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Author Topic: 1 - The copycat epidemic within crypto casinos.  (Read 3175 times)
Betwrong
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September 13, 2022, 10:38:38 AM
 #121

~
~ But remember that these people are doing it and have millions of dollars, so you need to do something much much better, and can't do that with just a few grand and hiring a developer.

It shouldn't necessarily be "much much" better. Imo, just slightly better would be enough to win the competition. It wasn't like this before the Internet because living in one part of the world people had had little to no idea of what's going on in other parts, and even if they knew about something being better in other country, they couldn't use it. So, indeed, you had to have something much much better to draw the attention of potential customers from other countries. Now you can just copy something nice, improve it a little, and you are the winner.

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South Park
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September 13, 2022, 09:07:42 PM
Merited by Betwrong (1)
 #122

It shouldn't necessarily be "much much" better. Imo, just slightly better would be enough to win the competition. It wasn't like this before the Internet because living in one part of the world people had had little to no idea of what's going on in other parts, and even if they knew about something being better in other country, they couldn't use it. So, indeed, you had to have something much much better to draw the attention of potential customers from other countries. Now you can just copy something nice, improve it a little, and you are the winner.
Globalization has really affected almost all aspects of our lives, this is now true not only for casinos or businesses in general but also for people, now you are competing not only against the people that went to school with you, you are competing against people from all over the world, but as you say in order to be a winner in that race you do not have to be so above the competition, because that is very difficult, you only need to be a slightly better option and that will be more than enough to beat the majority of your direct competition.

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DoublerHunter
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September 13, 2022, 09:59:37 PM
 #123

It shouldn't necessarily be "much much" better. Imo, just slightly better would be enough to win the competition. It wasn't like this before the Internet because living in one part of the world people had had little to no idea of what's going on in other parts, and even if they knew about something being better in other country, they couldn't use it. So, indeed, you had to have something much much better to draw the attention of potential customers from other countries. Now you can just copy something nice, improve it a little, and you are the winner.
Globalization has really affected almost all aspects of our lives, this is now true not only for casinos or businesses in general but also for people, now you are competing not only against the people that went to school with you, you are competing against people from all over the world, but as you say in order to be a winner in that race you do not have to be so above the competition, because that is very difficult, you only need to be a slightly better option and that will be more than enough to beat the majority of your direct competition.
^That is why being a unique gambling casino would be better than a copycat gambling casino.
Every kind of business has competition and the more you are different from others people would love to explore and experience other features that you have even though the mechanics of the games are almost the same at least you are different from others. A gambling casino that has its own developers would be better than buying a script that has already made it possible there are similarities to other gambling casinos.
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September 13, 2022, 10:56:32 PM
 #124

~
~ But remember that these people are doing it and have millions of dollars, so you need to do something much much better, and can't do that with just a few grand and hiring a developer.

It shouldn't necessarily be "much much" better. Imo, just slightly better would be enough to win the competition. It wasn't like this before the Internet because living in one part of the world people had had little to no idea of what's going on in other parts, and even if they knew about something being better in other country, they couldn't use it. So, indeed, you had to have something much much better to draw the attention of potential customers from other countries. Now you can just copy something nice, improve it a little, and you are the winner.
There's a lot of things that make a casino successful and being unique is just one of them, but one of the lest important ones, which is why businesses are copying each other. It's much harder to get players to pay something new that requires some effort to learn. People are lazy and they often prefer to play a relaxing round of the good old than learn something and painfully find out they're bad at it.
People know that it takes time and money to get good.

The more important things that make a casino succeed are good advertising, a lot of money to throw away, an appealing graphics and good reviews (often paid).

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September 14, 2022, 10:11:29 AM
 #125

Indeed, for many players, the entourage itself created on the online casino site is important, it's nice to look at the visually attractive effects that certainly attract players, especially if you are in doubt to start the game or leave. But for players whose main goal is not to enjoy gambling, but to benefit from the UI/UX game does not matter, the main thing is that it should be a reliable and proven online casino, so it seems to me.
Many gamblers didn’t focus much on the theme or design of the site, they are too focus about the game being provided and they just really want to have fun regardless if the site just copied the theme from other site. Beside, they all have the same game provider, so the only concern here is the fairness of the site and it’s security requirements.
As long as the casino has no fraud cases, I don't think gamblers will have a problem with it and will use the casino to keep playing.
I believe that there are many gamblers who will just play even the site has no fraud cases unless they dig deeper about that site.
Like me? I will look into the sites first before depositing.
Quote
They can find what they are looking for because they have no trouble playing in that casino.
that is different from what we are doing , not because there are no trouble I will completely trust the casino.
Quote
Some casinos may have a similar theme or site design to other sites, and I think that's normal. Gamblers are just looking for a place to play safe, reliable, proven gambling that can provide comfort so they don't have to move to another casino.
difference is ok and similarity is ok , but not completely the same to what the others.

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September 14, 2022, 10:26:33 AM
 #126

Casino these days is to large extent a branding exercise. Content is usually a commodity, e.g. casino games are almost always the same, e.g. pragmatic, evolution, netent, hacksaw, etc.

In betting a bit more complicated story, but the mainstream is the same – odds are a commodity provided by a couple of companies, e.g. betradar, betgenius and a handful of smaller providers. Bookmakers work with template odds, risk management and risk exposure to calibrate the product per segment of players, market, and so on. Betting allows broader options to play with the interface

In these conditions it is like a vodka business: same stuff inside, but a different bottle, label, legend, and pricing niche

From the perspective of running a casino, there are several factors

a)   Niche. You can be mainstream or niche, for example, focus on esports
b)   Customer service. Good quality support – means better player retention
c)   Selection of games, ability to integrate game providers
d)   RTP config. Not all allow to configure, but many do
e)   Advertising is a huge factor. If you are good operationally and product, but no one knows you – usually a failure.
f)   Bet limits, e.g game risk exposure
g)   Bonusing, vip schemes, and optionally gamification can make a big difference
h)   Usability of the casino site
i)   Speed of cashouts
j)   Stability and integrity of the technical platform
k)   Business intelligence – knowing how to offer the right stuff to the right customers. This is a complicated one and a lot of casino managers have neither skills nor tools
l)   Blockchain specific stuff: tokenomics, nfts – could be a good idea to play around with that


But in general, in this industry, there is a lot of fuss about lack of innovation and yet outside of 10s of thousands of business participants in the gambling industry, there are 1-2 notable innovations every 2-3 years.

It is easy to spot that there is a lack of innovation, it is even easier to promise, but very hard to deliver. A bit of playing around with brand and interface is not an innovation, rather good branding. And globally this is somewhere between $500B – $1T industry in revenue annually, so there is no lack of people and funds. Anyways, all the best to OP and I truly hope you will succeed!
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September 14, 2022, 12:42:03 PM
 #127

In a way yes, copying is usually not enough, since the incumbent has always the advantage of being first to market and, if they have a proper strategy, they do know how to get that across to customers. Having said that, the games out there are very similar. It is in fact quite silly that with all the possibilities available with technology, casinos still relay on the old tested games.

Don't you think there's a need to avoid and counter those involved in the act of copycats to face a legal suit because they can tarnish a reputation without minding the cost since it takes them nothing to loose than achieving their dubious desires on newbie gamblers, this is an act that should be discouraged in it entirety because no one will ever eant to see a pirate copy of his achievements and success taken by another one and spoil their reputation, dont be surprise that they may even make it alot than the original casino gambling sites with a reasonable number of patronage.

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velzevul11
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September 14, 2022, 07:49:21 PM
 #128

In a way yes, copying is usually not enough, since the incumbent has always the advantage of being first to market and, if they have a proper strategy, they do know how to get that across to customers. Having said that, the games out there are very similar. It is in fact quite silly that with all the possibilities available with technology, casinos still relay on the old tested games.

Don't you think there's a need to avoid and counter those involved in the act of copycats to face a legal suit because they can tarnish a reputation without minding the cost since it takes them nothing to loose than achieving their dubious desires on newbie gamblers, this is an act that should be discouraged in it entirety because no one will ever eant to see a pirate copy of his achievements and success taken by another one and spoil their reputation, dont be surprise that they may even make it alot than the original casino gambling sites with a reasonable number of patronage.

How would you do that considering all of those are Curacao based casinos? That’s the beauty of the grey business… pure competition, nowhere to complain about intellectual property. You get as far as how inventive you are
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September 14, 2022, 08:22:18 PM
 #129

This is correct, gamblers which have been enjoying the activity for long enough know that the games offered by the casinos may differ on the visual aspect but at their core they are incredibly similar, which is why that as long as the game that they like is being offered by the casino in which they want to play they will focus on way more important aspects that affect them directly, like the amount and rate at which they received bonuses and how trustworthy the casino is.
What we are mostly interested in when we play is to make profits and are not that interested in a gambling site that is a copycat of other gambling site. We want to keep playing what we know best in a platform where our money can be safe without any difficulties or problems with us cashing out when we win and y games.
If your main motivation to gamble is to make profits then the only thing that I can say to you is that you're going to get really disappointed if that's the case, casinos give us a platform in which we can enjoy casino games safely without worrying about getting scammed, obviously this is only true in the casinos that have shown to care about their reputation, and that has a cost, otherwise those casinos will disappear soon after they are created, and this means they have to give themselves an edge which makes it mathematically impossible for the player to win.
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September 14, 2022, 08:48:52 PM
 #130

I like the OP's two last sentences which are absolutely true...
1.
Quote
Competition forces companies to either change or risk being left behind.
In as much as many businesses hate competition and see it as a threat to their business success, competition is still very important and necessary since that is what makes customers get their money's worth of service or goods.

And it is also said that technology is moving fast, and any business that fails to move with it will get left behind.

2.
Quote
Those that build, keep up and grow; those that copy slowly die out.
This one is also very true,  and I believe the reason why some of this casinos copy the others is because of lack of passion for what they do.
A business started out of passion always finds its way to the top because the business owner is passionate about his business and that passion helps bring new idea of ways to introduce something new.
But when a business lacks passion, the business owner also lacks power and ideas that will grow the business, at the end of it all. He or she ends occupying from others instead of creating something unique to that business..

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TimeTeller
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September 14, 2022, 09:37:52 PM
 #131

I like the OP's two last sentences which are absolutely true...
1.
Quote
Competition forces companies to either change or risk being left behind.
In as much as many businesses hate competition and see it as a threat to their business success, competition is still very important and necessary since that is what makes customers get their money's worth of service or goods.

And it is also said that technology is moving fast, and any business that fails to move with it will get left behind.

2.
Quote
Those that build, keep up and grow; those that copy slowly die out.
This one is also very true,  and I believe the reason why some of this casinos copy the others is because of lack of passion for what they do.
A business started out of passion always finds its way to the top because the business owner is passionate about his business and that passion helps bring new idea of ways to introduce something new.
But when a business lacks passion, the business owner also lacks power and ideas that will grow the business, at the end of it all. He or she ends occupying from others instead of creating something unique to that business..

Also, let us accept that most businesses really don't start from scratch.
They copied from somewhere but it is how they develop their platform that will give them the edge among competitors.
It is not wrong to copy but it is how you continuously innovate to improve your services according to the demand of your players.
This is where we will see how sincere the business owners are, to what extent they can provide services to their clients.
Lanatsa
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September 14, 2022, 11:50:34 PM
 #132

I like the OP's two last sentences which are absolutely true...
1.
Quote
Competition forces companies to either change or risk being left behind.
In as much as many businesses hate competition and see it as a threat to their business success, competition is still very important and necessary since that is what makes customers get their money's worth of service or goods.

And it is also said that technology is moving fast, and any business that fails to move with it will get left behind.

2.
Quote
Those that build, keep up and grow; those that copy slowly die out.
This one is also very true,  and I believe the reason why some of this casinos copy the others is because of lack of passion for what they do.
A business started out of passion always finds its way to the top because the business owner is passionate about his business and that passion helps bring new idea of ways to introduce something new.
But when a business lacks passion, the business owner also lacks power and ideas that will grow the business, at the end of it all. He or she ends occupying from others instead of creating something unique to that business..

Also, let us accept that most businesses really don't start from scratch.
They copied from somewhere but it is how they develop their platform that will give them the edge among competitors.
It is not wrong to copy but it is how you continuously innovate to improve your services according to the demand of your players.
This is where we will see how sincere the business owners are, to what extent they can provide services to their clients.
As a business owner then getting some ideas or samples from your competitors wont really be bad which it would be just right that you wont really be copying out entirely because that one would create that

bad impression because copying originals is never been good.Instead on getting positive feedbacks you would rather get negative.In case you had just snipped out some features or design but at least you should

really consider on having up some changes at least so that it wont really be looking the same because the community doesnt really love to see copycats.

R


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September 15, 2022, 02:30:47 AM
 #133

True. Most gamblers are not that 'picky' when it comes to games that is offered to them as essentially they are all the same, just different visuals and graphics. If the casino proved to be a reliable and trustworthy platform, gamblers would have no problem playing on them. What we're after is a good place with a good reputation and some kind bonuses too. Sure it might feel off playing on a casino that has a lot of its elements copied on another casino, but after sometime I won't really mind, so as the casino fulfills what I want in a gambling platform.
This is correct, gamblers which have been enjoying the activity for long enough know that the games offered by the casinos may differ on the visual aspect but at their core they are incredibly similar, which is why that as long as the game that they like is being offered by the casino in which they want to play they will focus on way more important aspects that affect them directly, like the amount and rate at which they received bonuses and how trustworthy the casino is.
What we are mostly interested in when we play is to make profits and are not that interested in a gambling site that is a copycat of other gambling site. We want to keep playing what we know best in a platform where our money can be safe without any difficulties or problems with us cashing out when we win and y games.
lol you are completely wrong , real gamblers stands  in checking the site first deeply and closely before considering to deposit and play.

do you really understand crypto gambling ? or i mean online gambling ? the more trustee it gets is the more we tend to play and how can you trust a casino that had copied their whole site from others ? i mean how can you trust a site that has no capacity in spending  money to create their own or pay someone to do the job?









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September 15, 2022, 03:13:21 AM
 #134

...Some do try to reinvent the wheel but without sustainable income, they ultimately collapse. If players are ripping the site from left to right, it's all useless.
"Do not fix what's not broken" as the saying goes.

.....

Innovation is good but be careful not to tweak built systems that's been proven to be effective in an attempt to standout from the rest of the competition.

This innovation thing to be relevant is present in every industry. You can see them in brick and mortar businesses and in the crypto industry as well.

anyone can set-up their own site, however, not many can sustain and maintain their presence in the market.
almost everyday or every week there is a new gambling site that had been promoted here and this is one big step for the businesses, but you are correct being active and staying long is the problem.
Quote
this is an open industry where everyone is free to do their own business.
every business is an open industry but the competition is the only problem because  staying strong will be their enemy here.
 
Quote
but the question is, can they survive in this competitive market? starting in any business is a very challenging period. it will give you an idea if they can make it or not. no need to reinvent the wheel, but how can you catch the interest of your potential players?
time , money and Knowledge , and the team behind in which will bring them to popularity and success .









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September 15, 2022, 11:32:40 PM
 #135

Differenciation in general is difficult to find everywhere. It would seem that everything is now created to satisfy and algorithm that makes everything out there, including casinos but also all websites, all videos and even movies look pretty much like each other. It is like the guy who said that if people want to buy Coke, I am not going to sell them Pepsi. It kills innovation.

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September 16, 2022, 08:23:55 PM
 #136

It is clear that people are overreacting on the copycat situation, if it is not a phishing attempt, then finding casinos with just a little bit of design difference but generally the same thing would be going on for sure. I mean I know a lot of casinos that just copied the system of stake, and did their own version of it but none of them are even remotely close to it.

This is why I highly doubt that stake is worried about any copycats. That is why if you are a good casino then you have nothing to worry about. I personally do not worry about any of this as a gambler because I know which ones are good and I only gamble in those ones without a worry.

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September 16, 2022, 11:10:20 PM
 #137

Differenciation in general is difficult to find everywhere. It would seem that everything is now created to satisfy and algorithm that makes everything out there, including casinos but also all websites, all videos and even movies look pretty much like each other. It is like the guy who said that if people want to buy Coke, I am not going to sell them Pepsi. It kills innovation.
Its not overacting but rather a common impression which even myself would really be having those kind of thinking and views about sites which does have the same vibe and design.
Copying is never been good.They might have able to have some changes or applications but its not something that you cant notice specially if you have seen this on the market for long.
I dont know on why copying is not something appealing in the eyes even if they do put up some additional games or changes but it cant really be removed on someones
mind that you have been copying others.

R


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September 16, 2022, 11:49:32 PM
 #138

It is clear that people are overreacting on the copycat situation, if it is not a phishing attempt, then finding casinos with just a little bit of design difference but generally the same thing would be going on for sure. I mean I know a lot of casinos that just copied the system of stake, and did their own version of it but none of them are even remotely close to it.

This is why I highly doubt that stake is worried about any copycats. That is why if you are a good casino then you have nothing to worry about. I personally do not worry about any of this as a gambler because I know which ones are good and I only gamble in those ones without a worry.

I agree with you.

Again, choosing a gambling casino is like going/visiting to your favorite restaurant or store. It is all about brand-building where you develop a trust between your customers over the positive feedback and service that you provided. Sure, some gambling casinos might copy the design of Stake or its system but if they fail to meet the needs of their customers, they will not be preferred.

Like what I also previously mentioned, gambling casinos have to develop this certain relationship where a fiduciary trust must be developed. That is why, customer support is very essential between the player and the gambling website in solving their respective issues.

R


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September 17, 2022, 02:45:56 PM
 #139

Reputation is everything because once a certain platform do able to get this kind of title then this is where it would really be considered that it is really on the check mark when it comes to those qualities.

Most players doesnt really mind much as long they would really be seeing that there are lots of people who had been playing and staying on the platform.Copy cats is everywhere and isnt something new.

Whenever they do see that a particular site or company is really that too popular then you would really be expecting that there would be some copying actions
believing that they could at least share up on the same success if ever people find out something in similar on the site that they've been dealing with which is really a wrong belief.

Building up a reliable and good reputation in the crypto gambling sector is very hard and requires a lot of time and money. When potential new casinos look at the market, they only see the existing big casino names and how profitable they are. Given the large number of copy cats it seems that the newcomers try to reach the same market shares only by copying their business model. This is not a guarantee and we see many casinos fail in their early startup stages. It would be more helpful to look at the crypto casino market as a whole and also analyse why so many casinos fail. To take away market shares from the leading casinos you need to offer more than casinos offer today. Without an incentive to switch the casino will struggle to find new customers. But offering better deals for new customers will reduce profitability and it will take longer for casinos to reach a break even point. A big factor in new casinos is the trust rating, older casinos build up trust from gamblers over years. Whereas new casinos are struggling to convince gamblers that they are legit. It takes time for new customers to build up confidence in a new casino. I think that many gamblers will try out new casinos only will small amounts until they are convinced that the casino is legit. New casinos need to anticipate that period.
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September 17, 2022, 08:04:00 PM
 #140

It is clear that people are overreacting on the copycat situation, if it is not a phishing attempt, then finding casinos with just a little bit of design difference but generally the same thing would be going on for sure. I mean I know a lot of casinos that just copied the system of stake, and did their own version of it but none of them are even remotely close to it.

This is why I highly doubt that stake is worried about any copycats. That is why if you are a good casino then you have nothing to worry about. I personally do not worry about any of this as a gambler because I know which ones are good and I only gamble in those ones without a worry.
I think the main problem for gamblers with those sites, assuming as you say that they aren't trying to phish their customers, is that many gamblers love variety in the games and user interfaces they're using as that is part of the fun of playing in another casino, but when you know already where everything is placed as that casino is just a copy of another one then suddenly you miss any chance of novelty you may have had, and in the process this denies any reason to gamble at that casino in the first place.
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