January 16, 2017, 09:44:22 PM
News: If it is not in arbusers, it doesn't exist.

How Much money you need to become a bookmaker?

Pages: [1]
« previous next »
Author Topic: How Much money you need to become a bookmaker?  (Read 956 times)
ProfGambler
Newbie
*

Karma: -128
Posts: 58


View Profile
« 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?
Logged

MaxShalamar
Pro
*****

Karma: 27
Posts: 1424


Not a pro :D


View Profile
« Reply #1 on: June 13, 2016, 10:40:22 AM »

The only figure I know is from about 30 years ago in the UK - if someone wanted to open an independent shop then they needed £750k in liquid assets just to get a licence - I suppose the rules have changed these days with the internet judging by all the dodgy bookies
Logged

GrayFox
Has some experience
**

Karma: 9
Posts: 162


View Profile
« Reply #2 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.
Logged

daniel
Newbie
*

Karma: -11
Posts: 68



View Profile
« Reply #3 on: June 29, 2016, 10:44:17 AM »

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

Opaque
Newbie
*

Karma: 1
Posts: 22


View Profile
« Reply #4 on: June 30, 2016, 01:19:46 PM »

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

water_element
Newbie
*

Karma: 0
Posts: 24



View Profile
« Reply #5 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
Logged

Pages: [1]
Print
« previous next »