cost of making gambling casino? | Bitcointalksearch.org

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Quote from: Sp0ngelele on April 02, 2020, 07:03:18 PM

if i have 25.000$ and new idea for a game i can start?

The direct answer, yes. For $25,000 you can start.

It will cover site building, domain, security - only if you have the knowledge to do this alone to minimize spendings.

It will not cover the license, salary of your team, aggressive marketing. But you can manage to solve that problem if you have knowledgeable persons that will help you.

What's left? BANKROLL. You already spend your $25,000 and let's say you have $5,000 left. That's a suicide bankroll if you ask me. Part of acquiring a license is your ability to cover the winnings. And if you think you want to be unlicensed for now, still your $5,000 is not enough to act as a bankroll. No one will use a site that is limiting their budget.

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Quote from: carlfebz2 on April 02, 2020, 06:08:26 PM

Quote from: Sp0ngelele on April 02, 2020, 05:57:36 PM

Hi guys, what is the cost of making gambling casino based on btc?

It will vary on what site you are tending to make because i do believe that a dice site do have different cost than building with a sports betting one.
Talking about the cost? Dont have much idea but for sure lots of factors will affect the total cost yet it will depend from UI/UX design until to marketing stuff etc.
There are some threads that might be useful for you to read up and might able to get some ideas.

https://bitcointalksearch.org/topic/how-much-does-it-cost-to-create-a-btc-gambling-site-1637945
https://bitcointalksearch.org/topic/how-to-start-a-bitcoin-casinosports-gambling-business-checklist-5131758
https://bitcointalksearch.org/topic/how-to-create-own-bitcoin-gambling-site-1760302

Most part of cost it's license in different countries. For example, in UK:

Quote

The full gaming license is a single license for your gaming business – the application fee is £5,000, the annual fee is £35,000.

Here is more - https://www.gamblingcommission.gov.uk/for-gambling-businesses/Do-I-need-a-licence/Types-of-operating-licence.aspx

annual fees you need to pay year by year and noone fuck about do you have profit or not. Some countries (like mine for example) don't have even the opportunity to buy license and your service can be blocked anytime.

you can try of course without permissions, but you should be ready to get into blacklist (your site and all it's infrastructure will be lost).

Compromise - to buy license in offshores (price list - https://meliorgames.com/gambling/online-gambling-license-how-to-get-it/)

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Quote from: Sp0ngelele on April 02, 2020, 05:57:36 PM

Hi guys, what is the cost of making gambling casino based on btc?

Quote from: Sp0ngelele on April 02, 2020, 07:03:18 PM

if i have 25.000$ and new idea for a game i can start?

If you know how to code and make everything by yourself that budget could be enough to get you started and you will be able to create your own casino, there is just one big problem and that is your bankroll, there are very specific formulas to calculate your risk of bankruptcy, even if you have the house edge on your side if you allow the gamblers that play in your casino to bet too much the chances you go bankrupt are of 100%, and 25k is nowhere near enough to have as the bankroll of your own casino.

ReiMomo

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It depends upon which kind of feature gambling casino you will try to build. If there is a bankroll in gambling platform you want to build, for example, a dice gambling game. There's should be a big amount of BTC under bankroll, it's quite a big amount and it is very crucial when you are starting because might your investment will be lost once it is a failure.

I can't give exact amount of cost but at least you will prepare your self to that and make sure your team is ready before starting to the gambling business gambling industry.

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I think that first you have to deal with the legal aspect and solve everything regarding it.Next you would choose game providers or odd providers for your casino if you will also offer sport betting.Now the most important thing which is your capital.The higher it is the better it will be for your casino.You will also decide the return of money which your casino will provide for example 96.1% which means out of 100% of money received 96.1 will payout to gamblers.

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Personally, I don't think there is any specific amount to have when setting up a gambling casino site, as it depends on the structure you have in mind or platform willingly to offer.
If you intend to setup a low quality casino gambling site, it will cost less. However, if its the opposite then it will cost more. I think this paramount.

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Quote from: Debonaire217 on April 03, 2020, 10:58:54 AM

This is quite complicated, you need tons of experts in order to create your own gambling casino online. But my advise is that, for the case of developers and programmers that will build the website, you can seek for those who created gambling sites that are working now. Though, you might need to pay a little higher for it. You might need a data privacy officer here, just like what the other's providing, a lawyer, but I think a purely experienced gambling site developer has already a knowledge about it, you might just need to research some information regarding your country and submit it to the one responsible.

I don't really have a concrete idea but just providing my suggestions for me to help you here, what about contacting customer care of some gambling sites and ask them about it?

A little bit of research will really give you everything you need to set-up a gambling website. What's really needed here is the capital, I see some new startup gambling website's that have 10-20BTC as a capital on their bankroll, and I think they need more than that considering that making the website itself and buying programs will cost a lot and dealing with papers too. But as long as you have the budget there's no more problem. If the OP posted his ideal budget maybe someone will going to give a precise advice to that.

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This is quite complicated, you need tons of experts in order to create your own gambling casino online. But my advise is that, for the case of developers and programmers that will build the website, you can seek for those who created gambling sites that are working now. Though, you might need to pay a little higher for it. You might need a data privacy officer here, just like what the other's providing, a lawyer, but I think a purely experienced gambling site developer has already a knowledge about it, you might just need to research some information regarding your country and submit it to the one responsible.

I don't really have a concrete idea but just providing my suggestions for me to help you here, what about contacting customer care of some gambling sites and ask them about it?

Ryker1

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Well, perhaps all replies are enough for you to understand how much the possible cost if you are making and building an online casino using Bitcoin or other cryptocurrencies. I have a suggestion for you, --you can hire an expert person about this and a lawyer to guide you when you are requiring a license for your gambling brand. Every country has its own jurisdiction and as a lawyer, they are the only one know this.
Indeed, just always spare a big amount of money when you are planning to have a business, you don't know what will the circumstance perhaps will happen.

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Quote from: Sp0ngelele on April 02, 2020, 07:03:18 PM

if i have 25.000$ and new idea for a game i can start?

Some of users saying that is enough amount for start casino business. But I will suggest don't start with such as amount. Perhaps this amount is enough to build and run your platform but this isn't enough to continue serving. Especially you need a good amount of Bankroll even you may gather it from your friends or partner. On the other hand you are unable to earn money instantly from your platform without advertising. Believe me, there is some press release agency who publish article on different crypto related news portal sites, they will ask more than $25K for publishing your articles. Although it's not mandatory but you have to go some other advertising platforms otherwise. So start with more good amount.

Quote from: cabalism13 on April 03, 2020, 10:05:33 AM

out of my curiosity do these online casinos have to be affiliated to some exchange before they can add up some cryptocurrencies to their platform?

Not necessary, gambling platform just use payment getaway from some other wallet like Coinpayments or they would create their own payment getaway to receive cryptocurrency.

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Quote from: harizen on April 02, 2020, 06:10:24 PM

Before giving you some sort of "figures", do you know where to start?

Hey there, actually now that we've been speaking of this costs and things to start a casino,... out of my curiosity do these online casinos have to be affiliated to some exchange before they can add up some cryptocurrencies to their platform? Well making a website is the only thing I know but how it works are really out of my mind... especially when it come to bankrolls. Is this something like making an Online Game like RPGs?

might be out of the topic so excuse me, although I know it is all about the costs,...

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Quote from: imstillthebest on April 03, 2020, 08:24:10 AM

Quote from: freedomgo on April 03, 2020, 06:37:36 AM

Cost of making a casino is not a lot, but the cost of running a casino would require a lot of money.
Your purpose is to be successful being a casino owner, therefore you need to compete with the number of established casino in crypto and that entails money as advertising plays a very big role, without good advertising, you will not be able to entice gamblers to play on your site.

yeah ads help but not just pure ads . you also need to make sure that your site is honest and can provide if what is written on the ads because i notice that many gambling site have a missleading ads .

i think that is greediness and will make your reputation at risk because people will not stay and worst is they will report you for being missleading . making a casino can be costy or not depending on the maker but if you want to make a good gambling casino , then you must be willing to spend alot .

Also, the ads can give you a hint what is the rate of the casino about their prices rate and some of those advertisements is good because you can make easier knowing how much do you spend before playing to their casino also it is good to have a background check about the things happen to the casino if it has a good service fast exchange and also it has a good game to make more attractive to their users because most of the time it is good to be knowledgeable about the things before we get started also one of the important things is the reputation of the casino because it is more comfortable to play if you think you are safe and secured while playing.

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Quote from: freedomgo on April 03, 2020, 06:37:36 AM

Cost of making a casino is not a lot, but the cost of running a casino would require a lot of money.
Your purpose is to be successful being a casino owner, therefore you need to compete with the number of established casino in crypto and that entails money as advertising plays a very big role, without good advertising, you will not be able to entice gamblers to play on your site.

yeah ads help but not just pure ads . you also need to make sure that your site is honest and can provide if what is written on the ads because i notice that many gambling site have a missleading ads .

i think that is greediness and will make your reputation at risk because people will not stay and worst is they will report you for being missleading . making a casino can be costy or not depending on the maker but if you want to make a good gambling casino , then you must be willing to spend alot .

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A lot? It could start at a bare minimum of $15k to $20k I think. But tbh, money isn't really an issue since that's one of the most easier problems to resolve. You'd probably encounter walls during the establishment of the casino itself, mainly on reputation and the like. The coding and the games that are played can easily be resolved, again, with money, but reputation could be quite hard to come by. Even if you hire people to advertise your casino all over the internet, as long as a few honest reviews popup that gives your site a bad image, then it'd be pretty bad IMO. It'd take a lot of time for one casino to be famous ngl, and no amount of money could probably help you with that.

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Cost of making a casino is not a lot, but the cost of running a casino would require a lot of money.
Your purpose is to be successful being a casino owner, therefore you need to compete with the number of established casino in crypto and that entails money as advertising plays a very big role, without good advertising, you will not be able to entice gamblers to play on your site.

KrisAlex18

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I really don't know the exact amout that will be needed to create gambling casino, both online gambling and real life gambling but on thing for sure you will be needing a huge amount of money to create one.

There are so many process that you need to do before creating a gambling, if you are planning an online gambling you will need, programmer, software, marketing strategy, gambling license and ofcourse money. If you are planning a real life casino then you should have a good place, enginners, architects, other professionals to complete the buildings for the casino.

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Quote from: adzino on April 02, 2020, 06:28:53 PM

Quote from: Sp0ngelele on April 02, 2020, 05:57:36 PM

Hi guys, what is the cost of making gambling casino based on btc?

Do you want to make a gambling casino?
If you are, then I would say you aren't ready at all to make one. If you would be ready, you wouldn't ask a question like this. You would have already been prepared, with list of better questions.
Yeah, it is going to cost you a lot. You can buy one of those scripts to lower your cost, but trust me, no one is going to play over there. And don't forget about the bankroll. The bankroll is going to define how successful your casino is going to be. No one ones to bet on a casino with a max win of only 20 bucks.

Maybe he's just wondering how much is needed for him to invest for a gambling casino, the reason he asked in this thread is because he have no idea about that. It doesn't mean that if he is willing to invest for something he already know what to do. That's the function of this forum, the main function of this is to share knowledge and brainstorming about what is happening in the cryptocurrency and the society. You're promoting crab mentality here, you already make a conclusion about his willingness to invest. If you really want to invest for a gambling casino, seek more information before doing it so, know the risk, the advantage and disadvantage of it so that you prevent losses and being bankrupt. You should learn to manipulate gambling and how it works so that you will not have a problem handling it with your own.

Sadlife

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Depends on the scope of the gambling like games to that it offers and functions like live chat, online support, design and there are thousands of developers competing with each other so it really depends on the company or dev. Mostly it cost atleast $20,000-$30,000.

If you want to make a canvas to truly estimate the price head over to the services section or go to upwork or freelancer.com and talk with the professionals.

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Using $25,000 to making gambling casino with only 1 gambling game is enough. You need to choose the games to be added to the sites, and I hope you can choose the popular gambling games. Perhaps, you can add dice, roulette, card games, but you can add dice games because people would like to test their luck in the gambling games. After the site is ready, you need to make a thread to introduce your website to people, and you can use social media to attract more people to visit your site and play the games. There is a lot of things that you need to do to get the members.

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Quote from: Meowth05 on April 02, 2020, 10:56:23 PM

Quote from: harizen on April 02, 2020, 06:10:24 PM

Before giving you some sort of "figures", do you know where to start?

You should consider this comment, for me you don't have to use a lot of bitcoin to start a casino, you can use other people's money, don't get me wrong what I meant is get some investors, present the project to them, pitch the price for investment, give them the sweet spot profit (not too low % and not too hgh % or they will think its a scam). Like what Robert Kiosaki said, "Only lazy people use their money".

It is better to ask potential investors first rather than settle for what you have and ending up having a substandard casino site, where you will earn very little because the competition is already very tough.

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