Do you think owning A gambling site is more profitable?

[mitchr4]

I think a casino is just like many other businesses everything depends on how well you’re able to manage it. But beyond that, there’s also a moral aspect. Are you comfortable making money in a place where other people are losing it? If that’s acceptable to you, and you’re a good manager, then I believe a casino can be a solid business.

I think the moral side depends on whether it's legal and who plays there. If a casino runs legally with a license and targets adult players who understand the risks, it's similar to businesses like selling alcohol or cigarettes. Legal but must be done responsibly. The important thing is having safety measures like KYC, anti-money laundering rules, and tools to help players control their gambling.

[SuperBitMan]

  yes, owing a gambling site is more profitable than being a gambler, I won’t call your thread stupid because you are just asking a simple question, and not everyone has the idea that other has, if you check this forum, you will see that we have a lot of gambling companies advertising their company, and the reason why they are so many is because they are making huge amount of money from the business, any business that is not profitable you won’t see people engaging in it, because owing a gambling company is profitable, that is why people are engaging in it.
Gambling companies are making huge amount of money, ask your self and your friends and family that are gamblers if since they started gambling till date they are losing more than they are winning, there answer will answer your question again.

[Dr.Bitcoin_Strange]

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.

You are right, I believe that's the reason why some casino always fold after few months or a year of operation, some casino will file for bankruptcy, it can seem easy to run a casino and become successful if someone views the business from afar but when they get into it, that's when they will realize that the business is not really a kid play. It requires someone to have enough capital and also the knowledge to compete against other casinos.

[Salahmu]

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.

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

Is possible of millions of people losing everyday in gambling and few only win, so it can't be possible to use a wining of a gambler to compare what the casino profit from them, actually casinos are million times profit getting than gamblers because they make more money if you loss and do you no that charges is attached on the casino withdrawals and this is also money they are making. However from recent and past things we have held some casinos are doing after sometime of convincing people you would no that not all of them are to be trusted.

[JeffBrad12]

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

Totally depends on how big the size of gambling site owned by a person. If someone own a successful gambling casino with significant size. It's obvious if it's very profitable for him. Even he may be super rich caused by that. However, it's not all of gambling sites are always successful.
There are also plenty of less successful casino, even some were bankrupt and the owners were so struggled to get by.

In addition, it's quite rare to see a casino run by someone. Majority of it were communally owned. So it's more than a person who owned it.

[Eternad]

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

It’s a high risk high reward for being a casino operator since you will need a lot of money for operating cost and setup of your online casino. The early stage too requires a lot of marketing and bonuses that will burn a lot of money without any assurance of getting players to get back your investment and gain profit.

Assuming everything was setup already and casino is already operational I believe casino is more profitable since you can’t have consistent profits for being a gambler alone.

The risk is just too high for casino owner since they are putting a lot of money compared to gamblers but profit wise it’s on the house because they will never lose against gamblers.

[Hewlet]

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 you are mistaking is that this forum is just one of the options that casinos use in doing their promotion and at any point they feel dissatisfied with what they are gaining from the forum, they will opt out at same point and there is nothing anyone of us can do about that decision. The casino are those that are the big players in all respect, their is no way you can compare them to the regular gambler. the only challenge with starting a casino business is pushing it to the level where people trust it really well. if you are able to with whatever strategy you can use ensure that you get people to trust your casino, you have hit it big in the process.

owning a casino site is far profitable and that is why we see them coming out in their numbers. and with the rising numbers of gamblers, be reedy to see more of them coming up in the coming days.

[Doan9269]

I'm yet to own a casino, but I'm much convinced that it could be a lucrative idea and business to do only if we are experienced in gambling and operating a casino and also have enough capital to back this up, because the financial aspect is the most important and how we can also manage the whole business for a long time sustainability, we can see how some platform are shutting down for one or two reasons, which I know that if we properly plan our own establishment, may not work the same Lane as those that shut down experience.

[348Judah]

Until you see a gambler winning huge amount of money from this gambling platform before you could know that it could be eye waiving for them to award a huge amount of winning to gamblers, gambling operators also go in losses sometimes and in some other cases they can also and and make more money, but I'm more convinced that there is much of risk in all this than we think because gambling business require capital and risk.

[KiaKia]

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.

Many members have no idea about running a casino but is it a must? They don't have to experience a thing about running a casino to know that casinos are the true winners here.

All it takes is a math, any business that sells the high numbers of people a hope or gold digging shovels will make fortune, the only way such business can bite the dust is scarcity of patronisers.

One person out of 10 people is all it takes, turn that one person into a rich man and millions will swarm you.

[Beparanf]

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.

Many members have no idea about running a casino but is it a must? They don't have to experience a thing about running a casino to know that casinos are the true winners here.

All it takes is a math, any business that sells the high numbers of people a hope or gold digging shovels will make fortune, the only way such business can bite the dust is scarcity of patronisers.

One person out of 10 people is all it takes, turn that one person into a rich man and millions will swarm you.

He meant has an actual experience on running a casino either through working with them or owning the casino itself. Only few users have actual invocation on casino operations while the rest just knew the common knowledge based on the shared information here by experience user.

It’s easy to grasp that gambling companies will not invest huge amount without getting equivalent profit. By calculating using house edge only based on their total wager will give us already an idea how massive their profit.

The only challenge now for them is the tough competition on casino industry.

[bakasabo]

We have users that were running and still run casinos. Why not ask them how their business is doing (and hope to get an honest answer)? Owning a gambling site is no difference than running any kind of business. If you know what you are doing, have experience, if you know your niche and how to earn there, you will be successful and profitable. If by owning a gambling site means starting an online casino and let things run by itself while you want your income grow, then it wont be profitable.

[Lida93]

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

Your question doesn't fall in well with all that you had explained in the post about certain casinos scamming users through exit scam after gaining the trust of the users in this community probably through sig or review campaigns.

Now, what I think about owning a gambling site is that it's the fastest and reliable way to make profit than being a mere gambler where you have to depend on chance to make profit from your bets every day. The house edge makes things simple for the gambling site and there's no way the gambler can win the house, at least he can luckily winning ones after many losses. So there's a difference between making profit as a gambling site owner and being a hit and run gambling site.

[Leahized]

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.

If you consider the casino. So here are the benefits and not too difficult to manage. Although running a casino requires a lot of money, they can take on new partners to fund it. By doing this, you can manage the casino properly. Currently, there are many online casinos that are very popular. so i think to be successful in any business requires hard work. And don't give up soon.

[Fiatless]

Until you see a gambler winning huge amount of money from this gambling platform before you could know that it could be eye waiving for them to award a huge amount of winning to gamblers, gambling operators also go in losses sometimes and in some other cases they can also and and make more money, but I'm more convinced that there is much of risk in all this than we think because gambling business require capital and risk.

When you don't know much about a business, you would assume that it is always a win-win journey. If it were so, most wealthy people would have invested in the establishment of casinos. Some casinos have had to go bankrupt after some big wins. Criminals could also identify loopholes and exploit them, which could lead to losses. There could also be governemnt crackdown due to regulatory changes. These and more can lead to losses. Anyway, a well-run casino knows how to manage risk and maximize constant profit.   

[Pandu Geddon]

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?

If from the beginning the goal was to cheat, I am sure they would still make a profit, but it wouldn’t last long. The profits in this industry are very large, but the capital they spend is also significant. With what they spend on the casino business, the most important thing is to build a reputation. If you ignore that, you might just end up stuck in a cycle of creating new gambling sites to deceive people.

[Antotena]

yes, owing a gambling site is more profitable than being a gambler, I won’t call your thread stupid because you are just asking a simple question, and not everyone has the idea that other has, if you check this forum, you will see that we have a lot of gambling companies advertising their company, and the reason why they are so many is because they are making huge amount of money from the business, any business that is not profitable you won’t see people engaging in it, because owing a gambling company is profitable, that is why people are engaging in it.
Gambling companies are making huge amount of money, ask your self and your friends and family that are gamblers if since they started gambling till date they are losing more than they are winning, there answer will answer your question again.

Profitable if your casino runs on many customers. There are days that my favorite casino do delay withdrawals when they experienced large amounts of winners. This happened most often during Champions League since it's easy to predict teams that can win and win teams that can loss. That last gamea before the play off draws were announced, many casino lost millions of dollars to bettors, imagine if all those winners left and refused to gamble again in your casino, it will take time to recover such amounts of money.

The advantage where casino seems to make money is if the same people that won money lose money in the same casino and if casino has plenty of gambling addictits, that's the fastest way casino can make money else the risk involve can make one go crazy and don't want to start again. This is the same reason why many start up casino don't last long in gambling, they test it at first and if it doesn't turn out like they expected, they discontinue the service.

[DanWalker]

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

The idea that running your own gambling site mean making a lot of money is not easy. And it is not a meaningless activity either. well-known licensed site like Stake are making billion of dollar, this mean that if you do business according to the rule there is a good chance of making good money here. Most online casino mainly derive their profit from the house edge, affiliate fee and the volume of million of bet. Although the profit may be small when there are billion of bet placed the final figure is quite large

Yes there is no shortage of fraudulent site on the market, fake license, rigged game, money holding scheme and bonus lure are now commonplace. Such fraudulent operator open site on the cheap and take peoples deposits. So it is quite reasonable to suspect, there are now many unregulated casino that are only looking to steal peoples money and steal

[DPHOR]

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.

I see how casinos are being launched on a regular basis and this is to say that owning a gambling site is more profitable than being just a gambler. Again what happened if many people tends to venture into owning a gambling site, would there be any changes like most people have less customers or people to patronize them.
Recently or over the time I have to understand that many people prefer using the reputable gambling site than just jumping from gambling site to another in other to start gambling.

[Aanuoluwatofunmi]

We can decide to own a gambling side if you are interested in this business, it's only require us to be more diligent in the business and be able to manage it effectively so as to keep it running, if we think we don't have the required capital of running one, it's not also bad if we can have a joint collaboration with interesting investors and build a reputable platform, well if none of this could be achieved, it is not bad if we also render some services to the existing gambling platforms and get paid or we also Gamble at our own risk to make some money.