Bitcoin Forum

hey guys
i'm looking for a partner to invest in a bitcoin gambling website.
I don't have the knowledge but i do have the management skills and money to invest.
regards

finding a partner needs lots of trust and that is something that is hard to come by these days specially when you are online and anonymous!

my suggestion is that you hire people to do things that you want for you.
- someone or couple of people to do the designing and programming and security.
- a couple of people to do the support stuff, as in managing the site and answering the tickets.
- advertisement,...
and you manage and handle money and pay everyone yourself. in that case you should start a topic in services board to hire people and also you will have to use an escrow.

thank you for your reply.
what about those turnkey bitcoin gambling softwares that are out there? worth a try? you can get one for 15.000EUR or so

first of all you need to mention how much your budget to build this business , a rough budget of course. if it was a low/limited amount you may just can build a small site . but if you talking about building a casino like fortunejack (click on my signature below to look inside) you need a lot of things to be prepared. i would welcome to you to discuss with me here , by pm or skype as long as i have spare time i'll share all i know about building an online casino.

I was thinking about 15-20K.
i really like the coingaming.io platform. no idea how much it costs

15 to 20k USD? it's around 18 to 24 bitcoin or so, i don't think you can go with coingaming platform if you want to create a casino with live dealer games. you need at least 250k to 350k to start a strong bitcoin casino business , or if you insist want to build a bitcoin gambling site , you better have a fresh game that never exist before in bitcoin gambling site. with 20k you can go with it.

Knowledge and experience absoulute needed if you want made casino or gambling site, its will much better to minimize losses your money.
With budget 15k-25k i think better invest in an existing gmbling site, there is many gambling site offer you to invest in their site, while learning about risks and profits if you want made one next time.

Without any proper knowledge don't enter this field. This is very complicated, and you need more skills to run this business. Only with money you can not be able to run online gambling site. You need dedicated developing team run this website. And I think you will not get any partner in this forum. No one will trust easily anyone so if it works also it will take some time to set up. 

Thats why he needs a partner that would invest too and shall we say that he has the money to invest for 24 bitcoin and his partner would give the same which means more or less 50 bitcoin and i can say you could already build a gambling site but not the same on coingaming platform same as you said because designing would really need budget and also on marketing stuffs.OP should really need a partner since he have no idea or knowledge on building his own but the main problem here is the trust issues between two people.

he is still going to need a lot more than what he has right now to begin the operation. then after that he can ask for investors in what he has already started. with nothing, nobody is going to invest.
but for example if you see an established website for example like crypto-games you easily invest in it.

and if not, it may be better and easier to find investors face to face in real life rather than online.

Agree,its better to find business partner on real life rather than on online because you could somehow assure on your money when you know your partner personally and you have a contact or interaction with him compare to find on online which you wouldnt know if that person is serious or not or you just deal with scammer then for sure your money would be really at risk.

Actually live dealer's casino and a simple dice casino have a lot of difference because while the dice site runs on a script the live casino runs on the people and hence their salaries and hence a lot of management, place and time and a lot more.

Beyond our imaginations there are things that are worked on to make the site run and hence a lot of risk and investment along with time consumption.

Honestly you should look to find a local parner because online a lot of risks are there, since you are the knowledge guy and hence you are not risking much but the partner would be risking a lot since if you leave a little hole to eat up site by own, he can do nothing rather than just regretting.

even a simple dice site will not running smoothly with that low budget.
i agree if then he just invest the 15 or 20k dollar to a well known casino , not to build your own casino.
the budget is not enough , so better to increase budget and you are good to go.

This is very good idea instead of searching a partner to open a new gambling site better to invest in the running gambling site and earn the profit from the investment. Because neither doing the partnership  is good and you dont have that much investment that you can start your own gambling website.

If you have money to invest try to invest in some trusted casino's bankroll which can give you good return.

But if you want to run your own casino you have to gain knowledge regarding how to setup bitcoin gambling website because you can't trust fully on others with your money. Better learn about how to start, how to manage etc and than hire few moderators, designers, programmers, buy script and start your casino.

I personally like blockchain based game and i think there is still lots of space for blockchain based game/casino you can try to create one.

Not the best place to look for investment. I would rather advice disclose your identity to your relatives and tell them about you opening a gambling site, and have them invest in. Or just try your luck in getting crowdfunded by launching it first. I believe you can also try incorporating moneypot for it.

If you don't have any idea on coding or making a gambling site. Don't enter this business, what if your so called partner will backstab you and make a whole on your site just to steal your money stored on your server. It's okay to have a partnership in this business but you need to pick a trusted one and well know man on this forum. No issues at all in this community.

Normally how this works is the person that takes care of the bills servers and domains holds the money in cold wallets.
The cold wallet then should be made public so all users can see them including your partner.

Now building the site is kinda easy and depending what you want getting the site up and running with a few games is easy.
Best way to go about it is to set up a casino test out a few games, if you want live dealers there is many solutions you can go with that aren't as expensive as people make it out to be.
There is many places who can make casino's relatively quick and for little money, normally south American countries are good with this coding and some south east asia countries.

Cost up front you can make what you want with your budget, but you will need to factor in if you want it made by you or if your going to rely on 3rd party software.


Building and development:
Sever cost aren't going to be as high at the start of the site since server flow takes a while to build up with reputation.
Mobile capabilities these days are high priority and should not be over looked.
Your going to need a fair system that users can look over as best as possible.
Cold storage for btc is going to be a good idea, simple trezor or other cold wallet systems are fine to use.
Domain and ssl, and security for the site is going to be a decent cost.
Cloudflare these days is a must if you want to keep your site up at all times.
Deciding the platform of which you want the site built on if your going to have the software made or use a pre-made one.

This isn't as hard as people make it out to be, the big thing really is finding the right people to help out.
You shouldn't need anymore then a 3-4 person team at the start you will only really need you and your partner.

Id be very interested in something like this so feel free to hit me up.

yes that is really not a reasonable amount of bitcoin for starting a casino, i think it will not be an profitable casino, you may face so many problems, i think you must invest more that 200K for starting an effective casino.

Agree,when you are intending to build a casino/gambling site you would really need huge amounts because if you do have only a small budget then it would be still useless because you could able to build a simple gambling site and wont really attract too much people or players to play because website design is important into a gambling site because if people don't like the interface and design they will not pay attention into it. Searching for partners online is hard thing to do.

you should find a friend or someone close to your like a family member to make a partnership. although i personally don't like to mix business with family but sometimes there is no other option.

but if that is not an option for you, then think about taking a loan and when your site is up and running you can start asking for investors to come and invest in the bankroll.

my budget is not "locked" to this amount.
there are a lot of options with it though:
1. swissbets can setup a full working casino for 15kUSD and 15% of your profit goes to them monthly.
2. some other companies with similar deals.

what should be an average income for a good looking casino website?

I can work in keeping the website secure from vulnerabilities and dangers.
Let me know! Thank you.

I would be very careful when choosing your business partner, especially on a public forum like this that is known to host some scammers.

It wouldn't be the first time a coder builds a backdoor that allows them to steal the coins or adjust the payout rates to benefit themselves.

It is quiet true. Even user that have a green trust can commit scamming because of account selling here in this forum. It is better to look a partner that can provide identity rather than an anonymous one. And i bet that you will not see here a partner that are you looking for because it involves a huge amount of money to start with. Goodluck

it is very difficult to say because none of us have a casino and those who have are not going to share their income in public. so it would all be speculations.

and it depends on so many different factors like how old that casino is, what type of game it is offering. for example everybody would play dice no matter what but smaller number will play poker and so few will play binary.

one thing you can do is to look at those casinos that offer investment. you can see for example how much an investor is earning and then you have to search hard and find out how they are sharing the profit, then do some calculations to come up with an estimate.

I can help you as support of your site just let me know or pm me i can online 15 hours a day or more..
For managing maybe i can also manage the site. just pm me more details if you like me to join in your project..

holy shit man, lol.  that is not a good way to start a gambling site.  it costs a butt-load.  we have a license to run a gambling site and that alone cost $175,000, just the license.  then, building a site from scratch is a pain and will likely get cheated into the ground....

we have been designing a simple fast pick 4 site for over a year.  you simply type in 4 digits over and over and try to match the current randomly chosen four digit number, resetting the number every ten minutes.  the "site", the gambling/payment/numbers code was done in the first month, since then it has been hack our own site/beat that hack....without full blown/nasa level security you will go broke overnight...literally.  imagine our pick 4 site, first security issue...bots typing numbers.....that would mean a guaranteed winner every ten minutes, plus that scammer using multiple IP's and pc's the bot the site and losing thousands within the first five hours.

if you find a partner that knows their shit, then make sure you trust them and pray

Now you have come in a good plate forum, I am show you have been received many threads, So may be someone is here to guide you in your project, because most of the skill gamblers are here in bitcoin talk. I also think that i want to help you, but i am busy in my job and i have no extra time, And now i wish you will be started very soon a new gambling website.

royalty system always give you less price indeed , you can do create a casino with 15k USD.

the problem are really in your budget, you want a good looking casino site with 15k USD capital? go ahead it will never happened, a good casino always have strong and large capital more than just 15k , it is the amount for a dice site only i guess.

I guess managing and promoting are actually phase third or fourth activities while making a gambling site. It is quite difficult to find investors for such projects since its online and hence there are too many risks.
I think it's always better to find a local investor then to find a online person who would trust you.

What a specific skill you looking for?
At least let your close friends or family to get involved with you, if you stand alone.
I can do with some graphic design if you need it, just shoot me a PM with details.


AFAIK if you have good capital to run it and have good management with it, the income you will earn will be so pretty much, with nowadays bitcoin+online gambling is the perfect combination.

What is the minimum capital required to open a bitcoin gambling site?

You don't have the knowledge but you have the management skills? I think you need knowledge to know how to manage this bitcoin gambling site. I don't know if what is the minimum capital required in gambling, I think it is depend on the owner of the gambling site who need investors.

I think is very dificult you can get partner
if you have not skill without money, and youre account only newbie
is some person have money , and have skill can self open gambling site, management and control self handling, need worker but not control in management
if you without money, you can try use moneypot service, about bankrool you can open investment, or you can crate coin and then crowdsale and ico selling

It would be better if you are going to study it first, on how to run a gambling site, and other stuffs that requires on having one, because you might get scam by your partner if you don't have any knowledge about it, management and money is not that important, what is important is that you are not naïve in this thing.

And it would be hard to find legit partners here, why not discuss it with your friend personally, it would be great that way, for you to have brainstorming and you could easily fix the problem if there is any.

[1]He has skills (management skills), but dunno if his skill will be useful in gambling site.
[2]Account has nothing to do with what he want (All people started from newbie account), as long as he want to use escrow or other way to prove if he is a legit and honest person, it should be fine.
[3]He has money (he has money to invest), no need to use the service or suggestion which you mentioned.

Well, what kind of partner you are looking? A capitalist one or an industrial partner, if you have the money I guess you will not be having a hard time to find a professional people who can help you but everything should be transparent. All I can say is if you have enough money to invest, everything is possible even though you are not so familiar with the business you are planning to put, its given that gambling sites operates profitably in general but that's a lot of work to do I tell you.

well said mate escrow is a must when dealing to investment, even high rank members needs escrow when dealing so no matter what the rank is as long as OP is willing to use escrow this deal of teaming up for business are still okay, for OP just needed to look for more info about the business you wanted to start with then provide details here so investors who have knowledge can team up with you.

That depends on several factors:

- With license or without

- Type of casino

- Marketing strategy

- How much effort you personally can put in

Its really hard to find legit and trustable partners online and even your closest friend would still make conflicts with you in terms of money how much more on the person you would meet just online.Just as suggested better to study first gradually on how to make a good gambling site on what would be the things would be required.

I think it's possible if he is the capitalist because he holds the term and it should be in his favor since he risk bigger. Looking for a partner is something that gives a person an certain portion of ownership in your company  which I believe would not be easy especially if you are only looking online. You need to meet the person and discuss things over, that way you can make a background check about his accomplishments and his past work.

If I were you, I'm just going to hold it and keep on saving bitcoins and wait until the right time comes to convert it. It is too dangerous if you are going to make a gambling site with partners and you are not knowledgeable about it, I don't think that it is a good choice. You will easily be fooled and get scam by your partners if you don't know all the details about your gambling site, if you are really going to make it.

And 20K is not enough on building one, many players would gamble on your site of course, so, you should set the maximum amount of money that your team are going to be estimated, and I'm sure that it is not just 20K USD, it is between, half a million or so.

Meeting up your possible or potential partner would be the best thing to do because you can personally discuss to him about your future plans on your project and be sire to select those experienced and does have money to put on since this is the most important thing on looking up into a partner but the hard thing to build is TRUST.

Investing in online gambling site first is one of your options doing this you can learn more about
online gambling and experiencing the risk first hand or ask a person with the expertise in managing
and creating an online gambling site plus with your current budget it will be hard for you to fund your
gambling site you will not just a partner you will need partners if that is the only budget you have.

You really want to create gambling site then you must search for your friend's group or relations group. Here I think you will not find any partner. No one trust strangers in money matter including me. If I want to invest some money, i will think in all ways and will make partner only known the person. But if you find any partner it's good for you all the best mate.

i think you should explain more spesific about what you want because there is many invest in bitcoin gambling website. there is good for you if you have managements skills and money to invest and your partner maybe can have skills in programming language if you want to build or create new bitcoin gambling sites. but if you want to playing gambling, then your partner should be pro gambler because you need more than just luck to win the games and you need skills to back up your luck.

Exactly its really hard to find trusted person in online world and when money is involved the risk gets doubled so I think you should find a partner who is around you and whom you know personally and that will make things easier for you..