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Topic: Setting up a gambling business (Read 749 times)

member
Activity: 742
Merit: 12
Global peace initiative
September 11, 2021, 12:12:20 AM
You are right, this thread should be close to avoid spamming, as the thread has received enough comments that the thread starter can make use of for his gambling operation I hope he comes around soon or we report the thread to the moderator for it to be lucked.
hero member
Activity: 2170
Merit: 530
September 10, 2021, 10:53:20 PM
Only the OP can close the thread and I agree that the same points have been discussed multiple times, maybe because no one has the patience to read all the hundreds of comments.

Technically, yes, one should not start a gambling site if he does not have prior knowledge but if you have the right resources then maybe still worth a try because crypto casinos are on a high right now. My stake's weekly bonus is higher than what I get at bet365 as loyalty bonus, which speaks of the volume these casinos earn.

I've been waiting to read also some response of OP on conversation here in thread cause I've already made a 2 opinion on this thread however as many concern too OP still don't have any response about it. We all have an optimistic opinion that we could give to a hopeful gambling businessman aspirant some are disagree with the idea because of the risk it may take while building his own gambling business. If ever OP could read the replies and conversation here in thread he could probably get a good opinion here and could formulate if he should go or not.
hero member
Activity: 2968
Merit: 687
September 10, 2021, 05:59:18 PM

definitely a person for marketing or a team is really important if they want to grow a gambling website, signature campaigns here can help but are only a minor part of what you need for a website to grow and be trusted on the web, specially when it comes to money and the gambling sector

Due to the many factors that are really mature in building an online casino business, it is quite a hassle for our finances. Even the initial release has not been able to return the initial capital. Team payouts aren't cheap either. I don't think it's in our realm to be able to build the casino the OP is planning. In the current situation, if I were the OP, I might prefer to just gamble as a newcomer to a trusted casino.
Building a casino would typically be needing huge funds or capital because this isn't something a business that you could only put up a small amount for you to start off.

Of course you would need to make your site attractive and of course you should make yourself a little bit decent in terms of promotions and bonuses because these are the most
or important thing when you do make business.

Although not all do really end up on being successful.
hero member
Activity: 2072
Merit: 656
royalstarscasino.com
September 10, 2021, 05:29:41 PM
It would be better to close this thread here. All arguments for and against opening a gambling business of the user have now been discussed in detail and nothing new is added. The discussion is just going around in circles.
We can conclude that the user should not open a gambling business, because he lacks basic knowledge about this industry.
Only the OP can close the thread and I agree that the same points have been discussed multiple times, maybe because no one has the patience to read all the hundreds of comments.
With so many replies here, advice, and suggestions, and OP even doesn't read or reply to them. So sad. because he only desired to make a thread and left it without any comeback here to read or reply.
I don't think that OP is serious about his plan. So, I don't know whether he will back again to this thread and lock this thread or not.
We can report to the moderator in order to lock this thread.

There has been so much advice about building a reputable gambling business, some give the advice, some disagree with the planning because it is risky, and choose to play gambling and others.
For me, as I said previously in this thread, building gambling is not easy, it needs long steps, professional teams, and of course much money in order to build up. there are so many things to do.
full member
Activity: 1008
Merit: 104
September 10, 2021, 02:09:17 PM

definitely a person for marketing or a team is really important if they want to grow a gambling website, signature campaigns here can help but are only a minor part of what you need for a website to grow and be trusted on the web, specially when it comes to money and the gambling sector

Due to the many factors that are really mature in building an online casino business, it is quite a hassle for our finances. Even the initial release has not been able to return the initial capital. Team payouts aren't cheap either. I don't think it's in our realm to be able to build the casino the OP is planning. In the current situation, if I were the OP, I might prefer to just gamble as a newcomer to a trusted casino.
hero member
Activity: 2534
Merit: 605
September 10, 2021, 01:20:09 PM
It would be better to close this thread here. All arguments for and against opening a gambling business of the user have now been discussed in detail and nothing new is added. The discussion is just going around in circles.
We can conclude that the user should not open a gambling business, because he lacks basic knowledge about this industry.
Only the OP can close the thread and I agree that the same points have been discussed multiple times, maybe because no one has the patience to read all the hundreds of comments.

Technically, yes, one should not start a gambling site if he does not have prior knowledge but if you have the right resources then maybe still worth a try because crypto casinos are on a high right now. My stake's weekly bonus is higher than what I get at bet365 as loyalty bonus, which speaks of the volume these casinos earn.
full member
Activity: 868
Merit: 150
★Bitvest.io★ Play Plinko or Invest!
September 10, 2021, 11:12:01 AM
~

Creating a team is part of building the business the ops need to first develop his skills in gambling operation from an existing gambling platform after he gains adequate skills he can now set up a team that are mostly technical and computer programmers that will help build and run the site smoothly.
You're right but I meant that OP should create a team that's going to cover everything, from management to the customer service so I don't think it's necessary that OP has to learn management skills probably learn how to sniff that you're being duped by your employees is a much better skill.
hero member
Activity: 2268
Merit: 669
Bitcoin Casino Est. 2013
September 10, 2021, 10:56:43 AM
Before you setup an online gambling website, I highly suggest that you check your current laws on your country about gambling. If the law prohibits from operating such, then you already failed the first step. In addition, if the laws of your country allow you, then you should hire someone who is knowledgeable on that field. Though you may have the necessary capital, it is relatively difficult to look for people who are also knowledgeable about coding, etc.

Another thing, even if you do have the capital, you should do your research about the requirements needed.
Let's just hope that op will read many replies in this thread about what op should do to set up a gambling business. Many have share many ideas but I still didn't reply in this thread to look for more information and guidelines. Op made another thread instead of coming back here assuming op didn't come back here. Seems they are planning something about payment system according to the post made by op.
hero member
Activity: 2268
Merit: 789
September 10, 2021, 10:51:27 AM
Am beginning to pick interest in gambling but I don't have any computer code knowledge but will love to operate a gambling site and will like to get some advice from the members of this forum, I have the capital to run the business until it starts making profits.

Before you setup an online gambling website, I highly suggest that you check your current laws on your country about gambling. If the law prohibits from operating such, then you already failed the first step. In addition, if the laws of your country allow you, then you should hire someone who is knowledgeable on that field. Though you may have the necessary capital, it is relatively difficult to look for people who are also knowledgeable about coding, etc.

Another thing, even if you do have the capital, you should do your research about the requirements needed.
sr. member
Activity: 2828
Merit: 344
win lambo...
September 10, 2021, 10:39:54 AM
It would be better to close this thread here. All arguments for and against opening a gambling business of the user have now been discussed in detail and nothing new is added. The discussion is just going around in circles.
We can conclude that the user should not open a gambling business, because he lacks basic knowledge about this industry.

Exactly, and you jump to the right conclusions because that's the point. The OP will be surprised it seems like he started it but he can't give any further explanation. Let's leave this thread and let the OP come read all the discussion. Because there really is no common ground to resolve the OP wish. We tried to help provide solutions and views, but that didn't produce any output.
.
In that case, he better not pursue that otherwise, OP will just lose his money.
Running any business is wasn't a joke and it simply needs a concrete plan. It will not only just need of money but knowledge is very important in this. If OP never thinks that all the advice we gave to him will help, I don't know if he will be able to execute his plan.

Now, it was in his hand to make a decision about this. If he cares about himself and the money he has, then he should think wisely and let someone help him instead.

full member
Activity: 1092
Merit: 106
September 10, 2021, 10:17:31 AM
It would be better to close this thread here. All arguments for and against opening a gambling business of the user have now been discussed in detail and nothing new is added. The discussion is just going around in circles.
We can conclude that the user should not open a gambling business, because he lacks basic knowledge about this industry.
and it seems like here if we look I think the OP is more busy with starting a new thread than doing research and seeing the conclusions he has to accept in this thread. I think if that's the case this thread will feel useless if the OP just makes a thread like this just to add to the list of threads he made not to actually run a business.

but I've never doubted anyone on the forum who I think is cool in dealing with things.
and I agree if it's true that the OP wants to make a business in this environment I think it will only make him lose because it's basic that he still doesn't have the ability in this field, just relying on capital is not enough I think.
sr. member
Activity: 2268
Merit: 275
September 10, 2021, 09:52:13 AM
It would be better to close this thread here. All arguments for and against opening a gambling business of the user have now been discussed in detail and nothing new is added. The discussion is just going around in circles.
We can conclude that the user should not open a gambling business, because he lacks basic knowledge about this industry.

Exactly, and you jump to the right conclusions because that's the point. The OP will be surprised it seems like he started it but he can't give any further explanation. Let's leave this thread and let the OP come read all the discussion. Because there really is no common ground to resolve the OP wish. We tried to help provide solutions and views, but that didn't produce any output.
.
sr. member
Activity: 1372
Merit: 275
September 10, 2021, 06:44:13 AM
It would be better to close this thread here. All arguments for and against opening a gambling business of the user have now been discussed in detail and nothing new is added. The discussion is just going around in circles.
We can conclude that the user should not open a gambling business, because he lacks basic knowledge about this industry.

absolutely right and BTW the OP was today active but not in here as he should thank all contributors but he did not  Angry

but he posted here in his new thread

https://bitcointalksearch.org/topic/bitcoin-payment-agent-point-5359235
It seems the OP is too busy to continue to make another thread, instead of having to do research on his desire to build a gambling business, I don't know what is in the OP's mind at this time, does he still want to start a gambling business or maybe not? because it seems he has given up because indeed building an online gambling site is not an easy job to do. Grin Grin
legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
September 10, 2021, 05:42:58 AM
It would be better to close this thread here. All arguments for and against opening a gambling business of the user have now been discussed in detail and nothing new is added. The discussion is just going around in circles.
We can conclude that the user should not open a gambling business, because he lacks basic knowledge about this industry.

absolutely right and BTW the OP was today active but not in here as he should thank all contributors but he did not  Angry

but he posted here in his new thread

https://bitcointalksearch.org/topic/bitcoin-payment-agent-point-5359235
tyz
legendary
Activity: 3360
Merit: 1533
September 10, 2021, 05:23:13 AM
It would be better to close this thread here. All arguments for and against opening a gambling business of the user have now been discussed in detail and nothing new is added. The discussion is just going around in circles.
We can conclude that the user should not open a gambling business, because he lacks basic knowledge about this industry.
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
September 10, 2021, 05:08:20 AM
Create a team that will help you in doing everything,

Creating a team is part of building the business the ops need to first develop his skills in gambling operation from an existing gambling platform after he gains adequate skills he can now set up a team that are mostly technical and computer programmers that will help build and run the site smoothly.
It is not easy to find the right people who will join your team, especially if you do not know much about them. Maybe he can use selection among his friends who know about technology and computer programmers, especially those who have experience in coding. It will not be a problem if he can get the right people on his team but not all friends who know about his project will work better between the other friends so, in this matter, communications will be the important thing that he needs to concern.
full member
Activity: 952
Merit: 105
September 10, 2021, 05:03:58 AM
In my opinion, at the beginning you should try as much as possible to learn about the operation of this type of business. The majority of websites is that it is enough to throw them on the server and all this. In the case of websites related to money, the security case is very complicated, and the more gambling services.
Without basic knowledge, you will be exposed to a large danger of losing funds.
You must hire specialists and auditors and then deal with marketing.
Knowledge about programming is not the most important, but without it certainly the costs of creating a gambling website grow a lot.

If you start development, share your experiences with us.
Good luck.
full member
Activity: 1638
Merit: 122
September 10, 2021, 04:45:02 AM
Quote
I have the capital to run the business until it starts making profits.
seems you really have a lot of capital because it could take a long time for a business to became profitable and within this time you can spend lots of money for marketing and other expenses .
i think operating or managing a gambling site dont need heavy knowledge in coding and there are now services that offers a solution in gambling business , they can make a site for you and do other technical things .
 like this one for example https://slotegrator.pro/
legendary
Activity: 2310
Merit: 2073
September 10, 2021, 04:28:11 AM
I hope that OP had read what we are saying here and spare his time to analyze the situation.
And there is one thing I could suggest you OP is to take someone who owns a business if you could find a person who is also in gambling much better as this person will guide and educate you to the things that you need to procure before having in real business. It is much better for you to have a business partner that could really teach of what you have to do because this was not easy, that was the truth.

I do not follow this topic closely, but I remember that even on this forum I saw announcements for the sale of ready-made casino scripts + work with existing casinos on the basis of a franchise. I think the last option is very working, given the fact that if this is a real franchise and not a fraud, then for your money you get a complete business model with ready-made algorithms and you just have to follow it instead of learning everything from scratch.

You are absolutely right. Working in a franchise of a well-established company is a great option to start a business not only in the area of gambling. Working in a franchise will provide support for your business during its formation. The main thing in this business is not to run into crooks, and it is better to choose a franchise without additional royalty payments.  
legendary
Activity: 1512
Merit: 1005
September 10, 2021, 04:21:07 AM
Am beginning to pick interest in gambling but I don't have any computer code knowledge but will love to operate a gambling site and will like to get some advice from the members of this forum, I have the capital to run the business until it starts making profits.

The best source of information would be someone who has already launched a gambling website, but person like this probably will not speak up here, because why help build competition ..  Wink Cheesy

I think if you have funds you need to buy a casino script and learn the basics of how to install and operate it, or just hire someone who knows how to do it. It is much more difficult to promote a casino and attract players to it, i.e. marketing. But you can also hire professionals for this.

Have you already taken any first steps to launch your gambling website?
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