Topic: 1 - The copycat epidemic within crypto casinos. - page 5. (Read 3232 times)

I think the main problem for gamblers with those sites, assuming as you say that they aren't trying to phish their customers, is that many gamblers love variety in the games and user interfaces they're using as that is part of the fun of playing in another casino, but when you know already where everything is placed as that casino is just a copy of another one then suddenly you miss any chance of novelty you may have had, and in the process this denies any reason to gamble at that casino in the first place.

Building up a reliable and good reputation in the crypto gambling sector is very hard and requires a lot of time and money. When potential new casinos look at the market, they only see the existing big casino names and how profitable they are. Given the large number of copy cats it seems that the newcomers try to reach the same market shares only by copying their business model. This is not a guarantee and we see many casinos fail in their early startup stages. It would be more helpful to look at the crypto casino market as a whole and also analyse why so many casinos fail. To take away market shares from the leading casinos you need to offer more than casinos offer today. Without an incentive to switch the casino will struggle to find new customers. But offering better deals for new customers will reduce profitability and it will take longer for casinos to reach a break even point. A big factor in new casinos is the trust rating, older casinos build up trust from gamblers over years. Whereas new casinos are struggling to convince gamblers that they are legit. It takes time for new customers to build up confidence in a new casino. I think that many gamblers will try out new casinos only will small amounts until they are convinced that the casino is legit. New casinos need to anticipate that period.

I agree with you.

Again, choosing a gambling casino is like going/visiting to your favorite restaurant or store. It is all about brand-building where you develop a trust between your customers over the positive feedback and service that you provided. Sure, some gambling casinos might copy the design of Stake or its system but if they fail to meet the needs of their customers, they will not be preferred.

Like what I also previously mentioned, gambling casinos have to develop this certain relationship where a fiduciary trust must be developed. That is why, customer support is very essential between the player and the gambling website in solving their respective issues.

Its not overacting but rather a common impression which even myself would really be having those kind of thinking and views about sites which does have the same vibe and design.
Copying is never been good.They might have able to have some changes or applications but its not something that you cant notice specially if you have seen this on the market for long.
I dont know on why copying is not something appealing in the eyes even if they do put up some additional games or changes but it cant really be removed on someones
mind that you have been copying others.

It is clear that people are overreacting on the copycat situation, if it is not a phishing attempt, then finding casinos with just a little bit of design difference but generally the same thing would be going on for sure. I mean I know a lot of casinos that just copied the system of stake, and did their own version of it but none of them are even remotely close to it.

This is why I highly doubt that stake is worried about any copycats. That is why if you are a good casino then you have nothing to worry about. I personally do not worry about any of this as a gambler because I know which ones are good and I only gamble in those ones without a worry.

Differenciation in general is difficult to find everywhere. It would seem that everything is now created to satisfy and algorithm that makes everything out there, including casinos but also all websites, all videos and even movies look pretty much like each other. It is like the guy who said that if people want to buy Coke, I am not going to sell them Pepsi. It kills innovation.

almost everyday or every week there is a new gambling site that had been promoted here and this is one big step for the businesses, but you are correct being active and staying long is the problem.
every business is an open industry but the competition is the only problem because  staying strong will be their enemy here.
 time , money and Knowledge , and the team behind in which will bring them to popularity and success .

lol you are completely wrong , real gamblers stands  in checking the site first deeply and closely before considering to deposit and play.

do you really understand crypto gambling ? or i mean online gambling ? the more trustee it gets is the more we tend to play and how can you trust a casino that had copied their whole site from others ? i mean how can you trust a site that has no capacity in spending  money to create their own or pay someone to do the job?

As a business owner then getting some ideas or samples from your competitors wont really be bad which it would be just right that you wont really be copying out entirely because that one would create that

bad impression because copying originals is never been good.Instead on getting positive feedbacks you would rather get negative.In case you had just snipped out some features or design but at least you should

really consider on having up some changes at least so that it wont really be looking the same because the community doesnt really love to see copycats.

Also, let us accept that most businesses really don't start from scratch.
They copied from somewhere but it is how they develop their platform that will give them the edge among competitors.
It is not wrong to copy but it is how you continuously innovate to improve your services according to the demand of your players.
This is where we will see how sincere the business owners are, to what extent they can provide services to their clients.

I like the OP's two last sentences which are absolutely true...
1. In as much as many businesses hate competition and see it as a threat to their business success, competition is still very important and necessary since that is what makes customers get their money's worth of service or goods.

And it is also said that technology is moving fast, and any business that fails to move with it will get left behind.

2. This one is also very true,  and I believe the reason why some of this casinos copy the others is because of lack of passion for what they do.
A business started out of passion always finds its way to the top because the business owner is passionate about his business and that passion helps bring new idea of ways to introduce something new.
But when a business lacks passion, the business owner also lacks power and ideas that will grow the business, at the end of it all. He or she ends occupying from others instead of creating something unique to that business..

If your main motivation to gamble is to make profits then the only thing that I can say to you is that you're going to get really disappointed if that's the case, casinos give us a platform in which we can enjoy casino games safely without worrying about getting scammed, obviously this is only true in the casinos that have shown to care about their reputation, and that has a cost, otherwise those casinos will disappear soon after they are created, and this means they have to give themselves an edge which makes it mathematically impossible for the player to win.

How would you do that considering all of those are Curacao based casinos? That’s the beauty of the grey business… pure competition, nowhere to complain about intellectual property. You get as far as how inventive you are

Don't you think there's a need to avoid and counter those involved in the act of copycats to face a legal suit because they can tarnish a reputation without minding the cost since it takes them nothing to loose than achieving their dubious desires on newbie gamblers, this is an act that should be discouraged in it entirety because no one will ever eant to see a pirate copy of his achievements and success taken by another one and spoil their reputation, dont be surprise that they may even make it alot than the original casino gambling sites with a reasonable number of patronage.

Casino these days is to large extent a branding exercise. Content is usually a commodity, e.g. casino games are almost always the same, e.g. pragmatic, evolution, netent, hacksaw, etc.

In betting a bit more complicated story, but the mainstream is the same – odds are a commodity provided by a couple of companies, e.g. betradar, betgenius and a handful of smaller providers. Bookmakers work with template odds, risk management and risk exposure to calibrate the product per segment of players, market, and so on. Betting allows broader options to play with the interface

In these conditions it is like a vodka business: same stuff inside, but a different bottle, label, legend, and pricing niche

From the perspective of running a casino, there are several factors

a)   Niche. You can be mainstream or niche, for example, focus on esports
b)   Customer service. Good quality support – means better player retention
c)   Selection of games, ability to integrate game providers
d)   RTP config. Not all allow to configure, but many do
e)   Advertising is a huge factor. If you are good operationally and product, but no one knows you – usually a failure.
f)   Bet limits, e.g game risk exposure
g)   Bonusing, vip schemes, and optionally gamification can make a big difference
h)   Usability of the casino site
i)   Speed of cashouts
j)   Stability and integrity of the technical platform
k)   Business intelligence – knowing how to offer the right stuff to the right customers. This is a complicated one and a lot of casino managers have neither skills nor tools
l)   Blockchain specific stuff: tokenomics, nfts – could be a good idea to play around with that


But in general, in this industry, there is a lot of fuss about lack of innovation and yet outside of 10s of thousands of business participants in the gambling industry, there are 1-2 notable innovations every 2-3 years.

It is easy to spot that there is a lack of innovation, it is even easier to promise, but very hard to deliver. A bit of playing around with brand and interface is not an innovation, rather good branding. And globally this is somewhere between $500B – $1T industry in revenue annually, so there is no lack of people and funds. Anyways, all the best to OP and I truly hope you will succeed!

I believe that there are many gamblers who will just play even the site has no fraud cases unless they dig deeper about that site.
Like me? I will look into the sites first before depositing.
that is different from what we are doing , not because there are no trouble I will completely trust the casino.
difference is ok and similarity is ok , but not completely the same to what the others.

There's a lot of things that make a casino successful and being unique is just one of them, but one of the lest important ones, which is why businesses are copying each other. It's much harder to get players to pay something new that requires some effort to learn. People are lazy and they often prefer to play a relaxing round of the good old than learn something and painfully find out they're bad at it.
People know that it takes time and money to get good.

The more important things that make a casino succeed are good advertising, a lot of money to throw away, an appealing graphics and good reviews (often paid).

^That is why being a unique gambling casino would be better than a copycat gambling casino.
Every kind of business has competition and the more you are different from others people would love to explore and experience other features that you have even though the mechanics of the games are almost the same at least you are different from others. A gambling casino that has its own developers would be better than buying a script that has already made it possible there are similarities to other gambling casinos.

Globalization has really affected almost all aspects of our lives, this is now true not only for casinos or businesses in general but also for people, now you are competing not only against the people that went to school with you, you are competing against people from all over the world, but as you say in order to be a winner in that race you do not have to be so above the competition, because that is very difficult, you only need to be a slightly better option and that will be more than enough to beat the majority of your direct competition.

It shouldn't necessarily be "much much" better. Imo, just slightly better would be enough to win the competition. It wasn't like this before the Internet because living in one part of the world people had had little to no idea of what's going on in other parts, and even if they knew about something being better in other country, they couldn't use it. So, indeed, you had to have something much much better to draw the attention of potential customers from other countries. Now you can just copy something nice, improve it a little, and you are the winner.