I work in the Crypto Gambling industry AMA

JarvisBr

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All betting. I think lotteries are even worse, just because the house edge on lotteries is so insanely high.......

.....Banking within the gambling industry is the worst experience you will ever have. Paying taxes is of course easy, but the part of having bank accounts is an overall awful experience.

An interesting topic in general. And the questions are also interesting. I agree with these two points completely. I don't quite understand when people talk about gambling as a stable income. It is always an element of risk and luck. But playing roulette online is still more profitable than lottery games (see statistics). I see it as a hobby and chose link joker123 (Indonesia) as my main site (one of). I prefer to play online. I cannot say that I strive for utmost honesty with the state .. but .. I always indicate a large winnings in the declaration and prefer to transfer it to my bank account. This will avoid major problems with tax officers. But I ignore small daily wins as no one looks at this trifle. In general, I am used to keeping track of my income and expenses and being attentive to details. Gambling is not always evil. I just know how to control it. That's all.

DNL

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Quote from: Ucy on June 01, 2021, 05:42:38 AM

Quote from: DNL on May 28, 2021, 08:43:56 PM

Quote from: Ucy on May 28, 2021, 10:35:01 AM

Interesting you said gambling is evil. Yet you promote evil?
Have you obtained license to practice the gambling or has government not given license already? No rule on Safe Bet in the License or the government just permits you to practice the Evil?

What kind of gambling are you referring to by the way, Taking big risk on Bets or simply any kind of betting competition, games, events whether risky or not?

Do you think betting on lottery is gambling, and lottery is evil?

If we didn't do it, somebody else just would. At least we can do it slightly less evil than somebody else.
And yeah, we do have a license.

All betting. I think lotteries are even worse, just because the house edge on lotteries is so insanely high.

Well, what makes Betting games/competitions evil is how people use them and what they are meant for. Certain bettings are use for pooling funds togethers and distributing in larger chunks to lucky people. I guess you could reduce the odds of winning a lottery for loyal bettors, and there will be some degree of certainty in reaping rewards long-term and that will make lottery kinds of bets as useful as investing in Cryptocurrency for example.

It's important to eliminate abuse/misuse of bettings, and make them safe and beneficial for both customers and betting businesses. The businesses are actually providing a useful service and did nothing wrong if they benefit from the service they provide. I just hope they don't benefit too much or take too much profits.
Maybe if we have a pure p2p betting platforms that won't be much of a problem.

The issue with gambling is that you will always lose in the long run. I don't believe you will ever make a model with no house edge etc.
There are already P2P betting platforms, but you're still charged a fee by the platform because they need to make money somehow. - If there is nobody making money on it(The people running the platform), then it just entices scam.

varvaraluzina37

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Cool! And How? I'm also thinking about cryptocurrency, but I don't know where to start.

Ucy

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Quote from: DNL on May 28, 2021, 08:43:56 PM

Quote from: Ucy on May 28, 2021, 10:35:01 AM

Interesting you said gambling is evil. Yet you promote evil?
Have you obtained license to practice the gambling or has government not given license already? No rule on Safe Bet in the License or the government just permits you to practice the Evil?

What kind of gambling are you referring to by the way, Taking big risk on Bets or simply any kind of betting competition, games, events whether risky or not?

Do you think betting on lottery is gambling, and lottery is evil?

If we didn't do it, somebody else just would. At least we can do it slightly less evil than somebody else.
And yeah, we do have a license.

All betting. I think lotteries are even worse, just because the house edge on lotteries is so insanely high.

Well, what makes Betting games/competitions evil is how people use them and what they are meant for. Certain bettings are use for pooling funds togethers and distributing in larger chunks to lucky people. I guess you could reduce the odds of winning a lottery for loyal bettors, and there will be some degree of certainty in reaping rewards long-term and that will make lottery kinds of bets as useful as investing in Cryptocurrency for example.

It's important to eliminate abuse/misuse of bettings, and make them safe and beneficial for both customers and betting businesses. The businesses are actually providing a useful service and did nothing wrong if they benefit from the service they provide. I just hope they don't benefit too much or take too much profits.
Maybe if we have a pure p2p betting platforms that won't be much of a problem.

DNL

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Quote from: jocker-poker1 on May 30, 2021, 10:07:05 AM

How viable and profitable is the industry. We know the pros, what are the cons.

I mean, it's obviously very profitable, but it all depends on perspective as well. You're not going to be Jeff Bezos rich from running a casino.
The main cons are that you're always looking out for exploits and fraud. The fraud part is usually less of a problem for crypto-only sites, but if you have cash deposits on your site the fraud is a huge problem.
The exploit part will always be a concern that you have to look out for. Most sites handle this part by having max withdrawals with manual approvement is needed.

Quote from: jocker-poker1 on May 30, 2021, 10:40:12 AM

And in addition to my previous, how is your enterprise coping with government taxes in your country of abode, assuming gambling is legal.

Banking within the gambling industry is the worst experience you will ever have. Paying taxes is of course easy, but the part of having bank accounts is an overall awful experience.

jocker-poker1

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And in addition to my previous, how is your enterprise coping with government taxes in your country of abode, assuming gambling is legal.

jocker-poker1

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How viable and profitable is the industry. We know the pros, what are the cons.

DNL

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Quote from: virasog on May 30, 2021, 02:21:22 AM

Just found it for which gambling site you work Wink

That's not a gambling site.

Quote from: virasog on May 30, 2021, 02:21:22 AM

Tell me from the gambling house prospective, how much it cost to setup a proper crypto gambling site ?

Depends on what you wanna do. On the low end, you can start with like $10k, but ideally, you wanna have at least $100k+.
There is a lot of factors though as well as what experience you have.

virasog

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Quote from: DNL on May 28, 2021, 02:44:41 AM

Hi guys.
I won't be disclosing what site I am working for, nor what sites I have worked for in the past.

Just found it for which gambling site you work Wink

Quote from: DNL on May 28, 2021, 04:55:33 AM

Hi. I'm Daniel, and I'm the owner of https://crypto-gambling.net/

Quote from: DNL on May 28, 2021, 02:44:41 AM

Within crypto gambling, I know most details. In terms of traditional online casinos, there are a few things here and there I am not familiar with.
Shoot your questions

Tell me from the gambling house prospective, how much it cost to setup a proper crypto gambling site ?

boyptc

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Quote from: DNL on May 29, 2021, 11:15:14 AM

Quote from: boyptc on May 29, 2021, 10:30:30 AM

Quote from: DNL on May 29, 2021, 08:01:22 AM

Probably not. Even the lowest positions in the company would be considered senior positions elsewhere. The casino I work for is more focused on having a few employees of a really high quality(and with experience for that matter).
I would normally share our email for applications, but that would kinda compromise the anonymity here.

Yes.

That would really be a hint on what company you're working for. That's okay, I'm just taking a chance and if that would be easy to say that but I know that it's an improper way of getting hired.

Thanks for your answers, that's all.

If you wanna work in the industry it's all about contacting casinos that you like, and offer them something that they don't currently have (Which you think they need). That's really about it.

And no problem.

Ok.

Thanks for that tip.

That only means that it is also like working as a freelancer. As long as I've got something to offer and add to their service that they need which is on me, I'll get hired easily.

DNL

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Quote from: greenslope on May 29, 2021, 06:04:25 PM

Quote from: DNL on May 28, 2021, 08:48:49 AM

Quote from: greenslope on May 28, 2021, 08:39:45 AM

Hello,
I have a few. Does the website you work for :
has a .onion address? does it accept xmr? does it offers texas hold'hem poker without email registration?
If not, why? state regulations, mandatory laws? As such to whom do you have to drop the website client lists?
Ever received a lea (law enforcement agency) request?
on a lighter note, do you think gambling is evil? Should gambling websites have a conservatorship duty on their clients like britney spears father on her?

No .onion address.
We don't take XMR.
We don't have poker either. We have talked about it though.
All of it is technically possible, but no registration would be trouble. You can't have a license then.
Not sure if we have received law enforcement requests per se, but there have been requests from governments.
Yeah, gambling is evil for sure. So many people get their lives ruined by addiction. We do actually try to take the moral high ground in our niche, despite it sounding quite weird. It's important to acknowledge gambling addiction, and we also believe that if we actually care more about our users we may not make that extra buck now, but instead in the longer term by the better reputation.

Thanks a lot for your replies ! I think that .onion and xmr are must have, .onion for the tranquility and privacy and xmr, once you try it... it becomes clear.

Depends on who you are and what you wanna do tbh.

greenslope

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Quote from: DNL on May 28, 2021, 08:48:49 AM

Quote from: greenslope on May 28, 2021, 08:39:45 AM

Hello,
I have a few. Does the website you work for :
has a .onion address? does it accept xmr? does it offers texas hold'hem poker without email registration?
If not, why? state regulations, mandatory laws? As such to whom do you have to drop the website client lists?
Ever received a lea (law enforcement agency) request?
on a lighter note, do you think gambling is evil? Should gambling websites have a conservatorship duty on their clients like britney spears father on her?

No .onion address.
We don't take XMR.
We don't have poker either. We have talked about it though.
All of it is technically possible, but no registration would be trouble. You can't have a license then.
Not sure if we have received law enforcement requests per se, but there have been requests from governments.
Yeah, gambling is evil for sure. So many people get their lives ruined by addiction. We do actually try to take the moral high ground in our niche, despite it sounding quite weird. It's important to acknowledge gambling addiction, and we also believe that if we actually care more about our users we may not make that extra buck now, but instead in the longer term by the better reputation.

Thanks a lot for your replies ! I think that .onion and xmr are must have, .onion for the tranquility and privacy and xmr, once you try it... it becomes clear.

DNL

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Merit: 19

Quote from: Sashaka on May 29, 2021, 12:03:16 PM

Doesn't your conscience torment you that you help people lose all their money?

Not at all.
It's not like we're forcing anybody to gamble.
I have been a gambling addict in my life, and I have probably lost around $200,000-250,000 in total. I would never put any blame on the casinos at all.
I do however actually give people recommendations on how to prevent gambling addiction as well as where they can seek professional help.

Sashaka

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Doesn't your conscience torment you that you help people lose all their money?

DNL

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Quote from: boyptc on May 29, 2021, 10:30:30 AM

Quote from: DNL on May 29, 2021, 08:01:22 AM

Probably not. Even the lowest positions in the company would be considered senior positions elsewhere. The casino I work for is more focused on having a few employees of a really high quality(and with experience for that matter).
I would normally share our email for applications, but that would kinda compromise the anonymity here.

Yes.

That would really be a hint on what company you're working for. That's okay, I'm just taking a chance and if that would be easy to say that but I know that it's an improper way of getting hired.

Thanks for your answers, that's all.

If you wanna work in the industry it's all about contacting casinos that you like, and offer them something that they don't currently have (Which you think they need). That's really about it.

And no problem.

boyptc

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Quote from: DNL on May 29, 2021, 08:01:22 AM

Probably not. Even the lowest positions in the company would be considered senior positions elsewhere. The casino I work for is more focused on having a few employees of a really high quality(and with experience for that matter).
I would normally share our email for applications, but that would kinda compromise the anonymity here.

Yes.

That would really be a hint on what company you're working for. That's okay, I'm just taking a chance and if that would be easy to say that but I know that it's an improper way of getting hired.

Thanks for your answers, that's all.

DNL

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Quote from: Mauser on May 29, 2021, 08:45:17 AM

Hello, thank you for your opportunity to ask some question here. Probably many are like me and would like to know more about the gambling industry and how to work in that area. I have two questions for you,

1. Do you have any special training or education for the job in gambling? Was it hard to get these qualifications?

2. How did you find that job? Is it possible to start working in the online gambling industry without any prior knowledge?

Thanks in advance

1. I have a lot of experience in related fields. I started my first online projects when I was like 11-12 years old, and I also run my own company on the side. Wouldn't say qualifications are hard, it's more about getting really good at whatever you decide you wanna learn.

2. In my case it was Twitter since I already knew the owner of the casino in advance. Everything is possible, but you should look at it from the perspective of the casino: What can you offer them? - I can mention, that just at the casino I work at, we have received like 2000 job applications the past year. You need to stand out.

Mauser

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Hello, thank you for your opportunity to ask some question here. Probably many are like me and would like to know more about the gambling industry and how to work in that area. I have two questions for you,

1. Do you have any special training or education for the job in gambling? Was it hard to get these qualifications?

2. How did you find that job? Is it possible to start working in the online gambling industry without any prior knowledge?

Thanks in advance

DNL

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Activity: 165

Merit: 19

Quote from: boyptc on May 29, 2021, 07:23:20 AM

Quote from: DNL on May 29, 2021, 05:01:09 AM

Quote from: boyptc on May 29, 2021, 04:30:41 AM

Quote from: DNL on May 28, 2021, 08:43:56 PM

Quote from: boyptc on May 28, 2021, 03:00:25 PM

What's your position for that casino? and how much is your salary? I'm just curious to know how much people like you earn working actually on a casino.

Quote from: DNL on May 28, 2021, 02:44:41 AM

In order to answer as well as accurate, this is a requirement I'm afraid.

Does this means that your company asked you to make an AMA?

Can't really disclose that I'm afraid. But I will say - I live in Denmark and I'm in my early 20's. I make more than most people will ever make here(or anywhere in general for that matter).

And no, they haven't.

Ok, thanks for those answers.

I understand that you can't really disclose any figure that you're earning and it's very confidential for most of the workers. I did just had a chance if I can get a number but it's okay and I fully understand it.

No problem.

And I will say, if we just take other sites into consideration instead, I'll say that the gambling industry is not necessarily paying higher than other industries as per se. The biggest opportunity is really that it's mainly remote work(in the crypto field). Lots of people takes knowledge from other industries and brings it into the industry. The 'real money' casino industry is quite different from the crypto one in terms of how the companies work in pretty much every way.

Thanks for that information.

There's really more to know how most of the cryptocasinos operate. I like the idea of working remotely and it's been a thing that has been being done by a lot of people even before the pandemic.

Maybe there are some hiring positions in your company that would fit to me? Roll Eyes

Probably not. Even the lowest positions in the company would be considered senior positions elsewhere. The casino I work for is more focused on having a few employees of a really high quality(and with experience for that matter).
I would normally share our email for applications, but that would kinda compromise the anonymity here.

boyptc

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Quote from: DNL on May 29, 2021, 05:01:09 AM

Quote from: boyptc on May 29, 2021, 04:30:41 AM

Quote from: DNL on May 28, 2021, 08:43:56 PM

Quote from: boyptc on May 28, 2021, 03:00:25 PM

What's your position for that casino? and how much is your salary? I'm just curious to know how much people like you earn working actually on a casino.

Quote from: DNL on May 28, 2021, 02:44:41 AM

In order to answer as well as accurate, this is a requirement I'm afraid.

Does this means that your company asked you to make an AMA?

Can't really disclose that I'm afraid. But I will say - I live in Denmark and I'm in my early 20's. I make more than most people will ever make here(or anywhere in general for that matter).

And no, they haven't.

Ok, thanks for those answers.

I understand that you can't really disclose any figure that you're earning and it's very confidential for most of the workers. I did just had a chance if I can get a number but it's okay and I fully understand it.

No problem.

And I will say, if we just take other sites into consideration instead, I'll say that the gambling industry is not necessarily paying higher than other industries as per se. The biggest opportunity is really that it's mainly remote work(in the crypto field). Lots of people takes knowledge from other industries and brings it into the industry. The 'real money' casino industry is quite different from the crypto one in terms of how the companies work in pretty much every way.

Thanks for that information.

There's really more to know how most of the cryptocasinos operate. I like the idea of working remotely and it's been a thing that has been being done by a lot of people even before the pandemic.

Maybe there are some hiring positions in your company that would fit to me? Roll Eyes

Topic: I work in the Crypto Gambling industry AMA (Read 327 times)