Pages:
Author

Topic: How to make sure you don't lose money - page 12. (Read 4715 times)

hero member
Activity: 1330
Merit: 569
July 04, 2017, 02:11:20 AM
#28
I'm about to launch a "gambling" website soon which will not take any fees at all and will only live off ads/donations (not sure how well it will go, but we'll see). So the chances to double your money would actually be 50%, not a bit lower. I already have implemented a coin flip mode, where one player creates a new coin flip game and the other joins it, but I also want to create a mode which does not require a second user. For example slots or roulette, since you can play it alone and don't need to wait for a second player. One of the main reasons I want that kind of mode is that because most likely at first the website will not be frequently visited and I don't want users waiting minutes (or even hours) just to play a single game.

And I could make a mode that you could play alone, but what if someone keeps winning and winning? The money the player wins won't come from someone else, but from me. And I don't want to risk losing everything myselfmyself and then not have enough money to give out.

Anyways, I need an idea for a gamemode that a player could play by himself (WITHOUT a house advantage) without there being any other users on the website, while I wouldn't have to risk losing big money myself, because some user got lucky.

I think this is impossible, but perhaps there is some way, I've been thinking of something like "out of every $10 played, $5 will be lost", but I believe it could be abused and what if someone bets a huge amount once and wins?


So, any ideas?

There is no way for a gambling site not to charge anything at all because even the gamblers won't trust that site and I want to know the amount of ads that will be enough to pay the bills from hosting to security down to administrators considering that its an upcoming site in which the traffic won't be high enough to generate the right set of ads to pay enough. Relying on donations will be another worse of situation because that will only occur from 1 out of say 30 winners. The way to go is to reduce the house edge to the minimum.
hero member
Activity: 2646
Merit: 686
July 04, 2017, 12:06:29 AM
#27
I'm about to launch a "gambling" website soon which will not take any fees at all and will only live off ads/donations (not sure how well it will go, but we'll see). So the chances to double your money would actually be 50%, not a bit lower. I already have implemented a coin flip mode, where one player creates a new coin flip game and the other joins it, but I also want to create a mode which does not require a second user. For example slots or roulette, since you can play it alone and don't need to wait for a second player. One of the main reasons I want that kind of mode is that because most likely at first the website will not be frequently visited and I don't want users waiting minutes (or even hours) just to play a single game.

And I could make a mode that you could play alone, but what if someone keeps winning and winning? The money the player wins won't come from someone else, but from me. And I don't want to risk losing everything myselfmyself and then not have enough money to give out.

Anyways, I need an idea for a gamemode that a player could play by himself (WITHOUT a house advantage) without there being any other users on the website, while I wouldn't have to risk losing big money myself, because some user got lucky.

I think this is impossible, but perhaps there is some way, I've been thinking of something like "out of every $10 played, $5 will be lost", but I believe it could be abused and what if someone bets a huge amount once and wins?


So, any ideas?

When I first read it, I am like no no don't do it, relying solely on donations and ads is a very risky idea, what you could do is keep some house edge, you are targeting a player v player site, why don't you hire a developer to help you build your site. Your business model won't last long, no edge in rullete. I think you should do some heavy research and rework otherwise you shall go bust in no time.
sr. member
Activity: 602
Merit: 254
July 03, 2017, 11:52:46 PM
#26
Indeed in gambling do not ever expect a victory because gambling only has a lucky capital alone, while the consequences of a gambling is certainly a defeat.
hero member
Activity: 518
Merit: 500
July 03, 2017, 11:06:54 PM
#25
I don't think will be always win in gambling and i don't think how make sure never lose money in gambling
i always play gambling because actually i think will be lose money in gambling,
it be considered as cost must be paid to the owner of gambling games because i have fun on their service
and if i get the winning in gambling that is just bonuses.
hero member
Activity: 700
Merit: 500
July 03, 2017, 10:49:20 PM
#24
We are talking here about Gambling and it is impossible not to lose money on this track, this thing is only compose of two situations, either you win or lose, and if you want to lose any money, then just simply not go to the gambling world, because if you get yourself in and get addicted on it, it would be hard for you to get out and quit because you are losing too much.
Right, its gambling, winning and losing is part of this. When we go in gambling, we can't predict what will happen, to avoid too much losing of money much better you have allot of experience. In this way you can't control the game, you have an advantages to your oppoents. With this, you can win or if you lose I'm sure its not too big.

For me, gambling is an entertainment so when I play gambling I have small amount of money fof many purposes. For friendship, for relaxation, and not to become addicted in gambling.


There is a lot of gambling games here in the cryptocurrency world, that is why not all of the gambling games do need an opponent, for example is when we are playing DICE, the only opponent that we are competing here is the house, and we all know that the house cannot be beaten that easy. Poker is one of the example of games that you are going to have an opponent, but still, mostly the gambling site here in the crypto world is all A.I stuffs, it is so rare to find a gambling site where you could compete with another person.
hero member
Activity: 700
Merit: 500
July 03, 2017, 10:38:03 PM
#23
We are talking here about Gambling and it is impossible not to lose money on this track, this thing is only compose of two situations, either you win or lose, and if you want to lose any money, then just simply not go to the gambling world, because if you get yourself in and get addicted on it, it would be hard for you to get out and quit because you are losing too much.
Right, its gambling, winning and losing is part of this. When we go in gambling, we can't predict what will happen, to avoid too much losing of money much better you have allot of experience. In this way you can't control the game, you have an advantages to your oppoents. With this, you can win or if you lose I'm sure its not too big.

For me, gambling is an entertainment so when I play gambling I have small amount of money fof many purposes. For friendship, for relaxation, and not to become addicted in gambling.

There is a lot of gambling games here in the cryptocurrency world, that is why not all of the gambling games do need an opponent, for example is when we are playing DICE, the only opponent that we are competing here is the house, and we all know that the house cannot be beaten that easy. Poker is one of the example of games that you are going to have an opponent, but still, mostly the gambling site here in the crypto world is all A.I stuffs, it is so rare to find a gambling site where you could compete with another person.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
July 03, 2017, 08:50:56 PM
#22
We are talking here about Gambling and it is impossible not to lose money on this track, this thing is only compose of two situations, either you win or lose, and if you want to lose any money, then just simply not go to the gambling world, because if you get yourself in and get addicted on it, it would be hard for you to get out and quit because you are losing too much.

I also agreed that if you really dont want to lose any money, just dont go and gamble. Gambling games are designed to make you lose so they can get the profits for themselves. Gambling should be treated as a form of entertaining and be prepared to lose when you want to get yourself entertained.

Losing is inevitable when it comes to gambling so I will not have you lie to yourself and others that there's a sure way of not losing money. It's not true because the house is there to profit, they are in business and will not relent in taking you shoes off your feet so the OP should better get real.
Exactly, we should know that reality because if not we will lose and might get addicted as we continue to gamble hoping one day we can win big.
There is no safe way to gamble and not method that guarantees a win, we need to win more that we lose, that is the only chance and it is only possible in the long run choosing games where the house advantage is not present.
sr. member
Activity: 448
Merit: 250
July 03, 2017, 07:47:55 PM
#21
We are talking here about Gambling and it is impossible not to lose money on this track, this thing is only compose of two situations, either you win or lose, and if you want to lose any money, then just simply not go to the gambling world, because if you get yourself in and get addicted on it, it would be hard for you to get out and quit because you are losing too much.
Right, its gambling, winning and losing is part of this. When we go in gambling, we can't predict what will happen, to avoid too much losing of money much better you have allot of experience. In this way you can't control the game, you have an advantages to your oppoents. With this, you can win or if you lose I'm sure its not too big.

For me, gambling is an entertainment so when I play gambling I have small amount of money fof many purposes. For friendship, for relaxation, and not to become addicted in gambling.
sr. member
Activity: 574
Merit: 250
July 03, 2017, 04:57:46 PM
#20
There isn't anyone who hasn't lost some money whiles gambling, the number rule is that the House always wins, what you can do is minimize your losses and dont bet a lot of money, if you follow the higher the risk, the higher the reward thought in gambling, you are going to lose and lose very heavily.

Good insights mate, we could not really have that assurance of not lossing our money because we already already loss money on our daily needs at everyday spending. How much more if that activities like of gambling at any betting games you're involved with anf even in businesses that was doing an investments of a certain projects, like online projects will possibly loss money in a long run. Agressiveness is the reason how people losses money on any investments, and despite of a will to gain money it results to failures. One important ways that I wanted to share and for me making sure to don't lose money at all is; you must save your money at your wallet online as bitcoin ;and wait for the exact time price will increase of market price value then you will gain good profit without lossing more money.
sr. member
Activity: 644
Merit: 259
CryptoTalk.Org - Get Paid for every Post!
July 03, 2017, 04:17:13 PM
#19
There isn't anyone who hasn't lost some money whiles gambling, the number rule is that the House always wins, what you can do is minimize your losses and dont bet a lot of money, if you follow the higher the risk, the higher the reward thought in gambling, you are going to lose and lose very heavily.
sr. member
Activity: 756
Merit: 253
July 03, 2017, 03:37:10 PM
#18
We are talking here about Gambling and it is impossible not to lose money on this track, this thing is only compose of two situations, either you win or lose, and if you want to lose any money, then just simply not go to the gambling world, because if you get yourself in and get addicted on it, it would be hard for you to get out and quit because you are losing too much.

I also agreed that if you really dont want to lose any money, just dont go and gamble. Gambling games are designed to make you lose so they can get the profits for themselves. Gambling should be treated as a form of entertaining and be prepared to lose when you want to get yourself entertained.

Losing is inevitable when it comes to gambling so I will not have you lie to yourself and others that there's a sure way of not losing money. It's not true because the house is there to profit, they are in business and will not relent in taking you shoes off your feet so the OP should better get real.
full member
Activity: 448
Merit: 107
July 03, 2017, 03:19:43 PM
#17
It's a very nice idea but it will very hard to control the variance and a big chance for a player can make your site off immediatly.
But if you are great in maths i think you can make prediction to protect your website by moving probability in each game.
hero member
Activity: 1190
Merit: 525
CryptoTalk.Org - Get Paid for every Post!
July 03, 2017, 03:12:20 PM
#16
Impossible, you excluded the only option to make this work, the PVP mode. Players can't play by themselves against the house without 0% house edge. Ads, donations, expensive withdraw fees, nothing will guarantee you a safe sustainable system.

Also, you will have high difficulty to attract investors to your site to fund the bankroll.

What you could do is to set a low house edge, and when the site start making profit, like for an example, 20 BTC profit, you set 0% house edge until you lost the 20 BTC profit, so the house edge back to the normal again. What do you think?
legendary
Activity: 966
Merit: 1006
July 03, 2017, 10:21:02 AM
#15
And I could make a mode that you could play alone, but what if someone keeps winning and winning? The money the player wins won't come from someone else, but from me. And I don't want to risk losing everything myselfmyself and then not have enough money to give out.
If you don't have enough money to run a dice site than why you want to create and run it?
Also your idea is not something new, there are many other pvp dice sites but all of them are struggling to attract traffic/users. 0% house edge doesn't mean that players will keep on winning if they are playing in probably fair casino. No any investors will be willing to invest in any casino with 0% house edge so if you want to still make this casino, you have to use your own bitcoin as bankroll.
legendary
Activity: 1470
Merit: 1002
July 03, 2017, 06:50:32 AM
#14
We are talking here about Gambling and it is impossible not to lose money on this track, this thing is only compose of two situations, either you win or lose, and if you want to lose any money, then just simply not go to the gambling world, because if you get yourself in and get addicted on it, it would be hard for you to get out and quit because you are losing too much.

I also agreed that if you really dont want to lose any money, just dont go and gamble. Gambling games are designed to make you lose so they can get the profits for themselves. Gambling should be treated as a form of entertaining and be prepared to lose when you want to get yourself entertained.
hero member
Activity: 672
Merit: 500
July 03, 2017, 05:45:39 AM
#13
I'm about to launch a "gambling" website soon which will not take any fees at all and will only live off ads/donations (not sure how well it will go, but we'll see). So the chances to double your money would actually be 50%, not a bit lower. I already have implemented a coin flip mode, where one player creates a new coin flip game and the other joins it, but I also want to create a mode which does not require a second user. For example slots or roulette, since you can play it alone and don't need to wait for a second player. One of the main reasons I want that kind of mode is that because most likely at first the website will not be frequently visited and I don't want users waiting minutes (or even hours) just to play a single game.

And I could make a mode that you could play alone, but what if someone keeps winning and winning? The money the player wins won't come from someone else, but from me. And I don't want to risk losing everything myselfmyself and then not have enough money to give out.

Anyways, I need an idea for a gamemode that a player could play by himself (WITHOUT a house advantage) without there being any other users on the website, while I wouldn't have to risk losing big money myself, because some user got lucky.

I think this is impossible, but perhaps there is some way, I've been thinking of something like "out of every $10 played, $5 will be lost", but I believe it could be abused and what if someone bets a huge amount once and wins?


So, any ideas?
i have no idea,and honestly i dont know how gambling site earn money,and mke sure that they will not losing a huge amount of money,just like dice site,or maybe faucet,because i'm ot developer,and so far i dont care how they run. but i wish i can found how it work here.
hero member
Activity: 700
Merit: 500
July 03, 2017, 05:09:38 AM
#12
The idea seems good and has a possibility to get implemented. But when real time usage begins or when it goes under testing will realize the difficulties to manage the same. Because one won't be getting the chance of money making through ads and donation. This is all factor of time to give the answer. As several gambling websites go bankrupt this happens.

That is the truth behind this madness, it is true that we could earn a lot of bitcoins on it, but the truth is if you can't manage it correctly, then you are going to be bankrupt. This gambling site as a business is not a joke, you have to spend more of your time on it so you could manage the earning that you could make in a day, also for you to know what you should change to balance the earnings or the prices that you are going to give to the players who are going to win.
hero member
Activity: 2310
Merit: 532
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
July 03, 2017, 03:51:45 AM
#11
The idea seems good and has a possibility to get implemented. But when real time usage begins or when it goes under testing will realize the difficulties to manage the same. Because one won't be getting the chance of money making through ads and donation. This is all factor of time to give the answer. As several gambling websites go bankrupt this happens.
legendary
Activity: 3290
Merit: 1901
Shuffle.com
July 03, 2017, 03:43:22 AM
#10
I think the title needs to change. It is bit misleading the readers. I thought it is a method to avoid losses but it is zero % house edge gambling site. With this method still, gamblers can lose money because their winning percentage is only 50% so you should change the title of this topic.
I agree OP should change the title to like pvp gambling ideas or Gambling with no house edge.



If you don't users to wait for another user to take their bet just set up a bot that will host a coin flip game that way the users will just go and bet right away. This was already done by bitdouble.io but they take a small cut from the winning player.
legendary
Activity: 1456
Merit: 1023
July 02, 2017, 11:12:45 PM
#9
I think the title needs to change. It is bit misleading the readers. I thought it is a method to avoid losses but it is zero % house edge gambling site. With this method still, gamblers can lose money because their winning percentage is only 50% so you should change the title of this topic.

These gambling sites to maintain you need to lot of funds and that much money I don't think you can get it from advertisements. You need to find ways to generate some profits from this site.
Pages:
Jump to: