Is it profitable to run a dice gambling site?

[darkangel11]

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.

[Shogen]

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.

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.

[fullypak]

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.

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.

[lorylore]

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.

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.

[JasonXG]

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

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.

[Arcteryx]

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

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.

[DarkStar_]

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.

[lexuz]

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.

[emberbekas]

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.

[OrangeII]

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.

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

[pocarime32]

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.

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.

[Herbert2020]

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.

[rekinthis]

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

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

[uname]

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

[armansolis593]

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.

[ranlo]

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.

[ajun96]

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.

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

[Red-Apple]

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

[BruceLee007]

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

[Nahl]

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