can i start a btc dice site with 30btc?

VanityWallets2015

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Quote from: RichGang on October 29, 2020, 06:05:56 AM

why are all of u so focused on marketing. most of the sites i know dont even do marketing and they still have huge players. wolfbet is one

They have opened an active marketing called signature campaign, check it out: https://bitcointalksearch.org/topic/m.55418139
Also if you don't run good marketing or you didn't introduce your casino in a good way I didn't think anyone will play on it since there's a lot of casinos right now.
Marketing, including promotions is one of the best strategies to gather players on your casino.

sujonali1819

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Quote from: RichGang on October 29, 2020, 06:05:56 AM

why are all of u so focused on marketing. most of the sites i know dont even do marketing and they still have huge players. wolfbet is one

Yeah, what I think there are lot of gambling sites recently. And there are lot of trusted old site, I don't know they have done marketing or not but they are trusted since long. If they think they will not do marketing now they can skip it because they have already lot of players. But if you now start the new gambling site then you have to do marketing to reach in the TOP of the list.
btw it's not true that wolfbet does not do marketing, they are still running signature campaign in this forum.

janggernaut

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Quote from: RichGang on October 29, 2020, 06:05:56 AM

why are all of u so focused on marketing. most of the sites i know dont even do marketing and they still have huge players. wolfbet is one

Not really, wolfbet also focusing their marketing by running daily wager race with prize $1000 to attract more people come to wager and gamble. Their signature campaign also back and just running for first week.

It's different story if your site is old and popular enough, so you don't need any marketing (example, Primedice), people will come playing to your site by their own will.

peter0425

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Quote from: Fortify on October 29, 2020, 08:51:57 AM

I think anyone with that much bitcoin would have the sense to figure out how to set up a BTC dice site, and yes you could certainly do it with 15 BTC left over. It might cost 1 BTC to buy an established bitcoin site (check out the digital services section of this forum) and you could use the remaining 14 BTC to fund any bets that people want to place and build up a reliable stream of advertising to get it established.

But the post created in2016 mate and the value of Bitcoin that time is too much cheaper comparing to the value today.
so basically that time that He created this post that 15btc won't be enough to start a decent casino or Dice site.

But today of course that 15 Bitcoin can start not only a dice site but a Casino instead.

Fortify

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I think anyone with that much bitcoin would have the sense to figure out how to set up a BTC dice site, and yes you could certainly do it with 15 BTC left over. It might cost 1 BTC to buy an established bitcoin site (check out the digital services section of this forum) and you could use the remaining 14 BTC to fund any bets that people want to place and build up a reliable stream of advertising to get it established.

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Quote from: RichGang on October 29, 2020, 06:05:56 AM

why are all of u so focused on marketing. most of the sites i know dont even do marketing and they still have huge players. wolfbet is one

That is true but Wolfbet is successful and trustworthy for a long time now. It doesn't need to work on reputation and attracting new players. Also, they very often have campaigns here on forum.
But if someone tries to run a new site it has s very long and difficult road ahead and in that road marketing is very important. Although, only few survive at the end and become successful, so it's not an easy task at all.

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Quote from: RichGang on October 29, 2020, 06:01:21 AM

Quote from: Gotumoot on October 28, 2020, 08:09:30 AM

I am still surprise that you are still holding that 15 BTC the thread has been around for more than 4 years now and you still haven't started your own dice site?
For me if you couldn't set up your own why not try to invest in the site's that are already doing well?
It is safer than to start from scratch and compete with so many popular dice site and it would cost too much to promote it and the outcome is uncertain.
There are so many gambling sites that offers such service you could try to invest in their bankroll and you wouldn't need to do anything.
Just my opinion didn't mean to offend you or anything.

these dice sites always end up running with peoples cash like dean of betking and safedice. i am never going to put 15btc into a random site. no matter how trusted they claim to be.

If that so, you can start your own gambling site. And with that 15 btc, I think it is enough to start the gambling site.
It is no matter if the site is small, as many gambling sites start from scratch. As long as you can serious with your site, I think you can do that, and you can grow your site slowly.
The matter is how serious you can build your gambling site.
But I wonder why you don't create your gambling site from a long time ago? If you build your site in the past, you can grow the site and from time to time, and you will see the site will get many gamblers.
Maybe you can also ask the other gambling site owner to know how to run the gambling site.

RichGang

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why are all of u so focused on marketing. most of the sites i know dont even do marketing and they still have huge players. wolfbet is one

RichGang

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Quote from: Gotumoot on October 28, 2020, 08:09:30 AM

I am still surprise that you are still holding that 15 BTC the thread has been around for more than 4 years now and you still haven't started your own dice site?
For me if you couldn't set up your own why not try to invest in the site's that are already doing well?
It is safer than to start from scratch and compete with so many popular dice site and it would cost too much to promote it and the outcome is uncertain.
There are so many gambling sites that offers such service you could try to invest in their bankroll and you wouldn't need to do anything.
Just my opinion didn't mean to offend you or anything.

these dice sites always end up running with peoples cash like dean of betking and safedice. i am never going to put 15btc into a random site. no matter how trusted they claim to be.

RichGang

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Quote from: carlisle1 on October 28, 2020, 06:19:48 AM

Quote from: RichGang on July 02, 2016, 06:47:27 AM

I will like to know if i can start up a casino dice site with 30btc including bankroll.
Am looking at a site with a max profit of like 1btc.
If yes, how?
If no, how much btc do I need.
Only reply if u got ideas about this.

no trolls But you are trolling for someone and asking this ?

[/quote]wtf man, what has that got to do with this. no trolls mean no trolls. now bounce

iamsheikhadil

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At the time of writing, 15 btc is around $150,000 which is really huge. The script and everything won't cost so much more on that price. I think the max profit should be a bit lower though, else lucky whales can make great losses to you. Keeping the house edge higher for a period of time can also help building profit initially. I think, with 15 btc today you can surely make a better than average casino, and improve it gradually as you make more profits!

Kupid002

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Quote from: xSkylarx on October 28, 2020, 08:41:25 PM

Quote from: stomachgrowls on October 28, 2020, 05:57:02 PM

Basing only with marketing then this is already a big expense to talk on plus on the maintenance as you said plus other factors in considerations then that amount wont be enough.

You can build but expect that it wont really be that appealing or something that can level up on todays dice sites. We cant deny that the current competition on dice industry
is pretty fierce and you cant be sure that you would really have some shot on getting along with them.

Marketing plays a big part in these gambling websites. Without these the business won't last long. It is really possible to make a dice site with only 30 or even 15 btc but the question is can it attract users on your platform. Is it enough to compete on the popular websites these days.

Not enough that why you need to use other ways like event thatbcan help to make players attention and when you do that again it costs another money that need to use for that event that's the reason why 15 btc and it can easily Wipeout all in just months of running it .

For that question I guess only casino owner can give you right tips for how money they use before they start to make thier own gambling sites .

LogitechMouse

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Some might say yes but just adjust the maximum profit but when you do that, chances are gamblers will not gamble on your site because of the low max profit that they can get.

In reality, if you have a low bankroll you will easily get wiped out especially when those huge gamblers will gamble on your site. At least do some crowdfunding I guess or find some investors that will invest into your site. That might help you increase your bankroll but at your current BTC amount right now. Even you posted on 2016 and you have 30 btc at that time and today that you have 15 btc and the price of BTC is higher already, still it isn't enough for you to sustain your site.

FinneysTrueVision

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You can start one but you would probably have to set the max profit really low. In order to have a successful dice site you will need to attract whales with nice bonuses and a decent max profit. I think at 1 BTC max profit you would get wiped out pretty fast so I would not recommend starting until the price of Bitcoin is high enough for something like 0.1 BTC to be considered attractive enough for high rollers.

xSkylarx

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Quote from: stomachgrowls on October 28, 2020, 05:57:02 PM

Basing only with marketing then this is already a big expense to talk on plus on the maintenance as you said plus other factors in considerations then that amount wont be enough.

You can build but expect that it wont really be that appealing or something that can level up on todays dice sites. We cant deny that the current competition on dice industry
is pretty fierce and you cant be sure that you would really have some shot on getting along with them.

Marketing plays a big part in these gambling websites. Without these the business won't last long. It is really possible to make a dice site with only 30 or even 15 btc but the question is can it attract users on your platform. Is it enough to compete on the popular websites these days.

stomachgrowls

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Quote from: janggernaut on October 28, 2020, 05:45:04 PM

Quote from: shoreno on October 28, 2020, 06:59:26 AM

that site your referring to could be primedice , ive heard that too before where the owner share his experience and said to have started with that small amount of btc but now that they are now popular and have growned alot , 200 btc is nothing to them because they have more than that .

op is asking if he can set up a gambling site with the amount that he said , that amount is huge if we convert it all to usd or to any currency and this is a new site , it wont get popular instanty . he will also limit the bets to the possible lowest amount and not all gamblers are going to win . this could be enough

Fortunately, it's not primedice. I ever heard once if primedice has arounxd 10k Bitcoins as their bankroll, and that's why max profit on there 30 Btc in single bet if they are not lowering it until now (1% from bankroll).

15 btc is indeed very huge amount i knew it, but if you thinking about all matters about expense, maintenance site, max profit, etc, it won't be enough.

It wont really be enough but it isnt really a bad amount to start of for a new dice site but the question is, would you able to get sufficient investors for you on at least for you to proceed on?

Basing only with marketing then this is already a big expense to talk on plus on the maintenance as you said plus other factors in considerations then that amount wont be enough.

You can build but expect that it wont really be that appealing or something that can level up on todays dice sites. We cant deny that the current competition on dice industry
is pretty fierce and you cant be sure that you would really have some shot on getting along with them.

janggernaut

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Quote from: shoreno on October 28, 2020, 06:59:26 AM

that site your referring to could be primedice , ive heard that too before where the owner share his experience and said to have started with that small amount of btc but now that they are now popular and have growned alot , 200 btc is nothing to them because they have more than that .

op is asking if he can set up a gambling site with the amount that he said , that amount is huge if we convert it all to usd or to any currency and this is a new site , it wont get popular instanty . he will also limit the bets to the possible lowest amount and not all gamblers are going to win . this could be enough

Fortunately, it's not primedice. I ever heard once if primedice has arounxd 10k Bitcoins as their bankroll, and that's why max profit on there 30 Btc in single bet if they are not lowering it until now (1% from bankroll).

15 btc is indeed very huge amount i knew it, but if you thinking about all matters about expense, maintenance site, max profit, etc, it won't be enough.

mardaed

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Haven't really have any ideas with it I supposed that 15 BTC would be enough but not for high rollers consider hiring developer and running promotions and probably some legal matters like license. let's say you will have 10 BTC bankroll of yours it depends on how you run it you can ask some players to be a bankroll but for that bankroll I think it could easily be wiped out if some whales comes to your website.

bitcoin31

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Im not expert in that fields on creating dice sites and I do not know the cost , but maybe the bitcoin that op that he have is good and maybe he created a dice sites rhat he want but better if he have a lot of funds or extra incase that need for the other advertising which is expensive for people know your sites. Also the maintenance to the creator to maintain the good service to the player so Op you need a plan for this.

Gotumoot

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I am still surprise that you are still holding that 15 BTC the thread has been around for more than 4 years now and you still haven't started your own dice site?
For me if you couldn't set up your own why not try to invest in the site's that are already doing well?
It is safer than to start from scratch and compete with so many popular dice site and it would cost too much to promote it and the outcome is uncertain.
There are so many gambling sites that offers such service you could try to invest in their bankroll and you wouldn't need to do anything.
Just my opinion didn't mean to offend you or anything.

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