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.
At this point I do not think creating a new casino or a dice website would be logical, I think if you are capable of spending that much money than I would rather buy another persons casino from what its worth. That way you are buying a casino that is already running, already known, already has workers and already has promotions going on.
You will have to give him a big chunk of the money or at least offer him something he can't refuse and in the end you will own a successful casino that is working and making you money from day one. If you can't afford that than you probably can't afford start one from scratch neither because it would require at least that much to own or make a new one.
Hmm, it would make things easier for the buyer and just have less hassle compared to one that you are going to make. I'm not sure buying a casino would be budget friendly though, especially if you have a lot of people to pay off. You need to have a lot of BTC. It would be nice to check if the casino you are trying to be is that of worth, not just some lame casino. It is interesting also to have your own twist in it one day, so that it could be yours.