherwise it would be not and that can be bad for you because losing money is quite bad and it can makes you also poor.
But you have also to play with some small amounts so you are not losing that much money.

its still going to be profitable so long as the house gets to have percentage every play. the house always win. the problem with such business especailly if its just starting is taht the kick start is hard enough, you can even make users to join and use the site even for a sec.  i know someone who can promote it for you though let me know :)

No I do not think it will be profitable to be honest because these days there are so many casino's and gambling websites that offer dice.
Most likely people will use a  trusted party and you will not gain users very soon because of this.

It could be profitable but I think you would need a good marketing(signature campaign) to accomplish this and this will cost a lot of money.
To start such a website you would need investors that trust you and you would also need good developers plus a good marketing, so I think it will be a hard task to do this.

Signature campaign is not the only way to advertise, there are many other ways to advertise and all requires not small amount of money/btc.
But I agree that it is not an easy task to start a gambling site, need a great plan, preparations, and of course money.

That's true for sure, establishing a gambling sites needs a careful study by the investor, he needs to know the market especially the bitcoin prices, he needs to study the competitors and copy those good strategies and improve the weakness he can see in some of the casinos, in that way you can be able to compete with other established casinos.