Online Casino's and Sportbetting platforms are both very lucrative businesses to venture into, but which of these businesses do you think make the most profit?
If you have an opportunity to start one of these, which of them will it be, Sportbetting or Online Casino?
Please give a good reason for your choice.
If ever I have good amount of capital, then I dont have to choose one but to start with them both. Besides, these type of business will far go into bankcrupt as long as I can manage them properly. Both have really great potentials to succeed seeing that gamblers will always go to play slots or sportsbetting in just one site, so that means I can always maximize my profits provided also that I can give my customers excellent services.
Why are you so sure that if you had money you would be able to run a casino/bookmaker office if there is very strong competition in this field nowadays, and in some states this field has been taken over by monopolists?
Personally, I wouldn't risk entering this market, because I'm not sure that a new casino / bookmaker office can compete with platforms that have earned their reputation over several years of work and have loyal customers who are happy with everything.
How exactly would you be able to lure other people's customers? Do you have any ideas about it?