Setting up a gambling business - page 4.

Fredomago

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Quote from: ReiMomo on September 08, 2021, 03:54:59 PM

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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.

You have the capital then there should be no problem here, you can start buying the things that you may needed on putting up an online gambling and I do also suggest to hire a good team with regards to this one, because its hard to do it alone.

I guess there's a problem even OP has a fund as capital to start the business, I am thinking about how the team should be trusted too that you can trust. This is very important because you will never know they are milking to your fund and right after they will disappear. It should be can be trusted or there should be a contract and as an owner, everything they do you must study, dont rely on your staff and the developers, they will I guess having a nad inetention.

OP needs to at least learn the basic before hiring someone or teaming up with someone, even he have funds to finance this business it still difficult for him to entrust his money to anyone, unless he'll take some time to learned the basic coding just to have an idea on how the business will work.

Though everything is available online with the right amount of offers, he can hire coders and he can tie the business up with the online gaming developers.

But the fact remains, better not to start something that you don't any idea, invest with your knowledge and be prepared with all the risk that accompanying your target business.

ReiMomo

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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.

You have the capital then there should be no problem here, you can start buying the things that you may needed on putting up an online gambling and I do also suggest to hire a good team with regards to this one, because its hard to do it alone.

I guess there's a problem even OP has a fund as capital to start the business, I am thinking about how the team should be trusted too that you can trust. This is very important because you will never know they are milking to your fund and right after they will disappear. It should be can be trusted or there should be a contract and as an owner, everything they do you must study, dont rely on your staff and the developers, they will I guess having a nad inetention.

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Quote from: Smartvirus on September 08, 2021, 03:15:07 PM

[...]I mean, the capital in this aspect doesn't end at hiring a programmer to set up the whole thing and hiring staffs to watch over the whole thing. The start of a business especially one that has the possibilty offline high returns over small investments or stakes in this case like gambling always poses some risk at the early phase.[...]

I fully agree,
Mainly because in the beginning it's necessary to invest heavily in Marketing and Promotions.
This area, Gambling, is already quite saturated with several sites of all kinds, so giving visibility to the site itself with a lot of marketing and attracting users'
desire to visit them with really captivating promotions is something that costs dearly.

In fact, it's necessary to be very well prepared financially to face the first few months of loss.

Smartvirus

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My focus is more on the capital, are you absolutely sure what you've got is enough?

I mean, the capital in this aspect doesn't end at hiring a programmer to set up the whole thing and hiring staffs to watch over the whole thing. The start of a business especially one that has the possibilty offline high returns over small investments or stakes in this case like gambling always poses some risk at the early phase. Supposing you've got less patronage which is likely the case with start ups and you happened to have a big win on your platform, far above what your profit your customers, its going to weigh heavily on you and your platform would be considered a scam.

So, you really have to be well prepared on the finance side, big wins happens and anytime.

coupable

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Quote from: BIN-BIN on September 08, 2021, 04:14:34 AM

I will advise you to meet some team that is already in the gambling business and have a successful operating gambling site to seek advice on how to go about it rather than relying on some random advice. As I earlier suggest, get a good programmer that will work on the coding for your site personally.

I read many replies and many advices are good to help, not just random advices.
One single dev won't really help. Building a casino is a team work and no one can create it individually wihout calling for help [without to mention laws and juridictions in op locality or wherever he wants to lunch his project]. As also running a casino isn't an easy task that can be made by a single person.
Seeking for advices here doesn't mean that Op aims to fnd the easiest cheapper way because this is almost impossile either you hire a team from bitcointalk or from outside the forum. Building and running a gambling website should cost a fortune. Seeking for investors should be the first op goal .

tippytoes

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Quote from: uneng on September 08, 2021, 02:44:10 PM

The most accurate informations that may help you you will find by talking with someone who already has experience in the gambling industry. Here you will hear many different opinions and guesses based on the personal beliefs of each one, but not necessarily on their own personal experiences.

The only thing I can recommend is that you look for a trustful programmer expert who can at least assist you when dealing with another programmers who will work in your gambling site. Also, make sure to hire employees in a legit platform or just pay them after the service is done. This way you won't get scammed or end with a poorly made website full of bugs and security flaws.

Anyway, before spending money in this project, make sure there is enough demand and make sure you can stay competitive in this market.

This is very true. As we have a lot of casinos already, staying afloat is too difficult because of competition. You need to stay relevant so the interest of players will be sustained. Even if you have bankroll to sustain the first few months, still it is not enough to rely on the thought that you can easily get profit after few months or so. Do you think you have the capability to attract these gamblers and dedicate their time to your site, some things to consider as these factors will only be revealed once your site is up and running.

uneng

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The most accurate informations that may help you you will find by talking with someone who already has experience in the gambling industry. Here you will hear many different opinions and guesses based on the personal beliefs of each one, but not necessarily on their own personal experiences.

The only thing I can recommend is that you look for a trustful programmer expert who can at least assist you when dealing with another programmers who will work in your gambling site. Also, make sure to hire employees in a legit platform or just pay them after the service is done. This way you won't get scammed or end with a poorly made website full of bugs and security flaws.

Anyway, before spending money in this project, make sure there is enough demand and make sure you can stay competitive in this market.

ScamViruS

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As easy as taking a team from online for the purpose of managing a gambling platform, but even harder to find someone trusted. Because you will find a lot of people who will want to work with you for their own benefit, but at the end of the day you will see that you can't go far with the project then it will create a very bad situation. Hire a good developer and hire a good advisor who can guide you in the right direction.

Because running a gambling website is not an easy task, you need to be aware of various issues including laws. And running a gambling website is costly enough, you must keep that in mind because you may not make a profit in the beginning.

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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.

Since you don't know to program then it's best to consider the option Lanatsa proposed by hiring front and back -end- programmers.

I'm sure if you talk to a freelance programmer on well-known sites like Upwork and freelancer then you would find some good way to build a gambling website.

Alisha-k

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Get a good programmer to do the job for you while you manage the site or still have the programmer do the management for you. You should also find out the laws governing gambling business in your locality so you don't spend so much on developing a gambling platform only to shot it down due to restrictions and unfavorable rules

watergold

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Quote from: BIN-BIN on September 08, 2021, 04:14:34 AM

I will advise you to meet some team that is already in the gambling business and have a successful operating gambling site to seek advice on how to go about it rather than relying on some random advice. As I earlier suggest, get a good programmer that will work on the coding for your site personally.

but will it be useful too?
because of course if you ask business people who are actually involved in gambling it is very good but it does not guarantee that they are telling the truth.
not without reason, they certainly will not be stupid to provide information to their potential competitors.
except maybe if our intention to join in terms of capital it will make more sense.

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

RealMalatesta

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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.

There are way too many ready-made codes these days, so you could just simply get one that is very much loved and trusted by the community. However it is always money, because without money you could never have a proper casino and nobody would come to visit your website. At the end of the day, it is something that you would have to spend on marketing, spend on staff, spend on servers, spend on security, spend money on basically everything. The highest amount is always marketing, because you could spend 10k dollars on marketing and that would be basically nothing, in any other situation spending 10k on a new startup is a good amount of money, but in gambling that is nothing.

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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.

You can hire developers, programmers and advisors when you have enough money and with the clear idea. There is no need for technical level skills to own a business but if you have then it gives better understanding than a common one.

But operating a gambling site is not simple as you think if you are not aware of it since every gambling sites needs license and they have to huge fee every year for that license.

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Quote from: DoublerHunter on September 07, 2021, 05:00:01 PM

Quote from: Lucasgabd on September 07, 2021, 04:38:29 PM

Quote from: BIN-BIN on September 07, 2021, 03:13:44 PM

It will not be an easy task to establish a reputable site as it will require lots of effort and computer programming knowledge, gambling business environment has been a competitive one lately and you will have to hire the best set of computer programmers to help build a suitable gambling platform.

yes, definitely will need a programmer and a designer
you can search on these freelance websites maybe? like fiverr or upwork
better to hire someoe that has a track record and worked with other clients before if you're looking to do something professional.

good luck!

^ Must be a professional programmer and designer that won't ever let you down.
It is really hard to find someone at this moment, that is truly working hard for you and never scams you in the end. I suggest finding near you first before looking at random people on the internet, it is better if you will interact with the programmer physically than the virtual one. We never know you are dealing with the scammer all your money will be gone as your capital. So be careful too.

yes, with web3 and solidity, integration with injected browser and metamask there's definitely a lack of good professionals on the market since most of the good ones are already busy working on other projects

I bet it's a market that will grow a lot in the coming years
we'll see

tyz

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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.

Do you have a license to operate a gambling business? If not, get one first. It will not be cheap, depending on the country the gambling business should be operated from. Furthermore, you do not need any programming skills. There are many providers who specialized creating slots and gambling tools you just need to buy and install. If you then still need some technical help you can hire someone, a freelancer for example. However, I don't recommend to run such a business if you need to ask here for help. You should at least calculate with $1mln+ as capital you need to be at leat a little competitive to all the big players out there.

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Quote from: Lucasgabd on September 07, 2021, 04:38:29 PM

Quote from: BIN-BIN on September 07, 2021, 03:13:44 PM

It will not be an easy task to establish a reputable site as it will require lots of effort and computer programming knowledge, gambling business environment has been a competitive one lately and you will have to hire the best set of computer programmers to help build a suitable gambling platform.

yes, definitely will need a programmer and a designer
you can search on these freelance websites maybe? like fiverr or upwork
better to hire someoe that has a track record and worked with other clients before if you're looking to do something professional.

good luck!

It is ideal the advice you give, but don't forget the risks too, because no matter how far the reach of people who are far away and cannot be proven by the reality of their physical performance, will it be something that smells of fraud. Often offers programmer services as well as design services but underneath it all there is a way to find an upfront payment.

If the OP really means it, use these reputable forums and look for members who can provide reasonable assurances for what he's looking for.

maju69

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It is difficult to find a team and people you can trust, so in my opinion this will be a big obstacle and there will be no progress whatsoever in building your gambling business. Then what can you do so that all of this can be resolved and form a business that you can fully manage? what if you end up choosing a physical casino.

Kittygalore

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Quote from: ipanks on September 08, 2021, 07:50:02 AM

Quote from: Kittygalore on September 08, 2021, 04:27:56 AM

~

It is not easy to find the right mentor, especially if he searches for the right person from the internet because he can meet people or groups that only want his money. But he can hire a freelancer from the website outsources and make a deal with those people to start his work. I think hiring some people from the website can be a good idea, but he needs to calculate his budget. Or he can ask his friends that have skills in coding so he can discuss everything with them.

Then don't look for them online, there are coaches out there that's offering their services out there in the real world and a mentor isn't someone you just found instantaneously just because you were looking for something.

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Quote from: ipanks on September 08, 2021, 07:50:02 AM

Quote from: Kittygalore on September 08, 2021, 04:27:56 AM

Quote from: BIN-BIN on September 08, 2021, 04:14:34 AM

I will advise you to meet some team that is already in the gambling business and have a successful operating gambling site to seek advice on how to go about it rather than relying on some random advice. As I earlier suggest, get a good programmer that will work on the coding for your site personally.

If OP wants to spend less, a mentor can probably do the work and OP can just form his/her own team from scratch to try and make it as square one as possible. But if OP has the money to create an established team, they'll be setting up things much faster than a regular team made from scratch.

It is not easy to find the right mentor, especially if he searches for the right person from the internet because he can meet people or groups that only want his money. But he can hire a freelancer from the website outsources and make a deal with those people to start his work. I think hiring some people from the website can be a good idea, but he needs to calculate his budget. Or he can ask his friends that have skills in coding so he can discuss everything with them.

Another thing is that not every gambler can start a gambling business. You not only need to have good amount of funds to start this business but at the same time you need to give a lot of time and dedication to this project. This is a full time business which can give you god return if you work hard but initial investment is high in this business.

KTChampions

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Quote from: BIN-BIN on September 08, 2021, 04:14:34 AM

I will advise you to meet some team that is already in the gambling business and have a successful operating gambling site to seek advice on how to go about it rather than relying on some random advice. As I earlier suggest, get a good programmer that will work on the coding for your site personally.

It is easy to find a team that will make a gambling site, which means it is easy to find out the price of this issue. The problem is different - marketing. The most difficult and expensive thing is to attract customers, and here the costs are very difficult to estimate in advance, since most niches have already been divided and competition with already running projects can be too expensive.

Topic: Setting up a gambling business - page 4. (Read 765 times)