Duelbits.com|Casino Sportsbook & Predictions!| Loss back & VIP|Instant Withdraws

[Numeral]

While it is true that I am speculating, it can also be said that you are speculating too since none of us actually know what is going on behind the scenes with their team in recent times basically.

The sudden blocking of so many players from their tournaments along with canceling a long running campaign in this forum hint that all is not well with their site and no one can tell for sure whether they will bounce back or keep falling.

Yeah, I'm guessing and speculating too. Some issues are probably being solved behind the scenes right now, perhaps the current peculiarities of tournaments. And so on the site clients continue to go and play, everything is functioning, there have been no official statements from the Duelbits team regarding the presence of problems or their absence. But, if you think logically, such a large project can survive any adversity, if these adversities really were. This is not a centralized cryptocurrency exchange, the business model of gambling platforms is completely different. In this sphere of activity, profits are very large and at the expense of them it is possible to pay off any costs. 

[Ambatman]

The management of duelbits needs to step forward and address the issues or concerns of their community, this is one of the longest standing casinos on this forum and they should know better, it is true they may likely be hard at work trying to come up with something new, but then, 5, 10 or even 20 minutes isn't too much for someone in the team to spare and reply to users concerns on this thread, little things like this go a long way but some business usually neglect it believing it's not as important.

I realised this peculiarity last month or two that the support in Bitcointalk isn't really active
Though their name represents and shows trust not to mention the impact the campaign manager has made
It wouldn't hurt to see them active
To be sincere, the amount I deposit in any casino is influenced by the activeness of the support on BTT
And the campaign manager.

[kalexsuao]

I think you guys, especially the non gamblers in this forum, are overestimating how much revenue Duelbits generates. While it is true casinos are always profitable against players in the long run, their profit margin is very thin online. Taking Duelbits for example, for the average gambler who plays a good mix of slots (4% house edge) and table games (0.5%-1% house edge), their overall house edge is probably somewhere around 2%. After all bonuses/rakeback/lossback however, this number is closer to 1%, meaning 1M wagered will produce about 10k profit for Duelbits. If you take a look at the daily and weekly leaderboards on Duelbits, they probably get 10M wagered per week as a very optimistic measure judging by the top 10 in the weekly leaderboard, which falls off very quickly, which means 100k NGR (net gaming revenue). Keep in mind the top wagerers probably play a much higher percentage of table games vs slots, so this is a very optimistic estimate for Duelbits.

Out of this 100k, they have to pay 10k for the weekly lb, 5k x 7 = 35k for the daily lb. That's already 45k gone, leaving 55k left. This is not even accounting for the tournaments that they stopped running recently. Then there's the costs of staffing, providers (which is at least 10-20% of NGR based on stats from other casinos), marketing (streamers, twitter, bitcointalk, etc). Duelbits is barely profitable with the wagers they get and the promotions they run. I would even say they are losing money overall, which is probably why all this is happening. Someone also said Duelbits has not fallen off in terms of deposit numbers and wagers. This is not true. 1-2 years ago they got 5-10 times as much wager weekly. Their top whales all quit the site for some reason early last year, which was the start of the downfall of Duelbits.

I reckon they have been losing money for quite a while (which they can afford to since before last year they have had very profitable years) and were hoping the promotions and tournaments would pick up activity for the site (which didn't happen), but now they are ready to call it quits and cut back on costs.

[Numeral]

Taking Duelbits for example, for the average gambler who plays a good mix of slots (4% house edge) and table games (0.5%-1% house edge), their overall house edge is probably somewhere around 2%. After all bonuses/rakeback/lossback however, this number is closer to 1%, meaning 1M wagered will produce about 10k profit for Duelbits. If you take a look at the daily and weekly leaderboards on Duelbits, they probably get 10M wagered per week as a very optimistic measure judging by the top 10 in the weekly leaderboard, which falls off very quickly, which means 100k NGR (net gaming revenue). Keep in mind the top wagerers probably play a much higher percentage of table games vs slots, so this is a very optimistic estimate for Duelbits.

As far as I understand it, here is a hypothetical statistic of a user who plays perfectly. Many people who play in casinos do not even think about such things. They just pick any games they like and play them according to their intuition. You're talking about a “good mix of slots”, which is a concept for advanced players. A lot of people just go in and drain their deposit with no bonuses, no cashback. They just come in, spend the game balance and leave. First of all, to assume how much earns casino, you need to understand what categories of users play there, what percentage of advanced players or bonus-hunters, what percentage of amateurs, what percentage of those who do not need bonuses, and is important only the process of the game. 

Someone also said Duelbits has not fallen off in terms of deposit numbers and wagers. This is not true. 1-2 years ago they got 5-10 times as much wager weekly. Their top whales all quit the site for some reason early last year, which was the start of the downfall of Duelbits.

I mentioned above the open statistics from SimilarWeb for January, February and March. So, based on it, there was even an increase in traffic. What was 1-2 years ago was out of the question.

[Haunebu]

I mentioned above the open statistics from SimilarWeb for January, February and March. So, based on it, there was even an increase in traffic. What was 1-2 years ago was out of the question.

Similarweb gives an idea, but doesn't tell the whole story. I have seen sites there with millions of visitors failing and sites with just a couple of thousands of visitors succeeding. Other reference points are needed for the full story.

Fact of the matter is that Duelbits is not as popular as it once was and these changes prove that though no one apart from their team knows about their current P/L statistics.

[Numeral]

I mentioned above the open statistics from SimilarWeb for January, February and March. So, based on it, there was even an increase in traffic. What was 1-2 years ago was out of the question.

Similarweb gives an idea, but doesn't tell the whole story. I have seen sites there with millions of visitors failing and sites with just a couple of thousands of visitors succeeding. Other reference points are needed for the full story.

Yes, SimilarWeb service does not give a complete picture, because its software is not installed on the server, where the analyzed site is located, and therefore does not have accurate statistics on site visits, as, for example, Google Search Console service, which will give statistics on each visit, but this information is only for the owners or representatives of the site itself and it is not public. But SimilarWeb is still good for some benchmarks on attendance, it is the picture of traffic for large sites recently it does not distort very much, but as for the geolocation of users, there are often problems, perhaps because we live in times of active use of VPN-services.

[Mahdirakib]

I reckon they have been losing money for quite a while (which they can afford to since before last year they have had very profitable years) and were hoping the promotions and tournaments would pick up activity for the site (which didn't happen), but now they are ready to call it quits and cut back on costs.

The promotional team of Duelbits is responsible for all these things. Believe it or not, most of the promotions of Duelbits have given sure profit to the users. The terms of their promotions were too easy. Where most other casino looks into the probability of revenue before running a promotion. Perhaps, Duelbits team have observed all these things too lately, which has affected their revenue badly.

[Eternad]

I reckon they have been losing money for quite a while (which they can afford to since before last year they have had very profitable years) and were hoping the promotions and tournaments would pick up activity for the site (which didn't happen), but now they are ready to call it quits and cut back on costs.

The promotional team of Duelbits is responsible for all these things. Believe it or not, most of the promotions of Duelbits have given sure profit to the users. The terms of their promotions were too easy. Where most other casino looks into the probability of revenue before running a promotion. Perhaps, Duelbits team have observed all these things too lately, which has affected their revenue badly.

This legit especially their big event such as Easter, Halloween, Christmas event that usually rewards users with cash drop without wagering requirements and other rewards such as free bet and free spin.

Although the recent years they gradually change their mechanics to challenge type that requires more wagering to claim the prize which gives a hint that they already starting to become less generous on their promotion.

I think they are cutting cost now on their marketing because they already have good amount of active players that loyally playing.

[panjul07]

I reckon they have been losing money for quite a while (which they can afford to since before last year they have had very profitable years) and were hoping the promotions and tournaments would pick up activity for the site (which didn't happen), but now they are ready to call it quits and cut back on costs.

The promotional team of Duelbits is responsible for all these things. Believe it or not, most of the promotions of Duelbits have given sure profit to the users. The terms of their promotions were too easy. Where most other casino looks into the probability of revenue before running a promotion. Perhaps, Duelbits team have observed all these things too lately, which has affected their revenue badly.

I think so, their weekly tournament both the original and slot tournaments that they have been discontinued seems to be giving more edge to the participants than to the house.
Surprisingly they have done it for few months, their promotional team should be the one to be blamed if the tournaments make them lose much money as they should have stopped it earlier if they realized that the tournaments were not good for their bankroll.
Unfortunately what they did is not evaluating their tournament and make a change, but they sacrifice their players who are regularly making profit from the tournaments.

[Numeral]

This legit especially their big event such as Easter, Halloween, Christmas event that usually rewards users with cash drop without wagering requirements and other rewards such as free bet and free spin.

Although the recent years they gradually change their mechanics to challenge type that requires more wagering to claim the prize which gives a hint that they already starting to become less generous on their promotion.

In general, now is a difficult time for many people from an economic point of view, it is worth remembering just what literally recently was the market, it is now we see the positive, and not so long ago some people were just decadent moods. So it makes sense that when everyone was doing well economically, the promotions were much more generous. And now people are used to fancy bonuses and are already resentful when they are made more modest.

I think they are cutting cost now on their marketing because they already have good amount of active players that loyally playing.

Yes, perhaps marketing costs are being reduced, but it is more likely that this was a consequence of the economic crisis, rather than it is done due to the fact that the customer base is already wide.

[Taskford]

I reckon they have been losing money for quite a while (which they can afford to since before last year they have had very profitable years) and were hoping the promotions and tournaments would pick up activity for the site (which didn't happen), but now they are ready to call it quits and cut back on costs.

The promotional team of Duelbits is responsible for all these things. Believe it or not, most of the promotions of Duelbits have given sure profit to the users. The terms of their promotions were too easy. Where most other casino looks into the probability of revenue before running a promotion. Perhaps, Duelbits team have observed all these things too lately, which has affected their revenue badly.

I think so, their weekly tournament both the original and slot tournaments that they have been discontinued seems to be giving more edge to the participants than to the house.
Surprisingly they have done it for few months, their promotional team should be the one to be blamed if the tournaments make them lose much money as they should have stopped it earlier if they realized that the tournaments were not good for their bankroll.
Unfortunately what they did is not evaluating their tournament and make a change, but they sacrifice their players who are regularly making profit from the tournaments.

Well somehow there maybe a basis on those thing since this situation like excluding people to join in their tournaments would provably not gonna happen if there's they are fine or still gaining profits.

But its to bad for them for losing a lot of money from their tournaments since they could see it earlier and do some action if they are not gaining anything. Then see what happen they starting to create certain troubles due to confusions and other things due to this situations.

That's why they need to step up and do something to make people feel that they are still playing in a reputable casino.

[kalexsuao]

Taking Duelbits for example, for the average gambler who plays a good mix of slots (4% house edge) and table games (0.5%-1% house edge), their overall house edge is probably somewhere around 2%. After all bonuses/rakeback/lossback however, this number is closer to 1%, meaning 1M wagered will produce about 10k profit for Duelbits. If you take a look at the daily and weekly leaderboards on Duelbits, they probably get 10M wagered per week as a very optimistic measure judging by the top 10 in the weekly leaderboard, which falls off very quickly, which means 100k NGR (net gaming revenue). Keep in mind the top wagerers probably play a much higher percentage of table games vs slots, so this is a very optimistic estimate for Duelbits.

As far as I understand it, here is a hypothetical statistic of a user who plays perfectly. Many people who play in casinos do not even think about such things. They just pick any games they like and play them according to their intuition. You're talking about a “good mix of slots”, which is a concept for advanced players. A lot of people just go in and drain their deposit with no bonuses, no cashback. They just come in, spend the game balance and leave. First of all, to assume how much earns casino, you need to understand what categories of users play there, what percentage of advanced players or bonus-hunters, what percentage of amateurs, what percentage of those who do not need bonuses, and is important only the process of the game.  

Someone also said Duelbits has not fallen off in terms of deposit numbers and wagers. This is not true. 1-2 years ago they got 5-10 times as much wager weekly. Their top whales all quit the site for some reason early last year, which was the start of the downfall of Duelbits.

I mentioned above the open statistics from SimilarWeb for January, February and March. So, based on it, there was even an increase in traffic. What was 1-2 years ago was out of the question.

There is no strategy when it comes to gambling. It's a game of math. The house edge is the same regardless of how much risk and what slots they choose to play. The playing strategy merely changes their variance, not their EV.

Casino earns theo (house edge times wager), which is basically their EV against players, in the long run. Some get lucky, some don't (for example kingbj who showed his stats is clearly running below EV), but over the long run casinos just make theo. This is just math.

As for Duelbit's traffic, as someone mentioned above, SimilarWeb is not really a reliable source. You can, however, track their hot wallets for total deposits over time using this site: https://tanzanite.xyz/analytics

[Numeral]

You can, however, track their hot wallets for total deposits over time using this site: https://tanzanite.xyz/analytics

On this service, too, the statistics is not complete, you can only see the deposits that were sent in cryptocurrency in Ethereum, Solana, Tron, Binance Smart Chain. There is no Bitcoin, which may have more deposits than other cryptocurrencies. Also, there are no card payments, and this is also not less important way to deposit. And from what we have on this service, the chart for the last year is stable. Yes, in some periods there were less deposits, in some periods there were more, but I do not see any serious failures over the last year in deposits. 

[Eternad]

I think they are cutting cost now on their marketing because they already have good amount of active players that loyally playing.

Yes, perhaps marketing costs are being reduced, but it is more likely that this was a consequence of the economic crisis, rather than it is done due to the fact that the customer base is already wide.

You’ve got a valid point here. Perhaps you’re right since they gradually do this reduction on bonus in multiple years not in single blow.

I don’t blame them since they are spending much on big partnerships and generous bonus for many years. The only thing we can do now is to speculate while they are still not active here.

But I hope they will come back soon now that Bitcoin is starting again a positive move.

[Numeral]

[But I hope they will come back soon now that Bitcoin is starting again a positive move.

In general, the market situation is leveling off, people who were worried about losing a lot of money due to the fall in the exchange rate can finally relax. I believe that this is a favorable ground for new deposits in casinos, their volume should increase. And with that, Duelbits will do even better, so we can only look forward with optimism.

And as for bonus programs, it is essentially gifts to customers, in this regard, the gaming platform does not have any obligations. That is, it wants to give a lot of money, it wants to give less. But it doesn't mean that in the future there can't be a surge in bonus offers.

[TopTort777]

Those who were curious that tournaments have gone and would no longer be running - hours ago new tournament has started. Default weekly tournament with familiar rules. In addition Duelbits signature campaign has returned. Seems that they have reconsidered results and restarted everything Anyway, gl hf.

[Taskford]

Those who were curious that tournaments have gone and would no longer be running - hours ago new tournament has started. Default weekly tournament with familiar rules. In addition Duelbits signature campaign has returned. Seems that they have reconsidered results and restarted everything Anyway, gl hf.

Maybe some people think its gone totally since Duelbits still running despite of those past troubles happen to some competitive tournament joiners.

But they can always check their latest promotions here https://duelbits.com/en/promotions especially to those people seeking something new running promotions happening in their casino. Somehow its good that their campaign is back even if they have few participants compare as before since its still good that their presence still here and we could see them still competing with other top crypto casino in Bitcointalk.

[panjul07]

Those who were curious that tournaments have gone and would no longer be running - hours ago new tournament has started. Default weekly tournament with familiar rules. In addition Duelbits signature campaign has returned. Seems that they have reconsidered results and restarted everything Anyway, gl hf.

Only one hope here, it is not seeing other complaints from users who get banned or excluded from their promotions because the users make profit regularly from the tournaments.
I will be more surprised if duelbits will bring back the same slot tournaments too without changing the terms and/or the rules.
The original tournament is more reasonable because the min bet is more than 2x of the slots tournament while the prizepool is half of the slots tournament.

[TopTort777]

I hope that those who had troubles with tournaments would get more detailed answers for being excluded. Its is strange and unpleasant to see negative experience, and most surprising that is happens only on Duelbits. Other casinos also run tournaments, I wish users who had troubles with Duelbits, participate in them and share new experience. Still that general "ToS violation" as reason looks like simply kicking out.

[kalexsuao]

My CG case against Duelbits is finally reopened: https://casino.guru/duelbits-casino-player-s-account-has-been-closed-without

Let's see what comes of this. They have been silent here, but I think they will respond in the CG case.