Do you think owning A gambling site is more profitable?

[DPHOR]

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?

Of recently I have seen the much influx of gambling site and you can't really tell which is Good or not, what we do see is that after launching their sites they look for a way to run sig campaign in other to attract people to their gambling site, and some could be just a month or two months after run that and they have gain exposure, and users trust you would see them ending the sig.

After that you would see them becoming less active on their ANN thread most of them hardly reply while some still find little space to still attend to people but some doesn't. Is gambling site the new way of scam people since many people have became that clever towards to token launching and most do not make it true that and they find it that easier to scam people through gambling.

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

[_act_]

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

Are you serious with this question or you just want to create a topic?

Gambling platforms are growing, gamblers are losing. That is an enough reason to be able to answer the question yourself. Or the gambling sites are not folding up, but paying their workers and maintaining their sites and they grow richer is another reason to easily know the answer to this question.

[Wiwo]

Almost 90%+ members here on bitcointalk have no idea what running a casino is all about, so whatever answers you are going to get on this topic will just be based on individual assumptions with no real life experience and facts.

Since experience is the best teacher, only those that have experience is the gambling business can tell wether the business is profitable or not.

But for me my answer is yes, gambling business is very lucrative and hiw I know is the amount of capital required to run that business shows how much finances will be involved.

[SmartGold01]

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.
But however, owning physical is also very expensive because that would requires you to rent a space or having own building which would also make you to buy a land where you could start development, after that you need to also pay out for some regulatory bill where you would be allowed to operate over there. In summary, Both are very expensive to handle.

[_act_]

Since experience is the best teacher, only those that have experience is the gambling business can tell wether the business is profitable or not.

You answered the question correctly, but this part that I quote means that you are doubting. It is not a doubt, gambling platforms are making money.

Gambling business is lucrative but there is nothing that can make it successful without advertising it. If you advertise a gambling site very well, have some traffic. That is all that you need, but continue to advertise.

[mcdouglasx]

A casino can be very profitable because it always has a mathematical advantage over us gamblers, but that same advantage leads many to use it as a front for scams.

And yes, you're right that the technique is to seek initial exposure, but not only with signature campaigns. They operate for a while with "transparency" and then disappear.

But that doesn't mean they're all scams; only time will reveal their true reputation through community feedback.

So yes, it is profitable, but it requires a huge investment.

[Rruchi man]

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

It is cost-intensive to set up a gambling platform and have it running smoothly; some casinos fail because their owners are unable to handle the challenges that come with managing the business, because it is a business and, like every business, has its own peculiar challenge. Not all casinos fold up because they were opened with the intent to scam people.

Owners of gambling platforms are rich; they profit from people's losses, and we know that more people lose in gambling than win.

[Davidvictorson]

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

Yes.
It is more profitable.

This is like saying does owning Uber as a business more profitable than being an Uber driving. There is no comparison whatsoever.

A gambler's loss is the casino's operator gain. It is a game of numbers. More gamblers gambling more profit.

The odds is always in the casino operator's favor. Always.

[qwertyup23]

There’s a reason on why there are hundreds of gambling websites being created every year and this is the reason why: it is VERY profitable.

Unfortunately, however, there are instances where fake gambling websites are being created and advertised across the country. In this case, the rates are totally rigged to the point that it is heavily favored on the website and against the user.

If you truly want to explore the idea of creating a gambling website, then you must have tons of capital to spare in this venture. Additionally, you must also separate yourself from the thousands of gambling website in the market in order to stand-out.

[Agbamoni]

Satisitcs shows high number of people in the last 4 years who started gambling, and it is expected to increase x3 in the next 2 years. The available casinos are not enough for the gamblers. The more new casinos are introdueced the more people get addicted to gambling with different casinos.

Owning a casino site is very profitable. Government can attest to that. The amount of revenue they get from gambling is very high, imagine the casino owners.

[xLays]

Maybe this just needs common sense to answer. Do you really think so many online casinos would exist if they were not profitable? There might be few cases where casino some lose money, but those are probably only small number compared to the thousands that are profitable.
I have not even heard of an online casino that actually went bankrupt because it was losing money or not profitable. I have heard of casinos that scammed people, yes, but not ones that simply failed because they were not profitable.
I think a casino would only lose money if there was an inside job trying to ruin it, like an employee exploiting the system, or because of serious mismanagement.

[Potato Chips]

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?

Of recently I have seen the much influx of gambling site and you can't really tell which is Good or not, what we do see is that after launching their sites they look for a way to run sig campaign in other to attract people to their gambling site, and some could be just a month or two months after run that and they have gain exposure, and users trust you would see them ending the sig.

After that you would see them becoming less active on their ANN thread most of them hardly reply while some still find little space to still attend to people but some doesn't. Is gambling site the new way of scam people since many people have became that clever towards to token launching and most do not make it true that and they find it that easier to scam people through gambling.

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

Assuming I understood you, of course it is profitable if done right, but I wouldn't be comparing legit owners from scammers lol. I mean, scammers will scam, what can we expect from them. They will take the easy path.

In every line of businesses, there is always a portion that are scummy or shady, and this is nothing new. If you see a scam casino, that is not a new way to scam people as there have been many others in the past.

Considering the body of the post, the closing statement seems out of place to me. 🤔

[jossiel]

I think anyone who understands how the gambling industry goes understand that it takes a lot of balls to start a casino.

Starting is easy but once you're already there and the setup is live, you'll realize that there's so much to maintain from doing it.

And if you have pure intentions of doing the business, it will take time, will consume a lot of your capital as well.

But those who have the intention to scam people, they're going to be noticed just like what's the recent story that we've seen from running their promotions.

[Hispo]

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?

Of recently I have seen the much influx of gambling site and you can't really tell which is Good or not, what we do see is that after launching their sites they look for a way to run sig campaign in other to attract people to their gambling site, and some could be just a month or two months after run that and they have gain exposure, and users trust you would see them ending the sig.

After that you would see them becoming less active on their ANN thread most of them hardly reply while some still find little space to still attend to people but some doesn't. Is gambling site the new way of scam people since many people have became that clever towards to token launching and most do not make it true that and they find it that easier to scam people through gambling.

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

It it obvious that owning a casino is more profitable than being a gambler, otherwise gambling would not be an multi billion industry as it is today and people would gamble instead of working or starting their own businesses.

Also, what you are describing is very situational. There are both good and bad casino out there in the market, bad casinos and shady casinos will always take the "easy" way and do devious things in order to get money faster from gamblers, while reliable and good casinos will do the right thing and allow money to flow naturally (thanks to the edge of the house).

Most people in this forum would quit gambling if they were given the chance to own a good online casino. That pretty much tells a lot on how profitable it can be when compared to just gambling and hoping for the best. dont you think?

[Ivystar5]

Firstly I will like to correct you by saying that it's not just signature campaigns that gives casinos exposure, they do other ads too to get exposure you don't make things look like they use our exposure for the wrong reasons even though that it could be yet it's more like generalised statement, furthermore, of course owing a casino can't be compared to gambling itself, it's like a tenant asking if he would profit from the landlord or the landlord will profit from his rent. gamblers are always in loss. but however, casinos coming up this days may not be because it's much profitable than another thing but because it's more like the trending thing right now and after this it could go down.

[gunhell16]

You will undoubtedly gain the most if you are the proprietor of a casino with a sizable player base on your online platform. Only a small percentage of gamblers ever win at any casino,
and most actually lose, especially if the establishment has an excellent marketing plan.

But even if you operate a casino, it won't survive long in the market if not enough people are coming in to deposit money. This is particularly true in the cryptocurrency area, where a large number of trustworthy casinos have long been created.

[Kelvinid]

With the high demand of online gambling nowadays, that would be enough reason to tell that owning a gambling site will make you highly profitable in the long run.

Gamblers just want quick profits, so if they find it hard to profit from their old casino, they can easily shift their interest into newly created casinos so if you are one of those owners, having this kind of business is always the best decision.

But of course, it comes with great package, with sufficient amount of knowledge and with great capital, the business will definitely surge high.

[EluguHcman]

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?

All of the above.
You can not grow a dependent based on gambling as a gambler but can of course grow an investment there if you can own a gambling site or own a share in the institution.

Owning a gambling provision company can be profitable to owners because gamblers as we are experienced players does not win at most of their bets instead they (we) looses more than we wins.
But starting up a gambling site would demand a huge sum of money to start with because you must be endeavored to pay players who won, pay your tax and the rest.
That is your site legit with reputations.

Gambling can not say to be an easier way for scam because it is not a scam intended inventory rather, since it is an activity also being accessed online, online scammers then find it way to do their evils to victimize beginners or greedy players that prioritizes interest to play in a platform by considering free bonuses and the rest common interests that could be misleading.

[aioc]

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

To succeed, you must have a business mindset primarily and a gambler mindset secondarily. The casino industry is tough, as it is a highly competitive niche.
Profit is good if you understand what the market needs and you have the means and resources to reach your roadmap, its not something you set up because of the promised profit, but because you have a business passion and you understand the gambling industry.

[leonair]

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?

Of recently I have seen the much influx of gambling site and you can't really tell which is Good or not, what we do see is that after launching their sites they look for a way to run sig campaign in other to attract people to their gambling site, and some could be just a month or two months after run that and they have gain exposure, and users trust you would see them ending the sig.

After that you would see them becoming less active on their ANN thread most of them hardly reply while some still find little space to still attend to people but some doesn't. Is gambling site the new way of scam people since many people have became that clever towards to token launching and most do not make it true that and they find it that easier to scam people through gambling.

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

Where the risk is high, the profit is also high. It is not as easy to start a casino site as it is to go to a platform and gamble. To own a casino site. You need to have a very big budget because there is a lot to set up and a huge budget for marketing to bring gamblers to your platform. If you can successfully create a casino platform, then of course you can generate a lot of revenue there. But to get there, you have to take a lot of risk. And running a company is not easy, so it is not possible for everyone. That is why it is not usually seen as a casino site owner, but everyone can easily access any platform and gamble.