| Posted by: K_Kahne_Fan at November 12, 2007, 7:19 pm | | Topic: Opening a Poker Site Forum: Card Chat |
Quote: Originally Posted by arahel_jazz
The free $10 is like play money....
Not really. If you have 10K members and you offer a $10 bonus to your next 2500 members; if your original 10K members take that $25K from the new members (probably donks), you better have the $25K to pay the old members the money they rightfully won from the new players. All monies deposited, no matter the method, needs to be able to be funded.
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| Posted by: wsorbust at November 11, 2007, 11:19 pm | | Topic: Opening a Poker Site Forum: Card Chat |
I honestly thought he was talking about making a website at first, then people started posting about software and such. Looking back, what individual who would want to open an online gambling site with program would come here to ask for info? Makes me weary, but it would take a group of investors, or a enture capatilist at least. But I definitely think he wants to make a site similar to this one.
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| Posted by: OzExorcist at November 11, 2007, 10:28 pm | | Topic: Opening a Poker Site Forum: Card Chat |
Quote: Originally Posted by andrew01
You will probably need to spend another couple of hundred thousand (maybe even more) to get some good advertising to spread the word about your site.
Fixed your quote for you
Marketing is seriously, seriously expensive. You could do it on the cheap, but it probably wouldn't get you far. Competing with the Full Tilts and PokerStars of the world would set you back some serious, serious money: player endorsements, event sponsorships, bonuses and online advertising, print advertising... none of this stuff comes cheap.
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| Posted by: arahel_jazz at November 11, 2007, 5:01 am | | Topic: Opening a Poker Site Forum: Card Chat |
Quote: Originally Posted by zachvac
<snip> (for example duplicate poker is giving a free $10 to anyone who gets an account, if you do something like that everyone would at least try it out, and if you can get them hooked, the ones who bust may reload. <snip> .
The free $10 is like play money. I doubt you could ever withdraw it, and they will make it back in rake well before you get to a significant bankroll to withdraw. Most folks will roll it right back into the site. And then a pretty good majority will redeposit real funds.
Good marketing strategy in my book.
BTW - as to the topic. Make sure you either know networking and network security, or hire someone (after a thorough background check) that does know it. Your site needs to be highly available to the network, and just a Dell server with an RNG won't cut the mustard.
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| Posted by: Cheetah at November 11, 2007, 2:42 am | | Topic: Opening a Poker Site Forum: Card Chat |
Quote: Originally Posted by bubbasbestbabe
Just make sure it has a great name. Something like Big Juicy Odds does not make me want to play there.
How about "Tiny Terrible Odds" instead?
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| Posted by: Cheetah at November 11, 2007, 2:39 am | | Topic: Opening a Poker Site Forum: Card Chat |
Quote: Originally Posted by zachvac
I've actually considered writing my own poker software as well, just for fun. The toughest part IMO is the RNG. The rest of it's pretty basic.
zachvac, for fun software you can use any RNG (Random Number Generator). No one is going to try to break it when there are no benefits to them.
I have used RNG libraries with quality that is the same as what the poker sites use. All you need is to call the appropriate routines in these libraries. If you need details, PM me and I will give you details. Or start another thread for that topic. I don't want to discuss this here since I don't want members to start dying of boredom.
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| Posted by: andrew01 at November 11, 2007, 2:25 am | | Topic: Opening a Poker Site Forum: Card Chat |
Don't forget about advertising afterwards. That will be a BIG factor in getting your business to be successful. You will probably need to spend another couple thousand (maybe even more) to get some good advertising to spread the word about your site.
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| Posted by: combuboom at November 11, 2007, 2:12 am | | Topic: Opening a Poker Site Forum: Card Chat |
Quote: Originally Posted by arkadiy
What are the odds he wants to open an online casino?
1.01:1? he said "site/room". also he talked about "finding information on it", which i doubt he'd really need to do to start a forum or something
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| Posted by: bubbasbestbabe at November 11, 2007, 1:23 am | | Topic: Opening a Poker Site Forum: Card Chat |
Just make sure it has a great name. Something like Big Juicy Odds does not make me want to play there.
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| Posted by: arkadiy at November 11, 2007, 1:10 am | | Topic: Opening a Poker Site Forum: Card Chat |
Quote: Originally Posted by dakota-xx
It did cross my mind.. but I thought surely he wouldn't come to a competitor and ask for help lol.
What are the odds he wants to open an online casino?
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| Posted by: dakota-xx at November 11, 2007, 12:59 am | | Topic: Opening a Poker Site Forum: Card Chat |
Quote: Originally Posted by arkadiy
Did anyone even think he could be talking about a WEB SITE?
It did cross my mind.. but I thought surely he wouldn't come to a competitor and ask for help lol.
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| Posted by: KingCurtis at November 10, 2007, 2:20 pm | | Topic: Opening a Poker Site Forum: Card Chat |
If you do start a poker site have a 10,000$ + freeroll for CC, or give us all a 50 $ sign up no deposit bonus lol
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| Posted by: zachvac at November 9, 2007, 11:12 pm | | Topic: Opening a Poker Site Forum: Card Chat |
I've actually considered writing my own poker software as well, just for fun. The toughest part IMO is the RNG. The rest of it's pretty basic. Of course once you have software, you still have to be able to move out of the country (if you're in the US), market your product VERY well, probably give out bonuses and such that lose you money in the short run but win you money in the long run (for example duplicate poker is giving a free $10 to anyone who gets an account, if you do something like that everyone would at least try it out, and if you can get them hooked, the ones who bust may reload. Just remember that there are already sites out there offering 100% and sometimes more bonuses, so you would be competing with them as well (full tilt mainly comes to mind). Good luck.
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| Posted by: Cheetah at November 9, 2007, 9:56 am | | Topic: Opening a Poker Site Forum: Card Chat |
Quote: Originally Posted by beanaddict
(Calvin Ayre)
This was an interesting 2 page read http://www.forbes.com/free_forbes/2006/0327/112.html
Quote: Originally Posted by wsorbust
I do believe I just read he has been back to Canada, even though he settled an insider trading case against him nearly ten years ago. Looks to be in the clear to me.
Yes, the article provided by beanaddict mentions that. And that case is not even related to gambling.
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| Posted by: wsorbust at November 9, 2007, 9:49 am | | Topic: Opening a Poker Site Forum: Card Chat |
I do believe I just read he has been back to Canada, even though he settled an insider trading case against him nearly ten years ago. Looks to be in the clear to me.
Setting up a company, software and actually getting it going will be a huge expense IMO. Not to mention legal fees, copyrights, patents, lawsuits .. .etc.
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| Posted by: Cheetah at November 9, 2007, 9:48 am | | Topic: Opening a Poker Site Forum: Card Chat |
Quote: Originally Posted by akrocket82
Hey Guys,
I'm looking into opening my own poker site/room possibly in the next year or two, I've already found alot of information on it, but I need much more, if anyone is knowledgeable on the subject or knows where to get more information, could you please PM me or post on here.
Thanks!
akrocket82, the main issues to address are software, jurisdiction and marketing.
As far as I know, you basically have 3 options regarding software:Get a skin in an existing poker networkSelect software from an existing poker site developer, and license itGo all the way and develop your own softwareWith 1), you basically become a marketing person for that network. It is ery cheap to start, you have no software issues to deal with, you have poker game activity from the network, but you have ery little flexibility and earn less.
With 2), your troubles are considerably more, including software, getting olume, and so on.
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| Posted by: Cheetah at November 9, 2007, 9:20 am | | Topic: Opening a Poker Site Forum: Card Chat |
Quote: Originally Posted by aliengenius
Yeah, ask billionaire Calvin Ayre (founder of Bodog) when the last time he isited his native Canada was...
What evidence do you have that he is in trouble in Canada?
It is true that there are laws prohibiting businesses to engage in gambling, but Bodog DOES NOT accept Canadian residents. So he is not iolating any Canadian gambling laws.
Also, unlike the US, any other country (except the Philippines, I think) doesn't tax its citizens if they are not resident in their country. So he is not iolating any tax laws either.
He even has real estate in Canada. Why would he have assets in Canada if he thought he was breaking any laws?
If you know something I don't, I would like to hear it.
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| Posted by: beanaddict at November 9, 2007, 8:28 am | | Topic: Opening a Poker Site Forum: Card Chat |
Quote: Originally Posted by aliengenius
Yeah, ask billionaire Calvin Ayre (founder of Bodog) when the last time he isited his native Canada was...
(Calvin Ayre)
This was an interesting 2 page read http://www.forbes.com/free_forbes/2006/0327/112.html
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| Posted by: aliengenius at November 9, 2007, 7:32 am | | Topic: Opening a Poker Site Forum: Card Chat |
Quote: Originally Posted by Night Prowler
Yea it sounds like a lot of money and trouble just to get started.
Seriously? I have (almost) that much unsecured credit in my wallet right now...
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| Posted by: wsorbust at November 9, 2007, 6:17 am | | Topic: Opening a Poker Site Forum: Card Chat |
I believe Bodog's licensed by UK and CR governments. I'm not sure where they actually do business and call headquarters.
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| Posted by: Cheezymadman at November 9, 2007, 5:58 am | | Topic: Opening a Poker Site Forum: Card Chat |
Costa Rica should be considered out of bounds, it's a US territory.
EDIT: I'm thinking of Puerto Rico. Nevermind.
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| Posted by: DaFrench1 at November 9, 2007, 5:55 am | | Topic: Opening a Poker Site Forum: Card Chat |
Quote: Originally Posted by Crummy
Jurisdiction License Fee:
Anjounan - $17,500 + $10,000 Legal Fees
Grenada - $40,000 + $20,000 Legal Fees
Antigua - $75,000 + $10,000 Legal
Mohawk Territory (Canada) - $10,000 + $15,000 Legal
Costa Rica - $100 + $5,000 Legal
Alderney - $75,000 + $10,000 Legal
Panama - $60,000 + $20,00 Legal
Costa Rica it is then!
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| Posted by: aliengenius at November 9, 2007, 5:38 am | | Topic: Opening a Poker Site Forum: Card Chat |
Yeah, ask billionaire Calvin Ayre (founder of Bodog) when the last time he isited his native Canada was...
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| Posted by: OzExorcist at November 9, 2007, 5:30 am | | Topic: Opening a Poker Site Forum: Card Chat |
Quote: Originally Posted by Cheezymadman
...What?
There's a reason none of the poker sites are hosted in the US, and it ain't just tax. Operating a poker site in the US is illegal.
For what it's worth, it's illegal in Australia too
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| Posted by: Cheezymadman at November 9, 2007, 4:41 am | | Topic: Opening a Poker Site Forum: Card Chat |
Quote: Originally Posted by aliengenius
Also, don't forget that you will have to move out of the country and will probably never be able to come back to the United States.
...What?
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| Posted by: aliengenius at November 9, 2007, 4:21 am | | Topic: Opening a Poker Site Forum: Card Chat |
Also, don't forget that you will have to move out of the country and will probably never be able to come back to the United States.
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| Posted by: Crummy at November 8, 2007, 11:45 pm | | Topic: Opening a Poker Site Forum: Card Chat |
The better the site, the more cost your going to have. I've actually thought about doing the same thing. Here is what I came up with last I checked.
First off you have to have an offshore gambling license. This is a decent fee (I listed below). Then you have to have a program, or pay a company to build you the software for you. This can cost anywhere from $100,000 - $500,000 depending no how in depth you go, how nice it looks ect....Not to mention that when you first open your not going to make money, because you have to pay you debts for one. Also a HUGE thing...You have to have money in your bank to pay out all of the money your customers will be winning. Once your debt is paid and you get more customers you will start making money. Just like ANY business you WONT make money day one, hell maybe not even for a couple of years.
The biggest thing that will help you is you have to have great promotions and the best in customer support. If people have problems they will not come back.
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| Posted by: akrocket82 at November 8, 2007, 7:16 pm | | Topic: Opening a Poker Site Forum: Card Chat |
Hey Guys,
I'm looking into opening my own poker site/room possibly in the next year or two, I've already found alot of information on it, but I need much more, if anyone is knowledgeable on the subject or knows where to get more information, could you please PM me or post on here.
Thanks!
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