Do you think owning A gambling site is more profitable?

[Anayochukwu]

There haven't been any known case that a casino went bankrupt because they are in debt or loss money at least not that I know of, so that should be an answer to your question that it is a very lucrative business. Gamblers are always ready to patronize any available casino no matter how they operate, owning a gambling site is very profitable hence the reason why we see many gambling site all over though it requires a huge capital to begin than being a mare gambler.

[HyperCodexV]

Owning a gambling site is profitable if you're the direct owner, but as for those that are promoting the site offline I don't think if they will be making much more profit because many people have chosen online gamble more than offline. I barely see people talked about offline gambling this current time as much as they talked about gambling some years passed.

Although not everyone is used to online gambling but if there are people like that I think they are very few, while online gamble has the highest population.

It doesn't matter if it is offline or online, the house always has an edge and wins. If the platform belongs to you, then it is without a doubt that you are basically printing a good amount of money into you account because, like it or not, the mathematics behind the games is completely rigged to favor you. There are smartphones littered everywhere now, so online platforms are definitely taking over but that doesn't mean offline is vanishing into thin air, they still exist because they still give people that physical social vibez for them to sit, argue and connect as football family.

[Etranger]

There haven't been any known case that a casino went bankrupt because they are in debt or loss money at least not that I know of, so that should be an answer to your question that it is a very lucrative business. Gamblers are always ready to patronize any available casino no matter how they operate, owning a gambling site is very profitable hence the reason why we see many gambling site all over though it requires a huge capital to begin than being a mare gambler.

From what some say, a huge amount of capital is needed, while others claim it can be done in 10 minutes and launched without any issues. I think the truth is somewhere in between. But launching a gambling site and successfully managing it so that it turns a profit are two different things. I am sure there were a huge number of sites that failed to launch successfully and never paid off. They simply became wasted money for their owners. So it all comes down to management.

[Yorubek]

There haven't been any known case that a casino went bankrupt because they are in debt or loss money at least not that I know of, so that should be an answer to your question that it is a very lucrative business. Gamblers are always ready to patronize any available casino no matter how they operate, owning a gambling site is very profitable hence the reason why we see many gambling site all over though it requires a huge capital to begin than being a mare gambler.

Casino business is certainly a profitable business, but the important thing here is that if you want to be profitable, you have to survive for a long time and gain a good reputation, as well as obtain a government license and gain the trust of the general public and you need a sufficient amount of money. When you operate a casino by following the rules correctly, you will benefit. The entire system of the casino is designed in such a way that the casino is profitable in the long run and the gamblers can make money in the short run. However, if you can operate a casino for a long time by following the right rules and regulations, it is possible to make money quickly.

[Rhow]

It is unnecessary for you to doubt that owning a gambling site is more profitable than being an ordinary player. Because the basic structure of the casino business is such that the casino owner benefits in the long run. So why should we hesitate about it?

However, this does not mean that every new casino will be successful or that every new site is designed to cheat. Although we have seen many such casino sites that initially attracted users through promotions, but later they did not remain active. But there may not always be a fraudulent intention behind this. Many can fail and disappear due to not getting enough users, excessive costs, or poor management.

[Jubilee58]

Owning a gambling website can be very profitable considering the number of gamblers, and how less they make profit. It is obvious that most of the gamblers don't make good profit from gambling instead they loose more than they gain, which helps in giving them massive profit. But, another thing to also consider is that their are many gambling website, and very big competition among them, and therefore gamblers are looking for a comfortable gambling site to use, and which ever that did not meet their demand would be left behind.
Not all gambling website can be profitable more especially if you are not rendering the required services to gamblers. For instance services like instant payout, good network, easy deposit, and withdrawal, so the kind of quality services you render to gamblers is what what will keep them otherwise gamblers will abscond from your gambling website.

[ArabBTC]

Any business that you see traffic of people venturing into just know that such a business is highly profitable, owning a gambling site is highly profitable, anyone that owns a gambling site will never run out of profit because lots of persons are getting addicted to gambling on daily basis and the ratio of people wining to losing is wide, statistically people lose more than win on a ratio of 65:35 by approximation. The business is not seasonal so you can’t have dull periods especially now that there are lots of events to gamble and predict on and lots of football leagues as well.

[Bright0515]

A question for you, how many gamblers are profitable, what's the percentage of gamblers making profit in the long run? Winning is different from making profit In the long run I believe you are aware of that fact so the main question is how many gamblers can confidently say that they are making more profits than losses in the long run? Statistically you cannot even say that they are up to 10 percent out of 100. The gambling sites are the ones benefitting and I'm not even talking about the ones that run a scam, I'm talking about casinos that are actually legit, they make more profit compared to what gamblers are getting, this isn't even an equal comparison.

[Hispo]

Owning a gambling site is profitable if you're the direct owner, but as for those that are promoting the site offline I don't think if they will be making much more profit because many people have chosen online gamble more than offline. I barely see people talked about offline gambling this current time as much as they talked about gambling some years passed.

Although not everyone is used to online gambling but if there are people like that I think they are very few, while online gamble has the highest population.

As a matter of fact, I know there are some brick-and-mortar casinos here in my city, ans even though they don't advertise themselves as much as online casinos, I am sure they are profitable anyways. Specially when comes to the elderly, that demographic of people who are not as tech-savvy as younger generations and are more accustomed to risking their money in classic casinos.

The advantage online casinos have is how global and immense their target public can be, when compared to the limited people within a city which may or may no be interested in gambling...

[CryptoHeadlineNews]

To own a gambling site is not that easy as it would cost you much than just becoming a gambler. The major thing in having a gambling site to have hire people who would be maintaining the site and handling it for you, you also need employer CS, and the rest and you would be paying huge amount of at the end of the week or months depending on your terms of payment.

It is no doubt that launching and starting up a crypto casino business is not that easy as it seems, as it will definitely cost you enough money to be able to launch it and also advertise it to the right audience. Because one key important factor that matters most in launching a casino is strategic marketing, because marketing is what brings the right people into gambling on your casino, while good customer relationships is what keeps gamblers to still be gambling on your casino. And In process whereby you are able to achieve all, that's when you will start enjoying the benefits of launching a crypto casino. Because it is actually lucrative in a long run process, since gamblers I'll keep losing more than they win each bets.

[NewRevelation]

With the high rate of casino being launched on a regular basis, I want to know if having a gambling site is that profitable or does it mean that is the easier way to scam people who are making use of the gambling site?

What do you think, is owning a gambling site that profitable than becoming  a mare gambler?

We do not even have to think about it too much. It's very clear, gambling sites and cimoanuuare making enough money. The number of gamblers are just too much that they don't stay a day without making some cool cash. So the question if gambling sites are more profitable than gambling itself is a big YES answer, no doubt.

About your first statement, I don't think it's a scam because you weren't forced to gamble or neither were you decieved into doing it. You knew the risk involved and every dam thing, and you chose to gamble, so where is the scam? If you control your gambling habit, it becomes fun, but when you gamble irresponsibly, borrow to bet and all sorts of nonsense behavior, gambling becomes a problem to you and the society.

[masulum]

The advantage online casinos have is how global and immense their target public can be, when compared to the limited people within a city which may or may no be interested in gambling...

if developers seeking from global users, online casino will be worth to be consider, because there’s always have an opportunity to attract users. However, we must also remember that gaining the trust of users worldwide is not easy task. i think currently already more than ten thousands online casinos that accessible to people all over the world. While developing such a platform requires optimism, it also requires significant funding to ensure it is at least accepted by users.

[Fiasem20]

Any business that you see traffic of people venturing into just know that such a business is highly profitable, owning a gambling site is highly profitable, anyone that owns a gambling site will never run out of profit because lots of persons are getting addicted to gambling on daily basis and the ratio of people wining to losing is wide, statistically people lose more than win on a ratio of 65:35 by approximation. The business is not seasonal so you can’t have dull periods especially now that there are lots of events to gamble and predict on and lots of football leagues as well.

The question was absolutely ridiculous.It’s quite obvious that owning a gambling site is more profitable than being a regular gambler.It’s quite known that the gambling site is mathematically built in a way that the casino benefits in the long term and the gamblers only benefit in a short term through luck and not their skill or intelligence.But the reality is owning a casino isn’t cheap,you need to own some thousands of dollars for you to start a casino and gain traction in the industry.Aside starting there are other essential fees to be paid in other to gain traction,just like the license fee because most gamblers wouldn’t want to build their trust in your casino if it’s unlicensed.Then again you need to establish a solid marketing team to market your casino probably through ads and lot more.When all these essential fees are met trust me casino owners are more profitable than regular gamblers.

[BALIK]

There haven't been any known case that a casino went bankrupt because they are in debt or loss money at least not that I know of, so that should be an answer to your question that it is a very lucrative business. Gamblers are always ready to patronize any available casino no matter how they operate, owning a gambling site is very profitable hence the reason why we see many gambling site all over though it requires a huge capital to begin than being a mare gambler.

You don't know any casino bankruptcy cases personally, so it doesn't prove that all casino are in extremely profitable position. Revenue and net profit are never same thing.

Any casino can have a positive house edge. But then there are still many cost such as licensing, payment processing, salary, customer support, game provider fee, marketing, bonuse, fraud & chargeback, compliance etc etc,,,

Ultimately real challenge is converting that mathematical advantage into sustainable net profit.

You will find many reports of financial pressure among many large casino operator. So IMO,  casino business can be more profitable than gambler, yeah. But just being an owner doesn't mean you get money-printing machine.

[Cantsay]

There haven't been any known case that a casino went bankrupt because they are in debt or loss money at least not that I know of, so that should be an answer to your question that it is a very lucrative business. Gamblers are always ready to patronize any available casino no matter how they operate, owning a gambling site is very profitable hence the reason why we see many gambling site all over though it requires a huge capital to begin than being a mare gambler.

There are lots of casinos which have shut down due to bankruptcy. A business could be making loads of money and still go bankrupt within some years' time, and this is not even because customers left, but because of poor management.

If you go through some of the old announcement threads in this forum, you would see that a lot of them shut down mostly because they ran out of money to continue their operation. No matter the business you are running, if you are not stern on your management, especially financial management, in coming years you would start appearing on podcast to teach people how to avoid things that made you fail.