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Re: SocialBet.io :: True Odds :: Cashier added :: Gamble now
by
socialbet
on 27/08/2019, 12:35:13 UTC
Hello community, for all those, who were asking how we are going to monetize, we have prepared an article for you. Read it and if you still have questions, feel free to ask anything  Smiley
https://socialbet.io/blog/why_are_we_free
Cheers!
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Board Gambling
Re: SocialBet.io :: We are looking for funding
by
socialbet
on 14/08/2019, 10:20:49 UTC
I just fall in love with your site's layout that's really impress me. Website look good and superb, Its a first time happen ever i reach to the gambling page without any problem. All the gambling site have some issues like slow loading, blank page. Your site is fast and better than other keep it up anad good luck for future projects

We have already added a cashier, so now you may try your pure luck at SocialBet.io. BTW, our founders are already gambling with each other, that's very funny LOL.
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Board Gambling
Re: SocialBet.io :: True Odds :: Now gamble
by
socialbet
on 08/08/2019, 19:56:48 UTC
Hello community!
We have an announcement today. We have completed implementing a cashier and already published. Now you may deposit and try to win some real coins.

So go ahead, enjoy the game and feel how it is when you play with true odds.

We are still in beta and like water and air, we need your feedback, criticism and suggestions.

Good luck!

So finally it is officially launched and ready to be played. Indeed it took a bit long time since you came to this forum months ago but to be honest  your game is still a game which is hard to survive because it is a pvp based game where players needs to wait other players to bet against each others. Means that players may need to wait for long time just for one game.

Thank's for an honest feedback Cheesy We have something big prepared for you Smiley Also we have already some people who bought tickets, so you may already answer to their bets! Go ahead, give us a try.
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Board Gambling
Re: SocialBet.io :: True Odds :: Now gamble
by
socialbet
on 08/08/2019, 14:33:39 UTC
Hello community!
We have an announcement today. We have completed implementing a cashier and already published. Now you may deposit and try to win some real coins.

So go ahead, enjoy the game and feel how it is when you play with true odds.

We are still in beta and like water and air, we need your feedback, criticism and suggestions.

Good luck!


Oh mate, welcome back but... You are back after a few months inactivity, and first what you do, asking people to deposit on your website. I think it is not the right way, especially not on the beta version.


We were very active in the development and inactive in marketing. We do not want to flude here and we want to bring something really valuable to the community. We developed a mobile version which has a different UI than the desktop and added a cashier. We optimized the alfa version, but still doing some tests behind the scenes. The best thing is that the game is ready to be played, so go ahead. Try your pure luck Cheesy
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Topic
Board Gambling
SocialBet.io :: True Odds :: Now gamble
by
socialbet
on 08/08/2019, 09:16:06 UTC
Hello community!
We have an announcement today. We have completed implementing a cashier and already published. Now you may deposit and try to win some real coins.

So go ahead, enjoy the game and feel how it is when you play with true odds.

We are still in beta and like water and air, we need your feedback, criticism and suggestions.

Good luck!
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Topic
Board Gambling
Re: SocialBet.io :: We are looking for funding
by
socialbet
on 02/04/2019, 09:44:00 UTC
How is the funding search process going ? Have you guys found any investors that would be interested in funding the project ? I know it must be crazy hard to find an investor who wouldn't mind paying money for a project that has %0 house rake because it would be really difficult to make the money back, even on projects that are totally irrelevant to casinos people prefer to invest into stuff that has monthly recurring revenue instead of just advertisement money.

But, no matter what the user numbers on the beta must be saying how much visitors and how many users and how many active betters are there which would kind of show how much you could make from advertisement as well and that could help you get some investors. We are really looking to get out of the beta process and I know it will be hard without an investor so please keep us updated.

Everything is going fine, thank you Smiley
The fronts of work which need to be done are many. We need more time. I am sure, if we had got donates from the Bitcoin community, the project might move faster, but we have what we have!
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Board Gambling
Re: SocialBet.io :: We are looking for funding
by
socialbet
on 02/04/2019, 07:55:28 UTC
I am not a big fan of raffle games. I'd like to see blackjack, roulette or maybe poker & dice with 0% house edge. But I don't know how you will manage to do that..  Also how are you going to maintain the servers if you don't take an edge?

This is also my question to the team a 0% house edge is new to my eyes because how they take to gain profit? For the maintenance of the site however even this online casino has a zero house edge it stil has a big advantages.

If this site is only providing one game which is a pvp raffle game, how can they get big advantages if they offer Zero house edge? There is no advantages at all of offering zero house edge in a pvp based game. I do not even think that it is profitable for them if they provides game like dice/blackjack with 0 house edge.
Even on Dice/Blackhack wont even give them profits on 0% houseedge unless if they would charge up some fees before withdrawal but on any angle, a certain
gambling site wont able to sustain for long term if they would continue not to be profitable.We know that these are businesses and in order to survive they would need to earn money
and without it then expected for this to fail and die.

We are not going to monetize the game. But shall monetize the project. And we will get a profit. We understand that it is very unbelievable and uncommon, but the day has come! Smiley Technologies + our creativeness will solve the problem Smiley
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Re: SocialBet.io :: We are looking for funding
by
socialbet
on 01/04/2019, 17:54:05 UTC
Why do all lottery tokens only carry out fundraising, and then disappear? Has anyone thought about that? But I think that investing your money in such a project is the same as playing the lottery)))

We are not going to disappear. We did and are doing a lot of work every day. Please check our website, pay attention to our site performance, interface and read more about our mission at socialbet.io/about.
I think the only thing that will disappear is your doubts Cheesy
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Board Gambling
Re: SocialBet.io :: We are looking for funding
by
socialbet
on 01/04/2019, 17:49:02 UTC
I am not a big fan of raffle games. I'd like to see blackjack, roulette or maybe poker & dice with 0% house edge. But I don't know how you will manage to do that..  Also how are you going to maintain the servers if you don't take an edge?

Just give us some time and You will see, that 0 is real. We have really BIG ideas Smiley
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Board Gambling
Re: SocialBet.io :: We are looking for funding
by
socialbet
on 01/04/2019, 17:17:24 UTC
Warmly want to give my personal feedback based on your website. Website look good and professional, the very first time visiting a gambling platform without any stress of navigation, keep it up as you grow up with others; in the arena of gambling. Also, the games are cool but will recommend you introducing more games into the platform that will make it measure up with others, kudos.

Thank's for feedback.
We have mind-blowing game ideas Smiley
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Board Gambling
Re: SocialBet.io :: We are looking for funding
by
socialbet
on 01/04/2019, 11:29:54 UTC
Mostly people hesitate and are not willing to submit the KYC on any site and gambling is one of them. We come to play gambling online only because it is anonymous and we do not want to reveal our identity. If SocialBet.io or any other gambling site will make it compulsory , then we have so many options to move to other gambling sites.
Me too.
I usually avoid exchanges, casinos require KYCs.
However, sometimes, I have to do it because I don't have other choices, better exchanges, better casinos, and so on.
So, let's choose what is the best for your interest, and please do KYCs if you don't have other choices.

Yes, we have so many options to register, and we can easily move to another gambling site which doesn't need KYC, and I think we are free to choose the site. That will happen too with the exchanges. So far, I only send my ID to my local exchanges because I am trading on their site and I want to deposit and withdraw from them although I always use third party services to help me to send the money.

And related to SocialBet, we have a choice to register on their site or not, and if they are required to fill KYC, then we can leave them and don't register in their site. That is the simple thing that we can do if we don't want to fill KYC and I think everyone will decide by themselves.

Again, We won't annoy our players with KYC. This is a legal thing to avoid problems with the government.
SocialBet.io is a gambling platform which has been built by gamblers for gamblers. We are one of you. We understand you and if we find a way to remove a KYC, we shall do it immediately  For the first we removed the house edge.
And again Smiley Yes we do have a monetization model. We will announce it as we pass security, performance and a lot of other tests Smiley
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Board Gambling
Re: SocialBet.io :: We are looking for funding
by
socialbet
on 29/03/2019, 20:51:32 UTC
I have just read your terms and I see that you will full KYC even if I play with cryptocurrencies like BTC. Can you please explain why?

I don't want to play with FIAT only with BTC will this be possible to withdraw without verification?

I am not sure why do you think so, but we are not full KYC.
Please, can you quote the point that stands for our full KYC?

Here is our KYC point

Quote
We may require complete verification of Your account with all the docs needed in cases required by law
So for my understanding, you are not requiring KYC unless it will be required by law, so it's your justifications when a  player needs to comply
with KYC procedures, any time a player can deposit and withdraw without any problem as long as they are not cater of this conditions.

Absolutely yes!
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Board Gambling
Re: SocialBet.io :: We are looking for funding
by
socialbet
on 29/03/2019, 10:04:20 UTC
I have just read your terms and I see that you will full KYC even if I play with cryptocurrencies like BTC. Can you please explain why?

I don't want to play with FIAT only with BTC will this be possible to withdraw without verification?

I am not sure why do you think so, but we are not full KYC.
Please, can you quote the point that stands for our full KYC?

Here is our KYC point

Quote
We may require complete verification of Your account with all the docs needed in cases required by law
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Board Gambling
Re: SocialBet.io :: We are looking for funding
by
socialbet
on 28/03/2019, 07:20:59 UTC

Yes, we agree with you, but an ICO project needs a lot of additional resources.
If there is someone that can help us to do an ICO we may offer a good % Smiley

We are open for discussions

Other ICO projects are doing it the cheap way possible with just nothing but promises, Since you have a working product you can simply set up a wordpress website and add the information about your team and details of your casino platform Cheesy Plus ETH Token creation can easily be done if you are a real developer.
Those ICO projects that do it the cheapest way usually end up as bad as they started. An ICO would be a good idea for the OP but it's not as easy as it seems. First of all a good ICO has a professional website created with good and quality informations available on it. Then an ICO should be promoted a lot which requires some money at least at the beginning. And finally they would have to worry about managing their token, adding it to different exchanges and other things like that. So an ICO requires a complicated process and I am not sure if OP wants and can afford that since he is already looking for funding.

Absolutely yes! We are short of resources and can't do all at once. Our team is success oriented and we know that everything must be done at its time. Now it's time for the beta Smiley
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Board Gambling
Re: SocialBet.io :: We are looking for funding
by
socialbet
on 27/03/2019, 20:34:28 UTC
Having a working product can easily raised money for further development.

Why don't you launch a traditional ICO to raise money for further platform development, its been done before by other casino platform and usually ICO casino is an easy sell specially if you have some real transparent team members.

Also a tokenize profit sharing casino platform is attractive to some long term investors.


Yes, we agree with you, but an ICO project needs a lot of additional resources.
If there is someone that can help us to do an ICO we may offer a good % Smiley

We are open for discussions
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Board Gambling
Re: SocialBet.io :: We are looking for funding
by
socialbet
on 27/03/2019, 20:30:29 UTC
I can sort of understand why you would need investors, funding is a very important part of this business and you would be becoming big much faster with a lot of money.

Moreover, you are known to constantly brag about your zero rake, it is not really "house edge" in your case because its a game where the money you get should be considered rake, house edge is when a game is versus the casino but this game is player versus player mostly, so you have zero rake in the house. It  means if an investor wants to fund your project, how would you pay him back, or how would they make money ? You are building a business that basically has no profitable idea so far, in order to fund a project investors usually want to know how you can make money with it, without that there is no point of investing.

SocialBet has different monetization channels. One of them is the ads.
Now we are focused on beta and as we pass it, the monetization model will be announced. We are doing a lot of work every day and we want to do some good job for the crypto community.
We are planning to add a new game at the end of the beta. Still without a rake or whatever you call it Smiley
 
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Board Gambling
Re: SocialBet.io :: We are looking for funding
by
socialbet
on 27/03/2019, 18:09:34 UTC
No improvement until now please make some move team if you want to attract more gamblers.
I'm one of a gmabler to monitor your site until the first time you introduced to this forum site, If I were you just remove the KYC because people dont like to give their personal information.

Thank you for your attention. Your feedback is very important to us.
The mobile version is coming soon Smiley
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Board Gambling
Re: SocialBet Launches! :: Make Gambling Social Again! :: 0% House Edge
by
socialbet
on 27/03/2019, 07:03:32 UTC
0% house edge? So how will you make profit? I just checked your site for a while, my concern goes to this:

Quote
20. The User is fully responsible for paying all fees and taxes applied to their winnings according to the laws of the jurisdiction of User’s residence.

So players should pay income's fee to the local government? I dont quite understand about above term as it is the first time I read this term.

Quote
59. To withdraw funds, We require complete verification of Your account with all the docs needed
This other term will not make your site become popular in this bitcoin gambling industry, what is the point of accepting bitcoin only but you requires for KYC?

There are some big winners under the recent winners tab, 3-4btc win. Are they real winners?


The site looks good and new for me and I want to learn more about your gambling site.
I think it would be great but I have the same interest in this you have a 0% house edge how could you continue to upgrade your site and keep the gamblers protected?
And I also want to hear those recent winners to ,And also about your withdrawal why do we have to do the KYC ?
There are already some sites that gambler could play and withdraw without sending their personal info .

yeah like Stake.com but stake/Primedice just require KYC if the players maybe have a suspicious game or breaking their TOS
and they will ask KYC

but this is different from stake or Primedice, you make the people must do KYC before he can withdraw
so i think the KYC will make your site not really popular



The same thing is at SocialBet. Why do you think it is different?
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Topic
Board Gambling
Re: SocialBet Launches! :: Make Gambling Social Again! :: 0% House Edge
by
socialbet
on 26/03/2019, 21:54:33 UTC
0% house edge? So how will you make profit? I just checked your site for a while, my concern goes to this:

Quote
20. The User is fully responsible for paying all fees and taxes applied to their winnings according to the laws of the jurisdiction of User’s residence.

So players should pay income's fee to the local government? I dont quite understand about above term as it is the first time I read this term.

Quote
59. To withdraw funds, We require complete verification of Your account with all the docs needed
This other term will not make your site become popular in this bitcoin gambling industry, what is the point of accepting bitcoin only but you requires for KYC?

There are some big winners under the recent winners tab, 3-4btc win. Are they real winners?

Thank's for your question

Quote
I think it would be great but I have the same interest in this you have a 0% house edge how could you continue to upgrade your site and keep the gamblers protected?
We have ideas, how to monetize SocialBet. But now we are in Beta and right now we are not thinking about monetization, instead, we are doing updates and creating a better gaming environment.

Quote
And I also want to hear those recent winners to ,And also about your withdrawal why do we have to do the KYC ?
We are not going annoy our users and will use the KYC only in suspicious cases.
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Board Gambling
SocialBet.io :: We are looking for funding
by
socialbet
on 26/03/2019, 20:30:46 UTC
Dear community and crypto lovers,

The official release of SocialBet.io is almost there. At this phase, we understand that we need more financial resources to kick-start the user acquisition process. We need to push now. We need to act fast and bold to acquire the critical mass of daily active users. We also need more people to move forward and for that, we need more financial resources.

We will soon release a version with real bitcoin money and we will need finances to cover for the marketing, new technologies integration and developing new games. 

We are looking for an investment!

We are happy to answer your questions and tell you more about our plans and ideas.
Interested? PM us Smiley