Bitcoin Forum

Hey everyone, have a quick question: how much bitcoin do I need to start a bitcoin casino? Gonna buy a turnkey bitcoin casino soon which will be about a grand, but about how much bitcoin do I need to reliably be able to pay off winners, at least in the beginning? I know the number varies, but ballpark.

A casino is a very profitable type of business but there are a lot of obstacles and troubles when managing your own casino. I think you would better to have a talk with a real manager of a casino which may explain you all dificulties and aspects if managing a casino. I do not know exactly how many bitcoins do you need to have to maintain a casino because it need to calculate a quantity based on a business plan.

Probably wrong section of the forum but you don't need any specific amount of money to be able to pay off winners. What matters is the highest prize/win you are allowing. For instance, if you have dice and you have 10 Bitcoins, you could allow the highest win/bet to be 0.05 bitcoins and be pretty safe. Someone would have to bet the maximum amount and win 200 times in a row to wipe out your 10 bitcoins which is virtually impossible.

Bitcoin-casino is an interesting and promising idea for business. First you need to consult with people who are involved in such a business. You must also have sufficient capital to be able to pay the maximum rates.

Which kind of Casino are you talking about?. I'd like to check it and know if it interesting.

I do not understand why you need this kind of business. Serious, modern people do not do such things. But from the beginners in the field of crypto currency you can have money. But I believe that this is a bit not fair.

This is a very tricky one, if you will do the scammy ones out there that can be manipulated by  operators. One person in telegram approached me and told me that he can let me win but it's half of the reward goes to him. So this thing is really possible as he showed me real evidences.