Do you think owning A gambling site is more profitable?

[nimogsm]

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...

Today, I think it's unlikely that I could run a gambling website on my own. A huge marketing and advertising campaign is needed to promote the product, as well as a separate fund for employees and a budget for games. It's impossible to accomplish this alone.Scammers also have to work hard to get people to fall into their trap. I think people have become more careful online lately.

[Findingnemo]

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.

Promotions are just a part of it, managing the casino without any issue is biggest task, there has to be enough funds to payout the wins on time, need to handle any support tickets promptly and need to secure the cold wallet from the hands of hackers so it all requires funds that is why some casinos may not be making enough profit so they decide to cost cut by saving some money in promotions and other media.

[I_Anime]

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?

This is the aspect gambling can be seen as a business , not you as the user seeing it as a business (more of an entertainment). Yeah is profitable owning your own casino , especially when you’re legit and have good reputation which will actually attract big gamblers to your casino, that’s why most casinos try all means to create more awareness of their service .

[Muba20]

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...

Today, I think it's unlikely that I could run a gambling website on my own. A huge marketing and advertising campaign is needed to promote the product, as well as a separate fund for employees and a budget for games. It's impossible to accomplish this alone.Scammers also have to work hard to get people to fall into their trap. I think people have become more careful online lately.

In managing a gambling site, a gambler should not focus only on one particular aspect but also focus on all aspects. If all aspects of the site, including money, games, withdrawals, management, and security, are given equal importance, then there is a chance of becoming the owner of a gambling site. But in such a condition, if there is only financial strength but there is weakness in other aspects, it is better not to take on the responsibility of managing a gambling site. Poor management of a gambling site will definitely bring losses.

[shawonngp]

I think it is really difficult to launch a new casino site, because anyone can not launch and do business easily. After all, casinos are illegal in many countries; in those where they are legal, you have to obtain a license with the government's permission and pay high taxes to the government. The casino business is definitely very profitable, but it requires significant investment in the beginning. To operate and promote it. A huge amount of money is needed to conduct a new casino site. It takes a lot of money to build the website and to spend a long time promoting it.

[Fivestar4everMVP]

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?

Running a gambling casino is a very lucrative business which i believe you already know, casino is a highly profitable business but only if well managed, like any other business, it's not easy to start a gambling site since it's not just about building the website, there is much more to this and one of such is running a marketing campaign for create exposure for the site, marketing campaign is very expensive but if done well, the casino will benefit well from it.

And speaking of whether casinos have become a way through which scammers are now operating and scamming people? Well, this is hard to know because there are bad eggs in every business out there, and the fact that one or two casinos ended up as a scam does not mean the building online casinos have become the major focus of scammers in their quest to continue to scam people. Because falling victim to scam casinos by as well be avoided if only we will learn to stick to the trusted casinos that we already know.

[Royal Cap]

Well from the outside, it looks like all it requires to get a platform running is money, but it is very complicated. If the software and payment are not all right, people's trust can be lost in one day. For me the worst part is the responsibility. Because people take their own money here. So legal issues, transparency and good support are very important. It is hard to survive in the long term if you are only thinking about profit. Without a skilled team, planning and patience, it can become a big hassle instead of profit, So I think it is a little difficult to make a profit as a newbie, unless the gambling company is a scam.

[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 

IMG

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.

As far as I know, to operate legally here in Brazil, you need to have a license worth 30 million reais (USD $6 millions)

It seems to me that this permission is only temporary for companies that still need to regularize something, and the government gives them time to operate and regularize their situation in the meantime
The others, without license or permit, they block their websites

[Bitcoin Smith]

A casino isn't a cheap business to start by anyone, so if you see a casino that is registered with a valid gambling regulator then they might not come with the intention of scamming people whereas anyone can create a fake site that looks like a casino, that is one of the reason people are now chosing the licensed casinos over the unregulated ones.

And it is profitable but not always, just like any business a casino will also have it's own risk factors.

[Sonia_123]

In this case it shows that those casino owners that behave like this are out there to scam people, therefore gamblers should be very careful when they chose a particular casino to gamble, you just don't run after new casino that has just being opened, stick to the already known gambling sites you are using .

Owning a gambling site is very profitable but remember that in every new business it grows gradually, which some person don't want to endure that patience of slowly growing to the next level until they start making greater profit,and that is why you find the impatience ones fold up their business within a short period of time because of wanting to have quick money.

[goldkingcoiner]

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?

Owning any kind of business is profitable. But only when you know how to run it.

Give some random guy off the street his own online casino and chances are he will run it into the ground and in the worst case scenario have lawsuits chasing him for the rest of his life. Or maybe he just goes to jail where some judge will give him a harsh sentence. Especially if he was scamming on purpose.

Personally there are business types I would stay away from. Or sell to someone else if I already own it. Gambling is one of those types.

[MAAManda]

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

Being a crypto casino owner is more profitable than being a user. Since all the owner needs is the interaction that occurs on the platform, the more users, the more bets made, the more profit the crypto casino owner will get. In other words, they "100% will win" there. While you might win as a user, that money can be returned to the platform in subsequent deposits. The longer you play, the more you give the platform free money. If you don't know much about this, I think you should read about HE & RTP.

[Judith87403]

To own and run a gambling site may be profitable, yet only when it is created for the long term. Legal platforms earn through the house edge, volume, and proper management of risk. With time, the math favors the operator, instead of the player.

Haven said that, the low barrier to entry that is in crypto makes it easy for operators that are dishonest to launch sites that are flashy, run signature campaigns, build trust fast, afterwards they disappear. Therefore yes, some make use of it as shortcut to fraud, yet that do not mean all new casino is a scam.

Comparing to being a steady gambler, owning a site that is proper-run is statistically much more profitable as you can control the edge. Gambling as a player, long term, nearly usually means losses.

[rachael9385]

If running a gambling site isn't profitable why would you think that new sites would be launching almost everyday, as a gambler you are supposed to be able to answer this question yourself. There are lots of addicted gamblers out there and imagine how much all these gamblers are losing. The goal casinos set is to make profit, that's why they make more moeny off gamblers and those addicted

[o48o]

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?

What you thought to be the main reasoning for the argument where gambling is more profitable? That argument wouldn't make any sense.

If gambling would be more profitable, then by definition, casinos wouldn't be profitable.

Also, real casinos don't need to scam. They can just rely on their edge, and it's just statistically almost impossible not to make profit.

Only reason for a "casino" to scam would be that they don't have enough money in their vaults to pay the winnings, but those aren't real casinos. They are just scamming operations. Real casinos have a budget.

[Mahiyammahi]

Running a gambling site can be profitable if it’s legit, well managed, and builds long term trust, since the house usually has a built in edge. But the boom in new casinos also attracts bad actors who launch fast, grab users, then disappear or stop caring about support once they’ve made money.

So it’s not that all gambling sites are scams, but the low barrier to launch one makes it easier for some to exploit players. In the long run, owning a trusted casino is more profitable than gambling, but only if it’s run honestly and sustainably.

[Nwada001]

If running a gambling site isn't profitable why would you think that new sites would be launching almost everyday, as a gambler you are supposed to be able to answer this question yourself. There are lots of addicted gamblers out there and imagine how much all these gamblers are losing. The goal casinos set is to make profit, that's why they make more moeny off gamblers and those addicted

Not just using addicted gambler money to judge the amount of profit that these casinos make, but even those who are gambling for fun with the amount they can afford to lose are still giving enough money to the casino to keep them going.

But let's also not forget that there is no business without loss; even if the casino appears to be making enough, their starting-up era is not always easy, as they have to pay winners and workers out from their own side. And besides, casino owners are not the only ones enjoying the money that goes inside; game providers also have their own fair share.

[Agbe]

The topic is well constructed but the question already has an obvious answer, owning a gambling site is profitable than gambling this is why the casino always win and gamblers lose in the long run. why do you think there are lots of casinos coming up everyday this is because they know that it is a very profitable business. The game is basicallydesigned for those addicted to keep gambling and the casino makes more money

[Stablexcoin]

It would be much more profitable to open a gambling site than be a gambler, because gambling site analyse the game and have a better view of what the outcome could look like, in most cases an insider information.  Now this information could be used to fluctuate the odds and make it look easier for a win while it could actually go opposite. Speaking based on assumptions, it is also not easy to run a gambling site,  as losses are bound to come but I think it's more profitable than gambling itself.

[Hypnosis00]

If gamblers remain as the constant losers, that proves that the casino is always at the winning end. Because there's only two likely scenarios, either the gamblers winning, or the casino winning, but knowing gamblers at loss, the casino is making substantial profits at the end of the day.

With this, there's no doubt online casinos continue to grow in number, and grow the owner's income and profits.