Topic: Thinking of starting a Bitcoin Casino. - page 2. (Read 1083 times)
Your bankroll should be high, but that depends on what your bankroll is, if you have only 10 btc, you would have to make the max profit of your casino something around 0.1 to be safe, so it depends on your bankroll. If you want other tips, have a faucet for your site, do a few giveaways and people will come to your site
IIRC when Eric created and launched moneypot his bank roll was around 80-90 bitcoins and that was enough. I remember him saying it was nerve racking the first few days when he went to sleep wondering if someone would bust his bank roll by the time he woke up.
What you could do is limit the max bet size if you have a smaller bank roll, but don't make it too small or you'll lose potential players.
As for legality that's a huge gray area and a risk.
Good luck on your project.
What you could do is limit the max bet size if you have a smaller bank roll, but don't make it too small or you'll lose potential players.
As for legality that's a huge gray area and a risk.
Good luck on your project.
Thank you for your informative reply.
How do BTC casino sites in general run (considering the legality issues) ?
I believe they must run as anonymous as possible. So godaddy, hostgator and other mainstream providers are definitely not an option. I would assume they run somewhere out of any US jurisdiction.
IIRC when Eric created and launched moneypot his bank roll was around 80-90 bitcoins and that was enough. I remember him saying it was nerve racking the first few days when he went to sleep wondering if someone would bust his bank roll by the time he woke up.
What you could do is limit the max bet size if you have a smaller bank roll, but don't make it too small or you'll lose potential players.
As for legality that's a huge gray area and a risk.
Good luck on your project.
What you could do is limit the max bet size if you have a smaller bank roll, but don't make it too small or you'll lose potential players.
As for legality that's a huge gray area and a risk.
Good luck on your project.
Thank you for your informative reply.
How do BTC casino sites in general run (considering the legality issues) ?
IIRC when Eric created and launched moneypot his bank roll was around 80-90 bitcoins and that was enough. I remember him saying it was nerve racking the first few days when he went to sleep wondering if someone would bust his bank roll by the time he woke up.
What you could do is limit the max bet size if you have a smaller bank roll, but don't make it too small or you'll lose potential players.
As for legality that's a huge gray area and a risk.
Good luck on your project.
What you could do is limit the max bet size if you have a smaller bank roll, but don't make it too small or you'll lose potential players.
As for legality that's a huge gray area and a risk.
Good luck on your project.
If you haven't already, one thing worth looking to is moneypot.com We offer an API and a bankroll as a service, which allows you to make risk-free profit if you can bring gamblers to the table. You can see some examples of casinos that are based on it: dustdice.com and betterbets.io
You can checkout our thread or site for more info
You can checkout our thread or site for more info
I will look into it. Thank you.
Let me ask you this: Is there anything new or innovative you plan on bringing to the table? I think that is the biggest draw to new gambling sites these days.
To be honest, at the moment there is nothing innovative. It is just like all the other casinos out there. But I have several plans for it.
Let me ask you this: Is there anything new or innovative you plan on bringing to the table? I think that is the biggest draw to new gambling sites these days.
If you haven't already, one thing worth looking to is moneypot.com We offer an API and a bankroll as a service, which allows you to make risk-free profit if you can bring gamblers to the table. You can see some examples of casinos that are based on it: dustdice.com and betterbets.io
You can checkout our thread or site for more info
You can checkout our thread or site for more info
depending on where youre hosting this site, its a legal gray area at worst. youd probably need a few hundred btc in cold storage as the house's bankroll minimum. you should most likely consider security to be one of the top priorities in your site as well.
I myself am a white-hat hacker. I pentested it well (others have too) and it is quite secure. And where do you suggest I host the site?
depending on where youre hosting this site, its a legal gray area at worst. youd probably need a few hundred btc in cold storage as the house's bankroll minimum. you should most likely consider security to be one of the top priorities in your site as well.
So I've recently coded a Bitcoin Gambling site (only one game - hi/lo). It works fine, provably fair, and all. I stil have to work on the frontend though (styling, responsive design, etc.). That won't take much time. I'm planning to get the site up and running. I have a few questions:
1. Legal aspects. Would I need a license?
2. What should be my pot/bank size to get it started?
3. Best practices for running a BTC Gambling site (any BTC casino owners answer this please).
4. Any tips you'd like to give me?
Thanks.
1. Legal aspects. Would I need a license?
2. What should be my pot/bank size to get it started?
3. Best practices for running a BTC Gambling site (any BTC casino owners answer this please).
4. Any tips you'd like to give me?
Thanks.
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