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Author Topic: Looking to start an online casino  (Read 977 times)
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July 31, 2022, 10:30:16 AM
 #121

I have a background in coding, and I know the in and outs of integrating crypto, yet i have zero game development skills, and i have no idea how much it will cost, and will it even get users.

Online casino is indeed a good business but it's not that easy to build it even if you are knowledgeable in coding. Even if you manage to create the website alone and get it a license, you will need other staffs that will help you to manage the platform. You will need to think of marketing strategies on how to attract users on your website. You will also need a customer support that will cater to the issues that your users will experience.

Above all, initial capital is the most important. No casino can run efficiently without the flow of funds at the beginning, they must pay their employees, support promotions and marketing, and pay out player winnings. If this is not addressed appropriately, the casino may go bankrupt within its first month.

Simply looking at the launch of a casino will show you that a welcome bonus of 200% is being used to lure new players, the smart players know how to use this effectively and always win at all costs.  Now, tell me how the will casino survives with excess bonuses and wins of players, that's the period they begin to play fowl games and begin their bad reputation, most often than not, such casinos usually fold up.

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July 31, 2022, 11:50:12 PM
Last edit: August 01, 2022, 04:15:54 AM by bitgov
 #122


That's why the gambling business attracts many investors to try it but not many business owners can run their gambling business well. In addition to requiring larger capital, it will also have other things to prepare.
Check for the reviews ... do your research
Proper research before investing and once you make a decision - stick to it

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August 01, 2022, 02:19:38 AM
 #123

Hey guys!

So I am interested in starting an online bitcoin casino, yet i have no idea how to start from.
I have a background in coding, and I know the in and outs of integrating crypto, yet i have zero game development skills, and i have no idea how much it will cost, and will it even get users.
Any help would be well appreciated! and looking for partners if anyone wants to start that.

Thank you!
I believe game development skills aren't a big concern, because you can purchase games' codes from some companies. As you have background in coding, you will be able to configure the games as you wish after acquiring them, so you can adapt the style of your platform to the different games disponible.

I know popular gambling websites which didn't fully develop the games they offer by themselves, so it's still possible to be successful doing this.

Your main concerns should be security, initial investment and marketing. Firstly, a kind of hype is needed, so most potential customers as possible will hear about your site. If successful on this aspect, you need a large amount of funds to cover possible initial losses as players win, while having a top notch security system to prevent hacking attempts.

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August 01, 2022, 12:19:13 PM
 #124


So I am interested in starting an online bitcoin casino, yet i have no idea how to start from.
I have a background in coding, and I know the in and outs of integrating crypto, yet i have zero game development skills, and i have no idea how much it will cost, and will it even get users.
Any help would be well appreciated! and looking for partners if anyone wants to start that.

Before planning to make such casino you need to have good experience in game development as well as need blockchain based skills or you will be exposed to certain losses. You can make partner but they have to be honest and trusted and have the good knowledge what you are going to established or else have to loss. Not only that, you also need to keep in mind that you need a large investment to advertise your casino or gambling platform. If you are confirmed about these things then you are welcome.

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August 01, 2022, 12:53:06 PM
 #125


So I am interested in starting an online bitcoin casino, yet i have no idea how to start from.
I have a background in coding, and I know the in and outs of integrating crypto, yet i have zero game development skills, and i have no idea how much it will cost, and will it even get users.
Any help would be well appreciated! and looking for partners if anyone wants to start that.

Before planning to make such casino you need to have good experience in game development as well as need blockchain based skills or you will be exposed to certain losses. You can make partner but they have to be honest and trusted and have the good knowledge what you are going to established or else have to loss. Not oqubnly that, you also need to keep in mind that you need a large investment to advertise your casino or gambling platform. If you are confirmed about these things then you are welcome.
Basic requirement is the capital investment. Prior experience in gambling platforms will help to develop the platform according to the user needs. As mentioned trusted team is a must, because better the development better will be the functioning and the increasing usage of the platform. Even a small problem could make a big loss with the platform. So, there is a need of increased security. Beyond all this trust is much needed, which can be developed through the platforms continued progress without any form of accusation.

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August 01, 2022, 06:03:12 PM
 #126


Basic requirement is the capital investment. Prior experience in gambling platforms will help to develop the platform according to the user needs. As mentioned trusted team is a must, because better the development better will be the functioning and the increasing usage of the platform. Even a small problem could make a big loss with the platform. So, there is a need of increased security. Beyond all this trust is much needed, which can be developed through the platforms continued progress without any form of accusation.
You can find some freelancers if you don't want to hire a big staff and dont have much space for it.
There are coworking spaces as well - where you work and get benefited without creating your new office.

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August 01, 2022, 09:11:20 PM
 #127

You can find some freelancers if you don't want to hire a big staff and dont have much space for it.
There are coworking spaces as well - where you work and get benefited without creating your new office.
It's a serious business and by just hiring freelancers, it's like a quick and finis task without having the connection from those developers. You may hire them again in the future if there's something wrong with their work mostly for the codes.
Better to hire organizations that would help you build out the entire business and can maintain it for the sake of your customers, that's what it should be because security and maintaining it on its form is a must.

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August 01, 2022, 09:32:06 PM
 #128

You can find some freelancers if you don't want to hire a big staff and dont have much space for it.
There are coworking spaces as well - where you work and get benefited without creating your new office.
It's a serious business and by just hiring freelancers, it's like a quick and finis task without having the connection from those developers. You may hire them again in the future if there's something wrong with their work mostly for the codes.
Better to hire organizations that would help you build out the entire business and can maintain it for the sake of your customers, that's what it should be because security and maintaining it on its form is a must.
Freelancers might be helpful for after sales stage – the marketing side not the development stage.
Hiring freelancers without fully audit the gaming software  or even so will be a pain in the ass in the future use.
Hiring software providers or fulltime developer is a must for casinos, although OP knows how to code but it will take ages before he can finish it or fix it, so.

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blockman
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August 01, 2022, 09:43:09 PM
 #129

You can find some freelancers if you don't want to hire a big staff and dont have much space for it.
There are coworking spaces as well - where you work and get benefited without creating your new office.
It's a serious business and by just hiring freelancers, it's like a quick and finis task without having the connection from those developers. You may hire them again in the future if there's something wrong with their work mostly for the codes.
Better to hire organizations that would help you build out the entire business and can maintain it for the sake of your customers, that's what it should be because security and maintaining it on its form is a must.
Freelancers might be helpful for after sales stage – the marketing side not the development stage.
Hiring freelancers without fully audit the gaming software  or even so will be a pain in the ass in the future use.
Hiring software providers or fulltime developer is a must for casinos, although OP knows how to code but it will take ages before he can finish it or fix it, so.
You said it right, they're good for that purpose like for marketing and customer support. But entrusting them with the whole coding thing, you have to know them very well and you have to be fully committed so that you're going to have no problems with them deploying the entire project and codes.
Because you don't want to have issues when you have some lack of payment to them and their demand or else, they'll make things complicated for you and can even put some ticking bomb on your business if you neglect maybe in payment or anything that they demand as a worker. They're not even bind if you don't give them a contract.

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August 01, 2022, 09:52:22 PM
 #130

You can find some freelancers if you don't want to hire a big staff and dont have much space for it.
There are coworking spaces as well - where you work and get benefited without creating your new office.
It's a serious business and by just hiring freelancers, it's like a quick and finis task without having the connection from those developers. You may hire them again in the future if there's something wrong with their work mostly for the codes.
Better to hire organizations that would help you build out the entire business and can maintain it for the sake of your customers, that's what it should be because security and maintaining it on its form is a must.
Freelancers might be helpful for after sales stage – the marketing side not the development stage.
Hiring freelancers without fully audit the gaming software  or even so will be a pain in the ass in the future use.
Hiring software providers or fulltime developer is a must for casinos, although OP knows how to code but it will take ages before he can finish it or fix it, so.
You said it right, they're good for that purpose like for marketing and customer support. But entrusting them with the whole coding thing, you have to know them very well and you have to be fully committed so that you're going to have no problems with them deploying the entire project and codes.
Because you don't want to have issues when you have some lack of payment to them and their demand or else, they'll make things complicated for you and can even put some ticking bomb on your business if you neglect maybe in payment or anything that they demand as a worker. They're not even bind if you don't give them a contract.

this is why if you are serious in setting-up this business, you will hire dedicated staffs that can fully devote themselves in the continuous development of the platform. hard to trust the site with freelancers. i do agree that when it comes to marketing or customer support, that's fine. but when it comes to site itself, you should have a very good relationship with them. otherwise, they can truly ruin your business in one snap.

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August 01, 2022, 10:00:33 PM
 #131


this is why if you are serious in setting-up this business, you will hire dedicated staffs that can fully devote themselves in the continuous development of the platform.

Not only dedicated but the right people for the job.  Devoted people plus skills matching their job produce great works.


hard to trust the site with freelancers. i do agree that when it comes to marketing or customer support, that's fine. but when it comes to site itself, you should have a very good relationship with them. otherwise, they can truly ruin your business in one snap.

I don't mind hiring freelancers for the job as long as they are professionals and have the right skill for the job.  I think the insurance that freelancers won't do the nasty thing is an agreement  or contract that will bind them.  If ever the freelance had done something wrong, you can always file a lawsuit against them due to breach of contract.
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August 01, 2022, 10:26:40 PM
 #132

I have a background in coding, and I know the in and outs of integrating crypto, yet i have zero game development skills, and i have no idea how much it will cost, and will it even get users.

Online casino is indeed a good business but it's not that easy to build it even if you are knowledgeable in coding. Even if you manage to create the website alone and get it a license, you will need other staffs that will help you to manage the platform. You will need to think of marketing strategies on how to attract users on your website. You will also need a customer support that will cater to the issues that your users will experience.

Above all, initial capital is the most important. No casino can run efficiently without the flow of funds at the beginning, they must pay their employees, support promotions and marketing, and pay out player winnings. If this is not addressed appropriately, the casino may go bankrupt within its first month.

Simply looking at the launch of a casino will show you that a welcome bonus of 200% is being used to lure new players, the smart players know how to use this effectively and always win at all costs.  Now, tell me how the will casino survives with excess bonuses and wins of players, that's the period they begin to play fowl games and begin their bad reputation, most often than not, such casinos usually fold up.

People just see that online casino are easy to open as they only have to buy a domain, deploy a script to the site or hire a developer who will build a gambling site. They forget that the real challenge begins when they have to promote their site and the money involved in this marketing promotion.
No gambling site can run without promotions because of the high competition between the online gambling sites.

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August 01, 2022, 10:37:14 PM
 #133

You said it right, they're good for that purpose like for marketing and customer support. But entrusting them with the whole coding thing, you have to know them very well and you have to be fully committed so that you're going to have no problems with them deploying the entire project and codes.
Because you don't want to have issues when you have some lack of payment to them and their demand or else, they'll make things complicated for you and can even put some ticking bomb on your business if you neglect maybe in payment or anything that they demand as a worker. They're not even bind if you don't give them a contract.

this is why if you are serious in setting-up this business, you will hire dedicated staffs that can fully devote themselves in the continuous development of the platform. hard to trust the site with freelancers. i do agree that when it comes to marketing or customer support, that's fine. but when it comes to site itself, you should have a very good relationship with them. otherwise, they can truly ruin your business in one snap.
Yes, it's all about the long-term plans that you have and not just all about building them. So what's next after building it? Do you think that you're okay with that already? Not yet, there's a long process and you also need to build your reputation and there goes the other staff that should help you on your way by doing it. Aside from that, at the first months of operations, you really have to spend a lot of money for those purposes if you want to get into the real serious business of owning a casino.

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August 01, 2022, 11:11:10 PM
 #134

You can find some freelancers if you don't want to hire a big staff and dont have much space for it.
There are coworking spaces as well - where you work and get benefited without creating your new office.
It's a serious business and by just hiring freelancers, it's like a quick and finis task without having the connection from those developers. You may hire them again in the future if there's something wrong with their work mostly for the codes.
Better to hire organizations that would help you build out the entire business and can maintain it for the sake of your customers, that's what it should be because security and maintaining it on its form is a must.
Aaaand on top of that ... you need a great matketing strategy , otherwise any great great services or products will never get any user and gonna be an abandoned project , remember just remember ... the goal is to make money and without having those marketing strategy , your project / casino will become nothing.

Get your code up , build an extraordinary addicting game and do the continuous promotion , all of these must be done in perfect way, all of them.

.
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August 01, 2022, 11:33:59 PM
 #135

It's a serious business and by just hiring freelancers, it's like a quick and finis task without having the connection from those developers. You may hire them again in the future if there's something wrong with their work mostly for the codes.
Better to hire organizations that would help you build out the entire business and can maintain it for the sake of your customers, that's what it should be because security and maintaining it on its form is a must.
Aaaand on top of that ... you need a great matketing strategy , otherwise any great great services or products will never get any user and gonna be an abandoned project , remember just remember ... the goal is to make money and without having those marketing strategy , your project / casino will become nothing.

Get your code up , build an extraordinary addicting game and do the continuous promotion , all of these must be done in perfect way, all of them.
Promotions are part of any business and that's why it's after the building of the casino. There are too many things that need to consider when someone has thought of making it one of his revenue. The revenue will come likely once you're established but it will take time before you see that happen. And it's not just all about the promotion, we're already there but even if the promotion is good and the service sucks, that's what these aspiring owners have to realize. Because that will shoo away those customers that they've taken from their marketing if the service isn't good.

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August 01, 2022, 11:42:49 PM
 #136

It's a serious business and by just hiring freelancers, it's like a quick and finis task without having the connection from those developers. You may hire them again in the future if there's something wrong with their work mostly for the codes.
Better to hire organizations that would help you build out the entire business and can maintain it for the sake of your customers, that's what it should be because security and maintaining it on its form is a must.
Aaaand on top of that ... you need a great matketing strategy , otherwise any great great services or products will never get any user and gonna be an abandoned project , remember just remember ... the goal is to make money and without having those marketing strategy , your project / casino will become nothing.

Get your code up , build an extraordinary addicting game and do the continuous promotion , all of these must be done in perfect way, all of them.
Promotions are part of any business and that's why it's after the building of the casino. There are too many things that need to consider when someone has thought of making it one of his revenue. The revenue will come likely once you're established but it will take time before you see that happen. And it's not just all about the promotion, we're already there but even if the promotion is good and the service sucks, that's what these aspiring owners have to realize. Because that will shoo away those customers that they've taken from their marketing if the service isn't good.
Yuppp , that's why i said ... all of them must be done in perfect way .

I mean between the services/ products and marketing there must be a syncronizing ... a great marketing + great service would convert you a huge revenue.
A great marketing + bad service would convert you a bad user experience and they mostly will never comeback
A bad marketing + great service convert you a slow growth in revenue despite how great the service is.
Pretty simple but the execution itself pretty tough i must say.

.
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August 01, 2022, 11:46:43 PM
 #137


People just see that online casino are easy to open as they only have to buy a domain, deploy a script to the site or hire a developer who will build a gambling site. They forget that the real challenge begins when they have to promote their site and the money involved in this marketing promotion.
No gambling site can run without promotions because of the high competition between the online gambling sites.
Just on an overview about house making an edge, they simply think of running a gambling platform. By the time it is more important that the industry is no more the same as the past. The competence level is very big and to stay against them in the market isn't an easy thing. It requires big money. As said promotion is the key factor that can make changes. In the past it is possible to grow a platform from the scratch with small investment and slowly make it progress. Now it have turned to be billionaire's business.

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rodskee
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August 02, 2022, 06:24:00 AM
 #138

After achieving all this, the biggest problem remains in obtaining the necessary licenses.
Of course, it is possible to launch the casino without licenses, and some countries enable their citizens to launch these services, but then it will be difficult to obtain the trust of users easily. Some trusted members of the forum can do this and then their reputation and history of trust will be the guarantor of the casino's integrity. As for unknown investors, they will need to obtain these licenses.

Yes, getting license it such a pain. For example an online gambling website in my country needs to be verified and legal, because as soon as your website gets users and become well known government will see this, also our banks doesn't accept money came from gambling even legally or not, basically you need the trust of the government and the people, it is very hard to create gambling website in our country, I hope that ts has a good country that will not prevent him or will give him a hard time licensing it.

running and operating a casino or gambling site is no easy feat. this is not for all. aside from all those backbreaking requirements, you should be prepared with enough bankroll to get going. i hope people are thinking hard before jumping on this business. it is no easy peasy to maintain this business also. this is why if you are just half-hearted on this, better not involve yourself on this endeavour.
this a business for Gambling expert and also a literal gambler that has Good amount of capital because we know how long this would take before players do visit and deposit in your site .
trust is what you need to established and gain respect and players.

so with those I think this business is limited to those who has that attitude,.behavior and capacity .
You are right. If the casino can gain the players' trust, they will benefit from its business, where the players will find comfort in playing gambling at the casino. This can't be found in other casinos even though they both build a casino but if one casino can't provide good service, that casino won't be able to develop better. Maybe getting a license is one way to gain the players' trust, but still, better service can give more trust from the players.
we have witnessed several times that Licensed casino still make scams in this business and also those plenty of fake licenses being presented just to fool players , meaning this is not the point to believe in certain casinos.
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That's why the gambling business attracts many investors to try it but not many business owners can run their gambling business well. In addition to requiring larger capital, it will also have other things to prepare.

also correct , we have also noticed that only few from hundred casinos made its way up  and we cannot assure perfect result as long as they are not pleasing the gamblers in any way.

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August 02, 2022, 07:28:18 AM
 #139

The competence level is very big and to stay against them in the market isn't an easy thing. It requires big money. As said promotion is the key factor that can make changes. In the past it is possible to grow a platform from the scratch with small investment and slowly make it progress. Now it have turned to be billionaire's business.
and the intense competition makes to be successful in the gambling industry you must have a lot of money because it will spend quite a large amount of money for promotion and in my opinion this is the part that spends the most capital apart from the others, so in my opinion for now it is difficult or maybe impossible to build a casino from small capital and expect to survive.

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August 02, 2022, 08:18:42 AM
 #140

I don't know about coding, so i can't give an opinion on this. But if you increase the variety of payment systems, the more payment and deposit systems the more users will be. Deposits and withdrawals created in a simple way are important for the accessibility of the site. You should not depend on one payment system. You should pay attention to the many types of gambling. Here are some small recommendations from my point of view.

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