Bitcoin Forum

https://i.imgur.com/qYdThFM.png


Greetings,


This post is for the auction of https://betterbets.io Bitcoin casino which is currently ranked as a top 10 casino by volume in the Provably Fair Bitcoin gaming sector. We are selling the site to free up time for other work and hope the new owners can put in the time needed to continue the amazing growth of this casino. Our current Bitcointalk link is here: https://bitcointalk.org/index.php?topic=1065847.0

Here is the company sale pdf for people to review in greater detail: https://betterbets.io/BetterBets4Sale.pdf

Please review the .pdf before posting questions most of them should be answered in it.


What you will obtain from the sale:

1. Domain Ownership
2. All source code, including unfinished source code for upcoming games.
3. Git archive with complete revision history.
4. All graphics and artwork associated with the site including marketing info-graphics.
5. All social media, emails, and forum accounts currently run by Betterbets.io staff.
6. Ownership account on Moneypot.com to control funds for casino income.
7. Turnkey operation of BetterBets.io to easily install on a server of new owners choice.
8. 30 days of assistance from our staff to acclimate the new owners and help with a smooth transition. This includes marketing if the new owner(s) desire.
9. Over 8000 hours worth of marketing and coding labor already done for you.

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Income

BetterBets.io casino has earned at the time of this post 171.91BTC in income since launching on May 19th, of 2015. With a good team this casino could easily maintain a top 3 position in the market. It's been in the #2 most volume sites multiple times.

Current site stats:

Total Bets:   111,089,306
Wagered Bitcoin volume: 30,205,872,201.80 bits (30,205 Bitcoin)
Bets Profit:   350,957,482.58 bits (1.16%)
Expected Profit: 289,149,067.52 bits (0.96%)

Profit/Volume graph

https://i.imgur.com/Hvg7lq0.png

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Third party verifier:

You can verify past and present volume history at these trusted third party sites:

https://dicesites.com/betterbets

https://www.moneypot.com/apps/14-betterbets

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Here is a small sample of the reviews and social media aspect of BetterBets.io:

http://bitbiz.io/threads/betterbets-io-bitcoin-casino-vip-20-cashback-power-plinko-%E2%98%85dice%E2%98%85horse-racing%E2%98%85.887/
https://twitter.com/Betterbets_io
https://www.facebook.com/betterbetscasino
https://www.reddit.com/r/BetterBets/
http://gamblingwithbitcoin.com/betterbets-io-review/
https://www.youtube.com/watch?v=ZDaX_Lw1s6U

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Opening bid:

Auction starting price is 125 Bitcoin with increments of 5 Bitcoin per bid allowed. We reserve the right to reject any and all bids. Payment method is bitcoin only, preferably an escrowed 2-3 multisig transfer. RHavar (owner of Bustabit/Pevpot) has agreed to escrow.

Auction ends two weeks after the first bid at the starting auction price, thank you for bidding and good luck to everyone.

That 171.91 is revenue as in gross income, right? AFAIK you have a pretty aggressive rake back program which I believe is not included in that figure. In order to maintain the current volume I think the rake is an important factor. But how much is your net income after considering rake back and other expenses?

Whaaat ? bitcoins being sold ? This is where all my gambling happens! Hope the new owners keep it as awesome as it is now! >:(

Please see the PDF at https://betterbets.io/BetterBets4Sale.pdf (https://betterbets.io/BetterBets4Sale.pdf) for a more detailed breakdown of gross vs net profit; interested parties should really read that PDF in detail because it explains all/most potential questions in detail.

We are sad to see Bjorn and his team move on, and we wish them the best of luck moving forward! We look forward to working with the new owners in the future. If you have any concerns about BB relating to MoneyPot you can reach out to us and we will be glad to assist.

Best of luck with the auction!

Isn't 150 BTC a bit too optimistic, the "mother" site , moneypot started at something around 50 BTC and most likely sold for less.

Hello the opening bid is 125BTC not 150, in regards to Moneypot they provide a secure wallet and API to allow bankroll betting and provably fair. BetterBets.io is a full fledged casino so the two provide very different services.

Hi 21coin, as Bjorn said we provide a different service than BetterBets, BetterBets has generated over 100BTC net profit in the past 7 months. On another note, MoneyPot sold for quite a bit over the starting bid.

Like our prospectus (see PDF link above) details, it should be noted that BetterBets.io is highly profitable and in terms of volume generated provides about 75% of Moneypot.com's gambling revenues and profit (MoneyPot.com itself does not operate any gambling sites). So while MoneyPot focuses on providing the infrastructure for gambling sites, the actual revenue and profits come from sites utilizing MoneyPot.com services.

Given BetterBets' track record, if you were to buy it for 150 BTC and continue to do successful marketing like we have done, you can reasonably expect to recoup your investment in 6 months or less.

You guy do a lot of giveaways and have some kind of rakeback program. I would not doubt that these promotions have played some kind of impact as to how much players are gambling at your site. How much has your site earned after all of your promos?

Please refer to our sale prospectus at https://betterbets.io/BetterBets4Sale.pdf (https://betterbets.io/BetterBets4Sale.pdf) which explains all of this and much more.

Bottom line: we've had a net profit of 112 BTC, the bulk of which was generated over the past 4 months.

Im a moderator at this casino and i can say that this site has a lot of potetial for anyone interested in purchasing. Im sorry to see them go but i hope if the site sells the new owners can make it into the site the current owners want to see it become

+1. I also want to add that if the new owners keep it on MP (we hope they will!), they will also benefit from the expansion MP will be going through soon, as well as marketing on behalf of each individual site -- BB included! It's a great time to be around, and we look forward to seeing who the new owners are, :).

I can confirm that the gross profit has exceeded 171 BTC. After rakebacks and all, the numbers these men are giving are accurate. For just a 6 month period, these numbers are great! And this is just the start, the website already has active players and everything really does come along with it.

I'm sad to see the website go so soon. I wish you the best of luck with your upcoming ventures. I've been a loyal player since I joined MoneyPot, and I love playing on your site. Although having lost a good load multiple times, I'm always glad to have known the commissions went to a deserving team. I give my vouch for BetterBets and its services. Unfortunately I cannot bid on BetterBets, although I really wish I could've.

I'll be watching this thread, I hope BetterBets doesn't get sold :/

It seems like quite a few sites are getting sold lately. BetterBets has been a really solid casino so far so i am sad to see the owners go but i understand, we all have our reasons for the things we do. I hope BB finds a worthy new owner who helps the casino grow as well as it has so far.

Thank you for the kind words everyone, when a buyer emerges our developers will make sure this is an easy transition for the new owners. Lobos has even stated if they wanted they could assume control of the current server that powers BetterBets.io and not have a single minute of downtime if they should choose. I am willing to share all my ideas to ensure the new owner(s) has every advantage available to them to take over and move in a positive direction with the site. Many close to us know this, but for those who do not I spent 6 months on marketing research and concepts before we went live  in May 2015.

Our list of features is large enough even still to last a dev team for quite some time. Just because we need to sell and move on does not mean we do not wish the utmost success for this casino, and we'll give the new team whatever we can to ensure this. We have 2 more games that just need to be finished and could be added giving BetterBets a total of 5 games as well.

Bidding and winning this auction saves you 8000 hours worth of marketing and development work, best fortune to you all and bid with confidence.

Hi is there no way of buy out option? What changes from moneypot can buyer expect if keep at moneypot?

Bjorn is the wrong person to ask the MP-based question to...

As of yet, we're not 100% sure how, if at all, we'll be changing the MP split for app owners.

Since I couldn't edit the last post, I wanted to let everyone know that MP will be working directly with app developers to help create a mutually beneficial relationship, and ensuring we help make the platform -- as a whole -- successful. There are a lot of exciting things in store for MP over the coming weeks, months, and years ahead, and if you have any questions, feel free to reach out! If you make a bid on BB, understand that you're in great hands, with the full support of the MP team behind you all the way.

We know the new team of owners of Moneypot and have had several conversations with them; we're confident BetterBets.io will be in good hands with them. They understand that in order to their brand to succeed and thrive, the relationship between them and the individual gambling sites has to be mutually beneficial. So while I can't speak for them, I think you'll see positive changes under the new ownership and I'm quite certain that they will not be an impediment to the site's future success.

If anyone has any questions you can email our staff at contact@betterbets.io ,private message, or post in this thread. Before bidding please be able to provide a signed bitcoin message from an address under your control to prove your bid is serious. Have a great weekend everyone!

After reading the sale .pdf if you have any questions just ask us, thanks.

following for interest

Thank you for your interest.

One thing that should be emphasized is we are here to help the new owners make this an easy transition for 30 days after the site is purchased. We will be available beyond that if you need help or advice as well to some extent. This is a business we wish to see flourish long after our team has stepped aside.

OMG so sad to see you guys go. Betterbets owner has been one of the coolest around. Best promotions and rakebacks ive seen in awhile. I hope whoever decides to buy this keeps it close to the same

You should try flippa.com. there is lot of potential buyers keep buying successful business like yours. Goodluck with the sale  :)

Thank you for the suggestion, we were not aware of this site :)

It is hard to find larger buyers on this forum for businesses.  You may want to post on more sites to get a sale. Also perhaps lowering the starting bid from 125BTC may help your auction gain some initial bids. Anyway good luck with your auction after looking over the site a few months ago it's very well done.

Their initial bid is fine. Analyze the business, research the market, do due diligence, and you'll understand why.

Really wish USA residents could buy/partner into a business like this :-[. This looks like a great opportunity for sure.

Are you interested in a partial ownership deal? Considered listing it on Havelock? You could prob easily fetch 200 BTC.

We have not looked into Havelock as an option, by chance do you have a valid link to it so we can look it over?

havelockinvestments.com

I actually have multiple investments in companies there, :).

Yep, not a ton of trading but legit.

That's largely because the companies being supported are largely falling apart, :(. I think BB has great promise and could be the outlier.

Not sure if Bjornie mentioned this already but if you win the auction then you are entitled for all the lovely BetterBets signatures as well (and banners) that probably save atleast 0.5 btc for all these signatures set  ;). Goodluck !

not sure that's a great seller as whomever buys it will most likely create their own set of sigs and banners but if you look at just the numbers whoever buys this is not gonna be wasting their time. Site is already laid out for you most of the hard work is done. You just gotta maintain what's done for you as well as have a coder around to help and promote. Seems like it should have sold already if anyone likes money

Hello potential buyers, if no bids are received by December 31st we will cancel this auction and consider our other options. Normal operation will continue for our players as usual.

Five days left, if interested contact us via pm or email.

Auction will close in a few hours, thank you to those who showed interest and contacted us. Our team will continue to own and operate BetterBets unless a valid bidder comes forward by 1200 GMT.

Auction is closed, if a mod sees this please lock or delete at your discretion.