How Much money you need to become a bookmaker?

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ProfGambler
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ProfGambler

How Much money you need to become a bookmaker?
« on: June 13, 2016, 08:56:55 AM »

Does anybody have rough idea how much starting balance you need to become a bookmaker? Like how much a gambling licence cost in a small island, cost of functional website and cost of employees. Can one start a sportsbook with 1 million $'s in bank account?
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GrayFox
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GrayFox

Re: How Much money you need to become a bookmaker?
« Reply #1 on: June 13, 2016, 11:19:09 AM »

You can get a licence with just 10-15k in some places. Maybe even less in some other "unknown"  places. I have no idea about employees you may need but there are ready platforms online that you pay a fee per head & all the rest they manage it. Even the licence i think as it will be like a label or something.
So to start something maybe it will be enough 1 million but for sure it will be something average & probably the cheap licence will have negative result to your plan.
Good luck.
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daniel
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daniel

Re: How Much money you need to become a bookmaker?
« Reply #2 on: June 29, 2016, 10:44:17 AM »

you have to have much more things not only money, money its the last :)
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Opaque
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Opaque

Re: How Much money you need to become a bookmaker?
« Reply #3 on: June 30, 2016, 01:19:46 PM »

Money its the last?
- Maybe - but still an important part for a busines  ;D
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water_element
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water_element

Re: How Much money you need to become a bookmaker?
« Reply #4 on: July 05, 2016, 03:33:26 PM »

today, its very important to have licence, to operate according to low- and for this you also need money.
and a team of professionals to help you to create smth new, not just copy paste the bookie with different colors and name
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