Topic: Do these gambling sites make good money? - page 3. (Read 621 times)

The money will not come so easily because if one can make a big money with low investment then a lot of people would have opened casinos instead of gambling. Every business has its own risks and competition so if you want to succeed then you should overcome those issues first. You need a good team, money and marketing knowledge to survive in this competitive business to make money otherwise you may not make so much money.

Making gambling websites there are many decisions that you will face. Are you ready for a loss factor at the beginning or can website security be guaranteed? because everything is done automatically and if security is not optimal, there will still be potential hacking cases. make sure you have an experienced developer team. make sure the budget and preparation are done carefully. Will it make profit? so far more gambling websites have profit compared to losing. and also capital will be very important in this part.

Online gambling industry is a rising industry, every year more people choosing online over land based casino. It`s profitable, they wouldn`t done it if it`s not, but not all of them are making serious profit. We need to separate online fiat gambling websites and online crypto gambling websites. The first online casino was in 1994, first bitcoin casino came in 2011, now you see a difference. To run any business you need a big bankroll, more you have easier it is, you need to invest in security, casino bankroll to attract big players, marketing, games, if you do everything in the right way you can make profitable business. I agree that major casinos are making money, but there are a lot of small ones who are trying there best to grow. In my time here I have seen many casinos come and go, but some casinos last for years and they will be here in the future.

Online casino and gambling website are the most profitable business these days. You just have invest in the creation of a site and deploy different algorithm in it and there you go. With less capital, the gambling site is ready and as you know it is so much profitable as the site always win the major portion of the games.
The only thing here is the competition, as there are many new gambling sites being created and those are in competition of giving good bonuses or do advertisements to make themselves different and prominent from others.

Dice gambling sites are overrated but online casinos and sportsbook will always make money in the long run. The other problem faced is the huge amount of work done to set up these gambling sites. You need a huge capital to pay up the winners with a 24/7 support system and you need to obtain a gambling license.

These casinos deserve to make a good amount of money, they are providing a enjoyable experience to their players.  A lot of work goes into creating an online casino that often goes unappreciated, just the customer support alone is a lot to deal with.  Casinos also have to undergo a large risk when they are first starting out, it takes awhile to become profitable.  

I think that it's hard to compete with the current market but it's harder to introduce a new type of gambling game, and make people prefer it over the traditional gambling games unless your new game is dumb and allows people to make money easily which will lead you to bankruptcy, btw. These days, it kind of comes down to the little things.

When it comes to the type of games, you will most likely not end up having with a new game that people will actually play. It's in the service where the competition actually starts. Responsive customer service is the key these days. Gambling sites and also trading sites usually have a bad customer service. Of course there are some that have a responsive team and because of that, they are the ones that have the most players. Gambling sites are services at the end of the day, and people will not only rate you for the game but also their experience on how you handled their technical problems.

A gambling site can have a good ambiance and community that makes people enjoy the game, but if their customer service is bad, then the gambling site overall will be considered as bad right away. You need a team that can sort out problems as quick as possible otherwise people will start posting about their bad experience and that will make newcomers refrain from starting to bet in your site.

tl;dr: It's not just the game, but also the service (since gambling sites are offering a service at the end of the day).

Nah, since there's already a lots of competitions Booker's needs also to have a good initial investment to provide attracting promotions, and a wide range of gambling games, in terms of profits, well it's a big money involve as if the site caters almost or all the games where gambling offers, pocketing big profits when system brings good service.

Just imagine the amount of money they get from a number of their players on a daily business. The numbers are big!

I can't agree to the low investment part tho. It requires a big amount of money to build up a good gambling site that can compete with the existing ones.

It will be hard to get to that level at first tho but with good marketing strategy and a good site, there will be a good number of people playing in their site in no time.

Nah, I don't think it is a "big money" with "low investments" since not all of the gamblers gambling at that certain gambling is losing. You still need a great amount of capital for that kind of business.

Gambling sites requires a great capital, as I said, not all of the gamblers of that certain gambling site will always lose, they also wins. And not all of them will be gambling it all the way, they will be stopping as they hit a good amount or take back some money, there are a lot of smart gamblers not all of them are just addicted.

Such information will never be announced and nobody will say how much money gambling sites make. But taking in view that such kind of business is blossoming I can say that it's big money with low investments.

Creating a new gambling site isn't a bad idea but be sure that the game you would launch is somehow unique which it can possible get a piece of share of the entire gambling industry of crypto and yes,it might be saturated but still always a chance but if you would just stick into games like Dice/sports/casino games then its better not to proceed at all.If you do try to look up on the current competition in the market then it would really really be tough.

The websites that do make a lot of money are the trusted ones. We have a lot of gambling casinos but only the major ones are making real money. The major ones are those who process payouts instantly and also the deposits, are trusted by the players , have a low house edge and a lot of beautiful graphical slot machines with even more addicting bonus games.

You need to have a lot of Bitcoins as initial capital to start this venture in order to be prepared to payout any whale who might happen to play in your casino. Don't worry even if you lose in the beginning as the house edge will set thing in your favour during the long run.

Yes they do, they are many people that are addicted to gambling that is why these gambling sites shows up everywhere. Gambling sites owners know that most people want to earn some quick bucks so they give what people want. Gamblers on the other side just make those gambling sites rich because of their bad habit. Until they will be contented on what they earn and don't realize they are just throwing their money gambling sites won't stop to operate.

It is a serious job that I can tell. Not as easy as creating a wordpress blog. You'll need a solid security guy who fixes bugs for you and keeps stuff updated, an accountant and possibly a lawyer when people start to sue you for not being honest;) Losing money is never easy, some people just won't accept it.

You'll probably need a psychiatrist too to keep your mental health.

building a gambling site is profitable because there are many people which want to play the games with money involved. they want to see how their luck will work with them and they can make money from the gambling games. but we don't know how much gambling site will earn the money unless we try to create a gambling site which will need a lot of money to start. it will more difficult to be a good gambling site because we need to build trust with the gambler and they will recommend the gambling site to their friends and more customer will come to the gambling site.

Having a great trust is hard for a lot of gambling sites. As far as I know there are a lot of gambling sites on the internet but just a little of that huge total numbers are known because of the trust and the popularity to the gamblers.

For me, Gambling sites are earning a lot of money out of these cryptocurrency gamblers since they are still functional as it is. There are even a lot of campaigns still investing on advertising their sites makes it more proof that they are earning a lot of money.

Big improvement on gambling sites, especially if we are talking about the crypto gambling sites here, I think the way they earn money within their customers are definitely unknown or private, but in my guess, I probably think that the percentage of what they are getting to their gamblers is huge, and at the same time being FAIR within their games.

I agree with you that crypto betting will become increasingly more popular overtime because crypto has the scope to revolutionize all of the betting industries with crypto taking over as the adopted payment method.

It will be worth trying to create one if you will put a hard dedication to do that. What I mean here?

- You will spend lots of money. When I say "lots" it means a "lots". No time for joke budget.
- You must have a big bankroll. Again no time for joke bankroll.
- You must hire a good and professional person to made up your team. IT'S A MUST.
- You will do anything just to make your site popular.

Generally it's all about money. How much would it cost? Just think of how much would you spend just for advertising. It needs to be aggressive and not just a simple and plain marketing. Do the math for other spendings.