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Topic: SocialBet.io :: Know how are we going to monetize a casino with TRUE ODDS (Read 1647 times)

newbie
Activity: 48
Merit: 0
Hello community, for all those, who were asking how we are going to monetize, we have prepared an article for you. Read it and if you still have questions, feel free to ask anything  Smiley
https://socialbet.io/blog/why_are_we_free
Cheers!
newbie
Activity: 6
Merit: 0
Today the first players won CTO's coins. I mean my coins  Smiley Thank's for choosing us.
newbie
Activity: 48
Merit: 0
I just fall in love with your site's layout that's really impress me. Website look good and superb, Its a first time happen ever i reach to the gambling page without any problem. All the gambling site have some issues like slow loading, blank page. Your site is fast and better than other keep it up anad good luck for future projects

We have already added a cashier, so now you may try your pure luck at SocialBet.io. BTW, our founders are already gambling with each other, that's very funny LOL.
newbie
Activity: 48
Merit: 0
Hello community!
We have an announcement today. We have completed implementing a cashier and already published. Now you may deposit and try to win some real coins.

So go ahead, enjoy the game and feel how it is when you play with true odds.

We are still in beta and like water and air, we need your feedback, criticism and suggestions.

Good luck!

So finally it is officially launched and ready to be played. Indeed it took a bit long time since you came to this forum months ago but to be honest  your game is still a game which is hard to survive because it is a pvp based game where players needs to wait other players to bet against each others. Means that players may need to wait for long time just for one game.

Thank's for an honest feedback Cheesy We have something big prepared for you Smiley Also we have already some people who bought tickets, so you may already answer to their bets! Go ahead, give us a try.
legendary
Activity: 3066
Merit: 1312
Hello community!
We have an announcement today. We have completed implementing a cashier and already published. Now you may deposit and try to win some real coins.

So go ahead, enjoy the game and feel how it is when you play with true odds.

We are still in beta and like water and air, we need your feedback, criticism and suggestions.

Good luck!

So finally it is officially launched and ready to be played. Indeed it took a bit long time since you came to this forum months ago but to be honest  your game is still a game which is hard to survive because it is a pvp based game where players needs to wait other players to bet against each others. Means that players may need to wait for long time just for one game.
newbie
Activity: 48
Merit: 0
Hello community!
We have an announcement today. We have completed implementing a cashier and already published. Now you may deposit and try to win some real coins.

So go ahead, enjoy the game and feel how it is when you play with true odds.

We are still in beta and like water and air, we need your feedback, criticism and suggestions.

Good luck!


Oh mate, welcome back but... You are back after a few months inactivity, and first what you do, asking people to deposit on your website. I think it is not the right way, especially not on the beta version.


We were very active in the development and inactive in marketing. We do not want to flude here and we want to bring something really valuable to the community. We developed a mobile version which has a different UI than the desktop and added a cashier. We optimized the alfa version, but still doing some tests behind the scenes. The best thing is that the game is ready to be played, so go ahead. Try your pure luck Cheesy
legendary
Activity: 3472
Merit: 3507
Crypto Swap Exchange
Hello community!
We have an announcement today. We have completed implementing a cashier and already published. Now you may deposit and try to win some real coins.

So go ahead, enjoy the game and feel how it is when you play with true odds.

We are still in beta and like water and air, we need your feedback, criticism and suggestions.

Good luck!


Oh mate, welcome back but... You are back after a few months inactivity, and first what you do, asking people to deposit on your website. I think it is not the right way, especially not on the beta version.
newbie
Activity: 48
Merit: 0
Hello community!
We have an announcement today. We have completed implementing a cashier and already published. Now you may deposit and try to win some real coins.

So go ahead, enjoy the game and feel how it is when you play with true odds.

We are still in beta and like water and air, we need your feedback, criticism and suggestions.

Good luck!
legendary
Activity: 1512
Merit: 1041
Yeah, the one good thing about this place is you can read the 10+ pages of discussion here and most of it about the funding and the house rake and all that and none of it is about the game. That is what I love about this place and that is why I think this place will be huge in the future.

You guys built a game and something so entertaining that nobody ever questions you about the game, because in itself the game is super entertaining and brings the "lottery" and raffle deals to a point where you can constantly do it instead of usual buy the ticket and wait around until you realize you won or lost, there is games that go around constantly that you can join in which makes it super entertaining. Now all you need is capital to get this to a bigger audience but definitely gonna be amazing when you do.
full member
Activity: 364
Merit: 127
I just fall in love with your site's layout that's really impress me. Website look good and superb, Its a first time happen ever i reach to the gambling page without any problem. All the gambling site have some issues like slow loading, blank page. Your site is fast and better than other keep it up anad good luck for future projects

If there was a loading issue I think it's on your end. Most gambling sites have a faster server so that it can accommodate a large number of gamblers. Better upgrade your browser or yet change browser.
hero member
Activity: 1148
Merit: 528
I think what makes this game amazing is not the zero house rake, I mean you can definitely have like %1 even %5 house rake and this game would still be amazing, the fact that the game is insanely fun and the idea of constant raffle with seconds minutes days months and so forth is already very valuable, the team just needs to realize that nobody would be hating the game if you just put a rake into it and make it much bigger.

Looking at our options now, either the team will put a rake and publish the game and we wall will play and we all will have fun there and that is good, however the other option is they gonna make it filled with advertisements and use some investors funds to build the game and hope to make some money from ads they have. I think first one is much much better.
legendary
Activity: 3066
Merit: 1312
I just fall in love with your site's layout that's really impress me. Website look good and superb, Its a first time happen ever i reach to the gambling page without any problem. All the gambling site have some issues like slow loading, blank page. Your site is fast and better than other keep it up anad good luck for future projects

How could you generalize that all gambling sites have loading issues? I wonder how many sites you have tried before and what sites are they. Mind to give details which sites having loading issues? Is the one on your signature also have loading issues? If you say that all gambling sites are having loading issues then I can say that the issue is on your side.
full member
Activity: 222
Merit: 100
I just fall in love with your site's layout that's really impress me. Website look good and superb, Its a first time happen ever i reach to the gambling page without any problem. All the gambling site have some issues like slow loading, blank page. Your site is fast and better than other keep it up anad good luck for future projects
full member
Activity: 980
Merit: 114
Nice outlook I must say and to say you platform has no house edge is another great features, I went through the website and did not find you minimum and maximum deposits and withdrawal limit, you can do us good by making those information public and also work in the future to add sport betting to your platform.
legendary
Activity: 3136
Merit: 1172
Leading Crypto Sports Betting & Casino Platform
I am not a big fan of raffle games. I'd like to see blackjack, roulette or maybe poker & dice with 0% house edge. But I don't know how you will manage to do that..  Also how are you going to maintain the servers if you don't take an edge?

This is also my question to the team a 0% house edge is new to my eyes because how they take to gain profit? For the maintenance of the site however even this online casino has a zero house edge it stil has a big advantages.

If this site is only providing one game which is a pvp raffle game, how can they get big advantages if they offer Zero house edge? There is no advantages at all of offering zero house edge in a pvp based game. I do not even think that it is profitable for them if they provides game like dice/blackjack with 0 house edge.

Unfortunately most people do not know what a house edge is and they just come to play gambling. The gambling sites take advantage of this thing and try to fool the players. Also those who claim that they are offering zero House edge are totally false, as this is just not possible. No site want to give all the advantages to the gamblers. Huh
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
The fronts of work which need to be done are many. We need more time. I am sure, if we had got donates from the Bitcoin community, the project might move faster, but we have what we have!
I guess the best option right now could be some sort of eosbet route where you just pay people dividends somehow. I mean I know you are zero house rake but with that it is almost impossible to get big funding, there is absolutely no way a smart investor go into zero house rake and hope the advertisements would be enough.

Or like many previously mentioned you could have an ICO and just distribute the earnings equally among the people who hold that coin, which could still be small but at least help out a bit.

Think of other ways to create funding aside from an investor, that seems far fetched right now but I am sure you could find other ways to gather funds, specially from community because people do not mind sending couple bucks to anywhere anyway and many people combine together could create a lot of money even though individually they look small.
legendary
Activity: 3052
Merit: 1188
Long story short they need a house rake otherwise they will never become big in any way. They can't have the funding themselves because they are looking for funding which means they do not have the funds themselves, and no real investor would be willing to invest into something that has zero house rake and just advertisements. Turn the house rake into like %0.1 if you can (which is really low lets face it) and you will start to gather a lot of money and not only you will find investors but you will also gather a ton of money yourself.

This dedication towards zero house rake will continue to create problems for the website. Just have even a slight bit of house rake and you will start money pouring in constantly and that way you can both have funds from there plus investors will be more willing.
legendary
Activity: 1834
Merit: 1008
Just give us some time and You will see, that 0 is real. We have really BIG ideas Smiley

Why dont you share something here? Any transparancy will be needed on opening new gambling site like this. Without the transparancy and provably fair system, I do not think it will be going to work even if you have such a big funding as well. Anyway, if you have such a great idea why not sharing it? Because if you asking some fund that means there will be investors right there and I believe they will demand profit in returns, so if you have this 0% house edge, how are you suppose to give them some benefits?
member
Activity: 602
Merit: 24
Why do all lottery tokens only carry out fundraising, and then disappear? Has anyone thought about that? But I think that investing your money in such a project is the same as playing the lottery)))

We are not going to disappear. We did and are doing a lot of work every day. Please check our website, pay attention to our site performance, interface and read more about our mission at socialbet.io/about.
I think the only thing that will disappear is your doubts Cheesy
Thanks. I'm not a big fan of gambling. And I am very careful with investments. Several times I was trapped even where everyone before me benefited from the investment. But when I made my investments, the project immediately finished its work! I don't think you should involve me in your case. I'll bring you bad luck)))
newbie
Activity: 48
Merit: 0
How is the funding search process going ? Have you guys found any investors that would be interested in funding the project ? I know it must be crazy hard to find an investor who wouldn't mind paying money for a project that has %0 house rake because it would be really difficult to make the money back, even on projects that are totally irrelevant to casinos people prefer to invest into stuff that has monthly recurring revenue instead of just advertisement money.

But, no matter what the user numbers on the beta must be saying how much visitors and how many users and how many active betters are there which would kind of show how much you could make from advertisement as well and that could help you get some investors. We are really looking to get out of the beta process and I know it will be hard without an investor so please keep us updated.

Everything is going fine, thank you Smiley
The fronts of work which need to be done are many. We need more time. I am sure, if we had got donates from the Bitcoin community, the project might move faster, but we have what we have!
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