@FIFA Wordcup, It take some good money to build a gambling company. I have added some more facts about the cost.
Curacao License cost about $19,000 for the sub-license which is perfectly okay for you
Good software vendor will charge you between $30,000 to $70,000 for the all-in-one solution which includes Casino, Sportbook with over 30,000 monthly live games.
Premium Domain name will take $10,000 to $150,000 depending on the name. I can provide you really great names you can't find anywhere else.
Marketing and promoting will take around $100,000. Your budget may increase and the needs increases
Topic: How to Start a Bitcoin Casino/Sports Gambling Business (Checklist) - page 4. (Read 741 times)
April 14, 2019, 12:01:21 PM
April 14, 2019, 11:17:34 AM
-snip-
Even though you have gather some good information but you should include how much time will it take to build such a site and also what would be the estimated cost of this setup and of course the ROI ?
I think it depends on how many games he wants to be available in the site and if there are only less than 5 games, I think it would not need too long to install and prepare the site.
I am sure that every gambling owner website will think about that step. The domain will look like a legit and recommended site if the gambling site has a brand name especially if there is a gambling license.
April 14, 2019, 11:01:28 AM
April 14, 2019, 10:57:05 AM
Nice guide for those people have plan to create gambling site, and yes of course many people dreaming to create own gambling site the problem is how we can start it if have not enough capital for this business.
Capital is one of the biggest challenges in this business. In some jurisdictions, license alone could gulp as much as $250,000. That's why most prefer Curacao license. I will be adding more details about some of the capital requirements
April 14, 2019, 10:51:05 AM
Very helpful guide op though it is a simplified version and it is a lot more complicated in reality. The primary problem that many new crypto casinos face is that they compete with successful and reliable websites which have been operating for ages.
People tend to not risk their investment in new casinos most of the time due to the risky nature of the crypto environment.
People tend to not risk their investment in new casinos most of the time due to the risky nature of the crypto environment.
You are correct. Gaining traction is one of the biggest challenges for a new Crypto Gaming company due to the factors you mentioned. However, good capital base and well throughout business plan may just be the key
April 14, 2019, 10:19:11 AM
Gotta save the list for future reference. This post is really helpful and all the requirements are absolutely available in all countries with a legality of bitcoin. A lot of requirement indeed but sure with a great returns. This also answers my question on how there are so many illegal gambling sites. This is because of the plenty factors to consider.
April 14, 2019, 10:18:08 AM
Nice guide for those people have plan to create gambling site, and yes of course many people dreaming to create own gambling site the problem is how we can start it if have not enough capital for this business.
April 14, 2019, 09:53:57 AM
Very helpful guide op though it is a simplified version and it is a lot more complicated in reality. The primary problem that many new crypto casinos face is that they compete with successful and reliable websites which have been operating for ages.
People tend to not risk their investment in new casinos most of the time due to the risky nature of the crypto environment.
People tend to not risk their investment in new casinos most of the time due to the risky nature of the crypto environment.
April 14, 2019, 09:45:02 AM
A lot of people out there are looking for the real information on how to startup a Bitcoin Casino or complete betting site. So, I am going to present this short tutorial from the stand point of experience, not a mere hearsay. No doubt, gambling business is a capital intensive business venture, and it requires a lot of expertise in order to be successful in the business. Again Gambling (bitcoin based or not) is a highly regulated business in many regions. You need to have that in mind before contemplating your moves.
Having considered these important facts, I will now present you with (the step by step) what it takes to setup your own Bitcoin casino business.
1. Secure a World Class Name for your Casino/Bet Business
Name is one of the most important aspect in any business. If you get this wrong, you may regret later. I have seen a gambling company unable to fully reach their potentials because the domain name they decided to settle on was not good enough. Serious gambling businesses don't just pick any random names, they invest serious money to acquire well thought out names that will stand the test of time.
Check my other thread to learn more about gambling domain names and select from some of the best, carefully selected premium gambling domain names available for sale. There are many factors you will consider before choosing a domain name.
- The Domain Length - It is good for a gambling domain name to be too long. That will be it difficult for your prospective clients to remember or get used to your gambling website. You need a name that is short, not more than 8-caracters except if it is exceptional in meaning. The shorter the better.
- The Brand Ability - How brandable is the domain name? This is an important question your name must answer. Your name is your quality statement. It must be 100% brandable to enable you create a logo that will make lasting impression with your prospective customers or anyone who sees your betting site for the first time.
- The Pronounce Ability - How pronounceable is your gambling domain name? Make sure your domain name pass the radio test. How? Checks if people can spell your domain name when they hear it probably on radio. They need to be able to type in your domain in order to visit your website, so it’s critical that your name is memorable and easy-to-spell.
We have done the hard work for you. Simply select from these carefully selected Premium Gambling Domain Names that has pass all rigorous vetting.
2. Secure a Gambling License
Forget about what anyone is telling you, no gambling provider will work with you if you do not have a gambling license. Be it payment processors, software providers, feed providers, or even most Bitcoin wallet providers. No reputable one of these will agree to work with you because they too are regulated. If anyone promise to offer you a service with a license, then know it that he is attempting to scam you.
There are companies online that can help you with your gambling license. One of them is FastOffshore.com. Visit their site to find out more of the requirements to get different types of licenses. Choose according to your needs. The most popular if Curacao license. Below are some of the requirements for Curacao License -
Basic requirements are:
Police Clearance Certificate / Certificate of no criminal record;
Certified Copies of Passport* (the pages with photo and signature);
Original or certified copy of a Utility Bill;
Original Banker’s Reference (Relationship must be longer than 2 years)
Original Professional Letter of Reference from an Accountant or Lawyer (Relationship must be longer than 2 years);
CV / Resume;
Details of Software including copy(ies) of software agreements and/or 3rd party certification of the RNG application and its fairness (if applicable);
Proof of domain ownership;
Copies of Terms & Conditions which must include underage gaming policy, responsible gaming policies, and AML policies.
The aforementioned documents are required from each and every authorized person, officer, director, shareholder, beneficial owner and ultimate beneficial owner.
NOTE – All documents must be in English and dated no older than 30 days.
Where documents are not in English, certified English translations are required.
3. Get a Reliable Gambling Software
There are many reliable Gambling software and feeds providers out there. I am not here to recommend nor condemn anyone. However, I would like to point out how to identify a reliable gambling software provider.
Simply ask them to show you their current users. If they provide you with some well know gambling companies who are currently being powered by them, then know that they are reliable. Verify and be sure that these mentioned companies are truly running their business with the said provider.
But if the gambling software company you intent to use only provided you some stagnant or demo sites, run with your money. Serious software providers are always quick to flaunt their successful clients.
If you are able to get a reliable one and negotiate with them, they will provide all that you need. Such as, Casino, Sportbook, payment gateways, and even help with licenses.
I will be adding some more details as time goes on.
4. Cost to Build a Good Gambling Site
Curacao License cost about $19,000 for the sub-license which is perfectly okay for you
Good software vendor will charge you between $30,000 to $70,000 for the all-in-one solution which includes Casino, Sportbook with over 30,000 monthly live games.
Premium Domain name will take $10,000 to $50,000 depending on the name. I can provide you really great names you can't find anywhere else.
Marketing and promoting will take around $100,000. Your budget may increase and the needs increases.
There are still some other costs involved, such as hiring staffs and initial payouts. I will be adding some more details about that later.
List of Best Gambling Domains for Sale
It is a known fact that one of the most difficult challenges Crypto or gambling startups would face is coming up with good quality domain names for their business. Recognizing this fact, I have decided to solve the problem by creating this thread to offer some of the finest, meticulously sourced, carefully selected Premium Domain Names. With 10 years experience in business naming, and 4 years experience running different Gambling and Crypto businesses, there's no better qualified mind.
Only the best domain names would make it to this thread. Names that will make you stand out from the crowed, increase your bottom line, and help you stay ahead of the competitions.
I will be adding new names every week (starting from today) until we have enough premium names to meet everyone's naming needs. Let's begin with the ones below:-
"Take the next step in growing your business and join the millions of others who have found success with a .com, powered by Verisign. It’s where the world clicks." - Directnic
Gambling Domains
BetFlexi.com
Frexi is the shorter way to say 'flexible'. BetFlexi.com is therefore the ideal name for a gaming platform that offers flexible product types designed to offer the users more choices both in types of games and payment options. This is a perfect name for a modern gambling company.
BetMox.com
Mox is a Latin word for Soon. It is also a type of nuclear fuel designed for use in breeder reactors, consisting of a blend of uranium and plutonium oxides. BetMox.com emphasizes great power and domination. A perfect name for a betting company looking to dominate in this niche. It is also one of the shortest meaningful name you can get that contains the "Bet" keyword. BetMox.com is a potential brand monster.
BETVES.COM
Ves is a Slovak word for Village. Bet Ves simply is a shorter and sexier way to say "Bet Village". BetVes.com is one of the names that can never be confused with any other name. It is short, brandable, memorable, and highly pronounceable. At $2,888 price, this name is going at a giveaway, considering that similar names has been sold for hundreds of thousands of USD.
xCashout.com
Cashout is one of the most popular word in betting. A revolutionary feature that puts the power in bettors hands. With Cash Out, you can lock in a profit or cut your losses. The stylish X added to it (with it's own great meanings) makes xCashout.com the finest domain name for a betting company.
BETCOY.COM
Bet Coy simply mean bet company. Coy is used in many English speaking countries, and by many professionals as the shorter way of saying company. Also, coy is marked by cute, coquettish, or artful playfulness - according to Merriam Webster Dictionary. BetCoy.com is artful name for a cute betting company. Note: I sold BitCoy.com last year.
DiceWheel.com
This is your wheel of fortune to build the greatest dice gambling network. The dice industry has since expanded enormously to over 50billion market value, and some two smart contract gambling sites have together raised millions of dollars in their token sales. DiceWheel.com is a perfect name to build a crypto dice platform that is entirely anonymous, provably fair and highly secure.
CasinoOx.com
In Chinese culture, the Ox is a valued animal. Because of its role in agriculture, positive characteristics, such as being hardworking and honest, are attributed to it. That makes CasinoOx.com a nice attribute to a casino company whose goal is to be customer centric and honest.
ellobet.com
The combination of e/ll/o makes ellobet.com a brand beauty, and probably the easiest gambling name to pronounce and remember. There are countless of products out there that has ello in their names, such as ellowater, ello social network, etc. Getting ellobet.com for your gambling casino business is a huge opportunity you don't want to pass.
WagersLab.com
Carry out the experiments, test your gaming skills, and win the prizes. That's what wagering is all about. A perfect betting platform can be compared to a Wagers Lab where players experiment by predicting the out come of games. There's no better name for a wagering company than WagersLab.com. Grab it now before someone else does! WagersWallet.com is selling at Sedo too.
VegasPrize.com
Las Vegas has become the capital of Gambling in the USA. People go to Vegas casinos on daily basis to try and win huge prizes. Therefore, VegasPrize.com is a perfect name for a gambling startup looking to stand out, both in Las Vegas, and the worldwide betting market. This name is ideal for Casino and general betting.
Having considered these important facts, I will now present you with (the step by step) what it takes to setup your own Bitcoin casino business.
1. Secure a World Class Name for your Casino/Bet Business
Name is one of the most important aspect in any business. If you get this wrong, you may regret later. I have seen a gambling company unable to fully reach their potentials because the domain name they decided to settle on was not good enough. Serious gambling businesses don't just pick any random names, they invest serious money to acquire well thought out names that will stand the test of time.
Check my other thread to learn more about gambling domain names and select from some of the best, carefully selected premium gambling domain names available for sale. There are many factors you will consider before choosing a domain name.
- The Domain Length - It is good for a gambling domain name to be too long. That will be it difficult for your prospective clients to remember or get used to your gambling website. You need a name that is short, not more than 8-caracters except if it is exceptional in meaning. The shorter the better.
- The Brand Ability - How brandable is the domain name? This is an important question your name must answer. Your name is your quality statement. It must be 100% brandable to enable you create a logo that will make lasting impression with your prospective customers or anyone who sees your betting site for the first time.
- The Pronounce Ability - How pronounceable is your gambling domain name? Make sure your domain name pass the radio test. How? Checks if people can spell your domain name when they hear it probably on radio. They need to be able to type in your domain in order to visit your website, so it’s critical that your name is memorable and easy-to-spell.
We have done the hard work for you. Simply select from these carefully selected Premium Gambling Domain Names that has pass all rigorous vetting.
2. Secure a Gambling License
Forget about what anyone is telling you, no gambling provider will work with you if you do not have a gambling license. Be it payment processors, software providers, feed providers, or even most Bitcoin wallet providers. No reputable one of these will agree to work with you because they too are regulated. If anyone promise to offer you a service with a license, then know it that he is attempting to scam you.
There are companies online that can help you with your gambling license. One of them is FastOffshore.com. Visit their site to find out more of the requirements to get different types of licenses. Choose according to your needs. The most popular if Curacao license. Below are some of the requirements for Curacao License -
Basic requirements are:
Police Clearance Certificate / Certificate of no criminal record;
Certified Copies of Passport* (the pages with photo and signature);
Original or certified copy of a Utility Bill;
Original Banker’s Reference (Relationship must be longer than 2 years)
Original Professional Letter of Reference from an Accountant or Lawyer (Relationship must be longer than 2 years);
CV / Resume;
Details of Software including copy(ies) of software agreements and/or 3rd party certification of the RNG application and its fairness (if applicable);
Proof of domain ownership;
Copies of Terms & Conditions which must include underage gaming policy, responsible gaming policies, and AML policies.
The aforementioned documents are required from each and every authorized person, officer, director, shareholder, beneficial owner and ultimate beneficial owner.
NOTE – All documents must be in English and dated no older than 30 days.
Where documents are not in English, certified English translations are required.
3. Get a Reliable Gambling Software
There are many reliable Gambling software and feeds providers out there. I am not here to recommend nor condemn anyone. However, I would like to point out how to identify a reliable gambling software provider.
Simply ask them to show you their current users. If they provide you with some well know gambling companies who are currently being powered by them, then know that they are reliable. Verify and be sure that these mentioned companies are truly running their business with the said provider.
But if the gambling software company you intent to use only provided you some stagnant or demo sites, run with your money. Serious software providers are always quick to flaunt their successful clients.
If you are able to get a reliable one and negotiate with them, they will provide all that you need. Such as, Casino, Sportbook, payment gateways, and even help with licenses.
I will be adding some more details as time goes on.
4. Cost to Build a Good Gambling Site
Curacao License cost about $19,000 for the sub-license which is perfectly okay for you
Good software vendor will charge you between $30,000 to $70,000 for the all-in-one solution which includes Casino, Sportbook with over 30,000 monthly live games.
Premium Domain name will take $10,000 to $50,000 depending on the name. I can provide you really great names you can't find anywhere else.
Marketing and promoting will take around $100,000. Your budget may increase and the needs increases.
There are still some other costs involved, such as hiring staffs and initial payouts. I will be adding some more details about that later.
List of Best Gambling Domains for Sale
It is a known fact that one of the most difficult challenges Crypto or gambling startups would face is coming up with good quality domain names for their business. Recognizing this fact, I have decided to solve the problem by creating this thread to offer some of the finest, meticulously sourced, carefully selected Premium Domain Names. With 10 years experience in business naming, and 4 years experience running different Gambling and Crypto businesses, there's no better qualified mind.
Only the best domain names would make it to this thread. Names that will make you stand out from the crowed, increase your bottom line, and help you stay ahead of the competitions.
I will be adding new names every week (starting from today) until we have enough premium names to meet everyone's naming needs. Let's begin with the ones below:-
"Take the next step in growing your business and join the millions of others who have found success with a .com, powered by Verisign. It’s where the world clicks." - Directnic
Gambling Domains
BetFlexi.com
Frexi is the shorter way to say 'flexible'. BetFlexi.com is therefore the ideal name for a gaming platform that offers flexible product types designed to offer the users more choices both in types of games and payment options. This is a perfect name for a modern gambling company.
BetMox.com
Mox is a Latin word for Soon. It is also a type of nuclear fuel designed for use in breeder reactors, consisting of a blend of uranium and plutonium oxides. BetMox.com emphasizes great power and domination. A perfect name for a betting company looking to dominate in this niche. It is also one of the shortest meaningful name you can get that contains the "Bet" keyword. BetMox.com is a potential brand monster.
BETVES.COM
Ves is a Slovak word for Village. Bet Ves simply is a shorter and sexier way to say "Bet Village". BetVes.com is one of the names that can never be confused with any other name. It is short, brandable, memorable, and highly pronounceable. At $2,888 price, this name is going at a giveaway, considering that similar names has been sold for hundreds of thousands of USD.
xCashout.com
Cashout is one of the most popular word in betting. A revolutionary feature that puts the power in bettors hands. With Cash Out, you can lock in a profit or cut your losses. The stylish X added to it (with it's own great meanings) makes xCashout.com the finest domain name for a betting company.
BETCOY.COM
Bet Coy simply mean bet company. Coy is used in many English speaking countries, and by many professionals as the shorter way of saying company. Also, coy is marked by cute, coquettish, or artful playfulness - according to Merriam Webster Dictionary. BetCoy.com is artful name for a cute betting company. Note: I sold BitCoy.com last year.
DiceWheel.com
This is your wheel of fortune to build the greatest dice gambling network. The dice industry has since expanded enormously to over 50billion market value, and some two smart contract gambling sites have together raised millions of dollars in their token sales. DiceWheel.com is a perfect name to build a crypto dice platform that is entirely anonymous, provably fair and highly secure.
CasinoOx.com
In Chinese culture, the Ox is a valued animal. Because of its role in agriculture, positive characteristics, such as being hardworking and honest, are attributed to it. That makes CasinoOx.com a nice attribute to a casino company whose goal is to be customer centric and honest.
ellobet.com
The combination of e/ll/o makes ellobet.com a brand beauty, and probably the easiest gambling name to pronounce and remember. There are countless of products out there that has ello in their names, such as ellowater, ello social network, etc. Getting ellobet.com for your gambling casino business is a huge opportunity you don't want to pass.
WagersLab.com
Carry out the experiments, test your gaming skills, and win the prizes. That's what wagering is all about. A perfect betting platform can be compared to a Wagers Lab where players experiment by predicting the out come of games. There's no better name for a wagering company than WagersLab.com. Grab it now before someone else does! WagersWallet.com is selling at Sedo too.
VegasPrize.com
Las Vegas has become the capital of Gambling in the USA. People go to Vegas casinos on daily basis to try and win huge prizes. Therefore, VegasPrize.com is a perfect name for a gambling startup looking to stand out, both in Las Vegas, and the worldwide betting market. This name is ideal for Casino and general betting.
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