Oh geez, it's late and I'm tired and I am gonna get my arse kicked for this post but here goes and I will eat my humble pie in due course.
Jstrike you are good, you are very, very good. But sorry I'm with Enzo on this one! "Web Designer" etc, etc. You are out to make a quick buck, actually a retirement buck, which is a lot of money in one foul swoop and granted, if in truth this has been a 3 year project then it's well worth it. It has taken 3 years of playing with other revenue internet projects and major research in this industry to capitalize.
You found the niche - what is the weak spot in this industry! Player dissatisfaction because of low returns and suspicion about being given a fair go!!! Okay, so how can one capitalize on that! Umm....make an offer too good to refuse by marketing the weak spot. So lets say you get just 10% of THIS forum to "give it a go" that's, (sorry forgive my ignorance but let's just look at the most viewers on-line stats of about 10,000) - so 10% of 10,000 get warm and fuzzy with you and deposit, say $100, to "give it a go" coz you reak of a guy that is "true blue" and you deserve a "fair go mate" just like the the rest of us - that's a deposit into your casino of $100,000 .... mmm that's a tidy sum just from here! And all you have to back this up is 5K. Your quote:
"Sure. We could get wiped out right out of the box. My answer to that is, better to give away $5k and have tried. I'd rather give $5k to a bum in the street who promised me a rainbow than keep grinding out apps for other people for the rest of my life. So if that answers anyone's question about whether I'm an idiot, yeah, I guess I am. Life's too fucking short. I put thousands of hours into this thing, I saved my nickels and dimes. If it lasts two days and I give away $5k, well, fine. Take my money. To me, running this thing for two days is better than a vacation to the Bahamas. "
"Life's too fucking short" is very professional and I'm sure mate that you'll be running this thing for less than 48 hours and vacationing in the Bahamas while you concoct your next internet marketing scam!
Sure for the first X amount of hours before the shit hits the fan you can make a few payouts using your 5K, then cry "broke", which you have done as a possibility in a few of your posts, and walk away with a cool $95,000 just from this site! And the worst that's happened to you is you're out of business and ended up in the rogue pit, which you knew was gonna happen anyway. And yay you're happy with that coz you planned it every step of the way - hell I'd go into the rogue pit if it meant I was paid to do it!
I don't have time to pick this to pieces to justify my argument here, but briefly you quote:
"No one player is going to take the float, because we'll have to close the game at some point before that and explain our situation to the player, cash them out and ask that they understand we're a small house and can't take bets beyond a certain point."
So I guess it's just bad luck for the lucky winner who has to wait to see if your "true blueness" is gonna pull through, while in the meantime you walk away. Many of your players are gonna "jag" a winning streak early in the piece, be it martingale or some other betting strategy that's gonna lose money for them in the long run - how you gonna hold off the early winning streaks and keep a reputation. But, I think you know all this - you've done your research buddy and you know what to say.
Verification also seems to be a bit of a bitch in the forum and you nicely soothe that one over by saying you will, what, personality check everyone by visually looking at their photo's. You must have a lot of people working for you, coz I can't see how you are going to have the time to personality check 10,000 people in a day - so how are they all going to be paid with a 5K business float?
You quote that you have legal advisers but a big question over this is found in your quote:
"'Til then, I'm just going to make as much information public as I can, and be extremely transparent to make up for not having a government officially behind me. I also want to invite some world class gaming analysts to come over and try it out, if they're willing to give it an independent look see for a reasonable price. Haven't contacted the Wizard yet, I hear he's pretty hard to get. But I've been in touch with a respected guy who does a lot of similar work on new table games."
Nice, very nice, mention the Wizard, without verification from the Wizard, then quickly back it up with your "respected guy", which implies that "your unkown guy is as reputable as the wizard". Come on! Oh, sorry yes, you are also very skilled at marketing hypnosis and the wonderful power of suggestive marketing.
Your marketing strategy here is "honesty"! I hope, in the name of sincerity that you cut the mustard, but sorry, you can count me out!
Sorry members, I know this is rushed, messy and needed a lot more structure and back-up. But, what the hell, honesty is a virtue and if in the long run this proves itself then I will join the ranks. But as much as I am a player, I am continuing to play 5 months later "having made one initial deposit, (which was withdrawn once doubled) and a few $K withdrawals since being made from my winning bankroll" - because I always protect my bankroll along the way.
In other words JStrike I made your 5K in a couple of months with $1 bets, how many losers do you need before you gonna please me?????
Cheers
StaceyLee