Is it worth to open a casino for bitcoins?

Hey there

I need your help because I was thinking it good be a good idea to open a casino website for Bitcoins. My Girlfriend don’t like my idea at all, because she thinks it is not worth it, but I do think it is. I’m not sure how it has to look like and how i have to run it, but I just wanted to know, what do you think about my idea?

Would you be happy to visit a casino for cryptocurrencys or just for bitcoins?
Would you play in it?
Would you prefer this kind of casino instead of “real casino” sites with real money?

I would be happy to hear something from you about my idea and maybe you have some advices and tips also for me?

it is a good idea
its not even a gamble from your end of it.

Why do you Care ?
What qualifies her to make a judgement on something like this.
is she a business expert perhaps, or is it just an opinion based on nothing
or is it a moral position

i would probably agree with the Moral Position
but not the others.

Not a chance in the world, I’m not that stupid

Not a chance at all, i don’t even play scratchies at mcdonald’s

I don’t attend casino’s
but, TO BE FAIR…
i suppose…

  • if a person was a gambler
  • if a person was not a trader
  • if a person didn’t really understand bitcoin completely

they probably would come to your casino IF YOU MARKETED IT PROPERLY

and the best part for you is this…
When they lost, AND THEY WOULD LOSE
Gamblers ACCEPT LOSS and don’t complain, that’s their lifestyle, THEY ACCEPT IT
simple as that.

So like i said, it’s a rort and you have to have very little morals to do this (no offense, i’m just giving my opinion)
I mean it’s one thing to open a casino
it’s another thing to open a bitcoin casino

but IF YOU DID, You’d make money from it… there is no question about that

You would have to also look into the legal aspect of it, so you didn’t get arrested.

these are my thoughts on the matter

How would you fund your losses ? :confused:

[Edit - I do smile sometimes when people say “I am not a gambler” - but post on gambling websites ! :slight_smile: ]

I like to play a casino. I want to check this site https://smartbettors.club/bookmakers/william-hill How is it?

I think that Bitcoin casino is the biggest fraud in the history of mankind, because most of my friends and I were deceived. The trick is that bitcoin transactions are not monitored and therefore many scammers have begun to create bitcoin casinos and do not pay people their bitcoins. If you like gambling, then play slots and earn, like me, at [online slots canada real money [removed for forums violation]. This is not advertising, but just a friendly recommendation, because I myself lost about 5k bucks in a bitcoin casino and I do not want people to repeat my mistakes.
So no one trusts Bitcoin casinos anymore and you should not do this …

it’s really not that easy if you decide to open an online casino. but surely, is less hassle than actually building a land-based ones.

things to consider:

  1. crypto vs bitcoin - for me why not both. the more extensive currency your casino can accept the more players you can get
  2. website and promotion - once you have decide what site, you need to consider if you’re going local or global? despite it’s ‘online’ you have to consider that nevertheless when setting up
  3. competition - of course, there multitude of online casinos - active and going offline. it’ll be hell of an effort but surely if done the right way, will be worth it
  4. let’s say you went global - accepts players from around the world, there are still countries really despite crypto and bitcoins are a thing, yet online gambling itself are prohibited.

This is a good response. Even I wouldn’t recommend it as well.

You guys do know the OP wrote about this in December 2017.

Hey, ThomasRuprecht. I don’t think that’s worth it, because cryptocurrency is dead now. I tried to open this type of casino 5 years ago when bitcoin was the most popular thing and after some time I closed it up because I couldn’t make a profit. I think it’s better to open a blackjack casino because in 2020 it’s still relevant and you can earn a lot of money from it. If you don’t know what you need to do, maybe this article about casino game blackjack rules and principles will help you out, if you, of course, don’t know what is blackjack.