I understand the mechanics and how you'll earn from this. It's a P2P/PvP gambling and you'll be taking share for each of winner's take from his opponent's money. That's a good business model if you don't want to spend money on your own and the casino will just serve as a hub for those who want to bet. But to tell you, it's hard to find those casinos that are successful in this niche, there have been trials of it in the past but almost no luck for most of them however, I wish you luck.
I have read that microgaming multiplaeyer roulette is doing well and is a succesful game. I think is all about marketing. if it can readh the right audience, it will work.
I am thinking to add also some slot machines.
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BoardAltcoin Discussion
Re: help on selecting stablecoin for gambling site
Can't you just add all of them for the preference of everyone and that's a good option if you're going to be with a stable coin? But if it's with USDT then I would agree with the trc20 protocol because of the fees. AFAIK, there's also USDT for Bep20.
its a player vs player roylette and blackjack. its not exactly casino. I will just take fees from the games played and players will win each others money not mine.
It can accept all types of coins, however I was thinking about stable coins to be more easy for the players to know how much they are betting.
what do you think guys?
I get it, that's like a PvP game for which the money that shall be won by the other player is the bet of the player. I think that's a good strategy if you're not going to put up that much money and the amount would be coming from the opponent instead of the casino's pocket. If you're adding all types of coins, that's already a good option for most don't stick only on one coin but if you're giving a lot of option, if they have some spare on their portfolio, they can deposit whatever they want which is supported by your casino.
yes exactly. for example 4 friends can do account and deposit for example 10 doge coins each and they bet. one of them will take the deposited coins once he win. thats why I need it to be cheap the transactions so they can play with small money.
no I won't be paying any of the winnings. I will simply take a % from the deposited money each round. Its like a gambling club rather than a casino.
It was very popular in my country this type of gambling, since is fair and its no way to be tricked the player from the casino. In my country this type was available in small brick and mortar clubs/pubs like establishments. some of them was having also ladies inside. this is a digital form of a gentlemens gambling club ! You think I could add also some live cams? lol!
Yeah I think I will follow your advice and add multiple coins. I see that this days one payment option is not a wise choice.
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BoardAltcoin Discussion
Re: help on selecting stablecoin for gambling site
You know that stablecoins are centralized and can be frozen and seized by those who control them? This means that BUSD and Tether are out of the question, because when your gambling site will gain enough volume, someone will notice it and your wallets could get frozen.
DAI and other algorithmic stablecoins is the only option, although you should research if they are fully immutable or also have "backdoors".
I didn't think about the volume. I think I'll stick with Tron as main deposit method and maybe I'll keep my balance in BTC. or trx. Which is the most stable coin to hold my balance? This 2 are good? I see trx is somehow stable.
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BoardAltcoin Discussion
Re: help on selecting stablecoin for gambling site
by
luckypiglive
on 21/05/2021, 09:00:34 UTC
thanks guys. I think Ill use the tron and maybe ill convert it to stable coin in the end. and I will add the rest deposit methods as you advised. I will add all coins that my hardware wallet accept.
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Topic
BoardAltcoin Discussion
Re: help on selecting stablecoin for gambling site
Can't you just add all of them for the preference of everyone and that's a good option if you're going to be with a stable coin? But if it's with USDT then I would agree with the trc20 protocol because of the fees. AFAIK, there's also USDT for Bep20.
I think there are still some altcoins that you might be able to use because what you are looking for is very cheap transaction fees, such as TRX, which in my opinion currently still has a good chance.
I think he's going to build a casino that's focusing for with stable coins.
its a player vs player roylette and blackjack. its not exactly casino. I will just take fees from the games played and players will win each others money not mine.
It can accept all types of coins, however I was thinking about stable coins to be more easy for the players to know how much they are betting.
what do you think guys?
Post
Topic
BoardAltcoin Discussion
Re: help on selecting stablecoin for gambling site
by
luckypiglive
on 20/05/2021, 17:42:20 UTC
My players has limited knowledge about the types of tether and generally the crypto. It must be something simple.
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Topic
BoardBeginners & Help
Topic OP
help on selecting stablecoin for gambling site
by
luckypiglive
on 20/05/2021, 15:52:49 UTC
Hey, I am developing a gambling site and I need advice on which stable coin to select. I am thinking about DAI, BUSD, or Tether. Which one has less fees on transactions? BUSD? any other suggestions?
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Topic
BoardServices
Re: CryptoMixer.io - Is Really Good Bitcoin Mixer
by
luckypiglive
on 26/04/2021, 21:11:32 UTC
all this can be avoided if you use a simple dex, to convert the bitcoin to another coin and then deposit in another dex and convert it back to bitcoin
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Topic
BoardMining (Altcoins)
Topic OP
easiest coin to mine in 2021?
by
luckypiglive
on 25/04/2021, 12:47:02 UTC
hey miners, any suggestions on chich coin to mine easy in 2021? preferably without GPU, with personal computer. and to worth it a bit
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Topic
BoardTrading Discussion
Re: any opinions about the recent btc price crash?
by
luckypiglive
on 24/04/2021, 15:45:46 UTC
;)looks like you are right and is recovering. I was expecting to drop to 40+\-
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Topic
BoardTrading Discussion
Topic OP
any opinions about the recent btc price crash?
by
luckypiglive
on 23/04/2021, 15:17:23 UTC
Hey,
What is your opinion on the bitcoin price crash? I am trading with the Bill Williams trading system and all looks good on the weekly time frame, and on monthly its like nothing happened! what do you think guys and what indicators do you use?