Topic: Do you think coming up with new gambling site is risky? (Read 2684 times)
To minimize risk, also make sure you base your servers/website in a gambling friendly country like Costa Rica, Antigua or whatever country .io is.
Unless you build a solid, secure, innovative, quality and provably fair website with enough money in your pockets it could still be risky, but less risky than without these ingredients.
A part legal question, the risk depends on how much money and effort you invest to create your idea.
Higher is the investment, higher is the risk of s loss....but higher is the possibility to create a stunning idea....
Of course the gambling site market is over nowadays, but is true that the site that really rocks today are always the same from years.....so with a great team of Devs, with a new idea and with a big investment in promotion (specially on how much trustable and fair is your site) you can take some risk but you can also increase the probability that your site could survive for time.
Higher is the investment, higher is the risk of s loss....but higher is the possibility to create a stunning idea....
Of course the gambling site market is over nowadays, but is true that the site that really rocks today are always the same from years.....so with a great team of Devs, with a new idea and with a big investment in promotion (specially on how much trustable and fair is your site) you can take some risk but you can also increase the probability that your site could survive for time.
I dont think there will be problem to their site. Although that site doesnt prove that they are legal
There should be problem at the future but Bitcoin gambling business is still new and government take no time to find out who is responsible with the site even if it is illegal but in fiat gambling business then this will be different because government doesn't allow any illegal gambling going around
I don't think goverment will ever be able to control websites. There might be websites that willingly become heavily regulated to give a peace of mind to to those with more traditional views, but as time goes on, more and more privacy will be delivered into the protocol and websites will be fully decentralized and trustless.
well sadly to say the government can control all your online traffic. if there is a need, they can stop u from using or access to certain places. of course there is way to bypass it but if they r really on the balls, they can even block it or restrict u to certain sites.
I dont think there will be problem to their site. Although that site doesnt prove that they are legal
There should be problem at the future but Bitcoin gambling business is still new and government take no time to find out who is responsible with the site even if it is illegal but in fiat gambling business then this will be different because government doesn't allow any illegal gambling going around
I don't think goverment will ever be able to control websites. There might be websites that willingly become heavily regulated to give a peace of mind to to those with more traditional views, but as time goes on, more and more privacy will be delivered into the protocol and websites will be fully decentralized and trustless.
A great way to reduce risk is to use the MoneyPot platform. You can quickly set up a new site, backed by over 100 BTC of investor funds (at the moment) and you get guaranteed returns on all player bets through your site, win or lose.
haha although you are trying to advertise your business but it is really very true indeed. although winnings will be lower as mp takes a porportion of it, but the benefits they bring is quite huge. many ppl r interested in reasonable size of bankroll so new startup is very quite to achieve that on its own.
Not trying to advertise it so much as post honest information. I wouldn't suggest it if I didn't stand behind it 100%, and I'd have said the same thing regardless,
. Far too many sites pop up and crash in a short period due to insufficient bankrolls or other complications. A great way to reduce risk is to use the MoneyPot platform. You can quickly set up a new site, backed by over 100 BTC of investor funds (at the moment) and you get guaranteed returns on all player bets through your site, win or lose.
A great way to reduce risk is to use the MoneyPot platform. You can quickly set up a new site, backed by over 100 BTC of investor funds (at the moment) and you get guaranteed returns on all player bets through your site, win or lose.
haha although you are trying to advertise your business but it is really very true indeed. although winnings will be lower as mp takes a porportion of it, but the benefits they bring is quite huge. many ppl r interested in reasonable size of bankroll so new startup is very quite to achieve that on its own.
yah a new gambling site needs really a very good pool to attract ppl, and becuz mp is tapping on that to provide such a service, i think it is a win win situation for both parties.
A great way to reduce risk is to use the MoneyPot platform. You can quickly set up a new site, backed by over 100 BTC of investor funds (at the moment) and you get guaranteed returns on all player bets through your site, win or lose.
haha although you are trying to advertise your business but it is really very true indeed. although winnings will be lower as mp takes a porportion of it, but the benefits they bring is quite huge. many ppl r interested in reasonable size of bankroll so new startup is very quite to achieve that on its own.
A great way to reduce risk is to use the MoneyPot platform. You can quickly set up a new site, backed by over 100 BTC of investor funds (at the moment) and you get guaranteed returns on all player bets through your site, win or lose.
the success will depend on the new features that you will have on the website and the games that you will have
...and don't forget that promotion or ads plays a big part in the succes of any site out there.Without a good promotion or ads, site will be unknown to others.
It's very seldom that a site becomes successful through word of mouth only.
It highly depends from which country you come from. When you come from the States or some European country then it is pretty risky. But when you come from some East European countries - Russia, Romania and Ukraine for instance, or Malta - then risk is calculable.
yah i agree the country u r in is very risky. i rmb there is a lot of cases whereby the owner setup sites and den later after about half a yr to a year need to close down even if it is profitable due to the change in country policy.
Living is risky
Depends what are you going to build, how, to whom, and when. Depends on your marketing budget and operation - you can succeed, just need to know what are you going to face first.
Anyhow
Good luck
Depends what are you going to build, how, to whom, and when. Depends on your marketing budget and operation - you can succeed, just need to know what are you going to face first.
Anyhow
Good luck
Its all about creating something new and marketing it well in my opinion. If you just come out with another lame dice site theres nothing setting it apart from the others who have more established sites already. I'm just going off of what attracts me to certain gambling sites. Its gotta be something new or have a nice sleek look or something.
the success will depend on the new features that you will have on the website and the games that you will have
you need not have new features to attract ppl, you need to have good promotion/ marketing. to be honest, most of the site is almost the same, it is how they promote and how they advertise their site that makes them more profitable.
the success will depend on the new features that you will have on the website and the games that you will have
It highly depends from which country you come from. When you come from the States or some European country then it is pretty risky. But when you come from some East European countries - Russia, Romania and Ukraine for instance, or Malta - then risk is calculable.
I don't know about providing a new site unless it is completely transparent and novel. It would probably be a better option to find a trusted site that's already established that accepts investments if profits are all you're after.
There's no more market for bitcoin gambling to be honest. What with moneypot essentially giving away a free and easy to use and understand premade casino.
If you have a large bankroll, you can easily make profit. But usually you'll have to hear the Kelly criterion, and if you have a small 1 bitcoin bankroll, the max bet will be tiny.
You also have to establish a strong reputation so people feel safe with their money in your hands, because they don't want their coins to be stored in a man's 8 year old laptop.
If you have a large bankroll, you can easily make profit. But usually you'll have to hear the Kelly criterion, and if you have a small 1 bitcoin bankroll, the max bet will be tiny.
You also have to establish a strong reputation so people feel safe with their money in your hands, because they don't want their coins to be stored in a man's 8 year old laptop.
The factor of risk will always exist wither it is online or offline business.If you want to come up with gambling site all depends how to manage and what you offer to players to convince them to play there.
I have seen many sites are running successfully all you need is better marketing and good offers to succeed in this field.Marketing is key to success in every business especially in gambling business of online sites.
Do you think coming up with new gambling site is risky?
If one have funds is it enough or any other things need to consider before starting new gambling site?
If one have funds is it enough or any other things need to consider before starting new gambling site?
every investment is risky. so making up a new gambling site is investment.
it is risky. if you really want to make one. you should be the most unique gambling site,a lot of advertisment and givaways to build your trust.
so people will check it and not compare you to other gambling sites.
considering theres a lot of gambling site nowadays. or else no one will even gamble on it.
because why gamble in a new site if theres a lot more trusted site.
I think it is very risky coming up with new gambling site.You should be prepared and aware of all the unexpected obstacles and situations before stepping in this filed of online casino business.
I dont think there will be problem to their site. Although that site doesnt prove that they are legal
There should be problem at the future but Bitcoin gambling business is still new and government take no time to find out who is responsible with the site even if it is illegal but in fiat gambling business then this will be different because government doesnt allow any illegal gambling going around
But there is no way that government will find out who is behind all this thing because first it was annoymous when you played on gambling. And the second thing you can't prove it if the site is his or her. That is so many thing that he can do like send all his fund to address mixer so he can't be traced anymore
The competition in online gambling sites is becoming tougher and more serious now.There were many gambling sites appeared throughout the year and disappeared.If you have good plan with attractive marketing/promotions and competitive odds/services still you have chance to survive in any case risk factor will always remain the same.
I will play on the new site but only with a few btc
if i am playing big i would go for some else more trustful on the forum
if i am playing big i would go for some else more trustful on the forum
What will you do to this forum if you have big balance? As I can see everything in here is section is all about gambling so whether you have small balance or big balance one thing that you can always do that is gambling to get some profit or to lose it
I dont think there will be problem to their site. Although that site doesnt prove that they are legal
There should be problem at the future but Bitcoin gambling business is still new and government take no time to find out who is responsible with the site even if it is illegal but in fiat gambling business then this will be different because government doesnt allow any illegal gambling going around
It may risky if the gambling site has no proof of legal business and if the site has no active support.
And also for security if all of this is none may your account will scam or your funds will stuck just like other..
And also for security if all of this is none may your account will scam or your funds will stuck just like other..
I dont think that there are many gambling site that have proof that their are legal business. May be some of them have this kind of proof but mostly many sites dont have this kind of thing but people still coming to their site. As long as the withdrawal, deposit and their support is good enough to maintain the site. I dont think there will be problem to their site. Although that site doesnt prove that they are legal
The new gambling sites usually do not have the clarity that is awake and trust that speckle tested. but there are advantages new site, they always give an enticing promos. but the choice is yourself. I hope this helps .
Any new business to start will have there own risks like that in gambling also you will have a risk until you attract gamblers to your site.
The competition is brutal. Daily, more and more people get invested in the Bitcoin gambling game because they know it's the future, but you have to bring something new to the table, so you either are really creative with your site like the Battlecoin game, or you offer really tempting offers in terms of chances to win, free entry credits etc.
It is risky but you can make a good profit if you do some good marketing and have some clarity of your business
A fast gambling site with some good partners should gain enough trust for newcomers try and participate.
It's never impossible to make money with a new product/site.
A fast gambling site with some good partners should gain enough trust for newcomers try and participate.
It's never impossible to make money with a new product/site.
Do you think coming up with new gambling site is risky?
If one have funds is it enough or any other things need to consider before starting new gambling site?
If one have funds is it enough or any other things need to consider before starting new gambling site?
Advertising and promoting the site is going to cost you a lot of money... You need tons of funds to start with.
If the site has information about the owners, address etc.
Then why would it be dangerous? if they are some anon company from east europe or have a domain protection, no I would not consider even betting 1 satoshi.
Then why would it be dangerous? if they are some anon company from east europe or have a domain protection, no I would not consider even betting 1 satoshi.
It would be kinda risky as someone could come at the start and make you lose all your bankroll, or no one will come and bet and you will lose your money that you spend on the site,e.t.c
You could use moneypot.com's api so you will 100% profit off it.
You could use moneypot.com's api so you will 100% profit off it.
It may risky if the gambling site has no proof of legal business and if the site has no active support.
And also for security if all of this is none may your account will scam or your funds will stuck just like other..
And also for security if all of this is none may your account will scam or your funds will stuck just like other..
I will play on the new site but only with a few btc
if i am playing big i would go for some else more trustful on the forum
if i am playing big i would go for some else more trustful on the forum
i would rather stick to the old one unless they can really prove powerful trust .
You could try and use the moneypot.com API so you won't have to invest in a bankroll and security will be taken care of, so you won't need to invest an enormous amount of bitcoin to start your gambling site.
However, if you want to start a gambling site, you'll have to think of a unique idea, not just dice, as there are plenty of dice sites around and making a dice site probably won't attract many users, as why should they use your site if there's so many other dice sites around?
If you can get a solid user base, you'll make money for sure. However, in order to obtain a lot of users, you'll have to buy advertising and hold giveaways.
Good luck!
However, if you want to start a gambling site, you'll have to think of a unique idea, not just dice, as there are plenty of dice sites around and making a dice site probably won't attract many users, as why should they use your site if there's so many other dice sites around?
If you can get a solid user base, you'll make money for sure. However, in order to obtain a lot of users, you'll have to buy advertising and hold giveaways.
Good luck!
i guess it depends on how much money are you willing to invest into the website and how successful you will be with the casino, because of that i believe that its always very risky if you put in a lot of money because you might end up with 0 if no one plays
Do you think coming up with new gambling site is risky?
If one have funds is it enough or any other things need to consider before starting new gambling site?
If one have funds is it enough or any other things need to consider before starting new gambling site?
Man, listen to me. It is very important to have a very large bankroll in case of many winnings from the user, but at the same time you have to increase so much security on your website. Every user have to deposit its bitcoin and withdraw it without any problem ! In this way, you'll be considered trusted, in other way maybe you'll have some problem.
in my opinion it is very risky to be honest, if you really want to do this you have to somehow be sure that you will manage to attract a lot of players to your website who would loose their bitcoins to your casino, if you will not do it you will most probably make no profits
taking into account and analyze the situation, of course, although, under certain investments and for initial bonuses and promotion , but of course the success of the sponsorship and the percentage of return, although beautiful sheath will not prevent
professional approach, although with luck no cost and ease of maneuver and the reasons not , not an obsession, but not dirty hands
professional approach, although with luck no cost and ease of maneuver and the reasons not , not an obsession, but not dirty hands
you will definitely have to find out how to make a new and different website in order to attract a lot of people to it and make money from people who would play it thats one of the hardest thing to do when you start a new gambling website in my opinion
Yes, if any one planing for new gambling site than think of some thing new which can attract the crowd instead just coming up with same old dice site again. If you follow all the guidelines to register your new gambling site than there shouldn't be any risky and also you need to have quite a lot of funds to support you're new site.
I think not just only new games but those games should attract gamblers attention. Just see every one knows dice we can't make money but many people still play dice games like that new game also should attract people than it will be very good opportunity to make lot of money from the new site.
you will definitely have to find out how to make a new and different website in order to attract a lot of people to it and make money from people who would play it thats one of the hardest thing to do when you start a new gambling website in my opinion
Yes, if any one planing for new gambling site than think of some thing new which can attract the crowd instead just coming up with same old dice site again. If you follow all the guidelines to register your new gambling site than there shouldn't be any risky and also you need to have quite a lot of funds to support you're new site.
Do you think coming up with new gambling site is risky?
If one have funds is it enough or any other things need to consider before starting new gambling site?
If one have funds is it enough or any other things need to consider before starting new gambling site?
Well as for any other business, having money is not enough. You need to consider what type of offer you have, and is it goes to what the market need.
Is there any type of gambling that is not being explored yet?
If you are going to invest on the same offers that are already present, can you do a good job in marketing to be able to create a good player base?
I think creating a gambling site is very risky, but if you do it well it's worth the shot, because it will be profitable, since gambling will never end.
Exactly! Newer gambling site might have to massively advertise the site to attract not just attention but loyal players. Bringing players to your house is very challenging. One that I could suggest that would work is simply supporting a altcoin to where you can give the coin away for your gambling site, this way you could have players mining this particular coins.
Do you think coming up with new gambling site is risky?
If one have funds is it enough or any other things need to consider before starting new gambling site?
If one have funds is it enough or any other things need to consider before starting new gambling site?
Well as for any other business, having money is not enough. You need to consider what type of offer you have, and is it goes to what the market need.
Is there any type of gambling that is not being explored yet?
If you are going to invest on the same offers that are already present, can you do a good job in marketing to be able to create a good player base?
I think creating a gambling site is very risky, but if you do it well it's worth the shot, because it will be profitable, since gambling will never end.
Today there are such a varioty of games and casinos to choose from, that i don't see how you would be able to pull off a profitable
business there. It would really have to be something new and interesting, otherwise you would just lose all the money you spent on trying it to work.
business there. It would really have to be something new and interesting, otherwise you would just lose all the money you spent on trying it to work.
Maybe not. I know plenty of people who take turns betting on different websites - it doesn't make too much sense, but whatever floats their boats. Overall, as long as you promote it well (via BitcoinTalk ads, signature campaigns, and other ads that target bitcoin users), it should start becoming large.
As an answer to the question, it's definitely risky. It's as much of a gamble to you as to your users. Some days you'll lose 10+ bitcoin, others you'll win 20+ bitcoins. It all bases on luck, but as long as you have a decent house edge, you'll end up with profit in the long run.*
*But only if you have at least 100+ bitcoins for the original bankroll.
I would imagine that there will need to be a lot of planning involved, securing of some cold bitcoin and making sure you have the correct licenses in place. To be honest you would be better off investing your money as there are far too many sites.
you will definitely have to find out how to make a new and different website in order to attract a lot of people to it and make money from people who would play it thats one of the hardest thing to do when you start a new gambling website in my opinion
new and different doesnt always work, if no one has done it yet, it means one of two things, either no one has though up of it, which is unlikely with the number of people that may be thinking about these sorts of things, or there isnt a market for it, and would be a waste of time even if it was made.
you will definitely have to find out how to make a new and different website in order to attract a lot of people to it and make money from people who would play it thats one of the hardest thing to do when you start a new gambling website in my opinion
Coming with a new gambling site is a good thing, but you just need help from people.
If you think that you can do it why just not do it. When you are starting and earning money than I think it will be worth it.
If you think that you can do it why just not do it. When you are starting and earning money than I think it will be worth it.
life is a risk and you know gambling has a very big risk. if you really want to do so you must be prepared everything that will happen.
Yes, staring a gambling site must be riskier than gambling in my view. Before earning, you need to spend a lot for making your site more popular. You will need to have a niche game, but, it will be very hard to come up with a particular game that will draw the attention of people.
Today there are such a varioty of games and casinos to choose from, that i don't see how you would be able to pull off a profitable
business there. It would really have to be something new and interesting, otherwise you would just lose all the money you spent on trying it to work.
business there. It would really have to be something new and interesting, otherwise you would just lose all the money you spent on trying it to work.
Do you think coming up with new gambling site is risky?
If one have funds is it enough or any other things need to consider before starting new gambling site?
There's risk involved in every business! if you come up with something new and unique you might have a chance to stand and your promotions should be solid. If one have funds is it enough or any other things need to consider before starting new gambling site?
Every investition is risky, starting a new business is risky...so better believe in what u are doing, and give as much time, energy, money... u have and maybe u will succeed, maybe not. Point is that u will never know if u dont try. And dont listen people who tell u to not do it, too risky, too hard, too many casinos. Find your way and push it to the limits. Also u have topics here where u can read what people like, what people hate, in which things people enjoy.. read it and use it. Good luck in what ever u choose, and if u make that gambling site call me to try it.
Do you think coming up with new gambling site is risky?
If one have funds is it enough or any other things need to consider before starting new gambling site?
There's risk involved in every business! if you come up with something new and unique you might have a chance to stand and your promotions should be solid. If one have funds is it enough or any other things need to consider before starting new gambling site?
it depends on how much you will invest into the gambling website if it will be unpopular among the other people you will surely loose money if you invest a lot the website has to be new and interesting
Simple it back to your lucky, if today is your lucky day you will win but if not it's not your time.
Remember all gambling is risky very risky, from start you join there.
Remember all gambling is risky very risky, from start you join there.
life is a risk and you know gambling has a very big risk. if you really want to do so you must be prepared everything that will happen.
Yes, staring a gambling site must be riskier than gambling in my view. Before earning, you need to spend a lot for making your site more popular. You will need to have a niche game, but, it will be very hard to come up with a particular game that will draw the attention of people.
Sure, starting/creating a new gambling site is risky and you could fail miserably if you don't know what you're doing. Hell, you can even fail if you DO know what you're doing.
But if you do things right - web design, security, marketing, customer service/support, segregating player funds from operating funds, etc, etc and you succeed, you stand to reap fnck tons. Easy(-ish) money.
But if you do things right - web design, security, marketing, customer service/support, segregating player funds from operating funds, etc, etc and you succeed, you stand to reap fnck tons. Easy(-ish) money.
yes, I think the new gambling site is not fully reliable, it could have been the site of fraud and could be played on the site can be a big risk, so to start gambling on the latest gambling site better invest with little money or with little bitcoin
You need to establish a base of clients so that there is a constant 'cash' flow.
life is a risk and you know gambling has a very big risk. if you really want to do so you must be prepared everything that will happen.
I think that the BTC gambling ecosystem is basically saturated at this point. Unless you have some new type of game that comes in that is fair and run by honest developers it's very difficult to get one of these started. Not to mention bankrolling a site and security on site are likely very inportant for the well being and longevity of any gambling site.
You are likely better off not bothering.. Unless you have a brilliant idea and a very well built and honest development team.
You are likely better off not bothering.. Unless you have a brilliant idea and a very well built and honest development team.
Totally agree. You have to have some niche product in order to
attract people to leave their current site and play at yours. Having
a new cool different game is key.
There are lots of gambling sites, each of them with lots of games for people to compete with. I don’t think coming up with a particular game will attract any attention, all you need to do is to advertise your site, like some gambling do advertise their website with signature campaign. You will also need to give bonus for each funded account or free faucet. There are many kind of advertising.
Investing into any business is risky as it is already. If you can manage a gambling site and got the funds for it then you could try to set this up.
You're going to need trustworthy devs though that won't try to play and cheat. If you don't have the funds, I'm sure there are people around who are interested into funding a gambling site.
You're going to need trustworthy devs though that won't try to play and cheat. If you don't have the funds, I'm sure there are people around who are interested into funding a gambling site.
Well is risky if you don't have a lot of money and if people don't trust the site.
Just make a group of people that know bitcoin and love gambling so you can make a good casino.
Start it if it is your dream to do.
Just make a group of people that know bitcoin and love gambling so you can make a good casino.
Start it if it is your dream to do.
Do you think coming up with new gambling site is risky?
If one have funds is it enough or any other things need to consider before starting new gambling site?
If one have funds is it enough or any other things need to consider before starting new gambling site?
Starting any kind of new business is risky. A successful business can bring the owner great rewards though.
You have to think of something that a large number of people want/need.
IT will still be profitable especially if you can come up with a new gambling site. I recently wanted to create one, I just don't know how to code it lol..
A gambler will just bet against another gambler to win and the only thing the gambling site do it to escrow their funds, let say for sports betting.
the gambling site just get a small percentage.Coming up with a new gambling site won’t be a bad Idea, it will be more profitable if you properly advertise it. The good thing about it is that the gambling site will help it's users by keeping keeping some funds with escrow, this way will be making easy for gamblers to gamble without being cheated.
It will not be more risk for the gambling sites since the gambling site will escrow some funds, and if in case there is any dispute, users can easily request back their funds by showing the betting steps. More complicated for escrow people as well as dispute mediators.
IT will still be profitable especially if you can come up with a new gambling site. I recently wanted to create one, I just don't know how to code it lol..
A gambler will just bet against another gambler to win and the only thing the gambling site do it to escrow their funds, let say for sports betting.
the gambling site just get a small percentage.Coming up with a new gambling site won’t be a bad Idea, it will be more profitable if you properly advertise it. The good thing about it is that the gambling site will help it's users by keeping keeping some funds with escrow, this way will be making easy for gamblers to gamble without being cheated.
IT will still be profitable especially if you can come up with a new gambling site. I recently wanted to create one, I just don't know how to code it lol..
A gambler will just bet against another gambler to win and the only thing the gambling site do it to escrow their funds, let say for sports betting.
the gambling site just get a small percentage. 
I think that the BTC gambling ecosystem is basically saturated at this point. Unless you have some new type of game that comes in that is fair and run by honest developers it's very difficult to get one of these started. Not to mention bankrolling a site and security on site are likely very inportant for the well being and longevity of any gambling site.
You are likely better off not bothering.. Unless you have a brilliant idea and a very well built and honest development team.
You are likely better off not bothering.. Unless you have a brilliant idea and a very well built and honest development team.
Totally agree. You have to have some niche product in order to
attract people to leave their current site and play at yours. Having
a new cool different game is key.
people don't like being scamming so they prefer old and reputable site, they play in a safe and secure environment and get payout well. there are so many new sites and they are not famous or reputable enough, people won't play there until the site gets enough reputation
There is always risking in doing business. Opening a new gambling site is no different. You need to worry about losing all your bankroll if a lucky whale manage to win lots of BTC and also if anynoe manage to find any exploit in your gambling site.
I do agree that all business have risks but if gambling house manages properly than mostly they will not lose their bankroll but players will lose all there bitcoins. So before starting any business one should know how to manage the business otherwise do not enter into it.
Not necessarily have to be risky ! If you have the strategies to stand out from the existing sites and use efficient marketing models ,you still can make a good amount of profit .The market right now is quite saturated but that doesn't mean they're completely failure .One has to consider the current market and formerly generate anylsis report to consider all the factors before starting a new website in the same domain .Ex :Some good game with casino style and better graphics and UI is more likely to attract customers .
Putting out new strategies or any for that matter, I consider that already as a risk. Any business that you can start out from the ground or even invest in, is a risk that you take. There's not 100% solid chance that it will succeed.
There is always risking in doing business. Opening a new gambling site is no different. You need to worry about losing all your bankroll if a lucky whale manage to win lots of BTC and also if anynoe manage to find any exploit in your gambling site.
Risk of losing your bankroll is always present, but op is referring to risk from new type of gambling site.
I would say it's less risky if you can figure out something new and interesting to attract customers, than it is to open up yet another boring dice site.
Do you have any specific ideas you want to share with us ?
Not necessarily have to be risky ! If you have the strategies to stand out from the existing sites and use efficient marketing models ,you still can make a good amount of profit .The market right now is quite saturated but that doesn't mean they're completely failure .One has to consider the current market and formerly generate anylsis report to consider all the factors before starting a new website in the same domain .Ex :Some good game with casino style and better graphics and UI is more likely to attract customers .
There is always risking in doing business. Opening a new gambling site is no different. You need to worry about losing all your bankroll if a lucky whale manage to win lots of BTC and also if anynoe manage to find any exploit in your gambling site.
Do you think coming up with new gambling site is risky?
If one have funds is it enough or any other things need to consider before starting new gambling site?
If one have funds is it enough or any other things need to consider before starting new gambling site?
there is for sure a risk part but that depends on many factors like are you coming with totally new game ?? cause people may not like your new game
when you create a gambling site like dice , roulette and slots ,,etc you need to manage your bankroll well
if you manage your bankroll the risk part will become so small , and you are investing your money in good shape
Security is everything in the gambling niche. If you fail it, you owe people's money, bot just initial investment. Timely service comes at the expense. Legal part of the question is one of the top doubts, who knows why Satoshibet is closed.
Bitcoin gambling could take more casinos, but I doubt about the income, the niche is tiny and being "sexy" (as Prof. Michael Porter like to say) it attracts too much industrialists.
security is crucial, but not the most miportant factor in the risk of creating a gambling site. given that you will have an investment in creating the site script, hosting it, advertising, etc, you need to be able to attract people to play at your site consistently. security should be a given in anything involving money though. Bitcoin gambling could take more casinos, but I doubt about the income, the niche is tiny and being "sexy" (as Prof. Michael Porter like to say) it attracts too much industrialists.
Business always has the risks but will also be profitable if you did it right, why do there are lots of people creating bitcoin gambling sites? because its a good business.
There are those who goes down of course. You should start with having a good reputation in forum though before launching it, you don't wanna end up having red trust while promoting your gambling site which people tagged it as scam because that would be a sure an uphill battle.
There are those who goes down of course. You should start with having a good reputation in forum though before launching it, you don't wanna end up having red trust while promoting your gambling site which people tagged it as scam because that would be a sure an uphill battle.
It is quite risky. Gambling sites requires large bankroll to attract gamblers. Without it, you need investors. For investors to invest in your site, you need to make sure that you are trustable and the sites do not have exploit. Primedice got hacked for a few thousand BTC owing to an exploit. Putting those aside, you need to also deal with the regulations on online gambling and Bitcoin.
you need something outstanding, i can imagine a good poker only site with online tournaments and good managing and promoting can be a great success
Do you think coming up with new gambling site is risky?
If one have funds is it enough or any other things need to consider before starting new gambling site?
If you have funds then it is even risky to hold them with you .If one have funds is it enough or any other things need to consider before starting new gambling site?
A very well promoted gambling Website (magicalDice.com) has come closer to shutdown because of their Dev's cheating with them by gambling over with their alt accounts.
However, there can also Legal issues and risks depending on which country you are residing /running the casino.
Your risk depends on what kind of gambling site you want to make. Yet another dice or "binary options" site probably not going to be successful, something with an interesting unique idea, good (and secure) implementation and great marketing will have a chance.
Do you think coming up with new gambling site is risky?
If one have funds is it enough or any other things need to consider before starting new gambling site?
If one have funds is it enough or any other things need to consider before starting new gambling site?
It really depends on the scale you wish to come out and your expectations. If you just want to make a gambling site, offer a low max payout and dont want to become a "whale's" playground then the risks are rather small. The risk would be "Making a site + a game and since the max payout is low you would not loose much, it would most likely even result in a profit).
if you wish to become a big site, now that's a whole new story. I would classify it as very risky but there's too many factors for it to lay them out here.
Every business comes with a risk. If you have enough funds you should be okay, security is a high risk that you'd need to provide for your gambling business as well as for your players. You don't wanna start a business and risk losing it.
everything in life is a risk,but with opening a gambling site its smaller risk then playing on gambling site so if you have a good bankroll you will be probably ok.
regards.
-Katerniko1
regards.
-Katerniko1
Do you think coming up with new gambling site is risky?
If one have funds is it enough or any other things need to consider before starting new gambling site?
If one have funds is it enough or any other things need to consider before starting new gambling site?
Of course its risky, everything in life has risks you cant avoid it. If you mean coming up with a totally new concept thats even higher risk aswell.
I would ask yourself what is the competative edge you are going to offer the market, why should they use you vs others.
in every business their is a risk, without risk their is no business,
in my view if you start a sports betting site will give you more benefits and profits , but for that you have to be very clever and as everyone said security system is first preferrence. but in sports no one can cheat with the bets ya but they can hack your site and steal the revenue. because sports betting is getting very famous and still their is no bitcoin sports betting exchange site like betfair.com. if you can generate then i think you will double your bankroll in 12 months.
in my view if you start a sports betting site will give you more benefits and profits , but for that you have to be very clever and as everyone said security system is first preferrence. but in sports no one can cheat with the bets ya but they can hack your site and steal the revenue. because sports betting is getting very famous and still their is no bitcoin sports betting exchange site like betfair.com. if you can generate then i think you will double your bankroll in 12 months.
Yeah I am also wondering why is sport gambling so populair now a days is because no one can cheat.
For me I don;t like playing online like dice or something with the pc. I prefer going to a casino that I see them doing it.
So that I can control them. Example poker is a player vs player game. So you can win there more.
in every business their is a risk, without risk their is no business,
in my view if you start a sports betting site will give you more benefits and profits , but for that you have to be very clever and as everyone said security system is first preferrence. but in sports no one can cheat with the bets ya but they can hack your site and steal the revenue. because sports betting is getting very famous and still their is no bitcoin sports betting exchange site like betfair.com. if you can generate then i think you will double your bankroll in 12 months.
in my view if you start a sports betting site will give you more benefits and profits , but for that you have to be very clever and as everyone said security system is first preferrence. but in sports no one can cheat with the bets ya but they can hack your site and steal the revenue. because sports betting is getting very famous and still their is no bitcoin sports betting exchange site like betfair.com. if you can generate then i think you will double your bankroll in 12 months.
Do you think coming up with new gambling site is risky?
If one have funds is it enough or any other things need to consider before starting new gambling site?
If one have funds is it enough or any other things need to consider before starting new gambling site?
When starting a new business venture whatever area that is in then you will need to take risks. If there was no risk to earning a shed load of money then everyone would do it. A few risks I can think of, you pay for a dev or team to create your site but do you really trust some random internet dev to not cheat you?
You need to have a very big bankroll not just for the site but for advertising, staff and fixes, servers etc etc The risk of the dev not really knowing his stuff and leaving an exploitable site which can be exploited and reduce your bankroll. As other said the security could be lax and may lose everything.
Spend quite some time research before jumping into anything you're not 100% about.
Gambling is part of human nature, taking risks is what humans like the most. There will always be a huge demand for this: Las Vegas is a city which lives on it. The major part is to have enough funds to start and to comply with the law, the rest is only profit because people will eventually play.
This forum is full of gambling sites and lots of gamblers come and go likewise.
This forum is full of gambling sites and lots of gamblers come and go likewise.
Yes, what you said is 100% correct. Gambling industry never goes off but type of gambling games may go out and definitely gambling houses will come up with new type of games to attract more people. But I see three things are very important is Legal issues, security and people trust. If you can provide these three correctly and other things like service oriented issues still people accept it.
Do you think coming up with new gambling site is risky?
If one have funds is it enough or any other things need to consider before starting new gambling site?
If one have funds is it enough or any other things need to consider before starting new gambling site?
This may sound funny, but coming up with a new gambling site nowadays is a gamble already. There's a lot of gambling sites out there and each have their own followers. A new gambling site is welcome but it needs to have new innovations that other sites don't offer.
Gambling is part of human nature, taking risks is what humans like the most. There will always be a huge demand for this: Las Vegas is a city which lives on it. The major part is to have enough funds to start and to comply with the law, the rest is only profit because people will eventually play.
This forum is full of gambling sites and lots of gamblers come and go likewise.
This forum is full of gambling sites and lots of gamblers come and go likewise.
I think that the BTC gambling ecosystem is basically saturated at this point. Unless you have some new type of game that comes in that is fair and run by honest developers it's very difficult to get one of these started. Not to mention bankrolling a site and security on site are likely very inportant for the well being and longevity of any gambling site.
You are likely better off not bothering.. Unless you have a brilliant idea and a very well built and honest development team.
You are likely better off not bothering.. Unless you have a brilliant idea and a very well built and honest development team.
Security is everything in the gambling niche. If you fail it, you owe people's money, bot just initial investment. Timely service comes at the expense. Legal part of the question is one of the top doubts, who knows why Satoshibet is closed.
Bitcoin gambling could take more casinos, but I doubt about the income, the niche is tiny and being "sexy" (as Prof. Michael Porter like to say) it attracts too much industrialists.
Bitcoin gambling could take more casinos, but I doubt about the income, the niche is tiny and being "sexy" (as Prof. Michael Porter like to say) it attracts too much industrialists.
Do you think coming up with new gambling site is risky?
If one have funds is it enough or any other things need to consider before starting new gambling site?
If one have funds is it enough or any other things need to consider before starting new gambling site?
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