IIRC when Eric created and launched moneypot his bank roll was around 80-90 bitcoins and that was enough. I remember him saying it was nerve racking the first few days when he went to sleep wondering if someone would bust his bank roll by the time he woke up.
What you could do is limit the max bet size if you have a smaller bank roll, but don't make it too small or you'll lose potential players.
As for legality that's a huge gray area and a risk.
Good luck on your project.
Thank you for your informative reply.
How do BTC casino sites in general run (considering the legality issues) ?
I believe they must run as anonymous as possible. So godaddy, hostgator and other mainstream providers are definitely not an option. I would assume they run somewhere out of any US jurisdiction.
Yeah, I looked up a few popular sites, all of them were hosted in offshore locations.
Your bankroll should be high, but that depends on what your bankroll is, if you have only 10 btc, you would have to make the max profit of your casino something around 0.1 to be safe, so it depends on your bankroll. If you want other tips, have a faucet for your site, do a few giveaways and people will come to your site
Thank you. But is 10 BTC enough at all?