How Much money you need to become a bookmaker?
- ProfGambler
- Gaining experience
- Karma: -127
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How Much money you need to become a bookmaker?
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?
- GrayFox
- Has experience
- Karma: 11
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Re: How Much money you need to become a bookmaker?
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.
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.
- daniel
- Gaining experience
- Karma: -10
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Re: How Much money you need to become a bookmaker?
you have to have much more things not only money, money its the last
- Opaque
- Gaining experience
- Karma: 4
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Re: How Much money you need to become a bookmaker?
Money its the last?
- Maybe - but still an important part for a busines
- Maybe - but still an important part for a busines
- water_element
- Gaining experience
- Karma: 3
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Re: How Much money you need to become a bookmaker?
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
and a team of professionals to help you to create smth new, not just copy paste the bookie with different colors and name