Bitshire Hashaway (OP)
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January 25, 2016, 12:05:46 PM |
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Can I somehow check how much gambling sites make ? Daily , Weekly , Yearly , doesn't really matter but the more the merrier.
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Sharma
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January 25, 2016, 12:06:46 PM |
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I don't think there's a way of doing this, unless the owner has a central (known) address which he uses to stockpile his earnings.
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tiggytomb
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January 25, 2016, 12:08:36 PM |
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I don't think you would be able to find this out unless the particular site publishes their earnings, many non bitcoin companies tend to do this but I don't think there is anything similar in the bitcoin world.
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SyGambler
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January 25, 2016, 12:31:53 PM |
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usually full casinos that have sportsbook roulette and other casino games won't give details about how much they are making but there are plenty of dice sites that show how much they have made so far , especially sites that allow their players to invest you can check some stats on dicesites.com , it has some statistics that can help you
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NorrisK
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January 25, 2016, 12:33:18 PM |
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One estimation that you can make is to multiply the house edge, which is usually 0,5% by the total bet amount.
This will be the betting site turnover. After that it depends on the number of employees, hosting, promotions, referral payments, etc.
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maku
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January 25, 2016, 12:52:09 PM |
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In short, no. Not exactly for sure. Unless site owner provide you data about its earnings there is no definite way of knowing how much said Casino earned. You can try to research some data, like number of bets, House Edge from them etc. But from my experience the final number could be different from that maths.
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RealPhotoshoper
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January 25, 2016, 01:01:14 PM |
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I don't think you would be able to find this out unless the particular site publishes their earnings, many non bitcoin companies tend to do this but I don't think there is anything similar in the bitcoin world.
There is no casino publish their profit earnings, but i have seen a casino which publish their negative earning and I think it is a little bit strange a casino did not get profit. I forgot what casino it is but I have seen it I am sure. What about count a total bets in dice site and make a percentage of 1% house? Is it will work to get to know how much they get profit?
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Snail2
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January 25, 2016, 01:05:47 PM |
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If the site have an investment or profit sharing opportunity you can make some estimations on the profit. You can also make some calculations from publicly available data like house edge and amount of gambled coins, but that not going to include the costs of running the casino. Generally speaking casinos not used to publish data about their earning without a good reason (e.g. selling shares).
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mobnepal
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January 25, 2016, 01:11:12 PM |
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I haven't seen other gambling site which allow you to see actual stats of bankroll of the site but bustabit stats can be found here https://www.bustabit.com/statsAnd if those site uses the moneypot script and api than you can always check wagered amount, profit to casino and profit to investor in moneypot.
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btcdevil
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January 25, 2016, 02:27:21 PM |
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Most of the sites wont give out their accounts details online to anyone, but some sites which are genuine gives their account details by registering to some sites which keep track records of the sites, because their are so many gambling sites which come and go very soon and players money are getting scammed, that is the reason they are not coming out with their site account details.
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fox19891989
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January 25, 2016, 02:43:21 PM |
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One estimation that you can make is to multiply the house edge, which is usually 0,5% by the total bet amount.
This will be the betting site turnover. After that it depends on the number of employees, hosting, promotions, referral payments, etc.
you are right, i usually do this kind of calculation to estimate how much casinos earn per year or day, actually unless some public casinos like bet365, williamhill, seldom private casinos will public their financial reports to public, that's why we don't see the figure in here, but we can estimate the wagering amount times house edge.
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Herbert2020
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January 25, 2016, 04:24:32 PM |
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nobody wants to reveal their earnings to public. they don't benefit from it and it might even be harmful for them. so the only thing you can do is to make estimates by checking their known addresses and amounts that people bet everyday on their website and try to do some calculations in order to find out how much they make.
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip. Whales are those who keep buying the dip.
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DarkStar_
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January 25, 2016, 04:28:22 PM |
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I don't think you would be able to find this out unless the particular site publishes their earnings, many non bitcoin companies tend to do this but I don't think there is anything similar in the bitcoin world.
There is no casino publish their profit earnings, but i have seen a casino which publish their negative earning and I think it is a little bit strange a casino did not get profit. I forgot what casino it is but I have seen it I am sure. What about count a total bets in dice site and make a percentage of 1% house? Is it will work to get to know how much they get profit? A whale could get lucky and than cashout with big profit. It's not a 100% guarantee that they will profit, but with math you will always make a profit in the end.
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taking a break - expect delayed responses
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Erza
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January 25, 2016, 04:34:24 PM |
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Can I somehow check how much gambling sites make ? Daily , Weekly , Yearly , doesn't really matter but the more the merrier.
Some site give will show their daily wagered and monthly so you can calculate it not precisely but round up. What I know some site will get 10% from their wagered so if particular site have 10k bitcoin wagered in a month so they will get approximately around 1k bitcoin
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Betwrong
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January 25, 2016, 04:35:26 PM |
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One estimation that you can make is to multiply the house edge, which is usually 0,5% by the total bet amount.
This will be the betting site turnover. After that it depends on the number of employees, hosting, promotions, referral payments, etc.
That's a good method to estimate how much a gambling sites makes. Thanks! Of course you can't say the precise amount but you will defiinitely pretty much have an idea. Another way to know the amount is (if a site is based on investments) reading a quarterly statement for shareholders.
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pawel7777
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January 25, 2016, 04:48:56 PM |
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Can I somehow check how much gambling sites make ? Daily , Weekly , Yearly , doesn't really matter but the more the merrier.
You can check the profit of dice sites with investment options here: https://dicesites.com/As the other mentioned, you can get rough estimate by multiplying house edge by total amount wagered (if available).
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Nimbulan
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January 25, 2016, 06:49:37 PM |
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i dont think that it is possible if the websites do not share their statistics online, they can easily just dont show their wallets and thats it no one could predict that, there were a couple of websites that did that
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buyinbtc
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January 25, 2016, 07:34:21 PM |
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Can I somehow check how much gambling sites make ? Daily , Weekly , Yearly , doesn't really matter but the more the merrier.
You can check the profit of dice sites with investment options here: https://dicesites.com/As the other mentioned, you can get rough estimate by multiplying house edge by total amount wagered (if available). i must admit that it is a really good website, i was looking for something like that for a long time already to decide where to invest my money thank you for sharing this
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adaseb
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January 27, 2016, 03:49:10 PM |
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If the site has a public bankroll because they let you invest then you can see how much they make. However most sites aren't like this.
You can always just assume that after 1,000,000 rolls they gains are the house edge but you have no way of knowing each bet size so it won't help either.
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