It's still profitable to run online btc casino?

[kukelka]

I see more and more such casino sites comming live and wondering if its still profotable to run the new online casino? there are thousands of such sites, how to make it unique and get people to visit and play in my casino site?

[BitcoinGirl.Club]

I see more and more such casino sites comming live and wondering if its still profotable to run the new online casino? there are thousands of such sites, how to make it unique and get people to visit and play in my casino site?

I think you need to ask this question in the Gambling Section not here 🙂

If you are creative then you can create a platform. People always like innovation and no business never flops unless the demand becomes zero. Gambling industry is a sector which will always have the demand because it runs by a dangerous emotion which is greed.

[tlustoprd]

kukelka: I'm actually thinking of something similar. Creating some simple yet interesting gambling dapp. Do you have any plans or ideas? I think it could be profitable, it just has to be novel enough.

[logfiles]

I see more and more such casino sites comming live and wondering if its still profotable to run the new online casino? there are thousands of such sites, how to make it unique and get people to visit and play in my casino site?

Looks so profitable at the moment if you make a breakthrough. advertising is so important among other things like creativity and uniqueness.

kukelka: I'm actually thinking of something similar. Creating some simple yet interesting gambling dapp. Do you have any plans or ideas? I think it could be profitable, it just has to be novel enough.

Be very ready for competition. Try and check out EOS Dapps, so many gaming and gambling dapps in there but most of them have collapsed due to the increasing competition and the current never-ending bear market.

[harizen]

I see more and more such casino sites comming live and wondering if its still profotable to run the new online casino? there are thousands of such sites, how to make it unique and get people to visit and play in my casino site?

Possibility: Yes

Difficulties: Extremely Hard

Gamblers nowadays will still preferred to used the service of a gambling casino that already built a reputation for a long time now. So the challenge here is, how to attract lots of gamblers to used your site so that someday you will reached the level of being a reputable one.

a) Seriousness. You will need to throw big money here especially at doing promotions and advertising. Show all gamblers that you really have a large bankroll and you are serious spending lots of money just for the site to become popular.

b) Security.

c) Don't work alone. Build a team.

Overall, it's like creating a business where you have no choice but to face the biggest risks. Also take note that even spending lots of money will not give you an assurance that you will have a good run.

[mortdeus]

I had an idea to create a very simple 3 reel slot machine that takes most coins and the houses winnings are used to fund open source projects.

the whole system would be essentially automated and the community would get to cast coins they get from playing the slot machine to cast votes on which bounties theyd want to be funded.

the more you play the more influence you have towards getting your desired bounties funded.

the only issue i ran into was the legal nightmares one has to deal with when trying to creating a slot machine. (esp in the US) The fact that its an ethical slot machine doesnt matter as far as most anti gambling regulations are concerned.

[shield132]

I see more and more such casino sites comming live and wondering if its still profotable to run the new online casino? there are thousands of such sites, how to make it unique and get people to visit and play in my casino site?

If you have no idea about how to make your casino popular or if it's profitable to run, then better to get out away from this business and never enter. Of course casino was, is and will be profitable, there is no way to beat house.
Of course it's profitable, everything depends on how good you are in it. Customers want instant deposit/withdraw, no KYC, great promotions and so on, visit top bitcoin casinos and learn them, their strategy.

[r1s2g3]

I guess nobody till now not discussed about the bankroll.You require a lot of money/investment for the bankroll.  For creating a casino, I guess scripts are already available. I guess investment and attracting gamblers is a limiting factor.

[TravelMug]

I see more and more such casino sites comming live and wondering if its still profotable to run the new online casino? there are thousands of such sites, how to make it unique and get people to visit and play in my casino site?

Definitely, it's business and you have to have a competitive edge against other online casinos. As you can see there's a lot of competitions, raffles, promo's so I'm sure online casino's are very profitable even in a bear market.

As I have said, you need to run a campaign and offer a lot of incentives to your player and of course be transparent and provably fair.

[Kemarit]

I see more and more such casino sites comming live and wondering if its still profotable to run the new online casino?

That alone will answer your questions already. It means that online casino's are very much alive no matter what sentiments we are in. People are willing to take risk, by putting money on the line so don't be surprise if there are casino's popping around.

there are thousands of such sites, how to make it unique and get people to visit and play in my casino site?

I guess it boils down on marketing strategy and targeting the demographics. There are thousand of forums dedicated to online gambling, I think it will be a good start to promote there and get the words out, that will be the first steps. And then you can listen to your members as to how you can improved in this tight competition.

[Slow death]

I see more and more such casino sites comming live and wondering if its still profotable to run the new online casino?

It is a very competitive business, but there are few reputable casinos and reliable casinos, so you can have a big advantage over competition if you offer something unique that shows you are more reliable in relation to competition

there are thousands of such sites

Got scammed by btc-casino.io

many casinos are unreliable and provide poor service

how to make it unique and get people to visit and play in my casino site?

first research what other casinos offer, then research what people complain about casinos. so you will have the answer to your question

[starspredict]

I think it is very profitable to run a cryoto casino. You have to market correctly and run things smooth though.

[stomachgrowls]

I see more and more such casino sites comming live and wondering if its still profotable to run the new online casino? there are thousands of such sites, how to make it unique and get people to visit and play in my casino site?

This isnt a proper board for such topic.

Going back, if you do able to see lots of gambling sites then you can really say that this is indeed a profitable business and lots of them do strive to make one because
this will give out profits for long term if you do able to succeed but the question is, how you would able to make it happen? Lots of factors to be considered before building
one which you should create something unique that havent seen before or simply not a copy one.

[olohifie]

I see more and more such casino sites comming live and wondering if its still profotable to run the new online casino? there are thousands of such sites, how to make it unique and get people to visit and play in my casino site?

Choosing an online casino is a serious business and with the vast majority of several others floating around the web, there's no excuse for not doing your homework. Advertisement to reach potential gamblers is key alongside other unique features that will prove your reputation. Have to be prepared before starting up

[Patatas]

I see more and more such casino sites comming live and wondering if its still profotable to run the new online casino? there are thousands of such sites, how to make it unique and get people to visit and play in my casino site?

Yes, the business will always be profitable if there is a big enough market for it. And the market for crypto gambling is big. However, the only thing that restricts users from trying out the new gambling sites is the reputation. People don't like getting out of their comfort zone as it's risky. Plus not many gambling sites are genuine in their operations as running a gambling site requires huge investments.

[Kakmakr]

You might see a lot of them popping up like mushrooms if the legislation is pushed through to stop online gambling in the USA. I have seen some proposals that governments wants to stop online gambling, because of money laundering concerns and also tax evasion and a increase in gambling addiction that are not being managed properly by internet gambling institutions.

A lot of these casinos will be forced to continue their operations in other countries or illegally with anonymous Crypto currencies. 

[BigDippr]

I would do it with online poker.  Might be an niche that is under served. And like any business it's probably not enough to launch it and hope people come.  You have to build a community from the ground up.  If you figure out how to do that, please let the rest of us know!!   

[Harlot]

Your question answers itself. Why do you think new crypto gambling casinos are opening up even if there is tough competition on the industry? Because they know that there is still demand for new casinos to be built, I know a lot of players play multiple casinos not only one as just like any player from traditional casinos they still feel "cold" or know they have a losing streak on their casino that is why they switch up to test their luck on different casinos. So if you think you can be part of the casinos who compete with each other you must stay competitive with them through marketing and through your service that can match if not outmatch them.

[dappminer]

yes it is, eosbet.io has made over 10m USD in last month, and they have shared 630k EOS with token holders.
The innovation of this platform is, by playing their games, you actually "mine" the platform tokens, which give you the right to enjoy long term profits of the house.
And this token can be traded later.

[Fabienne_ayy]

I see more and more such casino sites comming live and wondering if its still profotable to run the new online casino? there are thousands of such sites, how to make it unique and get people to visit and play in my casino site?

there are even websites where you can watch films paying BTC, so why not? The idea is great, the half of it to be completed is to start somewhere somehow, hope to hear from you soon!