Topic: How much capital I need to be the House (Read 710 times)

I didnt think of this one but the idea is really good. Even though the profit is not that big, the stress is also limitted and i can focus on other things and maximizing my time. This also can be a good starter for any business plan.

There are many sites with small bets as well as with huge bets offering as much as you want to play with depends on you. One can start it easily without holding a large capital but if you lose then you will have no chance to play if you have no coins left in your box. This play is only for people with enough capital and the ability to begin and lead it to the end will make the ways clear for a good game.

10,000 dollars should be enough to start a casino. You can adjust the maximum bet proportionally to your bankroll: bigger the bankroll is, bigger the maximum bet will be. Not all gamblers will like it, because some of them want to play for real, with high bets, but that can be a beginning.
Once you start earning money with the small, average gamblers the bankroll will grow and you can offer higher bets.

(think twice before entering virtual gambling business, the competitiveness is too strong already)

That a bit harsh to say. Why do you think he would be unable to raise the amount to build a gambling site ?
The OP only needed to know the capital requirements and challenges involved and what Is expected is for you to drop your suggestion and if you have no idea, maybe you should just skip the thread.

We are all very much aware that starting a gambling site is not a bed of roses and  I am sure the OP knows this and the capital needed is huge but probably he has a planned out strategy to raising the money.  Even though starting gambling in his local environs would be cheaper, it still has its own challenges.

Few hundred bitcoins can be a good capital for having gambling sites,less gambling capital will make your site to be less trusted among the reputed ones so make your capital as huge as possible but once you gained good capital your bank roll will increase from onsite and offsite investments.

You make a lot of sense actually; it will really not make any sense to spend such huge money to create a house and then come up with crab since there are a lot of already standard and well running casino house.

Estimated money to build this from my research is over 100 BTC and I am not sure anyone would want to waste this kind of money. So he would definitely learn all that would be needed to make it run smoothly and effectively. Franchising a lottery outlet is not a bad idea. People make so much money, it’s a good idea.

It already came from you that your future in business is uncertain, thus it can be considered as gambling. Anything that you put at risk without being certain on its future is considered already as gambling regardless of your efforts and determination.

You need to have that determination because you are risking  a lot of money in this business.
But to guarantee a success, I disagree with it as business is a gamble, therefore the future is uncertain, either you loss big or your win big, that's the reality here. The way you handle your business will define your future, and determination alone is not the key, you need to have an effective business plan to succeed.

I think you must need to do some research first before you make a gambling business. Take note that you must know if how many gamblers are there in the area where you need to build your business. You need to know too how is the lifestyle there. Are they rich or poor? Are they gambling or not?

In terms of capital, it will depend on how many gamblers are there in the area. If you want to build in the city where there are many people and many gamblers then you need a huge amount of money to become a house to prevent losing. If you want to build in a small area and you want to build a small business only then you need a smaller amount. Bigger capital = less chance of losing I think .

That's the worst thing that could happen to them, but the chances of it happening is very low because the say goes casinos always win. \
Most of the reason of bankruptcy is just the mismanagement, but in terms of the game, they will likely have more success than the gamblers since the odds favors them.

I think you are not reading as what had OP said, he wanted to know if how much fund they need if they are going to build a house edge in a gambling site not to defeat this. It really needs a huge amount before you can build your own gambling site, I'm an expert on this but I think you must prepare millions of dollars where it is good to start.
Crowdfund and investors would be better if you have this, of course, you need to promote your project here in from via signature campaign you need also I think 10 bitcoin for that in long run ads here. So, expensive I can't tell the exact amount.

This very good advice study well what is your plan because they are talking about here huge money to bet the house of gambling isn't easy to got win from the house.

We cant really deny that having funds would always been a great factor on building up a business yet it wont really move if you dont have any funds or its insufficient but i agree on what you have said that good management is one of the keys to have a successful business.Even though you do start up small if you do able to handle it well then you can possibly see it grow and succeed.

There something we need to be out from bankruptcy. Some gambling site falls into like this cause they don't manage it well. As an owner we should take of everything cause the success of our business will rely into our hands.   The failure of yours,  will be the failure of the entire business.

That's the main thing, good management will make your business successful. We do not always argue about money when we want to start a business, because there are still many things we must have to prevent bankruptcy. Even though you have a lot of money to start a business but you don't have the skills to manage it, then it will only be a big bankruptcy.

The house edges, odds and bets limits are to be set precisely  because if you mismanaged them, then the whales and experienced gamblers will exploit this and run away with all funds on your site. You need to fully understand all these settings before you bring your gambling site live.

The reason why limits needs to be set up, as there's big fat whales who can surpass the house bankroll and use it as an advantage to sucked every money inside the house, if such whales is very well experienced they can go and proceed play like a hit and run strategy living the house empty handed.

The first thing which OP needs to be focusing on is the marketing. You need a good marketing strategy in order to compete with the existing gambling houses. If you have the money, you will be able to get a gambling site made but only good marketing can make it successful.

Even casinos with large capital can go bankrupt, its why casinos have max bet limits so whales can't demolish them.  Even though the odds are in your favor as the house it doesn't mean you can't hit a really long losing streak.

Exactly. That's why I suggested building the site first using funds from some other source, and then just get more investors later.

Crowdfunders tend to be picky. Either it offer something new or try to cater to some niche (for example the site also have platform for beetle fights that people can bet on, etc).

Simple answer, You have to have more money than what the players are wagering..that's the reason why the house usually has a limit to how much you can wager based on what they can afford to pay out.

You don't want to have a high roller who will match your capital and leave you with nothing after having a good winning run

You do not have to worry about just money but so many other things as well. You need great team, great coding masters and above all a user friendly platform that could attract people. Normally people tend to stay away from the gambling sites which require them go through KYC. In addition, you would have to worry a lot about costumer care when you really want to be the house.

If you want to be the house by building gambling sites then it could be a lot cost of money because besides money for the house then you have to maintain your sites and i heard it was not cheap to get secure sites but in my opinion the money amount are depend on how far you able to get the players because if you not able to get plenty of players then initial money to being an the house is not too big

If you own a casino, then your bankroll can be of any value. But if you have a low capital, then you will have to set a low maximum win rate by users depending on the total house value. Or else, someone might come and win everything in just one bet and you will lose everything. Again, people don't like casinos with small maximum win. So, you the higher the capital, the better it is. The best thing to do is just invest on current bankroll of some  well known casinos. As far as  i know, crypto-games.net still has their investment option open!

So you want to have a gambling business in short right? If you want to build your own gambling house make sure that you really want it, make sure that you know what you are entering before you make a first move.

I think there are too many issues with crowd funding and I will not even recommend for an upcoming brand. The major challenge is that of trust, convincing investors on how credible you are without prior record can be so difficult and without trust it will be difficult to raise money to meet the target.

Another way is to write a business plan and show it to close rich family members, family would always come through and seeing a good business plan with great potentials, they would definitely give their full support. I read from the comments that starting up a casino house is over 500BTC, it’s a whole lot of money, it would take a lot of efforts to get this kind of money.

Waoh 100BTC is a lot of money. How on earth can I raise this kind of money so I can set my family free from poverty? If I have that kind of money I promise myself never to go broke again lol.

Back to the OP , if you are able to raise this kind of money, you have to do everything possible to separate the casino site from the Regular existing sites, Go aggressive like the upper poster have stated and be sure to make a difference.

There’s no business without its challenges, you might experience few of them at early stage but with determination, I guarantee you would overcome all the challenges and  at the end of the day you would be glad you started.

It can actually be expensive to build but from my research making back the money spent does not take long. From Research, Steve Wynn built one  at the cost of $630 and that was in the year 1989. I am very sure building something like that this day would be worth much more than that.  

So many people and analysts called him crazy for spending such an amount of money in building a casino house and he was indebted but he cleared all his debts in less than 8 years and starting making profit. So I personally feel no amount is too much to spend if one has ways of raising he capital. And I am sure all issues can easily be sorted out since there is no business without its challenges.

Crowdfunding wont really be that effective unless if you are already an established gambling site just like we do saw on Betking ICO it is plausible but for a start up for a gambling site then its impossible to get some investors unless if the gambling site you are proposing do really have something unique or do spark out someones interest to put up some money then you are on luck but most of the time it would really be hard.

That's very huge, I think one can start even below 100 bitcoins since you own the casino, you can set the limit.
What you are talking here is running a serious casino that can take care the high roller.
Well, if you have that kind of amount, why not go aggressive, but bear in mind that the early stage is very challenging though you have the capital.

It's important you can market you casino and build its reputation. 



May we know how much capital you can afford mate?

This depends on so many things that we can't start to actually put a price on a casino. First of all is the creator a developer ?
If he is a developer than we can remove the developer cost, if not we add developer cost. Is the creator a designer ?
If he is we can remove that if not we add that. Is he marketer ? We... well you get the point so there are so many things that goes into building a casino that house actually could have 100's of things that change the price.

Moreover, if the website is purely ready and just the house bankroll is the question that it could be as much or as little as you want since you can just limit the max win as little or as high as you want. If you have low bankroll you allow people to win max 0.1 bitcoin for example, or if you have high bankroll you can make it 10+ it all depends on how big you want to allow people to bet.

It would definitely require a lot of money and its something that I feel the OP should be able to raise because considering the expected profit, one would know that it is worth it. If I knew all about the startup amount needed to start up and all, I would not mind also learning more about how to do this business, because it’s a good profit making business.

Having so many competitors is not an issue, is just to give his own site a good standard that would attract players to the site. And once its is already known to be reputable with varieties of games, then he is sure of many players visiting the site and money starts rolling in.

I don't have an estimate in mind but I agree that crowdfunding is the way to go. For that to succeed though, you better have something good to offer. If your just like any regular casino, why bother investing when they can just play with their money elsewhere?

Assuming you do get crowdfunded, if there's nothing that sets you apart from other casinos, the established casinos with just beat you, after all they already have userbase.

How about franchising a lottery outlet first? Those earn ALOT. Pool money from friends and once you've already paid them off, you can invest the income into an online casino. I believe the franchise cost around $10k.

Right if you want to create a casino site, of course you need very very large capital. You can't just run a house with mediocre capital.
You need something very big, because in the house algorithm, they usually suffer losses first, and you need big funds to recover it

To be a house the user needs to have a good capital if it is a sportsbook. With casinos there will be specific house edge on each and every game played. Being a house is not that simple as playing and getting paid, lot and lots of issues arise in between which needs to be sought. From my understanding to be the house it needs at least 200 btc.

agree on you boy . starting up a local or offline casino is more easier  . you can just directly buy some cards or dice and you can just use your own furnitures then voila you have your own gambling shop while if he is dealing with online gambling site i think its pretty difficult as there are lots of requirements needed not to mention that he also need to promote his site hard becuase online gambling site is a huge industry with lots of good competitors .

It takes a massively amount of money or crypto if you building a house in a casino. First, you need to promote this just to gather more clients and also dev for maintenance on the site if you going to have an online casino. In this gambling industry, you need to have cover expenses because there are too many competitors out there who have also a casino. I didn't have experience owning one casino so I can't state the amount of OP need before he had a casino.

Shares could even go down if multiple users are winning high bets on the same day but mostly this level out on the long run.

As starter those high bet winners are mostly the ones to take in mind when doing calculations.

Even if you sell your house that wasn’t enough to start a gambling site..(not unless you have a luxurious house and lot lol)

Maybe its better for you to start gambling in your local place to have enough capital to make a online gambling house,because it is much cheaper and easily to operate as well

Why would you need to be the house if you can just enjoy playing the games? Well, it's your own perception and I respect that. Well, you need to do further knowledge about the thing you want to be to be able to know your capacity and capability to be the house. For sure a big capital is in need for that so you need to have earned a lot to fund or provide to be able to become the house. I do not want that real pressure in my life upon getting engaged into gambling that is why I just tend to play all throughout and do not certainly mind always winning because I just bet in small amounts that is why I can still enjoy my gambling games with no worries which I did into the best crypto casino that I am currently into which is Vegas casino wherein I can play conveniently into it because it accepts Bitcoin deposit to be able to enjoy variety of games that I love like poker, slots, black jack and many more as well as their great deals of bonuses for doing my deposits in terms of Bitcoin.

But still, to start a gambling site need big money and I guess that will need more than $10,000 because we need to build a new gambling site which will be different than the other. And if the site is not too big or too complicated like the other site, maybe we can press the budget to be cheap than the other.

The big expenses will happen to the code of the site because if we don't know anything about programming the site, we need to hire someone who can program the site to work properly. But if we know about programming, then we can cut the budget so we can use that money to use for the other thing.

I don't think it's that expensive if you're just trying to put up a small neghborhood gambling shop. I mean, all you need is a place to set up your small casino,  few cards and chips, a couple of means of entertainment and lights and your neighbors can come in and play. If you're planning an online casino though or starting a pretty big one, then it's going to be a little difficult both in effort and expenses.

I don't think that you need a lot of money to start a venture like this.
Money are accumulated as you operate from the amount of money that are played in your casino.
You should better focus on creating your own strategy and plan on how you are going to dominate the industry and give reasons and incentive to people to gamble in your site.

Just get used to it on where some newbie members doesnt really even know the terms here on gambling field.He much preferring the house literally 

When it comes to capital then the bigger the better but it isnt really that necssary yet you can adjust the max profit or max bet of your gambling site depending on how much bankroll you do have.

Therefore it's very expensive to own a casino, I mean a legit online casino.
200 BTC is equivalent to more or less $800,000 now at the current exchange rate of BTC = USD.

If OP have this amount, it's also not a guarantee that he will be able to run the casino successfully, there's plenty of factors to consider.
He should hire a consultant or an expert in this field, so this will not be come a failed investment in this side.

I don't think become a house can be estimated because technologies are coming out and many gambling sites are adding different features to their gambling sites.  It is important you should seat down and analyze what you think you can do different from the current houses and if that will bring gamblers to your sites.

For what I've known you really need to think about the paperworks, legality and also the concept of your new gambling site since there are a lot of gambling websites which is more trusted (You need to attract the gamblers to your site so you really need to think a strategy or uniqueness of your project) It's true that it's a good business however but needed a high amount of money in order to make one.

Yes they voluntarily come to gambling site... only if the site is good and unique but if you're just like a lame gambling sites without any uniqueness no one will come to your website.

Several suggestions have been put forth by the users to make an investment on the house. This way one can invest from very small amount, but to be the house owner of a bitcoin casino at least 200 bitcoins is a must. This gives regular earning for the owner as every game will be allocated with a house edge.

Presumably, I think that is what he's talking about and I guess he is just confused over about the topic of the house But if you would look closely he even indicates the capital and the proper knowledge maybe building one, But I think we need to just explain that the house OP was talking about was not a literal house but the house edge on certain gambling casino's and gambling sites,

And for morrisgonzalez this is the gambling section learn to read carefully before taking a topic,

What the heck you are talking about? You just bumped an inactive thread with non senses reply. Dont you understand what is being asked in this thread and why you reply it with something related to a real HOUSE?

Basically it's depends on some things. What is your capability, how much expensive house you want to build, how much capital you have etc. First thing you have to enough knowledge about this then you analysis the whole thing that you want.  Look you should gain proper knowledge, have some times, analysis the whole thing then you come to this that how much capital you need to the house.

Honestly I dont want to be rude but @swogerino overexaggerated the issue. Its nice to have a team, have a lot of money to invest, have a business plan, a roadmap......... but fuck it lets face it, bootstrapping with a single good developer that know how to market a business with minimal investment is not unheard of.

If you plan to open up a casino, you could very well do it with as low as 1btc. Of course you will adjust your payouts accordingly, you cant afford whales just yet. But there are a lot more questions to answer before that, the 1st one being : why will people gamble with you? If your casino comes with the same content as every other site : Live casino, slots, sports, card games, dice.... You're already treading muddy waters, the market is saturated with that stuff. So think of something new and fresh, build your community.

If you simply cant innovate in content, you need to up your marketing bar : innovate in bonuses, marketing campaigns that reward on-site bonuses with goals just close enough to reach, but far enough to make the majority lose and deposit out of spite.. All kind of ways that make you lose a minimum, hell, casinos have marketing techniques that MAKES them money. Shit's dark, but everyone does it.

If you still cant come up with something... theres always boobs, boobs work too.

I also love to know how much is needed but I guess everyone who's thinking of running his own casino needs to have a decent amount.
Guessing, 100 BTC is likely gonna help you build your own casino, there's a lot of things to consider, having a capital is not the only requirement, you also have to focus on the market so you can attract gamblers that will play in your casino, and that's a hard task also, considering the strong competition in the market.

Start by making a plan for your gambling site and look for trustworthy people that will help you. Gamblers come and go but if you don't put enough effort in to your site you'll end up losing your regular players meaning less bets and profit for the site.

Someone already mentioned it above. Having a small capital is not risky you can still get a profitable result if you can limit the bet amount or payout it's all about risk management. For example if you have a 10 BTC capital the max profit should be at 0.05 BTC/0.5% of the bankroll or less it's up to you.

In the Op he has mentioned that it doesn't require much efforts. In reality this is not the real fact, it requires a perfect learning about the industry. Importantly there are people who just copy the script and tries to make a gambling website with some amount as capital for the house. To make a gambling website successful one needs to focus on lot of things starting from the analyzing the game which interests people into gambling. Allocation of capital fund for the house comes in the later stage of development.

How about to start with 20 btc, you buy a domain name, hosting server and also buy some script code for the gambling game or you can hire some programmers to create a new site from scratch. Focus on one game if you don't know what game you want to build, and I think dice game would be excellent. We know the more bitcoin for a start will be good because we can prepare for everything until it's ready to launch and introduce to people. Don't forget to have a support system because this is the important things the member should know if they have trouble and they can solve in a short time.

You can study and make a research for that and you will see that you will be able tl know what is the next you do or what is good. The better capital for that I think is thousands of dollars. But it depends to you how much you can afford or capital. Always make a plan for this so that you will not lose any of your money or your capital. Just try to anylyze also each of what suggestion thay we given to you to know what is the better for you. Best for your success in the future.

Yeah using small capital is certainly very risky, because the house system is to recover losses, they will let players win first before
the house takes their money again, from that you need a very large capital dude, and 10-50btc is too small capital for me

Yep, now I understood. So far, I realized my thoughts about capital are totally wrong. Because I don't think before that there are gamblers hold more than 10 BTC or even more who can bet as much as 1 BTC per stage or per game.

Thanks~

10btc is pretty low . you know there are powerful people out there who holds more that 10btc and they even got 100's or 500's of btc .  there are also gamblers that play over 1btc per bets  though you got a point  . we cant still secure our winnings and even if a gambling site has only a little capital there is still a potential that they can win  .

To be honest. I was surprised about the capital to start Bitcoin Casino and being a house. Because I think, the minimum capital of 10 BTC is enough to be a house. But evidently, the minimum capital 10 BTC is not enough because even with 50 BTC of capital we are at risk of losing the casino. Damn, that means I really don't understand the theory of being a house.

It is theoretically possible to start with any amount of capital as long as you adjust the maximum payout size accordingly. This would best be determined by the Kelly criterion. Presumably, you would want a bankroll that allowed customers to wager a decent amount before starting. One way would be to determine what you think a decent "bet limit" would be and use the Kelly Criterion to determine what bankroll you would need to offer that wager and go from there.

I've gambled recreationally over the last 8 or so years. Its a competitive industry where larger and more established gambling firms often hold considerable advantages over small and relatively unknown operations. There are also many underground gambling operations, which have ties to organized crime. Running a gambling business, these types of people would be your competition and you would vy against them for market share.

From a consumer's perspective, its not necessarily so much about start up capital. A person could conceivably run a gambling op with a low betting minimum of 0.00001 bitcoin and not need a lot of capital to sustain business.

I think that it is a competitive industry and people tend to forget success or failure can hinge upon how innovative or value intensive their end product is. Starting a business is like deciding one fine day to build and sell mousetraps. If you have a better mousetrap that makes things easier. But if your mousetrap is like everyone else's, your competition will often have many advantages and the luxury of experience which can be significant obstacles to overcome.

Lol! I seriously love your confidence when you think it doesn't need much effort. If I knew about this mentality of a gambling website owner, I would not even create an account with you.

Just like any other business, gambling business needs transparency and a genuine mindset to run a genuine business. I strongly condemn your business mindset which looks like an obvious future scam!

There's a feature known as "provably fairness". Do a google search to know what it is. Even casino owners don't have any control on the betting outcome.

Every second matter, right ?
It's difficult to decide except you've learn more depth about capital/budget and I think 1 BTC still not enough especially if you finding big whale gambling in your place. You must prepare things very carefully or you will bankrupt without being expected

Just by playing some games and seeing the winnings of houseedge wont be good for you to take it that the house edge is always winning, their are some big gamblers who just bet high some bets and win high and go away so it will affect the house edge. so anything trying to start before that see all the views and cons of the projects and then think of starting your own gambling site.

We do already need some gambling games which isn't still on the market and if he create just another dice or card games then it would
really be a tough thing.Lots have failed or didnt get any attention or players because normally gamblers will choose the reputable ones rather
than on newer ones.Capital doesnt really need to be big but you must show that you do have the capacity to pay up the players so
max bet or winning should be set.There are lots of things to be considered first actually and its quite complicated overall and as an owner
it doesnt mean you would just need to sit down and watch your profits grow.

True, you have absolutely no control over the house-edge that that particular website has, so profits will be limited because of that.
Starting your own casino is very difficult these days, I'd say that the market is quite saturated and it would be very difficult to enter it.

Unless of course, you can offer something unique or have massive funds for marketing of course.

Seems like you are completely blank about gambling business.Just like been said above by some members try to study first before jumping to this venture.
It sounds too easy but this business is still complicated and do really need some serious stuff to be done specially on thinking on how you would lure people to your site.
Its not really good to think for people to voluntarily come to a site without proper introduction nor popularity.Instead on earning few bucks you would lose up instead through expenses.

There’s no specific amount for that, but I know it will be too expensive. Maybe making your gambling site legal and apply for some regulations can cost you already a million so better not to do that at all if you don’t have enough resources. People come and play in a trusted gambling site and in order for you to be trusted, you must invest first big money to support for your gambling site.

The mechanics are quite simple but the amount of capital you need to invest is really high. I dont know either what documents i need to have my gambling site legal. I guess ill just continue to bet on sites little by little and hold coins for the rest. But when the time comes i accumulate the amount of money needed, i guess it will be worth a try.

Make sure that even if you’re investing in the bankroll of a casino you’re only putting in a small much as you can afford to lose, as there’s always the chance you could lose part or all of your investment from a whale on the site you invested in or from the site you invested in being hacked. Both of these scenarios are rather unlikely, but planning for the worst is a good idea.

Owning some shares of a gambling sites is the easiest way to become a house though its not that profitable but at least its hassle free and affordable. Bigger capital need in this kind of ambition, you can dig more on your goal but always set a goal that can be more reachable and possible, always be more realistic.

Mostly you need a working site and a group of people interested in continually returning to play and put the effort to use your site.

The capital required would be a function of the size bets on the site, if you could get people to bet very low amounts and still be interested then you dont need much at all.   Its not impossible if the graphics were amazing or the gameplay on the site really involving, then the game sells itself and who cares about the money.

Maybe advertising could cover the server costs but I guess you would need startup fees to launch at least.   Very short term you could use free hosting of some kind I guess

It's a long way to go if OP wants to be the house and as @swogerino said, OP needs at least 50BTC for a startup. Though whales could easily play your money if you are below on them.

I agree that it may not need a larger capital but with the help of some investors, they start to climb their way up to the top. But just like i said, it's a long way to go.

Not that much actually. You can already be the house by investing in a trusted cryptocurrency casino.
Crypto-Games is one example and here are their minimum investments:

0.01 BTC, 0.25 ETH, 0.5 DASH, 1.0 LTC, 1.0 XMR, 20,000 DOGE, 25 STRAT, 50 PPC, 0.1 BCH, 15 GAS or 5 ETC

When you're an investor you are technically speaking the house.
Though, you should stay away from any website that offers leveraged investments, that's almost the same as straight up gambling your money.

it depends cause in theory you can start a site with any amount but max win would be small if the capital is small , for example you can have 1 BTC and set max win 0.01

gambling market is really profitable but there are tons of competitors so having success isn't easy especially when you don't have money cause you should spend money on marketing and events as well

the easiest thing these days to open a gambling site is to make it investor based , this way you may attract some investors and you will still be making a fixed percentage of the profit long run

I haven't experienced opening a site , but I mod in a site that's investor based and you can't imagine how hard it's to attract some new players even the site is really good

It's not like most of the casinos these days are crowdfunding by investors, so they don't really need to start with a large capital as long as they gain trust as the site grows.

Then the site can open up to investments and the site's bankroll skyrockets ( most of the time. )

That’s a lot of money, I’d better to invest on cryptocurrency and live a simple life with a lot of money. Its not easy to run business, you have to put more time and effort on that especially in a gambling site. Think again if you still want to push it through, look for some professional who can help you on this, I assume you are well aware on this.

You can't be the house without a structured and well detailed business plan. Then in this plan you will have your people which will also give you different suggestions to choose from. However as a bare minimum you need at least 50 Bitcoins and that is a low amount because a whale can play and if he wins , you have lost your casino. True good casinos start with 500-1000 bitcoins.

First, you need to make a study before making anything else. You have to analyze your capablities, if you don’t know much about gambling then it will be hard for you. Create a team that can work with you, you can’t do this alone and of course you also need to have major investors that will play a big role for you. Money is easy to get if you already have a clear plan, and strategies so work on that first.

On a betting game, we all know that the house always win everu round. With this i think what if i try to be the house. Not thinking about the paperworks, locations and legality. I think its a very good business and you dont need much effort to do, just cards or dices is enough. People come voluntarily on gambling site anyways. But how can i start? What do i need to do? How much capital do i need?.