Over the last two years, Counter-Strike Global Offensive (CSGO) has become a phenomenon, with the game now available to play on numerous platforms, including mobile phones. An incredible number of people have taken the game up, with it being the most played online game on the Steam platform, with over 500 million downloads, as of January 2021.
The popularity of the game has led to a vibrant community of gamers who now have something to bet on. However, the nature of the game itself presents numerous challenges to those who want to establish a betting site on the subject. In this article, we will discuss the various steps required to create your own CSGO betting site.
Pick A Suitable Platform
CSGO is available for download on numerous platforms, with some platforms being better suited than others for the purpose of betting. For example, native Android apps allow for some interesting features, such as being able to offer some sports, like American football, but not others, like horse racing or baseball. Similarly, Apple Watch and iOS are superb at displaying large amounts of data, but if your goal is to create a betting site, you’ll need to look elsewhere.
Decide On A Business Model
The nature of betting sites makes them particularly vulnerable to abuse. After all, what’s the point in having a betting site if you don’t intend on making any money from it? In order to combat this issue, most betting sites employ some sort of a business model. There are a number of options, with the most popular being betting exchanges. These are platforms where users can place bets on the outcomes of sporting events, with the bets being matched and settled on the exchange, which ensures that nobody is playing with more information than is needed.
Find A Lawyer
It’s no secret that making money online is a very difficult task, and while it’s not impossible, the chances are you’ll need help. One of the most important things you need to do is to find a lawyer who is experienced in dealing with online businesses, and who has sufficient knowledge of gambling laws and regulations. The role of the lawyer is to protect your interests and create a legal structure that allows you to run your company successfully.
Set Up Company Registration
In order to set up a legal business, you’ll need to register your company with the appropriate government agencies. Most countries have legislation that requires companies to be registered, so unless you live in a country where filing a business is not required, this step is highly recommended. The process of getting a company registered is not difficult, but it does require a little bit of research and legwork. One of the most important things you need to do is to set up a company profile, which will include the company name, registered office, and contact details. You’ll also want to set up a legal entity, which is where you attach your company registration numbers. If you need assistance, you can contact your local business ombudsman or attorney. They will be able to help you find the best way to register your company, as well as offer guidance on other legal matters affecting your business.
Secure A House
As a gambling website operator, you’ll be required to hold a license for gaming and lottery machines. In order to apply for and retain such a license, you’ll need to ensure that you have the appropriate security measures in place. In most cases, this will include having a safe in which you can store game coins, as well as a vault for securing important documents. If you are unable to secure a house in which to host your website, you may also want to consider opening an office space, as long as you can show that you are meeting the necessary criteria, you should be able to find a suitable place. The more security you have, the better, as it prevents fraud and abuse. The security measures that you put in place will also determine the level of service that you can provide to customers, so it’s important to find a balance between being able to provide a safe environment for your employees and allowing customers to engage with your site unhindered.
Establish Bank Accounts
As a business operator, you’ll be required to maintain accounts at various financial institutions, including banks. These institutions will be responsible for handling all transactions involving money, and charging you a fee for doing so. One of the most important things you need to do is establish a corporate bank account, as this is where all of your funds will be deposited, and from where all of your payments are made. Setting up a corporate bank account for a brand new company can be a complex process, especially if you need assistance, so ensure that you’re prepared for the challenge ahead.
Contract With Vendors
In order to run a successful business, you’ll need to engage with other businesses, whether directly or indirectly, via third parties, such as contractors, vendors, and suppliers. In the case of Steam, which is a digital distribution platform for video games, these other businesses can be game developers, who supply you with games, or the equipment necessary to play them, such as computers and tablets. In the case of CSGO, you’ll need to contract with online sportsbooks and bookmakers, who provide the platform for betting, as well as the servers necessary to run the site. It is also advisable to engage with a credit rating agency, who can check your creditworthiness and help you get a loan, if needed. Lastly, it’s essential that you engage with a legal firm, who can provide help with company formation and establishment of bank accounts, as well as offer advice on other legal matters affecting your business.
Buy Or Rent Equipment
The final step in the process of creating a betting site is to purchase or rent the equipment necessary to run it. Depending on your budget, you may decide to buy the equipment or rent it, with the choice being largely up to you. If you opt for the former, you’ll need to decide between buying individual pieces of equipment, such as a PC or Mac, or buying a complete set that includes all of the equipment needed, such as an office PC, a router, a web server, and so on. The decision is entirely up to you, but buying individual pieces of equipment is cheaper in the long run and allows for more flexibility, as you can always upgrade or downsize, if needed. However, if you opt for renting the equipment, you’ll need to make a one-time payment to cover the initial cost, plus an additional payment, which covers the cost of utilities, such as electricity.
At this stage, you should have a clear idea of what you need to do in order to successfully operate a betting site for Counter-Strike Global Offensive. If you need help or advice, feel free to drop us a line, and we’ll be happy to help out.