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Topic: can i start a btc dice site with 30btc? - page 3. (Read 4426 times)

member
Activity: 87
Merit: 10
September 12, 2016, 04:35:53 AM
30 btc can make a small site, big site with 30 btc bankroll is too less, a whale will make you bankrupt very soon
legendary
Activity: 2758
Merit: 1228
September 12, 2016, 03:28:47 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

IMO 30 BTC is not enough to start a dice site because you'll need around 20 BTC only for scripting the site. But if you already have the script or if you can do it by yourself then you can spend your 30 BTC on promoting and maintaining and this amount will be sufficient to run the site for several months.

I believe so 30 btc is huge amount but not a good one to start a fully operational dice site since it need even more budget to run smooth but just a little piece of suggestion to OP since he got 30 btc on his hand, why don't he get some partner so they could have split the payments aswell us he can do the rest of the job for him, and it could be a good start for his project if he could really get more people who could contribute for his plans.
legendary
Activity: 3234
Merit: 2112
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September 12, 2016, 02:49:52 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

IMO 30 BTC is not enough to start a dice site because you'll need around 20 BTC only for scripting the site. But if you already have the script or if you can do it by yourself then you can spend your 30 BTC on promoting and maintaining and this amount will be sufficient to run the site for several months.
legendary
Activity: 2688
Merit: 1004
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September 12, 2016, 02:31:10 AM
30 BTC is a little lower for starting that site, as with that you will able only to manage the site while you will need some more higher amount for its advertisement, without which you will not be able to earn and without advertisement it is sure that your site will die sooner.
30 whole bitcoins are too much for a gambling site for me. it is all about planing. if you use moneypot platform your expenses will be reduced too. and advertisments also don't cast that much.(if you want long term signature advertisement you can run it from sit'es profits). the most important thing is the bankroll,. moneypot also helps in bankroll. free faucets with full of balance etc are from their.
I also felt that the 30 BTC is a lot of money to create a gambling site. you can create a very luxurious gambling sites with such capital. even you might make two different gambling sites. you just need to think about how the site can bring many benefits for you. Well, it all just depends on how you can take advantage of the 30 BTC
legendary
Activity: 980
Merit: 1000
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September 12, 2016, 02:06:29 AM
30 BTC is a little lower for starting that site, as with that you will able only to manage the site while you will need some more higher amount for its advertisement, without which you will not be able to earn and without advertisement it is sure that your site will die sooner.
30 whole bitcoins are too much for a gambling site for me. it is all about planing. if you use moneypot platform your expenses will be reduced too. and advertisments also don't cast that much.(if you want long term signature advertisement you can run it from sit'es profits). the most important thing is the bankroll,. moneypot also helps in bankroll. free faucets with full of balance etc are from their.
legendary
Activity: 1946
Merit: 1137
September 12, 2016, 01:26:41 AM
30 BTC is a little lower for starting that site, as with that you will able only to manage the site while you will need some more higher amount for its advertisement, without which you will not be able to earn and without advertisement it is sure that your site will die sooner.
If I talk technically then around 2 bitcoins will be invested in designing and scripts and around 3 bitcoins will be more than enough to advertise and give bonuses to popularize the site. Now the fact that how much you want to offer users for winning in a single bet then even 1000 will be less and sometimes even 25 can be more than enough.

casinos have always had a solution for this and that is limiting the max bet size. in dice games the maximum amount you can win is limited by limiting the amount you can bet and also the amount of multiplier that you can choose on this. otherwise they will all risk going down as some person can make a 1BTC bet and put the multiplier on (1 Million X) and if the site is provably fair there is always a chance of win for him and if he wins the site has to either go down, not pay the player or work for the rest of their lives to pay him!
legendary
Activity: 938
Merit: 1002
September 12, 2016, 01:20:41 AM
30 BTC is a little lower for starting that site, as with that you will able only to manage the site while you will need some more higher amount for its advertisement, without which you will not be able to earn and without advertisement it is sure that your site will die sooner.
If I talk technically then around 2 bitcoins will be invested in designing and scripts and around 3 bitcoins will be more than enough to advertise and give bonuses to popularize the site. Now the fact that how much you want to offer users for winning in a single bet then even 1000 will be less and sometimes even 25 can be more than enough.
hero member
Activity: 532
Merit: 500
September 12, 2016, 12:21:44 AM
I think 30 btc is a large amount of bitcoin to start a dice game or business better to try a small amount to start your own dice site and monitor it.. if you can afford to just increase the amount if your players are increase.
But, starting with too low may also result in the site getting dumped because of the fact that users can not win any significant amount. I think yes its god to increase MAX bet amounts by time but its always good to have a high MAX bet amount in starting so that you can use it to attract more users.
I am not sure with 30 BTC we can start our own casino site or not. To creating site charges and maintaining charges and Marketing charges everything you can manage with this amount, but the Bankroll is the main problem here better side you need to increase your Bankroll. 
hero member
Activity: 910
Merit: 1000
September 11, 2016, 01:54:14 PM
Really you people saying start a dice site with 30 btc isnt enought? What you need soo 1000btc to start such project? He will spend maybe 1-2 btc into the script, then he has a 25 btc as bankroll, knowing the house will keep atleast 1% of the all bets it will be enought to run such, if op wanna to have more trust he can open the bankroll for investors.
And who actually gambles for such huge amount ?
I never gambled with more than 0.2 bitcoins at a time and even if I had 1000 bitcoins in my wallet I will still bet with 1 bitcoins maximum so I think yes 25 bitcoins are more than enough to start a site and you can get more sharks ( big gamblers ) with time.
Yes, only limited gamblers can bet more than 1 BTC. According to me, 90% people in online gambling they play below 1 BTC are betting. So yes this is enough money to start a good gambling site. But creating and launching is easy maintaining is tough. He must have a good team to maintain, and the house will keep 1 or 2%  of the bets will enough to run the site. It is just my opinion.
hero member
Activity: 700
Merit: 500
September 11, 2016, 01:50:52 PM
I think 30 btc is a large amount of bitcoin to start a dice game or business better to try a small amount to start your own dice site and monitor it.. if you can afford to just increase the amount if your players are increase.
But, starting with too low may also result in the site getting dumped because of the fact that users can not win any significant amount. I think yes its god to increase MAX bet amounts by time but its always good to have a high MAX bet amount in starting so that you can use it to attract more users.
hero member
Activity: 2464
Merit: 585
September 11, 2016, 01:46:44 PM
Really you people saying start a dice site with 30 btc isnt enought? What you need soo 1000btc to start such project? He will spend maybe 1-2 btc into the script, then he has a 25 btc as bankroll, knowing the house will keep atleast 1% of the all bets it will be enought to run such, if op wanna to have more trust he can open the bankroll for investors.
And who actually gambles for such huge amount ?
I never gambled with more than 0.2 bitcoins at a time and even if I had 1000 bitcoins in my wallet I will still bet with 1 bitcoins maximum so I think yes 25 bitcoins are more than enough to start a site and you can get more sharks ( big gamblers ) with time.
legendary
Activity: 1330
Merit: 1000
September 11, 2016, 01:27:23 PM
I would imagine he could start one easily with 30 btc.Others have set up casinos with a lot less than that.
hero member
Activity: 700
Merit: 500
September 11, 2016, 01:20:46 PM
It's nice amount to run a btc dice site and I also think this would be nice amount, if dice has unique look and a script which made from scratch than it will be great to attract the players, that is why I also think if anybody has skill to promote than he can run dice with 30BTC.
full member
Activity: 190
Merit: 100
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September 11, 2016, 01:11:49 PM
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
You need to give us more information.  When you ask can you build a good dice site for 30 BTC, you are giving us the impression that you are able to do something with the build.  If you are not able to do nothing on the inside to make this go other than put up the money, I do not think it would be worth your while.  If you are able to provide code or something like that, then you could make it work.  If you are just looking to have someone else do the work, do not bother, the professionals already have this covered.  If you can add to the project, other than money, lets see what you got; I have assisted others with less get further.
hero member
Activity: 686
Merit: 500
September 11, 2016, 01:07:16 PM
I think 30 btc is a large amount of bitcoin to start a dice game or business better to try a small amount to start your own dice site and monitor it.. if you can afford to just increase the amount if your players are increase.
correctly . with 30 BTC we could do various things. including building a website dice.
The most important is that we can build a website we become a trusted website dices.
it can give users the confidence to play at our website.

Yeah, it's very unusual for us and also very beneficial for the long term if we use 30 BTC for the business potential in the bitcoin (gambling). The trust is indeed the most important thing to wear, because without the trust of our business customers will not run well and we do not have the opportunity to help everyone
I don't know what you are talking about here.
The issue is if 30btc is enough to run a dice site? And the answer is yes. Spend about 5-10 bitcoins on the design and the program and 1-3 bitcoins for advertisement and the rest for bankroll. With that, I am pretty sure you're going to be able to maintain your site.
member
Activity: 69
Merit: 10
September 11, 2016, 12:59:04 PM
i think 30 btc would be enough to start a dice site but to make it sure you should ask for an advise to those who have already run a dice site but i don't know if it can be possible . because i know it has an additional expenses .
hero member
Activity: 1036
Merit: 520
September 11, 2016, 11:53:47 AM
you can start a new dice site with 30 bitcoin and it is enough but starting only is not enough for you to become successful.

so in order to start making profit and make people come to your dice site and play you would need to give away some money, like promotions and faucets and also you have to advertise like signature campaigns and all of these also need money.
legendary
Activity: 966
Merit: 1000
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September 11, 2016, 11:37:49 AM
These are one of the easiest of the casinos to start operating from.
It has low overhead because you don't need too much in the line of graphics on the screen so definitely low bandwidth is needed to accomplish this.
That is where some of the cost lies is with the service provider and the plan you are allowed to take and not having to worry about going over your allowed limit.
hero member
Activity: 798
Merit: 503
September 11, 2016, 11:25:01 AM
Thanks for all your contributions.
As for the suggestion of me investing in another site bank roll, I don't want to do that. I prefer playing against the house.
I want to start up independently. I have seen small sites with bank roll of less than 30btc. My plan was to invest 90btc in this project but that will be too risky considering the fact that its something i am trying out for the first time.
From the suggestions , I guess I will have to relax for a while and keep gambling. When I accumulate more coins , I will then return to try out.
Thanks again for all ur contributions.

If you have 90 btc to put in, you better start doing this project then. It takes literally 20 btc or so to build a site, I mean a good site and it will need some marketing for your site to be known so if you are using moneypot's service then you can build a great site with this amount

I will say based on this and the riskiness that have been identified why dont you build teams but be ready to share the profit when they start coming in by doing that the fund you have will be enough and also you reduce the risk and your objective is achieved. The team I mean is  someone to build the website with a stake in the business, another to draw the terms etc with a stake as well...
legendary
Activity: 3122
Merit: 1140
September 11, 2016, 10:23:56 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 Bro You Can Start A Bitcoin Dice Website But For Make You Site Popular You Need Very Effective Ways Of Promotion, But If I Have 30 Btc Then I Don't Open a Gambling Website I Put My Money Into Another Project Like I Made An App.....
Well it his decision to make a gambling site but i guess 30 btc wouldnt be enough because those amount would be  only enough for the dice script. hence, there are lot needed also  to make a website and even on how you promote it would  cost you some money for sure. 30 btc is not  enough. Same as you said  if i had that money i wouldnt build  a gambling site rather i would invest it onto trading.

30 btc is little bit enough but he got get those cheap dice script and i think those site using it for now is already down or shall we say didn't got good response, so its much better for him to have a lot of budget to upgrade more things and to have more apealing site to the public and thats why he must add some money unto it so he can get a good site with good security so people could trust to play at his site.

Yes, there are lots of things to consider when you  intend to build a gambling site as you said   it must be presentable to the  potential players if they saw that its a good designed website maybe they would intend to play and also its security it must be prioritize so that  players  would be  confident on putting  up their funds  on your website also on promoting  your website which could really cost you a lot.
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