Start a Gambling Site

[BitMaxz]

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$ .

[1715016256]

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[Joel_Jantsen]

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.

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.

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 .

[Nobitcoin]

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.

[Xenoph0bia]

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.

[Joel_Jantsen]

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$ .

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 .

[Hugroll]

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$ .

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 .

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

[chennan]

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$ .

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 .

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

$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).

[leex1528]

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.

[mtnsaa]

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.

[Kevin77]

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.

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.

[NLNico]

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.

[cazkooo]

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

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

[Heutenamos]

Making a website is to long to make then also css design database and scripts...... I think you need a capital around 4000$ .

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.

[RHavar]

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.

[RHavar]

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)

[Harpua]

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)

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?

[BetterBets.io]

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.

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.

[Inkvor]

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?

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.

[cazkooo]

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?

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

[XERES]

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