Setting up a gambling business - page 2.

KTChampions

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Quote from: Maslate on September 09, 2021, 09:41:26 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.

RILWAN

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Quote from: zanezane on September 10, 2021, 12:04:48 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.

zanezane

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Create a team that will help you in doing everything, you need to have a lot of funds though if you want to invest in that kind of team where you don't have to work a single time because you have the employees to do what needs to be done. Try to find them offline if possible to gauge the character of the applicant.

molsewid

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Quote from: khaled0111 on September 09, 2021, 03:58:27 PM

Surprised that most replies are suggesting to hire a developer to create the website! If you want to start your gambling business then there is much more than that to consider.
Aside from creating the platform (which needs more than one experienced developer to accomplish), you need to obtain a gambling license and probably you will have to hire a lawyer to take care of that. Also, you have to develop your own games or use some software providers to provide content to your platform.
You should also take care of integrating a secure and reliable payment gateway. Not to mention advertising, hiring a customer service team, maintenance...

In short to make an start-up business OP will literally start from scratch, gather people that could highly help him to make his dream come true and not to forget that OP need to educate himself too because the command or the final decision for the business transactions will be done through his final word. It would be a great factor too if OP could have a computer code knowledge. Overall starting up a gambling business is difficult but possible since OP have had already a fuel to start the engine.

khaled0111

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Surprised that most replies are suggesting to hire a developer to create the website! If you want to start your gambling business then there is much more than that to consider.
Aside from creating the platform (which needs more than one experienced developer to accomplish), you need to obtain a gambling license and probably you will have to hire a lawyer to take care of that. Also, you have to develop your own games or use some software providers to provide content to your platform.
You should also take care of integrating a secure and reliable payment gateway. Not to mention advertising, hiring a customer service team, maintenance...

Maslate

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Quote from: Lucasgabd on September 09, 2021, 02:32:58 PM

Quote from: maju69 on September 09, 2021, 12:25:06 PM

Quote from: watergold on September 08, 2021, 01:46:05 PM

but I agree with your opinion that programmers are very important and needed in this sector.

Programmers alone aren't enough, if it turns out the OP doesn't really want to destroy his business. The work as a whole made us not feel that here the OP is building a business which he just couldn't give us further explanation and how he is growing while looking for a professional team. It would indeed cost a fortune and that definitely stopped him from pursuing that desire.

not only, but also

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

Getting exposure in one fo the most popular crypto forum would help, a wise gambler would see a forum's information more valuable that a personal review of a person in youtube because it could be bias, here, if one gambling site has a thread (not moderated), members would see the real reputation of a gambling site, so signature campaign would really help a lot.

Mahanton

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Quote from: dothebeats on September 09, 2021, 01:09:20 PM

What kind of platform are you exactly looking at? There are tons of established crypto casino already and to compete, you must have some hell of a platform that offers lots of generous bonuses and a robust security system in order for your players and patrons to feel safe. You can also setup a sports book and there are less competitors, though the licenses together with the connection you need to have in order to get your lines ready will be a lot of work. Programmers who will do the dirty work of setting everything up is easy. You just have to have the connections, the money, the time, and the unique idea in order to establish that platform of yours.

There's no wrong to make out such step because if you do have the money then its your decision whether you do engage on business or something.So let him be if he decided to make some gambling
site the thing here is that he should know on what he's doing and since he do ask out for some advices then better answer it out rather than on making out conclusions that he wont succeed.
@OP, you should hire some professional on coding your website but of course you would need to pay up some sum for it and you should
be at least knowledgeable on this industry.

Lucasgabd

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Quote from: maju69 on September 09, 2021, 12:25:06 PM

Quote from: watergold on September 08, 2021, 01:46:05 PM

but I agree with your opinion that programmers are very important and needed in this sector.

Programmers alone aren't enough, if it turns out the OP doesn't really want to destroy his business. The work as a whole made us not feel that here the OP is building a business which he just couldn't give us further explanation and how he is growing while looking for a professional team. It would indeed cost a fortune and that definitely stopped him from pursuing that desire.

not only, but also

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

wxa7115

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Quote from: Prestongold on September 07, 2021, 12:35:45 PM

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.

I will be very direct, it is going to be difficult for you to create a profitable casino, I say this because you have no deep knowledge about the industry and you do not know how to code, which in my opinion you need at least one of those characteristics to have a chance to become successful.

Now you need to hire two different people with that knowledge while you put the money, but running a casino is very expensive, coding it is probably the easiest part, then you need a marketing campaign and you need to have a huge bankroll to not go bankrupt on the first months of operation, so I would recommend that you do not do something as risky as this.

dothebeats

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What kind of platform are you exactly looking at? There are tons of established crypto casino already and to compete, you must have some hell of a platform that offers lots of generous bonuses and a robust security system in order for your players and patrons to feel safe. You can also setup a sports book and there are less competitors, though the licenses together with the connection you need to have in order to get your lines ready will be a lot of work. Programmers who will do the dirty work of setting everything up is easy. You just have to have the connections, the money, the time, and the unique idea in order to establish that platform of yours.

maju69

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Quote from: watergold on September 08, 2021, 01:46:05 PM

but I agree with your opinion that programmers are very important and needed in this sector.

Programmers alone aren't enough, if it turns out the OP doesn't really want to destroy his business. The work as a whole made us not feel that here the OP is building a business which he just couldn't give us further explanation and how he is growing while looking for a professional team. It would indeed cost a fortune and that definitely stopped him from pursuing that desire.

Dread Pirate Roberts

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Quote from: Prestongold on September 07, 2021, 12:35:45 PM

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.

without the skills to develop a website that is responsive and works well, you must hire someone who is an expert in that. and also you have hire people to do maintenance and security for your website. and have you ever made a similar business like this before? like a sportsbook broker? or some oldschool poker room build in prepaid software ?

carlisle1

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Quote from: worldofcoins on September 09, 2021, 10:55:35 AM

Quote from: bitzizzix on September 09, 2021, 09:57:33 AM

What the OP needs to know is that in every business there must be two things that are certain to happen, namely profit or loss, and before starting you must have a large enough capital and also a strong mentality to accept all possibilities that will happen.
because the name of the business is not just operational costs but how do you have the mentality to answer all the challenges that lie ahead.

That's a debatable reply but in short yes it's true there will be winnings and losses here and there in a business.
But without considering the variable of losses in the beginning or later on is a dumb move, in my opinion, There's always a chance that some user making a huge sum of money from gambling on the website of OP's website but will he pay that or deny that just because he can't afford losses?

I think in the beginning it's better if OP limits the total bet amount to where they can afford the losses to be.

It's very important to know your capabilities, it's true that without calculating your capacity, it will harm your business once a big whale wins.

OP needs to set this thing out and understand the impact if in case he can't afford to pay for such kinds
of gamblers inside his house.

deliberations and better preparations after collecting all this information in setting this business, never to rush
things as it will only lead you to lose your investment.

worldofcoins

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Quote from: bitzizzix on September 09, 2021, 09:57:33 AM

What the OP needs to know is that in every business there must be two things that are certain to happen, namely profit or loss, and before starting you must have a large enough capital and also a strong mentality to accept all possibilities that will happen.
because the name of the business is not just operational costs but how do you have the mentality to answer all the challenges that lie ahead.

That's a debatable reply but in short yes it's true there will be winnings and losses here and there in a business.
But without considering the variable of losses in the beginning or later on is a dumb move, in my opinion, There's always a chance that some user making a huge sum of money from gambling on the website of OP's website but will he pay that or deny that just because he can't afford losses?

I think in the beginning it's better if OP limits the total bet amount to where they can afford the losses to be.

Sterbens

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Quote from: rhomelmabini on September 09, 2021, 09:56:18 AM

Quote from: Maslate on September 09, 2021, 09:41:26 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 think he/she is and as per the last update from his account it seems it's getting better from his/her side. I believe @Sterbens hit it there on what the OP should be taken into consideration first - the legal matters (license and what jurisdiction you'd be in). Marketing, the software, the budget as what OP said isn't a problem should come next (the budget covers the legal issue matters and the team you want to build), just my two cents.

That's what should be built first. However the OP is not really serious about building on his idea. In fact he did not respond to input from all of us. Maybe this is just bullshit. The fact is that building a gambling business is not an easy process. At this time competing will further reduce the OP's interest in the initiative. It's just a wishful thinking that can't be realized without the professional team behind it all.

JackpotRacer

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Quote from: smyslov on September 09, 2021, 09:43:01 AM

Quote from: JackpotRacer on September 09, 2021, 01:18:48 AM

many good answers and info till now

but

no feedback from the Operator Huh

very strange IMO

He last log in two days ago but once he does and he is really interested to launch his own gambling site he has a lot of options and advice to read, hopefully, he can pick the right advice and guide so he can set up his own gambling site and launch it here when the time comes, the gambling community is always here to help people who like to contribute the gambling community.

absolutely correct so let's wait and see if he will show up

bitzizzix

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What the OP needs to know is that in every business there must be two things that are certain to happen, namely profit or loss, and before starting you must have a large enough capital and also a strong mentality to accept all possibilities that will happen.
because the name of the business is not just operational costs but how do you have the mentality to answer all the challenges that lie ahead.
Establishing a gambling business is not easy, you have to really study everything well and also need some experienced and reliable advisors because this is a big business and also requires very large capital and must be planned very carefully and not carelessly.
all good advice for the OP to not only learn the gist of it but prepare yourself very well overall.

rhomelmabini

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Quote from: Maslate on September 09, 2021, 09:41:26 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 think he/she is and as per the last update from his account it seems it's getting better from his/her side. I believe @Sterbens hit it there on what the OP should be taken into consideration first - the legal matters (license and what jurisdiction you'd be in). Marketing, the software, the budget as what OP said isn't a problem should come next (the budget covers the legal issue matters and the team you want to build), just my two cents.

smyslov

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Quote from: JackpotRacer on September 09, 2021, 01:18:48 AM

many good answers and info till now

but

no feedback from the Operator Huh

very strange IMO

He last log in two days ago but once he does and he is really interested to launch his own gambling site he has a lot of options and advice to read, hopefully, he can pick the right advice and guide so he can set up his own gambling site and launch it here when the time comes, the gambling community is always here to help people who like to contribute the gambling community.

Maslate

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Message @Hhampuz if you are looking for a CM!

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.

Topic: Setting up a gambling business - page 2. (Read 765 times)