Advise Someone about Gambling Platform Business

[Dunamisx]

Its been a couple of days now that this thread was created and lots of vital contributions have been suggested by so many users and i appreciate for that, it is clear to us that in making a business, we have to follow up with some required steps as well as decisions in order to have a desired end point in what we do.

Going by this, this thread will also help investors and individuals as many as possible who will be interested in starting an investment in gambling business by creating a platform/website for that, there are things to be in place in other for us to realize a goal, such are from the examples and suggestions given by members on what to do or consider about gambling platform business, in case we are starting or someone is employing us to manage one for them, at least we should be able to have a good start up by going further through what had been suggested here, in other to have good maintenance and continuity of a gambling business.

[Fivestar4everMVP]

Its been a couple of days now that this thread was created and lots of vital contributions have been suggested by so many users and i appreciate for that, it is clear to us that in making a business, we have to follow up with some required steps as well as decisions in order to have a desired end point in what we do.

Going by this, this thread will also help investors and individuals as many as possible who will be interested in starting an investment in gambling business by creating a platform/website for that, there are things to be in place in other for us to realize a goal, such are from the examples and suggestions given by members on what to do or consider about gambling platform business, in case we are starting or someone is employing us to manage one for them, at least we should be able to have a good start up by going further through what had been suggested here, in other to have good maintenance and continuity of a gambling business.

Well, no one should really dable into stuffs they do not have a clear understanding of who it works, or how such a thing is runned/managed.
Anybody who is interested in building a gambling casinos as a business or seeks to be employed to manage a gambling casino must first take the time and resources to study, learn how this things work and how it's done, such one must not depend on what people say or suggests in discussions on public forums like this, because I can bet that no one here ever have had the experience of managing a successful gambling casino before or currently.
One thing I can say is that, there is much more to handling stuffs like this, than anyone without experience can imagine.

[Coin_trader]

Going by this, this thread will also help investors and individuals as many as possible who will be interested in starting an investment in gambling business by creating a platform/website for that, there are things to be in place in other for us to realize a goal, such are from the examples and suggestions given by members on what to do or consider about gambling platform business, in case we are starting or someone is employing us to manage one for them, at least we should be able to have a good start up by going further through what had been suggested here, in other to have good maintenance and continuity of a gambling business.

This will really help but I doubt that someone interested establishing his own casino will not hire an expert on casino operations instead of DIY since he will spend huge money on this business before he starts. Not to mention that the marketing is so expensive and crucial to the success of the casino.

I think it’s better if you will summarize all the valuable contributions made on this thread to the OP so that a potential casino owner that plans to DIY will be easily catch up on tips given here.

[crwth]

Regarding businesses, having the capital to pay skilled developers, what casinos need, and the licenses are always essential. It's vital that it's legal and can be done legally.

Security and support are the best things when playing in a gambling casino.

[Dunamisx]

Going by this, this thread will also help investors and individuals as many as possible who will be interested in starting an investment in gambling business by creating a platform/website for that, there are things to be in place in other for us to realize a goal, such are from the examples and suggestions given by members on what to do or consider about gambling platform business, in case we are starting or someone is employing us to manage one for them, at least we should be able to have a good start up by going further through what had been suggested here, in other to have good maintenance and continuity of a gambling business.

This will really help but I doubt that someone interested establishing his own casino will not hire an expert on casino operations instead of DIY since he will spend huge money on this business before he starts. Not to mention that the marketing is so expensive and crucial to the success of the casino.

I think it’s better if you will summarize all the valuable contributions made on this thread to the OP so that a potential casino owner that plans to DIY will be easily catch up on tips given here.

Thank you for this awesome contribution and observation, first of all, regarding the discussion on either hiring for a manager or not, it all depends on who is involved in this business and the kind of orientation or mentality to say about having a casino business, some will see it as more efficient enough for them to employ someone in managing their business while some are best available to manage it up by themself.

secondly on the aspect of the advise you gave by taking into consideration all other vital contribution into OP first page for easy accessibility, i think its a good idea and am going to work on that, select some vital ones, quote them and include on the first page. thank you.

[Mr. Magkaisa]

ADVICE SOMEONE READY TO ESTABLISH A GAMBLING PLATFORM BUSINESS

The intention for creating this thread is to hear about our general opinion, suggestions or best advise we could give to someone who is ready to establish a gambling platform as a business, if we are in the same position, what will be our response toward these few questions.

1. What are the first things to put in place before starting?
2. What are the strength and weakness to consider with gambling platform?
3. Can you hire a person to be in charge, for the business management of the gambling platform?
4. Is it a profitable business base on your own experience or from what you have seen others achieved from establishing one?

          -        I cannot give a proper opinion on such a question made by OP because I have no experience in setting up a casino or gambling business, be it online or physical gambling. I simply exist as a gambler within a casino, particularly in the cryptocurrency realm.

And if there is anyone who will benefit from that, it is no one else but the owners of the casinos, and for sure those are rich people, because in building a gambling business you cannot have a lot of money there.

[ethereumhunter]

That is why we need to research before we create or manage any business. We can take time as we can to learns about the business so we can know the right direction that we want to achieve. We can also make a plan for the business and try to achieves that step by step and reach the ultimate goals that we want and we can also try to grows the business into the next levels. We can hire some people to help us to manage the business but we must select the right people that can work with right and follow our instruction. Even if we are the owner, we must also gives our hand to work with them because that can make a good relation with them so they will knows that their boss follow and work with them. We can learn many things to run our business and do for our business and with our team, we can start develop our business and achieves our goals.

[taufik123]

first of all, regarding the discussion on either hiring for a manager or not, it all depends on who is involved in this business and the kind of orientation or mentality to say about having a casino business, some will see it as more efficient enough for them to employ someone in managing their business while some are best available to manage it up by themself.
-snip-

Yes, it will be two different options and everyone has their own goals.
Hiring someone who is already an expert in their field may be quite efficient and there is no need to do trial and error again, and they will give us what we want.

But if as a casino owner already has this ability and is able to overcome all the management done at the Online casino, this will be enough to save on expenses, so that no one else is needed to do the management of the gambling site.

But, if as an owner or even me if I own an online casino business I will choose everyone who is experienced in the field, so I just need to focus on developing and cooperating with other clients without thinking about what is done to the management and the system that runs in the casino, it is like a perfect money machine.

[vs2014]

First of all you should have capital and it should be according to your ability. Next you need to build your community team like hiring a staff that can protect your new business from hackers. Hacker attack is a big problem and it can destroy your business completely. On the other hand the launch of new gambling sites should tell you that there is considerable profit in that line of business. So do a personality test on the new recruit and see how much he cares about your business.

[Rabata]

ADVICE SOMEONE READY TO ESTABLISH A GAMBLING PLATFORM BUSINESS

The intention for creating this thread is to hear about our general opinion, suggestions or best advise we could give to someone who is ready to establish a gambling platform as a business, if we are in the same position, what will be our response toward these few questions.

1. What are the first things to put in place before starting?

It is not possible for a ordinary man to create a new gambling platform. He must acquire proper knowledge about a new platform before building it. Opening a new gambling platform will not be difficult for those who already have experience in this regard. The first thing that comes to mind at the beginning of work is capital. To start a business an entrepreneur must first raise capital. After that the process of doing his other work will start. The entrepreneur must obtain the approval of the relevant organization for the platform. Once approved, a person who has managed a gambling platform must be appointed and given the responsibility of management. Owner has to advertise his platform in various relevant media. It is very important to do these things carefully for starting a casino gambling platform business.

[OgNasty]

My advice to someone wanting to start a gambling platform is not to do it. There are so many risks involved that involve such a massive amount of money to be set aside to cover that the idea of founding an online casino at this point is a pipe dream. Maybe if you were already a multimillionaire and could program everything yourself from scratch as well as having a long working history in cyber defense, but other than that, just wear a signature and earn risk free sats like everyone else.

[DubemIfedigbo001]

I would give him a few advises like thus

• He should go for at least 6 months apprenticeship and work under someone with the sole purpose of learning the business properly
• He should never gamble in his casino environment if it is a physical one and should regulate his gambling excesses even in online gsmbling, so he can properly manage his funds
• He shouldn't own it alone all to himself, he should find partners and sell shares. These would help him remain very professional and not useless funds when it starts coming in and also help him have other people's opinion at the point of crucial decision making
• He should take accounting seriously with his cashiers  or accountants when in operation and it should be daily
• There should be strict laws forbidding his employers, even himself from gambling on the platform

[Rockstarguy]

Yes money is the main thing to start up a casino business, no matter the amount of money that a casino company may have but if they lack good customers service and not reliable when it comes to payment of customers win, I think this factor can slowly kill the casino because no gambler would want to stake his or her money with a casino with poor customer service and which can't be trusted. 

Money is very important to keep a casino company going for advertisements and promotion but good service will even promote the casino company more and to bring more customers. So I think the main thing for the success of casino's business is money and good service which gamblers can trust.

[LDL]

ADVICE SOMEONE READY TO ESTABLISH A GAMBLING PLATFORM BUSINESS

The intention for creating this thread is to hear about our general opinion, suggestions or best advise we could give to someone who is ready to establish a gambling platform as a business, if we are in the same position, what will be our response toward these few questions.

1. What are the first things to put in place before starting?
2. What are the strength and weakness to consider with gambling platform?
3. Can you hire a person to be in charge, for the business management of the gambling platform?
4. Is it a profitable business base on your own experience or from what you have seen others achieved from establishing one?

It goes without saying that if one can promote the gambling or casino site well then this business will be very profitable.
As people are constantly attracted to gambling, gambling will become one of the main centers of people's pastime and entertainment in the future world.
So it is definitely better to start this profitable business, but if you do not promote it properly, it is not possible to establish gambling and casino sites easily.

[Jody.Drummer]

First of all you should have capital and it should be according to your ability. Next you need to build your community team like hiring a staff that can protect your new business from hackers. Hacker attack is a big problem and it can destroy your business completely. On the other hand the launch of new gambling sites should tell you that there is considerable profit in that line of business. So do a personality test on the new recruit and see how much he cares about your business.

which in essence all leads to money of course, because to employ those who build their casinos in terms of security and others must certainly be paid and although online casinos look simple but of course they do not work alone but work based on a team because it is impossible to build a casino alone whether it is an online or physical casino. another thing to consider when building a casino is of course security because as you said it is possible that the system could be hacked which is certainly not one of the plans. but for land-based casinos I think almost no one can do it so system hacking only happens in online casinos. besides that in employing other people must also be considered not to trust too much because it is possible that they have other plans such as hacking it themselves. to build a casino in my opinion there are many things that are very important to consider apart from the funding.

[LUCKMCFLY]

1: Capital to start of the busines because a casino need money to pay the first set of winnings that the casino is going to get because you can get hacked and the hackers get access to the code and manipulate it to favour their bets. New casinos are the targets of hackers looking for loophole and they find it most of the time hence you need to have enough capital to sponsor the casino before it starts generating money to do that by itself.

In the practical I think that the most important of all is this, the Capital , because Without capital we can not do anything, or we can not do much, because it is not just about making the casino with all its infrastructure and having only a capital there, it cannot be small, I have seen how some casinos that are relatively good , start with little capital hoping that with the clients they can capitalize and when profits occur for the players they leave the casino in a very bad way and that is when the problems begin, for me a casino when it starts is good when it has a lot of Capital and when they have enough for their marketing.

[shasan]

Its been a couple of days now that this thread was created and lots of vital contributions have been suggested by so many users and i appreciate for that, it is clear to us that in making a business, we have to follow up with some required steps as well as decisions in order to have a desired end point in what we do.

Going by this, this thread will also help investors and individuals as many as possible who will be interested in starting an investment in gambling business by creating a platform/website for that, there are things to be in place in other for us to realize a goal, such are from the examples and suggestions given by members on what to do or consider about gambling platform business, in case we are starting or someone is employing us to manage one for them, at least we should be able to have a good start up by going further through what had been suggested here, in other to have good maintenance and continuity of a gambling business.

Actually, it will be useless when anyone invests money in any project in which the person or the trusted person of that investor have no knowledge even sufficient knowledge the person should not start that business. As the person can't understand the business the result may not make the person happy when it passes through bad timing.

[taufik123]

Actually, it will be useless when anyone invests money in any project in which the person or the trusted person of that investor have no knowledge even sufficient knowledge the person should not start that business. As the person can't understand the business the result may not make the person happy when it passes through bad timing.

If that's what you're worried about, then as an investor you have to be smarter to choose which project will provide profits and the investment you provide is managed by professional people in their field, such as a gambling business that is quite well-developed.

Becoming an investor in the gambling business looks very profitable if the platform has many users and good enough development, as well as a fairly good share of the proceeds and in accordance with the agreed contract.

[Samlucky O]

Actually, it will be useless when anyone invests money in any project in which the person or the trusted person of that investor have no knowledge even sufficient knowledge the person should not start that business. As the person can't understand the business the result may not make the person happy when it passes through bad timing.

If that's what you're worried about, then as an investor you have to be smarter to choose which project will provide profits and the investment you provide is managed by professional people in their field, such as a gambling business that is quite well-developed.

There is a very great profit in gambling business among the whole business. Because gambling nature makes it almost impossible for any one to win a reasonable amount and this makes the gambling business very profitable. Emagine when you start up a gambling business maybe like $10m and people all over the World are playing gamble in your site to win, out of %100 of people that gamble a day it is possible that only 1 out of a hundred will win and each individual has the amount they have lost. Even if a person even manage to win, he end up winning peanut. So gambling is very profitable business that's why you see many signature campaign is all about gambling. The risk involved is that it can be hacked by hackers that why gambling business needs a strong security to be able to manage it for safety purpose.

[adzino]

ADVICE SOMEONE READY TO ESTABLISH A GAMBLING PLATFORM BUSINESS

The intention for creating this thread is to hear about our general opinion, suggestions or best advise we could give to someone who is ready to establish a gambling platform as a business, if we are in the same position, what will be our response toward these few questions.

1. What are the first things to put in place before starting?
2. What are the strength and weakness to consider with gambling platform?
3. Can you hire a person to be in charge, for the business management of the gambling platform?
4. Is it a profitable business base on your own experience or from what you have seen others achieved from establishing one?

1. You need to understand all the legal stuffs first. Don't forget about the licenses and regulations. You don't want to be serving customers where gambling isn't allowed without appropriate licenses. You will end up with huge troubles.

2. The best side of this business is that you will be making profit in the long run no matter what due to house advantage. The worst side, aka weakness is too many competitions. You need to provide something that other have failed to do so.

3. Yes, why not? You can hire someone to help you and look after the books. In fact you must, you wont be able to do it all alone.

4. It can be profitable if you know what you are doing and if you are consistent in everything.