[GUIDE] 10 complete steps for new casino into this forum

[smartaction]

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Your information is helpful. Money is very important for starting any kind of business and money must be spent. Be it gambling business or anything else. In addition, every business must have a valid license. This is the key to business.

However, if the business is gambling related then these are a must have because gamblers have invested a lot of money so they are essential for the safety of their money.

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[Woodie]

Get a gambling license.
Many people doesn't like to submit KYC, but they're prefer a casino having license even KYC is mandatory rather than a casino doesn't have license but offer no KYC.

Number 8 caught my eye, and I agree with you that we don't like mandatory KYC especially when it comes to the use of cryptocurrencies which was a product marketed under anonymity but in the case of licensing doesn't this require the casino or sports book carries out anti money laundering (AML) checks which means KYC on its customers??

[TimeTeller]

Get a gambling license.
Many people doesn't like to submit KYC, but they're prefer a casino having license even KYC is mandatory rather than a casino doesn't have license but offer no KYC.

Number 8 caught my eye, and I agree with you that we don't like mandatory KYC especially when it comes to the use of cryptocurrencies which was a product marketed under anonymity but in the case of licensing doesn't this require the casino or sports book carries out anti money laundering (AML) checks which means KYC on its customers??

Most casinos with gambling license are only requiring KYC from its players if they exceed certain deposit limit like $2k.
It depends on the casino's requirements here. But what I encountered here is that if you are just a small time bettor, you won't submit KYC.
Unless, they are seeing some unusual activity on your account. Or you got your big winnings exceeding their limits.
But to make sure you will not lose your funds, be prepared for your KYC if it is stated on their terms.

[Bobrox]

I'm pretty sure most bitcoin casinos in such case would default and shut down just to remake the site under a new name.
Think about it. You make a new site, start advertising and you get first few clients out of which somebody wins big like 50k in bitcoin and you have no reviews, no reputation to protect, no vip clients or anything. There's not much to lose. You shut down and remake the site. It's going to be much cheaper than 50k.

Have several ideas how to get many client with casino gambling without pay much money for advertising, first make as give away before casino is opening by giving offer with deposit bonus, beside advertising is best promoting how to get many member and looks depending and keep profitable with clients getting than pay for advertiser. But right now have many smartest gambler and he know how to check reputation some gambling platform before active for gambling. They will not really trusted with new site actually as easy and domain ID is most important with gambling platform reputation.

[ipanks]

snip

I guess KYC will be okay for crypto gamblers as long as they can win a lot of money. But most crypto gamblers are small gamblers who rarely get big wins in one game or several times playing gambling. And luckily, gambling sites understand that very well and they don't ask their users to complete KYC because they haven't reached the limit they have set. It's also a benefit for those of us who can play anonymously without going through the KYC process because we only gamble in small amounts and our winnings may not be more than $1,000.

[peter0425]

Get a gambling license.
Many people doesn't like to submit KYC, but they're prefer a casino having license even KYC is mandatory rather than a casino doesn't have license but offer no KYC.

Number 8 caught my eye, and I agree with you that we don't like mandatory KYC especially when it comes to the use of cryptocurrencies which was a product marketed under anonymity but in the case of licensing doesn't this require the casino or sports book carries out anti money laundering (AML) checks which means KYC on its customers??

I guess KYC will be okay for crypto gamblers as long as they can win a lot of money. But most crypto gamblers are small gamblers who rarely get big wins in one game or several times playing gambling. And luckily, gambling sites understand that very well and they don't ask their users to complete KYC because they haven't reached the limit they have set. It's also a benefit for those of us who can play anonymously without going through the KYC process because we only gamble in small amounts and our winnings may not be more than $1,000.

Wrong , most of the Crypto gamblers hates to comply In KYC requirements that is why Most of the KYC gambling site is not fully supported by crypto gamblers (at least inside this forum ) because we wanted to maintain our privacy and of course security .
Yeah there are big companies here that has many players even they have KYC setting but most of them started operating without KC they have just comply to the obligation depend in which country they are operating so now they upgrade to KYC.

[ipanks]

snip

Yes, most crypto gamblers hate to comply with KYC requirements, but if they win big, they inevitably have to complete the KYC requirements, right?

Maintaining privacy is fine, but it also depends on how much money you use to gamble. And most of us forget about this and instead use more money and lose. If they win and the casino demands them to complete KYC, many of them don't want to do it, even though in the TOS, it is written that you are limited by X amount to deposit or withdraw. More than the amount, you need to do KYC. Otherwise, your account will be frozen temporarily.

Sooner or later, when the government wants to interfere deeper in the crypto world, the casino and other businesses will apply KYC with medium or strict rules for people who use big funds. Are you ready, especially if you use big money to gamble?

[wxa7115]

Note: This thread intended for new casinos, that's why it's posted on Gambling board.
1. You need to have a lot money to start.
4. Various advertisements.

All tips make sense and very good to have at least for all new casinos that will promote in this forum.
And in my personal opinion, these two points are exactly essential.
I mean, let's see most new casinos that are commonly successful at least in this forum are those that :
- Have no scam acusition
- Have Signature campaign with BTC payment (this relates to the promotion)
We know that sometimes, new casinos try to make certain promotions using their own altcoin to pay the particiants. I know that sometimes, they may be successful, as some previous casinos here. But, mostly, they will not be as good as those that have BTC payment signature campaign directly, moroever managed by the popular Bounty Manager.
That is why, the casino should have much money to do these campaigns. 

Compared to other services they need to pay a signature campaign is not a big deal for most casinos, after all when we consider the amount of money they need to pay for a fast host, their gambling games, programmers and customer service a signature campaign seems like the cheapest of all the costs that the owner of the casino can incur.

However even if advertising in other platforms has gained a lot of relevance during the last years, it is clear that casinos give a lot of weight to the reputation and the marketing they have in this forum, as having a negative reputation here can be the deciding factor between achieving the success they want or not.

[btc78]

Money and a budget is crucial. We're not just talking about the costs of setting up a casino, including license and things like that. But you also need a large budget to be able to pay out players, which is often a bigger expense than the cost of the software itself. It is not the case that everything suddenly runs automatically when you start. You should also invest money in promotions and advertisements on the forum.

that is the major role of Money that's why having a gambling site needs really a High budget and independent way of management .
because what is the most important part is not advertising because gamblers will enter your site even without massive Ads , but without funds to make withdrawal will surely end your business and may bring you behind the bars .
so let it be to owners that must be millionaire before engaging in gambling business because we don't know what will happen tot he first bettors if they will make good luck or will end up a loser.

[_BlackStar]

that is the major role of Money that's why having a gambling site needs really a High budget and independent way of management .
because what is the most important part is not advertising because gamblers will enter your site even without massive Ads , but without funds to make withdrawal will surely end your business and may bring you behind the bars .
so let it be to owners that must be millionaire before engaging in gambling business because we don't know what will happen tot he first bettors if they will make good luck or will end up a loser.

Weak finances have forced some casino owners to shut down their platforms because they can't afford the gamblers' winnings. It has happened quite often that owners have had to deal with fraudulent charges for not being able to pay the winners.

Owners can't just hope to collect as much money as possible from losing players and pay out other players' winnings, without enough money they're more likely to run away faster. But there are still owners who will take this way to make money off other people's losses, so we really should consider new casinos to analyze before playing big.

[wxa7115]

that is the major role of Money that's why having a gambling site needs really a High budget and independent way of management .
because what is the most important part is not advertising because gamblers will enter your site even without massive Ads , but without funds to make withdrawal will surely end your business and may bring you behind the bars .
so let it be to owners that must be millionaire before engaging in gambling business because we don't know what will happen tot he first bettors if they will make good luck or will end up a loser.

Weak finances have forced some casino owners to shut down their platforms because they can't afford the gamblers' winnings. It has happened quite often that owners have had to deal with fraudulent charges for not being able to pay the winners.

Owners can't just hope to collect as much money as possible from losing players and pay out other players' winnings, without enough money they're more likely to run away faster. But there are still owners who will take this way to make money off other people's losses, so we really should consider new casinos to analyze before playing big.

What happens is that there are some equations which allow you to calculate something called your risk of bankruptcy, what they do is to tell you how much can you allow a gambler to bet as a max bet so your casino never faces any possibility of bankruptcy.

But many casino operators do not know about those formulas, so they allow their gamblers to use too much money on each bet and if they are unlucky then a gambler will hit a huge jackpot before they get the capital necessary to reduce the risk of bankruptcy to zero, and as such they have to eventually close their doors and be forever known as scammers as they cannot pay the gambler the money they won legitimately.

[TimeTeller]

that is the major role of Money that's why having a gambling site needs really a High budget and independent way of management .
because what is the most important part is not advertising because gamblers will enter your site even without massive Ads , but without funds to make withdrawal will surely end your business and may bring you behind the bars .
so let it be to owners that must be millionaire before engaging in gambling business because we don't know what will happen tot he first bettors if they will make good luck or will end up a loser.

Weak finances have forced some casino owners to shut down their platforms because they can't afford the gamblers' winnings. It has happened quite often that owners have had to deal with fraudulent charges for not being able to pay the winners.

Owners can't just hope to collect as much money as possible from losing players and pay out other players' winnings, without enough money they're more likely to run away faster. But there are still owners who will take this way to make money off other people's losses, so we really should consider new casinos to analyze before playing big.

What happens is that there are some equations which allow you to calculate something called your risk of bankruptcy, what they do is to tell you how much can you allow a gambler to bet as a max bet so your casino never faces any possibility of bankruptcy.

But many casino operators do not know about those formulas, so they allow their gamblers to use too much money on each bet and if they are unlucky then a gambler will hit a huge jackpot before they get the capital necessary to reduce the risk of bankruptcy to zero, and as such they have to eventually close their doors and be forever known as scammers as they cannot pay the gambler the money they won legitimately.

I have seen several casinos applying the max bet for their sportsbetting.
This option is good to avoid total bankruptcy in case, there will be big winnings.
Bankroll is very important for any casino to sustain their operations.
But once they overcome this aspect, it is how they treat their players that will be another factor for their longevity.
If they are indeed serious in this business, they will take care of their players accordingly.

[Lanatsa]

that is the major role of Money that's why having a gambling site needs really a High budget and independent way of management .
because what is the most important part is not advertising because gamblers will enter your site even without massive Ads , but without funds to make withdrawal will surely end your business and may bring you behind the bars .
so let it be to owners that must be millionaire before engaging in gambling business because we don't know what will happen tot he first bettors if they will make good luck or will end up a loser.

Weak finances have forced some casino owners to shut down their platforms because they can't afford the gamblers' winnings. It has happened quite often that owners have had to deal with fraudulent charges for not being able to pay the winners.

Owners can't just hope to collect as much money as possible from losing players and pay out other players' winnings, without enough money they're more likely to run away faster. But there are still owners who will take this way to make money off other people's losses, so we really should consider new casinos to analyze before playing big.

What happens is that there are some equations which allow you to calculate something called your risk of bankruptcy, what they do is to tell you how much can you allow a gambler to bet as a max bet so your casino never faces any possibility of bankruptcy.

But many casino operators do not know about those formulas, so they allow their gamblers to use too much money on each bet and if they are unlucky then a gambler will hit a huge jackpot before they get the capital necessary to reduce the risk of bankruptcy to zero, and as such they have to eventually close their doors and be forever known as scammers as they cannot pay the gambler the money they won legitimately.

I have seen several casinos applying the max bet for their sportsbetting.
This option is good to avoid total bankruptcy in case, there will be big winnings.
Bankroll is very important for any casino to sustain their operations.
But once they overcome this aspect, it is how they treat their players that will be another factor for their longevity.
If they are indeed serious in this business, they will take care of their players accordingly.

Bankroll management as a business owner would really be crucial and of course you would really be minding on putting up limits on max bets if you dont like for your business to be bankrupt incase there's a whale who do

win or make some big hit  which would surely hurt or would really be putting your business into problem which it is really just a default thing .
The rest would be talking about giving good service and promotions and of course they would really be minding about promotions and aggressive marketing and bonuses.

[Desmong]

snip

I guess KYC will be okay for crypto gamblers as long as they can win a lot of money. But most crypto gamblers are small gamblers who rarely get big wins in one game or several times playing gambling. And luckily, gambling sites understand that very well and they don't ask their users to complete KYC because they haven't reached the limit they have set. It's also a benefit for those of us who can play anonymously without going through the KYC process because we only gamble in small amounts and our winnings may not be more than $1,000.

Majority of crypto gamblers are small scale gamblers and  don't have the funds to go big. Most gambling platform now normally requires mini KYC which will be enforced during large withdrawals. Sometimes, there will be some limitations to what a gambler can do or games they can play on the platform until they do the mini KYC verification before they can enjoy better benefits of the platform.

[ipanks]

snip

Only some of them are crypto gamblers who use big funds and we can only see they can win big money. As long as gamblers don't cross the limits set by the casino, I don't think gamblers should go through mini KYC like you said because the casino will still allow gamblers to withdraw their money. But if they want to withdraw a large amount of money and it goes beyond the limits of the casino, of course, the gamblers have to go through KYC and there is a possibility the KYC will have to be complete.

[yayayo]

Maybe I can add things like variety of games to offer or special or focused game you can offer but the more games the better. Also, transparency of the gambling site and the fairness of its games since even if the owner meets that 10 complete steps for new casino if his website is not fair I don't think it will be a successful gambling site.

ya.ya.yo!

[Chato1977]

all views are valid and i think those are what gambling wannabe needs to have before venturing in this business and not just jumping to try and in the middle of the business they cannot cover the possible big wins and then will run and scam players.
they must be responsible in this area if they wanna succeed in gambling crypto business.

[Oilacris]

all views are valid and i think those are what gambling wannabe needs to have before venturing in this business and not just jumping to try and in the middle of the business they cannot cover the possible big wins and then will run and scam players.
they must be responsible in this area if they wanna succeed in gambling crypto business.

When you are running a business then it would really be just normal that you would really be setting off some max bets if you do like for your business to be bankrupt because if not then if someone

wins big then that would surely be the end of your business since you would really be paying off those winnings and as just mentioned where usually be the case that they do end up on scamming
if they do see that they cant pay such winning which is really a very common for them to ended up on being a scam.

[goldkingcoiner]

Note: This thread intended for new casinos, that's why it's posted on Gambling board.

Many new casinos doesn't understand how this forum work, forum rules and how to advertise on this forum. Some casinos just started creating topic with poor plain text announcement and some might doesn't even complete developing his sites. How you can make someone move to your new casino while their old casino are better than yours? No one will want to try out your sites.We can't blame them since new accounts wouldn't recognized this forum yet, this is why I create this thread. This 10 steps will help you understand to promote your brand new casino in this forum.

1. You need to have a lot money to start.
Aside the primary cost to build up the sites, gambling software, domain subscription, coder, script, bug bounty etc. You need to have a good amount money for advertisement (full explanation below), no one will know your casino when they didn't even heard your casinos since it's still a brand new casinos.

2. Read the forum rules first.
The most rules that brand new users broke are post in a row, spamming, put referral on the topic, create duplicate thread and not deleted previous bump. Though if you broke this rules you wouldn't automatically be banned, but your post most likely can be deleted by moderators. Additional tip: if you want your thread remain on Gambling board, you need to accept Bitcoin on your casino, if not your topic will be moved to service announcement (altcoins). The rules can be read here Unofficial list of (official) Bitcointalk.org rules, guidelines, FAQ

3. Create announcement with well organized design.
Good announcement will bring a good impression to whoever see your thread, it also show how serious and well prepared your casino it is. If you register with brand new account, your images wouldn't be visible since each rank has a restrictions. You need to upgrade your rank to Jr. Member or buy copper membership to make the images visible.

4. Various advertisements.
Welcome bonus and wager contest are the good promotions to start as new casino. But almost on any casino will have this promotions and it's really common, also the requirements is really insane to beat. Usually welcome bonus you need 40x wager with the bonus money, wager contest you need to beat high roller and isn't easy. You can other promotions with easier to require even though the reward need to reduced e.g. daily wager, lottery.

5. On forum advertisements.
Having a promotions on casinos is good, but it will be better if you have a promotions dedicated for Bitcointalk user only. Many popular casinos in this forum mostly have this and they're not stopping even they already big. In this forum you can run signature campaign, run review contest about your casino, run prediction contest, slot multiplier or even art contest. To run those contests it will be better if you hire a manager to handle that, you can see on this thread Overview of Bitcointalk Signature Anti-Spam Campaign Managers

6. Make sure your site is already finished.
Announcing your casino but your site still under development will make people doesn't want to try your sites since it's not completed yet and worried if there's a bug. You need to have at least: Terms and Conditions, Privacy Policy, FAQ, Live support, Social media, and Provably fair verifier. It's not funny when you don't even wrote any rules and when someone want to withdraw his money, you suspect him abusing your system etc and you ask him to submit KYC. Obviously no one will ever want to play anymore.

7. Don't be too strict about your rules.
Many people really want a friendly casino which doesn't really strict about their rules. Don't directly suspect broke your rules someone when they win huge amount, you need to accept it since you offer such odds and  maximum bet. If you still suspect someone abusing your rules, you need to prepare the proof to prove it. If not, no one will believe since you're new casino and doesn't have any reputation yet.

8. Get a gambling license.
Many people doesn't like to submit KYC, but they're prefer a casino having license even KYC is mandatory rather than a casino doesn't have license but offer no KYC. This because no KYC casino doesn't offer promotions due to easily to abuse, unlike a KYC casino will have various promotions. Of course you shouldn't ask KYC to anyone as long as they're not abusing your casino. You also shouldn't allow someone can deposit but they need to submit KYC to able withdraw the funds, this is worst.

9. Active on forum.
It doesn't mean you need to active 24/7, you can active once a day, once in every three days or even once a week. You need to be active since many members will ask some questions related to your casino or some people have a problem with your casino. If you ignored their problems, many people will have bad impression on your casino.

10. Don't try to use paid shills or bumping service.
Having a thread shown in the first page or even first row will make your casino will be visible to anyone which visited gambling board. But don't try to use paid shills or bumping service to make your thread remain on the first row, this isn't good advertisement and many people will think your casino is scummy or rug pull project, don't try to abuse this forum system.

This is based on my own observations around popular casinos in this forum, this forum doesn't endorse/force new casinos to have good announcement or run advertisements (e.g. signature campaign, contest etc).

tl;dr you need to have huge money to start new casino, understand the forum rules, prepare good announcement, finished your sites with complete informations, be active, run various advertisements, don't too strict, don't hire paid shills, and have a licenses.

Good rules but perhaps there are a few things which can be added to make the rules a bit more whole. For example, before having money, you can still advertise your project in development. Not only does this forum provide views but a lot of skilled people are keeping an eye on your development. And maybe you could raise money on the forum itself. Good place to start.

In fact, rule 1 should only apply to established gambling casinos. Not newbies.

At least thats how I see it.

[btc78]

that is the major role of Money that's why having a gambling site needs really a High budget and independent way of management .
because what is the most important part is not advertising because gamblers will enter your site even without massive Ads , but without funds to make withdrawal will surely end your business and may bring you behind the bars .
so let it be to owners that must be millionaire before engaging in gambling business because we don't know what will happen tot he first bettors if they will make good luck or will end up a loser.

Weak finances have forced some casino owners to shut down their platforms because they can't afford the gamblers' winnings. It has happened quite often that owners have had to deal with fraudulent charges for not being able to pay the winners.

Owners can't just hope to collect as much money as possible from losing players and pay out other players' winnings, without enough money they're more likely to run away faster. But there are still owners who will take this way to make money off other people's losses, so we really should consider new casinos to analyze before playing big.

Indeed and that is why Gambling owners must understand that this business is not just profiteering but also spending , because not in all matters you will win against the gambler because Luck sometimes seats beside them and  the jackpot knocks their door and the site will be oblige to pay them and also this is why some gambling sites accused of being scammers because they are hindering the withdrawals and obliging players to go many security terms and ending them not getting their money.