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.So you see it’s not rocket science but it goes without saying with my final Tip to you: “Don’t fail to plan, it would only lead to you planning to fail”.Good luck!
The tree of gambling is growing and its roots expanding day by day. While few decades before the tree was deemed as a weed and left unattended, in recent years it has received immense attention and nourishment from different countries of the world. This is mainly because of two interrelated reasons- the alarming rate at which the gambling tree is bearing fruits in the form of revenue and the its unfailing involvement with people.At present gambling is legal in several corners of the world. It is lately declared lawful in some of the Asian countries. As a result new resorts that are open to all are built at these places. For instance the city of Cambodia has come up with the Ho Wah Genting Poipet Casino Resort that bills itself as the Las Vegas of the East. The casino offes all the delightful games such as B6 Baccarat, Mini Baccarat, Blackjack, Casino War etc. In the Indian subcontinent there are six casinos in goa out of which 5 are slots-only establishments. The one full serving casino of this place is an off-shore casino on atwinn engine catamaran, Casino Goa. It is a lifetime experience to visit and play at this floating casino that offers a bar, a swimming pool and a great restaurant featuring a multi-cultural cuisine.One such similar yet unique experience is at the casinos of hongkong. The reason being the construction of Hong Kong casinos on ships, either in port or as casino cruises. However it seems that water and casinos share a good liaison for the only casino in Laos, the Dan Sa Vanh is located along the Nam Ngum Lake. Besides gambling the other activities at the casino include boating and golf.Gambling is made legal and so there are around 15 casinos owned and run by ht e government in Philippines. Out of these the Fontana Resort is not for the local people of this place but only for the foreigners.If you are looking forward to delight in the beauty of snow capped mountains along with playing your favorite games such as Caribbean Stud Poker, Keno, Money Wheel, Pai Gow, Roulette, Blackjack etc., the Genting Highlands, Kuala Lumpur, Malaysia is just the ideal place to hit. Besides being an acclaimed tourist spot, the Genting Highlands, by virtue of these casinos are quite popular in the gaming world.Lotteries and lottery related games are quite significant and greatly relished on the land of South Korea. South Koreans have an immense liking for lottery games. This can be well assessed from the fact that South Africans are the pioneers of online gambling, they had introduced in 2002. Along with it a new lottery game which is akin to financial winner, the Sports Toto is a gift to the gambling world by South Korea. But this place is not all about lotteries. There are other forms of gambling too such as horse racing and cycling.Though legalization of gambling in various corners of the world is at a surge these days, yet gambling should be done within limits. Addiction of gambling is extremely fatal to the life of the gambler and his family.
It was only a matter of time before online casinos started giving live casinos a run for their money. We are not there yet but I would bet we are getting very close. Online casinos have increased the types of games they provide to match what live casinos can offer. From poker to sports betting, every gambling activity seems to be online.Most proponents of online gambling claim that online gambling is just as safe, if not safer, as gambling in known casinos in Las Vegas and Atlantic City. Just like the live casinos, online casinos are required to have their licenses and permits before engaging into online gambling.Online casinos are regulated and audited by professional firms. All online casinos use the secure e-cash facilities, in cooperation with the credit card companies, so that the customers are being protected from unauthorized use of credit cards or from cases of identity theft, which is the main concern of the public.Many people believe that online gambling offers more entertainment for their dollar. Most online casinos offer huge cash bonuses to entice people to sign up and play. These bonuses are usually in the range of $100 to $300 for a $50 deposit. I have never seen a live casino offer that to a customer and I do not think I ever will.I think a concern out there is the convenience of online gambling and how easy it is to sit at your computer and gamble for hours. 10 years ago people who wanted to gamble had to hop a flight to either Vegas or Atlantic City, now they do not even have to leave their homes.One downside with gambling online is if you do win the payouts can take a few days. I believe this takes the thrill away of seeing you winnings paid out directly into your hand.
Another downside has to be the potential for fraud. Most payments are made by credit card and no matter how secure the server is fraud still happens out there.These two concerns obviously have not scared the people away. There are record numbers every year spent on gambling online and it has increased every single year since 1995. In a thriving business, such as online casinos, if there are concerns out there they will be dealt with quickly just to make sure the people and their credit cards keep coming back