how to attract investors (500 BTC) for new betting concept

[SteffSon]

Hi guys,
Thank you all for your answers.

Sure we will launch (a beta) first. I am not that optimistic to think that people send me BTC just because of a post here (lol).

It's not my first startup (lots of failures), so I have some contacts in the venture capital world.
But since I read a lot (confusing info) about smart contracts, ico's and backing the bankroll of a btc-casino
I want to get to the buttom of this. For understandable reasons like: crowd (or insiders) is better than vc, and the deals in ICO's and tokensales are better (from the entrepeneur pov) and faster, with less (or none) regulations.

I was thinking about:
-launching small with limited players and max bet per play.
-get feedback from early players and make the site better.
-launch a tokensale for x-amout of BTC/ETH, each token will represent a share in the site/project/company (=voting + profitshare).
-voting will apply on future projects like: getting (more) licenses (if in the future jurisdictions close/open), accept fiat payments (why not if we have a succesfull site and a license to opperate?), create new games, do acquisitions,...

In a nutshell:
I am here to make some money, in a honest way (well, if I tell my grandmother I want to run a bitcoin casino, not sure she will think if it's that honest, but okay).
I don't want to run away with 500 BTC from investors (even if it's a lot of money).

I am not a developer myself, but I know the technology is out there (tokens, smartcontracts, multi-signature transactions, provably fair, audits,...) to make an iconic, profitable site.

And btw: casinos/games whith a house edge of 1% do make way more money then 1% of the total bets. Don't let them fool you.
The profit a casino make is nearly the total drop (all the deposits). On each game a casino has a house edge, but with a good bankroll management players (often) go broke (in a setting). How much of you guys lost on those site till now only 1% of the deposits?
I am sure some of you will have actual profits. There will be smart guys who can control themselves. But most of the players (who are probably not on this forum) just bet untill they are broke.
The house always win, except when you have a loser doing the finances.


EDIT: my quesion is:
if the moment is there and we launch our beta, where to find the first players & where to pitch investors?
Here on this forum? Or...? Where is the best place for sponsered posts /ads?

Nobody has to answer ofc, but here is so much knowledge presented... It would be a shame of me not to ask you opinions guys.


Ty

[molsewid]

if you want to gain the trust of investors make sure the funds will be hold by the trusted people like escrow who had the biggest position and the biggest trust on this community, also the right plat form will be the best one to attract the investors to invest to your plan or idea of creating coins.

[BlockEye]

You must prove yourself your if you are trusted person to handle funds by presenting your real identity and uploading some video interview with you. Trust is the first factor you must consider if you are planning to establish a bussiness unit. And token is a nice way to distribute on your gambling site just like vdice and edgeless. But I'm really interested on what kind of gambling you will present that most gambling casino didn't have. 

[SteffSon]

You must prove yourself your if you are trusted person to handle funds by presenting your real identity and uploading some video interview with you. Trust is the first factor you must consider if you are planning to establish a bussiness unit. And token is a nice way to distribute on your gambling site just like vdice and edgeless. But I'm really interested on what kind of gambling you will present that most gambling casino didn't have. 

presenting my real identity, a video, a meeting... all not a problem for me

thanks for the examles

new kind = its a very old (and used) concept, we put it in a fresh jacket, fast, high returns, cool, easy, fun. You will see, I will be happy to show you soon.

if you want to gain the trust of investors make sure the funds will be hold by the trusted people like escrow who had the biggest position and the biggest trust on this community, also the right plat form will be the best one to attract the investors to invest to your plan or idea of creating coins.

finding a way to make sure the funds are safe is exactly what we need. What do you mean by: ''like escrow''  is escrow a person? who had the biggest trust?

How can I get in touch with Mr Escrow, to talk with him about holding funds safe...?

Thank you again

[lorylore]

There is a lot of people having the same idea as you and each of them have their own merits. so you need to find ways how you can differentiate yourself from them. You can have a look at the different ICO out there and see which one is attractive and find out the reasons why and so on. Marry all these reasons together and you will have a solid plan.

[lite]

ICO is probably the best way to raise funds. anyways you can take some ideas from these projects(https://funfair.io  https://dao.casino) or use them to build your site on the platform.

[michkima]

You must prove yourself your if you are trusted person to handle funds by presenting your real identity and uploading some video interview with you. Trust is the first factor you must consider if you are planning to establish a bussiness unit. And token is a nice way to distribute on your gambling site just like vdice and edgeless. But I'm really interested on what kind of gambling you will present that most gambling casino didn't have. 

presenting my real identity, a video, a meeting... all not a problem for me

thanks for the examles

new kind = its a very old (and used) concept, we put it in a fresh jacket, fast, high returns, cool, easy, fun. You will see, I will be happy to show you soon.

if you want to gain the trust of investors make sure the funds will be hold by the trusted people like escrow who had the biggest position and the biggest trust on this community, also the right plat form will be the best one to attract the investors to invest to your plan or idea of creating coins.

finding a way to make sure the funds are safe is exactly what we need. What do you mean by: ''like escrow''  is escrow a person? who had the biggest trust?

How can I get in touch with Mr Escrow, to talk with him about holding funds safe...?

Thank you again

Old concept with just a few iterations will not really fly anymore. Depending on what you do with it, it has a likely chance to fail. Maybe you should just present what you have in mind.

About escrow. Escrow is the term used for the transaction where an escrow agent (trusted person) will hold on to the money that will be used for this project. Since the escrow agent is trusted then people will feel more secure that their money is in trusted hands and not just a random stranger who is unidentified from the internet. You can find some here on the forum. Try this link here, https://bitcointalk.org/index.php?topic=855778.0.

[maydna]

Hi guys,
Thank you all for your answers.

Sure we will launch (a beta) first. I am not that optimistic to think that people send me BTC just because of a post here (lol).

It's not my first startup (lots of failures), so I have some contacts in the venture capital world.
But since I read a lot (confusing info) about smart contracts, ico's and backing the bankroll of a btc-casino
I want to get to the buttom of this. For understandable reasons like: crowd (or insiders) is better than vc, and the deals in ICO's and tokensales are better (from the entrepeneur pov) and faster, with less (or none) regulations.

I was thinking about:
-launching small with limited players and max bet per play.
-get feedback from early players and make the site better.
-launch a tokensale for x-amout of BTC/ETH, each token will represent a share in the site/project/company (=voting + profitshare).
-voting will apply on future projects like: getting (more) licenses (if in the future jurisdictions close/open), accept fiat payments (why not if we have a succesfull site and a license to opperate?), create new games, do acquisitions,...

In a nutshell:
I am here to make some money, in a honest way (well, if I tell my grandmother I want to run a bitcoin casino, not sure she will think if it's that honest, but okay).
I don't want to run away with 500 BTC from investors (even if it's a lot of money).

I am not a developer myself, but I know the technology is out there (tokens, smartcontracts, multi-signature transactions, provably fair, audits,...) to make an iconic, profitable site.

And btw: casinos/games whith a house edge of 1% do make way more money then 1% of the total bets. Don't let them fool you.
The profit a casino make is nearly the total drop (all the deposits). On each game a casino has a house edge, but with a good bankroll management players (often) go broke (in a setting). How much of you guys lost on those site till now only 1% of the deposits?
I am sure some of you will have actual profits. There will be smart guys who can control themselves. But most of the players (who are probably not on this forum) just bet untill they are broke.
The house always win, except when you have a loser doing the finances.


EDIT: my quesion is:
if the moment is there and we launch our beta, where to find the first players & where to pitch investors?
Here on this forum? Or...? Where is the best place for sponsered posts /ads?

Nobody has to answer ofc, but here is so much knowledge presented... It would be a shame of me not to ask you opinions guys.


Ty

if finally you launch your beta, you can make new thread on here by telling about your site, i think the other member will be giving their review for your site. and if they give some suggestion to fix or manage your site, you can follow their suggestion to make your site is good enough like other gambling site. this forum is another good place for sponsored post / ads or if you have a social media website like facebook, twitter and else, you can use your pages to promote your site.

[DRaGoN RaNTaRo]

If you are planning to come up with a decent site and then plan on raising 500 bitcoin then giving out tokens would be a good idea,but in order to have a successful project you need to have a solid project and if you can live up to these expectation then i think it is a possibility to raise these amount pretty easily .

[SteffSon]

Hi guys,

Thanks again for your answers.

We are building. I will start a new topic as soon as it its ready.
Anyone who is willing to participate (as a smartcontract dev, banner campaign, blogger, streamer,..) will be more then welcome.

Have a good weekend everyone.

Ty

[mothergodness]

We need to make a good business plan, not empty promises. Do advertising and offer different bonuses to attract participants. I hope you will succeed.

[erpbridge]

Tokens and all are not going to work. Just accept direct investments , same as sites like Justdice does.

To start with, I would sugegst put your site out there so people can have a look and see if it is worth investing in. Only then you will get investors naturally.

[Pab]

You can open ICO.ERC 20 or better erc223.Write good whitepaper,be transparent.Nobody will invest if developer is anonymous.Than you can market your project by launching sig,social media campaigne.You will pay people in your tokens so no need to spend your own money

[equator]

Hello all,

I am reading since a long time on this forum and I learned a lot about BTC and altcoins.

Because of the info I found of this forum I bought ETC, ETH and ICN long before their current heights.
Thank you.

I started to get intrested in BTC-betting/casino`s and investing in bankrolls of casinos/sites.
There are some good sites live, but honestly: most of them are copies of each other.

I am currently working on a (yes I say it myself) very nice, appealing, new concept.
We will launch with a working beta soon.

In order to get a bigger bankroll (to accept bigger bets) and apply for a gambling license we will be open for investments.
We can go the traditional way and ask friends, fools & family or even professional investors... but I also learnd on this forum that there are other possibilities.  How does it work? What are the possibilities? It 's a little confusing for me.

Idealy we would raise 500 BTC.

Do I give out tokens?smart contracts as a share of the project/bankroll/winning-losses...?



Ty!

If you genuinely wanted to develop a gambling site then you can go with ICO and as you have mentioned that you are first going to develop the beta site and after that you are going to launch , then if after you have launched the bets version you can go with ICO with smart contracts or token for profit sharing like VSL(VDICE) is doing which is good for you project to get good response.

[tabas]

U must convince investors that u wont run away after raising 500 BTC <= This is the toughest part.

Yep, this is the hardest part of attracting investors. Even there is a transparency that your project is good, investors now are wise. They want to secure their money before they will invest it to a new project. Most of the upcoming projects are the same in terms of crowd funding/sale. Just provide realistic returns and profit to your investors.

[Skarner21]

Much better to launch a beta test first if your gambling new concept can be trending you can attract investors to your site to invest.
They should need to see the project first and how does project secured..
If you are just telling them without a proof investors will think this is another scam so better to give them proof of work..

[Lauren Smith]

It sounds like a good idea but 500btc is so much money . I dont think you have dine enough. I mean is this the plan you pitching to us here ? You can do better. You will have to if you want thst sort of money. Maybe use a smart contract like an ico ? Or you can do an escrow maybe.

[moooonu]

It isn't that easy to attract investors specially when the money is too big to give to a stranger. They first need to get assured that you are not one of the scammers looking for each possible way to scam people. So start working and prove your worthyness and attract investors

[SvenBomvolen]

A signature campaign is a good way to attract attention, users and investors. I think that you need to organize one to reach your targets.
Good luck!

[cjmoles]

Hello all,

I am reading since a long time on this forum and I learned a lot about BTC and altcoins.

Because of the info I found of this forum I bought ETC, ETH and ICN long before their current heights.
Thank you.

I started to get intrested in BTC-betting/casino`s and investing in bankrolls of casinos/sites.
There are some good sites live, but honestly: most of them are copies of each other.

I am currently working on a (yes I say it myself) very nice, appealing, new concept.
We will launch with a working beta soon.

In order to get a bigger bankroll (to accept bigger bets) and apply for a gambling license we will be open for investments.
We can go the traditional way and ask friends, fools & family or even professional investors... but I also learnd on this forum that there are other possibilities.  How does it work? What are the possibilities? It 's a little confusing for me.

Idealy we would raise 500 BTC.

Do I give out tokens?smart contracts as a share of the project/bankroll/winning-losses...?



Ty!

The first thing you need to do is build a reputation....You can't just jump in here and ask for a $1.5M investment without standing in the community.  Yes, it sounds like a good idea, right? ---> just jump onto the forum, set up an ICO, raise a million dollars, and get rich quick!