Start a Gambling Site

[hua_hui]

You can make alot of money with a Bitcoin gambling site. TONS of money but you need experience, capital, patience, and creativity.

You can't open up another dice site, there are way too many of them out there. You need a special creative idea and you will make TONS of money.

Don't forget luck. Once you made the whole thing Bitcoin may cease to exist.
I've also seen businesses being destroyed by competition even though they were creative.

In business not all probability depends on luck. But for some reason, yes. (such as destiny, fate, fortune, etc)
And about bitcoin will cease to exist, they also had possibility to be more expensive in future. Btw, i like to use bitcoin as my payments method.

i agree. we cannot say that bitcoin is uncertain now so dont use bitcoin as there is a risk. in this way, you should not even do anything because there is always a risk. it is about taking the right risk. Do you believe in btc? do you have the right mentality to create a casino? do you have the resources to operate it? do you have the right idea to standout among the other competitor?

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[Hugroll]

You can make alot of money with a Bitcoin gambling site. TONS of money but you need experience, capital, patience, and creativity.

You can't open up another dice site, there are way too many of them out there. You need a special creative idea and you will make TONS of money.

agreed if you get an amazing idea, you can turn into one of the biggest gambling sites out there. all u would need is an idea that seperates your site from the rest, only one that comes to mind is something like a bitcoin lottery system

[Superhitech]

You can make alot of money with a Bitcoin gambling site. TONS of money but you need experience, capital, patience, and creativity.

You can't open up another dice site, there are way too many of them out there. You need a special creative idea and you will make TONS of money.

agreed if you get an amazing idea, you can turn into one of the biggest gambling sites out there. all u would need is an idea that seperates your site from the rest, only one that comes to mind is something like a bitcoin lottery system

I don't think bitcoiners like lotteries much though; there have been some lotteries sites in the past but they never became popular. What you need is a completely original concept, like bustabit.com.

[pooya87]

You can make alot of money with a Bitcoin gambling site. TONS of money but you need experience, capital, patience, and creativity.

You can't open up another dice site, there are way too many of them out there. You need a special creative idea and you will make TONS of money.

agreed if you get an amazing idea, you can turn into one of the biggest gambling sites out there. all u would need is an idea that seperates your site from the rest, only one that comes to mind is something like a bitcoin lottery system

I don't think bitcoiners like lotteries much though; there have been some lotteries sites in the past but they never became popular. What you need is a completely original concept, like bustabit.com.

i agree. i have seen a couple of these lottery sites and also a lot of lottery topics here in this forum but none of them were successful so far.
i think it is mostly because the odds of wining lottery is usually low hence no winning. and as a result nobody can actually trust them or even bother spending bitcoin on not winning.

[absy]

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?

Its not too late.. you can still start it/. but the main thing is you must have creative mind and must provide something extra in your site which others are providing,.. why would somebody leave their fav site and come to yours? there must be a reason.. and you must find that

[chennan]

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?

Its not too late.. you can still start it/. but the main thing is you must have creative mind and must provide something extra in your site which others are providing,.. why would somebody leave their fav site and come to yours? there must be a reason.. and you must find that

It looks like this has been stated multiple times by people on this thread.. I think the main question that's being asked, mainly by Harpua, is that how would one act on that idea, with no coding capabilities.

Personally I'd think going to a legit online gambling site maker and asking them if they would want to go in on your idea would be the best bet imo.. I wouldn't try sneaking around laws.

[subSTRATA]

You can make alot of money with a Bitcoin gambling site. TONS of money but you need experience, capital, patience, and creativity.

You can't open up another dice site, there are way too many of them out there. You need a special creative idea and you will make TONS of money.

agreed if you get an amazing idea, you can turn into one of the biggest gambling sites out there. all u would need is an idea that seperates your site from the rest, only one that comes to mind is something like a bitcoin lottery system

I don't think bitcoiners like lotteries much though; there have been some lotteries sites in the past but they never became popular. What you need is a completely original concept, like bustabit.com.

i agree. i have seen a couple of these lottery sites and also a lot of lottery topics here in this forum but none of them were successful so far.
i think it is mostly because the odds of wining lottery is usually low hence no winning. and as a result nobody can actually trust them or even bother spending bitcoin on not winning.

i think its more a problem of a small playerbase; a lottery or any other pot-based game requires input from other players, which may not exist without enough marketing from the owners. single player games such as dice, blackjack, etc. can be played whenever the player wants, as long as the site is online and the player has money. the same can be said of many pvp games, example: tappabit.

[twister]

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?

With Bitcoin I think it's the most profitable business there is but you have to think different and don't follow the crowd and have some features different on your website to attract players and it's still a great market to do that. I actually have an idea but I know if I tell anyone, they're gonna cut me off and make one for their own. There is no copyright with ideas.

[Harpua]

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?

With Bitcoin I think it's the most profitable business there is but you have to think different and don't follow the crowd and have some features different on your website to attract players and it's still a great market to do that. I actually have an idea but I know if I tell anyone, they're gonna cut me off and make one for their own. There is no copyright with ideas.

Yeah, that's what I was thinking earlier too with how I should sell my idea to someone without having them take it and profit from it for them selves. But the fact is, is if you can come up with a way to describe what it is and what it does, without telling them the actual format of the game itself in much detail.. You'll be fine.

[BTCevo]

You can always start your dice site with low bets according to your bankroll.

he just stated its not a dice site, but another gambling site thats towards pvp gambling.

i think any form of gambling is a good business as long people are addicted to that type of game. these days you can bet on e-sports for gambling.

PvP gambling is one of the hardest gambling sites to profit from though, that's why unfortunately you don't see many of them around. If you plan to run a PvP site, you will need very good marketing to get many players to play at your site.

Actually this PvP games is nice to play although they can't get big profit but people are interested in this kind of game because you can do it with other players, so its like playing poker but in different version. But it needs a lot of players to play if not this game will not work

[BitMaxz]

No matter what happen gambling bussness is the most profitable than other bussness... but you need parters if you make your own gambling site because you do not support it with your self only.,...
some gambling site has 24/7 support active.. so think before you make gambling site....

[apriyani420]

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

[Inkvor]

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...

[yanka50]

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

[Buziss]

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

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.

[Inkvor]

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

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.

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.

[FrueGreads]

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

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.

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.

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?

[Shogen]

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?

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.

[Herbert2020]

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?

Its not too late.. you can still start it/. but the main thing is you must have creative mind and must provide something extra in your site which others are providing,.. why would somebody leave their fav site and come to yours? there must be a reason.. and you must find that

It looks like this has been stated multiple times by people on this thread.. I think the main question that's being asked, mainly by Harpua, is that how would one act on that idea, with no coding capabilities.

Personally I'd think going to a legit online gambling site maker and asking them if they would want to go in on your idea would be the best bet imo.. I wouldn't try sneaking around laws.

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.

[darkangel11]

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.