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Author Topic: Setting up a gambling business  (Read 679 times)
wxa7115
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September 09, 2021, 07:23:24 PM
 #101

Am beginning to pick interest in gambling but I don't have any computer code knowledge but will love to operate a gambling site and will like to get some advice from the members of this forum, I have the capital to run the business until it starts making profits.
I will be very direct, it is going to be difficult for you to create a profitable casino, I say this because you have no deep knowledge about the industry and you do not know how to code, which in my opinion you need at least one of those characteristics to have a chance to become successful.

Now you need to hire two different people with that knowledge while you put the money, but running a casino is very expensive, coding it is probably the easiest part, then you need a marketing campaign and you need to have a huge bankroll to not go bankrupt on the first months of operation, so I would recommend that you do not do something as risky as this.

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September 09, 2021, 07:32:58 PM
 #102


but I agree with your opinion that programmers are very important and needed in this sector.

Programmers alone aren't enough, if it turns out the OP doesn't really want to destroy his business. The work as a whole made us not feel that here the OP is building a business which he just couldn't give us further explanation and how he is growing while looking for a professional team. It would indeed cost a fortune and that definitely stopped him from pursuing that desire.

not only, but also

definitely a person for marketing or a team is really important if they want to grow a gambling website, signature campaigns here can help but are only a minor part of what you need for a website to grow and be trusted on the web, specially when it comes to money and the gambling sector

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September 09, 2021, 07:45:27 PM
 #103

What kind of platform are you exactly looking at? There are tons of established crypto casino already and to compete, you must have some hell of a platform that offers lots of generous bonuses and a robust security system in order for your players and patrons to feel safe. You can also setup a sports book and there are less competitors, though the licenses together with the connection you need to have in order to get your lines ready will be a lot of work. Programmers who will do the dirty work of setting everything up is easy. You just have to have the connections, the money, the time, and the unique idea in order to establish that platform of yours.
There's no wrong to make out such step because if you do have the money then its your decision whether you do engage on business or something.So let him be if he decided to make some gambling
site the thing here is that he should know on what he's doing and since he do ask out for some advices then better answer it out rather than on making out conclusions that he wont succeed.
@OP, you should hire some professional on coding your website but of course you would need to pay up some sum for it and you should
be at least knowledgeable on this industry.

R


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September 09, 2021, 08:55:56 PM
 #104


but I agree with your opinion that programmers are very important and needed in this sector.

Programmers alone aren't enough, if it turns out the OP doesn't really want to destroy his business. The work as a whole made us not feel that here the OP is building a business which he just couldn't give us further explanation and how he is growing while looking for a professional team. It would indeed cost a fortune and that definitely stopped him from pursuing that desire.

not only, but also

definitely a person for marketing or a team is really important if they want to grow a gambling website, signature campaigns here can help but are only a minor part of what you need for a website to grow and be trusted on the web, specially when it comes to money and the gambling sector

Getting exposure in one fo the most popular crypto forum would help, a wise gambler would see a forum's information more valuable that a personal review of a person in youtube because it could be bias, here, if one gambling site has a thread (not moderated), members would see the real reputation of a gambling site, so signature campaign would really help a lot.

R


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September 09, 2021, 08:58:27 PM
 #105

Surprised that most replies are suggesting to hire a developer to create the website! If you want to start your gambling business then there is much more than that to consider.
Aside from creating the platform (which needs more than one experienced developer to accomplish), you need to obtain a gambling license and probably you will have to hire a lawyer to take care of that. Also, you have to develop your own games or use some software providers to provide content to your platform.
You should also take care of integrating a secure and reliable payment gateway. Not to mention advertising, hiring a customer service team, maintenance...

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September 10, 2021, 02:31:28 AM
 #106

Surprised that most replies are suggesting to hire a developer to create the website! If you want to start your gambling business then there is much more than that to consider.
Aside from creating the platform (which needs more than one experienced developer to accomplish), you need to obtain a gambling license and probably you will have to hire a lawyer to take care of that. Also, you have to develop your own games or use some software providers to provide content to your platform.
You should also take care of integrating a secure and reliable payment gateway. Not to mention advertising, hiring a customer service team, maintenance...

In short to make an start-up business OP will literally start from scratch, gather people that could highly help him to make his dream come true and not to forget that OP need to educate himself too because the command or the final decision for the business transactions will be done through his final word. It would be a great factor too if OP could have a computer code knowledge. Overall starting up a gambling business is difficult but possible since OP have had already a fuel to start the engine.
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September 10, 2021, 05:04:48 AM
 #107

Create a team that will help you in doing everything, you need to have a lot of funds though if you want to invest in that kind of team where you don't have to work a single time because you have the employees to do what needs to be done. Try to find them offline if possible to gauge the character of the applicant.

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September 10, 2021, 06:01:42 AM
 #108

Create a team that will help you in doing everything,

Creating a team is part of building the business the ops need to first develop his skills in gambling operation from an existing gambling platform after he gains adequate skills he can now set up a team that are mostly technical and computer programmers that will help build and run the site smoothly.

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September 10, 2021, 08:21:37 AM
 #109

I hope that OP had read what we are saying here and spare his time to analyze the situation.
And there is one thing I could suggest you OP is to take someone who owns a business if you could find a person who is also in gambling much better as this person will guide and educate you to the things that you need to procure before having in real business. It is much better for you to have a business partner that could really teach of what you have to do because this was not easy, that was the truth.

I do not follow this topic closely, but I remember that even on this forum I saw announcements for the sale of ready-made casino scripts + work with existing casinos on the basis of a franchise. I think the last option is very working, given the fact that if this is a real franchise and not a fraud, then for your money you get a complete business model with ready-made algorithms and you just have to follow it instead of learning everything from scratch.

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September 10, 2021, 09:21:07 AM
 #110

Am beginning to pick interest in gambling but I don't have any computer code knowledge but will love to operate a gambling site and will like to get some advice from the members of this forum, I have the capital to run the business until it starts making profits.

The best source of information would be someone who has already launched a gambling website, but person like this probably will not speak up here, because why help build competition ..  Wink Cheesy

I think if you have funds you need to buy a casino script and learn the basics of how to install and operate it, or just hire someone who knows how to do it. It is much more difficult to promote a casino and attract players to it, i.e. marketing. But you can also hire professionals for this.

Have you already taken any first steps to launch your gambling website?
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September 10, 2021, 09:28:11 AM
 #111

I hope that OP had read what we are saying here and spare his time to analyze the situation.
And there is one thing I could suggest you OP is to take someone who owns a business if you could find a person who is also in gambling much better as this person will guide and educate you to the things that you need to procure before having in real business. It is much better for you to have a business partner that could really teach of what you have to do because this was not easy, that was the truth.

I do not follow this topic closely, but I remember that even on this forum I saw announcements for the sale of ready-made casino scripts + work with existing casinos on the basis of a franchise. I think the last option is very working, given the fact that if this is a real franchise and not a fraud, then for your money you get a complete business model with ready-made algorithms and you just have to follow it instead of learning everything from scratch.

You are absolutely right. Working in a franchise of a well-established company is a great option to start a business not only in the area of gambling. Working in a franchise will provide support for your business during its formation. The main thing in this business is not to run into crooks, and it is better to choose a franchise without additional royalty payments.  

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imstillthebest
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September 10, 2021, 09:45:02 AM
 #112

Quote
I have the capital to run the business until it starts making profits.
seems you really have a lot of capital because it could take a long time for a business to became profitable and within this time you can spend lots of money for marketing and other expenses .
i think operating or managing a gambling site dont need heavy knowledge in coding and there are now services that offers a solution in gambling business , they can make a site for you and do other technical things .
 like this one for example https://slotegrator.pro/
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September 10, 2021, 10:03:58 AM
 #113

In my opinion, at the beginning you should try as much as possible to learn about the operation of this type of business. The majority of websites is that it is enough to throw them on the server and all this. In the case of websites related to money, the security case is very complicated, and the more gambling services.
Without basic knowledge, you will be exposed to a large danger of losing funds.
You must hire specialists and auditors and then deal with marketing.
Knowledge about programming is not the most important, but without it certainly the costs of creating a gambling website grow a lot.

If you start development, share your experiences with us.
Good luck.

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September 10, 2021, 10:08:20 AM
 #114

Create a team that will help you in doing everything,

Creating a team is part of building the business the ops need to first develop his skills in gambling operation from an existing gambling platform after he gains adequate skills he can now set up a team that are mostly technical and computer programmers that will help build and run the site smoothly.
It is not easy to find the right people who will join your team, especially if you do not know much about them. Maybe he can use selection among his friends who know about technology and computer programmers, especially those who have experience in coding. It will not be a problem if he can get the right people on his team but not all friends who know about his project will work better between the other friends so, in this matter, communications will be the important thing that he needs to concern.

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September 10, 2021, 10:23:13 AM
 #115

It would be better to close this thread here. All arguments for and against opening a gambling business of the user have now been discussed in detail and nothing new is added. The discussion is just going around in circles.
We can conclude that the user should not open a gambling business, because he lacks basic knowledge about this industry.
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September 10, 2021, 10:42:58 AM
 #116

It would be better to close this thread here. All arguments for and against opening a gambling business of the user have now been discussed in detail and nothing new is added. The discussion is just going around in circles.
We can conclude that the user should not open a gambling business, because he lacks basic knowledge about this industry.

absolutely right and BTW the OP was today active but not in here as he should thank all contributors but he did not  Angry

but he posted here in his new thread

https://bitcointalk.org/index.php?topic=5359235.msg57903450#msg57903450

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September 10, 2021, 11:44:13 AM
 #117

It would be better to close this thread here. All arguments for and against opening a gambling business of the user have now been discussed in detail and nothing new is added. The discussion is just going around in circles.
We can conclude that the user should not open a gambling business, because he lacks basic knowledge about this industry.

absolutely right and BTW the OP was today active but not in here as he should thank all contributors but he did not  Angry

but he posted here in his new thread

https://bitcointalk.org/index.php?topic=5359235.msg57903450#msg57903450
It seems the OP is too busy to continue to make another thread, instead of having to do research on his desire to build a gambling business, I don't know what is in the OP's mind at this time, does he still want to start a gambling business or maybe not? because it seems he has given up because indeed building an online gambling site is not an easy job to do. Grin Grin

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September 10, 2021, 02:52:13 PM
 #118

It would be better to close this thread here. All arguments for and against opening a gambling business of the user have now been discussed in detail and nothing new is added. The discussion is just going around in circles.
We can conclude that the user should not open a gambling business, because he lacks basic knowledge about this industry.

Exactly, and you jump to the right conclusions because that's the point. The OP will be surprised it seems like he started it but he can't give any further explanation. Let's leave this thread and let the OP come read all the discussion. Because there really is no common ground to resolve the OP wish. We tried to help provide solutions and views, but that didn't produce any output.
.

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September 10, 2021, 03:17:31 PM
 #119

It would be better to close this thread here. All arguments for and against opening a gambling business of the user have now been discussed in detail and nothing new is added. The discussion is just going around in circles.
We can conclude that the user should not open a gambling business, because he lacks basic knowledge about this industry.
and it seems like here if we look I think the OP is more busy with starting a new thread than doing research and seeing the conclusions he has to accept in this thread. I think if that's the case this thread will feel useless if the OP just makes a thread like this just to add to the list of threads he made not to actually run a business.

but I've never doubted anyone on the forum who I think is cool in dealing with things.
and I agree if it's true that the OP wants to make a business in this environment I think it will only make him lose because it's basic that he still doesn't have the ability in this field, just relying on capital is not enough I think.

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September 10, 2021, 03:39:54 PM
 #120

It would be better to close this thread here. All arguments for and against opening a gambling business of the user have now been discussed in detail and nothing new is added. The discussion is just going around in circles.
We can conclude that the user should not open a gambling business, because he lacks basic knowledge about this industry.

Exactly, and you jump to the right conclusions because that's the point. The OP will be surprised it seems like he started it but he can't give any further explanation. Let's leave this thread and let the OP come read all the discussion. Because there really is no common ground to resolve the OP wish. We tried to help provide solutions and views, but that didn't produce any output.
.
In that case, he better not pursue that otherwise, OP will just lose his money.
Running any business is wasn't a joke and it simply needs a concrete plan. It will not only just need of money but knowledge is very important in this. If OP never thinks that all the advice we gave to him will help, I don't know if he will be able to execute his plan.

Now, it was in his hand to make a decision about this. If he cares about himself and the money he has, then he should think wisely and let someone help him instead.


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