There is a wealth of information on the internet about gaming and gambling on. How to begin a Gambling Website, what do people bet on, is a gambling on exchange better than a sports book or casino website, or do users prefer gambling on online rather than gambling on real world? What is lacking in many apilorm of these posts is not the information they provide on starting a Gambling Website, but alternatively exactly the place to start. So where do you start, you ask? and how do you start? Would you require funding when thinking of starting your own Gambling Website? Are there legal pitfalls in running an online sports book or casino Gambling Website?
Asking these questions is only a tip of the iceberg in knowing exactly what you are in for in owning a gambling on exchange or any of the other Gambling Website s, but knowing the answers will better your chance or probabilities in owning a successful online gaming site. So where do you start? You can search and search around the world wide web and gather all the information (highly recommended) on starting your own casino, owning a proper gambling on exchange, or on providing a good online sports book atmosphere to your users, but knowing exactly how to use this information is type in running your outfit.
Before we get into how to use the information you gather properly, you may want to visit some of these places if you have not already done so: gaming community forums, casino pages, sports website, news pages on gaming, pages on the “internet gaming regulation act” and how it will affect your online website, laws governing gaming and paying close attention to the dates the country each specific information pertains to and so on.
By now you must be thinking this is a bit to extreme. But ask yourself this: do you know what each gambler want, do you know what is going to make them use your site over the next Joe website. Simply put you must know the things that will drive publishers, sponsors to your site (funding) and most prominently what is going to drive users to your site. You can have the best house in your area but if not one knows about your house or you, well you get the picture.
If you have visited the suggested headings listed above and read up a bit more on gaming and the laws governing online sports book, casinos, poker rooms and gambling on deals and still wish to continue then please read on my friend, you have gotten over the first hurdle. Now that we have you thinking not in the box and have a better understanding on what’s waiting for you for you lets tackle the first and also most important question you would first need answered “Is gaming legal”.
Now this is the most important because if you are thinking of performing or owning a Gambling Website in a country, city, state, province, town, what ever it may be and its not legal. Like monopoly you will be fined or worst you will go on to penitentiary. Sorry boys and girls but we need to make one thing clear here being online business doesn’t mean a thing to the government and the authorities. You will need to register a business or acquire a business permission (not the same as a gaming license), you will need hosting and you will desire a bank account to hold the money generated from your sports book, gambling on exchange, poker or casino website. So finding out if gaming is legal where will be running your business is extremely important.
To give you a better picture of things 9/10 planning to run a Gambling Website have had to opt for an offshore operation. Why you ask? Well that obvious of course. In places like Costa Rica there are laws in place for gaming, but there are no law against online gaming neither is there a need for a gaming permission (more on gaming permission later), but you will again must do pursuit, if you are fascinated by owning a sports book or any of the other Gambling Website s, prepare yourself to accumulate information. Here is Tip #1 : Speak to a lawyer (a reputable one if you can) they will shed a lot of light on your situation and point you in the right direction.
And this brings us to our next question, licensing, and no its not your drivers permission. A gaming permission is required to run a gambling on exchange, sports book, casino, poker or any other Gambling Website most of the time but not always. This is why again you will need to do your research. But do you know what they say, when in doubt get one. That was a joke Joe. If you are really unsure speak to that lawyer friend that you speech to in tip #1 about this and any other documents you may have to complete this process, ask your local gaming or gaming authorities/associations in the legislation where you’ve planned to run your online Gambling Website for advise. So remember a gaming permission is recommended but may not be required. Tip #2 Look at the local gaming authorities.
By now you need to have gathered enough information to get you on the right track and keep you out of penitentiary or worst circumstances prisoner of war camp.
Let us touch on a few more key areas on running your own Gambling Website. You will need some (the more the better) research and marketing to be done. But haven’t you already gathered enough of your personal research? No Joe. That was just information gathering, getting your feet wet, learning how the industry thinks. Don’t assume anything. There are rules to every game, and yes there are rules to running an online business and especially a sports book, gambling on exchange, poker room or casino. Because you know a little about owning a website, the principles and strategies change for each business, and you will definitely need to know about these rules if you are even woolgathering of becoming successful in the online gaming and gaming industry. This doesn’t mean visiting all those community forums and parts were for nothing, they will definitely help when you are ready to run your advertising and marketing campaign, you will be more than glad that you did.
If you have not already done a business and/or marketing plan this may lead to the development of one. Learning your target market, trends, location, gender, users’ habits, wants and disapprovals etc will all help you to become better aware of your strategies and aid in your success. So hire an experienced marketing company or speak with a friend or someone in the marketing field that can shed a bit more light on your exact situation and point you in a better direction. You don’t want to find out the hard way that the market you used to be targeting does not care much for gaming. Tip #3 Get proper research done.
This brings us to our next area of interest “staff or team”. From your information gathering and research you must have realized that ever if you may want to make this a one man show you will need a team or some sort of staff. Now a team does not mean you have to hire on a full time staff. Even big time new york giants like Microsoft, IBM, Logitech contracts out from time to time. It just means you will need a little more than yourself in a few areas. Even if you know the gaming world it would be wise to contract some professionals in key areas (even if its for a little while) to show you some hidden places you have not yet covered. You would definitely desire a technical someone or a development company that will be able to handle any problems you may encounter, updates you may need for your website, programming you might require, designs you may want to give you that look and feel setting you apart from your competition etc. You will most likely desire a bookie, bookmaker, (maybe more than one) who knows about bookmaking setting, update, prepare events, lines and probabilities on your sports book, casino, gambling on exchange or poker website. So a team or individual staff is really a must, but can be inexpensive if you plan properly and consider contracting. Tip #4 Put together a proper team.
Now we’ve carressed a bit on your website, but what kind of website or software will you require. The next on our list will be Software. First ask yourself what kind of Gambling Website will this be; A full Casino, poker, Gambling on Exchange, sports book or much better why not all? This is where pursuit and information gathering comes into play, review ask questions, get hold of your lawyer, and make a solid decision. What are the risk factors, who are my competitors, where do you get my line for from? Those are all questions that will have been included in pursuit and answered by now.
After that is settled it is now time to choose a development company that focuses primarily on online gaming (more specific online gambling). Most if not all would already have products readily available which were tested and will usually do modifications to fit your needs, it is usually much less expensive than having a website developed and put together from start to end. Software can range in prices, be ready to pay between EUR 10, 000 EUR to EUR 60, 000 EUR. Some attractions may be: Playtech (Rated for their Casino software), E-Prompt C’s BetMore : BetMore Software (Rated for its gambling on exchange & sports book software), Microgaming (Rated for their poker software). Tip #5 Get good software.
Well that ought to be it. But lets not forget the last and one of the most important on our list “Financing”. Sports book, gambling on exchange, poker, and casino websites are just about the most expensive business operations you can ever run, and this does not change what exactly is it for an online operation. You do not need a building, but you will need hosting, you do not need slot machines but you will need software, you do not need cashiers but you will need payment merchants and/or gateways. Get hold of your lawyer, speak with your marketing and research team, they will give you pointers to get funding, you’ll require money to run ecommerce constantly, so find sponsors, investors that will partner with you unless of course you have the bucks and is ready use your own money, Here is a hint you will need more than just EUR 500K EUR. Tip #6 Get funding.