Bitcoin Forum

Economy => Gambling => Topic started by: CryptoPanda on February 19, 2014, 12:26:56 PM



Title: How big is the bitcoin gambling market at the moment?
Post by: CryptoPanda on February 19, 2014, 12:26:56 PM
Are there any rough estimations on the market size at the moment and the number of players?
Which are considered to be the big players so far?


Title: Re: How big is the bitcoin gambling market at the moment?
Post by: Beymond on February 19, 2014, 01:24:48 PM
may be 1 M per day


Title: Re: How big is the bitcoin gambling market at the moment?
Post by: CryptoPanda on February 19, 2014, 01:43:42 PM
How do you get to that estimation?


Title: Re: How big is the bitcoin gambling market at the moment?
Post by: jimmyng on February 19, 2014, 01:53:47 PM
How would you estimate 1m USD ?   There are so many new entrants every day and established sites, I think its very hard to calculate a figure.   you have up and comers like www.orakle.co , primedice etc. taking out the older guys.

a cool thread would be to understand where the whales of bitcoin play.


Title: Re: How big is the bitcoin gambling market at the moment?
Post by: b!z on February 19, 2014, 01:57:43 PM
may be 1 M per day

Code:
2014-02-14  25835.25428674
2014-02-15   2424.43973985
2014-02-16   3702.31398010
2014-02-17   8900.47996969
2014-02-18   3051.14235243

Looking at Just-Dice stats (https://just-dice.com/wagered.txt) alone, I think your estimation might be slightly off.


Title: Re: How big is the bitcoin gambling market at the moment?
Post by: CryptoPanda on February 19, 2014, 03:12:54 PM
may be 1 M per day

Code:
2014-02-14  25835.25428674
2014-02-15   2424.43973985
2014-02-16   3702.31398010
2014-02-17   8900.47996969
2014-02-18   3051.14235243

Looking at Just-Dice stats (https://just-dice.com/wagered.txt) alone, I think your estimation might be slightly off.

up to 25k bitcoins per day?
that's amazing


Title: Re: How big is the bitcoin gambling market at the moment?
Post by: CryptoPanda on February 19, 2014, 03:15:10 PM
that's like 75 bitcoins pure profit per day on a good day?


Title: Re: How big is the bitcoin gambling market at the moment?
Post by: RitzGrandCasino on February 20, 2014, 01:44:33 PM
The response we are getting is amazing. I cannot believe though, how many primitive looking games there are around.
But they still attract a good crowd.

Very strange.




Title: Re: How big is the bitcoin gambling market at the moment?
Post by: Wendigo on February 20, 2014, 02:34:03 PM
What is a primitive looking game?


Title: Re: How big is the bitcoin gambling market at the moment?
Post by: zolace on February 20, 2014, 03:11:39 PM
I dont think the market is that big yet, in another 2 years Ill say it will blow to about that.  Lets see how bitcoin gets out of the dark age first


Title: Re: How big is the bitcoin gambling market at the moment?
Post by: zolace on February 20, 2014, 03:12:47 PM
Prime dice is only a year old, not very old at all


Title: Re: How big is the bitcoin gambling market at the moment?
Post by: CryptoPanda on February 20, 2014, 07:16:58 PM
The response we are getting is amazing. I cannot believe though, how many primitive looking games there are around.
But they still attract a good crowd.

Very strange.




yeah my thoughts as well.

By the way, how the slots are doing for you guys? :)


Title: Re: How big is the bitcoin gambling market at the moment?
Post by: CryptoPanda on February 21, 2014, 07:18:10 PM
What is a primitive looking game?


well a lot of the sites don't care much about design just yet. Much like the internet was in 95 :)


Title: Re: How big is the bitcoin gambling market at the moment?
Post by: RitzGrandCasino on February 22, 2014, 12:25:12 AM
the slots are doing well. We have  new games and they have taken off like a rocket!


Title: Re: How big is the bitcoin gambling market at the moment?
Post by: RitzGrandCasino on February 22, 2014, 12:28:05 AM
Wendigo... primitive looks like a game that was made in the 80's. For an Atari 2600. 

We are one of the few Bitcoin casinos with modern looking games. And superb graphics.


Title: Re: How big is the bitcoin gambling market at the moment?
Post by: markjamrobin on February 22, 2014, 12:33:16 AM
Wendigo... primitive looks like a game that was made in the 80's. For an Atari 2600. 

We are one of the few Bitcoin casinos with modern looking games. And superb graphics.

For most Bitcoiners, we prefer something provably fair, as opposed to something pretty. Even though the UI for a site like JD may be "primitive", they are highly trustworthy, and are proved fair.


Title: Re: How big is the bitcoin gambling market at the moment?
Post by: iram3130 on February 22, 2014, 12:42:43 AM
The response we are getting is amazing. I cannot believe though, how many primitive looking games there are around.
But they still attract a good crowd.

Very strange.


Website design does not matter for casinos. What really matters is if the site is provably fair. Most new sites has good design but they are scam they are not provably fair. The outcome is programmed to make sure the owner earn money not based on randomness. Is your website provably fair?


Title: Re: How big is the bitcoin gambling market at the moment?
Post by: markjamrobin on February 22, 2014, 01:06:57 AM
The response we are getting is amazing. I cannot believe though, how many primitive looking games there are around.
But they still attract a good crowd.

Very strange.


Website design does not matter for casinos. What really matters is if the site is provably fair. Most new sites has good design but they are scam they are not provably fair. The outcome is programmed to make sure the owner earn money not based on randomness. Is your website provably fair?

It isn't, I checked :D It is one of those new sites that just sprung up.


Title: Re: How big is the bitcoin gambling market at the moment?
Post by: iram3130 on February 22, 2014, 01:15:47 AM
The response we are getting is amazing. I cannot believe though, how many primitive looking games there are around.
But they still attract a good crowd.

Very strange.


Website design does not matter for casinos. What really matters is if the site is provably fair. Most new sites has good design but they are scam they are not provably fair. The outcome is programmed to make sure the owner earn money not based on randomness. Is your website provably fair?

It isn't, I checked :D It is one of those new sites that just sprung up.

Be careful with this guy  he will threatened to sue if you criticized his website.


Title: Re: How big is the bitcoin gambling market at the moment?
Post by: markjamrobin on February 22, 2014, 01:17:24 AM
The response we are getting is amazing. I cannot believe though, how many primitive looking games there are around.
But they still attract a good crowd.

Very strange.


Website design does not matter for casinos. What really matters is if the site is provably fair. Most new sites has good design but they are scam they are not provably fair. The outcome is programmed to make sure the owner earn money not based on randomness. Is your website provably fair?

It isn't, I checked :D It is one of those new sites that just sprung up.

Be careful with this guy  he will threatened to sue if you criticized his website.

Oh shit! Those shady casino sites must have a legal army.


Title: Re: How big is the bitcoin gambling market at the moment?
Post by: uber on February 22, 2014, 03:08:48 AM
For most Bitcoiners, we prefer something provably fair, as opposed to something pretty. Even though the UI for a site like JD may be "primitive", they are highly trustworthy, and are proved fair.

Somehow I really doubt this is true. It might be true for the real gambling degenerates at the moment, but as real games are starting to be introduced and serious companies start to get into bitcoin this dice fad should blow over soon.


Title: Re: How big is the bitcoin gambling market at the moment?
Post by: Light on February 22, 2014, 04:23:36 AM
I doubt that dice gaming will disappear anytime soon, maybe the smaller ones but JD and PD will probably be around for quite a while to come with their sheer volume. Even if someone new enters the market, it is rather hard to reinvent the wheel and come up with a different gaming experience that people would be willing to switch to.


Title: Re: How big is the bitcoin gambling market at the moment?
Post by: CryptoPanda on February 22, 2014, 08:54:35 AM
Wendigo... primitive looks like a game that was made in the 80's. For an Atari 2600. 

We are one of the few Bitcoin casinos with modern looking games. And superb graphics.

For most Bitcoiners, we prefer something provably fair, as opposed to something pretty. Even though the UI for a site like JD may be "primitive", they are highly trustworthy, and are proved fair.


ok, what about something that's both provably fair and pretty, like https://BitBandit.eu (https://BitBandit.eu) ? :)