Topic: Looking to start an online casino - page 5. (Read 1051 times)

True that setting up a business needs a careful study of every aspect. So basically, one shouldn't rush things out, he should commit ample time to organize the plan, study the feasibilities and finding right people.  Business done in a rush will produce half-baked products and services so @OP take your time in carefully planning and establishing your planned Casino.
   

Therefore, OP can't find any technical help here but rather just advice and suggestions. In any business, there should be already knowledgeable about it before building it. But were to gain that knowledge for those zero knowledge? By putting lots of time into studying any related fields regarding that.

OP needs to explore the right person for it by doing some research that was also based on his country or a place nearby. With the budget and capital mentioned by OP a few pages before, it can be used as cost to form a sponsorship. Much better if it's nearby to OP so they can set up physical meetings to discuss everything from scratch.

You wouldnt really be getting some advice since they do know that it could really be a potential competitor for them thats why giving out some hints and ideas then it would really be out of their interest. 

Therefore it would really be hard to get some advice and recommendations for those people who are currently working or owning crypto gambling sites as of this moment.I do agree on the idea
about getting first some familiarization or even with the basics to those who are around specially on local i guess.

Getting or snipping out some idea and make yourself be aware on this business is a must or crucial because you arent shelling out small budget on here.

Having atleast one online support would be beneficial to the platform especially for a gambling casino. However, I think it's best for a casino to provide their users some way of contacting them 24/7 as issue may arise anytime especially withdrawal, deposits or any concern that involves money or crypto. One way would be thru Telegram supports or other community groups. Having these kind of support would be easy to find and cost efficient.

I kinda agree with this one, with the limited budget that OP have. It is best to focus it on a single but unique game that will attract it's users to the platform and keep them from coming back.
I must say, 100k maybe a lot to a regular person but not for financing a gambling company. OP has limited option on how he will be able to start up his company but it is not impossible. Also, I think it would be best if he try to contact other casino out there or atleast someone who is willing to partner with him to increase or posibly limit expenses.

You should not do this alone of course it's not your typical site, but there's legality and proper functioning of all the features not to mention marketing and advertising it, its a passion first and money second, players can easily tell if a casino just wants to make fast bucks, you have to serve your clients first and give them what they want and at the same time properly implementing all your rules and what's on your TOS, you'll know this if you're playing long enough.

He can do without live support, this is not that important. I've worked with online service providers that had just 1 dedicated support employee who worked from home and wasn't there 24/7. Users were able to choose between emailing support or filling in a form on site that created a "ticket" for the employee. The employee was paid hourly and was supposed to check the email 2-3 times a day and answer all tickets as they appear. Live support starts making sense once you get popular.




With that budget a good idea would be to do some research and focus on one game. Don't build a whole casino but rather a gaming site for one type of gambling, pretty much what primedice did in 10 years ago, just maybe not with dice, that ship has sailed. There are ways to gamble that don't require a a big bankroll, for instance sports betting, all types of lotteries, gambling with online game items, like those csgo chests or rust items.
Choosing the right "branch" you can cut the money needed to start the project to the minimum and focus all your money on securing a domain and building a site.

Good luck!

Why do you want to start your own bitcoin casino? To be honest with you, you are a bit late to the online casino boom. We saw in 2020/2021 a big increase in new casinos that tried to take over market share from the old casinos who have been around for many years. Due to the covid pandemic online gambling was the only alternative since most physical casinos were closed during the lockdown. It seems that you are starting from the beginning and have no prior experience in the gambling industry. It requires a lot of knowledge, time and money to run a casino and I am not sure if you have that. Having a background in coding is a good starting position, I am just not sure about the business side. A cheap gambling licence already cost 10,000 USD, on top of that you need money for the website, infrastructure, support team and legal team. Plus you need to have a decent bankroll to start with in case a gambler gets lucky and hits a jackpot very early on. It's not guaranteed that you will make money in the first year of running a new casino. How about you work first in the industry? You could look for a job at an existing casino and get some knowledge and save up some money.

I really appreciate how he thinks big. Why you want him to forget about the whole subject.
If he has enough money, I don't see anything stopping him from trying it. I think it is good that he chose the forum to ask his questions, and he can at an advanced stage present the idea of ​​the project in the "Project and Development" section to search for partners. There are many trusted members who can provide the necessary support. I didn't like that you were trying to dissuade him from the idea.

You will only lose your time and money if you have no idea how start a business like a this one.

First of all you’ll need lots of money. You’ll need a team of devs, lawyers, customer support etc. You’ll probably beed some casino licenses if you are going to deal with FIAT.

You’ll need to know some basic programming too. Otherwise devs will fuck you over easily.

Just forget about it and invest your money in crypto

That is the challenge of creating a Casino especially when we don't know all the aspects of the Casino business.  He can do an in-depth research, a feasibility study, and even consult Casino specialists and ask for pointers on how to build one.


Business doesn't work that way.  He needs to find the right person for the job.  There are lots of millionaires who failed to set up a successful business because they failed to get the right people.  Besides, in the crypto industry, he can always ask for crowdfunding if his plan is feasible but somehow short of funding.

If you have a lot of money in hand then you can overcome your shortcomings and create a very good casino in which people would like to play, but if that is not the case then it is going to be difficult for you to succeed, and this is because a casino is a very money intensive business, after all even if you could do everything yourself and you could overcome all the obstacles that are in your way if you do not have money to add to your balance then no player will want to play at your casino, since the maximum bet will need to be incredibly low and you will discourage whales from gambling at your casino.

There's nothing wrong with casinos that have small bankrolls since casinos need to start somewhere right? If winnings become an issue then a feature like casino investments could be an option, it used to be popular back then as it's one of the ways to increase the site's max profit and encourage high rollers.

For OP, the only thing I could suggest is to look for similar threads with the help of the search button at the upper right, as you might find a helpful thread that'll give you some information like this one for example.
How to Start a Bitcoin Casino/Sports Gambling Business (Checklist)

There will be so much homework that you must think, plan, and prepare, dude. Clearing an online casino may be easy when only creating. But,t hsi will be difficult when related to managing and building the online casino until get many users. We must not only think about the profits that we can gain by having an online casino but also how much we must spend in building and developing the platform. This is also not easy. It will depend on how you make the progress. you do not only need the platform but also need promotion parts, safety, backend and front end, and other elements.

Not intending to do this alone at all, actually i am learning more and trying to understand the business and learning from this thread as well as taking every advice into account.

Thanks a lot for the feedback however.

Start off with a game of Plinko which is really just an ancient maths problem and relates to a standard equation you can program probably quite easily.   Everyone recognizes the game and can gamble right away, after you establish the basics of the site it allows you to build it up into something more diverse but basically gambling is very distributive and progressive I think

https://www.forbes.com/sites/startswithabang/2020/11/11/how-the-game-of-plinko-perfectly-illustrates-chaos-theory/

You have almost summarized everything in your answer.

- Since he has programming experience, he will need to develop that experience to be able to supervise the development process of the platform’s programming, including improvements, additions, and updates. This does not mean that he does the work himself, but at least improves his skills to be able to supervise who will delegate him to carry out the task, which is preferable to be a partner and not an employee, at least at the beginning of the project.
- He will have to use one of the payment gateways to supervise the withdrawal and deposit operations to be done automatically because doing this manually will cause a lot of time to be wasted. This is until it is possible to program a payment system for the platform without the need to purchase the service from automated payment gateways that may not provide sufficient support when needed. Of course, the owner of the capital is the one who must fully control the hot wallet of the platform.
- For promotions and advertisements, the best place to do this is the Bitcointalk forum, but you need to hire a trusted moderator to do these operations. This will increase the credibility of the platform and increase the demand for it.

Finally, with regard to the support team, support workers must be assigned to cover their work shifts 24 hours a day, provided that their supervisor is in direct contact with the other three departments: the development department, the payments department, and the advertising department. This will help them respond to users' questions and help them overcome difficulties while using the platform.

First of all, I just want to tell you that your idea is good, you have the skills needed to start a website, an online casino. But I highly suggest that you need to have a team for it, it will help you to create plans, develop the website and you need some marketing strategies for this project since we have a lot of online casino right now.  It is not good to have a one man team in this project, you need a help, no matter how much skills you do have right now still you need someone help, you can't focus in different things. You need also a capital that will be more enough for security and database of your website.

Budgeting will require a lot for him to have that casino that he's thinking of establishing but it won't just go down with money, knowledge about coding and if he's not really into codes, money will suffice that part as he can hire someone who's good at it.
But, he needs to have a good negotiation skills for him to have someone accept the job but basically, there are a lot of devs that would like to take care of a job like this.

That's much better than creating your own casino when you are not a developer skills and also the cost of hiring a person to help manage the site. I don't think it would be easy to manage a casino all alone. So, I think the total cost won't be small amount though you may get it all back once there are gamblers gambling on your site or your site did become successful.

or better yet, look for another business and not gambling business. gambling business needs a large capital even if you want to start small. because what if there's big winnings, how can you pay the player? unless, you will limit their winnings and you will have an arrangement when it comes to payment. there are so many factors to consider in setting-up a casino. the OP should be prepared to face those possible bottlenecks.