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How Much money you need to become a bookmaker?

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ProfGambler
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How Much money you need to become a bookmaker?

Mon Jun 13, 2016 7:56 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?
GrayFox
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Re: How Much money you need to become a bookmaker?

Mon Jun 13, 2016 10:19 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.
daniel
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Re: How Much money you need to become a bookmaker?

Wed Jun 29, 2016 9:44 am

you have to have much more things not only money, money its the last :)
Opaque
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Re: How Much money you need to become a bookmaker?

Thu Jun 30, 2016 12:19 pm

Money its the last?
- Maybe - but still an important part for a busines  ;D
water_element
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Re: How Much money you need to become a bookmaker?

Tue Jul 05, 2016 2:33 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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