Bitcoin Forum

Hey guys!

So I'm currently in the works of starting up my own online casino only accepting Bitcoins (perhaps alt's in the future).

Why I'm making this topic is to perhaps get some help from you, as in what I should look out for, what you'd like to see to get interested in it, aswell as how much BTC you think I have to have in able to not go broke at launch.

I have my plan, but always welcome suggestions and ideas from you, the users.

I have a solid coder, a PR guy and a journalist in my disposal. So I'm really thinking about going big at this.

I'm currently looking at software from softswiss if you have heard of them. If you have personal experience with them, please do share, if you have any other company doing the same thing but perhaps better, please do share. I'd appreciate it.

That's all I can think of for now, I'll most likely add things on the go. I'm not in a rush here, just wanting to make everything as perfect as it possibly could be.

Best Regards,

Best of Luck.

I think the bankroll will be a big topic. Are you going to be self funding or looking for investors?!

If you are self funding you are likely going to cap the max bets to 1% of the bankroll. So if you have less than 100btc bankroll you are never going to attract the high rollers...

A bitcoin casino with an investment option might be a first too...

He doesn't need to worry about bankroll since he is using SoftSwiss (just like nearly every shitty casino out there).

Please develop your own software or at the very least don't work with companies that provide games that are not provably fair, and especially companies that provide BetSoft games. There is plenty of proof that BetSoft cheats players on the advertised "jackpots" for their games.

Also as a heads up: You probably won't get many players if you go the SoftSwiss route. There are quite literally dozens of SoftSwiss casinos on the market that have been there for years.

And this isn't just aimed at SoftSwiss, but also at Coingaming.io and other service providers that offer BetSoft games. I don't necessarily think that SoftSwiss is a bad organization, but they really need to drop BetSoft's game line.

One more note: I'm pretty sure you would also be pretty limited in terms of the alt-coins you would be allowed to accept (if any) if you went with them.

Why would you want to go with softswiss and betsoft ? There has been so much controversy about those sort of games . Why not get your game games and make them from scratch ? If you net a dev that is fine you can hire one. You should be expecting to pay so this shouldn't be a problem. That is a main thing for me as a player. I don't trust these funny devs like betsoft etc.

Another thing that would be great is honesty and good response. Don't make excuses not to payout a player for a bonus or any other reason. Just honour your agreement and pay up. That alone will get you a few more customers.

Lastly have some good welcome bonuses as well as free bonuses as well. Don't make them for to much and don't much silly rules and set the wager requirements to something reasonable. Show people you paying out on wins.

Lol basically watch watch the sites that people complain about most and do the opposite of what they doing ^^

Ah ok softswiss...

so just another clone.

hmm best of luck, I don't know how you can differentiate yourself then.

I would advise to to stay away from softswiss. There are a lot of casinos using that already and they have a lot issues. Most noticeable one is the fact that they are not provably fair. Develop your own games and make it as original as possible. Have some fun promotions that will give incentive and attract new players. Good luck with your project.

Great replies! I appreciate it.

After consideration I might take the other route and perhaps do my own thing, Will take more time but if you want to do it right that's no problem. But then comes the evere question of finding a good and reliable dev, but I'kl just have to check around and see what I find.

As for investment option that Would probably be a good idea, as that can both speed the project up and make it feel more secure in a sense. Would need to have everything in order before prospecting that.

I myself have been trying out more or less every casino out there dealing in fiat, so i do feel i know what to offer in terms of bonuses and welcome offers.

Again, appreciate all feedback and or ideas.

If you are targeting your niche toward the crypto community then you will need to know about provably fair. Additionally, you should also do some research on popular Altcoin - if you want more people to use your platform. I'd also like to warn you that there is a lot of big players (I mean Casino) in the crypto gambling industry. DirectBet, PrimeDice and 777Coin for instance. If you want to win them, you will have to make a lot of promotion - giveaway. One of the reason why DirectBet and PrimeDice (sorry 777Coin) is a huge success is because they have active promotion - especially DirectBet, free bet giveaway in Games and Round (go take a look).

Thanks!

I know about provably fair with hash rounds etc, might be different here but I'll learn.
And Yeah, continous bonuses aswell as good welcome offers are something ill work hard on to perfect.

Good luck to your casino

Good luck buddy ! i hope you're doing well with your business  ;)

Before officially launching, you should carefully check the code and test how it perform otherwise you will get busted even a small code bug. Good luck with your business!

Yeah, I had a similar site using skins from the game csgo. I learned alot from it, in particular the launch what to/ what not to do :),

Thanks!

What is your site? I'd like to check it out as I might get some ideas from it, if it's okay.

I think adding a feature that enables people to invest may attract alot of attention, you do however need to prove that the games are fair and that you can be trusted with the investments.

It is very true, because a small mistake can be fatal for a business website, because not all the code written is always right, sometimes we're wrong to write. So keep your hard work and help from those who understand about the website. Wake up sites with good and different from the others, that's probably the thing that you should look, because those things can give you a feel for your site

We are no longer running. Felt we've had our run, and with valve breathing down the neck of every gambling website we just did not feel like running it anymore.

I'm intrigued by the idea aswell, but as you say, I first have to prove myself trustworthy before pursuing anything

Yeah I'm with you all the way om this. However I do feel that i know which steps to take to make sure that no mistakes (foreseeable ones) Will occur.

I am not really experienced in the casinos but I have played a good amount of my time in different slot machines. Betking.io being my favorite online bitcoin casino I have played games there which were made by BOOMING software and they were really funny and very addictive to play. I don't know anything regarding them on provably fair but the games of this company took my full attention and I was only playing this kind of games until I quit as addiction was getting higher and higher. Never heard of Softswiss but Betsoft seems Ok to me but I repeat I am not knowledgeable in the provably fair topic.

Well its better to pay someone here just like others they are giving the link of his website and pay for a bugs and find an issue of the site before they pay..
So that they can get and test the site and give the information about the bug..

Wouldn't you need a license to run a casino of any sort even if it is an online one  ???
Where would it be located(server or from your own home)?
 This is important because certain jurisdictions don't allow gambling in their state or towns.

I do not need a license for bitcoin based casinos as it is not considered money, just as ingame items in for example csgo. As to where the server Would be located its more or less fine as long as its not based in the US. :)

If someone were to be interested in investing in to this, feel free to shoot me a pm where we can discuss further, and no I wont ask you to Send x amount of btc to me instantly, its more about talking things over.

Also if you are a seasoned coder you could Also shoot me a pm.

Thanks

I doubt this online casino's here have a license. The license part will be mandatory when you operate in a certain jurisdiction and at this time most of the bitcoin casino's
online work with bitcoin (no paypal, creditcard etc.).

Yeah exactly like this :)

Not all countries do so, I see that gambling online is easy at manipulation by someone who just wanted to shy away from the policy of the country. License only as recognition and did not have the impact that good enough for gamblers who suffered defeat in the gambling

Yeah, I guess you just have to build up trust and be transparent with the users to avoid such instances to occur. However we do need to keep it as anonymous as it should be to protect the users.

    If you're looking for a coder, better create a new post on the Service section of the forum. Running a casino is a sensitive business so hire a trustworthy coder and have your code reviewed by people you trust.
I'd advice you also keep a security bug bounty program for security researchers. Prevention is better than cure.

And for the investment part, you can just put an investment option available in the website(just like Justdice or bitdice) and include about the Investment in the Announcement thread of your website. Good luck :)

Edit: Further promotions might me necessary for investment part though :)

What is your bankroll? If you don't have more than 100K$ maybe it will be good idea to allow people to invest in your casino. High bankroll is very important for casino.

Thanks for the tip, and yeah the bug bounty part is a good Idea that I Will implement.

For the investment part, yeah I've seen those sites and would probably do something similar. I Will properly market it when I have something to show for it :)

Although i am not an experience gambler, i feel that welcome bonus etc. that you have mention does not attract me to want go play at your site. You need to find ways to attract new comers. One recent upcoming dice site LIR they have a beta round of tournament and it is fun. That leads to more people aware of their existence. That move i think is a right step for the future.

Well i think its very hard to find investors to your site if you are just making a dice game.. because its a common game in online.. better to think unique game and explain how it works how to promote it.. so that they know what will happen to your sites.

There is too many dice games out there already. So you need to have a unique selling point to get people to come to your site. In this way, not just the gamblers will come, even the investors will see some potential in this sites and are more willing to invest in it.

Right now im alone, looking for people to partner up with, aswell as possible investors, I'm not rushing in to anything here, just gathering all necessary info revolving it, and yeah, high rollers are something we'll want to attract :).

I'm not going to make a dice game. I'm making a casino, that mainly means slot machines, board games (roulette, blackjack) and in the future sports bets. It Will function as a normal casino, but at the same time having its own unique ideas. Main goal to attract money in to bitcoin and further increase its usage.

Design and security Will be the leading words.

And promotion part will be high up on the list, including members here to participate in gaining awareness.

I have a plan, just need to get in contact with the right people and execute it to perfection (I'm a perfectionist).

Good luck with everything. I wish I would have started a bitcoin sportsbook myself but I only got into bitcoin in 2014. It costs a hell of a lot to run a sportsbook or casino, if you do it properly any way.

One big win can clear you out, you need a lot of money to start off with. I think only early adopters run them & stick around.

Good luck though.

And you will better check everything either in closed beta, or in test net environment with virtual tokens. Exactly to avoid problems like this:
https://bitcointalk.org/index.php?topic=1411983.msg15694418#msg15694418 (https://bitcointalk.org/index.php?topic=1411983.msg15694418#msg15694418) where some players reported that basically new casino is running +EV mode under certain conditions.

Thanks, I hear you. I got invested in bitcoins mid 2013, have some experience, but I do know whats lacking and what I need to succeed :)

Yeah, will definetely run bug bounty programs aswell as thorough beta testing, to ensure we won't face any foreseeable mishaps. One mistake and we could be done for thanks to bad rep, I know that.

Appreciate the info :)

For these table games, do you plan to have a live version as well? Personally, i would prefer to play for live version as it is more exciting and feel more real for me. I have a greater sense of satisfaction of playing the games.

It is definetely something i'd be interested in pursuing, but most likely post launch. As when it comes to live casino that's a whole new level of logistics to take in mind.

Goodluck to you mate, but i must tell you that it is no easy task, several important things to have in mind is bankroll and time to established it, and one most important thing is that "how can you defeat the other trusted sites which is already exisiting?". Thats the biggest question, you have to face.
-cheers-

Yeah I do realize the challenges I'll face. That's why I'll make sure not to rush it and care for it as it were my baby.
Thanks!

yes mate be extra careful the bankroll should be high before you can actually profit from it, i know if you make it successfully you will earn more profit
so make sure to observed first on how this business work before engaging yourself into it. good luck.

Yeah, bankroll Will be key.
Thanks, appreciate it!

Bankroll is a key element in a casino, but let me tell you 1 even more element.
That's security, after your casino is ready, and you got funds make sure to make a security audit, if you work years for a good name and you got hacked, it's all gone and also game over for you.

Definetely. Main words as mentioned earlier are Security and Design :)

IF you have any feedback or perhaps ideas you'd like to see be implemented feel free to reply here and or send me a PM! :)

Thanks for noting my reply. I am hoping that you can have a nice launch of your site soon and i may even try it out. I am also interested in gambling sites that accept multi digital currency and if possible even have an exchange within it.

That's a good Idea with the exchange, but probably between the coins we'll accept otherwise it might become too much. But a very interesting prospect, perhaps trying to collaberate with an existing exchange could be a good Idea. I'll keep this post updated every step of the way, and I'll make sure you'll get to try it out :)

Yup, it could be an internal exchange too. The reason why it is good is because at times, i would like to change my little btc into plenty of dogecoins to play. With a bigger amount, it seems like i have enjoyed more when betting bigger amounts. The casino can also taxed a little from the transaction of coins. At times, i also just like to diversify my btc into multiple coins.

Yeah I exactly get what you mean, and I feel the same way :)

I would really like to see a craps game, since most casino don't offer it. But a craps game offering at least 3x, 4x and 5x odds, because the few that have the game only offer x3 odds.

That could be a good Idea, if we make it good I'm sure there are alot more people thinking the same thing as you do. I'll see what I can do :)

Cheers

To get success with your new gambling venture, you must have some new and innovative features that must attract many gamblers over other gambling sites. I mean to say you can have same dice gambling but with some new innovative ideas (I'm sorry I do not have any idea to mention here as an example).

Yeah I get what you mean, and I do have some ideas in mind. But for me another thing could also be superb support, good bonuses/welcome offers aswell as smoothness of our site could be something that attracts players from other sites.

I agree with your points and I want to add that your security must be impeccable since your dealing with money here. For example SSL is a basic standard practice and 2FA.

Exactly, we'll always pursue the Idea of "rather be safe than sorry"

I think you can do at least two things to attract people to a new online casino:

1. Make lower house edge than on other similar sites.

2. Launch a good Signature campaign here on bitcointalk to promote your site.

Also it's important that withdrawls and deposits work fast on your site, and that your site stays online 24/7.

Good luck! I hope you'll make a great site.

Yeah, have a sig campaign in mind already :).

Thanks mate, appreciate it!

Make a new casino will cost many bitcoins and you also need some bitcoins for marketings and some promotions. Signature campaign and social campaign like twitter and facebook are good too.

Yeah definetely, already have some campaigns in mind, but I do realize it Will be costly with everything

Starting his own gambling house must be a dream for every gambler.
Whenever I am encountering some losses in my gambling, usually I do think, my losses are winning amount for the gambling house owner. Why not I should be a gambling house owner instead of losing all the time being just a gambler.

True that, I've always had the same thought, but never had the resources or time and contacts to do it, until now.

Hmmzz, it is indeed the dream of all gamblers and dreams the most they are looking for and want to get is to get money and do not require hard work. It probably could have been realized but I'm sure only a fraction that can do it. Better do gambling with standards and has no greed

Yes, new thinking will always get it's credits. When we are having something different, then definitely the chances of getting success with our business is more. Already there are a lot of gambling sites offering different type of games and attracting gamblers in many ways. So, a new gambling site must have some unique features to ensure it's success.

Or offer the exact same things, but look better, work a bit better and have better campaigns :)

I do not think for any requirement of unique features. Offering same type of gambling but with some enhancement itself will attract more gamblers. When there was no instant payments, the sites which were offering instant deposit/withdraw options attracted many gamblers. Similarly, we just need some enhancement of existing system.

Exactly like you describe it. Won't hurt if it looks a bit better either ;)

You are talking about the shortcut of getting success. But you should never forget, new innovations definitely deserve it's own success. I agree it's too hard to innovate new type of things and enhancements for the any new business. But coming out without any new ideas, will make people to get bored after some time.

Games are same all you need is some new design with attractive user friendly interface at first place to start gambling as business. You need some kind of promotions with provably fair industry standard system. These things aren't enough to get succeed without heavy marketing plus promotion. I think after making great site you need heavy budget for marketing and to have bankroll to show the strength of your site. There is no reason to not have success if you properly manage things in correct way.

Exactly what I intend to do.

As I have no Idea what it is you are offering me, please do send me a PM with more information.

That doesn't matter at all actually because people do gamble only for entertainment and we know our chances in gambling and we understand that gambling sites no matter how good our method is.

Is there any place where you publish your research? How do we know that those numbers and accusations are not just numbers you are pulling off the top of your head?

Please dont use swisssoft. Be fair and be legit. Why hide your odds ? Be transparent and create your own slots why use some shitty slots you pay so much for that cheat your customers. You won't have many for long if you use swisssoft. Look through the forum and see for youreslf how many negative things people have to say about swisssoft .

hey Hhampuz,
if you still need a graphic designer for your project, i could offer my services. i am a freelance graphic designer from germany and pretty good at interface design and such. could send you references if you are interested! i would be pretty much interested in your project, so let me know if you are in need of good design for your site.

Yes, this is 100% correct. All players can think of this once in their gambling life. When we lose our bet, it will go directly to the house. So in this world how many gamblers are there. And in gambling, the winning percentage is always high to House edge. So everyone will think to create their own casino site. But we need more stuff to create the site. The OP have own idea and All the best for your Project.

Won't do Softswiss. Will make my own stuff from scratch, will take more time but ultimately it will be worth it, as I did realize after people told me about everything in this thread. The community has been of great help :)

UPDATE;

So I'm currently drawing out a plan here.

So far what I've realized we should do and what we want to pursue is:

- Custom software with a transparent Provably Fair system in place.
- Investment option for people to put in btc and take out shares from profit %.
- Slots, Roulette, BlackJack & Sic Bo will be main games to have ready at launch.
- English/Chinese language and support ready at launch.
- Rewardpoints, much like pokerstars has their "Starcoins" we wan't to do something similar to reward loyal customers.

Have alot more in mind but no need to go in to every little detail right now.

Appreciate any feedback on these points, aswell as if you have any other ideas/input I'm all ears.

I think online casino will require much higher amount of money for starting, especially the advertising need much more money, the better choice will be that you start an offline casino, with that you will earn more profit.

Could you elaborate? I'm not sure I follow you here. Offline casino?

There is no such thing as offline casino unless you are making a casino in your area. It is already known that the casino business is profitable but you cannot just start simply start with your business because you need to put up a large capital to make that kind of business.

If he is talking about actual real casino setup, then it requires money higher than that of setting up an online casino. Online casino, we just need a bankroll but to set up real casino we need an infrastructure, security to handle money and all those legal issues and I think it is not an easy task can manage only with money but also need a lot of contacts in government resolve those legal issues.

Well Of You Want to Start Your Own Bitcoin Gambling Website then You have to think About the Following things:-
1) Always Maintain a High Bankroll to Pay Your Users....
2) Hire a Good Marketing Team Which Will Help You For How You can Make Your Gambling Website Popular.....