Quote from: Indamuck on August 01, 2018, 12:49:25 PM

Quote from: nds407 on July 28, 2018, 10:03:12 PM

Hey everyone, have a quick question: how much bitcoin do I need to start a bitcoin casino? Gonna buy a turnkey bitcoin casino soon which will be about a grand, but about how much bitcoin do I need to reliably be able to pay off winners, at least in the beginning? I know the number varies, but ballpark.

It will be very difficult to start a new casino. There is a lot of competition and you may struggle to stand out against the crowd. If you are seriously considering this you need to look at all the problems you may face: security issues, government compliance, angry customers, cheaters, abusers, etc. It's a lot to think about and spend a long time thinking about your decision.

I also want to add, what would happen if someone won a large jackpot on day one? That could potentially wipe out your bankroll completely, and if you refuse to payout, you lose you're reputation and any chance of having a successful gambling site.

OP I believe you would need to do this gradually. Start out will small amounts and small rewards, and do giveaways or something of the like to increase your userbase. As your user base grows you should adjust the rates accordingly.