[GUIDE] 10 complete steps for new casino into this forum

traderethereum

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Quote from: Despairo on May 04, 2022, 10:52:42 PM

The only one big no KYC casino is Freebitco.in

Maybe that's why Freebitco.in can survive until now and still get a lot of new users because they don't implement KYC at all.
With classic gambling games, Freebitco.in still attracts many new and old users to feel at home playing there.
Apart from that, Freebitco.in provides many interesting programs and rewards and this is one of the ways used by them to get more users.
And by not asking for KYC, they also get a lot of gamblers who don't want to verify their accounts with KYC.

paxmao

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Quote from: wxa7115 on April 02, 2022, 05:55:36 PM

Quote from: Desmong on March 28, 2022, 07:57:22 PM

Majority of crypto gamblers are small scale gamblers and don't have the funds to go big. Most gambling platform now normally requires mini KYC which will be enforced during large withdrawals. Sometimes, there will be some limitations to what a gambler can do or games they can play on the platform until they do the mini KYC verification before they can enjoy better benefits of the platform.

Personally as long as the KYC verification process is still optional I do not mind if those that passed through it obtain better benefits out of the casino and have access to more games since to me it makes sense that is the case.

For example if someone goes through that process in a casino then it is way more likely that such a player is planning to play there for a long time, so the casino does the best they can to keep the players happy by giving them better offers and bonuses, to me that is completely natural and it is no different than what we have seen for decades with stores giving you loyalty points and special discounts so you keep spending your money on their store.

KYC is something that most people perceive as negative because they feel they will be loosing their anonymity and might triggers taxes or investigations. However, if you are a legit player is actually a demonstration of the casino being actually correctly registered in a law abiding jurisdiction that can actually give you confidence on the management and the law that protects your accoiunt.

Despairo

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Bump

Thanks everyone for the suggestions, especially those who said this thread should be sticked in this board. I will open a new thread on Meta board to see how it's possible to stick this thread. Looking how many new casinos always comes up and doesn't know how this forum with the promotions work, I think this thread will be important for them.

The hot discussion is about KYC matters, this is why I mentioned many people prefer to play on KYC casino even they're doesn't like to submit KYC. Look how big is Duelbits, Roobet, Stake, Sportsbet, Bitcasino, Gamdom etc (KYC casino) while most of no KYC casino is dead or no one interested e.g. LTC casino (scam), minesweeper.games, multidice etc. The only one big no KYC casino is Freebitco.in

wxa7115

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Quote from: Cryptock on April 02, 2022, 06:03:04 PM

Quote from: wxa7115 on April 02, 2022, 05:55:36 PM

Quote from: Desmong on March 28, 2022, 07:57:22 PM

Majority of crypto gamblers are small scale gamblers and don't have the funds to go big. Most gambling platform now normally requires mini KYC which will be enforced during large withdrawals. Sometimes, there will be some limitations to what a gambler can do or games they can play on the platform until they do the mini KYC verification before they can enjoy better benefits of the platform.

Personally as long as the KYC verification process is still optional I do not mind if those that passed through it obtain better benefits out of the casino and have access to more games since to me it makes sense that is the case.

For example if someone goes through that process in a casino then it is way more likely that such a player is planning to play there for a long time, so the casino does the best they can to keep the players happy by giving them better offers and bonuses, to me that is completely natural and it is no different than what we have seen for decades with stores giving you loyalty points and special discounts so you keep spending your money on their store.

If someone is aware that KYC may be required from him then that's fine.

The point here is not that someone agrees to the KYC verification. The point is, cryptocurrency casinos should be anonymous by definition, as that is a fundamental feature of cryptocurrencies. So in my opinion license that requires KYC should not be recommended to cryptocurrency casinos.

Unfortunately most casinos licenses ask for casinos to have some kind of verification process under some circumstances, if you are a small stakes player you may never need to verify yourself as even if you make a big win for your standards it is not going to be a lot of money for the casino in question.

However whales will have problems gambling in any licensed casino while at the same time trying to avoid going through a KYC process, so if they want anonymity above everything else then they may need to find a unlicensed casino which has a good reputation among the members of the community.

Cryptock

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Quote from: wxa7115 on April 02, 2022, 05:55:36 PM

Quote from: Desmong on March 28, 2022, 07:57:22 PM

Majority of crypto gamblers are small scale gamblers and don't have the funds to go big. Most gambling platform now normally requires mini KYC which will be enforced during large withdrawals. Sometimes, there will be some limitations to what a gambler can do or games they can play on the platform until they do the mini KYC verification before they can enjoy better benefits of the platform.

Personally as long as the KYC verification process is still optional I do not mind if those that passed through it obtain better benefits out of the casino and have access to more games since to me it makes sense that is the case.

For example if someone goes through that process in a casino then it is way more likely that such a player is planning to play there for a long time, so the casino does the best they can to keep the players happy by giving them better offers and bonuses, to me that is completely natural and it is no different than what we have seen for decades with stores giving you loyalty points and special discounts so you keep spending your money on their store.

If someone is aware that KYC may be required from him then that's fine.

The point here is not that someone agrees to the KYC verification. The point is, cryptocurrency casinos should be anonymous by definition, as that is a fundamental feature of cryptocurrencies. So in my opinion license that requires KYC should not be recommended to cryptocurrency casinos.

wxa7115

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Quote from: Desmong on March 28, 2022, 07:57:22 PM

Majority of crypto gamblers are small scale gamblers and don't have the funds to go big. Most gambling platform now normally requires mini KYC which will be enforced during large withdrawals. Sometimes, there will be some limitations to what a gambler can do or games they can play on the platform until they do the mini KYC verification before they can enjoy better benefits of the platform.

Personally as long as the KYC verification process is still optional I do not mind if those that passed through it obtain better benefits out of the casino and have access to more games since to me it makes sense that is the case.

For example if someone goes through that process in a casino then it is way more likely that such a player is planning to play there for a long time, so the casino does the best they can to keep the players happy by giving them better offers and bonuses, to me that is completely natural and it is no different than what we have seen for decades with stores giving you loyalty points and special discounts so you keep spending your money on their store.

btc78

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Eloncoin.org - Mars, here we come!

Quote from: _BlackStar on March 23, 2022, 05:33:09 AM

Quote from: btc78 on March 23, 2022, 04:51:54 AM

that is the major role of Money that's why having a gambling site needs really a High budget and independent way of management .
because what is the most important part is not advertising because gamblers will enter your site even without massive Ads , but without funds to make withdrawal will surely end your business and may bring you behind the bars .
so let it be to owners that must be millionaire before engaging in gambling business because we don't know what will happen tot he first bettors if they will make good luck or will end up a loser.

Weak finances have forced some casino owners to shut down their platforms because they can't afford the gamblers' winnings. It has happened quite often that owners have had to deal with fraudulent charges for not being able to pay the winners.

Owners can't just hope to collect as much money as possible from losing players and pay out other players' winnings, without enough money they're more likely to run away faster. But there are still owners who will take this way to make money off other people's losses, so we really should consider new casinos to analyze before playing big.

Indeed and that is why Gambling owners must understand that this business is not just profiteering but also spending , because not in all matters you will win against the gambler because Luck sometimes seats beside them and the jackpot knocks their door and the site will be oblige to pay them and also this is why some gambling sites accused of being scammers because they are hindering the withdrawals and obliging players to go many security terms and ending them not getting their money.

goldkingcoiner

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Oilacris

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Quote from: Chato1977 on March 30, 2022, 05:31:25 AM

all views are valid and i think those are what gambling wannabe needs to have before venturing in this business and not just jumping to try and in the middle of the business they cannot cover the possible big wins and then will run and scam players.
they must be responsible in this area if they wanna succeed in gambling crypto business.

When you are running a business then it would really be just normal that you would really be setting off some max bets if you do like for your business to be bankrupt because if not then if someone

wins big then that would surely be the end of your business since you would really be paying off those winnings and as just mentioned where usually be the case that they do end up on scamming
if they do see that they cant pay such winning which is really a very common for them to ended up on being a scam.

Chato1977

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all views are valid and i think those are what gambling wannabe needs to have before venturing in this business and not just jumping to try and in the middle of the business they cannot cover the possible big wins and then will run and scam players.
they must be responsible in this area if they wanna succeed in gambling crypto business.

yayayo

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Maybe I can add things like variety of games to offer or special or focused game you can offer but the more games the better. Also, transparency of the gambling site and the fairness of its games since even if the owner meets that 10 complete steps for new casino if his website is not fair I don't think it will be a successful gambling site.

ya.ya.yo!

ipanks

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Quote from: Desmong on March 28, 2022, 07:57:22 PM

snip

Only some of them are crypto gamblers who use big funds and we can only see they can win big money. As long as gamblers don't cross the limits set by the casino, I don't think gamblers should go through mini KYC like you said because the casino will still allow gamblers to withdraw their money. But if they want to withdraw a large amount of money and it goes beyond the limits of the casino, of course, the gamblers have to go through KYC and there is a possibility the KYC will have to be complete.

Desmong

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Crypto bookmaker and casino

Quote from: ipanks on March 21, 2022, 03:10:03 AM

Quote from: Woodie on March 20, 2022, 02:19:49 PM

snip

I guess KYC will be okay for crypto gamblers as long as they can win a lot of money. But most crypto gamblers are small gamblers who rarely get big wins in one game or several times playing gambling. And luckily, gambling sites understand that very well and they don't ask their users to complete KYC because they haven't reached the limit they have set. It's also a benefit for those of us who can play anonymously without going through the KYC process because we only gamble in small amounts and our winnings may not be more than $1,000.

Majority of crypto gamblers are small scale gamblers and don't have the funds to go big. Most gambling platform now normally requires mini KYC which will be enforced during large withdrawals. Sometimes, there will be some limitations to what a gambler can do or games they can play on the platform until they do the mini KYC verification before they can enjoy better benefits of the platform.

Lanatsa

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Quote from: TimeTeller on March 28, 2022, 05:23:43 PM

Quote from: wxa7115 on March 28, 2022, 05:03:26 PM

Quote from: _BlackStar on March 23, 2022, 05:33:09 AM

Quote from: btc78 on March 23, 2022, 04:51:54 AM

that is the major role of Money that's why having a gambling site needs really a High budget and independent way of management .
because what is the most important part is not advertising because gamblers will enter your site even without massive Ads , but without funds to make withdrawal will surely end your business and may bring you behind the bars .
so let it be to owners that must be millionaire before engaging in gambling business because we don't know what will happen tot he first bettors if they will make good luck or will end up a loser.

Weak finances have forced some casino owners to shut down their platforms because they can't afford the gamblers' winnings. It has happened quite often that owners have had to deal with fraudulent charges for not being able to pay the winners.

Owners can't just hope to collect as much money as possible from losing players and pay out other players' winnings, without enough money they're more likely to run away faster. But there are still owners who will take this way to make money off other people's losses, so we really should consider new casinos to analyze before playing big.

What happens is that there are some equations which allow you to calculate something called your risk of bankruptcy, what they do is to tell you how much can you allow a gambler to bet as a max bet so your casino never faces any possibility of bankruptcy.

But many casino operators do not know about those formulas, so they allow their gamblers to use too much money on each bet and if they are unlucky then a gambler will hit a huge jackpot before they get the capital necessary to reduce the risk of bankruptcy to zero, and as such they have to eventually close their doors and be forever known as scammers as they cannot pay the gambler the money they won legitimately.

I have seen several casinos applying the max bet for their sportsbetting.
This option is good to avoid total bankruptcy in case, there will be big winnings.
Bankroll is very important for any casino to sustain their operations.
But once they overcome this aspect, it is how they treat their players that will be another factor for their longevity.
If they are indeed serious in this business, they will take care of their players accordingly.

Bankroll management as a business owner would really be crucial and of course you would really be minding on putting up limits on max bets if you dont like for your business to be bankrupt incase there's a whale who do

win or make some big hit which would surely hurt or would really be putting your business into problem which it is really just a default thing .
The rest would be talking about giving good service and promotions and of course they would really be minding about promotions and aggressive marketing and bonuses.

TimeTeller

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Quote from: wxa7115 on March 28, 2022, 05:03:26 PM

Quote from: _BlackStar on March 23, 2022, 05:33:09 AM

Quote from: btc78 on March 23, 2022, 04:51:54 AM

that is the major role of Money that's why having a gambling site needs really a High budget and independent way of management .
because what is the most important part is not advertising because gamblers will enter your site even without massive Ads , but without funds to make withdrawal will surely end your business and may bring you behind the bars .
so let it be to owners that must be millionaire before engaging in gambling business because we don't know what will happen tot he first bettors if they will make good luck or will end up a loser.

Weak finances have forced some casino owners to shut down their platforms because they can't afford the gamblers' winnings. It has happened quite often that owners have had to deal with fraudulent charges for not being able to pay the winners.

Owners can't just hope to collect as much money as possible from losing players and pay out other players' winnings, without enough money they're more likely to run away faster. But there are still owners who will take this way to make money off other people's losses, so we really should consider new casinos to analyze before playing big.

What happens is that there are some equations which allow you to calculate something called your risk of bankruptcy, what they do is to tell you how much can you allow a gambler to bet as a max bet so your casino never faces any possibility of bankruptcy.

But many casino operators do not know about those formulas, so they allow their gamblers to use too much money on each bet and if they are unlucky then a gambler will hit a huge jackpot before they get the capital necessary to reduce the risk of bankruptcy to zero, and as such they have to eventually close their doors and be forever known as scammers as they cannot pay the gambler the money they won legitimately.

I have seen several casinos applying the max bet for their sportsbetting.
This option is good to avoid total bankruptcy in case, there will be big winnings.
Bankroll is very important for any casino to sustain their operations.
But once they overcome this aspect, it is how they treat their players that will be another factor for their longevity.
If they are indeed serious in this business, they will take care of their players accordingly.

wxa7115

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Quote from: _BlackStar on March 23, 2022, 05:33:09 AM

Quote from: btc78 on March 23, 2022, 04:51:54 AM

that is the major role of Money that's why having a gambling site needs really a High budget and independent way of management .
because what is the most important part is not advertising because gamblers will enter your site even without massive Ads , but without funds to make withdrawal will surely end your business and may bring you behind the bars .
so let it be to owners that must be millionaire before engaging in gambling business because we don't know what will happen tot he first bettors if they will make good luck or will end up a loser.

Weak finances have forced some casino owners to shut down their platforms because they can't afford the gamblers' winnings. It has happened quite often that owners have had to deal with fraudulent charges for not being able to pay the winners.

Owners can't just hope to collect as much money as possible from losing players and pay out other players' winnings, without enough money they're more likely to run away faster. But there are still owners who will take this way to make money off other people's losses, so we really should consider new casinos to analyze before playing big.

What happens is that there are some equations which allow you to calculate something called your risk of bankruptcy, what they do is to tell you how much can you allow a gambler to bet as a max bet so your casino never faces any possibility of bankruptcy.

But many casino operators do not know about those formulas, so they allow their gamblers to use too much money on each bet and if they are unlucky then a gambler will hit a huge jackpot before they get the capital necessary to reduce the risk of bankruptcy to zero, and as such they have to eventually close their doors and be forever known as scammers as they cannot pay the gambler the money they won legitimately.

_BlackStar

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Quote from: btc78 on March 23, 2022, 04:51:54 AM

that is the major role of Money that's why having a gambling site needs really a High budget and independent way of management .
because what is the most important part is not advertising because gamblers will enter your site even without massive Ads , but without funds to make withdrawal will surely end your business and may bring you behind the bars .
so let it be to owners that must be millionaire before engaging in gambling business because we don't know what will happen tot he first bettors if they will make good luck or will end up a loser.

Weak finances have forced some casino owners to shut down their platforms because they can't afford the gamblers' winnings. It has happened quite often that owners have had to deal with fraudulent charges for not being able to pay the winners.

Owners can't just hope to collect as much money as possible from losing players and pay out other players' winnings, without enough money they're more likely to run away faster. But there are still owners who will take this way to make money off other people's losses, so we really should consider new casinos to analyze before playing big.

btc78

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Eloncoin.org - Mars, here we come!

Quote from: wildan88 on March 17, 2022, 04:25:44 PM

Money and a budget is crucial. We're not just talking about the costs of setting up a casino, including license and things like that. But you also need a large budget to be able to pay out players, which is often a bigger expense than the cost of the software itself. It is not the case that everything suddenly runs automatically when you start. You should also invest money in promotions and advertisements on the forum.

that is the major role of Money that's why having a gambling site needs really a High budget and independent way of management .
because what is the most important part is not advertising because gamblers will enter your site even without massive Ads , but without funds to make withdrawal will surely end your business and may bring you behind the bars .
so let it be to owners that must be millionaire before engaging in gambling business because we don't know what will happen tot he first bettors if they will make good luck or will end up a loser.

wxa7115

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Quote from: Rengga Jati on March 16, 2022, 07:23:12 PM

Quote from: Despairo on March 04, 2022, 03:39:09 AM

Note: This thread intended for new casinos, that's why it's posted on Gambling board.

1. You need to have a lot money to start.
4. Various advertisements.

All tips make sense and very good to have at least for all new casinos that will promote in this forum.
And in my personal opinion, these two points are exactly essential.
I mean, let's see most new casinos that are commonly successful at least in this forum are those that :
- Have no scam acusition
- Have Signature campaign with BTC payment (this relates to the promotion)
We know that sometimes, new casinos try to make certain promotions using their own altcoin to pay the particiants. I know that sometimes, they may be successful, as some previous casinos here. But, mostly, they will not be as good as those that have BTC payment signature campaign directly, moroever managed by the popular Bounty Manager.
That is why, the casino should have much money to do these campaigns. Cheesy

Compared to other services they need to pay a signature campaign is not a big deal for most casinos, after all when we consider the amount of money they need to pay for a fast host, their gambling games, programmers and customer service a signature campaign seems like the cheapest of all the costs that the owner of the casino can incur.

However even if advertising in other platforms has gained a lot of relevance during the last years, it is clear that casinos give a lot of weight to the reputation and the marketing they have in this forum, as having a negative reputation here can be the deciding factor between achieving the success they want or not.

ipanks

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Quote from: peter0425 on March 21, 2022, 05:59:40 AM

snip

Yes, most crypto gamblers hate to comply with KYC requirements, but if they win big, they inevitably have to complete the KYC requirements, right?

Maintaining privacy is fine, but it also depends on how much money you use to gamble. And most of us forget about this and instead use more money and lose. If they win and the casino demands them to complete KYC, many of them don't want to do it, even though in the TOS, it is written that you are limited by X amount to deposit or withdraw. More than the amount, you need to do KYC. Otherwise, your account will be frozen temporarily.

Sooner or later, when the government wants to interfere deeper in the crypto world, the casino and other businesses will apply KYC with medium or strict rules for people who use big funds. Are you ready, especially if you use big money to gamble?

Topic: [GUIDE] 10 complete steps for new casino into this forum (Read 1120 times)