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Author Topic: cost of making gambling casino?  (Read 487 times)
ReiMomo
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April 03, 2020, 04:42:54 PM
 #41

It depends upon which kind of feature gambling casino you will try to build. If there is a bankroll in gambling platform you want to build, for example, a dice gambling game. There's should be a big amount of BTC under bankroll, it's quite a big amount and it is very crucial when you are starting because might your investment will be lost once it is a failure.

I can't give exact amount of cost but at least you will prepare your self to that and make sure your team is ready before starting to the gambling business gambling industry.

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April 03, 2020, 09:06:18 PM
 #42

Hi guys, what is the cost of making gambling casino based on btc?
if i have 25.000$ and new idea for a game i can start?
If you know how to code and make everything by yourself that budget could be enough to get you started and you will be able to create your own casino, there is just one big problem and that is your bankroll, there are very specific formulas to calculate your risk of bankruptcy, even if you have the house edge on your side if you allow the gamblers that play in your casino to bet too much the chances you go bankrupt are of 100%, and 25k is nowhere near enough to have as the bankroll of your own casino.

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April 03, 2020, 09:37:18 PM
 #43

Hi guys, what is the cost of making gambling casino based on btc?

It will vary on what site you are tending to make because i do believe that a dice site do have different cost than building with a sports betting one.
Talking about the cost? Dont have much idea but for sure lots of factors will affect the total cost yet it will depend from UI/UX design until to marketing stuff etc.
There are some threads that might be useful for you to read up and might able to get some ideas.

https://bitcointalk.org/index.php?topic=1637945.0
https://bitcointalk.org/index.php?topic=5131758.0
https://bitcointalk.org/index.php?topic=1760302.0

Most part of cost it's license in different countries. For example, in UK:

Quote
The full gaming license is a single license for your gaming business – the application fee is £5,000, the annual fee is £35,000.

Here is more - https://www.gamblingcommission.gov.uk/for-gambling-businesses/Do-I-need-a-licence/Types-of-operating-licence.aspx

annual fees you need to pay year by year and noone fuck about do you have profit or not. Some countries (like mine for example) don't have even the opportunity to buy license and your service can be blocked anytime.

you can try of course without permissions, but you should be ready to get into blacklist (your site and all it's infrastructure will be lost). 

Compromise - to buy license in offshores (price list - https://meliorgames.com/gambling/online-gambling-license-how-to-get-it/)

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April 03, 2020, 10:06:59 PM
 #44

if i have 25.000$ and new idea for a game i can start?

The direct answer, yes. For $25,000 you can start.

It will cover site building, domain, security - only if you have the knowledge to do this alone to minimize spendings.

It will not cover the license, salary of your team, aggressive marketing. But you can manage to solve that problem if you have knowledgeable persons that will help you.

What's left? BANKROLL. You already spend your $25,000 and let's say you have $5,000 left. That's a suicide bankroll if you ask me. Part of acquiring a license is your ability to cover the winnings. And if you think you want to be unlicensed for now, still your $5,000 is not enough to act as a bankroll. No one will use a site that is limiting their budget.

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