It will surely be a time challenge for you. I mean consider this, lets say you want to increase your user number by 10, you want 10 new users, which one sounds easier going from 10 users to 20 users or 1000 users to 1010 users ? So, all in all the more users you have the more users you will get, the first few hundred users will be really hard and since this game is basically all about how many users there are (the more the merrier when it comes to this game) you will have hard time keeping them playing there as well, there will be new users coming in while old users leaving so it will take a lot of time before you can actually increase, maybe months even over a year.
Moreover, when you finally reach to that level and you are over a thousand daily users believe me this game will take off like crazy.
Topic: SocialBet.io :: Know how are we going to monetize a casino with TRUE ODDS - page 5. (Read 1649 times)
March 22, 2019, 02:16:03 PM
March 21, 2019, 12:35:25 PM
-snip-
Wow! Such good feedback!:) We still have a lot of work on SocialBet. This is our first step and these kinds of words are motivating us very much:) Thank's
You still have a loooooong way to finish the product and do a proper marketing and it will take both a lot of your time and a lot of your money so be patient but when it is said and done if you do a good job with it the concept is definitely amazing. You have at least one customer with me that is for sure, but its because I am always around and checking new games, you need to do marketing a lot bigger and wider when you officially start.
We are discussing the option of implementing smart contracts. We are short of resources at the moment and that's why we are asking for donations. 🙂
We are developing a platform for gamblers without any fee, so we are sure that the community will start supporting us the more popular we become.
March 21, 2019, 10:39:38 AM
-snip-
Wow! Such good feedback!:) We still have a lot of work on SocialBet. This is our first step and these kinds of words are motivating us very much:) Thank's
You still have a loooooong way to finish the product and do a proper marketing and it will take both a lot of your time and a lot of your money so be patient but when it is said and done if you do a good job with it the concept is definitely amazing. You have at least one customer with me that is for sure, but its because I am always around and checking new games, you need to do marketing a lot bigger and wider when you officially start.
March 20, 2019, 08:40:25 AM
I have been playing it since yesterday and I had the most fun I ever had from basically any game ever, it is definitely lacking a lot of customers and if you could increase the user number it could turn out to be a great game.
There was one other problem, the old bets I made are not listed properly, like which one is which and what not you need to find a way to fix that "my tickets" part and make it include more info, I don't have any idea which one is the 1 day one which one is 1 hour and so forth when I look at it and which one that won money was from which one.
It is all complicated there in short and its already gone, I am looking at it today and can't see anything. So, if you fix that and if you find a way to get more people into your website than you will be a great game. That 0% rake thingy added on the topic is a smart idea.
There was one other problem, the old bets I made are not listed properly, like which one is which and what not you need to find a way to fix that "my tickets" part and make it include more info, I don't have any idea which one is the 1 day one which one is 1 hour and so forth when I look at it and which one that won money was from which one.
It is all complicated there in short and its already gone, I am looking at it today and can't see anything. So, if you fix that and if you find a way to get more people into your website than you will be a great game. That 0% rake thingy added on the topic is a smart idea.
Wow! Such good feedback!:) We still have a lot of work on SocialBet. This is our first step and these kinds of words are motivating us very much:) Thank's
March 20, 2019, 08:32:31 AM
I dont believe in the 0% house edge because all we know that game needs an income. But if it's true it's a great game that I want to try. And I think they only give a very small amount of information about the game. I think old gambler will not go to game like that because they think that it has a hidden information or charge against to gambler or player.
If you deposit and you can't profit from it. House "Casino" will still be able to income...
Maybe they will change it in the future and perhaps it's only for the early stages of their Project.
I think we shall make a lot of changes in SocialBet. But 1 thing will never change. House edge won't have a place in our platform. We hope, that community will donate us as we want to build a better world. Also, soon we shall publish an article with more details about our monetization.
Monetization or making profits is one of the motive of these kind of businesses and no business will just be too concern to build up a better world. lol
Maybe it is only in this launching stage that they are offering such 0% house edge and later on when everybody is playing on their platform, they will change the rules. And you are very right, a gambling platform donating their earnings? Sooner or later we will know what's the real deal here. Maybe they want to start with good image.
I understand this man says they have different monetization model but if they want to keep profit and let players gamble with 0% house edge, then I think they have to set limit on total will per day overally because otherwise I don't know how will they function.
OP you have to turn math while launching any kind of business, especially casino.
March 20, 2019, 07:15:11 AM
I have been playing it since yesterday and I had the most fun I ever had from basically any game ever, it is definitely lacking a lot of customers and if you could increase the user number it could turn out to be a great game.
There was one other problem, the old bets I made are not listed properly, like which one is which and what not you need to find a way to fix that "my tickets" part and make it include more info, I don't have any idea which one is the 1 day one which one is 1 hour and so forth when I look at it and which one that won money was from which one.
It is all complicated there in short and its already gone, I am looking at it today and can't see anything. So, if you fix that and if you find a way to get more people into your website than you will be a great game. That 0% rake thingy added on the topic is a smart idea.
There was one other problem, the old bets I made are not listed properly, like which one is which and what not you need to find a way to fix that "my tickets" part and make it include more info, I don't have any idea which one is the 1 day one which one is 1 hour and so forth when I look at it and which one that won money was from which one.
It is all complicated there in short and its already gone, I am looking at it today and can't see anything. So, if you fix that and if you find a way to get more people into your website than you will be a great game. That 0% rake thingy added on the topic is a smart idea.
March 20, 2019, 06:47:23 AM
Maybe it is only in this launching stage that they are offering such 0% house edge and later on when everybody is playing on their platform, they will change the rules. And you are very right, a gambling platform donating their earnings? Sooner or later we will know what's the real deal here. Maybe they want to start with good image.
No the 0% house edge is going to run forever, as it is their mission "to remove the house edge"
Take a look at these two posts below where the admin state about the 0% house edge:
https://bitcointalksearch.org/topic/m.50173370
https://bitcointalksearch.org/topic/m.50173370
Basically it is not good start if they want to build first impression as people will keep on wondering and speculating on why gambling site owner do not want to make profit and relying on donation only.
Not only donations
Sure we have a monetization model, but we are in a beta period. I don't think, it is a smart decision to monetize a product, that is still in beta. Our model will be very friendly and won't affect the result of the game, as in the case of house edge model. March 20, 2019, 06:38:07 AM
Maybe it is only in this launching stage that they are offering such 0% house edge and later on when everybody is playing on their platform, they will change the rules. And you are very right, a gambling platform donating their earnings? Sooner or later we will know what's the real deal here. Maybe they want to start with good image.
No the 0% house edge is going to run forever, as it is their mission "to remove the house edge"
Take a look at these two posts below where the admin state about the 0% house edge:
https://bitcointalksearch.org/topic/m.50173370
https://bitcointalksearch.org/topic/m.50173370
Basically it is not good start if they want to build first impression as people will keep on wondering and speculating on why gambling site owner do not want to make profit and relying on donation only.
March 20, 2019, 06:07:42 AM
I dont believe in the 0% house edge because all we know that game needs an income. But if it's true it's a great game that I want to try. And I think they only give a very small amount of information about the game. I think old gambler will not go to game like that because they think that it has a hidden information or charge against to gambler or player.
If you deposit and you can't profit from it. House "Casino" will still be able to income...
Maybe they will change it in the future and perhaps it's only for the early stages of their Project.
I think we shall make a lot of changes in SocialBet. But 1 thing will never change. House edge won't have a place in our platform. We hope, that community will donate us as we want to build a better world. Also, soon we shall publish an article with more details about our monetization.
Monetization or making profits is one of the motive of these kind of businesses and no business will just be too concern to build up a better world. lol
Maybe it is only in this launching stage that they are offering such 0% house edge and later on when everybody is playing on their platform, they will change the rules. And you are very right, a gambling platform donating their earnings? Sooner or later we will know what's the real deal here. Maybe they want to start with good image.
tagging it up with charity thing do really give us confusion on how they would done such thing. They are calling themselves as Anti-casino. For what?
No business owner will just giving out free money into its players even we do say on building up good image on early phase.
March 19, 2019, 04:56:46 PM
I dont believe in the 0% house edge because all we know that game needs an income. But if it's true it's a great game that I want to try. And I think they only give a very small amount of information about the game. I think old gambler will not go to game like that because they think that it has a hidden information or charge against to gambler or player.
If you deposit and you can't profit from it. House "Casino" will still be able to income...
Maybe they will change it in the future and perhaps it's only for the early stages of their Project.
I think we shall make a lot of changes in SocialBet. But 1 thing will never change. House edge won't have a place in our platform. We hope, that community will donate us as we want to build a better world. Also, soon we shall publish an article with more details about our monetization.
Monetization or making profits is one of the motive of these kind of businesses and no business will just be too concern to build up a better world. lol
Maybe it is only in this launching stage that they are offering such 0% house edge and later on when everybody is playing on their platform, they will change the rules. And you are very right, a gambling platform donating their earnings? Sooner or later we will know what's the real deal here. Maybe they want to start with good image.
March 19, 2019, 04:21:48 PM
I dont believe in the 0% house edge because all we know that game needs an income. But if it's true it's a great game that I want to try. And I think they only give a very small amount of information about the game. I think old gambler will not go to game like that because they think that it has a hidden information or charge against to gambler or player.
If you deposit and you can't profit from it. House "Casino" will still be able to income...
Maybe they will change it in the future and perhaps it's only for the early stages of their Project.
I think we shall make a lot of changes in SocialBet. But 1 thing will never change. House edge won't have a place in our platform. We hope, that community will donate us as we want to build a better world. Also, soon we shall publish an article with more details about our monetization.
Monetization or making profits is one of the motive of these kind of businesses and no business will just be too concern to build up a better world. lol
March 19, 2019, 03:38:42 PM
Thank you for your question about KYC. I have got an answer from the legal team.
Your feedback did help We are currently updating our terms of use. Moreover, we are going to make KYC as simple as possible.
You are missing the point completely. Making the KYC process simple does not matter since doing away with it is the only way that majority of the gamblers including me would show any sort of interest in your website.Quote
KYC is a legal necessity in case of gambling, although in cases of transactions with a small amount it may be escaped.
Anyway, in some cases (e.g. small amount of transaction), KYC may be required by SocialBet.
We are going to be fully in compliance with the laws which is the best guarantee of the sound and safe operation of our platform.
By the way, Primedice.com also has KYC procedure for its users.
https://ibb.co/mCht0th
Anyway, in some cases (e.g. small amount of transaction), KYC may be required by SocialBet.
We are going to be fully in compliance with the laws which is the best guarantee of the sound and safe operation of our platform.
By the way, Primedice.com also has KYC procedure for its users.
https://ibb.co/mCht0th
Your feedback did help
We are currently updating our terms of use. Moreover, we are going to make KYC as simple as possible.Get rid of the KYC requirement asap if you want your website to attract more attention.
Hello. I am the founder of SocialBet. This KYC did a noise in the last days
I want to understand the problem. I see that people ask to remove KYC and says that they won't play in bitcoin casino that has KYC, but at the same time, they use signatures of casinos that have KYC. For example, I may see in your signature STAKE.com. Check their terms and you'll find the same KYC in the 6th point.
https://stake.com/terms-of-service
The KYC is not so scary thing
We do not want to use it against the community. We won't force our players to verify their identity. This point is just to keep us legal and to avoid problems in future. We want to make our platform the best one. Your feedback is very important as we build our platform for you!
If you know a good standing casino, that does not have a KYC option in their legal docs, please send a link. We will investigate.
the problem is that if you have this KYC term you can enforce it any time you want
and yes KYC is a scary thing , sadly , especially if you deal with a cryptocommunity
if you do not want to force players to verify their identity , just do not put KYC into your terms
Stake doesn't usually check , but they do and can do it because it is in their terms and conditions
the thing is - Stake is there for at least several years (Primedice I mean) and is trusted and you are new and trying to attract players
KYC is not the strongest of the marketing points
March 19, 2019, 03:32:48 PM
I dont believe in the 0% house edge because all we know that game needs an income. But if it's true it's a great game that I want to try. And I think they only give a very small amount of information about the game. I think old gambler will not go to game like that because they think that it has a hidden information or charge against to gambler or player.
If you deposit and you can't profit from it. House "Casino" will still be able to income...
Maybe they will change it in the future and perhaps it's only for the early stages of their Project.
I think we shall make a lot of changes in SocialBet. But 1 thing will never change. House edge won't have a place in our platform. We hope, that community will donate us as we want to build a better world. Also, soon we shall publish an article with more details about our monetization.
March 19, 2019, 01:38:08 PM
So, now that I registered and playing I think I can answer all the questions about "zero house edge". I am in no way of expert and I am still trying to figure out how it works but this is not the type of game we ever played in anywhere else. The game idea is quite different from anything I have ever seen. There is constant "lottery" going on lets say.
So, all in all you buy tickets and than someone wins, if that means what I think it means after all the tickets are sold and the roll happened someone wins and others loses and the casino basically makes money from that difference of what has been spent on buying the tickets and what the winner got, so if everyone combine buys tickets worth of 1 bitcoin and the winner gets 0.98 bitcoin that means house made 0.02 profit from that lottery.
I am not nearly sure if that is how it works but it looks like that so far.
They could mean "zero house edge" but take rake with it, which means there is no "luck based" game like dice or roulette or anything but more skill based like poker. In poker you can pay a lot of rake, like insanely over the sector avarage and still come out on top because the other players you play against could be horrible gamblers, of course the competitive side of it makes it possible for paying less rake but the idea stands.So, all in all you buy tickets and than someone wins, if that means what I think it means after all the tickets are sold and the roll happened someone wins and others loses and the casino basically makes money from that difference of what has been spent on buying the tickets and what the winner got, so if everyone combine buys tickets worth of 1 bitcoin and the winner gets 0.98 bitcoin that means house made 0.02 profit from that lottery.
I am not nearly sure if that is how it works but it looks like that so far.
So PvP is really looking like it is going to the house edgeless gambling because it technically can't and you can gamble as much as you want without really having to worry about house scamming you over about something, they are already making money no matter what so thats why I prefer PVP games the most.
March 19, 2019, 12:55:06 PM
Nice site and I hope you guys will not just remain at only gambling where users will only plat probably fair game and to be able to do sport betting also. And again the acceptance of bitcoin and other cryptocurrencies in the blockchain industry for user to be able to deposit and withdrew at any time and in any crypto currency.
March 19, 2019, 12:51:12 PM
First of all, i would like to say, as a experienced gambler, that is IMPOSSIBLE to have
0% house edge. That means you are not making any profits, and we all know, that cant be
true.
Ill sign up and check your site, and come back with a small review.
0% house edge. That means you are not making any profits, and we all know, that cant be
true.
Ill sign up and check your site, and come back with a small review.
Don't think about our profit too much XD. We will wait for your review
This is the first time I heard that a gambling site's owner do not think about profit. To be honest it makes me think something suspicious, I dont mean to say that you are going to cheat players but it just does not make senses at all to run a gambling site with no house edge. It is even unrealistic for a game vs the house, I do not really understand what is your main purpose of offering a non house edge game?
We are not a house. We are a platform. Please check our site
socialbet.iothat gamblers an freely use this site without any cuts coming from the house, it's really exciting to know how would you manage to keep
this site to last while you are not taking any profits from the gamblers who will use it.
Will wait for more updates and learned how monetization will help you up to continue your business.
March 19, 2019, 11:03:41 AM
So, now that I registered and playing I think I can answer all the questions about "zero house edge". I am in no way of expert and I am still trying to figure out how it works but this is not the type of game we ever played in anywhere else. The game idea is quite different from anything I have ever seen. There is constant "lottery" going on lets say.
So, all in all you buy tickets and than someone wins, if that means what I think it means after all the tickets are sold and the roll happened someone wins and others loses and the casino basically makes money from that difference of what has been spent on buying the tickets and what the winner got, so if everyone combine buys tickets worth of 1 bitcoin and the winner gets 0.98 bitcoin that means house made 0.02 profit from that lottery.
I am not nearly sure if that is how it works but it looks like that so far.
So, all in all you buy tickets and than someone wins, if that means what I think it means after all the tickets are sold and the roll happened someone wins and others loses and the casino basically makes money from that difference of what has been spent on buying the tickets and what the winner got, so if everyone combine buys tickets worth of 1 bitcoin and the winner gets 0.98 bitcoin that means house made 0.02 profit from that lottery.
I am not nearly sure if that is how it works but it looks like that so far.
March 19, 2019, 09:25:28 AM
First of all, i would like to say, as a experienced gambler, that is IMPOSSIBLE to have
0% house edge. That means you are not making any profits, and we all know, that cant be
true.
Ill sign up and check your site, and come back with a small review.
0% house edge. That means you are not making any profits, and we all know, that cant be
true.
Ill sign up and check your site, and come back with a small review.
Don't think about our profit too much XD. We will wait for your review
This is the first time I heard that a gambling site's owner do not think about profit. To be honest it makes me think something suspicious, I dont mean to say that you are going to cheat players but it just does not make senses at all to run a gambling site with no house edge. It is even unrealistic for a game vs the house, I do not really understand what is your main purpose of offering a non house edge game?
We are not a house. We are a platform. Please check our site
socialbet.io 
March 19, 2019, 08:37:34 AM
First of all, i would like to say, as a experienced gambler, that is IMPOSSIBLE to have
0% house edge. That means you are not making any profits, and we all know, that cant be
true.
Ill sign up and check your site, and come back with a small review.
0% house edge. That means you are not making any profits, and we all know, that cant be
true.
Ill sign up and check your site, and come back with a small review.
Don't think about our profit too much XD. We will wait for your review
This is the first time I heard that a gambling site's owner do not think about profit. To be honest it makes me think something suspicious, I dont mean to say that you are going to cheat players but it just does not make senses at all to run a gambling site with no house edge. It is even unrealistic for a game vs the house, I do not really understand what is your main purpose of offering a non house edge game?
March 19, 2019, 08:29:48 AM
First of all, i would like to say, as a experienced gambler, that is IMPOSSIBLE to have
0% house edge. That means you are not making any profits, and we all know, that cant be
true.
Ill sign up and check your site, and come back with a small review.
0% house edge. That means you are not making any profits, and we all know, that cant be
true.
Ill sign up and check your site, and come back with a small review.
It is possible of 0% house edge if there is some event but still it is on a very rare occassion. And btw I never experience that 0% house edge site will hold long enough, either it is a scam site or just they want to try some luck on their marketing and later they will increase it back. Even 0.7% house edge site do not hold that long enough although their site is getting some profit. So dont bother to check the site if I were you
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