Quote from: Numeral on April 23, 2025, 07:17:23 AM

Quote from: kalexsuao on April 23, 2025, 01:44:33 AM

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.

Quote from: kalexsuao on April 23, 2025, 01:44:33 AM

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