How much does it cost to create a btc gambling site? - page 5.

Whosdaddy

hero member

Activity: 1148

Merit: 527

Quote from: bitcoinisbest on October 25, 2016, 12:25:30 PM

Very good topic.

If some of the site owners could share their experience it would benefit the whole community. May not be interested in starting but would like to know how was their journey and how difficulty moments came and still exits along with ROI?

Sharing here doesn't mean caring Tongue

, actually due to the competition in the market right now, hardly anyone will share their journey ups and downs because that will simply mean in encouraging a new site to be opened and this would obviously give them loss as the gamblers divide with each new site being created.

naidray

legendary

Activity: 1232

Merit: 1029

Quote from: iv4n on October 25, 2016, 05:01:42 PM

If you wish some simple design with few games, you can limit bets and op2n gambling site for couple thousands dollars.
On other side if you wish something more serious, you will need 100 k and plus. Yes I'm serious, even this is not enough maybe. You need to pay attention on so many things, design of the site, hosting, games, huge bankroll for highrollers, security of everything and anything on that site. And on top let's add advertising, more money you invest that is better. For good marketing you will need couple thousands.

And someone can start with one btc bankroll and hence maximum wins limited to some 0.02 or so and actually if you see the profit comes from small gamblers as they don't care much and loose whatever they have.
So, the site owner can make a moto that he will use al the earned funds for the betterment of site only.

raven7886

legendary

Activity: 1512

Merit: 1041

Quote from: 20kevin20 on October 25, 2016, 04:52:16 PM

Around $2000 just for the website. It should cost you way more though for the security, maybe around $7000 in total. What you should also remember is that you need a bankroll, maybe $10k to start with. So probably around $20k to begin a good-looking, user-friendly, secure, legit online casino.

Actually it depends from site to site and the condition of a owner, creating a site can be done with hardly one bitcoin also, if you run a moneypot powered website. While if you want to create something like primedice ( which OP gave as example ) then I cannot even imagine the efforts and money used to get that sort of status.

CasioK

hero member

Activity: 826

Merit: 1000

Quote from: Japinat on October 07, 2016, 07:58:46 AM

Quote from: olubams on October 07, 2016, 07:34:31 AM

In as much as various suggestions have been given, in my own opinion, I know its not cheap if your are ready to go longterm and also compete favorably with other sites offering the same services even with their longetivity in the business. I think what you should do is to hire someone to do you a feasibility plan of action and the cost involved then you can now decide on how to reduce it either by going crowdfunding or building teams and be ready to forfeit some profit but I must say, its really expensive...

It's true because if you have money you will just let the money work for you.

Indeed and actually no site starts rich they grow up rich as gamblers loose day by day. I think if someone is starting a site then around 25 bitcoins would be enough to start and then you can take investments too, while moneypot has made such things easy too since owners don't need their bankroll now Wink

saiha

hero member

Activity: 840

Merit: 501

Strength in Numbers

Quote from: virasisog on October 25, 2016, 08:49:58 PM

It will cost big amounts for i think it needs 10btc or more ,creating a gambling site needs a lot of work ,workers to work on different section or games in every program and at first the very hard time in a gambling site is the amount of capital you have when starting .All the expenses are there from creating to paying on advirtiser and advertisements.

10 bitcoin is just for starting capital if you really want to build a very good gambling site. Because base on my understanding, most of the gambling websites has 20-50 bitcoin capital.

And as the site is keep on running their profits are being invested again for their funds so that more and more gamblers are going to be attracted.

Because they know that the site is being established well.

virasisog

hero member

Activity: 1820

Merit: 537

It will cost big amounts for i think it needs 10btc or more ,creating a gambling site needs a lot of work ,workers to work on different section or games in every program and at first the very hard time in a gambling site is the amount of capital you have when starting .All the expenses are there from creating to paying on advirtiser and advertisements.

Rostadom

hero member

Activity: 713

Merit: 501

I think the bankroll should be at least 10 times of the maximum profit in one round. Aside from that, you also have to hire programmers, advertisers, designers, and a support team. I think that will all depend on the rate of who you are and how good you want your site to be. You can save money and study how to become all of this. In other words, you're the own who's going to create all the things necessary for your gambling site.

Seeing that you're in a signature campaign, I bet that you cannot afford to build your own gambling site unless you ask people for help or you get a huge loan.

iv4n

legendary

Activity: 3346

Merit: 1191

If you wish some simple design with few games, you can limit bets and op2n gambling site for couple thousands dollars.
On other side if you wish something more serious, you will need 100 k and plus. Yes I'm serious, even this is not enough maybe. You need to pay attention on so many things, design of the site, hosting, games, huge bankroll for highrollers, security of everything and anything on that site. And on top let's add advertising, more money you invest that is better. For good marketing you will need couple thousands.

20kevin20

legendary

Activity: 1134

Merit: 1599

Around $2000 just for the website. It should cost you way more though for the security, maybe around $7000 in total. What you should also remember is that you need a bankroll, maybe $10k to start with. So probably around $20k to begin a good-looking, user-friendly, secure, legit online casino.

bitcoinisbest

hero member

Activity: 1218

Merit: 557

Very good topic.

If some of the site owners could share their experience it would benefit the whole community. May not be interested in starting but would like to know how was their journey and how difficulty moments came and still exits along with ROI?

Japinat

hero member

Activity: 3052

Merit: 685

Quote from: olubams on October 07, 2016, 07:34:31 AM

In as much as various suggestions have been given, in my own opinion, I know its not cheap if your are ready to go longterm and also compete favorably with other sites offering the same services even with their longetivity in the business. I think what you should do is to hire someone to do you a feasibility plan of action and the cost involved then you can now decide on how to reduce it either by going crowdfunding or building teams and be ready to forfeit some profit but I must say, its really expensive...

It's true because if you have money you will just let the money work for you.

maxhor

hero member

Activity: 686

Merit: 500

I think if someone is interested to run a gambling site than it must need a unique script and a site with attractive graphics and enough funds to cover the winning amount there, I think around 100 BTC would be enough to run a gambling site with good way.

olubams

hero member

Activity: 798

Merit: 503

In as much as various suggestions have been given, in my own opinion, I know its not cheap if your are ready to go longterm and also compete favorably with other sites offering the same services even with their longetivity in the business. I think what you should do is to hire someone to do you a feasibility plan of action and the cost involved then you can now decide on how to reduce it either by going crowdfunding or building teams and be ready to forfeit some profit but I must say, its really expensive...

Viyamore

hero member

Activity: 658

Merit: 500

You'll surely need to have a big amount almost 20-30btc to start and have atleast a back up of 10btc if one player wons high amount.
But that depends on your game or you may set the highest winning amount for them to maximize your capital at first months of launch .You also need a 24/7 support to handle question a group who will protect the possible hackers that will enter and steal money from.your gambling house and the advertisers you need.

trafficolaa

legendary

Activity: 1008

Merit: 1000

I think build a gambling site which made from scratch would cost you thousands of dollars, it's not easy easy to get positive response from the players with copy paste script and cheap hosting, because security is the very important factor for any gambling to be the successful and make profit for the owner.

novemberwoah

hero member

Activity: 896

Merit: 500

To make gambling sites will cost around $ 500 to build the site. Not including paid services board gambling sites, due to build gambling sites I think need more than two people. It costs to make gambling sites but if your gambling site has many users you would gain a lot.

Herbert2020

legendary

Activity: 1946

Merit: 1137

Quote from: davis196 on October 06, 2016, 07:18:57 AM

How much does it cost to build and maintain a website like primedice (for example)?
Hosting,programming,design and advertising costs?

there is big difference between the cost for maintaining a big site like PrimeDice and support a large number of users, because for example the traffic alone requires a good hosting that will cost a lot more than a simple small dice site with 2 visitors per day.
also the security cost, the DDoS attacks, the hacks and many more need a lot more time and money.

Quote

I have an idea about a brand new bitcoin gambling game which will be completely different than the dice sites,
but i don`t know from where to start.
I don`t know if this is the right place to ask,but can anyone answer?

it depends on what your final goal is. if you want to make something medium then start small from free scripts then work on it little by little and grow it yourself.
but if you goal is a huge site then you need a team of developers if you are not good at it and that will cost a lot.

Positid

sr. member

Activity: 378

Merit: 250

BULL RUN until 2030

Quote from: pocarime32 on October 06, 2016, 11:10:14 PM

You need much money to create a bitcoin gambling site. Maybe around 100 bitcoins, because you also need to have big amount of money on your hot/coldwallet, some money for marketing,programmer and many else.

I think that is a good amount already, what I can say is that if you want to start a good gambling site you need to have different budget for the promotion as well, the bigger you capital the better as people will trust your site if you were able to accept high rollers.

pocarime32

sr. member

Activity: 420

Merit: 250

You need much money to create a bitcoin gambling site. Maybe around 100 bitcoins, because you also need to have big amount of money on your hot/coldwallet, some money for marketing,programmer and many else.

Adaleon

member

Activity: 114

Merit: 10

I do not know any exact numbers but I think it will cost you a couple thousand or even more because you need scripters/marketing/admins it will be a whole job to set something like this up.
It will not be easy at all if you are asking me.

Topic: How much does it cost to create a btc gambling site? - page 5. (Read 2529 times)