SocialBet.io :: Know how are we going to monetize a casino with TRUE ODDS - page 6.

socialbet

newbie

Activity: 48

Merit: 0

Quote from: rammy2k2 on March 18, 2019, 02:25:22 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.

Don't think about our profit too much XD. We will wait for your review

rammy2k2

legendary

Activity: 1974

Merit: 1003

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.

felicita

legendary

Activity: 1582

Merit: 1031

Quote from: socialbet on March 18, 2019, 08:43:53 AM

Quote from: felicita on March 18, 2019, 07:08:33 AM

iam also interested how you payi9ng server and domain costs ?
With a 0 % house edge you must take free hosting and free domain or pay from your poket ?

regards

We are a startup and any expense is payed from our pocket.

ok sounds interesting . I just joined and had 1 btc on my balance with explains the high bets on your side.
I dont get it is it like cloud gambling XD

regards

dark08

full member

Activity: 798

Merit: 104

Quote from: socialbet on March 18, 2019, 08:42:40 AM

Quote from: Bitinity on March 18, 2019, 07:03:11 AM

Quote from: Xenrise on March 18, 2019, 06:34:30 AM

Isn't it 0% house edge is a marketing strategy for casino for them to profit? How can that make for gamblers profitable? But the site is good. I think that it is professionally made.

Marketing strategy to make profit? I think you have no ideas about this game. This site is offering pvp based game where players play against other players. If they have 0% house edge or they do not charge any fees on every game, how could they make profit?

We have ideas, how to monetize SocialBet. But now we are in Beta and right now we are not thinking about monetization, instead, we are doing updates and creating a better gaming environment.

What a meaningful words so we expect to make this game cool to attract more player hoping for your success but please dont dissapoint us and bring a good games for all of us.

Quote from: socialbet on March 18, 2019, 08:43:53 AM

Quote from: felicita on March 18, 2019, 07:08:33 AM

iam also interested how you payi9ng server and domain costs ?
With a 0 % house edge you must take free hosting and free domain or pay from your poket ?

regards

We are a startup and any expense is payed from our pocket.

Good luck team socialbet I know you can do it.

socialbet

newbie

Activity: 48

Merit: 0

Quote from: felicita on March 18, 2019, 07:08:33 AM

iam also interested how you payi9ng server and domain costs ?
With a 0 % house edge you must take free hosting and free domain or pay from your poket ?

regards

We are a startup and any expense is payed from our pocket.

socialbet

newbie

Activity: 48

Merit: 0

Quote from: Bitinity on March 18, 2019, 07:03:11 AM

Quote from: Xenrise on March 18, 2019, 06:34:30 AM

Isn't it 0% house edge is a marketing strategy for casino for them to profit? How can that make for gamblers profitable? But the site is good. I think that it is professionally made.

Marketing strategy to make profit? I think you have no ideas about this game. This site is offering pvp based game where players play against other players. If they have 0% house edge or they do not charge any fees on every game, how could they make profit?

We have ideas, how to monetize SocialBet. But now we are in Beta and right now we are not thinking about monetization, instead, we are doing updates and creating a better gaming environment.

felicita

legendary

Activity: 1582

Merit: 1031

iam also interested how you payi9ng server and domain costs ?
With a 0 % house edge you must take free hosting and free domain or pay from your poket ?

regards

Bitinity

legendary

Activity: 3066

Merit: 1312

Quote from: Xenrise on March 18, 2019, 06:34:30 AM

Isn't it 0% house edge is a marketing strategy for casino for them to profit? How can that make for gamblers profitable? But the site is good. I think that it is professionally made.

Marketing strategy to make profit? I think you have no ideas about this game. This site is offering pvp based game where players play against other players. If they have 0% house edge or they do not charge any fees on every game, how could they make profit?

Xenrise

sr. member

Activity: 672

Merit: 251

Isn't it 0% house edge is a marketing strategy for casino for them to profit? How can that make for gamblers profitable? But the site is good. I think that it is professionally made.

socialbet

newbie

Activity: 48

Merit: 0

Quote from: game-protect on March 16, 2019, 07:34:06 AM

Who is the operator?

Sorry, but what do you mean "operator"?

AnthonyPap

newbie

Activity: 18

Merit: 0

Quote from: socialbet on March 10, 2019, 01:57:50 PM

The beta version of SocialBet is now open for players worldwide.

SocialBet, a transparent and fair gaming platform, is now launched to the world. Designed with special attention to players and their opinions, our top-notch gaming space is made to bring the social aspect back into gambling. That is why SocialBet is completely free, i.e. the house edge is 0%.

The bold decision to reject the house edge once and forever is speaking volumes about our commitment to greater player experience. We enter the market with a clear goal - to deliver an honest and free platform created by gaming enthusiasts for players.

We will be following player experience with great care and attention because your feedback will shape SocialBet into an ultimate user-friendly and player-facing environment. On the early stage of the launch, the beta version will run bots to diversify the actions within the platform. On this occasion, we strongly encourage all players to unveil the full potential of socialbet.io, try out every feature and button and even find bugs. This outstanding interaction will help us, the developers, to improve the game and boost the entertainment to the maximum.

Check socialbet.io

Was thinking the same. 0% house edge? What's your profit channel then?

Diamond Member

jr. member

Activity: 33

Merit: 3

If you go to an IRL casino with a Poker room/table, the casino will take some amount per hand, even though the players are all playing against each other, and the casino is not risking their own money.

I applaud the PvP model, and think this kind of betting is more fun than playing vs the house.

I do believe it is appropriate to charge users some fee for using your casino, but this may be much less than what "traditions" bitcoin casinos charge. If you have enough volume, a .1% of 0.01% "edge" might result in you turning a profit.

There is a reason many in this thread have pointed out that relying on donations to fund your business is not realistic. Because this is not a viable business model. The "zero edge" will also make players suspicious.

Good Luck!

StarofBTC

hero member

Activity: 1148

Merit: 528

Maybe there will be plenty of pvp games where they make rake that is why they say zero house edge ? I mean after all poker games technically have zero house edge since house is not involved at all, or flip the coin or rock paper scissors all those games have zero house edge since its gambler versus gambler.

Are we sure they mean zero house edge in that way or not ? I mean you can't have a dice game and make the house edge zero because we ALL know it will collapse eventually no matter how much they try, they can do whatever they want and work in anyway they please but with zero house edge a dice game can't be sustained for the casino. So, we gotta ask ourselves what will be the zero house edge game they talk about, there are ones that can work with zero and if that's it than there is no problem.

game-protect

hero member

Activity: 1344

Merit: 507

Who is the operator?

examplens

legendary

Activity: 3472

Merit: 3507

Crypto Swap Exchange

Quote from: socialbet on March 15, 2019, 09:32:51 AM

Quote from: kaya11 on March 14, 2019, 10:24:17 AM

So how would the site get income when it has 0 house edge? I think there should be some, they just want attention and when the time comes they would collect uncertain amounts of BTC.
It's simple strategy, eye catching slogans like "SALE" or "Zero Interest" attracts people to buy it but in fact it will only deceived them when they have bought the product. And all services that are for sale are probably like this.

Our mission is to remove the house edge from the gambling. This is not a promotion or other marketing stuff. We are a platform where gamblers meet gamblers. This is the point. I mentioned before, that we are developing an article about this theme. Stay with us and shortly we shall publish it

Please test us! Your feedback is very important for us

You need money to keep your platform live. But with 0% house edge, I think it will go very hard. You may not need additional funding at this time, but I hope you plan to work on long runs then you will need a stable income. The donation is okay, but only as a bonus.
Also, KYC and gambling just do not go together. You will lose the battle with the competition, people like anonymous gambling. Maybe you can ask KYC for the biggest win and withdrawals or it's better to use external KYC service.

socialbet

newbie

Activity: 48

Merit: 0

Quote from: kaya11 on March 14, 2019, 10:24:17 AM

So how would the site get income when it has 0 house edge? I think there should be some, they just want attention and when the time comes they would collect uncertain amounts of BTC.
It's simple strategy, eye catching slogans like "SALE" or "Zero Interest" attracts people to buy it but in fact it will only deceived them when they have bought the product. And all services that are for sale are probably like this.

Our mission is to remove the house edge from the gambling. This is not a promotion or other marketing stuff. We are a platform where gamblers meet gamblers. This is the point. I mentioned before, that we are developing an article about this theme. Stay with us and shortly we shall publish it

Please test us! Your feedback is very important for us

dark08

full member

Activity: 798

Merit: 104

Quote from: panjul07 on March 14, 2019, 06:37:21 AM

Quote from: socialbet on March 14, 2019, 03:11:29 AM

We are in the beta testing stage. No real money yet

So how long the beta test is going to run? I tried some bets already with the fake balance (1BTC)
Since it is a beta testing stage, why you dont offer something like beta testers and give rewards to those who are participating? Lets say you run a small competition with the fake balance/play money during the beta testing stage and who will have the highest balance will win small amount of real money. Surely you may ask some feedback or bug report if any. Just a suggestion.

Good suggestion just be realistic find someone who can make a test for your beta site and give them a reward I more people in this site can do this job.
By the way I will write a review on my experienced in your site its pretty nice design but sometimes I feel laggy in the homepage just tobe honest its need some improvement but I like the games.

kaya11

full member

Activity: 1344

Merit: 110

SOL.BIOKRIPT.COM

So how would the site get income when it has 0 house edge? I think there should be some, they just want attention and when the time comes they would collect uncertain amounts of BTC.
It's simple strategy, eye catching slogans like "SALE" or "Zero Interest" attracts people to buy it but in fact it will only deceived them when they have bought the product. And all services that are for sale are probably like this.

socialbet

newbie

Activity: 48

Merit: 0

Quote from: panjul07 on March 14, 2019, 06:37:21 AM

Quote from: socialbet on March 14, 2019, 03:11:29 AM

We are in the beta testing stage. No real money yet

So how long the beta test is going to run? I tried some bets already with the fake balance (1BTC)
Since it is a beta testing stage, why you dont offer something like beta testers and give rewards to those who are participating? Let's say you run a small competition with the fake balance/play money during the beta testing stage and who will have the highest balance will win small amount of real money. Surely you may ask some feedback or bug report if any. Just a suggestion.

We did but we may ask again

Please test us, as your feedback will shape SocialBet into an ultimate user-friendly and player-facing environment.

panjul07

legendary

Activity: 3500

Merit: 1354

Quote from: socialbet on March 14, 2019, 03:11:29 AM

We are in the beta testing stage. No real money yet

So how long the beta test is going to run? I tried some bets already with the fake balance (1BTC)
Since it is a beta testing stage, why you dont offer something like beta testers and give rewards to those who are participating? Lets say you run a small competition with the fake balance/play money during the beta testing stage and who will have the highest balance will win small amount of real money. Surely you may ask some feedback or bug report if any. Just a suggestion.

Topic: SocialBet.io :: Know how are we going to monetize a casino with TRUE ODDS - page 6. (Read 1649 times)