Topic: Help us build the greatest crypto casino - page 4. (Read 1190 times)

Even the decentralized crypto gambling is not yet out we k ow that it will come very soon. The software programmers are working on it right now so it will hit the gambling space very soon. There is nothing to add to the casino platforms again, and all what we want is, there should be no delay in deposit and withdraw and let your KYC if there is any should be transparent. And I think with those few mentioned of my you casino will be one in the casino space.

I think we don't need to detail each of those specifically.

As a gambling enthusiast who wants to operate a casino, a better service should always be the priority and there's a bracket under that which includes all factors that are needed to execute. What are the factors? Those are your assignments and just do the homework with proper brainstorming with your team and staff. Bonuses and promotions, good security, good customer support, etc. are already common and should be must-have traits of a casino.

Rather than it's the community to pin point what's the best, surprise the community instead on what you can show off.

We can say that you could really be trusted but how you would really be able to prove it out ? This would be the toughest challenge and the only way on doing that is to prove out with your unique concept on what

are the games or how you would be establishing your platform but i should say that getting trust with having that kind of claims or even just showing some blueprint knowing that money involved isnt something that small on which investors or possible funders would really be having that kind of confidence on making your ideas into fruition or something that becomes reality. There might be some exemptions but these kind of moments or situations are really just that rare that there's someone would be backing you up even if you do have zero funds.

If the idea was truly magnificent and something that poke out someones interest then it could be possible but just as i said that it would less likely for it to happen because
most newly launched sites or even those old ones did really start to build their site with their own funds.

Everything they say is very true, but the truth is that with 15K it is not correct to start, nor is it very healthy to do so, because obviously things are going to go wrong, there are many people who have tried to get ahead with a low balance and try to capitalize with the players and what they deposit, but it is a high risk thing, since the players sometimes bet and win quite a lot of money, and $15k is money that can quickly go sometimes even more on a players bet The most important thing about a casino for me when I start is that it has enough money, because the competition is great and things can get worse when you have little money, there are times when they occur in casinos that have to make manual withdrawals, that every request for rettiro has to be handled in a way with reviews to see if what he did is right and all those things are the ones that one time as a player thinks badly, that they don't want to pay or something like that, and most of the time it's like that, they don't do Things are fine and that is why in the end it turns out to be a casino scam, because they fail to make the withdrawals because the withdrawals are greater than what they have in the capitalization and they fail.

This has Happened many times here in the forum , I don't know if any casino has Really paid off doing a practice like this, but the truth is I don't recommend it, firstly because to set up a casino you need a lot of money, apart from this you would lose a I work on security , the Environment , buying games from the providers, apart from each agent who makes the contests, the devs, a whole great infrastructure, these things are worth money and it is not worth it for things to go Just because you don't have money, if you already have an infrastructure set up like this, it's best to wait until you have some money, much more because things can get Complicated later on , Plus each person with their money is very jealous and with all the reason, everyone takes care of their money, and it's nice to play in a Casino , and Win, so that you can't Make a Withdrawal.

There's no how you can make use of a crypto casino without having any challenges with them because they would have set down their own standard in their ToS which us expected of everyone to follow, also are the same expectations from the gambler's interest in seeing that they have a better experience in using any gambling platform, they wouldn't want to have issues with KYC, withdrawal or any form of restriction or ban while using any gambling platform.

My opinion for OP, it's quite simple if you want to know the development of great online casinos in the future.
1. Create your online casino first.
2. Advertise here and make a review, pay them a few dollars to review your online casino.

In this way, you will easily implement the best features in your casino and you will easily update your customers' wishes when testing your casino, maybe that's better, rather than you going back and forth asking the same thing here about building a casino, while you don't move at all. Don't sell invisible products.

You have a casino, users here will test your casino and you will find satisfactory answers for your casino in detail and professionally.

Well this is a Web 3.0 casino and you can only bet on chain if you use altcoins, currently Bitcoin isn't support to connect dApps. But the drawback of this casino is many people might not trust the casino and feel skeptic if they might lose all of their tokens after connecting the casino.

Although there few casinos are adopt Web 3.0, but there's no one become really successful.

You are very correct aside from the fact that capital and new ideas are needed but also far from that is the need to build a good reputation in the market and how also their handle their client's issues as they arise from time to time, Most casinos lately focuses more on introduction and implementations of new ideas I form of new game but some of them failed to meet up and there may end up as an exit scam but much of the long-running casinos that we have around that have proven their integrity in the market have all gotten that from the usage of reputation building and winning their player trust.

It requires capital, yes, but more than that, it requires trustworthiness. Its a saturated market, as you rightly mentioned, and standing out requires not just a unique idea but also a robust execution plan.

Dont think for a second that you can walk into a room, ask for millions in funding, and expect investors to throw money your way without any assurance. Trust is earned. If you cant provide confidence and assurance to those backing your venture, then you're just another fish in an ocean of many.

Be innovative, be different, but most importantly, be trustworthy. Because without trust, you're building your casino on quicksand. And I've gambled enough to know that no matter how good your hand is, if the foundation is weak, you're setting yourself up for failure. Dont be that person. Stand tall, stand confident, and ensure your casino's blueprint is rock solid.

The single best thing a crypto casino could do in my opinion is not have deposits available. Do all the bets on chain and suffer through the fees. That would make everything transparent, would eliminate a large attack vector with hackers trying to steal deposited coins, and would eliminate a lot of customer service issues.

If you do plan on a business something like this on having a casino then you should really be preparing that huge amount since this isnt a business that you could really be able to build up with some few bucks on which it would really be just that right that you should allocate big considering that casino bankroll isnt something small as we do all know. IF ever you do have plans on asking for some funding then this is where
things even more harder on which there's no way that you could easily hooked up investors trust for them the reason to support you with your endeavors on running the business.

If they cant really be able to feel out that kind of assurance then for sure you would really be just ignored out but if you have present them something that gives out that kind of confidence and really get convinced then you would definitely be getting that approval on which it is really that something that could potentially made you successful but well everything would really be in accordance on how good your casino would be specially into its blueprint or whatsover on  what makes those investors would be interested. We know that this market is already that saturated and almost ideas had been applied or currently existing
which having that kind of competition against with those current existing would be needing something like new.

When a project presents itself well, there is no Problem if things are done well and with the appropriate steps, and if there is an initiative to have a native Currency , then something has to be done Quickly before clients lose, and that is that they can have access that can be activated in a centralized exchange, I have read some Threads where the players do not want anything with Decentralized exchanges and that is a problem because if an investment is made of these , the best thing is that once and for all they tell the clients that If they are going to comply with putting it in a centralized exchange and what they have to do quickly is have a good scheme and above all enough money.

Presenting your project with a clear and comprehensive business plan is essential. Demonstrating a deep understanding of your market, identifying potential challenges, and offering solutions for those challenges can help you stand out. A prototype or a minimum viable product (MVP) can also go a long way in showcasing the viability of your project and giving investors a tangible example of what you're aiming to achieve.

With these things I believe this somehow will get the attention of those venture capital to be at your project you are doing. As long as your product serves a purpose, like a real purpose and is not just a shill pump and dump, then it will be fruitful.

Building a casino is not just easy and also it will take some months or even year's to decide cause casino is a big business that you ever had. But in the other hand before creating or building a casino you must have a capital money to build cause I'm of you want to build a casino it will spent hundred thousands or even millions cause you need to have enough money to promote your casino as we all know that you need to build your trust.

Entering the competitive world of gaming? A friendly game of poker isnt all that it is. Stakes are high for this big league game. Well-written business plans are the cornerstone, as you mentioned, but they're not the whole story. Acquiring comprehensive knowledge about the industry is essential if you hope to challenge the industry leaders. Take a look at the successful firms. Yes, indeed! Nevertheless, look deeper than meets the eye. Learn what they are hiding by probing deeper.

Who would be interested? They arent allies. Your mind may spin quicker than a slot machine from the questions they will ask you over and over repeatedly. Be ready! Discover what makes great casinos tick by delving into their experiences and picking their brains. Furthermore, if you believe that six months is sufficient for this in-depth study, you're deluding yourself, I assure you. All right, fasten your seatbelts and concentrate

I think you should be open to investments from anywhere and not just from the casino industry. I think those who are already running their casinos, won't be much more interested in funding your casino as you are in fact developing something that acts as a competitor to them.

If your project is really promising, you can find investment partners if you offer them good profit-sharing margins. Anyways, the first thing still remains that you need to have a project plan and a start-up prototype, in order to convince them for the partnership.
The same goes for the sports betting site new setup.

Funding is one critical aspect of this business and in doing so you most have to have huge capital to provide start up liquidity for the casino because you don't know what the first bet could wether it be a jackpot that could cripple the business when you are unable to meet the amount in liquidity when the player win and want to withdraw such amount.

So for a potential casino to have a balanced starting point,  it needs to place high priority on start-up capital because liquidity is the bedrock of this business.

Decentralized casino was never a problem when directbet was there, I don't know why they closed their services but we never had to create an account there and the bets were direct.


Challenges:
KYC is the biggest one
Too much questions asked when the casino blocks you from withdrawing, this should be stopped because they ask everything about us and still don't process the withdrawal for any specific reason they deem fit.

Problems:
Stuck withdrawals
Long deposit times and even longer withdrawal times, this should be instant
Fees must be borne by casinos as they earn a lot over our losses
Wagering requirements are insane on some casinos, they must bring it down to a reasonable number

Complaints:
There have been some big casino names who scammed many users for their money, I don't think we can predict the casino's intentions from the start and even till it becomes the best in industry, but when such reputed casinos scam and run away, how will we trust the remaining and upcoming greatest casinos?

indeed that the competition is being tighter and tighter each year as there are so many competing casino in which provided by the big boys andit isn't that easy to make them compete/
and the main problem is ? OP has only 15k usd capital in which so small if he wanted to build a Greatest casino as how he described .

No I don't have any relationship in this business yet and to be fair I think the only type of investors that could be interested are individuals from the crypto / casino industry, no VCs or investment firms would get into that. If there are any individuals that would be potentially interested or would like to make an introduction on this thread, I'm happy to discuss further !