How to make sure you don't lose money

[theonething]

I'm about to launch a "gambling" website soon which will not take any fees at all and will only live off ads/donations (not sure how well it will go, but we'll see). So the chances to double your money would actually be 50%, not a bit lower. I already have implemented a coin flip mode, where one player creates a new coin flip game and the other joins it, but I also want to create a mode which does not require a second user. For example slots or roulette, since you can play it alone and don't need to wait for a second player. One of the main reasons I want that kind of mode is that because most likely at first the website will not be frequently visited and I don't want users waiting minutes (or even hours) just to play a single game.

And I could make a mode that you could play alone, but what if someone keeps winning and winning? The money the player wins won't come from someone else, but from me. And I don't want to risk losing everything myselfmyself and then not have enough money to give out.

Anyways, I need an idea for a gamemode that a player could play by himself (WITHOUT a house advantage) without there being any other users on the website, while I wouldn't have to risk losing big money myself, because some user got lucky.

I think this is impossible, but perhaps there is some way, I've been thinking of something like "out of every $10 played, $5 will be lost", but I believe it could be abused and what if someone bets a huge amount once and wins?


So, any ideas?

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[marlboroza]

I'm about to launch a "gambling" website soon which will not take any fees at all and will only live off ads/donations (not sure how well it will go, but we'll see).

It's not going to work. You can't run gambling site and rely on ads and donations.

So the chances to double your money would actually be 50%, not a bit lower. I already have implemented a coin flip mode, where one player creates a new coin flip game and the other joins it, but I also want to create a mode which does not require a second user.

0% house edge PVP coin flip is nice, but you won't get any money from it.

For example slots or roulette, since you can play it alone and don't need to wait for a second player.

Roulette with 0% house edge is roulette without zero 

And I could make a mode that you could play alone, but what if someone keeps winning and winning? The money the player wins won't come from someone else, but from me. And I don't want to risk losing everything myselfmyself and then not have enough money to give out.

Then create pvp site only.

I need an idea for a gamemode that a player could play by himself (WITHOUT a house advantage) without there being any other users on the website, while I wouldn't have to risk losing big money myself, because some user got lucky.

Not going to work - for you.

I think this is impossible, but perhaps there is some way, I've been thinking of something like "out of every $10 played, $5 will be lost", but I believe it could be abused and what if someone bets a huge amount once and wins?

Now you are talking about house edge.

[B4RF]

PvP gambling site without houseedge sounds nice but you need a big player base for this to work.

But you need to have a bankroll if you want to implement a game mode for single player.
You cant simply hope that players will lose half their games...at some point in the beginning you will probably end up in red and you need to be able to cover those losses.
Since you dont wanne take a houseedge in that case as well you might have a hard time to get the site running simply from ads.

Either get yourself enough btc to allow players playing against your house and each other with zero he and hope for the best in your ad revenue or simply dont run a gambling site since there are already plenty of them and without bankroll or houseedge you are going to have a hard time.

[Mike Mayor]

So like gamefaucet but without the + house edge. I think if it is 0 it will work. Over the long term it will not lose you not make you money. However please remember you must make sure your bankroll can handle the wins. Maybe keep the casino to low bests only. Like a mini casino. I think even with a house edge of 0 you could still profit because of greed.

[daringdiscovered]

We are talking here about Gambling and it is impossible not to lose money on this track, this thing is only compose of two situations, either you win or lose, and if you want to lose any money, then just simply not go to the gambling world, because if you get yourself in and get addicted on it, it would be hard for you to get out and quit because you are losing too much.

[Pettuh4]

We are talking here about Gambling and it is impossible not to lose money on this track, this thing is only compose of two situations, either you win or lose, and if you want to lose any money, then just simply not go to the gambling world, because if you get yourself in and get addicted on it, it would be hard for you to get out and quit because you are losing too much.

Exactly, no matter how professional or thoughtful or insightful you become you will still loose at gambling so people should just not lie to themselves but rather accept reality that you can loose any time since it's a game of chance. I accepted this reality the very day I began gambling and that's the reason why it's been difficult for me to be addicted but I rather make correct decisions because I'm always having a cool head.

[Casabrandy]

We are talking here about Gambling and it is impossible not to lose money on this track, this thing is only compose of two situations, either you win or lose, and if you want to lose any money, then just simply not go to the gambling world, because if you get yourself in and get addicted on it, it would be hard for you to get out and quit because you are losing too much.

Exactly, no matter how professional or thoughtful or insightful you become you will still loose at gambling so people should just not lie to themselves but rather accept reality that you can loose any time since it's a game of chance. I accepted this reality the very day I began gambling and that's the reason why it's been difficult for me to be addicted but I rather make correct decisions because I'm always having a cool head.

But if you use only BTC from faucet when you gambling, You are definitely not lose your money no matter what happened. So i think the OP question is still possible.
Isaw already many user here that only play with faucet coin and they can manage to have profit.

[milewilda]

I'm about to launch a "gambling" website soon which will not take any fees at all and will only live off ads/donations (not sure how well it will go, but we'll see). So the chances to double your money would actually be 50%, not a bit lower. I already have implemented a coin flip mode, where one player creates a new coin flip game and the other joins it, but I also want to create a mode which does not require a second user. For example slots or roulette, since you can play it alone and don't need to wait for a second player. One of the main reasons I want that kind of mode is that because most likely at first the website will not be frequently visited and I don't want users waiting minutes (or even hours) just to play a single game.

And I could make a mode that you could play alone, but what if someone keeps winning and winning? The money the player wins won't come from someone else, but from me. And I don't want to risk losing everything myselfmyself and then not have enough money to give out.

Anyways, I need an idea for a gamemode that a player could play by himself (WITHOUT a house advantage) without there being any other users on the website, while I wouldn't have to risk losing big money myself, because some user got lucky.

I think this is impossible, but perhaps there is some way, I've been thinking of something like "out of every $10 played, $5 will be lost", but I believe it could be abused and what if someone bets a huge amount once and wins?


So, any ideas?

Your question does really need commonsense for it to be answered. Making a gambling site just relying on ads or donations would be a dumb thing and its just like you are just throwing money on the concept inside of your mind. You are making a business and expect no one would give out donations for you and ads earnings wouldnt be sufficient even how many players would go to your site. If you dont like to lose big then better not to proceed on this plan, we know chances of some lucky guys on playing gambling is possible which would possible burn a hole in your pocket once they hit it. 50% chances results are random and setting a ratio against win or lose doesnt guaranteed anytime because it would depend on users luck on playing too. Lets say 50% chance winning. ratio on last 10 bets = 6W/4L next 4w/6 lose, in this example its all random ratios.

[MinerHQ]

I think the title needs to change. It is bit misleading the readers. I thought it is a method to avoid losses but it is zero % house edge gambling site. With this method still, gamblers can lose money because their winning percentage is only 50% so you should change the title of this topic.

These gambling sites to maintain you need to lot of funds and that much money I don't think you can get it from advertisements. You need to find ways to generate some profits from this site.

[ralle14]

I think the title needs to change. It is bit misleading the readers. I thought it is a method to avoid losses but it is zero % house edge gambling site. With this method still, gamblers can lose money because their winning percentage is only 50% so you should change the title of this topic.

I agree OP should change the title to like pvp gambling ideas or Gambling with no house edge.


If you don't users to wait for another user to take their bet just set up a bot that will host a coin flip game that way the users will just go and bet right away. This was already done by bitdouble.io but they take a small cut from the winning player.

[KennyR]

The idea seems good and has a possibility to get implemented. But when real time usage begins or when it goes under testing will realize the difficulties to manage the same. Because one won't be getting the chance of money making through ads and donation. This is all factor of time to give the answer. As several gambling websites go bankrupt this happens.

[daringdiscovered]

The idea seems good and has a possibility to get implemented. But when real time usage begins or when it goes under testing will realize the difficulties to manage the same. Because one won't be getting the chance of money making through ads and donation. This is all factor of time to give the answer. As several gambling websites go bankrupt this happens.

That is the truth behind this madness, it is true that we could earn a lot of bitcoins on it, but the truth is if you can't manage it correctly, then you are going to be bankrupt. This gambling site as a business is not a joke, you have to spend more of your time on it so you could manage the earning that you could make in a day, also for you to know what you should change to balance the earnings or the prices that you are going to give to the players who are going to win.

[kodes88]

I'm about to launch a "gambling" website soon which will not take any fees at all and will only live off ads/donations (not sure how well it will go, but we'll see). So the chances to double your money would actually be 50%, not a bit lower. I already have implemented a coin flip mode, where one player creates a new coin flip game and the other joins it, but I also want to create a mode which does not require a second user. For example slots or roulette, since you can play it alone and don't need to wait for a second player. One of the main reasons I want that kind of mode is that because most likely at first the website will not be frequently visited and I don't want users waiting minutes (or even hours) just to play a single game.

And I could make a mode that you could play alone, but what if someone keeps winning and winning? The money the player wins won't come from someone else, but from me. And I don't want to risk losing everything myselfmyself and then not have enough money to give out.

Anyways, I need an idea for a gamemode that a player could play by himself (WITHOUT a house advantage) without there being any other users on the website, while I wouldn't have to risk losing big money myself, because some user got lucky.

I think this is impossible, but perhaps there is some way, I've been thinking of something like "out of every $10 played, $5 will be lost", but I believe it could be abused and what if someone bets a huge amount once and wins?


So, any ideas?

i have no idea,and honestly i dont know how gambling site earn money,and mke sure that they will not losing a huge amount of money,just like dice site,or maybe faucet,because i'm ot developer,and so far i dont care how they run. but i wish i can found how it work here.

[lorylore]

We are talking here about Gambling and it is impossible not to lose money on this track, this thing is only compose of two situations, either you win or lose, and if you want to lose any money, then just simply not go to the gambling world, because if you get yourself in and get addicted on it, it would be hard for you to get out and quit because you are losing too much.

I also agreed that if you really dont want to lose any money, just dont go and gamble. Gambling games are designed to make you lose so they can get the profits for themselves. Gambling should be treated as a form of entertaining and be prepared to lose when you want to get yourself entertained.

[piloder]

And I could make a mode that you could play alone, but what if someone keeps winning and winning? The money the player wins won't come from someone else, but from me. And I don't want to risk losing everything myselfmyself and then not have enough money to give out.

If you don't have enough money to run a dice site than why you want to create and run it?
Also your idea is not something new, there are many other pvp dice sites but all of them are struggling to attract traffic/users. 0% house edge doesn't mean that players will keep on winning if they are playing in probably fair casino. No any investors will be willing to invest in any casino with 0% house edge so if you want to still make this casino, you have to use your own bitcoin as bankroll.

[mrcash02]

Impossible, you excluded the only option to make this work, the PVP mode. Players can't play by themselves against the house without 0% house edge. Ads, donations, expensive withdraw fees, nothing will guarantee you a safe sustainable system.

Also, you will have high difficulty to attract investors to your site to fund the bankroll.

What you could do is to set a low house edge, and when the site start making profit, like for an example, 20 BTC profit, you set 0% house edge until you lost the 20 BTC profit, so the house edge back to the normal again. What do you think?

[Trrrt]

It's a very nice idea but it will very hard to control the variance and a big chance for a player can make your site off immediatly.
But if you are great in maths i think you can make prediction to protect your website by moving probability in each game.

[megynacuna]

We are talking here about Gambling and it is impossible not to lose money on this track, this thing is only compose of two situations, either you win or lose, and if you want to lose any money, then just simply not go to the gambling world, because if you get yourself in and get addicted on it, it would be hard for you to get out and quit because you are losing too much.

I also agreed that if you really dont want to lose any money, just dont go and gamble. Gambling games are designed to make you lose so they can get the profits for themselves. Gambling should be treated as a form of entertaining and be prepared to lose when you want to get yourself entertained.

Losing is inevitable when it comes to gambling so I will not have you lie to yourself and others that there's a sure way of not losing money. It's not true because the house is there to profit, they are in business and will not relent in taking you shoes off your feet so the OP should better get real.

[joebrook]

There isn't anyone who hasn't lost some money whiles gambling, the number rule is that the House always wins, what you can do is minimize your losses and dont bet a lot of money, if you follow the higher the risk, the higher the reward thought in gambling, you are going to lose and lose very heavily.

[nethan1btc]

There isn't anyone who hasn't lost some money whiles gambling, the number rule is that the House always wins, what you can do is minimize your losses and dont bet a lot of money, if you follow the higher the risk, the higher the reward thought in gambling, you are going to lose and lose very heavily.

Good insights mate, we could not really have that assurance of not lossing our money because we already already loss money on our daily needs at everyday spending. How much more if that activities like of gambling at any betting games you're involved with anf even in businesses that was doing an investments of a certain projects, like online projects will possibly loss money in a long run. Agressiveness is the reason how people losses money on any investments, and despite of a will to gain money it results to failures. One important ways that I wanted to share and for me making sure to don't lose money at all is; you must save your money at your wallet online as bitcoin ;and wait for the exact time price will increase of market price value then you will gain good profit without lossing more money.