Post
Topic
Board Gambling discussion
Re: What is needed to have success as a Crypto Gambling Game/Dice/Casino operator?
by
RHavar
on 13/10/2016, 21:00:34 UTC
Hi,

I was wondering why some games or dice sites have more success than others.

What is needed to have success in the Crypto gambling space?

I suspect the most important factor is trust. People will happily bet thousands of dollars on a pretty much anything as long as they can trust it's fair and if they win they'll get paid.

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Do you think gambling is here to stay or it can die in some years?

People have been gambling for thousands of years, I really don't see that changing.

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What do you look when gambling BTC? Is it the bankroll of the site, when it was launched?
Somewhere that is provably fair (I'm a paranoid guy, I like to verify the results myself) and someone where I know I won't get screwed.

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Also, what is your favorite Bitcoin game or site to gamble at?
I run my own casino, and have more variance in my life than I would like -- so I haven't gambled in quite a while now. But if I were to gamble right now, I'd probably do so on PrimeDice or BitDice.me. There's nothing particularly special about those sites, but they've been around a while and processed a lot of bets/players/wins and  I've never heard any (legitimate) grumblings. There's a lot of other trustworthy sites out there too, but I haven't really played enough (or at all) to make an informed decision. In the end, I don't care that much about the site as long as they fill the basic requirements.

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Do you prefer in-chain games where you don't need to deposit or games where you deposit funds and play?
I don't like on-chain games, and they don't seem to be very popular. I don't see that changing, unless possibly the event of the lightning network. But even that's not technically on-chain. They're expensive (paying 2x transaction fees each round) and offer a horrible UX. I would personally never use an on-chain game, unless I was betting a very large amount of money (to make the fees trivial) and offered very significant advantages (preferably: it being totally trustless, which I've figured out is possible to do in bitcoin's scripting language) or perhaps like luckyb.it where if they robbed me, I would have a public fraud-proof. That's pretty cool too.