Operating a BTC gambling site - Worth it?

[gribble]

If we know how to manage the website and have knowledge about business gambling,
operating a bitcoin gambling site is wort but for the people who don't know anything about online gambling.
It is just burn the money because of there are cost must be paid.

[avatar_kiyoshi]

What I see online gambling today is mostly have same features and games option. Just how you marketing it and give a promo to attract people join in your site.
That's good idea if you have a plan to build a new game, it's need to attractive, catchy design and not makes people boring. The unique features and promo also can makes boost your site.

The point is marketing strategy is the most important thing here, I ever see an attractive and good design games but it's lack of marketing boost and promoting, so people not aware about them.

[emberbekas]

If we know how to manage the website and have knowledge about business gambling,
operating a bitcoin gambling site is wort but for the people who don't know anything about online gambling.
It is just burn the money because of there are cost must be paid.

True. Knowing how to manage website and how the games work are very important things to have if we wanted to make a gambling site. Beside of that, there are still plenty of works to do since we can't rely most of the job to other people. All of that stuffs are beyond my ability but I guess it is very profitable if we can operate a bitcoin gambling site.

[IsaacBitcoiner]

I think this will depend on your skills and the money you have to invest in the business. If you have few programming and website design skills, you will probably have to hire more people who can help you, and this will increase the cost. If you already have good skills, this can lower costs, but it is important to consider expenses with marketing.

[DrSeuss]

always worth to try , nothing business have a free-risk. so far i didn't yet see there is bitcoin gambling site closed due to bankruptcy or something similar. most of them in profit especially a -EV games , no wonder there is very few games based on player vs player , would you take this challenge? to open a PvP game like PvP blackjack? goodluck btw.

If this works out in a way that I can actually call my earnings or general gain noteworthy then I would be happy to further improve and extend the whole site.
There are many things I'd like to code.

Just by reading your post it sounds like it should be profitable even with a small house edge as long as you set a minimum max profit/payout to reduce damage to the house/bankroll. I want to know when do you plan to launch your casino? I'm interested in playing new games.

I definitely plan to launch the website as fast as possible! Sadly I can't estimate the time it will take at all. I'm dealing with a few things which are new to me and since I've never had to deal with them I don't know what expects me Stuff like setting up fullnodes and getting them to interact, even under pressure. Or getting all the security measurements for transactions and the server itself done.
I hope to have everything done within the next few months.

If you feel that your gambling site able to compete , why not ?
Bitcoin gambling industry that love lasting still have low amount compare real life gambling industry. Just make sure that you can hire the honest and great people to handle since my experience taught me, good gambling site doesn't guarantee that they can long lasting instead they scam in the end

For now I don't think I need to hire anyone.
What exactly do you mean with scamming? In the games itself? Because that's what I'm going eliminate with 'Provably Fair'

I'm sure operating a bitcoin gambling site is very profitable but unless you're a very early adopter it's probably too late for you now unless you have a lot of money.

You're going to have to be able to afford to pay every users wins, if they win big can you pay them?

There are a few ways for me to handle big wins, the most brutal one would be to sign a contract with the company I work at, basicly partner them, I'll probably decide when the website is near to be done.

I think this will depend on your skills and the money you have to invest in the business. If you have few programming and website design skills, you will probably have to hire more people who can help you, and this will increase the cost. If you already have good skills, this can lower costs, but it is important to consider expenses with marketing.

As stated before I don't plan to hire anyone, this will be a one-man job.
I'm coding Websites for about 6-7 years now, mostly backend tho, so the frontend will probably take a little longer.
The marketing will be something I will also take a look at later, I have some plans already.

[FlightyPouch]

Everyone loves gambling and I think if that game of yours is really interesting there will be a lot of gamblers that will play in your site. There are tons of casinos or gambling sites that are being open but still many gamblers like new things and new sights. If you want to do that site maybe try to do some research and interviews before doing it so. This can be a good start as an interview.

[BarbieCasino]

Operating a gambling site is really interesting. In the past I was working on my site to operate one but due to an issue happened to me I was unable to start that so I will start it in the future. Actually it require a high amount of fund for to run it successfully for getting the best site script and for advertising it everywhere.

[uneng]

Yes, it can worth and be very profitable for you if you know what you are doing. But to have success you need to do successfully many things. I can tell you some of them. First of all you need to create your site, need to have knowledge to do this or you need to pay someone to do this.
A nice design brings more gamblers... Next you need to set the games you want to add on your site, more games = more activities = more gamblers. You need a big bankroll to start too, because if someone wins on the first day you need to have money to pay this one. Small house edge bring more gamblers too.

[EdenHazard]

If we know how to manage the website and have knowledge about business gambling,
operating a bitcoin gambling site is wort but for the people who don't know anything about online gambling.
It is just burn the money because of there are cost must be paid.

True. Knowing how to manage website and how the games work are very important things to have if we wanted to make a gambling site. Beside of that, there are still plenty of works to do since we can't rely most of the job to other people. All of that stuffs are beyond my ability but I guess it is very profitable if we can operate a bitcoin gambling site.

as long as it has house edge i guess there is no casino did not get profit .

all success and longlive, the most important in online gambling site are the provably fair system , you may have one in built currently right? as long as it could be verified you are good to go to have an establish gambling site.

[Ziskinberg]

Is the market maybe already saturated?

I guess the market is so big that is why more investors are coming in to build their own gambling sites, it would be easy for them to do it as long as they have a great capital and a good game as well. This business is very promising since bitcoin is still new and the adoption process is progressive.

You can try but it's a hard work at the beginning, so you should know what you are doing so you will not be wasting money.

[gribble]

If we know how to manage the website and have knowledge about business gambling,
operating a bitcoin gambling site is wort but for the people who don't know anything about online gambling.
It is just burn the money because of there are cost must be paid.

True. Knowing how to manage website and how the games work are very important things to have if we wanted to make a gambling site. Beside of that, there are still plenty of works to do since we can't rely most of the job to other people. All of that stuffs are beyond my ability but I guess it is very profitable if we can operate a bitcoin gambling site.

Yes actually operate bitcoin gambling site is profitable because with this ways
we can get profit from gambling and we will be always profit,
but it is not easy many developers of gambling site that losing the money on gambling business
and their sites are closed.

[boyptc]

But I'm interested to know: Is developing a BTC gambling websites considered to be profitable?

It can be profitable and not, Let's go with not first, because when you just recently opened your gambling site of course people doesn't have an idea with it. So you need to advertise with it and need some exposure to the gamblers and that's another thing. And yes, once you are already done with advertising positively you got a successful advertisement and that's when your expenses will come back from the gamblers who are going to play with your site.

Can I expect people to pay attention to a new game?

Yes, there are people who are always looking for something new.

Is the market maybe already saturated?

My decision to code this website isn't going to change, regardless of the answers I will receive. 
I'm simply wondering what dimensions I could be entering with this project.

Somehow because there are a lot of gambling sites already.

My decision to code this website isn't going to change, regardless of the answers I will receive. 
I'm simply wondering what dimensions I could be entering with this project.

Just pursue what you think and it's a good thing that you are the one to do it by yourself. Good luck with your project.

[marketone]

If you want to run a gambling site you need to be good marketer, because running gambling site is not easy job. You need to have of lot skills in order it will benefit's you and your customers. Every time you need to check security check ups because many hackers will hack the site, you need to take care of this. You need provide bonus to the investors who wants to play gambling.

[bering]

it all depends how popular your sites because more popular means more active players at your site and automatically more profit to do so but you must know that rivalry of bitcoin gambling sites currently is very tight because all developers thought build new gambling sites was profitable because they see popular sites such as primedice or bustabit able to get very much profit from their players

[BlockEye]

it all depends how popular your sites because more popular means more active players at your site and automatically more profit to do so but you must know that rivalry of bitcoin gambling sites currently is very tight because all developers thought build new gambling sites was profitable because they see popular sites such as primedice or bustabit able to get very much profit from their players

OP is just asking if operating a gambling is worth it and that means that popular factor is not yet being consider because it is only new establish. I think it is better to take over old casino that are now for sale so that owner will not allocate huge amount for advertisement.


Operating a gambling casino is worth it if you have skills and discover new type of gambling that will gave a refreshment for a typical gamblers because there are so many existing casino out there with same type of game.

Goodluck OP

[milewilda]

If we know how to manage the website and have knowledge about business gambling,
operating a bitcoin gambling site is wort but for the people who don't know anything about online gambling.
It is just burn the money because of there are cost must be paid.

True. Knowing how to manage website and how the games work are very important things to have if we wanted to make a gambling site. Beside of that, there are still plenty of works to do since we can't rely most of the job to other people. All of that stuffs are beyond my ability but I guess it is very profitable if we can operate a bitcoin gambling site.

Yes actually operate bitcoin gambling site is profitable because with this ways
we can get profit from gambling and we will be always profit,
but it is not easy many developers of gambling site that losing the money on gambling business
and their sites are closed.

Building investment do really have only two results which is profitable or goes bankrupt and the risk is always there thats why its really important ton how you gonna handle it in able to get the interest of the public.If you do build a gambling site which is somehow different among others then the potential of being profitable is still there it depends on how you promote your site.

[bajing]

Worth, not only btc gambling site but fiat gambling site too can give you nice income, as long as you can promoted as well and get many player, you will become rich in shortly.

[Betwrong]

Is developing a BTC gambling websites considered to be profitable?

If you are developing the site by yourself and with the help of your friends so you don't have to pay for this in advance then at least you won't lose much if the site doesn't work.

Can I expect people to pay attention to a new game?

If it's really unique like you said and you'll launch a Sig campaign to attract players to your site, why not?

Is the market maybe already saturated?

No, it's not saturated. New gambling sites appear almost every day. Most of them disappear soon after the opening, but some of them become popular and successful.


Good luck with your project!

[gribble]

Worth, not only btc gambling site but fiat gambling site too can give you nice income, as long as you can promoted as well and get many player, you will become rich in shortly.

I agree with you gambling site can give nice income as long as can manage it and get many players,
unfortunately I don't agree with will become rich in shortly because building projects gambling game
is not easy needs long time until the owner become rich people.

[Ashong Salonga]

Worth, not only btc gambling site but fiat gambling site too can give you nice income, as long as you can promoted as well and get many player, you will become rich in shortly.

I agree with you gambling site can give nice income as long as can manage it and get many players,
unfortunately I don't agree with will become rich in shortly because building projects gambling game
is not easy needs long time until the owner become rich people.

There is a huge potential to become rich in making a gambling site. However, in order to make your gambling site good and popular, you need a huge capital to do that. Plus, you need also to put alot of your time and effort in order to handle in briefly. Certainly, building a gambling site is an opportunity to become rich as bitcoin is in the cureent trend.