bitcoin dice casinos. Is it profitable to have such casino?

[dossantosleite]

Hello,

I saw that there are so many bitcoin dice gambling sites and new ones starting each day.
So my question is if owning such site is profitable?
How much starting capital would be needed to start dice gambling site?

[ralle14]

Of course it is always and will be profitable because of the house edge. For starting capitals maybe a few coins would do then just use moneypot to help you with your bankroll needs but take note that your profit would be low because you don't support the bankroll of your gambling site..

[dossantosleite]

Of course it is always and will be profitable because of the house edge. For starting capitals maybe a few coins would do then just use moneypot to help you with your bankroll needs but take note that your profit would be low because you don't support the bankroll of your gambling site..

But it's not too late to jump in this niche? I mean, there so many dice gambling sites..its not already saturated?

[maydna]

Hello,

I saw that there are so many bitcoin dice gambling sites and new ones starting each day.
So my question is if owning such site is profitable?
How much starting capital would be needed to start dice gambling site?

i think this is the most profitable site ever that we can create because i think many people out there that interesting to playing gambling and if we create gambling site with many games, then we can get much of profit but to build this site need much capital too. actually i really not sure how much capital needed to start or creating gambling site.

maybe i can give some examples, domain names is about $11-$15, hosting server is about $25-$100, i don't know about how much fee to pay some programmers to build the sites, maybe it will more than $100 but you can search in freelancer.

[Ziskinberg]

Of course it is always and will be profitable because of the house edge. For starting capitals maybe a few coins would do then just use moneypot to help you with your bankroll needs but take note that your profit would be low because you don't support the bankroll of your gambling site..

But it's not too late to jump in this niche? I mean, there so many dice gambling sites..its not already saturated?

The market is not yet saturated, you just answered your question with your observation in your first post. There are new casinos that are operating so that would simply mean that they see a great potential to be profitable. Bitcoin or crypto currencies are getting popular, thus it would result to more and more people adopting with it and eventually those gamblers will prefer gambling with bitcoin because they can compare with the traditional gambling sites and I'm pretty sure they will have an awesome experience just like most of us who are already hooked with bitcoin gambling.

[Qartada]

Of course it is always and will be profitable because of the house edge. For starting capitals maybe a few coins would do then just use moneypot to help you with your bankroll needs but take note that your profit would be low because you don't support the bankroll of your gambling site..

But it's not too late to jump in this niche? I mean, there so many dice gambling sites..its not already saturated?

Bitcoin gambling has a lot of potential to grow in the future because it's a good concept (people that wouldn't like to have their gambling habits public pay with Bitcoin instead, and it also allows provably fair mechanisms on online casinos).

Owning a site could be profitable but it would be very hard because you have to have features which distinguish yourself from other casinos and make you better (a lower or different system for house edge, for example).  As for starting capital, you wouldn't need much as long as you'd be willing to give the majority of your profits (most sites do between 50% and 80%) of your earnings to people who invest in your bankroll.  If you're more casual, you could just invest in the bankrolls of existing sites.

[dossantosleite]

Of course it is always and will be profitable because of the house edge. For starting capitals maybe a few coins would do then just use moneypot to help you with your bankroll needs but take note that your profit would be low because you don't support the bankroll of your gambling site..

But it's not too late to jump in this niche? I mean, there so many dice gambling sites..its not already saturated?

Bitcoin gambling has a lot of potential to grow in the future because it's a good concept (people that wouldn't like to have their gambling habits public pay with Bitcoin instead, and it also allows provably fair mechanisms on online casinos).

Owning a site could be profitable but it would be very hard because you have to have features which distinguish yourself from other casinos and make you better (a lower or different system for house edge, for example).  As for starting capital, you wouldn't need much as long as you'd be willing to give the majority of your profits (most sites do between 50% and 80%) of your earnings to people who invest in your bankroll.  If you're more casual, you could just invest in the bankrolls of existing sites.

about what amounts we are talking? I mean, dice gambling site which have decent traffic and players, how much such site approximately earning per month?
Also, can you tell me more about bankroll? If I understand correctly, people invest money into gambling site and getting profits from casino earnings?
If I would be interested to invest too, where i could find trusted sites?

[danherbias07]

Dont know how much the capital would be but I sure do know it will be profitable if you knoe how to work it out.
You would need certain people here that are knowledgeable in different fields. That adds up to your capital. You will need to pay them.
But I sure do think in the long run there will be profits. While you are the ownerband have control of a lot of bitcoin you could choose to trade them back and forth fiat and bitcoin.
Perks of being an owner if I would run it.

[bering]

some people will says it is profitable if in your sites plenty active players such as primedice but some of them also will answers no it is not profitable anymore because even there are new dice sites starting each day but there is no guarantee you will have loyal players on your sites and currently rivalry of gambling sites will so tight

[dossantosleite]

some people will says it is profitable if in your sites plenty active players such as primedice but some of them also will answers no it is not profitable anymore because even there are new dice sites starting each day but there is no guarantee you will have loyal players on your sites and currently rivalry of gambling sites will so tight

So as I understand it's hard to determine if it would be profitable or not. The one way is to find out is to try..

[NorrisK]

It would be profitable as you will earn the house edge in the long run.

The biggest issue is entering the market, getting the volume you need (margins are thin!) and make sure everything is secure.

If you operate a service like this, you will become a target for hackers, which means you have to invest a lot in security.

[piloder]

I saw that there are so many bitcoin dice gambling sites and new ones starting each day.
So my question is if owning such site is profitable?
How much starting capital would be needed to start dice gambling site?

- Yes many dice sites are popping up daily/weekly and only few of them are getting success/profit.

- Owning bitcoin dice sites can be profitable but it is not always the case, there are few examples of dice sites going bankrupt due to lots of spending on advertising which didn't pulled in profit.

- Depends on how you want to proceed, if you have all the software/script than you can open investment opportunity for users so that you don't have to put all your bitcoins in bankroll. This is also quite safe way to start. I think initial investment can be between 10BTC to 100BTC.

[klf]

Of course it is always and will be profitable because of the house edge. For starting capitals maybe a few coins would do then just use moneypot to help you with your bankroll needs but take note that your profit would be low because you don't support the bankroll of your gambling site..

But it's not too late to jump in this niche? I mean, there so many dice gambling sites..its not already saturated?

Anyone can come up with a nice site for dice game but only sites will successful with proper marketing. If you don't promote it well then any use of having a gambling site and you may need to spend money for hosting site every month. Also, remember you need to have a lot of bankroll to success in this business otherwise you may also lose money in some cases.

[Oralmat]

If you think most of the dice gambling sites are here, The reason is that mostly online gamblers like to play dice games, and when bitcoin came, than it give us easy way to play online gambling. So mostly people like to play easy and favorite game, So dice is one of them.
Definitely it would be profitable for the owners of the gambling sites, that's why every day we saw new gambling sites. But about the capital to start own gambling site, I really don't have any experience of it, but you should have experience of it to create it.  

[dossantosleite]

If you think most of the dice gambling sites are here, The reason is that mostly online gamblers like to play dice games, and when bitcoin came, than it give us easy way to play online gambling. So mostly people like to play easy and favorite game, So dice is one of them.
Definitely it would be profitable for the owners of the gambling sites, that's why every day we saw new gambling sites. But about the capital to start own gambling site, I really don't have any experience of it, but you should have experience of it to create it.  

Many thanks for answers and your opinion !

10btc is a lot of money

[sana54210]

But it's not too late to jump in this niche? I mean, there so many dice gambling sites..its not already saturated?

Too late for a copycat business. If you innovate something, you may find success. I do see many bitcoin based gambling sites were just shut down.

fastdice.com is such one, I remember they had signature campaign for months and their admin was also active here in this forum with many giveaways but not into business any more maybe high competition would be a reason.

[chris200x9]

If you think most of the dice gambling sites are here, The reason is that mostly online gamblers like to play dice games, and when bitcoin came, than it give us easy way to play online gambling. So mostly people like to play easy and favorite game, So dice is one of them.
Definitely it would be profitable for the owners of the gambling sites, that's why every day we saw new gambling sites. But about the capital to start own gambling site, I really don't have any experience of it, but you should have experience of it to create it.  

The Dice game is more profitable for site owners. Becasue everyday lot of people lose a number of coins in a dice game. That is why day by day new casino sites are entering to this gambling world. And it is easy to play the more attractive game in gambling. No need to think about the game just pick one number and play. And the instant money that is why people like this game and this is more advantage for site owners.

[Betwrong]

Of course it is always and will be profitable because of the house edge. For starting capitals maybe a few coins would do then just use moneypot to help you with your bankroll needs but take note that your profit would be low because you don't support the bankroll of your gambling site..

But it's not too late to jump in this niche? I mean, there so many dice gambling sites..its not already saturated?

No, it's not. But creating a new dice site you have to keep in mind that it should be at least in a way different from the existing ones. If you create an identical copy of an established and successful dice site you can't expect people will go to your site because they will have no reasons for doing that. But if your site had, for example, 1k sats faucet people would go there for sure. The question is can you afford it? You have to be ready to lose $10k-$20k per month during initial 2-3 months and only after that your site might become popular.

[densuj]

Of course yes, bitcoin casino is profitable to have such casino although build this business is need much capital and it needs long time too, because building projects and reputation are not something easy be done, will take much time for promotion and advertising on internet. I think we need capital about BTC100 for making bitcoin dice casino.

[Barbut]

Is it profitable, but first you need to invest a lot of money before casino starts to bring you money back. Look around the forum what kind of signature campings there (calculate how much money do you need to run campaign for month or even more), its not hard to visit any site and see what kind of promotions they have and what bonuses they offer, giveaways, wager reward's also, and because you are new you need to offer more and better how else will people quit their favorite casinos and come to you.
100 bitcoins (suggestion from previous comment) is nice amount to start with, but for good casino that will attract many high rollers and much more ordinary players you will need more money for investing.