Setting up a gambling business

[rodskee]

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.

You should probably acquire at least some knowledge when it comes to coding before you start with this venture.

That way, you can be at least somewhat sure that you're not getting scammed by the developers that you hire, they're not billing you for more than necessary, and worse yet, they're not installing any backdoors in order to extract funds from your business once it's up and running.

Correctly needed , because if you know nothing about the business then you will be fooled at all cost since you will be dealing with separate knowledge from other people.

And seriously make sure that you are sufficiently capitalized and not short on funds BEFORE you start this venture.

He is confidently in having a capital so i think that cannot be a problem , only the operation is what he mostly in concern .

[Rruchi man]

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.

Most times, when venturing into a new business say gambling in this case and you have the capital to push the business without the technical knowledge, it is good that you get yourself a team of professionals in different aspects involving gambling to get involved in your project to build and run a gambling site, you can't do it on your own, some projects run better with a team rather than an individual.

[JackpotRacer]

many good answers and info till now

but

no feedback from the Operator 

very strange IMO

[xSkylarx]

If you want to go big, you should hire a programmer on a long-term basis because your website will need to be maintained and some loopholes will need to be fixed. It's difficult if you just bought a template online and run it because the upgrades and features you want aren't very flexible to add, but if you hire a talented programmer, anything you want can be added to your side. My recommendation is to hire a team of programmers and ask them to build a gambling site for you, along with an estimate of how much it will cost and how long it will take to complete or until the beta release. It is extremely costly at first and takes months to build, and maintaining the site's reputation is an additional task.

[Yamifoud]

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.

Having people to help you to design and run your business is a part of the capital...
*Money
*Manpower
*Equipment

All of these things place an important role in business, you can't simply run the business alone but it needs more hands to work it perfectly or at least. So if you think you have enough money to start a business, then you should have acquired them.

[nakamura12]

I don't have to say it again but the guide on to start your own gambling business is already provided. You just have to follow what they said since you mentioned that you don't have knowledge about computer coding. All you need is the budget to hire all personnel that you needed to do it and acquire gambling license for your platform.

[KTChampions]

I don't have to say it again but the guide on to start your own gambling business is already provided. You just have to follow what they said since you mentioned that you don't have knowledge about computer coding. All you need is the budget to hire all personnel that you needed to do it and acquire gambling license for your platform.

Totally agree with you. Any technical moments are trifles (of course, if you are not trying to create something revolutionary), the most important thing is management - lawyers and marketing who will spend the budget in the right way and establish financial flows. People who look at the business from the bottom up and think about technical trifles like coding are very wrong.

[Fesatmas]

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.

You have the capital then there should be no problem here, you can start buying the things that you may needed on putting up an online gambling and I do also suggest to hire a good team with regards to this one, because its hard to do it alone.

I guess there's a problem even OP has a fund as capital to start the business, I am thinking about how the team should be trusted too that you can trust. This is very important because you will never know they are milking to your fund and right after they will disappear. It should be can be trusted or there should be a contract and as an owner, everything they do you must study, dont rely on your staff and the developers, they will I guess having a nad inetention.

OP needs to at least learn the basic before hiring someone or teaming up with someone, even he have funds to finance this business it still difficult for him to entrust his money to anyone, unless he'll take some time to learned the basic coding just to have an idea on how the business will work.

Though everything is available online with the right amount of offers, he can hire coders and he can tie the business up with the online gaming developers.

But the fact remains, better not to start something that you don't any idea, invest with your knowledge and be prepared with all the risk that accompanying your target business.

It's true what you all say, that the OP is still too hasty in making decisions in setting up a gambling business. Many things must be fulfilled. Aspects of team selection are also not arbitrary and as long as you choose, the suitability of goals and thoughts that are in line will be much more likely to lead to success. For the OP, he has to think of many tasks that he needs to make as detailed as possible to make such a business proposal, especially in the field of gambling business is not an easy thing.

[Sterbens]

I know that almost everyone here advises you to have a programmer and team with other skills. But in my opinion there are things that you need to prioritize, namely all the risks how the regulations in your country will also be a boost for the survival of the casino you want to create.
First, before you reach out to people outside the country you live in, you must be able to provide open access without complicating things like system settings errors. You have to do training or some kind of introduction to the gambling business, it doesn't just need intention and interest. Because you will be the main manager in determining a long-lasting business. You should know better than the team you are recruiting.

[Maslate]

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.

[smyslov]

many good answers and info till now

but

no feedback from the Operator 

very strange IMO

He last log in two days ago but once he does and he is really interested to launch his own gambling site he has a lot of options and advice to read, hopefully, he can pick the right advice and guide so he can set up his own gambling site and launch it here when the time comes, the gambling community is always here to help people who like to contribute the gambling community.

[rhomelmabini]

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 think he/she is and as per the last update from his account it seems it's getting better from his/her side. I believe @Sterbens hit it there on what the OP should be taken into consideration first - the legal matters (license and what jurisdiction you'd be in). Marketing, the software, the budget as what OP said isn't a problem should come next (the budget covers the legal issue matters and the team you want to build), just my two cents.

[bitzizzix]

What the OP needs to know is that in every business there must be two things that are certain to happen, namely profit or loss, and before starting you must have a large enough capital and also a strong mentality to accept all possibilities that will happen.
because the name of the business is not just operational costs but how do you have the mentality to answer all the challenges that lie ahead.
Establishing a gambling business is not easy, you have to really study everything well and also need some experienced and reliable advisors because this is a big business and also requires very large capital and must be planned very carefully and not carelessly.
all good advice for the OP to not only learn the gist of it but prepare yourself very well overall.

[JackpotRacer]

many good answers and info till now

but

no feedback from the Operator 

very strange IMO

He last log in two days ago but once he does and he is really interested to launch his own gambling site he has a lot of options and advice to read, hopefully, he can pick the right advice and guide so he can set up his own gambling site and launch it here when the time comes, the gambling community is always here to help people who like to contribute the gambling community.

absolutely correct so let's wait and see if he will show up

[Sterbens]

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 think he/she is and as per the last update from his account it seems it's getting better from his/her side. I believe @Sterbens hit it there on what the OP should be taken into consideration first - the legal matters (license and what jurisdiction you'd be in). Marketing, the software, the budget as what OP said isn't a problem should come next (the budget covers the legal issue matters and the team you want to build), just my two cents.

That's what should be built first. However the OP is not really serious about building on his idea. In fact he did not respond to input from all of us. Maybe this is just bullshit. The fact is that building a gambling business is not an easy process. At this time competing will further reduce the OP's interest in the initiative. It's just a wishful thinking that can't be realized without the professional team behind it all.

[worldofcoins]

What the OP needs to know is that in every business there must be two things that are certain to happen, namely profit or loss, and before starting you must have a large enough capital and also a strong mentality to accept all possibilities that will happen.
because the name of the business is not just operational costs but how do you have the mentality to answer all the challenges that lie ahead.

That's a debatable reply but in short yes it's true there will be winnings and losses here and there in a business.
But without considering the variable of losses in the beginning or later on is a dumb move, in my opinion, There's always a chance that some user making a huge sum of money from gambling on the website of OP's website but will he pay that or deny that just because he can't afford losses?

I think in the beginning it's better if OP limits the total bet amount to where they can afford the losses to be.

[carlisle1]

What the OP needs to know is that in every business there must be two things that are certain to happen, namely profit or loss, and before starting you must have a large enough capital and also a strong mentality to accept all possibilities that will happen.
because the name of the business is not just operational costs but how do you have the mentality to answer all the challenges that lie ahead.

That's a debatable reply but in short yes it's true there will be winnings and losses here and there in a business.
But without considering the variable of losses in the beginning or later on is a dumb move, in my opinion, There's always a chance that some user making a huge sum of money from gambling on the website of OP's website but will he pay that or deny that just because he can't afford losses?

I think in the beginning it's better if OP limits the total bet amount to where they can afford the losses to be.

It's very important to know your capabilities, it's true that without calculating your capacity, it will harm your business once a big whale wins.

OP needs to set this thing out and understand the impact if in case he can't afford to pay for such kinds
of gamblers inside his house.

deliberations and better preparations after collecting all this information in setting this business, never to rush
things as it will only lead you to lose your investment.

[Dread Pirate Roberts]

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.

without the skills to develop a website that is responsive and works well, you must hire someone who is an expert in that. and also you have hire people to do maintenance and security for your website. and have you ever made a similar business like this before? like a sportsbook broker? or some oldschool poker room build in prepaid software ?

[maju69]

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.

[dothebeats]

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.