Do you think owning A gambling site is more profitable?

[WhoYouCantKill]

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.

This is in fact the very reason why I am always skeptical about using new casinos, especially if they just launched and are running some pretty cool promotions and giveaways cos I know it’s all some marketing strategy to lure new customers, so the question is what happens after all the hype and promotions? Even if I’ll choose to play in a new casino, it’ll be one that has already been around for some time and gained some good reputations. I know even such casinos could still decide to shut down and scamper off with people’s money, but the chances are slimmer.

[panjul07]

Both options are risky but owning a gambling site is basically having a bigger chance to make profit as long as it is managed professionally.
Owning a gambling site requires you a lot of money to start but it can be profitable in the long run, while being a gambler is simple as we can start as low as we can afford.
I think this is a well known fact and I'm sure most people here knows which one is more profitable but of course we should assume about successful gambling site if we are talking about profit because there might be some gambling sites that are not making profit then they had to close down.

[Kelward]

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.

You are correct most of us here that will respond to this topic are just gamblers we don't own casinos to authoritatively answer the question but from the look of things if you are to make a guess you will say that it is a profitable business. We have money bags who are looking for lucrative businesses to go into and the gambling industry as it is now is making s lot of waves so yes profit making should be a motivating factor for many gambling sites today. But I believe that it is not all of the casinos that are making profit because if they were to face a lot of winnings by gamblers they might go bankrupt while paying them out. This is why the top casinos are making a lot of waves because they can afford to pay many winners at once while the ones that cannot will fold up.

[hyudien]

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

In business, there are always profits and losses, even if it involves gambling, I believe there are gambling sites that failed to run their business and then went bankrupt, because it is still not easy to build a business like this even though it looks simple, and it requires large capital, but if it is successful in running it, it is certainly very profitable even if the taxes they have to pay are high, they still get abundant profits.

[OgNasty]

I would imagine the competition between online casinos is pretty intense. It is difficult for me to picture someone new entering the space and challenging some of the established casinos at this point. That being said, if you were able to create a successful online casino and steered clear of the pitfalls, it would basically be printing money.

[salad daging]

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

You have to think realistically that casino owners are more profitable because they are in business, whereas the casual gambler is just playing with the possibility that they will lose more than they will win, right?

Being a casino owner is not easy, they must have big money to build a casino from scratch to become popular, I don't know exactly how to run a casino business because I've never experienced it, but you can see how this person started a gambling business.

AMA: I Operate an Online Casino

[uneng]

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

Owning a gambling site is much more profitable than being a mere gambler (which is unprofitable on long run). However, there is something potential casino owners have to take into consideration: traffic of users and volume of bets. If the casino doesn't have enough of both, it's a risky investment for casino's owners as well, because on short run the house may lose big sums of money to lucky jackpot players.

The casino must be able to afford losing money on short run, so a big sized bankroll is necessary to afford potential inital losses. Once the casino enters long term, then profit starts entering the house's vault, then it can be considered a profitable business. But like any other entrepreneurship, there are risks involved, and if there aren't many regular players, the risks are even higher for the business.

[Alphakilo]

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

Owning a gambling site is much more profitable than being a mere gambler (which is unprofitable on long run). However, there is something potential casino owners have to take into consideration: traffic of users and volume of bets. If the casino doesn't have enough of both, it's a risky investment for casino's owners as well, because on short run the house may lose big sums of money to lucky jackpot players.

The casino must be able to afford losing money on short run, so a big sized bankroll is necessary to afford potential inital losses. Once the casino enters long term, then profit starts entering the house's vault, then it can be considered a profitable business. But like any other entrepreneurship, there are risks involved, and if there aren't many regular players, the risks are even higher for the business.

A gambling site is obviously a business which wants to make enough money. I do also believe that a gambling site has to have a reasonable number of traffic before they fulfil regulatory Compliance and registration and are granted license to operate at a large scale.
I doubt there's been any gambler who has been more successful than the gambling site they patronize because that would mean they have cracked the mathematical edge that's meant to protect the house against loss.

[Sonia_123]

Gambling sites are profitable if you careful plan it all out, you have to develop whatever strategy you are using and the risk management skills involved to succeed in a competitive industry because if you don't have proper planning for your  investment it will fail.

obeying rules and regulations , its profitability also depends on the return to player rates of individuals games because your customers needs to be satisfied with the results of the bet, that will make them want to play more.

[Franctoshi]

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.

The Op needs to understand this properly and even ask himself this question, those money that the majority of people that gamble loses, which pocket does it enter? This can tell you how much this betting sited makes just in day from various games available in their sites for people to play, and you can't even know huge amount thi platforms makes on daily basis, and the themselves can't even say.

[robelneo]

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

Definitely, if you know how to run a casino, there are risks involved, but you have an edge against gamblers because of the house edge, and the money will continue to flow if you have gamblers continue to play, but before that to happen you have to be competitive and know how to market your casino properly, you only make a profit because of gamblers so your main goal is to have as many gamblers trusting your platform.

[Itz-prisigold]

If you want to legally run an online gambling business, you will need to have a long-term strategy in place and not just looking for quick profit. For an online casino,  your most valuable asset will be your customers trust, always paying users on time and being transparent,  gaining and keeping your customer's trust will be far more profitable than the temporary fake advertising tricks you might use to attract a few customers. Running a gambling site might look very easy now but running it properly truly takes a lot of money, getting the right licenses,  gambling related legal permits, securing and hiring a proper support team.

The problem with some people is that they see it as a shortcut to take advantage of players,  and this is the reason a lot of customers have become very suspicious of new sites. If a scam site opens up,  they will just close and run in a matter of months. If a real site opens, they will be able to operate for many years to come, as for me,  I rather be careful as a player than to trust every new platform that shows up

[BitMaxz]

Both options are risky but owning a gambling site is basically having a bigger chance to make profit as long as it is managed professionally.
Owning a gambling site requires you a lot of money to start but it can be profitable in the long run, while being a gambler is simple as we can start as low as we can afford.
I think this is a well known fact and I'm sure most people here knows which one is more profitable but of course we should assume about successful gambling site if we are talking about profit because there might be some gambling sites that are not making profit then they had to close down.

Running a casino isn't easy, plus having a licensed casino is too expensive; individuals can't easily have their own casino due to this unless they are planning to run a casino with no license, which is hard to promote, I guess, due to trust.

Also take note you will also need to hire a professional IT who can handle those security protections from your site. So owning a casino isn't easy; you will need a huge capital to properly run your own casino.

[Fortify]

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?

There are high start up costs to a casino and they need a sizable "float". They will also need to contend with constant attempts to hack them, social engineering and DDOS attack which if successful can wipe them out overnight. You can see here that the market is very saturated and there are hundreds of casinos competing for customers, so you have to come up with some rather creative marketing techniques and often buy a loyal customer base via offering welcome bonuses, plus keeping them hooked with other bonuses and making sure your VIP high rollers stay happy with features like rakeback. Yes, they can be highly lucrative when they reach a "critical mass" and become self sustaining, but it takes a long time with a lot of money invested to reach that point.

[Johnlomape]

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.

Gamblers are losing money so quick even when their are few gamblers that are making money from gambling, casinos are the ones that are benefiting from this and those that don't know how the business works, they might think casinos are not really making profits. Having a crypto casino is a good business and those that have the money and financial to continue doing marketing, attracting more customers are the ones that are benefiting from the casino business. At least market is important to keep the players coming gradually.

[Findingnemo]

A casino stopping their signature campaign after a few weeks is not a sign of scam, it is because they are not getting the expected results. Maybe they will do that in other ways like spending the allocated funds on something that brings them more results.

A casino is one of the successful/profitable business models, but it is capital intensive, not like you can start a casino with few thousand dollars. It will atleast require a million dollar to operate a small sized casino. So don't jump into any conclusion just because the signature campaign is stopped/ended.

[GiftedMAN]

The Op needs to understand this properly and even ask himself this question, those money that the majority of people that gamble loses, which pocket does it enter? This can tell you how much this betting sited makes just in day from various games available in their sites for people to play, and you can't even know huge amount thi platforms makes on daily basis, and the themselves can't even say.

I don't think it should even be a question because gambling is a business for people that run it so i don't see how it won't be profitable if they manage it well. I believe the OP is aware that lots of new casinos are created yearly and if it's not profitable people won't venture into the business, so owning a gambling business is more profitable than gambling itself.

[ejikeme24]

Yes, owning a gambling site is more profitable but you also need to consider the disadvantage  like your site being hack and other related cases, you know a lot of people thought about opening a gambling site but after considering the disadvantages then they just let go off the plan, for me I would prefer betting alone I never thought about opening a gambling site because I just feel that it is very risky considering the rate of scammers in the media lastly but those that really trust their security can also look into that but as for me I just feel that the security might not be enough because scammers has a lot of tools to use in getting whatever they want.

[Issa56]

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?

I haven’t operated a gambling site before, and am not close to anyone that had don that before, but with the look of things I will say having a gambling site is really going to be profitable. With the rate at which people are gambling, and the rate at which people are losing, then I will say having a gambling site makes sense, and you going to be earning more.

We have different reputable gambling sites which are not scamming people, so if they are not making money, then they not going to be functional any longer. I know there are some scam gambling sites, but we having lots of reputable gambling site also.

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

If you have the financial capacity to establish a gambling site, then it’s better you do that instead of being a mare gambler, you going to earn more if you can set up a gambling site.

[Akbarkoe]

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

Owning a gambling site or casino means that you are a businessman but if you bet in a casino, it means that you are gambler, you must p understand how to manage a business so that you can benefit from the services provided to gamblers, owning a casino does not guarantee that it will be more profitable because it depends on your ability to manage the casino. but if you compare it with the gamblers or casino consumers themselves, it is clear that owning a gambling site is more profitable, especially now that the development of crypto casinos and ordinary online casinos is increasingly widespread, But when compared to the gamblers or casino consumers themselves it is clear that owning a gambling site is more profitable especially now that the development of crypto casinos and ordinary online casinos is getting wider, if you can't take advantage of the large number of consumer growth today as a gambling site owner, then there is something wrong in your business management, and your losses can be greater than being a gambler.