Do you think owning A gambling site is more profitable?

[davis196]

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?

Asking such questions means that you know nothing about house edge and negative expected value. The casino doesn't have to scam the gamblers in order to be profitable, because the house edge guarantees negative expected valued for the gamblers. This means that the more they play, the higher the chances of them to lose in the long term. Yes, I know that many casinos get accused of scamming their gamblers, but there's no need for a casino to scam the gamblers, in order to make higher profits. Building a casino business requires big capital. A casino owner cannot be compared to an ordinary gambler.

[Emeraldo]

New casinos and bet sites keep on getting launched on a daily basis and the reason behind that is because there is a lot of money ready to be made but gambling. Making profit in gambling is very difficult but not entirely impossible,same way the casinos generate profit. Gambling is very profitable that's the reason why a lot of casinos make money is because people are not responsible enough, they take Advantage of people's greed, it is all a mind game. As long as there are gamblers the casino would always benfit

Even if there is money in the gambling industry, you will need a lot of money for you to build your own website and employ marketers that will promote your casino. It is not only by creating your own gambling company but you need to employ workers and run different marketing that will bring new players to your casino so it can compete with the following casinos in the industry.
You need need to have enough money to successfully launch a casino and in a long term basis, it's going to be profitable.

[DrBeer]

Not more profitable, but 100% profit. Look at how new sites are popping up on this forum & then advertising their sites here, it's a sign that gambling industry is a cash cow. The owner could be a former player who is tired of losing & wants to try a new experience as an owner. If you see recently a site called Betmoco, I'm 100% sure that the owner is a former player, looking to take full advantage by cheating forum members.

I would also consider the option of creating one-day casinos, a one-time influx of new users, fixing profits, closing the casino, rebranding, and “opening a new one.” If you look at most small/new casinos, they are almost all “twins” in terms of functionality, with a standardized set of games and technologies. Only large casinos are really expanding, developing, and updating their sites, valuing their image.
 

[Julien_Olynpic]

The answer to the question of whether creating a gaming website is profitable isn't as simple as it seems. After all, websites aren't launched in a non-competitive environment. There's a certain boom in demand for casinos, bookmakers, and prediction platforms right now. It's human nature; people enjoy playing with chance and risk. However, the market is already saturated with various casinos, including highly respected sites with a history of investing heavily in advertising and marketing. Generally speaking, I'd say that a gaming website is now more about marketing. You need to come up with new marketing triggers that will attract gamblers and help you win the competition. It's very difficult.

[Mr_Brilliant$]

New casinos and bet sites keep on getting launched on a daily basis and the reason behind that is because there is a lot of money ready to be made but gambling. Making profit in gambling is very difficult but not entirely impossible,same way the casinos generate profit. Gambling is very profitable that's the reason why a lot of casinos make money is because people are not responsible enough, they take Advantage of people's greed, it is all a mind game. As long as there are gamblers the casino would always benfit

Even if there is money in the gambling industry, you will need a lot of money for you to build your own website and employ marketers that will promote your casino. It is not only by creating your own gambling company but you need to employ workers and run different marketing that will bring new players to your casino so it can compete with the following casinos in the industry.
You need need to have enough money to successfully launch a casino and in a long term basis, it's going to be profitable.

Owning a gambling site is not just build website and start cashing out oo lol,  it needs heavy capital, serious marketing, licensing wahala, employing staff, constant promos and some other things… and don’t forget you’re competing with big brands that have already dominated the space already..  That is not a small challenge at all..

Yeah it will definitely be profitable, but it require a lot of money..

[Akuma_]

Yes of course because factory is more important then products. I mean that in gambling the winning ratio is very low but if you own a Gambling sight then you can own more then as a gamblers. Beacose we all know the algorithm's of those type of sight's. That's the reason much more profitable if you own gambling sight.

[dwyane36]

Owning a gambling site is not just build website and start cashing out oo lol,  it needs heavy capital, serious marketing, licensing wahala, employing staff, constant promos and some other things… and don’t forget you’re competing with big brands that have already dominated the space already..  That is not a small challenge at all..

Yeah it will definitely be profitable, but it require a lot of money..

Launching your own gambling website indeed requires a lot of money. I think that $1-2 million is enough to launch a simple gambling website and start promoting it gradually. By the way, there are gambling platforms on the forum that have already gone from being unknown to becoming well-known casinos, whose brands are familiar to many.

[Smartprofit]

Of course, owning a gambling website brings in much more profit than a single avid gambler could ever earn! 🙋 In my opinion, there are no two opinions on this matter.

A well-organized business guarantees long-term profits. However, in my opinion, creating a well-organized gambling business is a very difficult task. I don't have personal experience in this type of entrepreneurship (I think most forum members don't), but I have read information on the topic in Telegram channels. Creating an online casino requires properly structured business processes : marketing, IT, financial flows, etc. Currently, creating an online casino from scratch is probably practically impossible. In my opinion, this business has too many pitfalls. The organizer needs practical experience in this field. Furthermore, it's worth noting that competition in this business is very fierce.

At the same time, if you do manage to create a well-organized gambling business, it will bring you great profits.  Of course, no professional gambler would ever be able to earn such large sums of money.💸