Bookies marginals

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maletaja
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maletaja

Bookies marginals
« on: June 12, 2016, 02:03:04 PM »

Can anybody tell about business inside? During last year several bookies applied licence to get actions in my country .Usually there are sportsbook and casino not poker
How much money you got to have to enter sportsbook business?Do they rent some "skin" and things are more easier
There should be reason why so much sportsbook trying to start business
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Thordin
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Thordin

Re: Bookies marginals
« Reply #1 on: June 12, 2016, 03:42:40 PM »

should be very easy to become a betcontruct partner. Vbet clone.
Oddsmatrix partner should be easy also.
Or make your website and licences from scratch and get odds from betradar.
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De Graaf
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De Graaf

Re: Bookies marginals
« Reply #2 on: June 12, 2016, 06:13:15 PM »

Read the laws of the country related to gambling.  (the country you get the license from)

Random example: Macedonia, small country in the Balkans, requires 500k for license, 3 m in a designated bank account, the amount of said account required to be 3m at the minimum in intervals of 24 hrs. this is for proper operating, such as payments.There are other smallish fees and a lot more technical regulations.

Even though the example is rather uncommon and not very helpful due to other details, learning about laws and regulations will definitely aid in answering some of the questions you have.
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maletaja
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maletaja

Re: Bookies marginals
« Reply #3 on: June 12, 2016, 07:27:24 PM »

So they have to pay 500k for every country? My humble guess-office, skin, 4-5 workers isnt large investment at all. Lets add up promos cost


How about profits? What should be bookie revenue to be profitable...
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joker9424
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joker9424

Re: Bookies marginals
« Reply #4 on: June 12, 2016, 09:07:37 PM »

A bookie in order to be profitable has to attract gamblers and avoid professional players
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my_username
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my_username

Re: Bookies marginals
« Reply #5 on: June 13, 2016, 11:13:35 AM »

you also need money to cover the bets, ie liability

unles you are going to be deposit only bookie, in which case you don't need a lot of money do you
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joker9424
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joker9424

Re: Bookies marginals
« Reply #6 on: June 13, 2016, 11:26:37 AM »

You can't simply invest 500k or 1000k in a business you dont know cause you are going to loose your money.
Odd's providers are going to bullshit you about profits.
How many of you are willing to buy an Oddsmatrix license and skin for example?
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