Crypto casino without investment - page 3.

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Quote from: Radek4921 on June 15, 2024, 04:36:03 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.

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Quote from: Potato Chips on June 15, 2024, 04:52:47 PM

I think it's possible with p2p games in which winners takes the money pool from the losers and the casino takes a fee for their profit.

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.

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Quote from: Nrcewker on June 16, 2024, 12:39:59 AM

This is practically not possible.

I agree with this, which is the most repeated idea in the thread. As a possible, well it would be possible but opening a casino with hardly any expenses would have to be a PvP and if you don't invest in marketing and advertising you are not going to attract people. If you want to include casino games you need a bankroll to pay.

So the OP is approaching it in the wrong way. If you want to set up a business with no or minimal initial investment you'd better look for something other than a casino. With how competitive the space is, if he were to set up something with very little money he has very little chance of succeeding.

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Quote from: Radek4921 on June 15, 2024, 04:36:03 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.

This is practically not possible. If you open a casino like this also, then in less than a week you have to shut it down. Apart from maintaining the bankroll, there are a lot of expenses that you need to carry out in order to survive. The main thing where you need the money is the marketing. Through this, only people will come to know about your site. If you want to launch a PvP casino also, the marketing cost will be high, and you need to raise funding for this.

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Quote from: Radek4921 on June 15, 2024, 04:36:03 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 might be operational. but how will you promote your gaming site? and maybe it will only work for you when you have enough players. It is not easy for a new gaming site to gain a place in the market. it requires promotional costs and also as the project progresses, it will require good developers and maintenance.

Maybe you are currently just thinking about how to make a simple, cheap site. but without adequate investment, it will complicate the development of the project. think about inviting some people who are experts and you can trust in this business.

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You can try to implement “parimutuel betting”’ like freebitco.in did but you need to have many players to make it work.

Search “parimutuel betting” on google. Basically the players wager and you take your cut from that pile and the winners take the rest of the total wagered money.

Every business needs some kind of initial investment anyway. Domain and hosting might look the basic stuff to you but they cost a lot once you get serious. Stopping them ddos attacks cost money.

There is no free lunch here.

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Quote from: Potato Chips on June 15, 2024, 04:52:47 PM

I think it's possible with p2p games in which winners takes the money pool from the losers and the casino takes a fee for their profit. Though it's not as popular as mainstream casino games/setup.

But keep in mind that there would be software development cost + marketing budget.

This can actually work, if you've got the skills to be an organizer of this kind of events and you've got the connections necessary to make this happen, you're probably going to see some kind of success, I think the reason that this kind of things isn't popular is because the organizers suck at it and they're not really good at advertising their event to gather as much people as they can that would participate to this event, it's also really difficult to pull this off without the financial investment because one way of attracting people to participate in this kind of thing is that there's a prize money that's outside of the game.

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There's no way that a business can't have any capital on it, no way that you can't put in any kind of investment in a business and I don't remember any kind of business that doesn't have any kind of investment anyway because after all, your time in developing that business is also an investment so it's totally impossible to have a casino that doesn't have any investment plus in a casino, you're investing your money in there because those money serves as the coveted prize money for the jackpot in a casino and also the small wins that are bound to happen most of the time.

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Quote from: Radek4921 on June 15, 2024, 04:36:03 PM

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It's not only domain and hosting that needs costs here, manpower is also pretty much needed. You can probably try doing it yourself but it would take a lot and by that, I mean a LOT of time before you can even start it running, not to mention you'd have to support it yourself almost 24/7. Same with a faucet. If it was a relatively new thing like in the past, sure it would've worked without the marketing aspect side since the community would share it themselves amongst each other but with the amount of competition nowadays? Good luck with even making your name known to a hundred users lol.

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What size of a starting budget do you have? DO you plan on marketing? Do you plan on only having originals at the start or having 3rd party slots? Hiring staff, devs, anyoene else besides yourself?

These are all things you need to consider when deciding on whether to open a casino. You can have only original games like dice, plinko, blackjack, or others and use kelly criterion where a person can only win 1 100th of the bankroll, but will you have a large enough bankroll to attract any players?

It's a very tough market to get into and be competitive without a super large budget IMO. I would say with less than 20 btc I wouldn't even attempt it these days.

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Quote from: Radek4921 on June 15, 2024, 04:36:03 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 is possible to have faucet site without casino. But you need to add some coins for the faucet although not too big because you can set how much you want to gives to your user. To gets that faucet, users needs to wait for some time, usually one hour.

But a business will needs some investment to run it. You as owner needs to know what is the costs and calculate how much budget you needs. Maybe that will no need too big for a start but it will rise along the time.

It is better you manage a budget to start so you can use it to allocate for the costs.

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Quote from: Radek4921 on June 15, 2024, 04:36:03 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 open a crypto casino without investment, it is certain your intention will be to scam people because you not be able to pay the winnings should the early win. To run a casino successfully, you need capital that you are ready to disburse to winners and you should not expect to become profitable from the first day. If it were that easy, everyone would have own a casino.

It is important you discard this thought because it is not possible to launch a casino without investment unless you are ready for the problem that will come with such business idea.

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Quote from: Radek4921 on June 15, 2024, 04:36:03 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.

You need to gain a good reputation to get trusted. I see the idea, not so costly on your side as you are just getting the percentage of the winning bets but the biggest challenge is how you'll attract gamblers to trust you. The idea is good but you gotta figure out how it will work as there hasn't been something like this that are operating successfully AFAIK.

Quote

Alternatively, if not a crypto casino, then faucet, something like freebitcoin but without a casino, just faucet.

How do you see your business being profitable doing this? can you enlighten us?

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Quote from: Radek4921 on June 15, 2024, 04:36:03 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.

Then better with a faucet but you still need some capital with that and that's going to be your investment.

Compared with a casino, it won't cost you a lot because people just go and visit you to claim faucets and small amounts. And you also need to invest a lot in security matters for your casino.

Anyway, any business requires investments whether it's from you or not.

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Quote from: Radek4921 on June 15, 2024, 04:36:03 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.

No, it isn't possible to open a casino without investments or without a bankroll. Most of the players join crypto casinos because of their own greed to get the jackpots to earn so much by testing their luck, and a few players join a casino because of the bonuses that a casino gives to its players.

Even if someone creates a casino without any investment then it will be a tough task to get any players to that casino because without spending money on advertising and marketing no one hears about new casinos and that means no one joins those casinos.

One can in some sense start a faucet but players also visit faucets because they want to earn free Satoshis for their time. and if I'm not wrong then faucets earn money from advertisements of their clients. There's a possibility to create a free testnet Bitcoin faucet but for that the owner should have available testnet Bitcoin.

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Quote from: Radek4921 on June 15, 2024, 04:36:03 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.

Possible, but you really need to have a lot of money to begin with, but if you look at the history of land base casinos, the now big and famous casino at some point need investors to get the ball rolling. And it's better to have investors obviously so that you will have unlimited funds to make casinos from scratch.

As others have said, PvP, but it's not enough in my opinion, players get bored easily and they look for games that will give them thrill and adrenaline rush. So you need slot games as well and this entails that you have millions in order to get top tier, level A, slot machine operators.

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There are thousands of places to play. Players will need to be incentivized if you want them to keep happy and coming back to play. That's why you're going to need a bankroll for the casino otherwise, it won't grow to the stage you'd like because sooner or later, users would move elsewhere. So, to answer your question, it's very much possible to open one but if you're really serious about making money from the platform you create, you're definitely going to need to pour in initial investments into the mix which would go into reward pools and marketing + operations.

These days, you need money to make money. Except it's just for fun.

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Quote from: Radek4921 on June 15, 2024, 04:36:03 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 is possible but it will be very limited to pVp based game where you provide the game and let players play game against other players. The main challenge for pvp based game is to get active players because if the game is not attractive and there is no good offers to be active players on your site, it will be so hard for you to survive. If you have no other funds for marketing/promotion, I doubt you will gain enough interest because it is already proven that there were some pvp based game with marketing cost but still failed to survive. I'm referring to poker and raffle based game.

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Quote from: Radek4921 on June 15, 2024, 04:36:03 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 just want to spend only on domain and hosting cost? That is not possible. Do not forget that marketing is very important and you will need a lot more that will require money. Once you started, you will understand.

Quote from: Potato Chips on June 15, 2024, 04:52:47 PM

I think it's possible with p2p games in which winners takes the money pool from the losers and the casino takes a fee for their profit. Though it's not as popular as mainstream casino games/setup.

But keep in mind that there would be software development cost + marketing budget.

Which means it still needs investment.

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Quote from: Radek4921 on June 15, 2024, 04:36:03 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.

Maybe you will have to come out a bit clearer for us to better understand what you mean, for personally, I do not understand how possible it is to open or launch a casino without investing a dime aside from obtaining a domain and hosting it.

I think it's very important you understand that aside domain and hosting, there is still alot to be spent on, and one of those is the fact that you have to reserve a really nice amount of money for settle winnings just incase you are not so lucky at the very beginning.
And secondly, do not forget the place of marketing and promotions and how important this is to the casino or faucet's visibility.
Like I will always say, this days, marketing and promotions seems to cost way more than it cost to launch a casino.

So, there is definitely no way you can launch a casino or Faucet without investment, though I might not be completely right with my answer though, since like I said earlier, I don't completely understand the type of investment you are talking about.

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