Do you think owning A gambling site is more profitable?

[Fiatless]

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.

According to an estimate by a source, it might cost from $100,000 to $1,000,000 or more, depending on the scope and jurisdiction of your operations to establish an online casino. It would include expenses like licensing, software and platform development, payment systems, and marketing budgets. Most gamblers would not be able to afford this kind of money. So the insinuation that people would set up their own casino instead of patronising the available ones is out of place.

[r_victory]

Having a gambling website is certainly profitable, but it's even better if your goal is to have a reputable company that offers real value to its customers. Scammers may profit (unfairly), but the power of a successful business lies in its integrity. I would certainly own one if I had the time to manage it properly...

[Muba20]

Conducting a gambling platform is definitely not easy because only money is not enough. To run a gambling platform requires proper software and technical skills. Some people may have money but they do not have that skill. Some countries require legal validity to operate it. In addition, you need to have good skills in marketing and promotion as well as payment systems. Gambling platforms are not only profitable, but if you do not have the right skills, there is also a high possibility of loss. That is why although gambling is easy, running a gambling site is not that easy.

[Mr_Brilliant$]

Having a gambling website is certainly profitable, but it's even better if your goal is to have a reputable company that offers real value to its customers. Scammers may profit (unfairly), but the power of a successful business lies in its integrity. I would certainly own one if I had the time to manage it properly...

Like, hell yes, it’s way way more profitable than gambling it self. It is even still very very profitable if you don’t own the whole company, probably just a part of it..
Because most of those companies makes tons of money annually and in a long run compare to what they pay out.. So obviously owning is way more better that gambling itself..

[xenomorfo]

Every gamblers assume that owning a casino is very profitable because they lose frequently to the casino, but you never know, until you?ve indulged in it yourself. There?s a quote that said ?The person who put on a shoe, knows exactly where the shoe aches?. For someone with determination to start up a casino business, you?ll definitely do your market survey so you know the pros and cons of what you?re about to invest in. On here, you?ll only get a random assumption, because most of us here are gamblers.

Is not just gamblers who think so, for example i don't gamble except with friends and only at cards, but i consider casinos a profitable activity.
just look at how many casinos exist and how many are opening, if it wasn't profitable it wouldn't happen, right?

[silpersurfer]

The revenues of the gambling business may look very enticing at the first look. Many people see casinos or gambling sites as “money machines,” because players are continually showing up and placing bets. But we don’t know whether the business is always making money, because none of us manages, we just all play.
Looking deeper, setting up a gambling website isn’t so simple. They include the high costs of platform development, the requirement for a solid security system to shield data and transactions, and licensing and tax fees, that may be quite substantial in some locations. That’s not including the costs to advertise the site, the affiliate programs, the player bonuses, or the operating costs like servers and customer service. All this has to be paid for before the site starts earning a steady profi Under these conditions, it's no surprise that anyone would think twice about owning a gambling site, let alone running one.

[serjent05]

According to an estimate by a source, it might cost from $100,000 to $1,000,000 or more, depending on the scope and jurisdiction of your operations to establish an online casino. It would include expenses like licensing, software and platform development, payment systems, and marketing budgets. Most gamblers would not be able to afford this kind of money. So the insinuation that people would set up their own casino instead of patronising the available ones is out of place.

Regardless, if one has the budget, it is proven that owning a gambling site is more profitable than just playing on the gambling site.  The statistics can prove it as long as the marketing scheme of the casino is spot on in attracting players to the site.  It is not a discussion of whether the person has the budget to set up the casino or not, it is a discussion of whether being a gambler is more profitable than being a casino owner.

In this discussion, I think we assume that the casino is successful in their marketing scheme of having a player and keeping them to play in the casino.  The maintenance, risk factor, and the amount needed to maintain a casino are out of discussion here.  The focus of my reply is the result of gambling activity, owner vs player in each bet made.

[Odogwu-Blockchain]

You may be interpreting it wrongly OP, the team intention isn't to scam people after running some weeks signature campaign on the forum, you should note that campaign is also ran somewhere off the forum for more visibility too, the team stopping campaign on the forum doesn't mean that their target is met to strike customers with scam attacks, it could be that they are examining the results or something similar.

[batang_bitcoin]

Is not just gamblers who think so, for example i don't gamble except with friends and only at cards, but i consider casinos a profitable activity.
just look at how many casinos exist and how many are opening, if it wasn't profitable it wouldn't happen, right?

That is true, if casino business isn't profitable. We'd only see a few of them existing but no, from the old ones to the newer ones, there have been many of them that continues to exist and make a lot of money. They understand that this is a lucrative business but it's on the expense of the gamblers that have to lose money. But it's also like investing with so much money before they can be profitable, it's also a gamble from the beginning in business perspective.

[retreat]

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

I don't own a gambling site, so I can't answer that definitively. However, logically, if gambling sites weren't profitable, we wouldn't see so many of them popping up and continuing to operate. That's because the gambling industry is so potential, so many sites are popping up and continuing to invest their money in it. So, considering this, we can say that owning a gambling site is more profitable than being a regular gambler, who is uncertain whether they'll profit or lose all their money.

[Jody.Drummer]

I will not deny that currently the gambling business can be said to be a profitable business, that's true, it's just that starting this business may require a large amount of capital, because I think it's unlikely that it can be run by just one person. Also why is it profitable? because perhaps in almost every country there are people who gamble, whether the country legalizes or illegalizes gambling. Apart from that, managing it, including marketing or advertising, is also a factor in whether this business will develop or not. Everyone can think about starting a business including gambling but not everyone can do it or start it.

[xenomorfo]

That is true, if casino business isn't profitable. We'd only see a few of them existing but no, from the old ones to the newer ones, there have been many of them that continues to exist and make a lot of money. They understand that this is a lucrative business but it's on the expense of the gamblers that have to lose money. But it's also like investing with so much money before they can be profitable, it's also a gamble from the beginning in business perspective.

Erm, the casino business is really profitable, there's nothing to be done because if it were an activity that didn't bring in profits, I don't think anyone would do it. For example, in the past here on the forum, if I remember correctly, there were people who exchanged Bitcoin with other currencies, but since it has become an unprofitable thing, they have become few.

[rdluffy]

I remembered something else interesting that I didn't share here in the thread
The cost of a license here in my country
Simply the equivalent of 6 million dollars 


Source: https://www.manavia.im/multi-jurisdictional-licensing/brazilian-gaming-licensing/#:~:text=To%20obtain%20this%20license%2C%20businesses,Reals%20(BRL%2FR%24).

Pretty hard to start and being profitable

[Maslate]

Erm, the casino business is really profitable, there's nothing to be done because if it were an activity that didn't bring in profits, I don't think anyone would do it.

In general, especially in the crypto gambling industry, it’s profitable. But that doesn’t mean everyone who enters and tries to operate will automatically make money. There are still many who fail. That’s the reality in business, not only in gambling. No matter the industry, not everyone succeeds, even if the market looks good from the outside.

For example, in the past here on the forum, if I remember correctly, there were people who exchanged Bitcoin with other currencies, but since it has become an unprofitable thing, they have become few.

That's another thing, still business though but not related.

[Dunamisx]

I want to be more convinced that operating a gambling casino is profitable and that is why most people are found in the gambling sector to make sure that they also have their own casino, however, we should note that there are also some challenging factors regarding operating a gambling casino and this has been one of the major constraints affecting some from establishing one.

[dimonstration]

I want to be more convinced that operating a gambling casino is profitable and that is why most people are found in the gambling sector to make sure that they also have their own casino, however, we should note that there are also some challenging factors regarding operating a gambling casino and this has been one of the major constraints affecting some from establishing one.

There’s a big difference between owning a casino and being mere gambler in terms of profitability.

Casino is a business which means it’s meant to generate profit from gamblers with house edge that guarantees it while gamblers are using casino for entertainment purposes and profit is not guaranteed.

All businesses requires capital with the risk of losing if there’s no customer supports it but profitability wise based on its purpose casino surely win without any debate needed.

[iv4n]

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?

Having a gambling site can be profitable, and it's profitable... just take a look around, and you will see many good casinos that are doing great. But every coin has two sides, not every business is successful, not every casino is profitable... Some of them simply fail along the way and probably get into debt. And yes, some of them decide to scam players and disappear with money... we have seen so many different stories.

[bakasabo]

I remembered something else interesting that I didn't share here in the thread
The cost of a license here in my country
Simply the equivalent of 6 million dollars 


Source: https://www.manavia.im/multi-jurisdictional-licensing/brazilian-gaming-licensing/#:~:text=To%20obtain%20this%20license%2C%20businesses,Reals%20(BRL%2FR%24).

Pretty hard to start and being profitable

I have found on wikipedia, that only 22 sites have national license, and 200+ sites plus around 100 companies have national permit to operate ( I guess that cost less than $6 millions). And they have thousands of illegal casino (no wonder, with such licenses cost) among which 2000+ will be closed. Google told me that to start a casino in US you must have at least $100k. That will be just for a start. I think you will get a template of a casino for that money. $500k-2500k if you want an individually created casino.

[stadus]

Having a gambling site can be profitable, and it's profitable... just take a look around, and you will see many good casinos that are doing great. But every coin has two sides, not every business is successful, not every casino is profitable... Some of them simply fail along the way and probably get into debt. And yes, some of them decide to scam players and disappear with money... we have seen so many different stories.

It’s not profitable for everyone, especially in the long term.
That’s why there are some casinos here that run very impressive offers, but in reality, they’re just trying to run a quick scam.

There’s really no difference between running a casino and running any other business, it’s the same principle. Marketing is still a major part of it. Without enough budget for promotion, no one will even notice your platform, and eventually it will fail.

[justdimin]

Every gamblers assume that owning a casino is very profitable because they lose frequently to the casino, but you never know, until you’ve indulged in it yourself. There’s a quote that said “The person who put on a shoe, knows exactly where the shoe aches”. For someone with determination to start up a casino business, you’ll definitely do your market survey so you know the pros and cons of what you’re about to invest in. On here, you’ll only get a random assumption, because most of us here are gamblers.

While in theory that is true, it's also a bit about how you run what type of business. Sure, if you are a bakery and you do not get any customers then you will bankrupt. But when it comes to casinos, if you do not get any customers, you do not have any cost neither.

You may have cost of marketing, but you calculate that within your budget, nobody should take a loan and do marketing lol. That means, you only "lose" money when the gamblers win, and most of the time gamblers lose, even if one wins, ten loses, so you are in profit. Casinos are very profitable and the only reason why most people do not start one is that the starting capital is very high.