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Author Topic: February was Record Month for Bitcoin Gambling  (Read 1084 times)
The_prodigy
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March 17, 2017, 09:40:30 AM
 #41

Every gambling website earn approximately 10 or more bitcoin per minute, not all people make win in any gambling website lets say 10 out of 100 player win the game. Gambling is playing the big role in bitcoin industry where there are lots of gambling websites People might think that bitcoin is just for gambling only lmao
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March 17, 2017, 10:40:25 AM
 #42

Every gambling website earn approximately 10 or more bitcoin per minute, not all people make win in any gambling website lets say 10 out of 100 player win the game. Gambling is playing the big role in bitcoin industry where there are lots of gambling websites People might think that bitcoin is just for gambling only lmao
I don't think the live statistics from the bitcoinstrip is correct though it's just an average for all casino's profit. I checked luckyb.it stats for example and they have a total btc wagered of 997 but profited 0 something's wrong there because afaik they have house edge.

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March 17, 2017, 01:40:37 PM
 #43

Every gambling website earn approximately 10 or more bitcoin per minute, not all people make win in any gambling website lets say 10 out of 100 player win the game. Gambling is playing the big role in bitcoin industry where there are lots of gambling websites People might think that bitcoin is just for gambling only lmao
I don't think the live statistics from the bitcoinstrip is correct though it's just an average for all casino's profit. I checked luckyb.it stats for example and they have a total btc wagered of 997 but profited 0 something's wrong there because afaik they have house edge.

i think its only estimate for what casino can get in monthly because i don't think that every casino will give their profit info to other site and maybe the casino is only give some number that related with their profit. and if they give some info like btc wagered, maybe its true and they can give this statistic to other site, but the real number is always with them since they will keep for private and no one will know how much exactly they get from gambling business.

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March 17, 2017, 06:22:48 PM
 #44

That's definitely good news, it's really an industry that has given us much innovation in gambling as opposed to traditional casinos.
The whole provably fair system is something that only Bitcoin and altcoin casinos can offer and that might be another factor in drawing in more people.

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March 17, 2017, 07:51:33 PM
 #45

That's definitely good news, it's really an industry that has given us much innovation in gambling as opposed to traditional casinos.
The whole provably fair system is something that only Bitcoin and altcoin casinos can offer and that might be another factor in drawing in more people.

Precisely and if they continue this way we will be able to get more people into the cryptocurrency world through gambling online casinos and betting websites.
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March 21, 2017, 12:54:39 PM
 #46

That's definitely good news, it's really an industry that has given us much innovation in gambling as opposed to traditional casinos.
The whole provably fair system is something that only Bitcoin and altcoin casinos can offer and that might be another factor in drawing in more people.

Precisely and if they continue this way we will be able to get more people into the cryptocurrency world through gambling online casinos and betting websites.

Definitely, if they way continue than after some years, bitcoin make for the gamblers and also for casino's owners to earn money from it and it will be a big business for every users who use the bitcoin.
If we see in the past, when bitcoin was not introduced in the online gambling world, than we see the result only few people play online gambling and they face the difficulties to pay the amount. But when bitcoin came, it make the way of payment system easy and it build the trust of online gambling sites. So February is a proof that bitcoin will be more popular on online gambling in future. 
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March 21, 2017, 03:00:49 PM
 #47

Bitcoin will be the future of gambling and we are seeing it's future already, the figured stated by the OP is a serious figured and that would simply mean that there are many gamblers who started to adopt the bitcoin gambling system. It's a progress that we should be happy about and that happen because they see bitcoin is a perfect match for their gambling needs, with that it will bring a competitive market and we can see more casinos to exist in the future to come.

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March 21, 2017, 03:37:46 PM
 #48

Become addicting
It is not that Bitcoin/cryptocurrency powered gambling is more addicting that 'normal' online casinos.
Using bitcoin as your payment method is only matter of preference and convenience rather than statement of your beliefs.
We all have to agree that standard regulated fiat powered gambling services are simply hard to use.
Roboabhishek
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March 21, 2017, 03:43:36 PM
 #49

If it's a fact then i think it's really insane 3 btc / min ? wow
But is there any info regarding how much they win or loose Cheesy
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March 21, 2017, 04:37:13 PM
 #50

I'm in this number, cause I gamble every single day. And I was talking year ago that bitcoin gambling can just expand more with the time. This news is not a surprise for me, and this is not the top, bitcoin gambling will attract even more people in future you will see, and this 3 btc per second will be 10 btc per second in just few years.



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March 21, 2017, 04:47:00 PM
 #51

I'm in this number, cause I gamble every single day. And I was talking year ago that bitcoin gambling can just expand more with the time. This news is not a surprise for me, and this is not the top, bitcoin gambling will attract even more people in future you will see, and this 3 btc per second will be 10 btc per second in just few years.

I gamble every weekend but sometimes I dont gamble with bitcoin and I just go to the casino since its boring to stay at home gambling. I think it's clear that the future of gambling will happen in bitcoin. We are talking about trillions of transactions in gambling per day once we get lightning network support.
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