3 ms·

I'll give you a few tips that will make you rich, listen carefully. Let people bet with paypal in every prediction, just $1 per bet. Winners share the pot and

I'll give you a few tips that will make you rich, listen carefully. Let people bet with paypal in every prediction, just $1 per bet. Winners share the pot and you keep 5% of proceedings. Make a triple choice so odds are more distributed Yes,No,Tie and use simple icons for one-click-bet (like digg). Put sports, lots of them (but don't over saturate). Keep it simple as it is right now. Put a section at the top with the top ten predictions by bets, for marketing (one million dollars bet on obama/mccain will draw a lot of attention). You will charge for VIP accounts a year later for extra services but you won't need that money, you'll be rich already. Good luck and remember me if you hit the jackpot. I know you will!

krschultz 18y ago
That is how you will make money - gamblers love it - but I do think it would be illegal if you made any kind of headway. Isn't this like off track betting? You need to host from a place in which it is legal to do that.
mtts 18y ago
Of course in order to do this the guy will need to move to Malta or some other jurisdiction where online gambling is legal, but other than that you're spot on.
- Kilimanjaro 18y ago
  I believe internet gambling is allowed in Antigua and some other caribbean islands
Kilimanjaro 18y ago
More tips: Don't let people post predictions to the front page, you be the filter and the editor, you are the decider. Let people buy 10, 20 or 50 "tokens" to fill their account so they don't have to go through paypal everytime they bet. Allow a maximum of tokens per certain period of time (100 a month) so people don't get addicted and ruin your site with lawsuits. Also, keep suspicious "winners" at bay with algorythms. Pay prizes directly to users accounts (not back to paypal) so they "reinvest" again playing, so the money is always in your control and you will make lots of money in interests, (you could give away your comission if you want so the whole pot goes to the players). If they decide to cash out, send the money to their paypal account. Not everybody will, so less overhead at the end.
- Kilimanjaro 18y ago
  One last tip: If paypal is not an option try SMS 1-800-FOOBET * ITEM * USERID * 1|2|3 $1 per SMS, work it out with the telcos. SMS is the new micropayment, believe me.
- 0x44 18y ago
  To take the token idea further, make sure it's impossible to evenly divide tokens by an action. For instance, if $10.00 purchases 1000 tokens, charge 150 tokens for each "bet".

krschultz 18y ago

That is how you will make money - gamblers love it - but I do think it would be illegal if you made any kind of headway. Isn't this like off track betting? You need to host from a place in which it is legal to do that.

mtts 18y ago

Of course in order to do this the guy will need to move to Malta or some other jurisdiction where online gambling is legal, but other than that you're spot on.

Kilimanjaro 18y ago
I believe internet gambling is allowed in Antigua and some other caribbean islands

Kilimanjaro 18y ago

More tips: Don't let people post predictions to the front page, you be the filter and the editor, you are the decider. Let people buy 10, 20 or 50 "tokens" to fill their account so they don't have to go through paypal everytime they bet. Allow a maximum of tokens per certain period of time (100 a month) so people don't get addicted and ruin your site with lawsuits. Also, keep suspicious "winners" at bay with algorythms. Pay prizes directly to users accounts (not back to paypal) so they "reinvest" again playing, so the money is always in your control and you will make lots of money in interests, (you could give away your comission if you want so the whole pot goes to the players). If they decide to cash out, send the money to their paypal account. Not everybody will, so less overhead at the end.

Kilimanjaro 18y ago
One last tip: If paypal is not an option try SMS 1-800-FOOBET * ITEM * USERID * 1|2|3 $1 per SMS, work it out with the telcos. SMS is the new micropayment, believe me.
0x44 18y ago
To take the token idea further, make sure it's impossible to evenly divide tokens by an action. For instance, if $10.00 purchases 1000 tokens, charge 150 tokens for each "bet".