Bitcoin Forum

Hi, I'm new here but I have business idea about gambling. It's not a big idea and doesn't require much work but it's profitable and you can expect decent profit. As a gambler for 4 years, I know the market and made a little amount money from it. Now I'm interested in business side.

This business is about finding new bettors to renowned website. This is not and affiliate or ponzi scheme, or referral thing or anything similiar.  The company provide this is trustable and I've made a lot of bets from them.

There is a three possible way to make profit, we will get low turnover from customers. We will make money from deposit and withdraws , and we will also have a chance to risk against our customers money and their bets. Third one is  bit risky but offers long term good profit.

I'm bit of a broke right now so I need I partner with money and knowledge. To create this business there is a one time deposit required, you can deposit via bitcoin or bank wire and you can withdraw this amount ANY time if you want. This money has nothing to do with me, it's just required for them as insurance. It goes directly to company from your bitcoin wallet or bank account.  Company has licences and operating since 2006.

I personally know there is need for this kind of market in particular region. So if you know betting more than basics and interested in this send me a pm so we can talk.

or anyone with the general questions can ask here, I will try to answer :)

Trading requires skill not luck thus it's not gambling unless you don't know what your doing.

There's no such thing as a gambling trader. They call it gambling for a reason

I think the term you're looking for is "junket operator"?

I don't even know where to begin with a question like this.... ::)

Gambling trader, that phrase is funny thinking about it.

Could you elaborate how you are able to get profits from the other bettors' deposits and withdrawals apart from any referral earnings?

This sounds like an affiliate program. You get some whale to play at a casino and you profit a percentage from his bets.

That was my first thought as well, but then he said it has nothing to do with affiliate or referral system.

We will offer average bettors to bitcoin deposit. Their bitcoin will be converted to choosen currency of the website $ or €. It means we will get little profit from this because we will give the converting price. People already uses other services with higher fees.

Also we can offer international bank wire to bigger customers and they will probably accept little fee other than bank fees.

Why? As I said, this business will target particular region, so these things are not currently operated in their language. I know this market and customers expections over the years of gambling.
Trust is a issue in this market, a lot of scammer are operating so if we can get customers trust with good business we can expect grow.

How? Websites we are offering are famous and trustable so all we have to do is make the support and payments right and fast.

It's different than affiliate, We will take care of customers money and able to risk against their bets and accounts. Not against just their losings.

Affiliate doesn't offer this kind of thing, right?

Is it something like getting a loan for betting&gambling and after a sort of time you're paying back?

So win&win, of course if you can win with that money :)

Not really. There are different ways to profit and I've explained them.

It's still active offer.

how  i  really  don't  understand 

Gambling trader??? I must not understand where you are going with this...

is this even legal? if it got out that the site was skimming a couple cents here and there on every transaction... would not look good for site

It's legal as long as you're not living in this region. We will give our bitcoin price and fees. As long as bitcoin transfer is cheaper than other ways, it's acceptable. Also It's part of the income of this business, we are not just cutting peoples money without noticing, etc.

Your fees would have to be high from the conversion to make any money. You would also need a lot of customers/bettors.

Don't really see how this is feasible. Why would anyone want you to convert their BTC to fiat to gamble? Why not gamble with BTC? Cashing out with fiat doesn't seem like a cheap or easy option either.

Think about opening a new shop in a big market, and offering better products with lower prices than any other company. Would you try it? 

It's because we're not tarketing people with BTC, we're just using btc to transfer money. + It's not only way to deposit.


This Business has income model and ways to improve but there are obstacles on way right now. I will create it one day, this offer is just to make things faster.