casino bonus: simple, straightforward.

If I might ask.... what is the yearly or monthly 'nut' you have to overcome. Meaning how much do you have to pay the game developers, computer guy, website company, lawyer, hardware, back up systems, bank, licensing authority, etc..... each month to keep the casino open?
Gotta be at least $100k a year, right?

Quote: Wizard

I've yet to raise a dime. However, as mentioned before, I think I can do it without investors.

Would you limit the number of bets as well as the size of the bet?
You can program a 'bot to make $5 bets every second for weeks on end. You are probably thinking at 1% house edge I could retire to Hawaii in a few years, but there are probably going to be some pretty spectacular short term demands on anyone's bankroll.

Quote: SOOPOO

If I might ask.... what is the yearly or monthly 'nut' you have to overcome. Meaning how much do you have to pay the game developers, computer guy, website company, lawyer, hardware, back up systems, bank, licensing authority, etc..... each month to keep the casino open?
Gotta be at least $100k a year, right?

The software providers work on a percentage of revenue basis. So, other than the booking the action, there isn't much risk. I would have to pay anyone who worked for me handling support, but I can start small and grow into that.

The basic business model is the casino owner pays an up-front fee and the software provider creates the web site, pays for the licenses, and pretty much just give you a figurative key to turn on the casino.

One can do it him himself too, keeping 100% of revenue, but I don't have the budget for that.

Quote: Pacomartin

Would you limit the number of bets as well as the size of the bet?
You can program a 'bot to make $5 bets every second for weeks on end. You are probably thinking at 1% house edge I could retire to Hawaii in a few years, but there are probably going to be some pretty spectacular short term demands on anyone's bankroll.

I would absolutely allow bot play and welcome unlimited betting. The more action I get, the closer to 99% the overall return will be. All I want is that 1% with as little volatility as possible.

Quote: Wizard

The software providers work on a percentage of revenue basis. So, other than the booking the action, there isn't much risk. I would have to pay anyone who worked for me handling support, but I can start small and grow into that.

What incentive does the software provider have to be honest?

Quote: Wizard

The more action I get, the closer to 99% the overall return will be. All I want is that 1% with as little volatility as possible.

I know you've done hundreds of simulations, but generally people focus on the final result. Try some simulations and keep track of temporary bankroll balances even with a $20 maximum bet. I think you will be surprised at how much volatility you can get with 1% house edge.

Quote: Fleastiff

What incentive does the software provider have to be honest?

Reputation. Karma.

Quote: Wizard

The software providers work on a percentage of revenue basis. So, other than the booking the action, there isn't much risk. I would have to pay anyone who worked for me handling support, but I can start small and grow into that.

What kind of support are you talking? What would you be needing and offering?

And what kind of investment per point are you thinking for the whole thing?

Also, you might want to keep those numbers and talk on PM only, see the discussion with Bluejay across the street. Soliciting openly can bring problems. I don't want to be running cigarettes to you up in Lewisburg.

Quote: AZDuffman

What kind of support are you talking? What would you be needing and offering?

And what kind of investment per point are you thinking for the whole thing?

Also, you might want to keep those numbers and talk on PM only, see the discussion with Bluejay across the street. Soliciting openly can bring problems. I don't want to be running cigarettes to you up in Lewisburg.

Yup, I would rather not get into too many details publicly. Seriously interested parties can PM me.

Quote: Wizard

All I want is that 1% with as little volatility as possible.

Famous last lords. This seems way
to easy to me, just set it up and
it's a perpetual money making
machine. The flaw is, as with any
business. foot traffic. In this case
it's virtual. Any business will succeed
it enough people come thru the
door and fail if they don't.