Topic: Start a Gambling Site - page 5. (Read 8433 times)

That's what I said about unique feature, that's right, new games, new features is the one of important thing which can sustain continues success.

Yes, even a normal looking sites also get more success just because of intense advertising. Give free credits and bonus are the other type of promotions to make any gambling site into more successful. But to sustain with continuous success, we must need new creative games.

The important thing for make a service (gambling or anything) success is promote and how looks your service unique, and have good features on the market. Gambling industry have an own market, although there are some gambling site which more popular, but if you make an unique features on your site, it will be success and will attract more people to join. Also don't forget to make fantastic giveaway and promotion. Good luck.

IMHO websites are probably not worth it.  Too many sites are out, you need  unique idea.  Then you need to build up rep and trust that you are going to pay out, probably with promotions and proof of bank funds.  Then you are going to have to advertise the heck out of it.  Then finally you are going to need great security as well, do all those things you probably will be down quite a bit of cash at first.

Yeah then you need also a hacking shield like anti trojan injector or any script that can protect your gambling site... If you make a simple gambling website without this your site will be hack easily.. Im always reading in hacker forum that some hackers planning to hack a bitcoin casino sites.. I saw that theres many hacking tool like monitoring cache monitoring cookies or any hacking tool... so good luck to make your own gambling site.....

Yes a normal gambling site may not attract many users as there are lot of already available gambling opportunities. I myself really looking for a decent innovative and highly new looking sites for my gambling interests. So, a new innovative site will get a huge success.

Oh yea, because time is all you need... The site hosting with broadband is free, anti ddos is free. All of us can make a good website, it just takes the time and you just need basic coding to make an outstanding site that integrates provably fair option and automatic deposits/withdrawals of funds. You don't need it to be safe or anything, right? Citing a popular actor: "just do it!"

Indeed. Making profits seems extremely difficult right now for several reasons. The main issue is that the userbase is extremely limited and small. Most of the players are the same, no matter what site you look at. And 95% of the players bring very little to the "house" so in order to profit house needs to "get lucky" with the 5%. But this means you first need to make sure those 5% make their way to your site

It is really tough to make a new profitable gambling game nowadays. If you start a normal bitcoin casino app then you will need to have a huge marketing budget in order to grab some market share and to make profits.

Now that makes more sense, because I see so many gambling sites, and it would be almost impossible that all of them had that much BTC I think.

here you go .....https://bitcointalksearch.org/topic/quantum-dice-now-featured-on-moneypot-variable-house-edge-as-low-as-001-1120115 
official thread - https://bitcointalksearch.org/topic/quantumdice-qdicenet-as-low-as-001-house-edge-free-bitcoins-daily-1169279
now you can stop wondering about it

if you have a decent idea and the funds people will definitely throw some money at you, I always wondered why no one ever made a 0.1% house edge

It means if you want to start a gambling site then you will need huge budget to make it work or you will be wasting your time. Everyone think making gambling site means to get rich instantly but it is not because you need to spend budget and also your time , without that your gambling site will not work

NO, you are wasting other people time too ..lol
if you can code all on yourself and  do all other things with much less cost..still you need bankroll unless you act as a broker.

I can state also from personal experience this is 100% correct. I have over 11 years in marketing and sales, closed deals for companies with several millions of Euro on the line. This by far is one of the hardest businesses to market and develop properly. Right now our casino is doing decent by this industry standards however, just to give you an idea from February to the current date; I alone (not including developer hours) have put in roughly 5200 hours this year in work. I spend quite a bit of time in conversation with casino owners in the fiat gambling industry as well and they too have similar time. Total cost to start BetterBets.io with developer hours was around 33k Euro and that's because my main dev is also one of my best friends and business partner.

The biggest misconception is that this is some simple way to get rich on Bitcoin when in fact it could not be further from the truth. You will have to work harder than your day job and spend countless hours trying to develop a long term strategy to keep players happy.

Edit: This business is a labor of love for those who not only care about their casino but the promotion and services that back Bitcoin itself.

Hmm.. So basically if I wanted to try and let someone here me out, and only had around, say, 1.5 btc to start out with.. I'd be wasting my time, right?

Slightly relevant, a couple weeks ago this guy approaches me to build him a casino. I told him I'm not really in the business of building casinos for other people, but he insisted that he needed someone he could trust to build it and he'd make it worth my while. So I decided to hear him out, and he explained his idea, and showed me his mockups. It seemed all pretty reasonable, and quite simple. Something that could probably be done in a month. So after a long speech, he finally started talking about consideration, and said that he'd be willing to pay 20, 10 before and 10 after it was done.

So I'm thinking I don't really have the energy to spend a month on someone else's project for 20 btc, but 20k USD on the other hand is something I'd have trouble turning down. So I asked him to clarify. No, $20. As in $20.00. Apparently he already has the idea and the mockup, so i just need to make it work. At that point I politely ended the conversation, and wished him luck finding someone else. (Which seems to be a good negotiating tactic, he later emailed me a 50% increase in the offer)



(Anyway, I don't mean to make fun of him. Many people are unaware of much energy, time, skill and care needs to go into coding. I get the impression that some people believe you just load up a form, tick a few boxes upload a config file and you're done)

People here really should study NLNico's post. Just to add to his points, you'll be lucky to find a reliable, qualified programmer you can trust for $100/hour. I've paid several people online for work, and the vast majority of cases have been total disasters. The last time I paid what should've worked out to ~$100/hour I ended up with poor quality, half-finished code that I needed to completely refactor myself. (I'm sure this gets a lot easier if you have stable work to offer. But it's rarely as simple as "find someone who can code")

People on BaB chat often speculate how hard it'd be to cost to run their own (the source is open), and most people seem to believe they can host it for ~$6 a month (on something like DO). While you can indeed host a dev version for that, in reality, i'm spending over $500/month on database hosting costs alone. (That's to have a replicated database (in different datacenters), streaming and nightly backups. Even a few minutes of dataloss would be completely unacceptable, you really can't tell people "sorry we lost all your bets since the last nightly snapshot!". Add in all the other hosting costs (bitcoind, webserver, cf, depositor) and it's starting to not look pretty.

Another good example is DustDice.com that's something that I personally thought would be an instant-hit, but to date it's only clicked with a very select few (ironically, one of which was a whale who raped the site) and it's not financially even come close to paying off its development costs. Fortunately the bankroll is used for multiple sites, otherwise it'd be a total disaster tying up 500+ btc just so a whale could play, who rarely plays.  To add the extra features that might making it more appealing (streaming all-bets), it basically needs a total rewrite at this point as well. While I still like the idea, at this point it's a bit of a write-off.

And I also think the market is a lot smaller than people realize. I believe BaB is the 2nd most popular bitcoin casino/game and I'm pretty sure I make less than I would working at a big tech company with significantly less stress and guilt.

maybe it is a good estimation for making a website  but i doubt we are here to build one ? there is a big difference between just a website and a gambling casino...its a business ,investment ...etc..not just simple website.

People just thought that if they have gambling site then people will come in and put their money there and play.

I welcome all of you people to check moneypot and see from 600++ apps there how many apps is a success there. Some of the featured apps in there has a very little activity as well and most of the owner is not making anything