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

[Diamond Member]

If you go to an IRL casino with a Poker room/table, the casino will take some amount per hand, even though the players are all playing against each other, and the casino is not risking their own money.

I applaud the PvP model, and think this kind of betting is more fun than playing vs the house.

I do believe it is appropriate to charge users some fee for using your casino, but this may be much less than what "traditions" bitcoin casinos charge. If you have enough volume, a .1% of 0.01% "edge" might result in you turning a profit.

There is a reason many in this thread have pointed out that relying on donations to fund your business is not realistic. Because this is not a viable business model. The "zero edge" will also make players suspicious.

Good Luck!

[AnthonyPap]

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

Was thinking the same. 0% house edge? What's your profit channel then?

[socialbet]

Who is the operator?

Sorry, but what do you mean "operator"?

[Xenrise]

Isn't it 0% house edge is a marketing strategy for casino for them to profit? How can that make for gamblers profitable? But the site is good. I think that it is professionally made.

[Bitinity]

Isn't it 0% house edge is a marketing strategy for casino for them to profit? How can that make for gamblers profitable? But the site is good. I think that it is professionally made.

Marketing strategy to make profit? I think you have no ideas about this game. This site is offering pvp based game where players play against other players. If they have 0% house edge or they do not charge any fees on every game, how could they make profit?

[felicita]

iam also interested how you payi9ng server and domain costs ?
With a 0 % house edge you must take free hosting and free domain or pay from your poket ?


regards

[socialbet]

Isn't it 0% house edge is a marketing strategy for casino for them to profit? How can that make for gamblers profitable? But the site is good. I think that it is professionally made.

Marketing strategy to make profit? I think you have no ideas about this game. This site is offering pvp based game where players play against other players. If they have 0% house edge or they do not charge any fees on every game, how could they make profit?

We have ideas, how to monetize SocialBet. But now we are in Beta and right now we are not thinking about monetization, instead, we are doing updates and creating a better gaming environment.

[socialbet]

iam also interested how you payi9ng server and domain costs ?
With a 0 % house edge you must take free hosting and free domain or pay from your poket ?


regards

We are a startup and any expense is payed from our pocket.

[dark08]

Isn't it 0% house edge is a marketing strategy for casino for them to profit? How can that make for gamblers profitable? But the site is good. I think that it is professionally made.

Marketing strategy to make profit? I think you have no ideas about this game. This site is offering pvp based game where players play against other players. If they have 0% house edge or they do not charge any fees on every game, how could they make profit?

We have ideas, how to monetize SocialBet. But now we are in Beta and right now we are not thinking about monetization, instead, we are doing updates and creating a better gaming environment.

What a meaningful words so we expect to make this game cool to attract more player hoping for your success but please dont dissapoint us and bring a good games for all of us.

iam also interested how you payi9ng server and domain costs ?
With a 0 % house edge you must take free hosting and free domain or pay from your poket ?


regards

We are a startup and any expense is payed from our pocket.

Good luck team socialbet I know you can do it.

[felicita]

iam also interested how you payi9ng server and domain costs ?
With a 0 % house edge you must take free hosting and free domain or pay from your poket ?


regards

We are a startup and any expense is payed from our pocket.

ok sounds interesting . I just joined and had 1 btc on my balance with explains the high bets on your side.
I dont get it is it like cloud gambling XD


regards

[rammy2k2]

First of all, i would like to say, as a experienced gambler, that is IMPOSSIBLE to have
0% house edge. That means you are not making any profits, and we all know, that cant be
true.
Ill sign up and check your site, and come back with a small review.

[socialbet]

First of all, i would like to say, as a experienced gambler, that is IMPOSSIBLE to have
0% house edge. That means you are not making any profits, and we all know, that cant be
true.
Ill sign up and check your site, and come back with a small review.

Don't think about our profit too much XD. We will wait for your review

[BTCevo]

First of all, i would like to say, as a experienced gambler, that is IMPOSSIBLE to have
0% house edge. That means you are not making any profits, and we all know, that cant be
true.
Ill sign up and check your site, and come back with a small review.

It is possible of 0% house edge if there is some event but still it is on a very rare occassion. And btw I never experience that 0% house edge site will hold long enough, either it is a scam site or just they want to try some luck on their marketing and later they will increase it back. Even 0.7% house edge site do not hold that long enough although their site is getting some profit. So dont bother to check the site if I were you

[panjul07]

First of all, i would like to say, as a experienced gambler, that is IMPOSSIBLE to have
0% house edge. That means you are not making any profits, and we all know, that cant be
true.
Ill sign up and check your site, and come back with a small review.

Don't think about our profit too much XD. We will wait for your review

This is the first time I heard that a gambling site's owner do not think about profit. To be honest it makes me think something suspicious, I dont mean to say that you are going to cheat players but it just does not make senses at all to run a gambling site with no house edge. It is even unrealistic for a game vs the house, I do not really understand what is your main purpose of offering a non house edge game?

[socialbet]

First of all, i would like to say, as a experienced gambler, that is IMPOSSIBLE to have
0% house edge. That means you are not making any profits, and we all know, that cant be
true.
Ill sign up and check your site, and come back with a small review.

Don't think about our profit too much XD. We will wait for your review

This is the first time I heard that a gambling site's owner do not think about profit. To be honest it makes me think something suspicious, I dont mean to say that you are going to cheat players but it just does not make senses at all to run a gambling site with no house edge. It is even unrealistic for a game vs the house, I do not really understand what is your main purpose of offering a non house edge game?

We are not a house. We are a platform. Please check our site socialbet.io

[coinplus]

So, now that I registered and playing I think I can answer all the questions about "zero house edge". I am in no way of expert and I am still trying to figure out how it works but this is not the type of game we ever played in anywhere else. The game idea is quite different from anything I have ever seen. There is constant "lottery" going on lets say.

So, all in all you buy tickets and than someone wins, if that means what I think it means after all the tickets are sold and the roll happened someone wins and others loses and the casino basically makes money from that difference of what has been spent on buying the tickets and what the winner got, so if everyone combine buys tickets worth of 1 bitcoin and the winner gets 0.98 bitcoin that means house made 0.02 profit from that lottery.

I am not nearly sure if that is how it works but it looks like that so far.

[Caladonian]

First of all, i would like to say, as a experienced gambler, that is IMPOSSIBLE to have
0% house edge. That means you are not making any profits, and we all know, that cant be
true.
Ill sign up and check your site, and come back with a small review.

Don't think about our profit too much XD. We will wait for your review

This is the first time I heard that a gambling site's owner do not think about profit. To be honest it makes me think something suspicious, I dont mean to say that you are going to cheat players but it just does not make senses at all to run a gambling site with no house edge. It is even unrealistic for a game vs the house, I do not really understand what is your main purpose of offering a non house edge game?

We are not a house. We are a platform. Please check our site socialbet.io

Not sure about that, so you are just hosting the game as you said you are not the house, and regarding to 0% house edge meaning to say
that gamblers an freely use this site without any cuts coming from the house, it's really exciting to know how would you manage to keep
this site to last while you are not taking any profits from the gamblers who will use it.

Will wait for more updates and learned how monetization will help you up to continue your business.

[awawo]

Nice site and I hope you guys will not just remain at only gambling where users will only plat probably fair game and to be able to do sport betting also. And again the acceptance of bitcoin and other cryptocurrencies in the blockchain industry for user to be able to deposit and withdrew at any time and in any crypto currency.

[Supercrypt]

So, now that I registered and playing I think I can answer all the questions about "zero house edge". I am in no way of expert and I am still trying to figure out how it works but this is not the type of game we ever played in anywhere else. The game idea is quite different from anything I have ever seen. There is constant "lottery" going on lets say.

So, all in all you buy tickets and than someone wins, if that means what I think it means after all the tickets are sold and the roll happened someone wins and others loses and the casino basically makes money from that difference of what has been spent on buying the tickets and what the winner got, so if everyone combine buys tickets worth of 1 bitcoin and the winner gets 0.98 bitcoin that means house made 0.02 profit from that lottery.

I am not nearly sure if that is how it works but it looks like that so far.

They could mean "zero house edge" but take rake with it, which means there is no "luck based" game like dice or roulette or anything but more skill based like poker. In poker you can pay a lot of rake, like insanely over the sector avarage and still come out on top because the other players you play against could be horrible gamblers, of course the competitive side of it makes it possible for paying less rake but the idea stands.

So PvP is really looking like it is going to the house edgeless gambling because it technically can't and you can gamble as much as you want without really having to worry about house scamming you over about something, they are already making money no matter what so thats why I prefer PVP games the most.

[shield132]

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.

I have never seen anyone in this world donating casino. It sounds very strange too, when I gamble, more likely I'll lose or if I win, I'll withdraw it, is donation new thing? Donation is when someone loses. If you don't think your casino will profit with 0% house edge system, then what is your hope for running of it? When you ask donation it sounds like we just donate and others win/withdraw our donation, we donate for them.