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Online Casinos in general: Open your own casino?

Topic created on 19th Jul. 2022 | Page: 1 of 2 | Answers: 14 | Views: 3,102
DaveBerlin
Amateur

Open your own casino?

19th Jul. 2022, at 11:27 am CEST#1
1 Like

Liked this post: Avatar von Tonkabohne Tonkabohne
Hey,

i was thinking about what would happen if we opened a community casino

No I don't have sunstroke 🤣.

I have a friend who works at Gamomat as a developer and we spun around a bit. At some point we got on the topic of opening a casino. I asked him if it would be possible to open a casino where the slots distribute the wins only to the users of the casino. This would indeed be possible. In other words, the small circle of users increases the distribution of winnings to the individual.

In addition, the casino would be transparent and the win surplus would be distributed to the users who have won less or nothing at all.

The RTP would be the same for everyone.

I know that will be a long way and also costs a lot of money. Since I have won relatively well in recent times, but that would be feasible.

What do you think about it?

This post has been translated automatically

Tonkabohne
Top Member

Open your own casino?

19th Jul. 2022, at 11:38 am CEST#2
2 Likes

Liked this post: Anonym, Avatar von DaveBerlin DaveBerlin
I think I read something about it here in the forum.

About equity of 500k etc

I may also be mistaken.

Actually nice idea.

But what if the circle then becomes larger?

As we all know, friendship ends when it comes to money.

There is always someone who makes the whole thing work, i.e. is also the boss of the whole thing.

Can you trust them ?

Here was once the talk of opening a Gamble Joe Casino and there are some things to consider.

Game Provider etc...

I don't think they'll even get in if there's no decent capital.

And isn't the RTP specified by the provider or by the state or licensing authority?

Then you have to apply for a license for DE.

Pay taxes .

and and and ....

This will be a mega way.

Or do you want to found the site in the dark web


Unless you do it like the pirates and Bingo bongos.

As a limited liability company ?

When it's f**ked you only need 25k equity.

But then you only have the 0815 slots 🤷♀️

The idea is not bad in principle.

A colleague of mine has nen 5 old Daddel machines in the party basement and when we are there, we always throw something in.

Sometimes we get something out and sometimes nothing - so almost the same and there manually also manageable.

How is it then in the community casino?

Who discloses the numbers?

Nobody !

Reality 🤷♀️




This post has been translated automatically

DaveBerlin
Amateur

Open your own casino?

19th Jul. 2022, at 11:45 am CEST#3
1 Like

Liked this post: Avatar von Bitcoin Bitcoin
Tonka bean wrote on 19.07.2022 at 11:38: I think I read something about it here in the forum.

About equity of 500k etc

Can also be mistaken.

Actually nice idea.

But what if the circle then becomes larger?

As we all know, friendship ends when it comes to money.

There is always someone who makes the whole thing work, i.e. is also the boss of the whole thing.

Can you trust them ?

Here was once the talk of opening a Gamble Joe Casino and there are some things to consider.

Game Provider etc...

I don't think they'll even get in if there's no decent capital.

Unless you do it like the crazy pirates and Bingo bongos.

As a limited liability company ?

When it's f**ked you only need 25k equity.

But then you only have the 0815 slots 🤷♀️

The idea is not bad in principle.

A colleague of mine has an old Daddel machine in the party basement and when we are there, we always throw something in.

He says, no, I never take anything out.

Hmmmh ... we just do not believe him.


When the circle gets bigger? Consider how many players there are in the world. How many different RTP's on the slots. You kind of pay for the users who have a higher RTP. Is that fair? If you have an internal server where the RTP is the same for everyone, it's much more fairly distributed.

This post has been translated automatically

DaveBerlin
Amateur

Open your own casino?

19th Jul. 2022, at 11:48 am CEST#4
1 Like

Liked this post: Avatar von Tonkabohne Tonkabohne
Tonka bean wrote on 19.07.2022 at 11:38: I think I read something about it here in the forum.

About equity of 500k etc

Can also be mistaken.

Actually nice idea.

But what if the circle then becomes larger?

As we all know, friendship ends when it comes to money.

There is always someone who makes the whole thing work, i.e. is also the boss of the whole thing.

Can you trust them ?

Here was once the talk of opening a Gamble Joe Casino and there are some things to consider.

Game Provider etc...

I don't think they'll even get in if there's no decent capital.

And isn't the RTP specified by the provider or by the state or licensing authority?

Then you have to apply for a license for DE.

Pay taxes .

and and and ....

This will be a mega way.

Or do you want to found the site in the dark web


Unless you do it like the pirates and Bingo bongos.

As a limited liability company ?

When it's f**ked you only need 25k equity.

But then you only have the 0815 slots 🤷♀️

The idea is not bad in principle.

A colleague of mine has nen 5 old Daddel machines in the party basement and when we are there, we always throw something in.

Sometimes we get something out and sometimes nothing - so almost the same and there manually also manageable.

How is it then in the community casino?

Who discloses the numbers?

Nobody !

Reality 🤷♀️





Thanks for your answer of course there is much to consider and clarify. It was just an idea for now

This post has been translated automatically

Tonkabohne
Top Member

Open your own casino?

19th Jul. 2022, at 11:57 am CEST#5
0 Likes

Nobody has liked this post so far
DaveBerlin wrote on 07/19/2022 at 11:45 AM
When the circle gets bigger? Consider how many players there are in the world. How many different RTP's on slots. You sort of pay for the users who have a higher RTP. Is that fair? If you have an internal server where the RTP is the same for everyone, it's much more fairly distributed.

All right but the providers and their slots actually pay the win ?

Can also be wrong but the best example is Pragmatic with their Social Tournament.

Do not know if you have to go in advance or whatever.

But I think soon comes gamble1 around the corner and will give a proper explanation 👍

This post has been translated automatically

Stromberg
Legend

Open your own casino?

19th Jul. 2022, at 12:36 pm CEST#6
0 Likes

Nobody has liked this post so far
DaveBerlin wrote on 07/19/2022 at 11:27: Hey,

i was thinking what if we open a community casino

No I don't have sunstroke 🤣.

I have a friend who works at Gamomat as a developer and we spun around a bit. At some point we got on the topic of opening a casino. I asked him if it would be possible to open a casino where the slots distribute the wins only to the users of the casino. This would indeed be possible. In other words, the small circle of users increases the distribution of winnings to the individual.

In addition, the casino would be transparent and the win surplus would be distributed to the users who have won less or nothing at all.

The RTP would be the same for everyone.

I know that will be a long way and also costs a lot of money. Since I have won relatively well in recent times, but that would be feasible.

What do you think about it?

I somehow do not understand the idea...

Everything that remains after deduction of the costs is distributed to the users in the same measure.
Then you can just play with play money, that's at least free. So all users definitely make a loss?

In the long run, of course, all players make a loss in the casino, but in the short term you can only win at the expense of other players...

This post has been translated automatically

DaveBerlin
Amateur

Open your own casino?

19th Jul. 2022, at 12:47 pm CEST#7
0 Likes

Nobody has liked this post so far
Stromberg wrote on 07/19/2022 at 12:36 PM
I somehow don't understand the idea...

Everything what remains after deduction of the costs is distributed in equal measure to the users.
Then you can play with play money, that is at least free. So all users definitely make a loss?

In the long run, of course, all players make a loss in the casino, but in the short term you can only win at the expense of other players...

What is the difference to other casinos? There you also win by the loss of others or? Only with a smaller circle of players and a RTP for all, the payout is of course more fairly distributed.

This post has been translated automatically

Stromberg
Legend

Open your own casino?

19th Jul. 2022, at 12:54 pm CEST#8
0 Likes

Nobody has liked this post so far
DaveBerlin wrote on 07/19/2022 at 12:47 PM
What is now there the difference to other casinos? There you win also by loss of the others or? Only with a smaller group of players and a RTP for all, the payout is of course more fairly distributed.

Yes of course, I said, you win by the loss of others, I meant the traditional casinos...
What do you mean by a rtp for all?
That all access the same version of the slots? So in Germany because of the tax not the 90 percent and in England 95 percent with the same Provider and the same slot?

This post has been translated automatically

DaveBerlin
Amateur

Open your own casino?

19th Jul. 2022, at 01:02 pm CEST#9
0 Likes

Nobody has liked this post so far
Stromberg wrote on 07/19/2022 at 12:54 PM
Yes of course, that's what I said, you win by losing the others, I meant the conventional casinos...
What do you mean by a rtp for all?
That all access the same version of the slots? So in Germany because of the tax not the 90 percent and in England 95 percent with the same Provider and the same slot?

There are in different casinos, different RTP's. If you consider that the probability of a win at a RTP of 90, for example, is much lower than ne RTP of 96, you finance quasi the high RTP with without having the same chances. If you now have your own server, where the RTP is the same for everyone and only a "small" circle can access it, then of course the win probability increases

This post has been translated automatically

Stromberg
Legend

Open your own casino?

19th Jul. 2022, at 01:18 pm CEST#10
0 Likes

Nobody has liked this post so far
DaveBerlin wrote on 07/19/2022 at 13:02
There are in different casinos, different RTP's. If you consider that the probability of a win at a RTP of 90, for example, is much lower than ne RTP of 96, you Quasi finance the high RTP with without having the same chances. If you now have your own server, where the RTP is the same for everyone and only a "small" circle can access it, then of course the win probability increases

Hmm okay...
So existing casinos don't have their own servers at the providers?
Did not even know that there is such a thing as a RTP for casinos, so to dest no theoretical. A calculated actual for a certain period of course already...

But I think if you would offer for the German market, apart from that it would probably be difficult to get a license, you would have to offer because of the tax deductions slot versions with a very poor rtp...and even if you then have no own server as a casino at the Provider, it would actually only make sense that casinos with the same versions on this server access...



This post has been translated automatically

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