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Author Topic: Is it profitable to run a dice gambling site?  (Read 5409 times)
elizabethqueen
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December 16, 2015, 12:53:36 PM
 #61

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.

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michinzx
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December 16, 2015, 12:53:48 PM
 #62

Definitely. Just take a look at Stunna and Dooglus. They are both extremely rich Tongue
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.
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December 16, 2015, 01:00:36 PM
 #63


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.

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shulio
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December 16, 2015, 04:38:25 PM
 #64

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

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
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December 16, 2015, 04:57:37 PM
 #65

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

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.

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December 16, 2015, 05:40:54 PM
 #66

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

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

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  Grin

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December 16, 2015, 05:41:12 PM
 #67

If you rig it and advertise on it, it will be very profitable for you.

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..

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December 16, 2015, 05:43:28 PM
 #68

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 Smiley

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!

Hashminers
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December 16, 2015, 09:16:34 PM
 #69

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.
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December 16, 2015, 09:51:19 PM
 #70

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.

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.
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December 16, 2015, 10:01:23 PM
 #71

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 Smiley

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. 

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December 16, 2015, 10:38:56 PM
 #72

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.

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December 16, 2015, 10:44:04 PM
 #73

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?
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December 16, 2015, 10:55:13 PM
 #74

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...

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December 16, 2015, 10:58:45 PM
 #75

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.
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December 17, 2015, 02:22:23 AM
 #76

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

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.

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December 17, 2015, 07:24:56 AM
 #77

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  Wink

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
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December 17, 2015, 07:37:52 AM
 #78

If you rig it and advertise on it, it will be very profitable for you.

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..
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.

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December 17, 2015, 08:21:40 AM
 #79

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.

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December 17, 2015, 08:51:42 AM
 #80

If you rig it and advertise on it, it will be very profitable for you.

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..
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.

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.
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