SocialBet.io :: Know how are we going to monetize a casino with TRUE ODDS

[socialbet]

The beta version of SocialBet is now open for players worldwide.

SocialBet, a transparent and fair gaming platform, is now launched to the world. Designed with special attention to players and their opinions, our top-notch gaming space is made to bring the social aspect back into gambling. That is why SocialBet is completely free, i.e. the house edge is 0%.

The bold decision to reject the house edge once and forever is speaking volumes about our commitment to greater player experience. We enter the market with a clear goal - to deliver an honest and free platform created by gaming enthusiasts for players.

We have an announcement today. We have completed implementing a cashier and already published. Now you may deposit and try to win some real coins.

So go ahead, enjoy the game and feel how it is when you play with true odds.

We are still in beta and like water and air, we need your feedback, criticism and suggestions.

Good luck at socialbet.io

[Bitinity]

0% house edge? So how will you make profit? I just checked your site for a while, my concern goes to this:

20. The User is fully responsible for paying all fees and taxes applied to their winnings according to the laws of the jurisdiction of User’s residence.

So players should pay income's fee to the local government? I dont quite understand about above term as it is the first time I read this term.

59. To withdraw funds, We require complete verification of Your account with all the docs needed

This other term will not make your site become popular in this bitcoin gambling industry, what is the point of accepting bitcoin only but you requires for KYC?
There are some big winners under the recent winners tab, 3-4btc win. Are they real winners?

[Pedro12528]

The beta version of SocialBet is now open for players worldwide.

SocialBet, a transparent and fair gaming platform, is now launched to the world. Designed with special attention to players and their opinions, our top-notch gaming space is made to bring the social aspect back into gambling. That is why SocialBet is completely free, i.e. the house edge is 0%.

The bold decision to reject the house edge once and forever is speaking volumes about our commitment to greater player experience. We enter the market with a clear goal - to deliver an honest and free platform created by gaming enthusiasts for players.

We will be following player experience with great care and attention because your feedback will shape SocialBet into an ultimate user-friendly and player-facing environment. On the early stage of the launch, the beta version will run bots to diversify the actions within the platform. On this occasion, we strongly encourage all players to unveil the full potential of socialbet.io, try out every feature and button and even find bugs. This outstanding interaction will help us, the developers, to improve the game and boost the entertainment to the maximum.

Check socialbet.io

0% house edge and KYC procedure are really strange, I would abstain from playing here until there are some reviews from old users

[socialbet]

0% house edge? So how will you make profit? I just checked your site for a while, my concern goes to this:

20. The User is fully responsible for paying all fees and taxes applied to their winnings according to the laws of the jurisdiction of User’s residence.

So players should pay income's fee to the local government? I dont quite understand about above term as it is the first time I read this term.

59. To withdraw funds, We require complete verification of Your account with all the docs needed

This other term will not make your site become popular in this bitcoin gambling industry, what is the point of accepting bitcoin only but you requires for KYC?
There are some big winners under the recent winners tab, 3-4btc win. Are they real winners?

Thank you for your feedback! I and my team are very excited to answer the first question in our thread ))

0% house edge? So how will you make profit? I just checked your site for a while, my concern goes to this:

We were waiting for the question. We are preparing an article, where we shall explain how we are going to monetize our project.
Don't think just about profit. Our mission is to eliminate the house edge. You may consider us, as the first anti-casino in the world. BTW, we hope to get some donates from the community. So, if you really bother about our monetization, go ahead and donate us a small sum

This is the first hours of our beta period. We want to hear the voice of the community as we want to build a fair gaming platform without any third wheel. You asked a really important question about KYC. I have already forwarded this feedback to our legal team. Actually, there is not any KYC now, as we are in the beta period. We shall review your feedback with our legal team and I think, there will be some changes.

There are some big winners under the recent winners tab, 3-4btc win. Are they real winners?

Nope. This is bots. We are still testing the platform. We will remove them, as the cashier will be added

Thank you for testing our game. We are hungry for such critics

[socialbet]

The beta version of SocialBet is now open for players worldwide.

SocialBet, a transparent and fair gaming platform, is now launched to the world. Designed with special attention to players and their opinions, our top-notch gaming space is made to bring the social aspect back into gambling. That is why SocialBet is completely free, i.e. the house edge is 0%.

The bold decision to reject the house edge once and forever is speaking volumes about our commitment to greater player experience. We enter the market with a clear goal - to deliver an honest and free platform created by gaming enthusiasts for players.

We will be following player experience with great care and attention because your feedback will shape SocialBet into an ultimate user-friendly and player-facing environment. On the early stage of the launch, the beta version will run bots to diversify the actions within the platform. On this occasion, we strongly encourage all players to unveil the full potential of socialbet.io, try out every feature and button and even find bugs. This outstanding interaction will help us, the developers, to improve the game and boost the entertainment to the maximum.

Check socialbet.io

0% house edge and KYC procedure are really strange, I would abstain from playing here until there are some reviews from old users

Do not be surprised. As the beta period ends, it will be possible to gamble without paying the house edge. We are a new platform, so I don't think you may find any old users.

[tippytoes]

The beta version of SocialBet is now open for players worldwide.

SocialBet, a transparent and fair gaming platform, is now launched to the world. Designed with special attention to players and their opinions, our top-notch gaming space is made to bring the social aspect back into gambling. That is why SocialBet is completely free, i.e. the house edge is 0%.

The bold decision to reject the house edge once and forever is speaking volumes about our commitment to greater player experience. We enter the market with a clear goal - to deliver an honest and free platform created by gaming enthusiasts for players.

We will be following player experience with great care and attention because your feedback will shape SocialBet into an ultimate user-friendly and player-facing environment. On the early stage of the launch, the beta version will run bots to diversify the actions within the platform. On this occasion, we strongly encourage all players to unveil the full potential of socialbet.io, try out every feature and button and even find bugs. This outstanding interaction will help us, the developers, to improve the game and boost the entertainment to the maximum.

Check socialbet.io

0% house edge and KYC procedure are really strange, I would abstain from playing here until there are some reviews from old users

Do not be surprised. As the beta period ends, it will be possible to gamble without paying the house edge. We are a new platform, so I don't think you may find any old users.

I think what he meant by his statement is, he will wait for the old timers here in the forum to check your site and have a feedback on their experience. They might give a good insight on what's going on. Of course, there will be no old users as you are just launching this site.

[Carollzinha]

Loved your site's layout, it gives an immediate good impression.

Maybe you should add some information on the site itself mentioning its a beta and has bots for testing purposes.
Especially at the home page so a new user quickly gets that information.

[Carollzinha]

I dont believe in the 0% house edge because all we know that game needs an income. But if it's true it's a great game that I want to try. And I think they only give a very small amount of information about the game. I think old gambler will not go to game like that because they think that it has a hidden information or charge against to gambler or player.

If you deposit and you can't profit from it. House "Casino" will still be able to income...
Maybe they will change it in the future and perhaps it's only for the early stages of their Project.

[Carrelmae10]

..just visited the site, and it's nice,,simple and easy to use,,but it is static,,maybe you need to improve more the site to make it more attractive to gamblers..and i think you need to improve more some of your site and indicate that you are still on a pilot stage to minimized bulk of questions..

[socialbet]

Loved your site's layout, it gives an immediate good impression.

Maybe you should add some information on the site itself mentioning its a beta and has bots for testing purposes.
Especially at the home page so a new user quickly gets that information.

Thank you. We tried hard to bring the right mood

[socialbet]

I dont believe in the 0% house edge because all we know that game needs an income.

Yes, we know it is hard to believe. But it is real We have spent months developing SocialBet. And we want to assure you, that the house edge is officially removed from our platform.

[socialbet]

I dont believe in the 0% house edge because all we know that game needs an income. But if it's true it's a great game that I want to try. And I think they only give a very small amount of information about the game. I think old gambler will not go to game like that because they think that it has a hidden information or charge against to gambler or player.

If you deposit and you can't profit from it. House "Casino" will still be able to income...
Maybe they will change it in the future and perhaps it's only for the early stages of their Project.

I think we shall make a lot of changes in SocialBet. But 1 thing will never change. House edge won't have a place in our platform. We hope, that community will donate us as we want to build a better world. Also, soon we shall publish an article with more details about our monetization.

[davis196]

0% house edge? So how will you make profit? I just checked your site for a while, my concern goes to this:

20. The User is fully responsible for paying all fees and taxes applied to their winnings according to the laws of the jurisdiction of User’s residence.

So players should pay income's fee to the local government? I dont quite understand about above term as it is the first time I read this term.

59. To withdraw funds, We require complete verification of Your account with all the docs needed

This other term will not make your site become popular in this bitcoin gambling industry, what is the point of accepting bitcoin only but you requires for KYC?
There are some big winners under the recent winners tab, 3-4btc win. Are they real winners?

Rule 20 is just common sense.I'm suprised that they put this in their Terms of service.Every player has to pay taxes for his winnings.Gambling profits are an income and they are taxated in every normal country.
I don't understand the thing about KYC.How they will keep and use the sensitive info from all users,if they don't generate enough revenue to pay for better security.

[Pedro12528]

I dont believe in the 0% house edge because all we know that game needs an income. But if it's true it's a great game that I want to try. And I think they only give a very small amount of information about the game. I think old gambler will not go to game like that because they think that it has a hidden information or charge against to gambler or player.

If you deposit and you can't profit from it. House "Casino" will still be able to income...
Maybe they will change it in the future and perhaps it's only for the early stages of their Project.

For sure, but maybe is the house edge is 0% - there may be doubts about games provably fair.

[dark08]

The beta version of SocialBet is now open for players worldwide.

SocialBet, a transparent and fair gaming platform, is now launched to the world. Designed with special attention to players and their opinions, our top-notch gaming space is made to bring the social aspect back into gambling. That is why SocialBet is completely free, i.e. the house edge is 0%.

The bold decision to reject the house edge once and forever is speaking volumes about our commitment to greater player experience. We enter the market with a clear goal - to deliver an honest and free platform created by gaming enthusiasts for players.

We will be following player experience with great care and attention because your feedback will shape SocialBet into an ultimate user-friendly and player-facing environment. On the early stage of the launch, the beta version will run bots to diversify the actions within the platform. On this occasion, we strongly encourage all players to unveil the full potential of socialbet.io, try out every feature and button and even find bugs. This outstanding interaction will help us, the developers, to improve the game and boost the entertainment to the maximum.

Check socialbet.io

Wow a 0% house edge its that true? this is the only gambling site that I heared to offer a 0% house edge, by the way it there any Ann thread to read about the goal of your project?

Your site has a clear layout I will register to this site to try some games.

[okala]

Socialbet should be ready because this feature of no house edge over betting on the platform will make socialbet if not the first gambling site with this decentralized feature, and that will attract attack from the other gambling and betting site's who will see this feature not appealing to their business.

[Haunebu]

I dont believe in the 0% house edge because all we know that game needs an income. But if it's true it's a great game that I want to try. And I think they only give a very small amount of information about the game. I think old gambler will not go to game like that because they think that it has a hidden information or charge against to gambler or player.

If you deposit and you can't profit from it. House "Casino" will still be able to income...
Maybe they will change it in the future and perhaps it's only for the early stages of their Project.

For sure, but maybe is the house edge is 0% - there may be doubts about games provably fair.

It is possible to check whether the games are provably fair or not on our own which is why I don't understand your doubts in this aspect.

The KYC process is a bummer and I hope that Socialbet will get rid of it since this whole 0% house edge concept sounds interesting and I will look forward to the development of this site.

[traderethereum]

How can people win that much bitcoin on that site? How much they use the money so they can be able to win that big amount of bitcoin?
It makes me a shock to see that amount. Is that so easy to win a big amount?

After all, the site was easy to load, and it doesn't take a long time to open a full page.

[socialbet]

The beta version of SocialBet is now open for players worldwide.

SocialBet, a transparent and fair gaming platform, is now launched to the world. Designed with special attention to players and their opinions, our top-notch gaming space is made to bring the social aspect back into gambling. That is why SocialBet is completely free, i.e. the house edge is 0%.

The bold decision to reject the house edge once and forever is speaking volumes about our commitment to greater player experience. We enter the market with a clear goal - to deliver an honest and free platform created by gaming enthusiasts for players.

We will be following player experience with great care and attention because your feedback will shape SocialBet into an ultimate user-friendly and player-facing environment. On the early stage of the launch, the beta version will run bots to diversify the actions within the platform. On this occasion, we strongly encourage all players to unveil the full potential of socialbet.io, try out every feature and button and even find bugs. This outstanding interaction will help us, the developers, to improve the game and boost the entertainment to the maximum.

Check socialbet.io

Wow a 0% house edge its that true? this is the only gambling site that I heared to offer a 0% house edge, by the way it there any Ann thread to read about the goal of your project?

Your site has a clear layout I will register to this site to try some games.

https://i.imgur.com/c7VAAff.jpg

Thank's for your feedback! We proud ourselves to be the first 0% house edge platform.

Wow a 0% house edge its that true? this is the only gambling site that I heared to offer a 0% house edge, by the way it there any Ann thread to read about the goal of your project?

Yes, we know about problems with the mobile version. Our next step is to make our site mobile friendly. We are a team of enthusiasts and need your feedbacks and if you like our mission, please donates us and we promise to build the best & fair gambling platform in the world.

P.S. Find more about us and our mission at socialbet.io/about-us

[jazmuzika217]

How can people win that much bitcoin on that site? How much they use the money so they can be able to win that big amount of bitcoin?
It makes me a shock to see that amount. Is that so easy to win a big amount?

After all, the site was easy to load, and it doesn't take a long time to open a full page.

Look suspicious that's a huge amount to win but it look like a testnet for the site? I will review this gambling site by the way is there any free coins to test your site? You have a 0% house edge compare to other gambling site I hope it that true.