Setting up a gambling business - page 6.

cafucafucafu

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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.

My advice is that you should not be using other templates to start your casino.

Whilst tempting, you are going to get a completely mediocre site design that is not going to last long, attract players, or produce yourself a profit.

Also, just be transparent when you first start out. Sign a message where you can show that you have sufficient bitcoin reserves to pay out any wins.

acroman08

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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.

if you have the capital, better to hire someone who've experience in the field. sure members here could give you advice on what to do but in the end someone who has experience would give you a more informative and detailed ideas on the field. also, if you plan to hire a programmer, better learn how to program too. there are programmers who will make a loophole in order to abuse your website.

YOSHIE

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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 need any other advice, if you want to start a gambling business and make a profit.

I've seen a similar thing wanting to run their gambling business here asking for some advice they're doing it.
Try to read the two history threads below, these two threads will show you a better idea in doing the gambling business.

1. Topic: [GUIDE] Online Gambling Affiliate - Make Money Promoting Online Gambling
2. Topic: How to Start a Bitcoin Casino/Sports Gambling Business

And this one is additional advice that has been in the language and has some ideas to take.

3. Topic: Where to open an online Bitcoin Casino

Good luck and success in running your gambling business in the future.

dustboy

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The most simple and the fastest way to start your own casino is by purchasing a ready to go gambling software but you need to do a lot of researches to find the most reputable/reliable software provider. But if you want to have a unique casino, you have to hire developer/programmers. It may take longer time for you to get the casino ready and may cost you more money. My suggestion, go find a person that you can trust who have great knowledge about and experienced in online casino.

freedomgo

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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 already need the capital, so I guess you have the basic requirement to start a business.

However, without enough knowledge, you cannot run a business successfully, you need a team to run the business, which means you have to hire experts in this kind of field, and not only that, aside from the operation, you also need some advisers to ensure that you will not be scammed.

I guess you have to start educating yourself first, it should start with the law in the gambling industry so you'll be safe against the regulators, and then the strategy on how to compete in this big market.

bitterguy28

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“FRX: Ferocious Alpha”

You must learn first what are the types of gambling that you wanted to pursue because there are so many gambling available and you cannot just
ask for operation when you have no full knowledge about what kind of business you wanted to operates.

then Hire team like what the above posts given,there are many available here and best to look for correct person here

https://bitcointalk.org/index.php?board=52.0

since you have a funds so i cannot see anything that will hinders you .

Fundamentals Of

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If you have the money, you have what it takes to start the ball rolling. I guess the first step is to have an idea as to what you want to build and create because this is what you need to relay to your people or team as soon as you have already gathered them. Of course, when you have it already then you will list down the talents and skills you need to have. You will be hiring people based on this list.

But first I think you need to expose yourself well to the business for some time before completely jumping into it.

Shasha80

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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.

It's not enough just because you have a large capital and also like to play gambling, you can build a gambling site successfully. You need a lot of
people who have to help you, especially most importantly you need a programmer who is experienced in the gambling industry. Then you need
someone who knows the law, to help your gambling platform get a license. No less important is a solid marketing team, which can make many
gamblers able to play on your gambling platform. All of these things require a large sacrifice of time and money, then maybe you can start making
profits after a few months. So think again if you are ready with all that.

Kong Hey Pakboy

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You need to learn how to manage given what you've just put in your thread, I assume that you don't have the adequate knowledge to operate a gambling site, not to mention that you're going to be needing a lot of money to be able to operate in a stable fashion because it's gosh darn expensive to maintain a gambling site including the taxes.

ralle14

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Quote from: timerland on September 07, 2021, 05:07:14 PM

Whatever you do, please don't set up another crash site.

There are simply too many of them around right now that have had no innovation whatsoever.

Blindly copying/pasting code from a template is not going to attract you a lot of players at all. You need to truly differentiate yourself from the rest of the crowd and have a well funded operation in order to survive.

Why not ? I honestly think it's not that bad to start another crash site even though there's a lot of them you can still stand out just like some of the dice sites we have now. Like you've said it all comes down on how OP could make his game more unique and stand out against the rest of the competition. For example rocketpot used to have a unique crash game where they have three jackpots. After that he could start adding more games or other features depending on what their player wants.

Dave1

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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.

As others have said, you need to hire programmers to do the code for you. I can't recommend you anyone, but you need to be very careful in choosing the individual or companies that you are going to hire. Not saying that they will scam you, but there are chances that they might inject some backdoor into the code. So hire someone with reputation or the experience to developed your gambling business, so best of luck!!!

Wexnident

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Well good luck with that, there's a bunch of other gambling casinos out there that have been operating much longer so the competition you'd get would probably be a lot. First few steps should be quite obvious, get a license to operate a gambling business, get some programmers and probably some other staff as well that would handle the day-to-day operations of the casino, then next would be understanding the name of your casino to other players, like for example, here. It'd probably be difficult for the casino to make profits if you don't have anything new to it or if you can't get it's name far, so do be careful with that.

Hydrogen

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Gambling is a competitive market. Over the last 10 years, some crypto gambling ventures have thrived. While others have gone bankrupt.

There were crypto based sports gambling sites I used around 5 years ago that went bankrupt and sent out emails informing account holders they had 24 hours to withdraw funds or they would be lost forever. There were others I've seen who resorted to desperation measures to stay afloat. Offering a share of their profits in exchange for funding liquidity, in an attempt to stave off a negative balance sheet.

While a lot of money can definitely be made. Its common for money to be lost as well. The gambling industry is somewhat resembling the silicon valley dot com bubble. With many looking to get in, expecting to make easy money by simply throwing more money down the rabbit hole.

Hope everyone succeeds. Hope everyone takes whatever steps they need to succeed. But there have been many who have not, which could mean the barrier to market entry could be high.

Kyraishi

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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.

Definitely make sure that you are well capitalized first before you move ahead with your plans.

Also ensure that you are hiring the right people. There have been plenty of instances of failed dice sites/casinos due to internal security flaws.

Keep the games simple. Don't try to do too much at the start because there is simply no reason to. Focus on one game or two.

Zilon

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Bitcoindata.science

You don't need to have a pre-knowledge about coding to embark on owning a gambling outlet or gambling bsite. You can hire a back-end programmer but for it would still be nice as time goes on you get the knowledge as well so you can fit in properly into the business and give your site the very taste you desire

AmoreJaz

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Quote from: timerland on September 07, 2021, 05:07:14 PM

Whatever you do, please don't set up another crash site.

There are simply too many of them around right now that have had no innovation whatsoever.

Blindly copying/pasting code from a template is not going to attract you a lot of players at all. You need to truly differentiate yourself from the rest of the crowd and have a well funded operation in order to survive.

this is actually important, do you really have the bankroll needed to survive in this business, even before you start earning to survive? how long can you wait to get your first few hundred bucks of profit? setting up is definitely easy. but maintaining the site and not be discouraged by what it may turned out is another thing. you can't expect that your game will be a hit at first run. also, it is better to check the gambling board and see for yourself bout the site threads, and you will get a very comprehensive insights on how they run their business.

timerland

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Whatever you do, please don't set up another crash site.

There are simply too many of them around right now that have had no innovation whatsoever.

Blindly copying/pasting code from a template is not going to attract you a lot of players at all. You need to truly differentiate yourself from the rest of the crowd and have a well funded operation in order to survive.

DoublerHunter

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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!

^ 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.

Lucasgabd

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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!

blockman

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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.

Go to the Gambling(https://bitcointalk.org/index.php?board=56.0) and then browse there, look for those specific threads that are offering a service of building your own casino. They're going to do everything that you need but after that, it's all on you on how you'll maintain and market it.
There should be another budget for the marketing because it isn't easy to give attraction to your casino especially if it's just newly launched.

Topic: Setting up a gambling business - page 6. (Read 749 times)