Do these gambling sites make good money?

[Taki]

Such information will never be announced and nobody will say how much money gambling sites make. But taking in view that such kind of business is blossoming I can say that it's big money with low investments.

[Janation]

Such information will never be announced and nobody will say how much money gambling sites make. But taking in view that such kind of business is blossoming I can say that it's big money with low investments.

Nah, I don't think it is a "big money" with "low investments" since not all of the gamblers gambling at that certain gambling is losing. You still need a great amount of capital for that kind of business.

Gambling sites requires a great capital, as I said, not all of the gamblers of that certain gambling site will always lose, they also wins. And not all of them will be gambling it all the way, they will be stopping as they hit a good amount or take back some money, there are a lot of smart gamblers not all of them are just addicted.

[jacee]

Such information will never be announced and nobody will say how much money gambling sites make. But taking in view that such kind of business is blossoming I can say that it's big money with low investments.

Just imagine the amount of money they get from a number of their players on a daily business. The numbers are big!

I can't agree to the low investment part tho. It requires a big amount of money to build up a good gambling site that can compete with the existing ones.

It will be hard to get to that level at first tho but with good marketing strategy and a good site, there will be a good number of people playing in their site in no time.

[Caladonian]

Such information will never be announced and nobody will say how much money gambling sites make. But taking in view that such kind of business is blossoming I can say that it's big money with low investments.

Nah, since there's already a lots of competitions Booker's needs also to have a good initial investment to provide attracting promotions, and a wide range of gambling games, in terms of profits, well it's a big money involve as if the site caters almost or all the games where gambling offers, pocketing big profits when system brings good service.

[Fatanut]

And is it worth trying to recreate one? I would imagine it's already too saturated. Either way, I was mostly curious about how much these guys actually make (margin-wise). If anyone had some insight on this, I'd love to hear.

Creating a new gambling site isn't a bad idea but be sure that the game you would launch is somehow unique which it can possible get a piece of share of the entire gambling industry of crypto and yes,it might be saturated but still always a chance but if you would just stick into games like Dice/sports/casino games then its better not to proceed at all.If you do try to look up on the current competition in the market then it would really really be tough.

I think that it's hard to compete with the current market but it's harder to introduce a new type of gambling game, and make people prefer it over the traditional gambling games unless your new game is dumb and allows people to make money easily which will lead you to bankruptcy, btw. These days, it kind of comes down to the little things.

When it comes to the type of games, you will most likely not end up having with a new game that people will actually play. It's in the service where the competition actually starts. Responsive customer service is the key these days. Gambling sites and also trading sites usually have a bad customer service. Of course there are some that have a responsive team and because of that, they are the ones that have the most players. Gambling sites are services at the end of the day, and people will not only rate you for the game but also their experience on how you handled their technical problems.

A gambling site can have a good ambiance and community that makes people enjoy the game, but if their customer service is bad, then the gambling site overall will be considered as bad right away. You need a team that can sort out problems as quick as possible otherwise people will start posting about their bad experience and that will make newcomers refrain from starting to bet in your site.

tl;dr: It's not just the game, but also the service (since gambling sites are offering a service at the end of the day).

[BitBustah]

These casinos deserve to make a good amount of money, they are providing a enjoyable experience to their players.  A lot of work goes into creating an online casino that often goes unappreciated, just the customer support alone is a lot to deal with.  Casinos also have to undergo a large risk when they are first starting out, it takes awhile to become profitable.  

[shanem]

Dice gambling sites are overrated but online casinos and sportsbook will always make money in the long run. The other problem faced is the huge amount of work done to set up these gambling sites. You need a huge capital to pay up the winners with a 24/7 support system and you need to obtain a gambling license.

[noormcs5]

The websites that do make a lot of money are the trusted ones. We have a lot of gambling casinos but only the major ones are making real money. The major ones are those who process payouts instantly and also the deposits, are trusted by the players , have a low house edge and a lot of beautiful graphical slot machines with even more addicting bonus games.

You need to have a lot of Bitcoins as initial capital to start this venture in order to be prepared to payout any whale who might happen to play in your casino. Don't worry even if you lose in the beginning as the house edge will set thing in your favour during the long run.

Online casino and gambling website are the most profitable business these days. You just have invest in the creation of a site and deploy different algorithm in it and there you go. With less capital, the gambling site is ready and as you know it is so much profitable as the site always win the major portion of the games.
The only thing here is the competition, as there are many new gambling sites being created and those are in competition of giving good bonuses or do advertisements to make themselves different and prominent from others.

[iv4n]

The websites that do make a lot of money are the trusted ones. We have a lot of gambling casinos but only the major ones are making real money. The major ones are those who process payouts instantly and also the deposits, are trusted by the players , have a low house edge and a lot of beautiful graphical slot machines with even more addicting bonus games.

You need to have a lot of Bitcoins as initial capital to start this venture in order to be prepared to payout any whale who might happen to play in your casino. Don't worry even if you lose in the beginning as the house edge will set thing in your favour during the long run.

Online casino and gambling website are the most profitable business these days. You just have invest in the creation of a site and deploy different algorithm in it and there you go. With less capital, the gambling site is ready and as you know it is so much profitable as the site always win the major portion of the games.
The only thing here is the competition, as there are many new gambling sites being created and those are in competition of giving good bonuses or do advertisements to make themselves different and prominent from others.

Online gambling industry is a rising industry, every year more people choosing online over land based casino. It`s profitable, they wouldn`t done it if it`s not, but not all of them are making serious profit. We need to separate online fiat gambling websites and online crypto gambling websites. The first online casino was in 1994, first bitcoin casino came in 2011, now you see a difference. To run any business you need a big bankroll, more you have easier it is, you need to invest in security, casino bankroll to attract big players, marketing, games, if you do everything in the right way you can make profitable business. I agree that major casinos are making money, but there are a lot of small ones who are trying there best to grow. In my time here I have seen many casinos come and go, but some casinos last for years and they will be here in the future.

[Dread Pirate Roberts]

Making gambling websites there are many decisions that you will face. Are you ready for a loss factor at the beginning or can website security be guaranteed? because everything is done automatically and if security is not optimal, there will still be potential hacking cases. make sure you have an experienced developer team. make sure the budget and preparation are done carefully. Will it make profit? so far more gambling websites have profit compared to losing. and also capital will be very important in this part.

[MinerHQ]

Such information will never be announced and nobody will say how much money gambling sites make. But taking in view that such kind of business is blossoming I can say that it's big money with low investments.

The money will not come so easily because if one can make a big money with low investment then a lot of people would have opened casinos instead of gambling. Every business has its own risks and competition so if you want to succeed then you should overcome those issues first. You need a good team, money and marketing knowledge to survive in this competitive business to make money otherwise you may not make so much money.

[batang_bitcoin]

Such information will never be announced and nobody will say how much money gambling sites make.

If there are casino owners who are willing to disclose how much they make or someone who worked for before.

But taking in view that such kind of business is blossoming I can say that it's big money with low investments.

It's a booming industry but to say that it needs a low investment, I'll disagree with you. Considering those bankroll investments, don't include them. Casino owners/team are investing such large amount of money to establish their casino's and it's not that easy to make their name pop in the market, it takes time and money to do.

[KryptoW99]

They should be... Any kind of gambling does not go on loss...
Also there are numerous expenses in the system behind the screen.

By the way as 'vintages' said "It depends on what you call good money"

[Nanot]

And is it worth trying to recreate one? I would imagine it's already too saturated. Either way, I was mostly curious about how much these guys actually make (margin-wise). If anyone had some insight on this, I'd love to hear.

Creating a portion of gambling to make good money. That was so easy when you want it to do. You can create tactics in a good way without cheating others so that you can make money so good and be a peace maker . a good gambling is leads into the good flow of game. Thier will be no argue in any aspects.

[jagdeepjd]

And is it worth trying to recreate one? I would imagine it's already too saturated. Either way, I was mostly curious about how much these guys actually make (margin-wise). If anyone had some insight on this, I'd love to hear.

They make a huge amount of money this is for sure. But I am talking about the ones who have managed well and earned reputation from its users by being good at deposits withdrawals and in-game giveaways and bounties.
But the idea of creating one is a very risky one it's not as easy as one thinks of it. You need a lot of capital and a team to run it smoothly.

[Betwrong]

And is it worth trying to recreate one? I would imagine it's already too saturated. Either way, I was mostly curious about how much these guys actually make (margin-wise). If anyone had some insight on this, I'd love to hear.

Creating a new gambling site isn't a bad idea but be sure that the game you would launch is somehow unique which it can possible get a piece of share of the entire gambling industry of crypto and yes,it might be saturated but still always a chance but if you would just stick into games like Dice/sports/casino games then its better not to proceed at all.If you do try to look up on the current competition in the market then it would really really be tough.

I agree. Indeed the market is saturated with sites providing the games you've mentioned and the only possible way to stand out is creating an extraordinary second to none site for which huge amounts of money will be required. I'm talking of millions of USD. It's possible that you will be making money eventually, but it's almost impossible to raise the initial capital for that.

From what I know there's only one field of online gambling were it is still possible to create something which will be in demand among gamblers. It is poker. With the recent closing of poker section by established gambling sites a niche has been created and I constantly see like poker fans play on crappy sites just because they love the game. I'm talking about poker tournaments and table games where people can play against each other, not about video poker which is more like a slot game to me.

[xIIImaL]

How come? this gambling platform is the place you can have entertainment or sometime as the marketplace enjoyment mate. I see the investors are really like to go with the gambling site. There will be perfect way than the gambling to invest and make but they do not look for it.

If you see the people invest on gambling. Then like to invest with the greediness or craze they have on it.

[Findingnemo]

They should be... Any kind of gambling does not go on loss...
Also there are numerous expenses in the system behind the screen.

By the way as 'vintages' said "It depends on what you call good money"

Most of the expenses came from their promotion on the various platforms but it is very rare that a gambling site will meet the loss unless the owner just take all the money and left the bank roll nothing,the only way to improve the profits by making more people to play on their sites.

[Janation]

They should be... Any kind of gambling does not go on loss...
Also there are numerous expenses in the system behind the screen.

By the way as 'vintages' said "It depends on what you call good money"

Most of the expenses came from their promotion on the various platforms but it is very rare that a gambling site will meet the loss unless the owner just take all the money and left the bank roll nothing,the only way to improve the profits by making more people to play on their sites.

The promotions are also important since the more the gamblers gambling in the site, the more they can earn. I think owners of gamblers should really put some budget on promoting or advertising their site.

In cryptocurrency gambling sites, this forum is a quite common to advertise their gambling sites since most of the owners of cryptocurrencies likes to gamble, with this, they earn a lot of money.

[Ranly123]

And is it worth trying to recreate one? I would imagine it's already too saturated. Either way, I was mostly curious about how much these guys actually make (margin-wise). If anyone had some insight on this, I'd love to hear.

Which site do you typically try to do gambling? Of course if it's an online casino, it will depend on how reliable the site is and on how lucky you are to win games.