Do you think owning A gambling site is more profitable?

[joeperry]

There's always a risk, since it's business but let's say you've successfully hit the market and you've opened your own gambling site. You would definitely earn, why? Because gambling sites were built for the owner to win and not the other way around, the only problem is that you should have enough bankroll and investors to make your gambling site work, as there will be whales that sometimes will win, or someone who'll win jackpot. Aside from that, you need to pay fees for license, marketing and maintenance, etc. so it's profitable if you have experience or you have a good team and of course if you have a lot of resources though I've seen some small gambling sties who've successfully launch and still up to this date.

[Dave1]

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

It's obvious that owning something, not just a gambling site is going to be profitable in the long term, because it's business. And you are not going to enter into this kind of operations if you know that you are not going to make a lot of money.

And looking at any gambling sites, I will assume that they are in the net positive with the growing numbers of gamblers around the world. But the question is, do you have that kind of money to put up a business? Because you will need a lot of money to established it and then be running and operational for years.

[eisen33]

There's always a risk, since it's business but let's say you've successfully hit the market and you've opened your own gambling site. You would definitely earn, why? Because gambling sites were built for the owner to win and not the other way around, the only problem is that you should have enough bankroll and investors to make your gambling site work, as there will be whales that sometimes will win, or someone who'll win jackpot. Aside from that, you need to pay fees for license, marketing and maintenance, etc. so it's profitable if you have experience or you have a good team and of course if you have a lot of resources though I've seen some small gambling sties who've successfully launch and still up to this date.

Besides that, you need a team, support staff, administrators, and other people to keep the casino running. You're right it's a business, and so you can be successful, but you can also suffer losses if you have poor customer traffic or, as you said, if players win the jackpot. But I think the casino algorithms factor this in, so it will have less of an impact on the casino. We see so many new casinos popping up on the forum, which could mean it's a profitable business. If it were risky or unprofitable, there would be far fewer of them.

[maydna]

Owning a gambling site gives profitable to you if you know how to run the business. It is not just launch your gambling site without proper knowledge so you must know how promoting your business.

Related to many casinos launching here, you don't have to try one by one but stick to your favorite one. That is the way you can avoid the scamming site and you can feels safety playing gambling on the site you use the most.

But if you just want to playing gambling without thinking about the profit, you can use random casino site and have fun. But people will curious with the new casino site and they want to test the site.

If they are not careful, they will be the next targets. They will regret and complain how that can happens to them.

[Africolo]

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?

The launching of multiple casinos should tell you that it's profitable and that is why many business Men who has the capital to set it up are venturing into it and you see good numbers of casinos been advertised too , casinos owners don't scam anyone of their money it's just that the gamblers who bet are unlucky to win . This casinos are optional and one chooses to stick to the one that works for you or the ones that has good odds and potential bonuses.

For a wider audience and publicity after launching the casino is being advertise and that's how they make the public know of that particular casino and they get customers, most times I have noticed that this gambling sites are build for the Ownes to benefit more than the gamblrs because the odds favors the owners than the gamblers, even though they employ people that would handle the business for them they still make very good money from it, so owning a gambling site is very profitable and a good business to set up if you have the funds to do so.

[rdluffy]

You know, when I started visiting this board and placing some bets a few years ago, I had the idea and desire to open a betting site

It didn't last long because after I went back to see what I needed, I realized it wasn't feasible, hehehe
It's not that easy; it requires a lot of capital, knowledge, and a willingness to take risks
In addition to probably having to travel to get the license or rely on a lawyer from another country to help you with the process

I'll see if I can find my old posts talking about this

[MainIbem]

You have to understand that the house edge supercedes and I believe that's why the gambling industry is thriving lately, rich people that are capable of running the business understands that and are flooding into the industry that's why there are lots of new gambling platforms recently but then a good reputation matters to be a successful business person in the gambling sector. Anyways my answer to your question is yes, gambling business can be very profitable.

[Die_empty]

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

My take is that it is less expensive to establish an online casino. Gaining lincense and setting it up might be less complicated when compared with physical ones. This might be why there is an increase in the establishment of new online casinos. I wouldn't say that it is profitable or not since I have not engaged in it. But just like every other business, it will certainly bring good returns when it is well managed.

It is important to note that starting an online business is not cheap. So establishing a casino is not an option for most gamblers.

Scammers are also taking advantage of the simplicity of online casinos to scam people. They keep coming up with new casinos by regrading and stealing from users. However, there are still new platforms that are out for business.

[Rockson1]

You have to understand that the house edge supercedes and I believe that's why the gambling industry is thriving lately, rich people that are capable of running the business understands that and are flooding into the industry that's why there are lots of new gambling platforms recently but then a good reputation matters to be a successful business person in the gambling sector. Anyways my answer to your question is yes, gambling business can be very profitable.

We should look at somethings which is, if having a gambling platform is not profitable I do not think that we will be seeing gambling platforms everywhere as they are right now, so that is an indication that the business is profitable to the owners, just as you noted that house edge is always there, the business is flourishing and has also become a competitive one as that, many gambling sites are coming up with many strategies market their services, the reputation you mentiond is also one of the major thing that makes the business successful, most of this forum members that understands what to look out for in casinos, watch casinos closely to know if they will exhibit some suspicious characters, in the aspect of profit, i support the answer you gave.

[danherbias07]

First of all, there's a low chance of profit as a gambler. Very low. Maybe some of these gambling site developers or owners were also gamblers back then. They know they cannot win against the house, so they try to become the house and win against the gamblers. It's good thinking and could get good profits, but it requires a huge amount of money to create one. Marketing, developers, and employees who will make a team that focuses on increasing the number of gamblers, and more.
It will not be easy to create a legitimate gambling site, which is why some would just use this as a way to scam people. Rinse and repeat. Well, until they are caught.

Well, gamblers are becoming wiser. They will just go to a reputable gambling site that has been around for many years and stick with it. That's the solution to avoid it.

[WhoYouCantKill]

You have to understand that the house edge supercedes and I believe that's why the gambling industry is thriving lately, rich people that are capable of running the business understands that and are flooding into the industry that's why there are lots of new gambling platforms recently but then a good reputation matters to be a successful business person in the gambling sector. Anyways my answer to your question is yes, gambling business can be very profitable.

I like the part you mentioned about reputation. The business itself is profitable, but not to everyone, at first when you open a new casino, sometimes or should I say most of the times, gambler may feel skeptical about using the new casino, thus the essence of running ads and promotions, and when people start using the casino eventually, it’s important to maintain a good reputation and keep to your own end of the bargain, especially in the aspect of deposits and withdrawals, else the same way they came, that’s how they’ll all leave the casino to the one they’re familiar with.

[HelliumZ]

If gambling and casino sites were not profitable, they would never have casinos and gambling sites.
If we lose or win after participating in gambling, the casino authorities do not suffer any losses, but rather the losses incurred by gamblers like you and me. If I win and some gambler loses, then the amount of money lost due to his loss is given to me in case of my win or if I lose, then if any other gambler wins, the money of my loss is balanced. In this way, the balance between the win and the loss is achieved, in this case the casino authorities do not suffer any loss.

[MainIbem]

...

I like the part you mentioned about reputation. The business itself is profitable, but not to everyone, at first when you open a new casino, sometimes or should I say most of the times, gambler may feel skeptical about using the new casino, thus the essence of running ads and promotions, and when people start using the casino eventually, it’s important to maintain a good reputation and keep to your own end of the bargain, especially in the aspect of deposits and withdrawals, else the same way they came, that’s how they’ll all leave the casino to the one they’re familiar with.

I mentioned that because some Casino's lately seems too good to be true, they come of with promos and different strategies to lure customers but at the end turn out to be scam casino's, scammers in the guise of business men, decieving customers and flewing with their money is never a good way to run a Casino business, such platform would only benefit for short-term and lack trust even though they come back to clear their bad reputation. Anyways gamblers should be careful with new Casino"s cause scammers are currently disguising as business men in the gambling sector.

[rdluffy]

Hehehe, I found my ol thread, from 2019

Guys, which is the best country, friendly to gambling, that is the best choice?
I live in a country where there's no regulation of online gambling with cryptos, but it's not good to risk

So anyone here have some knowledge about this? Is it hard to start a business without have to go to this country?

It's not a regular casino website as we have nowadays...

As you can see, I had an idea for a different casino, but I had to give it up, hehehe

[tvplus006]

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?..

Any business that doesn't make a profit eventually closes. As for gambling, the appearance of new websites indicates that this business is highly profitable, as it initially has a house edge. But you should be careful, as there will always be those who build their business on fraud. Therefore, you should use sites that have already been tested by time and have earned a positive reputation.

[ASloveapg]

If gambling and casino sites were not profitable, they would never have casinos and gambling sites.
If we lose or win after participating in gambling, the casino authorities do not suffer any losses, but rather the losses incurred by gamblers like you and me. If I win and some gambler loses, then the amount of money lost due to his loss is given to me in case of my win or if I lose, then if any other gambler wins, the money of my loss is balanced. In this way, the balance between the win and the loss is achieved, in this case the casino authorities do not suffer any loss.

Companies ensure their profits first, here the losses are mostly only for the players. 10 players will face losses and 1 player will win, in this way most of the time most of the players lose and a few gamblers win, as a result of which the profit of the casino house is always ensured. The company will never lose and give the players the win, because they are doing business here, their profits are ensured first, because everything here runs according to their algorithm, so there is no possibility of their losses here.

[Dr.Bitcoin_Strange]

I was beginning to think that this topic have been debated on before but I could not find anyone more similar to it except this one, Casino owner or game owner?,  gambling business is profitable but the challenge you will encounter is at the beginning, you really need to be prepared for it with the right team and a sufficient capital to handle all the first stage challenges. The success of a casino company depends on how professional website is, how you handle complaints and your number of customers, the higher the players, the higher the profit you make. It's not an easy task. 

You don't have to compare owning a casino and being an ordinary gambler the one that is more profitable, both are not even on same level, this is like saying between a cookie company and the cookie buyers, which is more profitable. That's how I see it though.

[Zanab247]

If you know the numbers of gamblers that loss a day to gambling and number of winners a day in gambling you will agree with me that gambling owner make more money than gamblers, because you will see the numbers of losers but few winners. To open the gambling center is the challenge  to many people, because there are some countries it will cost you plenty money before you can open online gambling, because the government officials will be monitoring the kind of transaction that will be coming in and out so that scammers will not be taking advantage of the casino.

I will not lie to you, owning a gambling site is profitable when you are educated, because there are some rules and regulations you will set up concerning in your website you will be making money than the gamblers using your casino to gamble.

[Antotena]

Besides that, you need a team, support staff, administrators, and other people to keep the casino running. You're right it's a business, and so you can be successful, but you can also suffer losses if you have poor customer traffic or, as you said, if players win the jackpot. But I think the casino algorithms factor this in, so it will have less of an impact on the casino. We see so many new casinos popping up on the forum, which could mean it's a profitable business. If it were risky or unprofitable, there would be far fewer of them.

What I know about casino is that you hardly see it as a one man business, it's always a big job that requires expert and this expert need funding to develop a working casino. So if a casino is becoming live, know that people with common goals has to bring money together to form a company and a team to build the business and they form a working class people to work for them where each of them work for them for the business to do well and brings money.

There are weeks the casino can make 3x or even more of their investment in a week and there are days the casino can lose more than that amount. The important thing for the casino is to make sure that gamblers don't stop. The more people continue to play, the more the casino continue to generate money. There are people that will never make money from casino no matter how they try, these are the people casino makes money from to balance their income.

[terrific]

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

In theory, it's profitable to own a gambling website.
But walk through the process of the owners that it's not straight path that they've walked before hitting success.
They've probably spent a lot of their own money as capital and even looked for some angel investors for the other expenses.
I'd rather have no headache and be a casual gambler. The thought and dream of owning a business like this in the industry is there.
Although I just can't think of how it goes in the beginning and it's not easy in the long run.