casino bonus: simple, straightforward.

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September 6th, 2019 at 4:37:28 PM permalink
Wizard
Administrator
Member since: Oct 23, 2012
Threads: 239
Posts: 6095
Quote: Pacomartin
Are you thinking of doing something similar or would you have your own backers?


I am accepting backers, but think I can do this without them. There are three things I am absolutely bottom 1% of the bell curve horrible at and they are:

1. Golf
2. Communicating with women
3. Sales

Once I have a more clear path how I'm going to bring this to life, I'll be better able to answer questions a potential investor might ask, if I get any questions at all. I can say it would be a simple Shark Tank type of arrangement where a percentage point of ownership is sold for $x. I would also be open to discussing some kind of risk layoff on the actual bets until my bankroll is larger.
Knowledge is Good -- Emil Faber
September 6th, 2019 at 8:33:37 PM permalink
Evenbob
Member since: Oct 24, 2012
Threads: 146
Posts: 25010
Quote: Wizard
I am accepting backers,


I played at Celtic Casino for
years, you have an article
about it on WoO. It disappeared
last spring, poof. Out of business.
Doesn't that sort of thing scare
you?

Will you be using Visionary IGaming
like everybody else for the live feed?
Did you write about VI on WoO, I
can't find a search feature there.
If you take a risk, you may lose. If you never take a risk, you will always lose.
September 6th, 2019 at 9:35:12 PM permalink
DJTeddyBear
Member since: Oct 24, 2012
Threads: 5
Posts: 265
I’ll just repeat what I posted on Twitter when I first saw the Wizard’s announcement there:


Great concept but is it realistic?

Even a craps pass line bet has slightly more than 1% edge. Prop bets are higher but popular.

What about side bets?

Why not just have honest game listings:

BJ: x% with optional side bet at xx%
3CP: x% with optional side bet at xx%

Etc.
Ignorance is bliss and knowledge is power. But having only some facts can get you into trouble!
September 7th, 2019 at 7:20:16 AM permalink
DRich
Member since: Oct 24, 2012
Threads: 51
Posts: 4944
Wizard, if you are comfortable answering this. What type of bankroll will you require based on your current thoughts of the games and limits that you would like to offer?
At my age a Life In Prison sentence is not much of a detrrent.
September 9th, 2019 at 8:41:31 PM permalink
Wizard
Administrator
Member since: Oct 23, 2012
Threads: 239
Posts: 6095
Quote: DJTeddyBear
Why not just have honest game listings:

BJ: x% with optional side bet at xx%
3CP: x% with optional side bet at xx%

Etc.


Plenty of Internet casinos already honestly report on the odds of their games.
Knowledge is Good -- Emil Faber
September 9th, 2019 at 8:41:38 PM permalink
Wizard
Administrator
Member since: Oct 23, 2012
Threads: 239
Posts: 6095
Quote: DRich
Wizard, if you are comfortable answering this. What type of bankroll will you require based on your current thoughts of the games and limits that you would like to offer?


You can PM me if you're seriously interested in investing.
Knowledge is Good -- Emil Faber
September 9th, 2019 at 10:11:46 PM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 1068
Posts: 12569
Quote: Wizard
I am accepting backers, but think I can do this without them. There are three things I am absolutely bottom 1% of the bell curve horrible at and they are:
3. Sales


With "just dice" in Canada, the owner dooglus, did not make sales calls for investors. Anyone logged into the site could choose to be either a gambler or an investor or both. Dooglus was both the operator of a site (for which he took a fee as a tiny tiny percentage of transactions out of the bankroll), but he was also an investor.

Maximum bet was constantly recalculated as a percentage of the bankroll available and the odds you chose for your bet. Using the lowest 1% house edge, I think the maximum bet started at 1% of bankroll but quickly moved down to 0.5%.

If you changed your bet to a higher house edge (with higher potential returns) the maximum bet dropped accordingly.

When the whale, Nakowa won big in 2013 he won 13,000 bitcoins (~@$125/BTC) or about $1.6 million, dooglus made either a panic move or an executive decision to drop the maximum bet to 0.25% of bankroll, after which Nakowa announced that he would no longer play.

The investors began an online discussion of the pros or cons and the right to change the maximum bet size without consulting the investors.
https://bitcointalk.org/index.php?topic=301428.0

AFAIK this ability for anyone to choose to be either a gambler or an investor was first tried on this website. A lot of it was possible because under Canadian law at the time bitcoins were viewed more as collectibles than as negotiable investment instruments. When they changed the Canadian law, the website was still legal, but the owner was required to collect a lot of personal information on the investors as most of them were nothing more than log-in names.
September 10th, 2019 at 3:26:35 AM permalink
Wizard
Administrator
Member since: Oct 23, 2012
Threads: 239
Posts: 6095
Maximum bets will be significantly less than even 0.25% of bankroll in my case. I plan to open the doors with very small bets, just to keep things friendly and safe to begin with. I'm thinking around a $5 max bet in slots and video poker and $25 on less-volatile games like blackjack.
Knowledge is Good -- Emil Faber
September 10th, 2019 at 3:13:53 PM permalink
Fleastiff
Member since: Oct 27, 2012
Threads: 62
Posts: 7831
Quote: Wizard
Maximum bets will be significantly less than even 0.25% of bankroll in my case. I plan to open the doors with very small bets, just to keep things friendly and safe to begin with. I'm thinking around a $5 max bet in slots and video poker and $25 on less-volatile games like blackjack.
Or to make an analogy to a brick and mortar casino, you plan to bring back "the bird games" in craps. Good move! It will be like Benny Binnion's in 1949. Oh sure, inflation will change the actual amounts but its the same principle.

Perhaps you can even bring back Binnion's slogan: Your limit is the size of your first bet.
September 10th, 2019 at 4:15:33 PM permalink
Wizard
Administrator
Member since: Oct 23, 2012
Threads: 239
Posts: 6095
Quote: Fleastiff
Perhaps you can even bring back Binnion's slogan: Your limit is the size of your first bet.


I love Benny's philosophy of simply offering the player a good value and service. However, I'm not as rich as he was, so can't honor that offer, yet.
Knowledge is Good -- Emil Faber
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