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.
I do not know about that, you are making it seem way easier than what it is, creating, running and maintaining a casino is not only very difficult but also incredibly costly.
We need to take into account that not only you need to pay for the development of the casino itself, you need to pay as well for the servers, customer service and the promotion of the casino too, while at the same time you need to keep a huge amount of money in reserve in case you need to pay one of your customers if they win a big jackpot, and with all the competition there is on the casino market this is very difficult to do.