can i start a btc dice site with 30btc? - page 2.

shoreno

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Quote from: janggernaut on October 28, 2020, 05:46:15 AM

No, you can't start a dice site. A popular known dice site ever need at least 200 btc to started (i can't say which dice site). It needs lot of expense to maintain your site, and then about max profit you offer to people (Ussually they are offering 1% from their bankroll as max profit, so if you opened a dice site with 15 btc, your max profit "only" 0.15 btc for each bet which i think too low and won't attract people).
If you set max win 1 btc when you only have bankroll 15 btc, it's only need 15x wins and it wiped out all your bankroll'sote

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

janggernaut

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No, you can't start a dice site. A popular known dice site ever need at least 200 btc to started (i can't say which dice site). It needs lot of expense to maintain your site, and then about max profit you offer to people (Ussually they are offering 1% from their bankroll as max profit, so if you opened a dice site with 15 btc, your max profit "only" 0.15 btc for each bet which i think too low and won't attract people).
If you set max win 1 btc when you only have bankroll 15 btc, it's only need 15x wins and it wiped out all your bankroll'sote

Ayiranorea

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With 15 btc in hand you can surely start a dice site in my view. Here the important thing need to be considered is the max bet value, and the fairness of the script. At the beginning you can start it in a microscale letting people to gamble with small funds and a max of 0.1btc. Every gambling site have got its house edge, so there'll be assured profit out of the site. This can be used further on widening the gambling site.

carlisle1

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Quote from: RichGang on July 02, 2016, 05:47:27 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.

If you have that same BTC this year then surely you can start a gambling site without a doubt.

But wayback 2016 when the value of Bitcoin is just like almost a peanut compared to this date?
i'm not sure if you successfully progress this target Business.

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No trolls

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

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BuNga_cute

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Quote from: RichGang on October 28, 2020, 03:35:31 AM

i still have 15btc intact. do you think it is a good idea to start up a dice site with investors?

It is very difficult to find an article that explains in detail the costs involved in starting our own online casino. What is certain is that
online casino is very complex, many things must be taken into account. Such as software provider fees, gambling licenses, payment
methods, website creation, marketing and promotion costs. It's cheaper if you make an online casino without a license. To be sure you
have to make a team, have lots of money, and already understand the world of online casino. I think 15 BTC is enough to make a simple
Dice site, why don't you dare to start it. If you run short of costs, you just have to find investors.

gadado

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I think 15 btc is a decent amount of money. You can try to do some research online, I assume you want to do it the legal way? Then you have to buy software, and there are many, many software parties I think.
You could also consider to make some money with gambling, but that is not something I recommend

Mauser

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Quote from: RichGang on October 28, 2020, 03:35:31 AM

i still have 15btc intact. do you think it is a good idea to start up a dice site with investors?

15 BTC is not so much anymore compared to initial 30 BTC. I would recommend to spread your risk a bit and take in some investors. If you experience a bad beat right now you should be able to recover in the next month. Or alternatively you could try to limit the max amount people can bet on your site. When you reduce the betting amounts for a while you should be able to limit your losses too.

ultrloa

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Quote from: RichGang on October 28, 2020, 03:35:31 AM

i still have 15btc intact. do you think it is a good idea to start up a dice site with investors?

Do you have am existing investors or you will seek? Because I think 15 BTC is not really enough and might you will miss some aspects which is more important maybe try to save more and start at 50BTC since I think this is enough to start plus you can possibly have a money left for marketing and other expenses for running the site.

RichGang

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i still have 15btc intact. do you think it is a good idea to start up a dice site with investors?

Bitinity

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Quote from: bajing on July 23, 2017, 02:00:09 AM

Quote from: Naoko on September 12, 2016, 04:13:12 AM

30btc for making a gambling site is OK but if you are thinking 30btc for the bankroll it is pretty small amount as it will be easy to empty your bankroll before you can win in the long run. however you can open investments in your site but you have very low chance to get good amount from investors at first coz of trust issues

I think 30 btc is enough to be used as a bankroll, it is unlikely that the sites they run directly get big players because gamblers must be wondering if these gambling sites are trustworthy so they will start try to play from a small amount. and im sure if the owner of the site seeing the player increased, they have another option by offering investment.

30btc is indeed enough for bankroll but if I have 30btc to manage a dice site then I would prefer to use moneypot as the bankroll. With moneypot then I would not need to think about bankroll so I can use the 30btc for the advertising, developing, and building the site. 0l

bajing

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Quote from: Naoko on September 12, 2016, 04:13:12 AM

30btc for making a gambling site is OK but if you are thinking 30btc for the bankroll it is pretty small amount as it will be easy to empty your bankroll before you can win in the long run. however you can open investments in your site but you have very low chance to get good amount from investors at first coz of trust issues

I think 30 btc is enough to be used as a bankroll, it is unlikely that the sites they run directly get big players because gamblers must be wondering if these gambling sites are trustworthy so they will start try to play from a small amount. and im sure if the owner of the site seeing the player increased, they have another option by offering investment.

BitcoinPC

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Quote from: DrGuns4Hands on July 22, 2017, 08:56:14 PM

well i think you can start dice site with that kind of amount of btc but still doesnt enought to promote your gambling site, maybe you will gonna have a player but it won't help you to earn big. you can still save it up and make more 30 btc in that case you can really start a gambling dice site where big whales gonna go and play on your site.

He has 30 btc, I am sure it is enough to make dice gambling site. I don't think that it is less amount, but problem is every new gambling site has face full of competitions. Because in online world now a huge online gambling sites are working, and mostly sites have earned but few gambling sites couldn't earn, even they have promote them, but still their earning rate is less and they are not in a profit.

DrGuns4Hands

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well i think you can start dice site with that kind of amount of btc but still doesnt enought to promote your gambling site, maybe you will gonna have a player but it won't help you to earn big. you can still save it up and make more 30 btc in that case you can really start a gambling dice site where big whales gonna go and play on your site.

deepaksharma

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Yes you can make but with 30 btc bankroll the max profit per bet will not be big.it won't attract most of big whales so your profit won't be big.

saiha

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Quote from: Promise2 on September 12, 2016, 04:09:15 AM

I think you can do it, and get some investors afterward...

but I think better to start with more capital, sth like 50btc?

I think op has only the capacity to invest with 30 btc's only and for me that is going to be enough already to start his own dice site.

Including or not the webhosting service and other programs that he needs in able to start building out his own dice site.

But he must be fair to his players or else he is going to become a richman fast in no time. Grin

shield132

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Quote from: RichGang on July 02, 2016, 05:47:27 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

Yes, you can to make dice website with 30btc bankroll if you limit higher bets, for example make max bet like 1btc but I think your profit won't be higher with limited bets because your website's customer will be small players and big players never play there. Also if you are going to make provably fair dice, thank I think you need better bankroll and if you can't that, than make an investment place in your website like many other dice website has but if there will bi investors, than some percent of profit will be your and some of them will be for investors.

Naoko

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30btc for making a gambling site is OK but if you are thinking 30btc for the bankroll it is pretty small amount as it will be easy to empty your bankroll before you can win in the long run. however you can open investments in your site but you have very low chance to get good amount from investors at first coz of trust issues

Promise2

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I think you can do it, and get some investors afterward...

but I think better to start with more capital, sth like 50btc?

Fraxinus

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Yes it's possible,although you have to carefully research the market and organize your budget so you can provide a stable working site and payment system,which is what users really want and if you provide that they'll come to your dice site.Just look at other sites such as primedice and try to make your site in terms of service and fast payment similar to that.

Noctis Connor

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Quote from: RichGang on July 02, 2016, 05:47:27 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

are you kidding if you want to lose all your bitcoin with gambling site donate to us its really a big help if you gonna do that gambling is not solution gambling is not just you gonna place a bet and then win and bruh for sure you gonna lose it all try bustabit its easy to earn profit there in a minute

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