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

[socialbet]

I visited the site, Why do I see the winners are all bot in the leaderboard section? Are the prices real?, I see there is free 1 btc to play? COOL! The sites are played by bots?

Thank you for testing our site.
Yes, we use bots in beta. They are helping us to test the site. We value the platform performance and still doing updates every day

[salsa321]

Good luck to you nice UI i like it

[socialbet]

Good luck to you nice UI i like it

Thank you
I will pass your words to our Director Art. He will be glad to hear this))

[dunfida]

Thank you for your question about KYC. I have got an answer from the legal team.

KYC is a legal necessity in case of gambling, although in cases of transactions with a small amount it may be escaped.
Anyway, in some cases (e.g. small amount of transaction), KYC may be required by SocialBet.
We are going to be fully in compliance with the laws which is the best guarantee of the sound and safe operation of our platform.
By the way, Primedice.com also has KYC procedure for its users.
https://ibb.co/mCht0th

Your feedback did help We are currently updating our terms of use. Moreover, we are going to make KYC as simple as possible.

You are missing the point completely. Making the KYC process simple does not matter since doing away with it is the only way that majority of the gamblers including me would show any sort of interest in your website.

Get rid of the KYC requirement asap if you want your website to attract more attention.

Hello. I am the founder of SocialBet. This KYC did a noise in the last days
I want to understand the problem. I see that people ask to remove KYC and says that they won't play in bitcoin casino that has KYC, but at the same time, they use signatures of casinos that have KYC. For example, I may see in your signature STAKE.com. Check their terms and you'll find the same KYC in the 6th point.
https://stake.com/terms-of-service

The KYC is not so scary thing We do not want to use it against the community. We won't force our players to verify their identity. This point is just to keep us legal and to avoid problems in future.
We want to make our platform the best one. Your feedback is very important as we build our platform for you!
If you know a good standing casino, that does not have a KYC option in their legal docs, please send a link. We will investigate.

On stakes terms

6. KNOW YOUR CUSTOMER (“KYC”)
Stake reserves the right, at any time, to ask for any KYC documentation it deems necessary to determine the identity and location of a User. Stake reserves the right to restrict service and payment until identity is sufficiently determined.

Most people arent aware on this thing and i agree to your point on here that KYC thing can happen or be asked on such situations.

I visited the site, Why do I see the winners are all bot in the leaderboard section? Are the prices real?, I see there is free 1 btc to play? COOL! The sites are played by bots?

They are still on test phase.

[socialbet]

Thank you for your question about KYC. I have got an answer from the legal team.

KYC is a legal necessity in case of gambling, although in cases of transactions with a small amount it may be escaped.
Anyway, in some cases (e.g. small amount of transaction), KYC may be required by SocialBet.
We are going to be fully in compliance with the laws which is the best guarantee of the sound and safe operation of our platform.
By the way, Primedice.com also has KYC procedure for its users.
https://ibb.co/mCht0th

Your feedback did help We are currently updating our terms of use. Moreover, we are going to make KYC as simple as possible.

You are missing the point completely. Making the KYC process simple does not matter since doing away with it is the only way that majority of the gamblers including me would show any sort of interest in your website.

Get rid of the KYC requirement asap if you want your website to attract more attention.

Hello. I am the founder of SocialBet. This KYC did a noise in the last days
I want to understand the problem. I see that people ask to remove KYC and says that they won't play in bitcoin casino that has KYC, but at the same time, they use signatures of casinos that have KYC. For example, I may see in your signature STAKE.com. Check their terms and you'll find the same KYC in the 6th point.
https://stake.com/terms-of-service

The KYC is not so scary thing We do not want to use it against the community. We won't force our players to verify their identity. This point is just to keep us legal and to avoid problems in future.
We want to make our platform the best one. Your feedback is very important as we build our platform for you!
If you know a good standing casino, that does not have a KYC option in their legal docs, please send a link. We will investigate.

On stakes terms

6. KNOW YOUR CUSTOMER (“KYC”)
Stake reserves the right, at any time, to ask for any KYC documentation it deems necessary to determine the identity and location of a User. Stake reserves the right to restrict service and payment until identity is sufficiently determined.

Most people arent aware on this thing and i agree to your point on here that KYC thing can happen or be asked on such situations.

I visited the site, Why do I see the winners are all bot in the leaderboard section? Are the prices real?, I see there is free 1 btc to play? COOL! The sites are played by bots?

They are still on test phase.

Thank's for feedback

[Supercrypt]

The difference is when stake says the KYC could be required it is literally only on cases that look suspicious or different, for example a person who used VPN to gamble from out of their country and than logged in 10 minutes later from their country and if the amount is big than and only than stake COULD ask for information and even than they usually don't.

I have bet on primedice for years now (probably close to what 5 years now?) and ever since stake started and never had any request to provide ID at all. If you are going to do it the same way than its fine but if you are going to ask KYC for every single winner all the time and make it harder for winners to withdraw their money than know that you will have very very few gamblers on your website and will eventually cease to exist.

[peonminer]

I visited the site, Why do I see the winners are all bot in the leaderboard section? Are the prices real?, I see there is free 1 btc to play? COOL! The sites are played by bots?

Is this all in beta test mode? Something just doesn't add up. It seems too fishy. I have seen other sites like this that offer amazing player v player betting like this and they were not an honest operation. If you require KYC, where is your casino registration, company registration, etc. ? https://socialbet.io/about-us

[slaman29]

OP thanks for responding to the question about KYC. However, I don't think it's a reasonable justification. You say that you want to do this legally, so KYC is for legal reasons, but you're not on a license, and you're not in a gambling jurisdiction that requires KYC. If you are, where are they?

Also, you said research and feedback from people is that KYC is important and makes a successful casino. You must have researched the wrong people and wrong casinos. Us Bitcoin gamblers don't like KYC. And the great Bitcoin sites who have been around for 5 years don't do KYC.

[socialbet]

The difference is when stake says the KYC could be required it is literally only on cases that look suspicious or different, for example a person who used VPN to gamble from out of their country and than logged in 10 minutes later from their country and if the amount is big than and only than stake COULD ask for information and even than they usually don't.

I have bet on primedice for years now (probably close to what 5 years now?) and ever since stake started and never had any request to provide ID at all. If you are going to do it the same way than its fine but if you are going to ask KYC for every single winner all the time and make it harder for winners to withdraw their money than know that you will have very very few gamblers on your website and will eventually cease to exist.

We are not going annoy our users and will use the KYC only in suspicious cases.

[jazmuzika217]

The difference is when stake says the KYC could be required it is literally only on cases that look suspicious or different, for example a person who used VPN to gamble from out of their country and than logged in 10 minutes later from their country and if the amount is big than and only than stake COULD ask for information and even than they usually don't.

I have bet on primedice for years now (probably close to what 5 years now?) and ever since stake started and never had any request to provide ID at all. If you are going to do it the same way than its fine but if you are going to ask KYC for every single winner all the time and make it harder for winners to withdraw their money than know that you will have very very few gamblers on your website and will eventually cease to exist.

We are not going annoy our users and will use the KYC only in suspicious cases.

Thank you for the response OP since this is clarified now I will register to your site to try some games is there any free coins in your site? I see something that got a lot of win is this a real player ?
By the way I will be back to write a feedback to your site.

[socialbet]

The difference is when stake says the KYC could be required it is literally only on cases that look suspicious or different, for example a person who used VPN to gamble from out of their country and than logged in 10 minutes later from their country and if the amount is big than and only than stake COULD ask for information and even than they usually don't.

I have bet on primedice for years now (probably close to what 5 years now?) and ever since stake started and never had any request to provide ID at all. If you are going to do it the same way than its fine but if you are going to ask KYC for every single winner all the time and make it harder for winners to withdraw their money than know that you will have very very few gamblers on your website and will eventually cease to exist.

We are not going annoy our users and will use the KYC only in suspicious cases.

Thank you for the response OP since this is clarified now I will register to your site to try some games is there any free coins in your site? I see something that got a lot of win is this a real player ?
By the way I will be back to write a feedback to your site.

We are in the beta testing stage. No real money yet

[upsidedown75]

Well, if you say you will not annoy your users with KYC than I do not think it will be a problem. I mean KYC is required for stuff like identification and authorization so you would know the person really owns that account and not faking it.

Think of it like the basic security is having a password that is not 1234 and than having a bit further security is having 2FA on google auth and having further security is phone sms each time you log in but if you have the top most one its KYC for weird movements in an account, if a person has KYC all ready and prove that they own the account its fine if he did used VPN for example and looked like logging from all kinds of different countries but if a person gambles normally without anything weird and you ask it than it becomes annoying. As long as you do not annoy them, nobody will care about it I can assure you that.

[panjul07]

We are in the beta testing stage. No real money yet

So how long the beta test is going to run? I tried some bets already with the fake balance (1BTC)
Since it is a beta testing stage, why you dont offer something like beta testers and give rewards to those who are participating? Lets say you run a small competition with the fake balance/play money during the beta testing stage and who will have the highest balance will win small amount of real money. Surely you may ask some feedback or bug report if any. Just a suggestion.

[socialbet]

We are in the beta testing stage. No real money yet

So how long the beta test is going to run? I tried some bets already with the fake balance (1BTC)
Since it is a beta testing stage, why you dont offer something like beta testers and give rewards to those who are participating? Let's say you run a small competition with the fake balance/play money during the beta testing stage and who will have the highest balance will win small amount of real money. Surely you may ask some feedback or bug report if any. Just a suggestion.

We did but we may ask again
Please test us, as your feedback will shape SocialBet into an ultimate user-friendly and player-facing environment.

[kaya11]

So how would the site get income when it has 0 house edge? I think there should be some, they just want attention and when the time comes  they would collect uncertain amounts of BTC.
It's simple strategy, eye catching slogans like "SALE" or "Zero Interest" attracts people to buy it but in fact it will only deceived them when they have bought the product. And all services that are for sale are probably like this.

[dark08]

We are in the beta testing stage. No real money yet

So how long the beta test is going to run? I tried some bets already with the fake balance (1BTC)
Since it is a beta testing stage, why you dont offer something like beta testers and give rewards to those who are participating? Lets say you run a small competition with the fake balance/play money during the beta testing stage and who will have the highest balance will win small amount of real money. Surely you may ask some feedback or bug report if any. Just a suggestion.

Good suggestion just be realistic find someone who can make a test for your beta site and give them a reward I more people in this site can do this job.
By the way I will write a review on my experienced in your site its pretty nice design but sometimes I feel laggy in the homepage just tobe honest its need some improvement but I like the games.

[socialbet]

So how would the site get income when it has 0 house edge? I think there should be some, they just want attention and when the time comes  they would collect uncertain amounts of BTC.
It's simple strategy, eye catching slogans like "SALE" or "Zero Interest" attracts people to buy it but in fact it will only deceived them when they have bought the product. And all services that are for sale are probably like this.

Our mission is to remove the house edge from the gambling. This is not a promotion or other marketing stuff. We are a platform where gamblers meet gamblers. This is the point. I mentioned before, that we are developing an article about this theme. Stay with us and shortly we shall publish it

Please test us! Your feedback is very important for us

[examplens]

So how would the site get income when it has 0 house edge? I think there should be some, they just want attention and when the time comes  they would collect uncertain amounts of BTC.
It's simple strategy, eye catching slogans like "SALE" or "Zero Interest" attracts people to buy it but in fact it will only deceived them when they have bought the product. And all services that are for sale are probably like this.

Our mission is to remove the house edge from the gambling. This is not a promotion or other marketing stuff. We are a platform where gamblers meet gamblers. This is the point. I mentioned before, that we are developing an article about this theme. Stay with us and shortly we shall publish it

Please test us! Your feedback is very important for us

You need money to keep your platform live. But with 0% house edge, I think it will go very hard. You may not need additional funding at this time, but I hope you plan to work on long runs then you will need a stable income. The donation is okay, but only as a bonus.
Also, KYC and gambling just do not go together. You will lose the battle with the competition, people like anonymous gambling. Maybe you can ask KYC for the biggest win and withdrawals or it's better to use external KYC service.

[game-protect]

Who is the operator?

[StarofBTC]

Maybe there will be plenty of pvp games where they make rake that is why they say zero house edge ? I mean after all poker games technically have zero house edge since house is not involved at all, or flip the coin or rock paper scissors all those games have zero house edge since its gambler versus gambler.

Are we sure they mean zero house edge in that way or not ? I mean you can't have a dice game and make the house edge zero because we ALL know it will collapse eventually no matter how much they try, they can do whatever they want and work in anyway they please but with zero house edge a dice game can't be sustained for the casino. So, we gotta ask ourselves what will be the zero house edge game they talk about, there are ones that can work with zero and if that's it than there is no problem.