Tools You Need When Starting Your Own Gambling Website

There is a wealth of information on the internet about gambling and betting. How to start a gambling website, what do people bet on, is a betting exchange better than a sports book or casino website, or do users prefer betting online rather than betting offline? What is lacking in many of these posts is not the information they provide on starting a gambling website, but rather exactly where 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 getting yourself into in running a betting exchange or any of the other gambling websites, but knowing the answers will better your chance or odds in running a successful online gambling 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, running a proper betting exchange, or on providing a fair online sports book atmosphere to your users, but knowing exactly how to use this information is key 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: gambling forums, casino pages, sports website, news pages on gambling, pages on the “internet gambling regulation act” and how it will affect your online website, laws governing gambling 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 will make them use your site over the next Joe website. Simply put you need to know the things that will drive advertisers, sponsors to your site (funding) and most importantly what will drive users to your site. You can have the best house on the block 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 gambling and the laws governing online sports book, casinos, poker rooms and betting exchanges and still wish to continue then read on my friend, you have gotten over the first hurdle. Now that we have you thinking outside the box and have a better understanding on what’s in store for you lets tackle the first and very most important question you would first need answered “Is gambling legal”.

Now this is the most important because if you are thinking of conducting or running 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 directly to jail. 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 license (not the same as a gambling license), you will need hosting and you will need a bank account to hold the money generated from your sports book, betting exchange, poker or casino website. So finding out if gambling 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 gambling, but there are no law against online gambling neither is there a need for a gambling license (more on gambling license later), but you will again have to do your research, if you are serious about running a sports book or any of the other gambling websites, prepare yourself to gather 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.

So this brings us to our next question, licensing, and no its not your drivers license. A gambling license is required to run a betting 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 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 spoke to in tip #1 about this and any other documents you may need to complete this process, ask your local gambling or gaming authorities/associations in the jurisdiction where you plan to run your online gambling website for advise. So remember a gambling license is recommended but may not be required. Tip #2 Visit the local gambling authorities.

By now you should have gathered enough information to get you on the right track and keep you out of jail or worst a state prison.

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 own research? No Joe. That was just information gathering, getting your feet wet, getting to know 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, betting exchange, poker room or casino. Just because you know a little about running a website, the rules and strategies change for each business, and you will definitely need to know about these rules if you are even dreaming of becoming successful in the online gaming and gambling industry. This doesn’t mean visiting all those forums and readings 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 will more than likely lead to the development of one. Getting to know your target market, trends, location, gender, users’ habits, wants and dislikes etc will all help you to become better aware of your strategies and help in your success. So hire a reputable 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 were targeting does not care much for gambling. 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 giants like Microsoft, IBM, Logitech contracts out from time to time. It just means you will need a little more than just yourself in certain areas. Even if you know the gambling 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 need 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 to set you apart from your competition etc. You will most likely need a bookie, bookmaker, (maybe more than one) who knows about bookmaking to set, update, prepare events, lines and odds on your sports book, casino, betting exchange or poker website. So a team or individual staff is definitely a must, but can be inexpensive if you plan properly and consider contracting. Tip #4 Put together a proper team.

Now we’ve touched a bit on your website, but what sort of website or software will you require. The next on our list will be Software. First ask yourself what sort of gambling website will this be; A full Casino, poker, Betting Exchange, sports book or better yet why not all? This is where your research and information gathering comes into play, review ask questions, speak to your lawyer, and make a solid decision. What are the risk factors, who are my competitors, where do you get my line feeds from? Those are all questions that should have been included in your research and answered by now.

After that is settled it is now time to choose a development company that specializes in online gaming (more specific online gambling). Most if not all would already have products readily available that have been tested and will usually do modifications to fit your needs, it is usually more cost effective than having a website developed and put together from beginning to end. Software can range in prices, expect to pay between EUR 10,000 EUR to EUR 60,000 EUR. Some places of interest may be: Playtech (Rated for their Casino software), E-Prompt C’s BetMore – BetMore Software (Rated for its betting exchange & sports book software), Microgaming (Rated for their poker software). Tip #5 Get good software.

Well that should be it. But lets not forget the last and one of the most important on our list “Financing”. Sports book, betting exchange, poker, and casino websites are by far the most expensive business operations you can ever run, and this does not change the facts 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. Speak to your lawyer, speak with your marketing and research team, they will give you pointers to get funding, you will definitely require money to run this business constantly, so find sponsors, investors that will partner with you unless of course you have the cash and is willing to use your own money, Here is a hint you will need more than just EUR 500K EUR. Tip #6 Get funding.

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Shifts In Casino Gambling Trends

The internet’s ability to blur boundaries and society’s acceptance of casino gambling and sports betting ultimately shed light on the inconsistencies and loopholes of American gambling laws. From the makeshift sports book stalls in Nevada, most sports betting activities shifted operations and exploited the possibilities of cyberspace in the mid-1990s. At present, there are numerous online gaming sites catering to sports betting and casino gambling based in countries like Jamaica, Costa Rica, and Ireland.

Despite overseas-based operations, the lion’s share of the revenues and clients of these sites come from American states. In fact, recent studies show that these online casino gambling and sports betting sites earn more than legal casinos operating in Nevada. The profits of online gambling and betting sites are estimated at $70 billion for 2005 alone. This is a staggering amount compared to the reported $2 billion from Nevada casinos. This is enough to overthrow the three-decade reign of Nevada casinos from the 60′s to the early 90′s. Considering that sports book and casino sites have been operating for less than two decades, they are clearly a threat to the thriving Nevada gambling scene.

For decades, Las Vegas is the only place legal for gambling operations. Atlantic City followed suit and made casino gambling legal; the following decades saw the proliferation of state lotteries, card clubs, gaming ships, Indian casinos, and off-track betting salons across the nation. But still, these developments are not enough to compete with online gambling. The industry of online gambling is not even swayed by staunch opposition from legal US casinos. The gambling laws of the United States of America do not help, too. They vary widely from the different states. Most states ban all forms of gambling while some make exceptions. Inconsistencies like these make it easy for online operators to find and use loopholes in the law. The American Gaming Association maintains a defensive stand regarding online gambling. The association pushes for federal laws on the regulation of online gambling. According to them, the unregulated nature of the online gambling industry is its advantage over traditional casinos; regulating it puts both camps on even footing.

But despite this stand, some Nevada casinos are following the old stand-by: if you cannot beat them, join them. November 1998 saw the start of a new trend; traditional casinos started acquiring off-shore online casino gambling companies to improve their profits. An affiliate of the Hilton Hotels absorbed the Australian sports book Centrebet.com. Other Nevada casinos followed and this cycle again spawned a new barrage of debates.

Contrary to their earlier dislike of the online gambling industry, the traditional casinos set their sights higher. They are now pressuring the Congress to pass a law that legalizes online gambling. This is done in an effort to lower production costs; legalization means that they could now shift their operations in the US. Harrah’s and MGM Mirage, the two leading casinos in Nevada and undoubtedly owning their own online gambling sites, lead the casinos in requesting for the regulation of online gaming. Clearly, this move requesting for regulation does not intend to put traditional casinos at par with online sites anymore. The competition shifted between independent online sites and Nevada casino-owned sites. A move to regulate translates to double profits for the Nevada casinos.

Whatever comes out of this new development in casino gambling, gamers are still assured of their gambling fix. Possibly, if the proposed regulation is approved, there would be more security in betting online since it is now under US laws. Like before, casino gambling proves itself to be a dynamic and ever-changing industry.

Gambling – On Being Legal Or Illegal

When the issues on gambling are being raised, the issue on its legalization will never be silenced. There are loads of debates about it weighing which is of really weight: the advantages or the disadvantages of having gambling legal in countries.

Well, there are points to count on and these points come from both sides.

There are claims that when legalized, illegal gambling that lures people to be addicted and have miserable lives would be ignored. For those who believe in this thought, they think that legalizing gambling and whatever forms of it would lead to a more regulated system in a country. Another thing they want to raise is that if legal gambling is established, there would be government-owned gambling venues; this would pull people to support legal games than those that are not permitted by the government. The angle of incurring taxes from gambling would definitely be a help as believed by its proponents.

On the other hand, even though how these contentions try to become strong arguments, there are destroyers of these.

In other countries that do not believe on the benefits of legalizing gambling, they stand with the arguments that if the government opens the door to legalizing gambling, it would just be like teaching citizens to really be into gambling, no matter how legal or regulated it is, it would not lose the fact that it is still gambling, a means of asking people to venture on what they have and try their luck by betting their money or other possessions. This is also a means of luring people to gamble when normally they do not.

There are loads of loopholes pinpointed by those people who are against the existence of the so-called legal gambling. The biggest loophole is that legalizing gambling is like legalizing greed. A government that would allow this to happen would be a very irresponsible one. Instead of encouraging its citizens to be productive in such a way that they would realize what the dignity of work is.

There are portions of the world that embraces legal gambling, there are those which do not believe in the benefits it could give. The choice of being into gambling lies in you as a citizen, as an individual.

Legalization Creates Business Opportunity in Internet Gambling

In Tom W. Bell’s address before the National Gambling Impact Study Commission, he presumed that eventually, internet gambling will be legalized. There are ongoing debates on the advantages and disadvantages of the legalization. It is also studied whether the claim of creating business opportunity in internet gambling is true. But experts say that, sooner or later, other states will also demand the same leeway that is given to Las Vegas in terms of gambling legality.

But even though there are designated gambling sites in the country, the development of technology makes it easier for people to access gambling sites online. In fact, people responded in recent studies that they will not fly to Las Vegas just to play in a legal casino. This is probably the reason why illegal gambling sites and fly-by-night gambling areas in the suburbs are created.

Well-meaning people who want to prevent gambling from being legalized have other interests to protect. Because the internet is readily accessible even to the youth, they fear that legalizing internet gambling might expose the young to early gambling activity. But currently, there are indeed minors who do play in online gambling sites. And there is very little that the government could do because the World Wide Web is too immense a sea of information to be monitored constantly to prevent minors from accessing it.

Another good thing about the business opportunity in internet gambling is that competition will beef up among gambling site operators. Each site will invest in its website and gambling games, making it as close to the physical gambling games as possible. The recreation of the experience in a real casino will become the ideal. And contrary to claims that gambling in one’s home is addicting and dangerous, it is not true. Going to a real casino poses real danger because that place is a controlled, carefully studied layout of making people spend everything that they brought there. Everywhere people go, there’s a slot machine waiting to get played. But if people would rather gamble online, people are still subject to external hindrances such as a crying baby or a spouse warning they’ve to stop after they’ve reached their 8th hour in gambling online.

Legalizing internet gambling is the best way to regulate these businesses. There is nothing much that laws can do in order to curtail gambling online. So instead of inhibiting online gambling, the government must legalize it and regulate it once it has been legalized. For now, they can simply focus their efforts on studying how to legalize the activity in order to generate more tax for developing social services. Once it has been legalized, online gamblers can be assured that this move will encourage more companies to join the online gambling industry.

With enough competition in the field and with regulation from the government, there can really be a lucrative business opportunity in internet gambling. Besides taxes that can help the government earn more, the creation of more gambling sites online will also create business opportunities for many people.

How to Make Easy Money Fast – Try Low-Stakes Gambling

If you are looking for a way to make easy money fast, you can try low-stakes gambling. If you have a problem with gambling, you already know this is obviously not a wise way for you to try to make money. If you are responsible and know when to step away, you can take your money and double it or triple it in mere minutes.

Set hard and fast rules for the amount of money you are looking to win, and the amount you are willing to lose before you even consider sitting down at a gaming table or purchasing a lottery ticket. That is the most important rule that you must always flow when participating in legal gambling, especially if you want a chance at making money. Be very aware that losing money with this venture is also a very real possibility.

If you plan on trying your hand at gambling, the first thing you should do is attempt something you know a little about. If you have never seen a football game, a football sports bet might not be the greatest idea. If you have played a little poker and were successful, you could try playing a in Hold ‘em home game or on an online site. If you cannot afford to lose more than a certain amount of money, do not play with more than that amount.

There are so many different options of ways to gamble legally, so do your research. From Keno to instant lottery scratch off tickets to clot machines and horse races, there are hundreds of ways to win a little money. If you are playing and win a little, walk away. At that point you have achieved your goal of making easy money fast at low-stakes gambling.

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