Start a Gambling Site

[leex1528]

There are still dice and poker sites that spurt out every now and then and I guess its still profitable. I even consider creating my own if I just have the money to start with. What I'd like my poker site to have is the tracking and analysis software and HUD for the players so that they are equipped while they play.

Tons of sites are starting up but I don't think they are making it.  You need a lot of rep + you need a lot of promotions which means you need to have a larger bankroll.  You need something, a reason for people to come there instead of the tons of other sites.

Marketing the site can be done by a newbie like me on social media, here in bitcointalk via signature campaign and a bit of content and video marketing an time. Larger bankroll is what  i don't have. How much exactly do we need to start with just a simple poker site?

To be 100% honest I don't know the perfect number of what the actual bankroll should be.  I am guessing to be 100% safe just starting a poker site you would want around 100BTC.  Use roughly 10BTC to have promotions,giveaways etc.  90BTC just in case.  With poker you don't need as much as a dice site because you aren't paying out with your money, you are mostly making a profit with people playing there and taking a small % of tournament fees or table games.

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[enhu]

There are still dice and poker sites that spurt out every now and then and I guess its still profitable. I even consider creating my own if I just have the money to start with. What I'd like my poker site to have is the tracking and analysis software and HUD for the players so that they are equipped while they play.

Tons of sites are starting up but I don't think they are making it.  You need a lot of rep + you need a lot of promotions which means you need to have a larger bankroll.  You need something, a reason for people to come there instead of the tons of other sites.

Marketing the site can be done by a newbie like me on social media, here in bitcointalk via signature campaign and a bit of content and video marketing an time. Larger bankroll is what  i don't have. How much exactly do we need to start with just a simple poker site?

To be 100% honest I don't know the perfect number of what the actual bankroll should be.  I am guessing to be 100% safe just starting a poker site you would want around 100BTC.  Use roughly 10BTC to have promotions,giveaways etc.  90BTC just in case.  With poker you don't need as much as a dice site because you aren't paying out with your money, you are mostly making a profit with people playing there and taking a small % of tournament fees or table games.

Nay I don't have that amount and I don't consider joint venture if it involves that much of investment. 
Making people to play on the site actually is harder than I thought especially if the site don't have much fancy features compare to the established ones. how much % does the admin for tournament and game fees?

[Small]

Gambling site is hard to manage, you need a offshore server or risk getting your bitcoin confiscated for owning an unlicensed gambling site. I  personally would not trust anyone to code the website for me so you would need some coding skills and need to manage the support. I would prefer investing in an existing one.

[nickenburg]

I want to start a gambling site I think it is a unique idea and no other website is using this concept on bitcoins.
But I know they use it for something else and it is really succesfull.
And I already have those website files, so I will only have to change it so that it accepts bitcoins and maybe some other altcoins.

Is there someone with enough coding knowledge to help me with that?
And what would I need to do for it to succeed?

[jackg]

Is it still profitable to start a gambling site? Or is the market already saturated?
What do you think is the most profitable gambling site to create?

Use traditional ideas and original ideas. Offer competition different to the big gambling companies. This powt may nt be helping my payment campaign for my signature.
Offer people a reason to switch to you

New Ideas
Othe Currencies accepted, not just bitcoin or USD/GBP. Allow DOGE, LTC etc...

[jackg]

I want to start a gambling site I think it is a unique idea and no other website is using this concept on bitcoins.
But I know they use it for something else and it is really succesfull.
And I already have those website files, so I will only have to change it so that it accepts bitcoins and maybe some other altcoins.

Is there someone with enough coding knowledge to help me with that?
And what would I need to do for it to succeed?

I may be able to help! I have a vast knowledge of python and so could possibly extract data blocks from there with analysis saved to textfiles. I have knowledge of html, javascript and some slight java too. I an not too confident in these languages and so would take a less cut. PM me if acceptable!
I can read/write/append to files in python and so thismay b euseful forrunning in the background of a webserver to send the variables to a spreadsheet(csv) files that can then be read by the webstie.

[Oscilson]

Gambling site is hard to manage, you need a offshore server or risk getting your bitcoin confiscated for owning an unlicensed gambling site. I  personally would not trust anyone to code the website for me so you would need some coding skills and need to manage the support. I would prefer investing in an existing one.

Then you have to trust the operators of the existing casino. You have to know the casino from inside out. That is still a big task.

[Light]

Marketing the site can be done by a newbie like me on social media, here in bitcointalk via signature campaign and a bit of content and video marketing an time. Larger bankroll is what  i don't have. How much exactly do we need to start with just a simple poker site?

For a poker site, server costs might be $50-100 a month (as you'd want something in an offshore location and with a decent reputation - not the shady one man operations), running a signature campaign could go anywhere from 1-5 BTC per month (depending on how stingy and how big a campaign you'd want). Coding costs would be a one off so I wouldn't include it. If we go with the cheapest options, you'd probably spend in the vicinity of $250-300 a month, which you might not make with a poker site (poker isn't that big to be honest). Might be better off without a sig campaign and run poker/sports betting if you have no capital. IMO dice is still a good option if you have the capital to support whales and you know how to secure your coins.

[mindrust]

Forget anything that relates to gambling. Unless you know what you are doing its too risky to own a casino. You may even get shot.

[ingiltere]

Forget anything that relates to gambling. Unless you know what you are doing its too risky to own a casino. You may even get shot.

Not if nobody knows you are the owner. That's why we have anonymous casino sites, anonymity is both needed for customers and owners.

[Small]

Gambling site is hard to manage, you need a offshore server or risk getting your bitcoin confiscated for owning an unlicensed gambling site. I  personally would not trust anyone to code the website for me so you would need some coding skills and need to manage the support. I would prefer investing in an existing one.

Then you have to trust the operators of the existing casino. You have to know the casino from inside out. That is still a big task.

True, reputation does take time to build. Always invest in casinos with trusted owners (e.g. just-dice) and have a public cold storage address for transparency. It is much better than losing your/investor's money to hackers or vulnerabilities.

[eyeknock]

Is it still profitable to start a gambling site? Or is the market already saturated?
What do you think is the most profitable gambling site to create?

ofc that this is still profitable, you just need to make an attractive one and you will see how people soon or later will join, you know bad habits...

i dont know whats the most profitable site for gambling, but for example, for me, i like so much the poker sites, and/or sports betting sites.

[StevenLiang]

Forget anything that relates to gambling. Unless you know what you are doing its too risky to own a casino. You may even get shot.

I think the risk is not from competitor. Own the online casino means you need to pay your users wins. And that's mean a high risk for you too.
And when your identity goes to public, some lost user will try to revenge.. nah, bad business.

It's better to give provably fair dice, blackjack and another card game like Crypto-Games.net

[Supercrypt]

Forget anything that relates to gambling. Unless you know what you are doing its too risky to own a casino. You may even get shot.

Not if nobody knows you are the owner. That's why we have anonymous casino sites, anonymity is both needed for customers and owners.

Yes anonymity is an essential thing now everybody prefers to. This is because of security and to avoid any kind of situations. Now a days we can get everything without revealing our identity information. So starting a gambling site anonymously will give you extra protection as well.

[leex1528]

Forget anything that relates to gambling. Unless you know what you are doing its too risky to own a casino. You may even get shot.

Not if nobody knows you are the owner. That's why we have anonymous casino sites, anonymity is both needed for customers and owners.

Yes anonymity is an essential thing now everybody prefers to. This is because of security and to avoid any kind of situations. Now a days we can get everything without revealing our identity information. So starting a gambling site anonymously will give you extra protection as well.

Even with security it is still possible to find out who is at the end of the computer.  I personally wouldn't start a casino for fear of that, plus it makes you a target for your coins.  You need to hire a lot of smart people in order to have that happen, and they have to be trustworthy.

[Oscilson]

Forget anything that relates to gambling. Unless you know what you are doing its too risky to own a casino. You may even get shot.

Not if nobody knows you are the owner. That's why we have anonymous casino sites, anonymity is both needed for customers and owners.

Yes anonymity is an essential thing now everybody prefers to. This is because of security and to avoid any kind of situations. Now a days we can get everything without revealing our identity information. So starting a gambling site anonymously will give you extra protection as well.

On line casino is good as along as the operators do not reveal their information, otherwise, there is no difference between an online and off line one.

[Small]

Forget anything that relates to gambling. Unless you know what you are doing its too risky to own a casino. You may even get shot.

I think the risk is not from competitor. Own the online casino means you need to pay your users wins. And that's mean a high risk for you too.
And when your identity goes to public, some lost user will try to revenge.. nah, bad business.

It's better to give provably fair dice, blackjack and another card game like Crypto-Games.net

Yup you do have to bear the risk. The risk is relatively low in the long term due to the house edge, the house is much more likely to win compared to the gambler which means that in the long run, you would win. Even though, they may win in the short term, you would profit in the long term. You can choose to not reveal your identity. Gambling sites can cheat their investors too.

[Inkvor]

Forget anything that relates to gambling. Unless you know what you are doing its too risky to own a casino. You may even get shot.

Not if nobody knows you are the owner. That's why we have anonymous casino sites, anonymity is both needed for customers and owners.

Yes anonymity is an essential thing now everybody prefers to. This is because of security and to avoid any kind of situations. Now a days we can get everything without revealing our identity information. So starting a gambling site anonymously will give you extra protection as well.

On line casino is good as along as the operators do not reveal their information, otherwise, there is no difference between an online and off line one.

you cannot be anonymous from the government or other ruling bodies .
the of-line casino owners are tied up with the the govt.. nobody can do this kind of stuff unless you have those connections and money.
the reason these casinos are not being rated is because of their too small scale investment and the use of decentralized currency.

[cazkooo]

Even with security it is still possible to find out who is at the end of the computer.  I personally wouldn't start a casino for fear of that, plus it makes you a target for your coins.  You need to hire a lot of smart people in order to have that happen, and they have to be trustworthy.

If you hide behind anonymous vpn then you will be safe and thats all you need to operate it. Also you only need to use moneypot if you fear to be a target for your coins , some gambling site cost almost nothing to host their site and use moneypot api but they are not making good enough but still good for experience to handle gambling site

[Winalunt]

Even with security it is still possible to find out who is at the end of the computer.  I personally wouldn't start a casino for fear of that, plus it makes you a target for your coins.  You need to hire a lot of smart people in order to have that happen, and they have to be trustworthy.

If you hide behind anonymous vpn then you will be safe and thats all you need to operate it. Also you only need to use moneypot if you fear to be a target for your coins , some gambling site cost almost nothing to host their site and use moneypot api but they are not making good enough but still good for experience to handle gambling site

NO, you are not anonymous with just single software you install and start using in a couple of seconds.
every plugin u install can be traced back to ,every single transaction.....its just impossible to stay anonymous .
some countries just dont care about bitcoin and its casinos, what leex' says is most probably a fact.
its just not that easy.