Crypto casino without investment - page 2.

promise444c5

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Quote from: Stalker22 on June 16, 2024, 03:18:11 PM

Quote from: Radek4921 on June 15, 2024, 03:36:03 PM

Hello, what do you think - it is possible to open a crypto casino without any investments. I'm not including domain and hosting costs here, but I'm mainly talking about payout costs. Alternatively, if not a crypto casino, then faucet, something like freebitcoin but without a casino, just faucet.

Well, I mean technically you could try to set up some kind of deal to avoid putting your own money upfront into payouts. Maybe see if you could partner with a real crypto casino so they handle all that end of things while you provide a little faucet attraction on your own small site to direct people their way. You would get a slice of the referrals. But getting the big players to give you the time of day when you are just starting out would be tough sledding for sure.

Point is, you gotta put something into any kind of casino operation, even if it is not cash. Sweat and hustle if nothing else and takes work to get people to know and trust you exist. Aint no free rides in this world.

Setting up a partnership will still require some sweat and effort to get noticed by such casinos and maybe partnered besides no casino will want to partner which a low quality casino... the last sentence is really what matters ... maybe trying a little bit of leveraging could be of help but to leverage then there must be a high level of devotion and seriousness to bring something fruitful out... in short casino is not a easy pizzy tasks

Stalker22

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Quote from: Radek4921 on June 15, 2024, 03:36:03 PM

Hello, what do you think - it is possible to open a crypto casino without any investments. I'm not including domain and hosting costs here, but I'm mainly talking about payout costs. Alternatively, if not a crypto casino, then faucet, something like freebitcoin but without a casino, just faucet.

Well, I mean technically you could try to set up some kind of deal to avoid putting your own money upfront into payouts. Maybe see if you could partner with a real crypto casino so they handle all that end of things while you provide a little faucet attraction on your own small site to direct people their way. You would get a slice of the referrals. But getting the big players to give you the time of day when you are just starting out would be tough sledding for sure.

Point is, you gotta put something into any kind of casino operation, even if it is not cash. Sweat and hustle if nothing else and takes work to get people to know and trust you exist. Aint no free rides in this world.

shield132

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Quote from: Radek4921 on June 15, 2024, 03:36:03 PM

Hello, what do you think - it is possible to open a crypto casino without any investments. I'm not including domain and hosting costs here, but I'm mainly talking about payout costs. Alternatively, if not a crypto casino, then faucet, something like freebitcoin but without a casino, just faucet.

If you are a web developer and you are able to design website and games, then your only cost will be domain and hosting (server) expanses. Bustabit, Bustadice and l0tt0.com are examples of such websites, especially l0tt0.com because it doesn't own a crypto license. I think that the faucet business is dead, you can't give away a good amount of Bitcoin and also your only customers will be spammers and bots.
You'll need lots of money for marketing, otherwise, you can't survive. Keep in mind that your competitors are websites that have been here since 2012, and have gained trust and a huge user base. Can you beat them without a significant investment?

Haunebu

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This was definitely possible in the past when the competition was on the lower side, but it's pretty much impossible now thanks to increased competition. Even p2p sites require a decent investment.

You really need to rethink your priorities if you want to seriously operate a crypto casino op. Do your research.

Findingnemo

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Quote from: Radek4921 on June 15, 2024, 03:36:03 PM

Hello, what do you think - it is possible to open a crypto casino without any investments. I'm not including domain and hosting costs here, but I'm mainly talking about payout costs. Alternatively, if not a crypto casino, then faucet, something like freebitcoin but without a casino, just faucet.

Casino need atleast million dollars to start, learned this from SirJohnVonSlotty thread.

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Q: How much money do you need to open a Crypto or Fiat online casino?
The minimum recommended amount for an experienced team starting an online venture would be in-between 3.8 Mil and 5 Mil, all depending on the team and their salaries. Most new casino operations get profitable anywhere between 14 to 18 months, so you would need enough money to survive that period. However, that's for people who have previous experience with managing a casino operation and are bringing in a lot of contacts from the industry already. If you're starting from scratch, with a junior team, you will need to set more money aside for consultants and failed campaigns.

Sorry to disappoint you but everyone thought about successfully launching something without initial capital but that's not how business works especially when there is high competition in the crypto gambling sector. People already suggested pvp games but it's not going to attract much people and when you want something to grow then you need to focus on wider audience.

uneng

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Quote from: Radek4921 on June 15, 2024, 03:36:03 PM

Hello, what do you think - it is possible to open a crypto casino without any investments. I'm not including domain and hosting costs here, but I'm mainly talking about payout costs. Alternatively, if not a crypto casino, then faucet, something like freebitcoin but without a casino, just faucet.

It's not possible. If you are going to start a service like that without an investment (or bankroll), you are inevitably going to scam your customers once they start making profit and attempt to withdraw money from your platform. Every casinos need a large bankroll to start operating, because on short run the business can be unprofitable for the house, in case gamblers hit some nice unexpected jackpots. Then you have to have money to afford the casino's losses for days, weeks or even months until the scenario finally changes in your favour.

As a casino bankroll investor in the past, I've already faced this situation. Sometimes my portfolio remained in loss for several weeks, until I finally saw a sudden turnaround from loss to profit, due to a gambler or another losing huge sums of money instantly. That is when the casino makes profit. By there, you should be prepared to keep paying the winners, while swallowing the losses.

Dr.Bitcoin_Strange

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I think you will need investment, bro. Put aside the domain and hosting costs, you will need to do different marketing and promotion to make the casino popular. You will need to hire some staff; you will need to hire white hackers that can protect you against other hacks and other cyberattacks.

coin-investor

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Quote from: Radek4921 on June 15, 2024, 03:36:03 PM

Hello, what do you think - it is possible to open a crypto casino without any investments. I'm not including domain and hosting costs here, but I'm mainly talking about payout costs. Alternatively, if not a crypto casino, then faucet, something like freebitcoin but without a casino, just faucet.

There's always a cost in running a casino, if someone comes out with a no-cost casino then we will have new casinos coming up every day all they need is a domain and a host, the script and white label license alone cost thousands of dollars.

Even in creating a faucet, you need to spend money, do not use pirated software even if it is free, it's full of bugs as they will steal your funds.

In gambling operations, you need money to make money, skills in running a casino and enough funds are the key to successful casino operations.

panjul07

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It was more possible in the past when there was a gambling project namely moneypot where people were able to have their own gambling app while the bankroll was provided by moneypot and investor IIRC.
Still, although they do not need to provide bankroll but most of them needs extra fund for advertising/marketing.
Now if your fund is limited to domain and hosting only, how will you create your own games? Are you creating it yourself?
All in all, it might be possible for you but I dont think you will be succeed with your casino if your fund is limited to domain and hosting only.

seoincorporation

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Quote from: Radek4921 on June 15, 2024, 03:36:03 PM

Hello, what do you think - it is possible to open a crypto casino without any investments. I'm not including domain and hosting costs here, but I'm mainly talking about payout costs. Alternatively, if not a crypto casino, then faucet, something like freebitcoin but without a casino, just faucet.

Is not possible, you have to ask yourself the next questions.

If you have a casino without a bankroll, who will pay users each time they win?
If you don't have money to pay the gamblers then why will they come back?
What will you do after your site gets a lot of red tags and gets identified as a scam?

And if we are talking about faucets, you need to put money on them too, that's how faucets work, the one who opens the faucet puts money on it and that way the users can claim the faucet. If you don't put money on it then you will have a dry faucet where users can't claim anything, which isn't attractive at all.

Apocollapse

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It's definitely possible, either you will scam or you will pay with your own pocket money.

I don't understand with people who're discussing about advertising fund and internal operation fund, the point is whether it's possible or not for creating such site without any investment. Who cares whether it can survive or sustain after he launch it lol.

Saint-loup

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Quote from: Radek4921 on June 15, 2024, 03:36:03 PM

Hello, what do you think - it is possible to open a crypto casino without any investments. I'm not including domain and hosting costs here, but I'm mainly talking about payout costs. Alternatively, if not a crypto casino, then faucet, something like freebitcoin but without a casino, just faucet.

How you would pay winnings to winners? People won't play if they're not able to get winnings. In the crypto world, trust is very important as you know and if players think they might not be paid, they will not come to your site. You need to have some funds ready to cover winnings actually, even if it's a small bankroll at the beginning. Starting without enough capital to cover payouts will really hurt your reputation very quickly IMO, even if you apply very low limits to the stakes in order to avoid too large winnings. Also, for a faucet, you still need to have a way to fund it. Usually, faucets are funded by advertisements, but you need to attract enough users to generate that revenue. It’s a bit of a chicken and egg situation, you need users to get ads, and you need ads to pay users in the end.

pawanjain

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Quote from: Radek4921 on June 15, 2024, 03:36:03 PM

Hello, what do you think - it is possible to open a crypto casino without any investments. I'm not including domain and hosting costs here, but I'm mainly talking about payout costs. Alternatively, if not a crypto casino, then faucet, something like freebitcoin but without a casino, just faucet.

I really don't think so. Apart from hosting and domain costs there are other costs involved too.
Some of it are development of the site, advertising and marketing, getting the games from 3rd parties and the major one is initial capital required for gambling.
All of it would be required which would sum up to a huge number obviously.
Don't even think about faucets because maintaning faucets is a difficult job.

Awaklara

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Quote from: Beparanf on June 16, 2024, 07:24:00 AM

I think the OP only mention about not using his own money on bankroll but all the setup on running the casino expenses will be covered aside from the bankroll.

meaning OP wants investment to come in to fund the platform he is creating. For operations and future platform development, large funds will also be needed, this can be done by seeking funds from investors.
but the problem is in preparing the platform, I might be a little pessimistic if the concept is like a faucet without betting or a casino on the platform. and also in the crowdfunding process, of course, the platform preparation must be done well to attract investors. it will also require funds which I don't think will be cheap. Maybe OP should also collaborate with some experts.

EarnOnVictor

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Quote from: Radek4921 on June 15, 2024, 03:36:03 PM

Hello, what do you think - it is possible to open a crypto casino without any investments. I'm not including domain and hosting costs here, but I'm mainly talking about payout costs. Alternatively, if not a crypto casino, then faucet, something like freebitcoin but without a casino, just faucet.

If I claim I get you correctly, then I am lying, but still, I think I have a glimpse of what you are trying to say. Well, this is not the first time one will try what you are trying to explain, and even on this forum, such has been advertising on this part of the forum a while ago.

In case you want to know, what the guy did was use the faucet/incentive to lure people into it with the promise of the perks so that they can regularly visit the site/casinos with an embedded affiliate link of casinos. At least, this looks like a plan, what is your own plan on it? I believe you can't just be giving it as a charitable act, would you? There must be a plan before you plan to do that.

Beparanf

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Quote from: avp2306 on June 16, 2024, 07:10:41 AM

Quote from: Radek4921 on June 15, 2024, 03:36:03 PM

Hello, what do you think - it is possible to open a crypto casino without any investments. I'm not including domain and hosting costs here, but I'm mainly talking about payout costs. Alternatively, if not a crypto casino, then faucet, something like freebitcoin but without a casino, just faucet.

Considering there is a method that the owner could used to launch their casino without investment. But the question is do you think it will succeed and caught the interest of the people? Considering that you need to present your casino to a lot of people and for sure that you will struggle to market it because you don't have funds to use for this. But come to think of it that advertising is vital for launching a business and if you can't afford to spend something to introduce then get a huge traffic then most likely your casino will fail.

There’s a method and that is through crowd funding. Casino like Betfury do this which they gather funds through selling their BFG tokens and use the investment money to operate the Betfury casino. Until now they are using the investors fund with their marketing even though the casino is already fully operating.

Other startups casino is doing this too so that they can share the house bankroll with investors and lessen the funding from their own money.

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So mainly think about considering the importance of advertising since this could able to help the casino to gain success. I know that you are trying to find cheaper way to launch or operate your casino but chances to fail in that model is so high. Faucet? I don't know about the statistics but I think its not profitable anymore, but let see if someone will give a good points regarding on faucet sites.

I think the OP only mention about not using his own money on bankroll but all the setup on running the casino expenses will be covered aside from the bankroll.

Fivestar4everMVP

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Quote from: Crypto Library on June 16, 2024, 01:16:08 AM

Quote from: Radek4921 on June 15, 2024, 03:36:03 PM

Hello, what do you think - it is possible to open a crypto casino without any investments. I'm not including domain and hosting costs here, but I'm mainly talking about payout costs. Alternatively, if not a crypto casino, then faucet, something like freebitcoin but without a casino, just faucet.

It's possible if you want to scam the people because if you want to open a casino you have to at least the bank roll for pay out the winner. In this case if you don't have fund for that how it you will pay them?
And obviously making fund on only bankroll can't take success in case of gambling site for the new project you have to do advertisement like search engine optimization and building trust in the community for that you have to investment money otherwise there is already giants competitor who investing millions on marketing. And on the other case it is possible when you casino will be PvP casino some members already mentioned the causes.

Yes, the idea of person verses person gaming or gambling was what I was about to mention, I actually missed this point or idea in my previous comment on this thread, though alot of other users have talked about it.

Person verses person games can be very lucrative, most especially if and when the game in itself is a very interesting one which appeals to players to come play over and over again, the game payment mode can be designed in such a way where the both parties stake their money, and the casino act as the middle man or escrow, and at the end of the match, who ever wins, the casino takes their commission, and pay the remaining funds to the account of the winner.
This is one cool gaming idea where the casino owner won't ever have to bother about having a bankroll, since players settle themselves while the casino enjoys commission, but this too still require heavy marketing, else, with hundreds of thousands of casinos around, gamblers won't even notice that such a casino with that type of game exist.

So, in the nutshell, it's practically, and technically impossible to run a casino successful without any investment, it will be a miracle for such to happen.

avp2306

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Quote from: Radek4921 on June 15, 2024, 03:36:03 PM

Hello, what do you think - it is possible to open a crypto casino without any investments. I'm not including domain and hosting costs here, but I'm mainly talking about payout costs. Alternatively, if not a crypto casino, then faucet, something like freebitcoin but without a casino, just faucet.

Considering there is a method that the owner could used to launch their casino without investment. But the question is do you think it will succeed and caught the interest of the people? Considering that you need to present your casino to a lot of people and for sure that you will struggle to market it because you don't have funds to use for this. But come to think of it that advertising is vital for launching a business and if you can't afford to spend something to introduce then get a huge traffic then most likely your casino will fail.

So mainly think about considering the importance of advertising since this could able to help the casino to gain success. I know that you are trying to find cheaper way to launch or operate your casino but chances to fail in that model is so high. Faucet? I don't know about the statistics but I think its not profitable anymore, but let see if someone will give a good points regarding on faucet sites.

_act_

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Quote from: AB de Royse777 on June 16, 2024, 01:13:05 AM

Theoretically you can launch the website without the investment but don't you think you need advertising? If you do not have money to advertise the product then you will not receive any eye ball, and project will not make you any money at all. When a project or business will not make you money then it become a burden for you.

I learn something when I was reading about blockbuster movies like from Marvel when I was reading about their budgeting and how they make money. What I read was that they can use $150 million to make the movie and spend another or almost $150 million for the marketing. Just marketing takes almost half of the budget because they know how important marketing their movies is very important. Another thing is that someone needs to start a business with capital. Having capital is very important for a business startup. If capital is not important in a business, you will see almost everybody doing such business. Even people that are not rich at all will do it.

Coin_trader

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Quote from: Radek4921 on June 15, 2024, 03:36:03 PM

Hello, what do you think - it is possible to open a crypto casino without any investments. I'm not including domain and hosting costs here, but I'm mainly talking about payout costs. Alternatively, if not a crypto casino, then faucet, something like freebitcoin but without a casino, just faucet.

You are looking for a P2P casino games or something that you will let players be the house. I think I so this feature on some decentralized casino which they allow user to fund the casino bankroll on specific table game and let him be the house against other player. I’m not updated anymore with that project but the last time I browse it there’s no players active playing on the tables.

In the end, Marketing is very crucial to gain players so even if you are not paying for the bankroll cost, your main problem is how you can attract players and investors for the casino bankroll. But technically, this is possible since some casino done it in the past.

Topic: Crypto casino without investment - page 2. (Read 479 times)