BetABit.Casino - Share Your Thoughts - page 14.

Betabit.casino

newbie

Activity: 43

Merit: 0

Quote from: AmoreJaz on October 16, 2021, 03:18:00 PM

Quote from: Betabit.casino on October 16, 2021, 02:58:20 PM

Question regarding liquidity is a good one. I have been investing in various cryptos for the last 10 years. My current bank roll is close to 10 bitcoins.

However understanding the nature of a casino, you will realise that the chance the you will deposit $1000 off the bat, bet one max bet spin on a slot wheel and hit the jackpot is rather unlikely, however there is liquidity there and I would pay it.

However I am am sure by that point that there will be some unfortunate players that lose in order to pay the players that win. Just like buying and selling with trading. All the concepts are the same, there has to be a winner and a looser.

The casino takes the slice in the middle, just like an exchange or bank, its fair and everyone is happy.

Not sure why any casino or financial site should just be expected to hand out free money to everyone!

All in all I can't please everyone, but in order to make an honest review, people should back there comments with trying out the site instead of just name calling.

just curious here, is this a one-man project?

by the way, i agree that people should not judge this casino as early as now as no complaint yet for any withdrawal or anything. but why is it only in btc when you withdraw while you accept several alts for deposits? why not a player can withdraw also the same alt as what he deposits? i think it is unfair to the player if he will deposit in TRX and then withdraw in BTC, because the fees in BTC is quite expensive as compared to TRX? just saying...

https://i.imgur.com/60aqFC7.png
https://www.betabit.casino/pages/Faqs

Regarding withdrawing in Bitcoin, i use coinpayments.net for the transactions and the api im using seems to only pay in bitcoin, no other reason unless anyone out the can help me adjust the api differently to allow for different currency withdrawals.

Yes currently one man, however I do have a service team ready and available for support should it grow. To be honest though, once everything is set correctly and faqs page is finished, everything should practically run by itself. Maybe would need a couple of guys offering support via email, not sure. Obviously if there was a massive spike then I would have to take a more structured approach regarding employees.

AmoreJaz

legendary

Activity: 3122

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: Betabit.casino on October 16, 2021, 02:58:20 PM

Question regarding liquidity is a good one. I have been investing in various cryptos for the last 10 years. My current bank roll is close to 10 bitcoins.

However understanding the nature of a casino, you will realise that the chance the you will deposit $1000 off the bat, bet one max bet spin on a slot wheel and hit the jackpot is rather unlikely, however there is liquidity there and I would pay it.

However I am am sure by that point that there will be some unfortunate players that lose in order to pay the players that win. Just like buying and selling with trading. All the concepts are the same, there has to be a winner and a looser.

The casino takes the slice in the middle, just like an exchange or bank, its fair and everyone is happy.

Not sure why any casino or financial site should just be expected to hand out free money to everyone!

All in all I can't please everyone, but in order to make an honest review, people should back there comments with trying out the site instead of just name calling.

just curious here, is this a one-man project?

by the way, i agree that people should not judge this casino as early as now as no complaint yet for any withdrawal or anything. but why is it only in btc when you withdraw while you accept several alts for deposits? why not a player can withdraw also the same alt as what he deposits? i think it is unfair to the player if he will deposit in TRX and then withdraw in BTC, because the fees in BTC is quite expensive as compared to TRX? just saying...

https://www.betabit.casino/pages/Faqs

Betabit.casino

newbie

Activity: 43

Merit: 0

In fact, you actually have me thinking that maybe its a good idea to lower the maximum bet amounts to a more reasonable level so that my bank roll can keep healthier.

I think perhaps a $250 max bet is more reasonable as opposed to $1000?

Betabit.casino

newbie

Activity: 43

Merit: 0

Question regarding liquidity is a good one. I have been investing in various cryptos for the last 10 years. My current bank roll is close to 10 bitcoins.

However understanding the nature of a casino, you will realise that the chance the you will deposit $1000 off the bat, bet one max bet spin on a slot wheel and hit the jackpot is rather unlikely, however there is liquidity there and I would pay it.

However I am am sure by that point that there will be some unfortunate players that lose in order to pay the players that win. Just like buying and selling with trading. All the concepts are the same, there has to be a winner and a looser.

The casino takes the slice in the middle, just like an exchange or bank, its fair and everyone is happy.

Not sure why any casino or financial site should just be expected to hand out free money to everyone!

All in all I can't please everyone, but in order to make an honest review, people should back there comments with trying out the site instead of just name calling.

samcrypto

sr. member

Activity: 2044

Merit: 314

Vave.com - Crypto Casino

Quote from: panjul07 on October 16, 2021, 01:47:22 PM

Quote from: Betabit.casino on October 16, 2021, 07:26:48 AM

Thanks for all your comments so far, you have all given me plenty to think about.

Faqs page now created as requested

https://www.betabit.casino/pages/Faqs

As per your FAQ page, you have max bet amount limit $1,000.
Does the multiplier/payout matter? Do you let users bet $1,000 and win x500 on slot which will be worth $500,000 win?
If you can cover that high amount, I wonder how much is your bankroll?
If you have huge bankroll, then I wonder why do you chose to buy this cheap script?

This is a good question, asking a new gambling site about their capability to pay players who won huge amount of money, and this will be depend on the fairness of this site. Does anyone here already try to gamble on their site? It looks normal to me and its good that you gamble here anonymously, is there any chance that you’ll ask for KYC later on?

panjul07

legendary

Activity: 3500

Merit: 1354

Quote from: Betabit.casino on October 16, 2021, 07:26:48 AM

Thanks for all your comments so far, you have all given me plenty to think about.

Faqs page now created as requested

https://www.betabit.casino/pages/Faqs

As per your FAQ page, you have max bet amount limit $1,000.
Does the multiplier/payout matter? Do you let users bet $1,000 and win x500 on slot which will be worth $500,000 win?
If you can cover that high amount, I wonder how much is your bankroll?
If you have huge bankroll, then I wonder why do you chose to buy this cheap script?

decodx

hero member

Activity: 1456

Merit: 940

🇺🇦 Glory to Ukraine!

Quote from: RILWAN on October 16, 2021, 09:06:29 AM

Quote from: Betabit.casino on October 15, 2021, 08:23:50 PM

<...>

Members will still have mixed feelings about your site even with your present deposit and withdrawal condition, $100 minimum deposit and withdrawal is still on the high side, I will suggest you lower it no deposit or withdrawal condition to attract new players to your site since you are new.

Yes, I agree. At least that is what I would do for now to increase the number of users at the site. Lowering the minimum deposit and withdrawal amount will allow players to test the website without risking significant funds.

RILWAN

member

Activity: 742

Merit: 12

Global peace initiative

Quote from: Betabit.casino on October 15, 2021, 08:23:50 PM

Quote from: naim027 on October 15, 2021, 07:47:11 PM

Just look Like A regular Scam Website. You Just Installed a script from Codecanyon. And Providing 1100 Points On Sign up to New Players, which is worth $1096 (According to Your Site). The Interesting thing is, In order to Withdraw, You asked players to deposit at least 250 Points which is worth $245. Claps For Your Nice Attempts. Please Hire Professional Scammers. Thank You

Thank you for highlighting the withdraw amount discrepancy error - this has now been updated and minimum deposit and withdraw are set to $100 - 100 credits.

Bonus is now reduced to 500 on signup

100 for email confirmation.

Thanks

Members will still have mixed feelings about your site even with your present deposit and withdrawal condition, $100 minimum deposit and withdrawal is still on the high side, I will suggest you lower it no deposit or withdrawal condition to attract new players to your site since you are new.

agustina2

legendary

Activity: 2436

Merit: 1008

Can't comment now about the actual experience. Let's see while the site is progressing.

As far as the deposit requirements are concerns, there are some cases in the past wherein scam sites ask for required deposits before the withdrawal. Users should be free to withdraw without another deposit on top of their usual deposits. If that's about promotions or bonuses, a wagered requirement is enough but should also be realistic to achieve.

Tumanggor

full member

Activity: 1050

Merit: 109

1xBit.. recovered their reputation

Quote from: Betabit.casino on October 16, 2021, 07:26:48 AM

Thanks for all your comments so far, you have all given me plenty to think about.

Faqs page now created as requested

https://www.betabit.casino/pages/Faqs

Signup bonus removed.

Quote

No. There are no sign up bonuses set on our site at this time. We believe this makes our players more flexible when it comes to withdrawals. Not giving out sign up bonuses avoids the need to create wagering requirements etc. Play with a responsible amount that you can afford. There is however 10% back on deposits over 500 credits.

hi admin, if you remove this how do you attract more registrants?
I think for a new gambling site the registration bonus can attract more players

if you guys have other strategies then that's great, I wish your site success Cheesy

Betabit.casino

newbie

Activity: 43

Merit: 0

Thanks for all your comments so far, you have all given me plenty to think about.

Faqs page now created as requested

https://www.betabit.casino/pages/Faqs

Signup bonus removed.

fortunecrypto

legendary

Activity: 2450

Merit: 1047

Quote from: Bitinity on October 16, 2021, 05:24:21 AM

Quote from: Betabit.casino on October 16, 2021, 05:06:08 AM

And regarding withdrawing the credit bonus on sign up. I'm sure that there is no casino on this earth will just hand out free money without the user making some type of deposit. I'd like to see a model like that!

Means that you have less experiences in this online gambling industry. There are many sites that lets you withdraw money from free bonuses like faucet or other giveaways without deposits. As long as the user do not do any abuse, why do you require them to deposit to withdraw the winning from the bonus? You have to learn about how to give bonus and how to avoid abuse. The most used requirement is "wagering or rollover requirement" of the bonus before users are able to withdraw.

This is something we avoid, in the past we have gambling casinos making a mandatory deposit before they allow withdrawal and they turn out to be scams, it's automated they gave you withdrawal let you play and win, and before you can withdraw they want you to deposit first, you have to differentiate yourself from this scam casinos and you have to prove that you are here to be a player in the Crypto gambling industry.

Haunebu

hero member

Activity: 3178

Merit: 977

www.Crypto.Games: Multiple coins, multiple games

Quote from: Betabit.casino on October 16, 2021, 05:41:50 AM

Perhaps I'll use the Faqs page to better explain all this, thanks for the heads up

You are completely missing the point here. Your explanations regarding the deposit requirement in the FAQ section won't solve anything since crypto gambling sites focus on wagering requirements(Not deposit requirements).

If you don't scrape the deposit requirement completely and replace it with some wagering requirement, your site will be considered a scam by everyone op.

Betabit.casino

newbie

Activity: 43

Merit: 0

Quote from: decodx on October 16, 2021, 05:34:10 AM

Quote from: Betabit.casino on October 16, 2021, 05:06:08 AM

Its a good idea to have a FAQ section, ill try getting this added asap.

And regarding withdrawing the credit bonus on sign up. I'm sure that there is no casino on this earth will just hand out free money without the user making some type of deposit. I'd like to see a model like that!

I don't think that including a deposit requirement in a promotional bonus is the best option. Such tactics are typically used by scam platforms (fake exchanges, casinos...). They will first lure you with a tempting bonus and then require a deposit to unlock the bonus.
As far as I am aware, most casinos have wagering requirements on bonuses, which is what I believe would be a better solution.

Quote from: Betabit.casino on October 16, 2021, 05:06:08 AM

Perhaps from the comments it sounds like scrapping the sign up bounus may be a better idea going forward.

Yes, perhaps that's the best option. It's not really a "Sign up bonus" if you have to deposit to receive it. You might want to research more in detail how other casinos handle this.

Perhaps I'll use the Faqs page to better explain all this, thanks for the heads up

decodx

hero member

Activity: 1456

Merit: 940

🇺🇦 Glory to Ukraine!

Quote from: Betabit.casino on October 16, 2021, 05:06:08 AM

Its a good idea to have a FAQ section, ill try getting this added asap.

And regarding withdrawing the credit bonus on sign up. I'm sure that there is no casino on this earth will just hand out free money without the user making some type of deposit. I'd like to see a model like that!

I don't think that including a deposit requirement in a promotional bonus is the best option. Such tactics are typically used by scam platforms (fake exchanges, casinos...). They will first lure you with a tempting bonus and then require a deposit to unlock the bonus.
As far as I am aware, most casinos have wagering requirements on bonuses, which is what I believe would be a better solution.

Quote from: Betabit.casino on October 16, 2021, 05:06:08 AM

Perhaps from the comments it sounds like scrapping the sign up bounus may be a better idea going forward.

Yes, perhaps that's the best option. It's not really a "Sign up bonus" if you have to deposit to receive it. You might want to research more in detail how other casinos handle this.

Bitinity

legendary

Activity: 3066

Merit: 1312

Quote from: Betabit.casino on October 16, 2021, 05:06:08 AM

And regarding withdrawing the credit bonus on sign up. I'm sure that there is no casino on this earth will just hand out free money without the user making some type of deposit. I'd like to see a model like that!

Means that you have less experiences in this online gambling industry. There are many sites that lets you withdraw money from free bonuses like faucet or other giveaways without deposits. As long as the user do not do any abuse, why do you require them to deposit to withdraw the winning from the bonus? You have to learn about how to give bonus and how to avoid abuse. The most used requirement is "wagering or rollover requirement" of the bonus before users are able to withdraw.

kotajikikox

full member

Activity: 2548

Merit: 217

Quote from: Betabit.casino on October 16, 2021, 05:06:08 AM

Its a good idea to have a FAQ section, ill try getting this added asap.

And regarding withdrawing the credit bonus on sign up. I'm sure that there is no casino on this earth will just hand out free money without the user making some type of deposit. I'd like to see a model like that!

Perhaps from the comments it sounds like scrapping the sign up bounus may be a better idea going forward.

Just take that as constructive criticism mate and just deliver the answer what they need to Hear.

This is normal for a New casino to face multiple question because the forum/members are more concern about the outcome of your business inside bitcointalk so expect more like this.

But the thing is if how you will handle to manage answering and proving they are wrong.

____________________________________________________

Welcome to Bitcointalk and Please be a Legit and worth trusted gambling site .

Betabit.casino

newbie

Activity: 43

Merit: 0

Its a good idea to have a FAQ section, ill try getting this added asap.

And regarding withdrawing the credit bonus on sign up. I'm sure that there is no casino on this earth will just hand out free money without the user making some type of deposit. I'd like to see a model like that!

Perhaps from the comments it sounds like scrapping the sign up bounus may be a better idea going forward.

Haunebu

hero member

Activity: 3178

Merit: 977

www.Crypto.Games: Multiple coins, multiple games

The ANN presentation is lacklustre op. Checked the site out and observed that the design is simple and bland while the performance is decent on mobile and desktop. I like the diverse variety of games available to play.

An FAQ section addressing important queries(Minimum deposit, Minimum withdrawal etc) needs to be added asap.

Tried withdrawing my winnings, but I couldn't thanks to the 100 credit deposit requirement which is a bummer. I advise getting rid of this requirement completely op.

kryptqnick

legendary

Activity: 3248

Merit: 1402

Join the world-leading crypto sportsbook NOW!

Op, what makes your casino stand out from tons of others? The market is very competitive now, and using a common script (along with a name that's so similar to those of other casinos) probably isn't gonna do it. It's good that you have provably fair games and anonymous gambling, but I don't think it's enough to attract users these days. Have you considered launching a signature campaign to promote your casino on the forum, for instance?
Also, I think I saw you mention having around 600 users. Can you prove this information? It's actually a lot of users for a new crypto casino, and if it were visible somewhere on the website, it would be useful.

Topic: BetABit.Casino - Share Your Thoughts - page 14. (Read 2442 times)