Do you think owning A gambling site is more profitable?

[Uhwuchukwu53]

No business without profit beside only few can rush into opening businesses of such nature without sense of details mostly feasibility study of the business, gambling sites can be of lucrative and for those that have the business idea though people without experience may only consider it been cost effective to start due to what it takes to run it but can't be considered with person who's know the outcome of establishing such .

[Crypto Library]

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?

You are conflicting between the business and the entertainment source. Owning a gambling site is an business and when we do gambling that is only a purpose of the entertainment source. In gambling, if we use it for business purposes, I think it can be a source of our trade fair writing, then there is a possibility of us having a financial crisis and thus there is a possibility of becoming addicted to gambling.

Moreover, if I talk about gambling site business, then it is not easy to be successful here either, you have to know about the entire field and do the right marketing. Otherwise, it is not possible to be very profitable here.

 

[Accardo]

Sustainable profits require management, shrewd marketing, and absolute compliance with the rules. Yes it can be profitable but to the wise planner and doer.

Indeed, realistic growth with a minimal expense, helps durability in the market with zero threats of bankruptcy. Considering the consistent monetary needs of sustaining a casino, overspending is the fastest way to collapse the business. Some failed casinos pushed a lot of money into marketing to outshine the existing casinos, but ended up not having enough to keep the other parts of the business going, like paying providers, staff and winners.

[CryptSafe]

OP, at first, if you look at funds put into running a gambling platform, you should be asking yourself this question because nobody would sink a huge amount of money into something they are not sure of and mind you players make loses everytime they play so all these loss recorded where do you think it is going to, the casino maintain ther website, pay staff and all of that to make sure they are still existing so tell me what do you think about it? Do you not think they are making serious money from it?
Although some collapse or fold as a result of poor bankroll, I believe that is as a result of their inability to do a good job of publicity for their casino, and it affects them in the long run.

[Dr.Bitcoin_Strange]

OP, at first, if you look at funds put into running a gambling platform, you should be asking yourself this question because nobody would sink a huge amount of money into something they are not sure of and mind you players make loses everytime they play so all these loss recorded where do you think it is going to, the casino maintain ther website, pay staff and all of that to make sure they are still existing so tell me what do you think about it? Do you not think they are making serious money from it?
Although some collapse or fold as a result of poor bankroll, I believe that is as a result of their inability to do a good job of publicity for their casino, and it affects them in the long run.

It's even easy tho note that the reason why there are many casino is because it is profitable, if it was not profitable, then it's only a few casinos that would have been in existence but nope, there are many competition and even more casinos are planning to launch, despite the jackpots that some gamblers luckily win few times, they can not be more profitable than the casinos, else the business is going to short down but because the casinos are making more money, that's why they are continuing business always.

[CryptSafe]

OP, at first, if you look at funds put into running a gambling platform, you should be asking yourself this question because nobody would sink a huge amount of money into something they are not sure of and mind you players make loses everytime they play so all these loss recorded where do you think it is going to, the casino maintain ther website, pay staff and all of that to make sure they are still existing so tell me what do you think about it? Do you not think they are making serious money from it?
Although some collapse or fold as a result of poor bankroll, I believe that is as a result of their inability to do a good job of publicity for their casino, and it affects them in the long run.

It's even easy tho note that the reason why there are many casino is because it is profitable, if it was not profitable, then it's only a few casinos that would have been in existence but nope, there are many competition and even more casinos are planning to launch, despite the jackpots that some gamblers luckily win few times, they can not be more profitable than the casinos, else the business is going to short down but because the casinos are making more money, that's why they are continuing business always.

Sure, the competition is very strong now between the casinos, and this is because they know they are making good money from the business this is why the marketting is becoming very competitive and tensed because they want to get a larger community which would benefit them most so their casino would keep existing and they would be making profit too. 

[junder]

Developing strong team is a key requirement that will guarantee that all areas of functions within a site can be tracked down to the nth detail and professionally at all times. We realise that this high amount of work cannot be managed singularly without impacting on the quality of services and security of the system to the users. You are correct, good planning will save the possible financial losses that might have been saved as a result of an accurate planning. Professional assistance is a great leap towards business continuity. This is a most constructive reasoning when it comes to business in the long run.

Not only in gambling but in all businesses that aim for profit, because that is certain. In addition to profit, of course, you want to develop it, so the preparations must be really thorough.
Apart from that, I agree that having a gambling site can be profitable if it is managed properly, such as by giving players confidence and making them feel comfortable. If I had enough money, I might start one, but unfortunately I don't.

[justdimin]

Not only in gambling but in all businesses that aim for profit, because that is certain. In addition to profit, of course, you want to develop it, so the preparations must be really thorough.
Apart from that, I agree that having a gambling site can be profitable if it is managed properly, such as by giving players confidence and making them feel comfortable. If I had enough money, I might start one, but unfortunately I don't.

Just like any other business, it requires two main things and as long as those two things happen, you can start any business in the world including a casino. One is a capital, just like you, I do not have that kind of capital neither, so if anyone wants to start a casino (or any other business) they need a big capital.

Secondly customers, because you can be making a small bottle can opener, or be big casino, as long as you do not have customers, you won't make a profit. If you can get a capital, and find customers then yeah casino is as good as it gets.

[Accardo]

Sure, the competition is very strong now between the casinos, and this is because they know they are making good money from the business this is why the marketting is becoming very competitive and tensed because they want to get a larger community which would benefit them most so their casino would keep existing and they would be making profit too. 

Casinos follow different growth patterns, while some casino's growth shoots others collapse in an industry where a substantial amount of casinos battle for one kind of people - gamblers. It's not something every casino would be able to manage proficiently.

[Orpichukwu]

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

And that question is something that should not even have been asked in the first place because it's not a secret that the casino has an upper hand against the players; the system is built that way for them to win more than we win, so the profit is always on the higher side for the casino. Gamblers only win some piece of what's reserved for all players and lose most of the bet at the end, which is also given back, both what was won and the ones from their personal pocket.

[barbara44]

Running a legit gambling site can be profitable, but it requires big spending on licensing, games, marketing, and maintaining trust. Experienced owners say real profit comes from long term player retention, not quick cash grabs.

And a scam gambling site is profitable too lol but of course I don't recommend it as it is bad. As a starter, it must be okay to have a not-so huge budget because what I know is that small gambling sites don't usually have a license yet and then their games usually started as original. As for the marketing, it can be done for free using the free social media sites and as well as forums like Bitcointalk.

The issue is that some launch cheap sites, promote heavily, then disappear after gaining deposits. Owning a serious casino can be more stable than gambling, but only if it’s built for the long run.

You don't have to worry about them but it is the problem already of those who does that but I think some still benefits because if not, then I don't think they will also quit early. We don't know the real reason for their disappearance. It could be that they are only testing the waters and may still come back after some time?