Why not create a Gambling platform on Market narrative?

[zarintasnim]

Gambling has become popular day by day, with people risking their money in hopes of winning big. With the rise of technology and the Internet, online gambling has become more accessible than ever before.  However, the casino owner has won the plan and aims to increase his business.  They don't want to share their marketing plan publicly. and also to make software for it not sure if it works or not. other hand they also don't know how many new projects are coming into this market. so it is very difficult to predict which project has gone thing and which project has gone down.

[LUCKMCFLY]

Well, in the era of NFT games there was Something like that with a platform, where there were some bears and some bulls where the simulation was Made of who won or not according to the market movements, at that time it was not like watching futures Trading , where there was a bet that went up or down, and that was very exciting, I just didn't pay much attention to the things we could achieve if we carried out good technical analysis. Well then you could say that in person things would work out, I haven't seen a Casino that has it but it would be Great , although I don't Know if the advantage of the case would be compromised and it won't be as Feasible for a casino , you would have to ask to a Casino owner, because it's actually a great idea.

[3kpk3]

This just made me realize that there are tons of contests on this forum that use Bitcoin price prediction as their main game. It seems quite popular, so there is definitely some market if anyone is interested in that. If anything, I believe the profit provided by other games is probably better for the house, so there's no need for them to create a dedicated prediction game for that. I wouldn't be surprised if a dedicated Bitcoin prediction becomes mainstream though, considering how popular option trading is. CMIIW.

True. Prediction contests became a hit in this forum several years ago thanks to sites like Bitcasino etc which is why we are seeing so many sites launching their own prediction contests in order to draw in gamblers.

Also, there are dedicated Bitcoin prediction games already available in sites like Rollbit where you are supposed to predict whether it goes up or down in specific periods.

[wiss19]

Its not all about starting something, one would have looked into the demands, cost and implications of starting it, gambling has it own kind of demands in which if we are not giving it the desired effort in making it worked out, we may not achieve half the target of what we aimed form, all these are part of what constitute a gambling platform to fold up after some time or little operations because they couldn't maintain the demands and requirements needed to keep it running.

Gambling platforms are businesses, and no business can be started without a proper and well-thought plan and it's about every business in the world. When we talk about casinos and gambling platforms online, they might seem like they are easy to begin with and a person who has enough money can easily build a casino and start earning money, but little do they know that it's a lengthy process and it can't be done by a single person alone.

There are a lot of things one needs to take care of and consider before one gets into the business including the area they are targeting whether one can get enough attention from the audience one is targeting, whether one has enough money to fund the process, and don't go bankrupt in case the initial phase doesn't pay out much, and these are just a few things out of many there are.

[Betwrong]

It's just because there many millions of bettors around the world, and at least a tiny portion of them would bet on anything.

The keyword here is the ability to be able to bet on "anything" - it is human nature to bet on things and observe how their predictions go big or bad and being able to make money from it increases the thrill in the risk taking.

Indeed it is possible to create such bets and see how much popularity that bet would gain. While there might be some sites doing this already, ordinals might have a limited lifetime, from what I can make out. However a site that takes that in as well as other markets might actually do better than one handling only narratives or ordinals.

I agree, having a big variety of games on your site can help you to do better, but it's not guaranteed, you know. Sometimes specialized websites attract more attention of a specific audience, namely those people who don't want to play other games at all. It's only a question of how much of such people are there? If there are millions of them, then maybe creating a site that is handling only those specific bets worth a consideration.

[Pandu Geddon]

Gambling platforms are businesses, and no business can be started without a proper and well-thought plan and it's about every business in the world. When we talk about casinos and gambling platforms online, they might seem like they are easy to begin with and a person who has enough money can easily build a casino and start earning money, but little do they know that it's a lengthy process and it can't be done by a single person alone.

There are a lot of things one needs to take care of and consider before one gets into the business including the area they are targeting whether one can get enough attention from the audience one is targeting, whether one has enough money to fund the process, and don't go bankrupt in case the initial phase doesn't pay out much, and these are just a few things out of many there are.

Business people can create and get attention from users by creating a new casino. but the most difficult effort is maintaining their ability to compete.
More gamblers do not change casinos when they get comfortable service from a trusted casino. and the challenge for new casino makers is to gain the trust of users. and what can be done is not in a short time. but everyone knows how sweet it is to make money from the casino business.

[danadc]

Gambling platforms are businesses, and no business can be started without a proper and well-thought plan and it's about every business in the world. When we talk about casinos and gambling platforms online, they might seem like they are easy to begin with and a person who has enough money can easily build a casino and start earning money, but little do they know that it's a lengthy process and it can't be done by a single person alone.

There are a lot of things one needs to take care of and consider before one gets into the business including the area they are targeting whether one can get enough attention from the audience one is targeting, whether one has enough money to fund the process, and don't go bankrupt in case the initial phase doesn't pay out much, and these are just a few things out of many there are.

Business people can create and get attention from users by creating a new casino. but the most difficult effort is maintaining their ability to compete.
More gamblers do not change casinos when they get comfortable service from a trusted casino. and the challenge for new casino makers is to gain the trust of users. and what can be done is not in a short time. but everyone knows how sweet it is to make money from the casino business.

That is the most important thing, when a player feels that there is enough confidence to go to a casino, comply with KYC and make the deposit it is because the expectations are or are very high and that helps the sites begin to level out. above, The more community there is the more it can be achieved, I have searched many casinos and it is difficult to trust, some have native tokens, others offer other types of facilities such as making withdrawals without charge, others offer bonuses, contests, all this to attract more community and That they have good support, all this helps a site to be much stronger, of course it is my way of seeing how it should be done, but trust is earned over time.

[wallet4bitcoin]

A few years ago, NFT was launched and it set the market ablaze. Many NFT projects emerged at that time, which left investors confused. They began investing in new NFT projects without understanding them, resulting in significant losses. To this day, these investors have not been able to recover from their losses unless they sold their NFT.

Currently, meme coins are gaining popularity, with a new coin appearing in the market almost daily or weekly. The prevailing belief is that meme coins offer the highest ROI, which they are delivering.

Then, why not create a platform for predicting the performance of any cryptocurrency or a platform for predicting future trends in the market or both?

What are your thoughts on this?

I don't think that many sites have that feature, although I have come across a project that has such but it is only the sentiment of the project that is focused on. It also advices the projection of the token in no distant time from when the analysis is done.

Prediction of tokens is not an easy skill and people who do that do it as an act of speculation with no guarantees. Crypto call centers do predictions but they also give disclaimers like, "not a financial advice".

[delfastTions]

A few years ago, NFT was launched and it set the market ablaze. Many NFT projects emerged at that time, which left investors confused. They began investing in new NFT projects without understanding them, resulting in significant losses. To this day, these investors have not been able to recover from their losses unless they sold their NFT.

Currently, meme coins are gaining popularity, with a new coin appearing in the market almost daily or weekly. The prevailing belief is that meme coins offer the highest ROI, which they are delivering.

Then, why not create a platform for predicting the performance of any cryptocurrency or a platform for predicting future trends in the market or both?

What are your thoughts on this?

I don't think that many sites have that feature, although I have come across a project that has such but it is only the sentiment of the project that is focused on. It also advices the projection of the token in no distant time from when the analysis is done.

Prediction of tokens is not an easy skill and people who do that do it as an act of speculation with no guarantees. Crypto call centers do predictions but they also give disclaimers like, "not a financial advice".

We all constantly encounter the fact that someone's private opinion “is not financial advice.”  
And there are generally a lot of such opinions on different platforms on the Internet and, above all, in various social networks.  It is quite difficult to predict the behavior of tokens simply because their fate and financial support are parameters that depend on a huge number of factors, from global ones, for example, general policy or the policy of the regulator of a particular jurisdiction, to local questions like “will it be possible to reach an agreement with the investor?”  ?"  .  
In all this chaos and confusion, even AI will not be able to help, since all its forecasts are probabilistic and too vague.  Therefore, you, as a specific person, cannot make the only right decision.  And you can rely largely on your past experience and partly on intuition.  But in general, advice can of course be read, but it should never be taken seriously as real recommendations.  

Well, don’t forget that there are a huge number of fakes, false  information on the Internet and a huge number of outright scammers and thieves.

[kotajikikox]

And aside from that , Gambling is solely created to favor the owner and the team so the consensus will always for the gambling site and not for anyone of players and gamblers .
and with now that too long list of casino online is created day by day that I do believe who is owned by only few people(they are creating sites pretending to be competition but same owner behind ) I think this market will grow even without any other actions.

This just made me realize that there are tons of contests on this forum that use Bitcoin price prediction as their main game. It seems quite popular, so there is definitely some market if anyone is interested in that. If anything, I believe the profit provided by other games is probably better for the house, so there's no need for them to create a dedicated prediction game for that. I wouldn't be surprised if a dedicated Bitcoin prediction becomes mainstream though, considering how popular option trading is. CMIIW.

True. Prediction contests became a hit in this forum several years ago thanks to sites like Bitcasino etc which is why we are seeing so many sites launching their own prediction contests in order to draw in gamblers.

Also, there are dedicated Bitcoin prediction games already available in sites like Rollbit where you are supposed to predict whether it goes up or down in specific periods.

even Futuur mate is having predictions from any point of crypto to science and even politics and sports , which means prediction becomes more popular nowadays.

[Crypt0Gore]

A few years ago, NFT was launched and it set the market ablaze. Many NFT projects emerged at that time, which left investors confused. They began investing in new NFT projects without understanding them, resulting in significant losses. To this day, these investors have not been able to recover from their losses unless they sold their NFT.

Currently, meme coins are gaining popularity, with a new coin appearing in the market almost daily or weekly. The prevailing belief is that meme coins offer the highest ROI, which they are delivering.

Then, why not create a platform for predicting the performance of any cryptocurrency or a platform for predicting future trends in the market or both?

What are your thoughts on this?

I like your mindset OP, what you crave for isn't impossible but it is risky as well, building something very new and expect it to be successful is very risky, for example there are many crypto projects with great team that brings new ideas to crypto space and they still failed, if what they are building is launched at the wrong time it will fail.

The Artificial intelligence projects that are now popular were once built in the past year, I can remember some AI projects from 2019 and it was a very bad timing to release such because it was too early, they failed so much that all money spent went down the drain.

Market Narrative based gambling platform is not a bad idea but I don't think they will be successful, if anyone wants to experiment on this they must have a running online casino that are based on what gamblers are used to and slowly implement this your idea just to see if gamblers will embrace it, this way you will be able to dodge the bullet of failure if it doesn't work.

[joniboini]

even Futuur mate is having predictions from any point of crypto to science and even politics and sports , which means prediction becomes more popular nowadays.

That or they are one of the first to serve the prediction market in a niche market. At the very least, one of the few platforms that offers crypto prediction. Becoming the first on something helps them, although you could argue some businesses are not pioneers but become the most popular ones due to marketing. Nothing is wrong with that though, that's just how the market works in general. Not sure how to make a prediction market more unique in the future though, maybe improving the service quality will be the way to compete in the future. CMIIW.

[Maus0728]

Would be really good but didn't one website that was doing a signature campaign here in the forum already did it? Not sure how they're going to be popular though, @yahoo62278 already said it best, the market for what you're talking about is just too unstable and people are too quick to lose their interest on things so it's not a really safe or good business model. I'd rather stick to the conventional prediction games rather than do this where the odds of success is much lower than that of an established game. It's also difficult to make money consistently on such a platform because with too many factors to consider, you're better off just doing eenie meenie or coin flip to choose which one's the right one to bet on.

[Z_MBFM]

Gambling has become popular day by day, with people risking their money in hopes of winning big. With the rise of technology and the Internet, online gambling has become more accessible than ever before.  However, the casino owner has won the plan and aims to increase his business.  They don't want to share their marketing plan publicly. and also to make software for it not sure if it works or not. other hand they also don't know how many new projects are coming into this market. so it is very difficult to predict which project has gone thing and which project has gone down.

Every business has its secrets and uses those secrets to occupy the top position in the market.  Similarly, there are many secrets in gambling that gambling companies use to occupy a good position in the gambling industry. always the trick is that the more unique plans they can make, the more gamblers they can attract to their site. and those who use the same tactics as before can never do well. everything is updated with time and accordingly new strategies have to be developed to maintain a good position in the market

[LUCKMCFLY]

Every business has its secrets and uses those secrets to occupy the top position in the market.  Similarly, there are many secrets in gambling that gambling companies use to occupy a good position in the gambling industry. always the trick is that the more unique plans they can make, the more gamblers they can attract to their site. and those who use the same tactics as before can never do well. everything is updated with time and accordingly new strategies have to be developed to maintain a good position in the market

You are right, always in each market, in each way of generating income in the industry has its secrets and that is something that always happens, for everyone there are always strategies and ways to reach goals quickly, some, those who have less money. Sometimes they use a lot to find people through social networks, and it is not bad, but the incentives must be very good so that they can generate that money, of course, these types of strategies are very common' because they basically agree to that the community grows and the spirit never wanes, I have seen that there are strategies that some projects apply that even make pyramids, because things like that are encouraged more although that always falls, pyramids are something that I will never support, and that is something It depends on me never support something like that.

[rodskee]

Gambling has become popular day by day, with people risking their money in hopes of winning big. With the rise of technology and the Internet, online gambling has become more accessible than ever before.

and more addicting mate this is how gambling and internet goes now.

we even harder to see gambling sites and aps that really care about players instead it is their interest
that is only what they care about.

 However, the casino owner has won the plan and aims to increase his business.  They don't want to share their marketing plan publicly. and also to make software for it not sure if it works or not. other hand they also don't know how many new projects are coming into this market. so it is very difficult to predict which project has gone thing and which project has gone down.

who is in their right mind that will share their business plan in public?

this is a business that they must conquer and that is what they must care about.

[joniboini]

we even harder to see gambling sites and aps that really care about players instead it is their interest
that is only what they care about.
-snip-
who is in their right mind that will share their business plan in public?

What's your standard to call a business "care about players"? I don't think any business really thinks about what their customers want, although a long-lasting business thinks about them at some point. You can't last long enough if your product has no buyer in the end. How you treat your customer can also bite you in the ass, especially if you're just starting a business in a niche market like the crypto prediction market.

IMO, sharing your marketing plan is not necessarily wrong depending on what part of the plan you're discussing with the public. Stuff like looking for a signature campaign manager on this forum, buying an ad slot, telling people you will run a prediction game and so on is not a huge problem. It can also serve as a form of marketing, especially if your target is members of this forum. I mean, some people named Futur or something before, so their marketing definitely works.

[Dunamisx]

Gambling has become popular day by day, with people risking their money in hopes of winning big. With the rise of technology and the Internet, online gambling has become more accessible than ever before.  However, the casino owner has won the plan and aims to increase his business.  They don't want to share their marketing plan publicly. and also to make software for it not sure if it works or not. other hand they also don't know how many new projects are coming into this market. so it is very difficult to predict which project has gone thing and which project has gone down.

Every business has its secrets and uses those secrets to occupy the top position in the market.  Similarly, there are many secrets in gambling that gambling companies use to occupy a good position in the gambling industry. always the trick is that the more unique plans they can make, the more gamblers they can attract to their site. and those who use the same tactics as before can never do well. everything is updated with time and accordingly new strategies have to be developed to maintain a good position in the market

In every business we are doing, we should ensure that we have our own key performance secrete that has been the brain that continue to drive it forward, this may not be clear or visible to others because its something that has to be personal to us, we have taken time to make such discovery for our business and others may have to give their own attempts as well in making discovery for what works for them too.