Gambling sites earnings?

[OmegaStarScream]

I was always curious about knowing how much gambling sites actually earns and how profitable is it for them considering that some websites such PrimeDice are running for years now and bitcoin price is going up and down since then so how do they manage to keep their reserve filled and make profit in same time ?

[alani123]

Primedice is funded privately, so we know very little about profits they make. Some websites however, are funded by investors publicly and this is an easy way to have a look at how profitable they are. Some sites also publish stats voluntary, like bustabit.

[dothebeats]

I am also quite curious as to how they managed to keep on rolling even though therr are massive price swings in USD-BTC plus the fact that some high rollers always win in a single day. On sports betting sites most of the time i see some crazy 49 btc slips and yet they still stay afloat.

[hello_good_sir]

I was always curious about knowing how much gambling sites actually earns and how profitable is it for them considering that some websites such PrimeDice are running for years now and bitcoin price is going up and down since then so how do they manage to keep their reserve filled and make profit in same time ?

We are not able to tell you the profit that primedice made (it was funded privately) because we dont have access to such data, however there are many crypto gambling websites where you can check the profits earned by your own, for example cryptogames.com or bustabit.
It is all about who funded the casino: if the money came from private investors, then they probably won't hand us the data.
But if it was funded other way, as an ICO or crowdfunding, then they will surely give up such an informations.

It still depends on the amount of users daily, house edge and obviously variation, if the casino is provable fair.
Some of them are more effective, some are less, and there are even casinos where investors has lost some of their money ( check moneypot ).

[Qartada]

I was always curious about knowing how much gambling sites actually earns and how profitable is it for them considering that some websites such PrimeDice are running for years now and bitcoin price is going up and down since then so how do they manage to keep their reserve filled and make profit in same time ?

I doubt PrimeDice find it hard to keep their bankroll funded.  A few thousand Bitcoin isn't much to these guys, they get thousands every month bet on their casino.  I'm sure they get a huge amount of ROI.

Bankroll investments would give a reasonably good idea of how profitable it is, since casinos often give investors over 50% of the profits just for putting their money into the bankroll.  Crypto-games.net have a tracker on their profits so you can find out how profitable it is for those investing in the bankroll and therefore how profitable it would be for a casino that funds it themselves (considering that investors get 70% of Crypto-games.net's earnings).

[batang_bitcoin]

I was always curious about knowing how much gambling sites actually earns and how profitable is it for them considering that some websites such PrimeDice are running for years now and bitcoin price is going up and down since then so how do they manage to keep their reserve filled and make profit in same time ?

I'm very well curious and interested on how much casino's are earning, daily, weekly and monthly. Though it may be not accurate and the same but when it comes to their profit I've wanted to know how big they are earning especially those that are popular. I guess they are keep on depending with the volume of btc's that are coming in to their site.

[Caladonian]

I was always curious about knowing how much gambling sites actually earns and how profitable is it for them considering that some websites such PrimeDice are running for years now and bitcoin price is going up and down since then so how do they manage to keep their reserve filled and make profit in same time ?

very hard to answer this mate for players like us but i think owners or part of their business can give us a little idea on how
they managed to earn even the btc fluctuations is really huge considering the value of btc keeps on doubling from year after
year, lets wait for them to give us idea.

[Janation]

That is a really good question, now that you mention it, there are many gamblers that play in Primedice, I am also one of them too. I think they are earning enough to make their site still going, as you can tell from the new sites that is been making an appearance that they are beiing motivated how the old and proven sites are and they want to make something new. I think if these old sites are still there and still making a gambler gamble, I guess it will stay there and earn from these gamblers. If they are not making enough money I think they will not be able to stabilize their site for a long time.

[Shinpako09]

Primedice is one of the most active gambling sites. They also have their own forum now. They have a lot of players and I guess majority of HR players are playing in their site plus owners are wealthy already before they make that gambling site. Maybe there are days that they are lossing but its only few in compare to winning days thats why if someone win big its just nothing to them i guess.

[virtualkeybuyer]

It depends on the number of players playing on these sites and the amount which they wager if a site will have a high amount of players then they will earn a good income. While if a site do not have much players then they will earn a smaller profit.

[pixie85]

I am also quite curious as to how they managed to keep on rolling even though therr are massive price swings in USD-BTC plus the fact that some high rollers always win in a single day. On sports betting sites most of the time i see some crazy 49 btc slips and yet they still stay afloat.

If they never convert, but keep all of their money in BTC the price swings don't affect them. This is especially true if we're talking about an old site with established market position like Primedice, that had Bitcoins 3-4 years ago, so even if it were to go down by 50% they still holding a small fortune. They don't need to advertise outside the Bitcoin community, don't pay out winnings in fiat, all they need to have in their casino bank are cryptocurrencies. Probably the only bill they ever pay in fiat is the domain rent, but that can be done out of the owner's pocket without the need to convert any crypto.

[MinerHQ]

It depends on the number of players playing on these sites and the amount which they wager if a site will have a high amount of players then they will earn a good income. While if a site do not have much players then they will earn a smaller profit.

I think most of these bit gambling sites should be making a lot of profits but I don't think they will tell to public. These are site confidential things but if one can run a gambling site with good promotions and people play on their site then at the end site is going to make a good profit. As you said for gambling sites traffic is very important and that's some sites always runs some attractive promotions to keep the players busy on their sites.

[erpbridge]

The gambling sites definitely earn 3-4 times the house edge they have with respect to the wagered amount. I agree with the others, that a good way to estimate would be look at the investment stats on different sites, and then you can average it off that. I assume, sportsbetting sites however earn a little more due to higher house edges.

[CHRISBIN702]

That would depend on the site or sites in question. While some rely solely on player deposits(and losses) others take a less profitable but much safer approach. They open up the site nut only to players, but investors as well. This way, if the house takes a huge hit, the investors take a huge hit. Meaning that the gambling site will then be collecting a small fee from the players withdraw. How much that fee is varies from site to site. Conversely if the gambling site has a winning night, the investors get to take their winnings to the bank. In which, the gambling site also gets a small piece of the pie in the form of a commission or fee. So you see, this approach is pretty much a win win and very safe for the site. Whereas, the privately funded site faces huge risk in the beginning but, if it can stay afloat for a year or Two, then they will be rolling in that pile of house edge profit. Forever.

[The_prodigy]

they won't tell it on public but im sure that the profit that theyre getting is lot of money. remember that the house never lose. thats the reason why gambling site is the most profitable business nowadays even tho youre not sure if its program randomly ofcourse they would create a game that they wont lose a lot of money no matter what and just like other gameshow they will make once a month to get the highest winning in their gambling site.

[chixka000]

I was always curious about knowing how much gambling sites actually earns and how profitable is it for them considering that some websites such PrimeDice are running for years now and bitcoin price is going up and down since then so how do they manage to keep their reserve filled and make profit in same time ?

Well the first thing that you have to consider is that now matter how the price of bitcoin goes up and down if the gamblers only get their amounts from the circulation itself then that price doesnt matter. Gambling would be very addicting so players dont just come and go they would always come and then have a hard time in going. During the seminar that i have attended if the person shows and interest and not a bounce rate it would leads you to a conversion (profit)

[adroitful_one]

It all depends on the traffic and the houses edge. If a site gets hundreds of thousands of unique visitors a day, and only has a 1% houses edge, they can make millions. At the same time, if a casino only gets a few thousand unique players a day, but has a 5% houses edge, they can also make millions. The house always wins in the end.

[uneng]

It all depends on the traffic and the houses edge. If a site gets hundreds of thousands of unique visitors a day, and only has a 1% houses edge, they can make millions. At the same time, if a casino only gets a few thousand unique players a day, but has a 5% houses edge, they can also make millions. The house always wins in the end.

True. And I think it's hard to calculate how much casinos are earning, because many of them cheat the gamblers to make them believe the house is earning less than what they are really earning.
Example, the casino can have an acc which earned a big win, but they say it's a gambler's account to make everyone believe gamblers are earning high there... This kind of tricks.

[noictib]

I was always curious about knowing how much gambling sites actually earns and how profitable is it for them considering that some websites such PrimeDice are running for years now and bitcoin price is going up and down since then so how do they manage to keep their reserve filled and make profit in same time ?

If I think it is not a big matter for the fall and up in the price of the bitcoin Because every gambling sites are accepting bitcoin ad and bet not as in Investment assests , when the gamblers lost or win then they need to pay the BTC not the dollers , so here we should not think about Thier Profit , Because if you are in the bitcoin then you should see only that how much BTC you gained in day buisness not how much price increase and down have you Profit , Because gambling and trading both have different ways to grow and business criteria .
So here we can say that if any gambling site have better traffic then surely he is getting profit by the gamlers  because​ people are lossing more than what they get in Gambling .

[hatshepsut93]

I was always curious about knowing how much gambling sites actually earns and how profitable is it for them considering that some websites such PrimeDice are running for years now and bitcoin price is going up and down since then so how do they manage to keep their reserve filled and make profit in same time ?

Many bitcoin casinos keep information about their profit open. Here's some examples.

Crypto-games: 15,910.87627156 - 15,278.65106029 = 632.22521127 BTC profit in Dice alone, over all time (around 3 years).

YOLOdice: 71.228 BTC profit, since Dec 06 2016.

You can check it by yourself in investor section or general stats of any gambling site.