Operating a BTC gambling site - Worth it?

[target]

The only reason why it won't be worth operating a BTC gambling site is if your state disallow gambling. You wouldn't want to operate illegally online gambling site for once you are tracked, its going to be a hell of pay time for you. But it could be done stil if you partner with someone who are located on states where online gambling isn't opposed. House always win by the way, if you are the house of course if going to be a profitable business. People looking for opportunity strive hard to create a dice site for a start.

[justdimin]

Yes you have to take the start as the players nowadays for BTC based casino are much more but for the success you will need an expert planning for promotions and bonuses for the people because in the start you will not think for your profit but will give benefits to the players so that they will attract to your casino.

And even if bonuses are given they should be given in such a way that the gamblers don't just exploit it and forget the site forever.

I think more important than games and promotions is the security section which means that we at least know our funds are secure no matter what happen in the world and the admin is active often so we can discuss like for talking with stunna you need 2 years I guess, not complaining but he is too busy and hence it takes so long.

[chixka000]

Just imagine the current price of bitcoin. Yet somehow it seems that they campaigns from gambling sites has no changes at all which is for me means that they are not so much affected of the currrent bitcoin price hike.

  Why arent they so affected? Well who knows? Maybe because they can still pay the price

[dunfida]

Just imagine the current price of bitcoin. Yet somehow it seems that they campaigns from gambling sites has no changes at all which is for me means that they are not so much affected of the currrent bitcoin price hike.

  Why arent they so affected? Well who knows? Maybe because they can still pay the price

There would be no effect at all since their bitcoins would grow and even they are paying on fix campaign rates it doesnt matter because its just on the same story.No matter how bitcoins price would hike they will still not change payrates which is really an advantage for its promoters.

[Oilacris]

Just imagine the current price of bitcoin. Yet somehow it seems that they campaigns from gambling sites has no changes at all which is for me means that they are not so much affected of the currrent bitcoin price hike.

  Why arent they so affected? Well who knows? Maybe because they can still pay the price

There would be no effect at all since their bitcoins would grow and even they are paying on fix campaign rates it doesnt matter because its just on the same story.No matter how bitcoins price would hike they will still not change payrates which is really an advantage for its promoters.

I did notice that there are no changes on payrates but i do also see some campaigns who lessen the payrates because of sudden price increase of bitcoin but well they have their own different decisions.
Back to topic, its still worth to build a gambling site it just really need proper management and planning on how you gonna run it to attract potential players on the site.

[BitcoinHodler]

Just imagine the current price of bitcoin. Yet somehow it seems that they campaigns from gambling sites has no changes at all which is for me means that they are not so much affected of the currrent bitcoin price hike.

  Why arent they so affected? Well who knows? Maybe because they can still pay the price

first of all, when you are running some ad campaign (not just signature campaign) you dedicate the funds beforehand so when price goes up your funds are still the same. and you are still paying with bitcoin.

also it is still a lot cheaper than banner advertising on anywhere with this much view. even the forum banners would cost more.

and last but not least, people are gambling with bitcoin so these sites are earning bitcoin and also paying bitcoin so it really doesn't matter much how much bitcoin price is worth.
unless price goes up really high such as $2500 or these sites stop making money i don't see any reason for them to reduce their payment.

as an example you can check out bitmixer.io signature campagin. they have been paying the same rate even when price was $200 and still paying the same rate even when price is $1300!

[tabas]

It is profitable if you will make your site to be well known and popular. But don't always think that gambling sites will have profit easily in the first place or when it comes to starting your operation. You need to have capital also for making the popularity of your gambling site higher. And that will be worth it when you effectively made your site popular.

[chixka000]

Just imagine the current price of bitcoin. Yet somehow it seems that they campaigns from gambling sites has no changes at all which is for me means that they are not so much affected of the currrent bitcoin price hike.

  Why arent they so affected? Well who knows? Maybe because they can still pay the price

first of all, when you are running some ad campaign (not just signature campaign) you dedicate the funds beforehand so when price goes up your funds are still the same. and you are still paying with bitcoin.

also it is still a lot cheaper than banner advertising on anywhere with this much view. even the forum banners would cost more.

and last but not least, people are gambling with bitcoin so these sites are earning bitcoin and also paying bitcoin so it really doesn't matter much how much bitcoin price is worth.
unless price goes up really high such as $2500 or these sites stop making money i don't see any reason for them to reduce their payment.

as an example you can check out bitmixer.io signature campagin. they have been paying the same rate even when price was $200 and still paying the same rate even when price is $1300!

Right that they are psying bitcoin. However the price would really still varies on the part of their gamblers. Why?  Simple becausw it is still from the fiat which they converted so that they could play. The higher the price the lesser bitcoin that they could exchange which also means that it could lessen the gambling owners income

[rickadone]

I think at this point isn't interesting anymore to operate a new casino. There are many casinos already and it already supply the current amount Bitcoin gamblers. It will just worth if you come with something new that no one have, an original inedited casino.

When more people start using Bitcoins, maybe this idea could be good again, but now it's too risk and probably you can lose money trying to be a part of a saturated market.

Actually a complete sportbook based on bitcoins may be the best option right now since you see directbet offers the support and coverage but fails in odds which is covered by nitrogensports but low coverage and less active admin then comes cloudbet whose everything is fine but the support is terrible and the withdrawals have always been in question.

[machinek20]

I think it is still profitable to run a casino, but you need to be outstanding so you can attract people to go to your site, I suggest you come out with a new idea of games, if you only got a usual game then you need to compete with other famous casino

[canah17]

Hey everyone. 

I'm a passionate Web-Developer and currently got a little bit more time on my hands than usual.
I really love what I'm doing and enjoy running my own projects, so I decided to sit down and start coding a new BTC gambling website.

Everything is prepared already:
 - I have a really catchy Game which I couldn't find anywhere else to play online
 - I have designers on my hand for some neat graphics
 - I have done the math to maintain a small house edge
 - The automatic handling of BTC transactions is finished
 - Provably Fair is planned to be done today
 - My dedicated server is ready to handle a good amount of traffic
 - [...]

But I'm interested to know: Is developing a BTC gambling websites considered to be profitable?
Can I expect people to pay attention to a new game?
Is the market maybe already saturated?

My decision to code this website isn't going to change, regardless of the answers I will receive. 
I'm simply wondering what dimensions I could be entering with this project.

I'm excited to hear your thoughts and opinions on this! 

Well this is one good profitable idea but the real question is how can you get user's or gambler's to trust your website? That's a great plan and a big one of course its really difficult you must surely make have a support from other major websites those are popular so that your website will be user by some gambler's and also i recommend you for easy gambling sports games just bettings

[hinterlog]

Hey everyone. 

I'm a passionate Web-Developer and currently got a little bit more time on my hands than usual.
I really love what I'm doing and enjoy running my own projects, so I decided to sit down and start coding a new BTC gambling website.

Everything is prepared already:
 - I have a really catchy Game which I couldn't find anywhere else to play online
 - I have designers on my hand for some neat graphics
 - I have done the math to maintain a small house edge
 - The automatic handling of BTC transactions is finished
 - Provably Fair is planned to be done today
 - My dedicated server is ready to handle a good amount of traffic
 - [...]

But I'm interested to know: Is developing a BTC gambling websites considered to be profitable?
Can I expect people to pay attention to a new game?
Is the market maybe already saturated?

My decision to code this website isn't going to change, regardless of the answers I will receive. 
I'm simply wondering what dimensions I could be entering with this project.

I'm excited to hear your thoughts and opinions on this! 

What type of game are you developing? Dice?

How are you going to prevent hackers?

[SvenBomvolen]

I think to reach the success with gambling site in the most beginning you will have to invest a lot to promote your site and to get the status of trustworthy gambling site. Add to that nothing will be posssible without players. So you have to count to be profitable it will have to pass pretty much time. I wish you much of luck with your idea, cause I think this kind of business can be really good nowadays.

[doomistake]

Hey everyone.  

I'm a passionate Web-Developer and currently got a little bit more time on my hands than usual.
I really love what I'm doing and enjoy running my own projects, so I decided to sit down and start coding a new BTC gambling website.

Everything is prepared already:
 - I have a really catchy Game which I couldn't find anywhere else to play online
 - I have designers on my hand for some neat graphics
 - I have done the math to maintain a small house edge
 - The automatic handling of BTC transactions is finished
 - Provably Fair is planned to be done today
 - My dedicated server is ready to handle a good amount of traffic
 - [...]

But I'm interested to know: Is developing a BTC gambling websites considered to be profitable?

Yes, it is profitable, because if your game is really good then, many people will become interested on your game and the more the players that you have, playing on your gambling site everyday, the more money you can have everyday.

Can I expect people to pay attention to a new game?

You have said that you have a really catchy game which you couldn't find anywhere else that plays online, so technically, many people will be addicted on your game if, it is really catchy like the way you have said it. Also, your game must have a really good User Interface, for them to be more addictive about it.

Is the market maybe already saturated?

My decision to code this website isn't going to change, regardless of the answers I will receive.  
I'm simply wondering what dimensions I could be entering with this project.

I'm excited to hear your thoughts and opinions on this!  

Nope it is not yet saturated, because if it is, then no one would make new gambling sites everyday, or promote something to play online and bitcoin is the payment. Your idea is really good, because most of us here wants to make a gambling site because it is really a good way to earn money, and the profit here that you can earn per day is really big compare to if you are just going to do signature campaign.

[ricardobs]

Passion won't be enough.  You'll also need to spend thousands on SEO linkbuilding because gambling is a very competitive niche.

One best thing about bitcoins gambling sites owners is that they don't really have to spend money on SEO and other promotions like backlinks since they can just make a thread here nicely and they will already get 90%of the gamblers who actually gamble with bitcoins.
SEO and backlinks are important when you need a site popular in search engines which is clearly not required here.

[peter0425]

Passion won't be enough.  You'll also need to spend thousands on SEO linkbuilding because gambling is a very competitive niche.

One best thing about bitcoins gambling sites owners is that they don't really have to spend money on SEO and other promotions like backlinks since they can just make a thread here nicely and they will already get 90%of the gamblers who actually gamble with bitcoins.
SEO and backlinks are important when you need a site popular in search engines which is clearly not required here.

I agree with you regarding SEO. Although having a signature campaign here help in getting  traffic to your new website, but you also need to have a good SEO to really rank good in Google specially when gamblers are searching for a gambling site. So saturated or not, SEO is a must to rank your website against competition so that you can attract more players in your website.