Bitcoin Forum

So.. not sure if this thread has been made or not!

What does it actually take and need to start out a new sportsbook/casino/dice site?

What amounts needed to start up, what providers for themes/scripts all that stuff etc?

Can you all give a input please?

I think it needs a lot of investment if you are planning to start making your own bitcoin gambling business i think 30-50 btc is enough for start a sports betting site.. paying for a developer or buying own gambling script it can costly around 0.1 to 1 btc or more depends in the design and how many games inside the script.. also you can't manage it by 1 person you need to build a group. You should have support to maintaining your site active, developers and i think you need to pay also for beta test of the site just to trace some bugs to prevent frauds in your site..

If I'm not wrong these things already discussed many times.

I think you need surely more than 30 BTC to run any gambling site because if your bankroll is small then your chances of success will be less in the gambling business. Also if you want to be a success in this business then you need a very strong development team to handle the website. You can't just use any script because people expect a unique design and if someone tries to hack your site then need a technical people to handle those issues. You need to spend a lot of money to market your new site to attract players.

My opinion:
For begin you can start easy dice site.
For start need min 10 btc but better 20btc, if you have lower then 10btc don't try this deal..
many dice site open and close after 2-3 month, this is not easy.

i have seen so many of the same questions asked in this thread all over this forum... i understand you not getting the answers you may want but you also asked a question that a very simple search could have answered !

why do you need $30k to run a gambling site, there isn't just a placeholder for all these dice game like with forum community? they all look the same after all, if this is about site design still $30k is too much for a simple interface that many gamble site use, if you really need 30k, it's not worth it to run one, unless you earn $2k minimum a month to have one year ROI

The themes scripts and developers will not much of the money but after that you will need to advertise your casino as without that you will not get any benefit from your site or will not get any traffic to your site and your site will fail as many of the current sites are getting failed because of lack of advertising.

Actually all "Gambling" section is working as announcement thread, so I think the next sub-topic is not needed.. but why not? Maybe it will work out..  ::)

30K usd =
hosting + script.
advertise packs..
also need good bankroll for pay winnings.
promo etc..

this is not easy how think many peoples :)

It is upto the domain you are choosing as URL for the website, Website front end and back end development cost, gaming fund you set in the site must be your holding wallet or cold storage. If you are fine with the all the mentioned investment. You can easily start any type of gambling site.

$30k would be sufficient enough and i see this price budget would really give you a decent gambling site rather than on thinking on limiting your budget as long you can able to rush up things.There are lots of things to consider and proper planning before you do plan on making gambling site.One is uniqueness,seeing on the market there are lots of types of games,better to think off on a new game that crowd doesnt still tried to play yet.

Guts. Dedication. Seriousness. Big Bankroll.


Scripts, building website, design and layouts, developers, domains are somehow can considered as cheap or not expensive. You need to put big money on advertisement (you can choose to lowered the budget for this but today with lots of famous gambling sites, you need to match the competition so a big money is needed here) and bankroll as you must have the ability to pay all your users. Just set a maximum bet for it.

You'll need money and lots of it. you have to hire coders, advertise. it'll cost you a lot to keep the site up and running, it's not an easy job as many think it is!

Depends. if you want to run a site with max win say .5 BTC then probably 100-200 BTC(i think). it's best to hire coders to develop custom script/site.

One thing for sure - if you think good developers are cheap, you are wrong. If you are not a developer yourself and want to create something unique, prepare to spend A LOT on decent development.

Another thing I agree with - there are more and more decent (and already established) dice sites and it's getting really hard to compete.

I launched YOLOdice last December and it's nothing like "easy money", really. Running a new dice site is a hard job, plenty of challenges.

My advice: look at the existing dice sites, but not only these "top-popular". Look at all that failed. Browse this Gambling thread and look for ANN threads of all dice sites you can find. Most of them just fail dramatically, even if they are pretty cool.

Cheers,
Ethan

Wouldn't suggest investing and starting a site if you don't have a new idea. The market is already too saturated, with 3-4 players in almost each sector like casino/sportsbook etc.

If you do start, you would need atleast 25K plus for funding a sportsbook(based on my research).

It depends what are your intentions (I mean you want to beocme a top gambling website or a regular one).
I think you can start with a low budget too, something like 10000$.
You need a good website (secured, 100% functional), a good hosting (dedicated prefered) and a good developer.
If you don't have money for bankroll, you can integrate it with Moneypot.

Big funds means Big future you can get for your plan sportsbook and casino business its because you can maximize the security,advertisement and other license to make your gambling site business run smoothly but if you only have short budget for this surely your site well be rotten since many abuser will attack your site since its so vulnerable for them to implement their abusive acts. 10k$ or more is decent amount to run that business.

I think you need a lot of coins. Probably 30+ BTC because you not only need to have coins available to pay gamblers profits if they win, but you also need to pay a dev team to create and maintain a site. This part is probably very expensive, since you need security and a good script with no errors, so that you don't lose money. You will also need to advertise, create a support team, and probably have some coins for promotions, so you can built a good players base.

Honestly as I have experience on this kind of ideas, first you need to do the product itself(must be unique, if there is nothing new, community will just snob it), next, market it(for people to actually like it), but as I told, if its unique and enjoyable, it can market itself easily. Then third, retain it properly, hire professionals on maintenance, bug fixes. Like that.
The thing to consider, if you will really make it, You need at least 100BTC for it be successful. You need it for bankroll, for the steps i listed above., and more importantly the license of your made site. depends on the country or jurisdiction you are living in.

It depends on what games you are really into. As I know to open some new site(mostly dice site), ypu do not really need that huge amount for now because there must be a lot of things to change. Better some of your money put it into developing some sites. If you think about bankroll, may be you can opened some investment, lot of people want to invest on your new site if it seems promising to them. So I can say around 10-15 btc will be needed. But not for long because you really need more in the future for giving a better site for players

There are lots of third party casino and sportsbook white label service provider out there, you can either use those pre-made and working script to host your own casino or sportsbook and take the cut or start your own casino with simple games like dice, roulette, plinko etc and use your own bitcoin as site's bankroll using custom script or by modifying already existing scripts.

It is hard to calculate the total cost to set all this up, but it might take around 2000-3000 USD to just start it off and you should also add some funds for initial marketing and advertising.

sorry for late answer but saw just now.
Creating a casino website isn't easy. At first you need license (only not for dice) for that with a lot of money. Creating takes a lot of money, you have to contact slot software owners like igrosoft and etc, also company which can to send you bet odds and need information and also a group of developers to always develope website and services and fix all issues. And than you still need a lot of money to cover wins if this will happen :D But finally you will profit

Yeah we already discussed this topic many times. No, to open online gambling does not require that much money. I say like that because now bitcoin price is high enough, remember not all gamblers will win while playing on their site and I think if he want to open online gambling may he only need about 10-15btc.

It majorly depends on what type of gambling sites you want to start. For a simple dice gambling site, IMO 10BTC budget is enough, if you want to advertise it widely then 1-2BTC extra. I think that is more than sufficient. You can find website developers, hosting plan sellers as well as advertisers here, so try to get the best price.

Do you think a simple dice game will atrract players? With all the available dice sites in this gambling industry, low budget will not able to compete with other popular dice sites. You also need to think about bankroll, unless you are going to use moneypot.

Just my own opinion if i do have the money i would really not tend to use up moneypot better to go off solo and as you said cheap-design low cost budget gambling sites wont really do much when it comes to design and interface of a particular gambling site.It wont really attract potential players on the site rather than they will normally go to well designed and reputable site instead of yours.

I guess there are some the same thread already but I can't do the digging.


For me, script, team, legality and what is the most important is the budget for your starting gambling site.


I don't have an idea on how much are the scripts for a gambling site or a certain game exactly. But 10-20 bitcoin I guess is already enough for you to build your own.

Well if there's a new gambling site, gamblers are already expert and updated to it but since I'm not an expert and I'm not into gambling, I'm not aware of the new site. However, if I am informed to it despite without any knowledge, I would be interested somehow because I can inform others those who are fascinated in gambling. Some people can't live without gambling in their daily routine so I guess it's pleasurable on their part.

Take it from those who've run casinos or gambling sites active here on bct. They'll be the first to tell you that it's not easy and requires full-time dedication. I've seen some who say developers are not cheap. Tell you what: nothing good is cheap - design, coding, content, marketing. These are all easily available online, thousands of freelancers out there.

Some people understand the cost of quality. You should be willing to have the same understanding if you want to start any online business.

Yes that is not the case these days. Basically it almost every week or so when a few website open up out of the blue with really crappy designed or some copied script gambling site and they expect to be the next Primedice.

Also what is worse is that these sites basically do it with zero-risk. They have no bank roll so if they get a huge month of losses (for them) they will just say "hot wallet is empty" and will shut down and open another site a few days later.

Casinos aren't suppost to work like that.

So we must avoid that one so that we will not get any problem upon playing at them and OP should consider to have huge bankroll on this so that people could really tell that they might in the best site playing, But aside on all OP's Inquiries Surely This Gambling business dream would surely cost him a lot since Running this kind of business is money waster since you need to put more money so that you will be known in public.

And All things would surely work on him if his transparent on all things outhere.

This is just a solution:-
                    Gambling is a total loss for the one who uses it, but if you want to develop a gambling site, you can earn a lot profit.
i personally dont use gambling site anymore, but there are a lot people using gambling site. For promotion you can also start a new signature or avatar campaign over here. You can promote it in many ways like promoting on bitcoin giving websites like freebitco etc.

You would probably at least need 20 bitcoins or more. The cost of development and securing it will be the bulk of operations then you have to leave some more money for the bankroll of your site if you will not open investments. I would advise to just invest in casinos than creating and running one yourself.

I think other considerations, aside from the amount needed, are the white label service provider you want to be associated with, the games you want to focus on and how you are going to market your casino site. Better exposure means better chance to attract depositing players as soon as your gaming site is live.

Thats why he need a lot of balance to promote his site for long since low time exposure is so useless since people might be appealed for those gambling site who promotes their site very well. Try to look primedice,bitsler,betcoin ag and crypto-games they had been successfull for the fact that they are willing to spend to get their success and to run for more years.

You need a lot of money to build new gambling sites may be around 50 bitcoin for start the new site. all cost is included all that you needed to build gambling site.

if you love betting all about ESPORTS like CSGO DOTA 2 LOL HEARTSTONE WARCRAFT STARCRAFT

try GGBOOK dot EU

First off, you need shit loads of bitcoins or fiat to start one. If you would create your own casino then that would probably cost you 5+ bitcoins to create and then you need to have an initial house fund which could range from 10-20 btc at the start if you want to offer high rollers then you'll need more than that.

I am pretty sure if the OP has like 500mBTC he will launch his own Casino like already the 100's of poor cloned dice sites already out on Bitcointalk forum.

Basically it works like this. Start a site with < 1 BTC, spam on Bitcointalk and hope you get tons of gamblers which will lose everything. If you get a whale which cleans you out, just shutdown the site and start another one.

Rinse and repeat.

Repeated Question Many times

Here is some threads Which may help you -
https://bitcointalk.org/index.php?topic=1760302.0

https://bitcointalk.org/index.php?topic=1534550.0


Your Approx budget must be 30-40 Btc to Start Own Website


Also this post In wrong section you must move it into  Gambling discussion here below Link
https://bitcointalk.org/index.php?board=228.0