Should I start gambling site?

[gondar1]

I have budget of 300 to 500$ for this project
Is my budget is enough to start own gambling site , exclude advertising.
How much time I need to spent on this?
Which features should I add in my gambling site? ( Games or etc.)
Anything Else or any suggestion.
PLEASE DONT COME IF YOU WANT TO LAUGH ON ME


( I don't have any knowledge but I want to invest my money somewhere which give me good profit or only profit)

If you have enough resources and programmer then why not? Having a gambling site could potentially make anyone rich. You just have to carefully plan everything and make sure that you’ll have a good marketing strategy. If you know a programmer then it would work out just fine.

[1714676905]

1714676905

[chris200x9]

GAmbling needs big capital coz it was not only the site but the operation expenses,what if at the start of operation winners are indeed.where will you be getting the pay outs.and instead of capitalizing gambling.why not use it for trading and investing.500usd is enough to start small investment

Not everyone can make from trading with $500 or more because it all needs a lot of knowledge to succeed. If you don't have that knowledge then you will lose those $500 very easily over the time. Gambling site needs a money and also good staff members to maintain the site and should have a good skill about marketing your site and finally should provide a good support to players. All these things not so easy to implement correctly.

Right and you also nerd to have good advertising to attract players. It's easier i think to start an actual gambling casino than a site. Well it would start small of course but you can build up from there. Problem is i think more people right now prefer online gambling

To start a real casino, you need to spend a lot of money get a license and need to tons of money build an attractive casino. I don't think it is suitable for everyone but based on my knowledge coming with a casino site is easier than real casion. Here if you have a money, then you can get a good team to build a site and maintain it.

[BrannigansLaw]

We already dropped our idea for starting own gambling site . infact we are not selling our script. At affordable rate if you are interested then on me.

It is a good decision to drop the project with such a low amount of initial capital as the gambling site needs a bigger capital to pay off your users and never expect any profit in the initial period,you could set up a site and start selling your script and make sure you give a demo. 

[chineseprancing]

We already dropped our idea for starting own gambling site . infact we are not selling our script. At affordable rate if you are interested then on me.

It is a good decision to drop the project with such a low amount of initial capital as the gambling site needs a bigger capital to pay off your users and never expect any profit in the initial period,you could set up a site and start selling your script and make sure you give a demo. 

Making gambling sites is very expensive, maybe you just need to encourage or invite some investors for you project you choose to build. It is a good business especially if your sites will become famous to different part of the world.
More people in the world are gambler and greedy to earn a lot of income, also gambling sites is one of the most profitable sites in the whole world.

[PokerFace3]

Your post guys are just on the top of something that confirms that cryptoearner will not pursue his plan of making his own gambling site. We know his budget is quite tight and it's a difficult to start with any business with that amount but you should start reading again the recent posts as his executing now to sell his dice script to anyone who's interested of making his own gambling/dice site.

Though it is going to take a lot of work, I think you should go for it, because in gambling, the house they say always wins but you are going to need licenses to operate your online gambling business depending where you are located in the first place.

There is no doubt in it that no matter who wins or loses the game, the house is always happy because with every single game they do earn profit. Yep, it is not an easy task to establish a website and that too of gambling when there are already many sites in the market. You need to give something different form others so that people get attracted towards your site. Good luck, mate!

It is quite a difficult task to create and then run your own gambling site in the online system .the first thing required is obviously lot of money to buy a working script that is going to pay you heavily. On the other hand, a skilled team of workers that would keep your site operated 24 hours so that the whole business runs smoothly.

Despite of all these difficulties, only those are functional that are licensed by the authority. If someone is able to get through all these hurdles, then obviously he should go for this profitable business.

[ymirymir]

I have budget of 300 to 500$ for this project
Is my budget is enough to start own gambling site , exclude advertising.
How much time I need to spent on this?
Which features should I add in my gambling site? ( Games or etc.)
Anything Else or any suggestion.
PLEASE DONT COME IF YOU WANT TO LAUGH ON ME


( I don't have any knowledge but I want to invest my money somewhere which give me good profit or only profit)

I think that kind of money is too small to start a gambling site, because you need to advertise your site and make sure that you have a little stash to pay those who will play on your site. You even need someone to create your website, which I think would be a little expensive.

[boyptc]

We already dropped our idea for starting own gambling site . infact we are not selling our script. At affordable rate if you are interested then on me.

It is a good decision to drop the project with such a low amount of initial capital as the gambling site needs a bigger capital to pay off your users and never expect any profit in the initial period,you could set up a site and start selling your script and make sure you give a demo. 

It won't be worth it if you'll just start a gambling site with that initial capital. You have to attract people with your big fund so that they are secured as if they are all thinking that they can hit the jackpot and will make your business bankrupt. I don't recommend that thing to someone that wants to start a gambling business but with other business for that budget, it would be fine.

[Sale_man]

It's not that easy to start a normal website , a gambling website is 10 times harder . Apart from developing and choosing what architecture you'll choose , you need a high level of security and firewalls , secured payment methods so users won't get their infos stolen . You need databases to collect your data and lots of staff to assist clients with their demands and problems . You also need to own or develop the codes that track games around the world and their results and secyre your casino games to prevent people from using 3rd party tools to cheat , you need design engineers too. If you got all of this then go on.

[Zicadis]

Starting a gambling site would be good for business as competition tends to raise the standards and some reputable gambling sites have closed down leaving this room for new entrants to fill up... but this will be a tough journey for you, all the best hope you have some experience with gambling as a player.

[tabas]

Starting a gambling site would be good for business as competition tends to raise the standards and some reputable gambling sites have closed down leaving this room for new entrants to fill up... but this will be a tough journey for you, all the best hope you have some experience with gambling as a player.

But with the current demand of gambling sites, I don't think it would be an easy competition for a person that wants to start his business with a very little amount of capital. Sorry but I don't think you can survive with the entire life span of your business for having that starting amount.

[megynacuna]

Starting a gambling site would be good for business as competition tends to raise the standards and some reputable gambling sites have closed down leaving this room for new entrants to fill up... but this will be a tough journey for you, all the best hope you have some experience with gambling as a player.

But with the current demand of gambling sites, I don't think it would be an easy competition for a person that wants to start his business with a very little amount of capital. Sorry but I don't think you can survive with the entire life span of your business for having that starting amount.

I think it will better if he starts by looking for one that he can partner because it could also be worth it looking at his initial capital. He doesn't necessarily have to own a gambling site to be successful but by owning a part of a successful gambling website is good in every sense because you are not going to start from scratch.

[ricardobs]

I have budget of 300 to 500$ for this project
Is my budget is enough to start own gambling site , exclude advertising.
How much time I need to spent on this?
Which features should I add in my gambling site? ( Games or etc.)
Anything Else or any suggestion.
PLEASE DONT COME IF YOU WANT TO LAUGH ON ME


( I don't have any knowledge but I want to invest my money somewhere which give me good profit or only profit)

Are you going to do the UI/UX and coding yourself?  You will need more than 500$ reserve to pay out your players when they hit.  As far as time spent on this, if you are talking about time until a MVP, i would say 4-6 months.  But realistically for a legit gambling site you would need at least 25K to pull this off with 10K in reserve and you doing a big portion of the work yourself.

Legit gambling site hmmm sounds interesting to me.
Almost all the gambling platform i use i always loose the bet.
I donot know but i feel there is a bot that always play against me and never let users to win.

It require a lot of experience, I think it can only be possible if a person have already good experience in casino. Who have already run a casino.  But still he must have good knowledge about computer, internet and even about online business etc. then can get some desire result from the gambling site that he want to start.

[ivanst776]

Seriously OP, you budget is way way way way way below the minimum requirement. If you are a coder though, then you can create your own unique gambling site like what bustadice did. They had an original concept and didn't need to have their own investment into the bankroll. However, if you just want to make a dice site of your own, I don't think your budget could even buy a decent working and secure dice script.

A lot of money is required indeed to create a gambling site of your own. But once it has been created and it is actually functional then obviously it would earn you back more than the price of your early investments. As far as your present is concerned, it is a way too low budget for buying some usable script for creating a site. But if you know coding well then go on with the idea and hope it would prove effective.

[noormcs5]

I have budget of 300 to 500$ for this project
Is my budget is enough to start own gambling site , exclude advertising.
How much time I need to spent on this?
Which features should I add in my gambling site? ( Games or etc.)
Anything Else or any suggestion.
PLEASE DONT COME IF YOU WANT TO LAUGH ON ME


( I don't have any knowledge but I want to invest my money somewhere which give me good profit or only profit)

Are you going to do the UI/UX and coding yourself?  You will need more than 500$ reserve to pay out your players when they hit.  As far as time spent on this, if you are talking about time until a MVP, i would say 4-6 months.  But realistically for a legit gambling site you would need at least 25K to pull this off with 10K in reserve and you doing a big portion of the work yourself.

Legit gambling site hmmm sounds interesting to me.
Almost all the gambling platform i use i always loose the bet.
I donot know but i feel there is a bot that always play against me and never let users to win.

It require a lot of experience, I think it can only be possible if a person have already good experience in casino. Who have already run a casino.  But still he must have good knowledge about computer, internet and even about online business etc. then can get some desire result from the gambling site that he want to start.

Exactly, knowledge and experience is must need to make own gambling site, and also big capital. I just read his thread then i guess he only has desire to make own gambling site, even i think he has no experience of running the casino, also he has no enough capital. That's why i never suggest him to make own gambling site, it is better for him to invest his money in any casino site and earn profit.

[PizzaBTC]

If you have good bankroll then you can start gambling site.

That is right along with experience and skill of running a gambling site. It is also too much important to have good amount of money. Because there are always chances that one may make money from your gambling sites, which you have to play if you want people to continue trust on you and your gambling site.

[szpalata]

If you have good bankroll then you can start gambling site.

That is right along with experience and skill of running a gambling site. It is also too much important to have good amount of money. Because there are always chances that one may make money from your gambling sites, which you have to play if you want people to continue trust on you and your gambling site.

You are guaranteed profit so long as you become the house because the house always have the edge but if you have no experience about setting this up then i will suggest you hire an expert to do it  for you or you partner an expert because it involves money and with a little recklessness move you loose big time.

[chris200x9]

If you have good bankroll then you can start gambling site.

That is right along with experience and skill of running a gambling site. It is also too much important to have good amount of money. Because there are always chances that one may make money from your gambling sites, which you have to play if you want people to continue trust on you and your gambling site.

You are guaranteed profit so long as you become the house because the house always have the edge but if you have no experience about setting this up then i will suggest you hire an expert to do it  for you or you partner an expert because it involves money and with a little recklessness move you loose big time.

You will make a profit only when you can have a big bankroll which even big whales can't eat up your bankroll otherwise you may lose all your bankroll if anyone wins huge amount at the beginning. So nothing is guaranty but yes, they can make a good profit if they can manage all these things properly with good support team members.

[crwth]

I guess it's not bad too think out on the future because that's how you become successful in my opinion. Focusing on gambling sites would be for sure profitable as long as there are players playing and depositing there. If you managed to invite a lot of people with that then it would be time to invest in security and we all know there are a lot of hackers trying to get into sites or something

[poplolnman]

Seriously OP, you budget is way way way way way below the minimum requirement. If you are a coder though, then you can create your own unique gambling site like what bustadice did. They had an original concept and didn't need to have their own investment into the bankroll. However, if you just want to make a dice site of your own, I don't think your budget could even buy a decent working and secure dice script.

A lot of money is required indeed to create a gambling site of your own. But once it has been created and it is actually functional then obviously it would earn you back more than the price of your early investments. As far as your present is concerned, it is a way too low budget for buying some usable script for creating a site. But if you know coding well then go on with the idea and hope it would prove effective.

besides all of the financial matters you need to have a promotion plan how to make your casino attracted a lot of poeple and how to keep it up not just temporarily , actually there is a lot of new casino popping up and they have a good impression at first , but guess how long they could survive? not long enough to get decent profit , it wasn't easy really .

[Hazaki]

If you are up to launching a gambling website that includes sports sections you will need to get live score website providers as partners to use their database and live traffic that is authentic and reliable to know the outcome of each game and to know which bets are won or lost in your website . You need also people to constantly make analysis about which games should be included and open for bets to users because you can't let a "manipulated game " open for bets otherwise you could loose huge amounts of money due to that cheating .