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Topic: [GUIDE] 10 complete steps for new casino into this forum - page 2. (Read 1120 times)

sr. member
Activity: 2618
Merit: 439
Quote
Get a gambling license.
Many people doesn't like to submit KYC, but they're prefer a casino having license even KYC is mandatory rather than a casino doesn't have license but offer no KYC.
Number 8 caught my eye, and I agree with you that we don't like mandatory KYC especially when it comes to the use of cryptocurrencies which was a product marketed under anonymity but in the case of licensing doesn't this require the casino or sports book carries out anti money laundering (AML) checks which means KYC on its customers??
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.
Wrong , most of the Crypto gamblers hates to comply In KYC requirements that is why Most of the KYC gambling site is not fully supported by crypto gamblers (at least inside this forum ) because we wanted to maintain our privacy and of course security .
Yeah there are big companies here that has many players even they have KYC setting but most of them started operating without KC they have just comply to the obligation depend in which country they are operating so now they upgrade to KYC.
hero member
Activity: 1610
Merit: 507
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.
sr. member
Activity: 1134
Merit: 253

I'm pretty sure most bitcoin casinos in such case would default and shut down just to remake the site under a new name.
Think about it. You make a new site, start advertising and you get first few clients out of which somebody wins big like 50k in bitcoin and you have no reviews, no reputation to protect, no vip clients or anything. There's not much to lose. You shut down and remake the site. It's going to be much cheaper than 50k.

Have several ideas how to get many client with casino gambling without pay much money for advertising, first make as give away before casino is opening by giving offer with deposit bonus, beside advertising is best promoting how to get many member and looks depending and keep profitable with clients getting than pay for advertiser. But right now have many smartest gambler and he know how to check reputation some gambling platform before active for gambling. They will not really trusted with new site actually as easy and domain ID is most important with gambling platform reputation.
hero member
Activity: 2716
Merit: 588
Quote
Get a gambling license.
Many people doesn't like to submit KYC, but they're prefer a casino having license even KYC is mandatory rather than a casino doesn't have license but offer no KYC.
Number 8 caught my eye, and I agree with you that we don't like mandatory KYC especially when it comes to the use of cryptocurrencies which was a product marketed under anonymity but in the case of licensing doesn't this require the casino or sports book carries out anti money laundering (AML) checks which means KYC on its customers??

Most casinos with gambling license are only requiring KYC from its players if they exceed certain deposit limit like $2k.
It depends on the casino's requirements here. But what I encountered here is that if you are just a small time bettor, you won't submit KYC.
Unless, they are seeing some unusual activity on your account. Or you got your big winnings exceeding their limits.
But to make sure you will not lose your funds, be prepared for your KYC if it is stated on their terms.
hero member
Activity: 1792
Merit: 871
Rollbit.com ⚔️Crypto Futures
Quote
Get a gambling license.
Many people doesn't like to submit KYC, but they're prefer a casino having license even KYC is mandatory rather than a casino doesn't have license but offer no KYC.
Number 8 caught my eye, and I agree with you that we don't like mandatory KYC especially when it comes to the use of cryptocurrencies which was a product marketed under anonymity but in the case of licensing doesn't this require the casino or sports book carries out anti money laundering (AML) checks which means KYC on its customers??
legendary
Activity: 1918
Merit: 1122
Leading Crypto Sports Betting & Casino Platform
.........
Your information is helpful. Money is very important for starting any kind of business and money must be spent. Be it gambling business or anything else. In addition, every business must have a valid license. This is the key to business.

However, if the business is gambling related then these are a must have because gamblers have invested a lot of money so they are essential for the safety of their money.
legendary
Activity: 2618
Merit: 1103

That is why, the casino should have much money to do these campaigns.  Cheesy
The bottom line here is that The casino needs to have More money not just for advertising or anything but you know for what?

"They Need more money to Assure the Gamblers that will play in their site about the capacity of the company to pay if chances of winning Huge Amount"

as we knew that gambling is Luck Base and they might not realize that the very moment  they opened the site? first player may win Jackpot , i know that is is rare ocassion but possibilities are there right?

I'm pretty sure most bitcoin casinos in such case would default and shut down just to remake the site under a new name.
Think about it. You make a new site, start advertising and you get first few clients out of which somebody wins big like 50k in bitcoin and you have no reviews, no reputation to protect, no vip clients or anything. There's not much to lose. You shut down and remake the site. It's going to be much cheaper than 50k.
hero member
Activity: 2212
Merit: 786
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.

What you mentioned is definitely true- without a big budget and capital, the casino is bound to fail at some points since it will not be able to efficiently withdraw cash of its players. With this problem in mind, this will most likely result to withdrawal and account issues which would be the downfall of the casino.

Along with a sizeable and relatively large capital, I think having a good and active customer support service is vital to the success of an online gambling casino. Given that it exists solely on the internet, gamblers from all over the world would be messaging and communicating with them on a daily basis.
hero member
Activity: 1666
Merit: 753
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.

Yeah this is a good point.

I see a lot of undercapitalised projects that are popping up left and right.

Some of them even have the audacity to ask for investor funds to get their idea started, even though they have nothing at all to begin with.

You NEED to ensure that your bankroll is well funded, your marketing is done well etc. all before you do your public launch. It's basic common sense in starting ANY business.
hero member
Activity: 1694
Merit: 516
What you say is true, my friend. Business owners need to calculate how much funds they have and roughly what expenses while running the business and how long they estimate can get a break-even point and start earning profits. That is important to know before the business is created so that there are no mistakes in allocating the money they have and they can focus on growing the business into a bigger one. Sometimes, these unexpected costs can be greater than the calculated costs because these could be costs that will arise during the business running.

I agree, any company in today's world needs to do financial forecasts. Casinos don't differ in that form from other companies. Without reliable forecasts what the costs, what the expected deposit and withdrawals, what returns and what the taxes will be, a casino can just gamble to make a profit. Forecasts are also be a good tool to help in identifying the optimal strategy for the next month. For example, if higher withdrawals are expected in the future than it would make sense to offer a new promotion and attract new customers. The most important step for a successful casino is to keep existing customers happy and active. Every casino can run a promotion for new gamblers and attract a lot of one time depositors, but what helps to keep the casino profitable is that the gamblers play regularly. For that a casino need to have some benefits, like a ranking for VIP players, the more they gamble the higher their rake. Also it's important to have an fast responding customer support team that helps gamblers with all their problems.
hero member
Activity: 2002
Merit: 516
Not all casino gambling have to pass KYC procedure because usually I active on STAKE.COM casino site without have to KYC for begin on casino gambling, I know you give announcement early for participant or member have ready with KYC procedure but many casino gambling member looks not agree for passing KYC on gambling platform, maybe you can give way which one several casino gambling site trough without KYC for member and I see on gambling platform forum many vote and opinion they not agree with KYC rule.

OP does not claim in its guide that KYC should be required, just suggests that the casino should be licensed and that is synonymous with requiring KYC verification.
When it comes to Stake.com, you are wrong, because this casino also has a rule in its terms of service that it can request KYC verification from you at any time.
legendary
Activity: 1414
Merit: 1001
= jasad =
Not all casino gambling have to pass KYC procedure because usually I active on STAKE.COM casino site without have to KYC for begin on casino gambling, I know you give announcement early for participant or member have ready with KYC procedure but many casino gambling member looks not agree for passing KYC on gambling platform, maybe you can give way which one several casino gambling site trough without KYC for member and I see on gambling platform forum many vote and opinion they not agree with KYC rule.
hero member
Activity: 2002
Merit: 578
Thats cool, there is rule book for casino's to be publish on the forum itself. It's surely simple and short rule book the only thing is they must read it and follow it. I dont think its very big deal if the casino is honest about their business and they have enough money to get started. Any honest casino would naturally follow such rules. I have seen examples of Roobet, Duelbit, fortunejack, Winzo. They have proper circulation of marketing, budgets, social media presence, giveaways and more! I think if we go through your list then those casino's have already passed the test.  Cheesy

Money: Well, gambling itself is all about the money. Thats the first thing everyone visit the casino's.
I do hope it's pinned here in this board for new casinos to follow and read it and wouldn't be buried with hundred of other threads that generates here. What you cited as an example are an established one and yes consider them to have that since they've grown exponentially in terms of exposure. Casinos are all about money and that's a blatant fact, I wonder if there's other word that's connect them perfectly with the word money, maybe leisure as best but still - it's money.
hero member
Activity: 1680
Merit: 505
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

I agree that when it comes to the signature campaign, it is one of the best tools to promote a casino on Bitcointalk.
As for the manager, I think he is not that very important. It is enough for the casino to give high rates paid in Bitcoin and to secure the payment in escrow. This is enough to attract good posters. When it comes to choosing good posters, it is simply a matter of the time it takes to read who publishes good content and choose the best ones.
Its a been part of the tradition that whenever crypto based platforms whether gambling or any other services should really be having some exposure and advertisements on this forum itself knowing that this place had the biggest traffic in terms of crypto which it is ideal that you should run some campaigns if you are having a business which is based on crypto but of course it wont be that effective if your site
does look bad or doesnt really have any something interesting because it is the most important factor for getting some considerations or attention.

Despite the fact that a signature campaign is an excellent marketing tool, it does not mean that it will be enough to attract gamblers.
Basic things like design, website speed and a large selection of games are of course a must.
The list mentioned in the opening post allows people with no Bitcointalk experience to complete all these marketing details here and use the forum to its fullest potential. In my opinion, this is a great guide for any casino owner.
hero member
Activity: 1610
Merit: 507
snip
What you say is true, my friend. Business owners need to calculate how much funds they have and roughly what expenses while running the business and how long they estimate can get a break-even point and start earning profits. That is important to know before the business is created so that there are no mistakes in allocating the money they have and they can focus on growing the business into a bigger one. Sometimes, these unexpected costs can be greater than the calculated costs because these could be costs that will arise during the business running.
hero member
Activity: 1932
Merit: 622
ROLLBIT > Crypto's Most Rewarding Casino
...But, mostly, they will not be as good as those that have BTC payment signature campaign directly, moroever managed by the popular Bounty Manager.
I agree that when it comes to the signature campaign, it is one of the best tools to promote a casino on Bitcointalk.
As for the manager, I think he is not that very important. It is enough for the casino to give high rates paid in Bitcoin and to secure the payment in escrow. This is enough to attract good posters. When it comes to choosing good posters, it is simply a matter of the time it takes to read who publishes good content and choose the best ones.
I said "moreover", it will commonly add the plus value because it is commonly related to trust. But the basic thing is about the payment itself that is given for the signature campaign and how long the campaign will also last. Oh yes, you're right, I forget to state also about escrow, which is also very important to make us believe in the campaign itself. This is very important, too.

That is why, the casino should have much money to do these campaigns.  Cheesy
The bottom line here is that The casino needs to have More money not just for advertising or anything but you know for what?
"They Need more money to Assure the Gamblers that will play in their site about the capacity of the company to pay if chances of winning Huge Amount"
A gambling platform that is seriously building and developing their platform will of course need so much money for every element to build and improve their platform to be trusted, reputable, developed, and also as what they are willing to. And of course, because of the reputation and also services that they will provide, they will also gain their best income from the suers. That is about mutual benefits.
But, what I have said and discussed above is specifically about the promotions in this forum and it is specifically about the c=signature campaign.
legendary
Activity: 1862
Merit: 1046
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.
legendary
Activity: 2254
Merit: 1052
Leading Crypto Sports Betting & Casino Platform
Having a lot of money is the main capital for gambling sites to run their business.
Not just casinos mate, every business out there needs primarily, alot of money to strive and grow, there are lots and lots of good business and ideas that are dead today due to lack of money to bring it to life, even those that manage to come alive struggle to stay afloat due to lack of money, so money is really vital in every business.
Casinos as a business also needs alot of money for a lot of things which include, promotion, bonus, paying winners, paying workers, paying for servers and other miscallicious expenses, but then, one sure thing is that casinos make really good money from gamblers with which they are able to handle all this expense without problems, this is why many casinos are around today, if the business wasn't profitable, people won't venture into building their own casinos.
full member
Activity: 269
Merit: 101
Thats cool, there is rule book for casino's to be publish on the forum itself. It's surely simple and short rule book the only thing is they must read it and follow it. I dont think its very big deal if the casino is honest about their business and they have enough money to get started. Any honest casino would naturally follow such rules. I have seen examples of Roobet, Duelbit, fortunejack, Winzo. They have proper circulation of marketing, budgets, social media presence, giveaways and more! I think if we go through your list then those casino's have already passed the test.  Cheesy

Money: Well, gambling itself is all about the money. Thats the first thing everyone visit the casino's.
hero member
Activity: 1610
Merit: 507
Having a lot of money is the main capital for gambling sites to run their business because, with that money, they can pay the winners immediately. That is why casinos have to allocate all their money to their respective posts so that there is no difficulty in paying out winners. Advertising is something important to do to get more players who will play on their site and making promotions is something that is used to attract people's interest.

So all the things @OP says are interrelated and that's what all gambling business owners should pay attention to. If they can manage it well, it is hoped that no problems will occur on their gambling site.
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