SocialBet.io :: Know how are we going to monetize a casino with TRUE ODDS - page 8.

omonuyak

sr. member

Activity: 882

Merit: 269

Quote from: jazmuzika217 on March 11, 2019, 07:31:20 AM

Quote from: traderethereum on March 11, 2019, 04:53:29 AM

How can people win that much bitcoin on that site? How much they use the money so they can be able to win that big amount of bitcoin? Huh

It makes me a shock to see that amount. Is that so easy to win a big amount?

After all, the site was easy to load, and it doesn't take a long time to open a full page.

Look suspicious that's a huge amount to win but it look like a testnet for the site? I will review this gambling site by the way is there any free coins to test your site? You have a 0% house edge compare to other gambling site I hope it that true.

we are waiting to hear what is your finding about this gambling site after your reviewing. I hope it will be positive as I like those huge amount of bitcoin in winning.

socialbet

newbie

Activity: 48

Merit: 0

Quote from: AmoreJaz on March 11, 2019, 03:11:04 PM

Quote from: socialbet on March 11, 2019, 11:40:10 AM

Quote from: coinplus on March 11, 2019, 11:05:02 AM

So wait a minute, you are going to make a zero house edge casino and you are going to hope that donations will keep it alive? How does that work ? I mean zero house edge means you could totally lose millions of dollars with a lucky streak from a whale (depending on the max bet), are you going to just cover that with donations ? You think you will get that much donations ?

Zero house edge never worked in the casino space ever before and there is a reason for that, casinos are not making the house edge 1% (or lower/higher) just for profits, they are doing it to make sure they don't bankrupt. There are casinos with positive house edge that lost money because of lucky rolls from gamblers, thinking you can find a way out of it is just a silly dream that would not work with just donations.

You are right in case if we have been a classic casino. But we aren't. Think about us as an ANTI-CASINO. We are not a house, we are a platform where gamblers meet gamblers. We do not need donations to cover the bank. We need them to push the project, create new games and add awesome features.

in time, we will know if this approach will be sustainable to this platform?
do you have contingent plans in case it will not make so much noise in the gambling community here?
understandably at first, you can get players but in the long-term scenario people always look for the better. they will jump from one platform to another. aside from boasting the 0% house edge, any other aspect that you are looking at that will help you survive in this industry?

Big things have small beginnings

We have a great team, long-term plans, and ambitious ideas. We are going to deliver innovative games with smart contracts.

socialbet

newbie

Activity: 48

Merit: 0

Thank you for your question about KYC. I have got an answer from the legal team.

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

Your feedback did help

We are currently updating our terms of use. Moreover, we are going to make KYC as simple as possible.

AmoreJaz

legendary

Activity: 3122

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: socialbet on March 11, 2019, 11:40:10 AM

Quote from: coinplus on March 11, 2019, 11:05:02 AM

So wait a minute, you are going to make a zero house edge casino and you are going to hope that donations will keep it alive? How does that work ? I mean zero house edge means you could totally lose millions of dollars with a lucky streak from a whale (depending on the max bet), are you going to just cover that with donations ? You think you will get that much donations ?

Zero house edge never worked in the casino space ever before and there is a reason for that, casinos are not making the house edge 1% (or lower/higher) just for profits, they are doing it to make sure they don't bankrupt. There are casinos with positive house edge that lost money because of lucky rolls from gamblers, thinking you can find a way out of it is just a silly dream that would not work with just donations.

You are right in case if we have been a classic casino. But we aren't. Think about us as an ANTI-CASINO. We are not a house, we are a platform where gamblers meet gamblers. We do not need donations to cover the bank. We need them to push the project, create new games and add awesome features.

in time, we will know if this approach will be sustainable to this platform?
do you have contingent plans in case it will not make so much noise in the gambling community here?
understandably at first, you can get players but in the long-term scenario people always look for the better. they will jump from one platform to another. aside from boasting the 0% house edge, any other aspect that you are looking at that will help you survive in this industry?

Caladonian

hero member

Activity: 1302

Merit: 540

Quote from: socialbet on March 11, 2019, 09:33:30 AM

Quote from: jazmuzika217 on March 11, 2019, 07:31:20 AM

Quote from: traderethereum on March 11, 2019, 04:53:29 AM

How can people win that much bitcoin on that site? How much they use the money so they can be able to win that big amount of bitcoin? Huh

It makes me a shock to see that amount. Is that so easy to win a big amount?

After all, the site was easy to load, and it doesn't take a long time to open a full page.

Look suspicious that's a huge amount to win but it look like a testnet for the site? I will review this gambling site by the way is there any free coins to test your site? You have a 0% house edge compare to other gambling site I hope it that true.

Yes, we are in beta and still testing the platform. Anyone who registers gets fake money to test our game. Also, we use bots to test performance and that huge wins belong to them

Good for testing your site, the fake money will allow players to navigate and enjoy all the games that you have offer, it's better to inform
the community about this testing ground, I visited your site and checked the terms and condition, in my understanding users needs to
prove he's already in a legal age, meaning to say you will going to ask proof such ID's ?

Waiting for some clarifications about KYC procedure.

socialbet

newbie

Activity: 48

Merit: 0

Quote from: AhmadM on March 11, 2019, 01:17:46 PM

I have visited your site several hours ago and from my honest opinion, the site has good UI. I just curious about the game so I decided to register an account there, then I got 1 BTC (fake amount) for test the game.

https://i.postimg.cc/nht3cKKf/IMG-20190312-001814.jpg

It was my games history and I was tried all of time-based games on there. I don't have any problem with the game but at the moment I believe almost 99,9% of players are bots (for game testing) maybe only me who is the human just now lol Grin

Thank you for testing

AhmadM

sr. member

Activity: 1008

Merit: 308

I have visited your site several hours ago and from my honest opinion, the site has good UI. I just curious about the game so I decided to register an account there, then I got 1 BTC (fake amount) for test the game.

It was my games history and I was tried all of time-based games on there. I don't have any problem with the game but at the moment I believe almost 99,9% of players are bots (for game testing) maybe only me who is the human just now lol Grin

socialbet

newbie

Activity: 48

Merit: 0

Quote from: coinplus on March 11, 2019, 11:05:02 AM

So wait a minute, you are going to make a zero house edge casino and you are going to hope that donations will keep it alive? How does that work ? I mean zero house edge means you could totally lose millions of dollars with a lucky streak from a whale (depending on the max bet), are you going to just cover that with donations ? You think you will get that much donations ?

Zero house edge never worked in the casino space ever before and there is a reason for that, casinos are not making the house edge 1% (or lower/higher) just for profits, they are doing it to make sure they don't bankrupt. There are casinos with positive house edge that lost money because of lucky rolls from gamblers, thinking you can find a way out of it is just a silly dream that would not work with just donations.

You are right in case if we have been a classic casino. But we aren't. Think about us as an ANTI-CASINO. We are not a house, we are a platform where gamblers meet gamblers. We do not need donations to cover the bank. We need them to push the project, create new games and add awesome features.

coinplus

legendary

Activity: 1386

Merit: 1058

So wait a minute, you are going to make a zero house edge casino and you are going to hope that donations will keep it alive? How does that work ? I mean zero house edge means you could totally lose millions of dollars with a lucky streak from a whale (depending on the max bet), are you going to just cover that with donations ? You think you will get that much donations ?

Zero house edge never worked in the casino space ever before and there is a reason for that, casinos are not making the house edge 1% (or lower/higher) just for profits, they are doing it to make sure they don't bankrupt. There are casinos with positive house edge that lost money because of lucky rolls from gamblers, thinking you can find a way out of it is just a silly dream that would not work with just donations.

Gozie51

hero member

Activity: 2660

Merit: 630

Vave.com - Crypto Casino

Quote from: slaman29 on March 11, 2019, 07:51:09 AM

OP the burning question you haven't answered is "Why on earth KYC"?

Yes this is important for OP to clear. I also don't know the reason for that and it is going to make gambling difficult for gamblers.

Quote from: socialbet on March 11, 2019, 09:33:30 AM

Anyone who registers gets fake money to test our game.

That's cool, I guess the fake money seem like demo gambling ?

Quote from: socialbet on March 11, 2019, 09:33:30 AM

Also, we use bots to test performance and that huge wins belong to them

Are you talking about the fake money or real money because you saying huge money belong to them Grin

Meanwhile, I hope the bots are reliable too...

socialbet

newbie

Activity: 48

Merit: 0

Quote from: jazmuzika217 on March 11, 2019, 07:31:20 AM

Quote from: traderethereum on March 11, 2019, 04:53:29 AM

https://i.imgur.com/nYzr2q3.jpg

How can people win that much bitcoin on that site? How much they use the money so they can be able to win that big amount of bitcoin? Huh

It makes me a shock to see that amount. Is that so easy to win a big amount?

After all, the site was easy to load, and it doesn't take a long time to open a full page.

Look suspicious that's a huge amount to win but it look like a testnet for the site? I will review this gambling site by the way is there any free coins to test your site? You have a 0% house edge compare to other gambling site I hope it that true.

Yes, we are in beta and still testing the platform. Anyone who registers gets fake money to test our game. Also, we use bots to test performance and that huge wins belong to them

slaman29

legendary

Activity: 2674

Merit: 1226

Livecasino, 20% cashback, no fuss payouts.

When I saw 0% house edge I immediately thought surely there is a commission or fee taken on everything but hey, it doesn't seem to say so on the site, or can someone show me I'm blind and point it out?

It's not the first time someone has tried this, by the way, for all you "gambler" posters who claim this is the first time you've ever seen it. Google 0% house edge and see what I mean.

OP the burning question you haven't answered is "Why on earth KYC"?

jazmuzika217

member

Activity: 476

Merit: 12

Quote from: traderethereum on March 11, 2019, 04:53:29 AM

How can people win that much bitcoin on that site? How much they use the money so they can be able to win that big amount of bitcoin? Huh

It makes me a shock to see that amount. Is that so easy to win a big amount?

After all, the site was easy to load, and it doesn't take a long time to open a full page.

Look suspicious that's a huge amount to win but it look like a testnet for the site? I will review this gambling site by the way is there any free coins to test your site? You have a 0% house edge compare to other gambling site I hope it that true.

socialbet

newbie

Activity: 48

Merit: 0

Quote from: dark08 on March 11, 2019, 04:20:31 AM

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

Wow a 0% house edge its that true? this is the only gambling site that I heared to offer a 0% house edge, by the way it there any Ann thread to read about the goal of your project?

Your site has a clear layout I will register to this site to try some games.

http://i.imgur.com/c7VAAff.jpg

Thank's for your feedback! We proud ourselves to be the first 0% house edge platform.

Quote

Wow a 0% house edge its that true? this is the only gambling site that I heared to offer a 0% house edge, by the way it there any Ann thread to read about the goal of your project?

Yes, we know about problems with the mobile version. Our next step is to make our site mobile friendly. We are a team of enthusiasts and need your feedbacks and if you like our mission, please donates us and we promise to build the best & fair gambling platform in the world.

P.S. Find more about us and our mission at socialbet.io/about-us

traderethereum

hero member

Activity: 2870

Merit: 574

Vave.com - Crypto Casino

How can people win that much bitcoin on that site? How much they use the money so they can be able to win that big amount of bitcoin? Huh

It makes me a shock to see that amount. Is that so easy to win a big amount?

After all, the site was easy to load, and it doesn't take a long time to open a full page.

Haunebu

hero member

Activity: 3178

Merit: 977

www.Crypto.Games: Multiple coins, multiple games

Quote from: Pedro12528 on March 11, 2019, 04:06:06 AM

Quote from: Carollzinha on March 10, 2019, 09:22:29 PM

Quote from: ?? on ??

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.

For sure, but maybe is the house edge is 0% - there may be doubts about games provably fair.

It is possible to check whether the games are provably fair or not on our own which is why I don't understand your doubts in this aspect.

The KYC process is a bummer and I hope that Socialbet will get rid of it since this whole 0% house edge concept sounds interesting and I will look forward to the development of this site.

okala

full member

Activity: 980

Merit: 114

Socialbet should be ready because this feature of no house edge over betting on the platform will make socialbet if not the first gambling site with this decentralized feature, and that will attract attack from the other gambling and betting site's who will see this feature not appealing to their business.

dark08

full member

Activity: 798

Merit: 104

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

Wow a 0% house edge its that true? this is the only gambling site that I heared to offer a 0% house edge, by the way it there any Ann thread to read about the goal of your project?

Your site has a clear layout I will register to this site to try some games.

Pedro12528

member

Activity: 490

Merit: 13

Quote from: Carollzinha on March 10, 2019, 09:22:29 PM

Quote from: ?? on ??

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.

For sure, but maybe is the house edge is 0% - there may be doubts about games provably fair.

davis196

hero member

Activity: 3150

Merit: 937

Quote from: Bitinity on March 10, 2019, 04:09:11 PM

0% house edge? So how will you make profit? I just checked your site for a while, my concern goes to this:

Quote

20. The User is fully responsible for paying all fees and taxes applied to their winnings according to the laws of the jurisdiction of User’s residence.

So players should pay income's fee to the local government? I dont quite understand about above term as it is the first time I read this term.

Quote

59. To withdraw funds, We require complete verification of Your account with all the docs needed

This other term will not make your site become popular in this bitcoin gambling industry, what is the point of accepting bitcoin only but you requires for KYC?

There are some big winners under the recent winners tab, 3-4btc win. Are they real winners?

Rule 20 is just common sense.I'm suprised that they put this in their Terms of service.Every player has to pay taxes for his winnings.Gambling profits are an income and they are taxated in every normal country.
I don't understand the thing about KYC.How they will keep and use the sensitive info from all users,if they don't generate enough revenue to pay for better security.

Topic: SocialBet.io :: Know how are we going to monetize a casino with TRUE ODDS - page 8. (Read 1649 times)