Bitcoin Forum

Hello,

How much investment is needed to form a fully functional bitcoin based gambling platform?
Is it possible to create the complete platform individually without the help of software providers? How much coding is required for that?
How much ROI should I expect from a casino?

If there's anyone already running a gambling business or anyone who has information about this topic, can you share your insights please?

need high capital money if you have not skill programing
high budget buy script and license, gambling site

The biggest expense is going to be the bankroll, which is the amount of money you have on the side in case someone wants to bet high or wins big money. People don't want to play in small casinos that allow them only to bet low (even if they are always betting low) because it makes them think that the house is poor and could go under if it loses too much money.
Also, it's not hard to make a playable site. The hard part is making it secure. I've seen a lot of bugged casinos that allowed you to see cards before they were flopped or where your money was disappearing from the account or not appearing correctly.

I need numbers  ???

Not only do you need a lot of capital to start you are also going up against MANY other crypto casino's, good luck but this would be an area I would stay away from unless you can pull people away from the hundreds of already existing and functioning gambling platforms.

I have to invest in the pocket only, this has too many people to pay attention

Look into FunFair (FUN), they are going to allow 3rd parties to operate such a business on their platform, which should make it a lot easier to get this off the ground.

Bankroll size will depend on the max bet size and how much you can cover to repay may it occur every player wins.
Make sure your cold storage can always cover the overall player balance.


Sure some pro coders can do it.

Hi , i`m a PHP back-end developer , can we discuss some details in PM? Add me on discord CoderZ#5058 !

Cheers

Can you send me an invite again , it dissapeared suddenly!  :o

Depends on the number of games you offer.And obviously the investors you have on the house.Can't give you an exact figure but 50 bitcoins will be a good number to start with.

Yes it's totally possible to create your own casino from scratch without the providers. You will have to hire good developers and that would cost nothing less than 50k because you will need a team that would create design,develop it and also handle security side of the things.This is subjective depending on the level you developers you want on board.
The ROI depends on the number of players you manage to bring on the site.

What you want to know ? Better invest in a good casino rather starting your own stuff if you don't have the required money.

Software side you do not need to invest on the big fund bro. Most you need to care about the payment on API, Domain cost and server which you preferable. We cannot say what is the exact price about site completion. Its all about the features you do not confirm anything about money however.


Number means what you want to know bro. Is that price, you need to check the coder with that not here bro.

From my point of view this is an expensive work no idea why would anyone start planing this kind of development without all ready having numbers in head.

From my perspective minimum for development is 50k $ to get it all up and running with just 1 game and around 2 months of development
We charge 30$/h for ordinary development for blockchain stuff 100$/h

My friend was owner of gambling review site his monthly bill for development was more then 20k just for maintenance.

There are lots of Bitcoin casinos out there already. You will need the good marketing budget and marketing team to stand out and find your customers.