ADVICE SOMEONE READY TO ESTABLISH A GAMBLING PLATFORM BUSINESS
The intention for creating this thread is to hear about our general opinion, suggestions or best advise we could give to someone who is ready to establish a gambling platform as a business, if we are in the same position, what will be our response toward these few questions.
1. What are the first things to put in place before starting?
2. What are the strength and weakness to consider with gambling platform?
3. Can you hire a person to be in charge, for the business management of the gambling platform?
4. Is it a profitable business base on your own experience or from what you have seen others achieved from establishing one?
1. You need to understand all the legal stuffs first. Don't forget about the licenses and regulations. You don't want to be serving customers where gambling isn't allowed without appropriate licenses. You will end up with huge troubles.
2. The best side of this business is that you will be making profit in the long run no matter what due to house advantage. The worst side, aka weakness is too many competitions. You need to provide something that other have failed to do so.
3. Yes, why not? You can hire someone to help you and look after the books. In fact you must, you wont be able to do it all alone.
4. It can be profitable if you know what you are doing and if you are consistent in everything.