Looking to start an online business?
Everyone has been spending tons of time online the past year. One of the fastest growing industries without a doubt has been gambling. Revenues have been skyrocketing in many countries.
Lockdowns have led to more people gambling online, but that’s not the only reason.
A lot of countries or jurisdictions within countries have been legalizing online gambling. Nearly half of the U.S. states have legalized online betting in the last couple years.
With billions of dollars in annual turnover and hundreds of millions in profits up for grabs, you can carve out a small niche in this industry while remaining completely anonymous.
What’s Needed to Start a Sports Betting Business?
Starting an online business as a bookie is actually quite simple and affordable.
These are the things you’ll need to give this online business a chance:
● Bankroll: Like most businesses, you will require some money to start a bookie. However, the amount of money you need is a lot less than many people assume.
The main thing you need money for when starting out as a bookie is to pay your players if they win.
Yes, your players are going to win some weeks and you’re going to be paying them out. Make sure you have money on hand to pay them quickly. Don’t expect player losses to always exceed winnings.
● Pay Per Head Service: You need to join a pay per head (PPH) service, as these services will provide new bookies with the software, website and expertise to run a bookie.
You’ll be able to open accounts for your players. They’ll be able to sign-in to those accounts by visiting your website. From there, players will be able to bet on sports, casino games or horses.
PPH services create and maintain the betting odds. They also grade all of the bets instantly.
● Ambition: You need to have ambition and be motivated to succeed. Opening a bookie is the easy part. The hard part is finding active players that will remain loyal.
Without guys betting on sports, you’re not going to be making any money.
Make sure you have time to commit to your new online business daily. This doesn’t have to be a full-time job right out of the gate, but you’ll need to commit some time to this endeavour.
Is This Online Business Legal?
While it’ll depend upon where you live, being a bookie can be a legal profession.
However, most online bookies utilizing PPH services operate without a license. However, with your website being hosted offshore, you don’t need to worry too much as long as you’re smart.
Don’t leave a paper trail showing you sending money to your players. Use cash or cryptos to mask where the money is coming from and to remain as anonymous as possible.
How often do you hear of a small local bookie being charged in the US? It rarely happens unless a bookie becomes too big. Just keep your head down and don’t draw attention to your business.
More payperhead tips:
A1PPH Highlights Your Strengths and Transforms Your Weakness in Bookmaking
Buffer Zone Establishment for Your Clients
Enduring Qualities of Bookies and Pay Per Heads
Vast Online Casino Options For the Crowd Adverse
Why choose A1PPH