Gambling website with minimum bankroll

MartinL

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Quote from: Rubberduckie on October 20, 2016, 05:15:27 AM

Start small!!!

It sounds like you are pretty new to all of this and I recommend you start very
small or maybe consider paper trading for no money until you find a system that
works for you.

OP is talking about starting a casino, not gambling himself and definitely not trading.

BTCLovingDude

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Quote from: Naficopa on October 14, 2016, 08:58:43 AM

How big have to be, or what is the minimum bankroll that will allow to open gambling website?

sometimes you should go in big even though it is possible to start small.

in other words, when you want to start a new business you should think about how to make it (more) profitable and that can only be achieved by "spending money".

for example you need lots of money for advertising. and if you take it lightly and think about making everything cheaper you can never earn that trust you need to be successful.

Rubberduckie

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Start small!!!

It sounds like you are pretty new to all of this and I recommend you start very
small or maybe consider paper trading for no money until you find a system that
works for you.

Superhitech

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Why not use moneypot.com?

You'll have to split your site's profits with them, but they will supply the bankroll for you, so you won't have to worry about losing all your bitcoins or not having enough to run a gambling site.

Herbert2020

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Quote from: Naficopa on October 14, 2016, 08:58:43 AM

How big have to be, or what is the minimum bankroll that will allow to open gambling website?

it is hard to say because it depends on a lot of factors.

but i think the best approach is (as for the first step) to start watching other similar gambling sites to what you want to start and see their stats and see how much they are transferring.

then as the second step you should either partner up with some others who have experience in this field (someone who has made a gambling site and manged it before) or start small and do some testing to find out how things should be handled.

raaajlucky

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Quote from: SyGambler on October 18, 2016, 11:53:43 PM

Quote from: Naficopa on October 18, 2016, 05:51:31 AM

Thank you guys for all answers. I know that running gambling website is long process..

I was just wondering about bankroll.. As i understand it is possible to start even with few thousends dollars, but anyway it depends on max bet.
So in other words, If someone have big budget for bankroll, can let people play with very high bets, if someone have little budget - must reduce highest bets, and it should be enough? am i correct?

you can start with one bitcoin if you want , it's not about how much you need to start it's all about how much units you are ready to risk with max bet and does it worth the try or not
in general I would rather invest in another sites if I don't have high budget , it's better since you don't have to create a site and worry about security and other things

This is a good method If you don't have much money to build own website then better invest your money in the reputated site. You will get good profit. Creating new site is easy, but the maintaining site is a tough job. Once you enter market means, you have to maintain the site reputation. Once you get any negative comments aginst your site then your investment will gone. So think twice before start new site.

pooya87

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Quote from: Naficopa on October 14, 2016, 08:58:43 AM

How big have to be, or what is the minimum bankroll that will allow to open gambling website?

you have to consider the costs of the domain and a strong hosting plan and also the cost for the designing of the site and the security team also a support team.

but also you can always start much smaller and over time grow your business as more people come to play and you can also accept investments like what other sites are doing.

SyGambler

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Quote from: Naficopa on October 18, 2016, 05:51:31 AM

Thank you guys for all answers. I know that running gambling website is long process..

I was just wondering about bankroll.. As i understand it is possible to start even with few thousends dollars, but anyway it depends on max bet.
So in other words, If someone have big budget for bankroll, can let people play with very high bets, if someone have little budget - must reduce highest bets, and it should be enough? am i correct?

you can start with one bitcoin if you want , it's not about how much you need to start it's all about how much units you are ready to risk with max bet and does it worth the try or not
in general I would rather invest in another sites if I don't have high budget , it's better since you don't have to create a site and worry about security and other things

rik3

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Quote from: Naficopa on October 14, 2016, 08:58:43 AM

How big have to be, or what is the minimum bankroll that will allow to open gambling website?

Bro I Suggest You that Don't Do Gambling Because Gambling is a Shit Game that Based On pure Luck and the Online Casinos are Not Fair....
You Should Lose Your Whole Capital in Gambling But If You want to Try Gambling then You Can Do Gambling with Small Amounts.....

NLNico

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Quote from: newIndia on October 14, 2016, 11:55:52 AM

Quote from: Naficopa on October 14, 2016, 08:58:43 AM

How big have to be, or what is the minimum bankroll that will allow to open gambling website?

U should have at least 10 times of your max bet amount.

That would be really bad Tongue

If you only have 10x max profit, you are basically expected to lose all your bankroll.

I actually don't know the theory behind the Kelly criterion, but the practical side is:

Safe BRM: 0.5 - 1x kelly * house edge = max profit. So if your game has a 1% HE, you should have around 100-200x the max profit. If the game has a 2% HE this would be 50-100x the BR. This "max profit" definitely should be dynamic too, so adjust upon losses (and wins.)

klf

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Quote from: Naficopa on October 18, 2016, 05:51:31 AM

Thank you guys for all answers. I know that running gambling website is long process..

I was just wondering about bankroll.. As i understand it is possible to start even with few thousends dollars, but anyway it depends on max bet.
So in other words, If someone have big budget for bankroll, can let people play with very high bets, if someone have little budget - must reduce highest bets, and it should be enough? am i correct?

But if people come to know that your site is having very less bankroll and you don't allow them to bet a bigger amount then mostly you will get a good quality traffic to your site. But you will mostly people who want to play with faucet money so if you want to start then start with some decent bankroll. Good luck to you...

Naficopa

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Thank you guys for all answers. I know that running gambling website is long process..

I was just wondering about bankroll.. As i understand it is possible to start even with few thousends dollars, but anyway it depends on max bet.
So in other words, If someone have big budget for bankroll, can let people play with very high bets, if someone have little budget - must reduce highest bets, and it should be enough? am i correct?

Patatas

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Quote from: Naficopa on October 14, 2016, 08:58:43 AM

How big have to be, or what is the minimum bankroll that will allow to open gambling website?

Let me rearrange those lines for you.

1.

Quote from: Naficopa on October 14, 2016, 08:58:43 AM

How big have to be, or what is the minimum bankroll

2.

Quote from: Naficopa on October 14, 2016, 08:58:43 AM

allow to open gambling website?

-> Bankroll is a small term,when you're talking specifically about starting a business.You could have said "investment".That depends on your games and budget.You could start with as low a few thousand dollars and more.Don't forget the development/marketing costs along with the house budget.

->There is no minimum bankroll,if the bet won is way above your limits,you know well what we call the situation!

smho_16

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The consensus between many of the users of this forum, experienced ones is that you should have at least 100 or more btc in order to open a gambling website. Try to implement also instant withdrawals and deposits after 2 or more confirmations to avoid cheaters. They are very few but they exist unfortunately. Also keep a low house edge like 0.8-1% to make it appealing to users. Put beautiful slots that stands out from the others and don't make just a copy cat website of some other casino.

Last but not least, some casinos are very heavy to play , try to make a simple website with not a lot of scripts running until the page is fully loaded, that makes people go away. These are pretty much every thing needed to open up a gambling website in bitcoin. Just make sure to have a really high bankroll to stand up if some whale wins a big amount in the phase of beginning of your casino.

newIndia

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Quote from: Naficopa on October 14, 2016, 08:58:43 AM

How big have to be, or what is the minimum bankroll that will allow to open gambling website?

U should have at least 10 times of your max bet amount.

maxhor

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Quote from: Naficopa on October 14, 2016, 08:58:43 AM

How big have to be, or what is the minimum bankroll that will allow to open gambling website?

It depend on how much maximum profit you are offering in a single bet, if you have nice gambling site with unique script and graphics than you can run gambling business, marketing is the key to make successful any business and interesting promotions will be helpful to get positive result.

fullypak

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Quote from: Naficopa on October 14, 2016, 08:58:43 AM

How big have to be, or what is the minimum bankroll that will allow to open gambling website?

You can come up with any amount of bankroll, but if you want to make a profit from your business, then you should have a huge bankroll. If not someone will come with big money and take way all your bankroll within no time. So bigger the bankroll then your safe. You can start with decent 100+ BTC bankroll and excluding marketing amount.

MartinL

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That depends on how much players should be able to win in a single round and the risk the casino is willing to take on. There is no universally correct answer.

Naficopa

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How big have to be, or what is the minimum bankroll that will allow to open gambling website?

Topic: Gambling website with minimum bankroll (Read 478 times)