Is it profitable to run a dice gambling site?

[Kevin77]

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

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, 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.

[xxxDD]

With moneypot, you have no risk

[plost24]

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.

[maku]

With moneypot, you have no risk

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.

[xxxDD]

With moneypot, you have no risk

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

[ranlo]

With moneypot, you have no risk

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.

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.

[martinacar]

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.

[andycarrol]

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

[SparkedDev]

With moneypot, you have no risk

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.

[EdenHazard]

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

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.

[Herbert2020]

With moneypot, you have no risk

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.

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.

[adaseb]

With moneypot, you have no risk

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.

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.

[yenxz]

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

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

[BTCevo]

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

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

[Kepler510]

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.

[bitbaby]

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

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.

[crairezx20]

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

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..

[shulio]

.  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

[rickadone]

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.

[PaperTree]

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.