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Author Topic: Gambling with Monero?  (Read 1495 times)
crwth
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June 10, 2017, 05:56:43 AM
 #41

I think making a gambling site would be profitable especially if there are a lot of players. Knowingly, if they deposit some of their bitcoins to the site and just gamble it easily or just without thinking, that's where you get the money from. Players would be attracted to possible currencies and just monero won't be enough I guess.



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June 10, 2017, 07:54:21 AM
 #42

Hello friends,

How think if I start Gambling site use only Monero.. is this good idea or not?

Thanks.

It's not a bad idea. It'll depend on how you treat your site. If you're able to attract more people to come to your site and make them feel at home then you have a chance to be success even though you only accept monero. Sustainable promotions can help you to achieve it!

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June 10, 2017, 08:42:19 AM
 #43

Hello friends,

How think if I start Gambling site use only Monero.. is this good idea or not?

Thanks.
in hat case the community of monero will use your casino and they will appreciate you and maybe they prefer your casino to play but for other communities it will useless who will not have monero for them you have to make the casino more interesting and will need to do high advertising for that site.



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June 10, 2017, 11:19:39 PM
 #44

OP i would suggest you to make poll with this question and run it for couple of weeks. Imho gambling site only with xmr won't be popular.
Is there any site, which accepts monero as payment for gambling
Lol, i think you didn't notice the post #8. scroll up!!
I think he forget to mention fortunejack.com
You can gamble with monero, btc, dash, nmc, eth, clam, rdd, ltc, xdg & nvc.

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June 10, 2017, 11:38:44 PM
 #45

Hello friends,

How think if I start Gambling site use only Monero.. is this good idea or not?

Thanks.

It's not a bad idea. It'll depend on how you treat your site. If you're able to attract more people to come to your site and make them feel at home then you have a chance to be success even though you only accept monero. Sustainable promotions can help you to achieve it!
You got the point but it will be still a bright idea if you accepting multiple crypto's than one altcoin because some gamblers honestly are lazy just to exchange their bitcoin or money into monero going to trading site just to exchange and play gambling with monero..
They will choose a site where they can easily gamble since many bitcoin gambling casino than monero.. unless if you have a unique game maybe you can attract them for promotion with bonuses to try the unique if they are wanted your game maybe you can gain more gambler to gamble in your site..

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June 11, 2017, 12:26:22 AM
 #46

Bitcoin is the most dominate cryptocurrency in the world. If you set up a casino using only Monero then you are seriously limiting your options. Current BTC dominance is a little over 40%.

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June 11, 2017, 12:39:29 AM
 #47

Hello friends,

How think if I start Gambling site use only Monero.. is this good idea or not?

Thanks.

I'm pretty sure that the actual monero core team or one of their members ahs already created monerodice. So you'll have a ton of competition from them as they generally generate pretty good gaming volumes. The url is https://monerodice.net/ just in case you want to check it out. There's also safedice which is an established company and you can invest in their bankroll. So really there is no point in creating your own.














 

 

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June 11, 2017, 12:58:23 AM
 #48

It would be better if people can gamble with other coins.  It will bring more community to your site.

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June 11, 2017, 03:12:12 AM
 #49

That will be bad idea, you should accept multiple altcoins because monero community is not quite strong right now so you may not get enough players. But along with bitcoin you can accept multiple other alts with inbuilt exchange features.
He probably only wants to offer Monero because of the anonymity aspect perhaps?

OP, I think it will definitely be difficult to attract enough players with Monero alone, I would at least add some other altcoins to the website.
Dash perhaps?

What if he attaches a mini exchange to the gambling website where whatever Altcoin or Bitcoin you have in your possession could be exchanged for monero before you place your bet ? I think that will work because unlike ShapeShift you wouldn't be charged for the conversion but the amount will be in monero equivalent as it was in your other Altcoin.

Idea is good but other coins conversion to monero and play is very big implement it will be as for that the store should be ready to use it and the conversion price should be ready to change according to the exchange price. But if you can install this service then you gambling site will become more famouse

It's best if the coin moved to monero conversion with a very big play can be implemented so that the shop should be able to menggunakanya and change it with the foreign price so you can install this service to the site more convenient and reliable gambling while playing the gambling.

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June 11, 2017, 03:23:53 AM
 #50

Hello friends,

How think if I start Gambling site use only Monero.. is this good idea or not?

Thanks.
Yeah , we would like to make gambling with the altcoins with monero and also with other .
Here it will be new revolution in the gambling field .
Since we have the fascilty to make gambling at the directbet.eu with the ETH but still I  think we need
Some other altcoins for the gambling because ETH needed a better amount of fee and also about
Montero has the equality of the fee , so I think it would be more better to add altcoins like doge , dgb,
Edr  like big altcoins which has very low fee ( about free transaction ) and we can come back each time
For the gambling .
So you should start your gambling site with the altcoins with monero , you will surely get better response
By the gamblers .


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June 11, 2017, 05:10:50 AM
 #51

I got very diffirent opinions of members.
somebody said monero is good, somebody said need alt coins, somebody said that bitcoin is leader.
Thanks friends.

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June 11, 2017, 05:20:54 AM
 #52

I got very diffirent opinions of members.
somebody said monero is good, somebody said need alt coins, somebody said that bitcoin is leader.
Thanks friends.


It would be better if you add the top coins to the gambling site so that all of the gamblers can gamble easily. Adding a single coin will make other coin holders go away. Think about it.

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June 11, 2017, 06:16:04 AM
 #53

Gambling is never a good idea. Always keep your altcoins on hold as you never know when they can rise up to the sky like bitcoin did few years ago.

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June 11, 2017, 05:07:02 PM
 #54

Gambling is never a good idea. Always keep your altcoins on hold as you never know when they can rise up to the sky like bitcoin did few years ago.

What you think? if gambling is never a good idea.. if they can rise - will be good Smiley
Do you know good idea?

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June 11, 2017, 08:03:18 PM
 #55

Is there any site, which accepts monero as payment for gambling
Lol, i think you didn't notice the post #8. scroll up!!
I think he forget to mention fortunejack.com
You can gamble with monero, btc, dash, nmc, eth, clam, rdd, ltc, xdg & nvc.

Yes he did lol. AFAIK, NMC,CLAM,RDD,NVC are no longer available on fortunejack.

It would be better if people can gamble with other coins.  It will bring more community to your site.
It's true, but managing so many altcoins is going to be difficult and costly(especially for a new site). i guess op could start with monero first and see the response or use a platform like moneypot/betking(upcoming).

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June 11, 2017, 08:29:12 PM
 #56

Hello friends,

How think if I start Gambling site use only Monero.. is this good idea or not?

Thanks.

My contribution to this would be for a new site coming on board, the basic currency is bitcoin which is something to be consider as a start but along the line, you can start pursuing your interest directly. Because by doing that you would have gotten your market share and the moment users are loyal, they won't mind any currency to play with according to your dictates by leveling on the current diffculites bitcoin is witnessing to swerve to your initial plan from the beginning.



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June 11, 2017, 09:09:09 PM
 #57

How can cloudbet be listed for taking monero?
Last time I was one there their casinos only accepted bitcoin as a way of playing on them.
That was a while ago because now they are looking to doing an exit scam by not paying their customers their winnings for weeks and some months.

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June 11, 2017, 11:20:57 PM
 #58

Gambling is never a good idea. Always keep your altcoins on hold as you never know when they can rise up to the sky like bitcoin did few years ago.
I wouldn’t want to gamble with Monero since the coin did not have as much history as Bitcoin does. Monero has a much larger chance of dropping in value compared to Bitcoin since it’s just an Altcoin.

Bitcoin is one of the things that I would gamble with because the price of it is very likely to not have a drastic drop in value in an hour or so after I place my bet. Monero is very risky, I wouldn’t recommend it.

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June 12, 2017, 05:06:26 AM
 #59

Gambling is never a good idea. Always keep your altcoins on hold as you never know when they can rise up to the sky like bitcoin did few years ago.
I wouldn’t want to gamble with Monero since the coin did not have as much history as Bitcoin does. Monero has a much larger chance of dropping in value compared to Bitcoin since it’s just an Altcoin.

Bitcoin is one of the things that I would gamble with because the price of it is very likely to not have a drastic drop in value in an hour or so after I place my bet. Monero is very risky, I wouldn’t recommend it.


I think it's not good to gamble with monero too, makes no sense for me and it can be bad. Example: I exchange my bitcoins to monero to play and while I'm playing, bitcoin pumps and increase its price a lot.
What means I lose the pump because my coins were in monero, that can't give the profit that bitcoin does. And it's hard to find a casino accepting monero.

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June 12, 2017, 05:10:30 AM
 #60

Gambling is never a good idea. Always keep your altcoins on hold as you never know when they can rise up to the sky like bitcoin did few years ago.
I wouldn’t want to gamble with Monero since the coin did not have as much history as Bitcoin does. Monero has a much larger chance of dropping in value compared to Bitcoin since it’s just an Altcoin.

Bitcoin is one of the things that I would gamble with because the price of it is very likely to not have a drastic drop in value in an hour or so after I place my bet. Monero is very risky, I wouldn’t recommend it.


I think it's not good to gamble with monero too, makes no sense for me and it can be bad. Example: I exchange my bitcoins to monero to play and while I'm playing, bitcoin pumps and increase its price a lot.
What means I lose the pump because my coins were in monero, that can't give the profit that bitcoin does. And it's hard to find a casino accepting monero.

Actually no, gambling with altcoins can offer significant advantages.

For instance, using dogecoin is able to save you a lot on transaction fees, and the minimum bet is lower. Using monero/dash on the other hand will give you better privacy of your funds. So if you don't want someone to look at your bitcoin wallet and ask you what you spent it on, monero is pretty useful because nobody can see your wallet details publicly.

As typos said though, the monero core team is already operating their own dice site. I simply do not see how you can survive with so much competition.


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