Topic: Start a Gambling Site - page 6. (Read 8433 times)

Pretty much all estimates in this topic are a joke :X

- $200 - $400 to develop a gambling site? "the coding can be done by anybody and it is easy"? Lmao. If you want to be hacked or scammed, that sounds right. But if you want a trusted and good developer, you can add some zeros to that amount and be surprised how difficult getting such developer is.

- $6 a month for a VPS? Can be... (my site easily runs on such VPS) but you can't expect to process millions of bets a day on that The bigger sites generally do pay hundreds of dollars a month for proper servers.

- PD earns 100 bitcoins a day? It's actually easy to have a theoretical estimation of profits. Just look at my site. HE *  wagered, easy. Variance can be more sick than you think though.

In addition people generally overestimate their genius ideas, no offense. Perhaps it doesn't exist yet because people don't care for it. And altho unique ideas can be awesome (like bustabit), sometimes people are hesitant to try something new.

Actually there are some unique games that I like, for example 64blocks.com - and it's even properly developed / good UI / etc. Still almost no traffic/players. Good unique idea, properly developed, trusted owner (Dabs), .... still no players. Just put in some "marketing" and "SEO" is also a lot harder than you think



Overall: people highly overestimate how easy it is to get a gambling site running with a decent amount of players.

Yes starting a innovative new gambling sites would be more profitable than starting alt coin exchanges.
People always will be ready to gamble if they find funny things rather than profitable gambling. Many people are here who just gambling only for pleasure and joy not for making profits.

If you want to create the same old gambling site without bringing anything new to the table then not sure. But there will always be room for unique and innovative ways to gamble. I don't particular like same old house edge casinos or dice site, they provide a service that sometimes is good for quick fun but in the end you'll lose. Fantasy draft leagues are hot right now (not in Bitcoin but you know, FanDuel, etc), sports betting is a good option if you create one with a twist, etc.

It's just how you market the idea and the usability, if you create something very easy and appealing to use you'll be miles ahead of the competition.

In order to start a good site you are going to need a new good idea.  The problem is there are so many dice sites, and since they offer the best house edge it is tough to compete with them.  You will need a unique idea with a low house edge and have to have many promotions to get people to the site.

$4000 would definitely be way too much.  If someone is just trying to start a PvP site where the site doesn't need a bank supply to ensure that they can pay out the winners, since it will be players playing against each other with their own bets, then all they would need is money for someone to code (if they already can't) and money to host a site (if they predict they wouldn't have the bandwidth to support incoming traffic).

the $4000 capital doesnt all have to be for development and for site maintenance, the money could also be used as capital for bets placed on the sites and such. although $4000 seems like quite a high number to me. but ive never made a gambling site so what do i know

I agree with the fact he needs little be contacts with partners like experienced people but doesn't need a capital of 4000$.Websites developing has become so much cheaper now .For 200$ anyone can develop a full fledged gambling website ,maybe they will ask 200 extra for bitcoin API but its still less than 1000$ he can spend rest of the money for the most important part SEO and traffic .

Many gambling sites are popular among the gamblers. Most of the gambling sites are  popular mainly because of the popular games on that sites. Sports betting sites are also very popular as many people follow sports and they think that they can predict the result of the match so they focus on sports betting. I believe that sports betting site will be more successful.

People still go crazy on Bitcoin dice but there's a steady stream of new Casinos that popup weekly. I think the market is still open to new ideas but those seem hard to come by these days.

I don't think you need money or you need to hire people as such .You need initial investment which is TIME !To start a gambling site you need a creative idea ,not saturated stuff.people will come to your site if they see fair games and profit .Start off with some free website building tools and they are totally free! Once done you could learn basic coding to design flash based games.So many freelancers do it for very cheap prices and I wont count that as  a big installment .

And you need a parters for this bussness and some assistance to  have a good support from gamblers..
Making a website is to long to make then also css design database and scripts...... I think you need a capital around 4000$ .

You'll still need money to start it and even more if you need to hire people to built the site for you. This is a serious investment.

you don't need to know anything about coding. you just need to have a "good" "new" "idea" then you can hire somebody who does the coding for you.

the hard part is the idea, the coding can be done by anybody and it is easy and also not that expensive.

Of course not. Some are built as Moneypot apps and the owners don't need any bankroll for the site to work. Some are built as a standalone site but is only accepting small bets, while some take bankroll investment and thus the owners only need to contribute a relatively small amount themselves.

Really 300+ BTC as a minimum for opening a casino? I see so many popping up (at least dice), do they all have that much?

those calculations dont answer how much bankroll you need to open a website its just statistics and probables..
i would advice a minimum of 300 + bitcoins bankroll for any gambling casino.

It depends on how much risk you want to take, and how large you want the max bet or max profit limit to be. By Kelly formula, the max profit should be bankroll * house edge %. So if you want your max profit to be 1 btc with a house edge of 1%, you would need a 100 btc bankroll.

What kind of bankroll would you need to open a dice website?

if you have any good idea or something really different from poker and all that stuff then it could be profitable in the long run ...
but definitely not a dice site again...

i believe it might be really profitable to create a new gambling website as people will always want to gamble on an interesting website