How much bankroll do I need to start a dice site?

[Coin Dropper]

How much BTC do I need as a bankroll to start a dice site? (Excluding development)

[1715514347]

1715514347

[1715514347]

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[devans]

Assuming you don't want to risk more than is mathematically optimal, you can calculate the required bankroll for a dice game depending on the most you would like to allow players to win in a single bet and your game's house edge. For example, to offer a maximum profit per bet of 0.5 BTC with a house edge of 1%, a bankroll of 0.5 BTC / 1% = 50 BTC is necessary.

[St4yInTh3D4rk]

Assuming you don't want to risk more than is mathematically optimal, you can calculate the required bankroll for a dice game depending on the most you would like to allow players to win in a single bet and your game's house edge. For example, to offer a maximum profit per bet of 0.5 BTC with a house edge of 1%, a bankroll of 0.5 BTC / 1% = 50 BTC is necessary.

I think this answer is enough for OP because he is the owner of the two reputed dice site now.

Anyway having more reward in the single bet will attract players towards it so you can calculate as per the formula above mentioned by devans.

[SyGambler]

How much BTC do I need as a bankroll to start a dice site? (Excluding development)

there is no perfect answer the more you have compared to the max win the safer you will be , but as devans stated 1% max win should be fine
it doesn't necessarily means that you should offer 0.5 BTC max profit , some sites offer lower than that like 0.1 or even lower

and you can of course run an investor based site when you basically take no risk at all but you will profit way less

[shield132]

How much BTC do I need as a bankroll to start a dice site? (Excluding development)

Not only to start dice website but you have to have team of developers which will always try to fix bugs, develop game, improve some things and of course take care of DDOS attacks, this last one become very popular these says.
It's hard to determine money because it also depends on how much will be max winning. Also how will you negotiate with your team members. Some prefer fixed wage, others prefer share.

[nydiacaskey01]

How much BTC do I need as a bankroll to start a dice site? (Excluding development)

Aside from the advise from the guy who own 2 dice sites and posted right below you. But also take into consideration site security. I have seen sites that is doing well but targeted hackers or DDOS attackers that slows down the site, this turns off visitors making them look for other sites to play with.

[Symphonized]

Well it also depends on the community you're going to have immediatly after being online.
If you get some hackers right away, you might be scared off since they will probabily something bad and your business can drop bottom.
Try first focusing into security and then focus into that.
My suggestion is: the max you can afford to lose for your starting company. Since the money you're investing it might already be lost at the start or by luck someone busts big and you win more.

[BillCoin]

It's all depends what is the max bet your are going to offer, you need to have atleast 20 times more bankroll then the highest amount of money that someone could receive from one roll.
For an example, if maximum bet is 0.1btc on 10% roll, then you should have something around 18-20 bitcoins in your bankroll so in case of someone that bet max and win you won't have a very decent loss, and also you will be able to cover a large amount of max-bets in a case of bad luck.

Always make a spread so you won't feel that you are dangerously close to losing your whole funds.

[rollburst.com]

Now the competition is really high for BTC dice sites.  There are many biggies with 1000 BTCs of bankroll.  Why don't you focus on a dice site with other coins?

[Shinpako09]

This has been discuss many times but to tell you, consider all things you need, 100btc isn't enough to make a dice site plus it's hard to compete with those established gambling sites. You can have a high chance of surviving in this industry if your bankroll is good but if yours is just right, don't expect too much.

[tabas]

How much BTC do I need as a bankroll to start a dice site? (Excluding development)

You can check bitvest as an example and see how much it's bankroll. Currently it has an average bankroll of 1,387 BTC.

[supermine]

How much BTC do I need as a bankroll to start a dice site? (Excluding development)

You can check bitvest as an example and see how much it's bankroll. Currently it has an average bankroll of 1,387 BTC.

For most of the people who want to start gambling site will afraid to invest high capital like these and also I don't think he will compete with the site like bitvest which is one of the more reputed site.Anyway I think he looks for the minimum amount to stat the dice site as per the above replies it depends on the maximum rewards on that site.

[jhongzjhong]

This has been discuss many times but to tell you, consider all things you need, 100btc isn't enough to make a dice site plus it's hard to compete with those established gambling sites. You can have a high chance of surviving in this industry if your bankroll is good but if yours is just right, don't expect too much.

Yeah, also saw this topic asking and make gambling site. As what have devans said the owner of two gambling site 50 bitcoin you can start your own bankroll and have a gambling site. But in my own that it is a good bankroll if you have 100 bitcoin to use and remember not only bitcoin currency you may use in gambling then, you must try other altcoins too, more altcoins in choosing option deposit much better.

[darkangel11]

You can set up a gambling site with low bankroll and limit the max bet people can make. Most people bet low, usually below 0.001 BTC, and it's not low bets that can screw you but a whale coming and crashing the party betting a couple BTC with high odds.
IMO the bankroll would end up being a small problem compared to gaining popularity in this saturated market. Gamblers rarely switch to another site and newcomers are greeted with an overwhelming amount of reviews and banners of established businesses.

[minime0105]

Now the competition is really high for BTC dice sites.  There are many biggies with 1000 BTCs of bankroll.  Why don't you focus on a dice site with other coins?

I totally agree. Perhaps it would be better to look at other coins such as ETH, as its the second coin after BTC, and to get the numbers right you first need to consider how much your house edge should be as per the formula mentioned previously.

[supermine]

Now the competition is really high for BTC dice sites.  There are many biggies with 1000 BTCs of bankroll.  Why don't you focus on a dice site with other coins?

I totally agree. Perhaps it would be better to look at other coins such as ETH, as its the second coin after BTC, and to get the numbers right you first need to consider how much your house edge should be as per the formula mentioned previously.

I don't think it is a  good strategy to start a site without bitcoin,which was the most acceptable and used crypto of all time.En he can avoid other coin from his list but never the bitcoin so he need to invest the amount based on the rewards he is going to issue.Bitcoin gambling sites are the best when comparing any even if the time to process the transaction is bit slower because anyone who is doing gambling for money so when he want to cashout he need to convert it into bitcoin first when he gets the rewards on altcoins.

[mostkey]

This has been discuss many times but to tell you, consider all things you need, 100btc isn't enough to make a dice site plus it's hard to compete with those established gambling sites. You can have a high chance of surviving in this industry if your bankroll is good but if yours is just right, don't expect too much.

Yes of course that is not a good way where today more and more established and professional sites in gambling, trusted and famous are not easy, try to prepare more mature again to perfect your desired intention, money issue I think you are great at managing it.

[squatz1]

How much BTC do I need as a bankroll to start a dice site? (Excluding development)

there is no perfect answer the more you have compared to the max win the safer you will be , but as devans stated 1% max win should be fine
it doesn't necessarily means that you should offer 0.5 BTC max profit , some sites offer lower than that like 0.1 or even lower

and you can of course run an investor based site when you basically take no risk at all but you will profit way less

Then again, for sites that do this, they have a LARGE issue attracting the best sorts of investors -- which are the whales that bet massive amounts of money. I would think a max min of 1 percent is fine, though if your bankroll is below 100 bitcoin I couldn't see you being able to attract too many whales. I don't think anyone wants to be betting for under 1 bitcoin if you're betting large amounts.

Bankroll is only one part of the site though, you're probably going to need a large amount of capital to have the site developed, company setup fees in an offshore island (depending on where you live, though you're probably going to need this), hosting fees and so on and so forth. You're probably looking at spending around 20k in original setup fees and such.

Not something which is going to be easy to do, plus you're going to have to be different then the REST of the competition - which there is many -- I do hope that whatever you decide to do works out. Goodluck!

[tabas]

How much BTC do I need as a bankroll to start a dice site? (Excluding development)

You can check bitvest as an example and see how much it's bankroll. Currently it has an average bankroll of 1,387 BTC.

For most of the people who want to start gambling site will afraid to invest high capital like these and also I don't think he will compete with the site like bitvest which is one of the more reputed site.Anyway I think he looks for the minimum amount to stat the dice site as per the above replies it depends on the maximum rewards on that site.

Waiting for his response on what he can say with the suggestion of most on the thread he created. If he don't want to start gambling site without that much bankroll, he's running a business that isn't solid for long run.

[Devawnm367]

It depends on what the max bet allowed is Starting out a bitcoin dice site I would advise to have 50 to 100 Btc before even attempting, If you have any jackpots or anything like that on your site I would advise having atlease 3 to 500 times your largest prize!