BETBUTLER, BETCADE, BADUGI ALL FAILED WHY IS IT SO HARD TO START A NEW GAMBLING BUSINESS?
Over the past 3 years or so we have met well over 100+ founders of various startups at multiple conferences such as ICE, EIG or the Amsterdam Affiliate Conference, over coffees after receiving or sending cold emails to “see if there’s any way we can work together”, or at the dreaded pitch events that terrorise conferences throughout Europe to find the next big thing. They're still looking! Myself and my co-founder Ronan have kept note of most of the ones we’ve met or come across and have tracked their success, well mostly lack of, since we stumbled upon their new ventures over the past 3 - 4 years or so. (Note: One key point here is that I'm in no way criticising any of the ideas or companies as we're doing it ourselves in terms of a betting related business. Most are solid ideas and great products but the sector is just a very tough nut to crack. And I'm not saying none will make it.) From what you’ll see below the very sad conclusion to this is that the success rate