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Unread 17th August 2012, 04:09 PM   #1
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Default How to start your own sports betting site?

Thinking about start a off shore sports betting company. I'm wondering what are the basic things I need to start an online sorts betting company. How much money will it cost? How much will the licensing cost for different country to be able to bet from my website?
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Unread 17th August 2012, 04:13 PM   #2
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Default Re: How to start your own sports betting site?

I would not suggest to start a betting business unless you know someone that knows the industry and the rules pretty well
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Unread 17th August 2012, 04:19 PM   #3
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Default Re: How to start your own sports betting site?

Well, to start you'll need a few million dollars in cash on hand. The only way to attract new players to a sports book is to offer ridiculous, "you'd be stupid not to play here," bonuses. Such as, deposit $100 and receive $200 in free play money!

As far as advertising, you don't need anything different than any other website/business. You should check with a lawyer but you'll have to register/host your business overseas. You'll notice Bookmaker is registered in .eu. And sportsbetting is registered in .ag.

Assuming you're going to follow the trend set by bookmaker, 5dimes, sportsbetting, etc., you can find a decent script that will compare and use the average lines for these sites for less than 5k. I assume you're not going to hire your own lines makers, especially not right away.

Other than the fact that it's illegal in the US, there isn't any difference between owning a sports book and any other business.
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Unread 17th August 2012, 04:22 PM   #4
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Default Re: How to start your own sports betting site?

Starting a business is not easy.. start learning about your preferred niche and when you are comfortable with all the information that you need to start then go ahead...

P.S. I do not have any idea so I am unable to give you specific suggestion. But the general suggestion is your site will have to information that will attract clients.

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Unread 17th August 2012, 04:36 PM   #5
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Default Re: How to start your own sports betting site?

Nice and thoughtful response i am getting here. but can anybody suggest the best sportsbook software to go for?
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Unread 17th August 2012, 04:38 PM   #6
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Default Re: How to start your own sports betting site?

a software called sportsbook i ave seen some where, google it. best luck

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Unread 17th August 2012, 05:27 PM   #7
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Default Re: How to start your own sports betting site?

You should really get to know more about the business that you want to get into. And once you already know how it works, the advantages and disadvantages then maybe you can start building it.. You may want to look in into this one as well Sportsbook Software AG

Good Luck
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Unread 17th August 2012, 05:42 PM   #8
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Default Re: How to start your own sports betting site?

There so many rules, and some companies bans betting websites. You should know each country which does not allow their citizens and not allow those countries to register at your site. You also have to have a very good lawyer in order deal with the possible legal issues. I'm not even talking about the amount of money you need to put in the business in order to get a good starting point. The competition is so tough and good luck in your journey!
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Unread 17th August 2012, 05:55 PM   #9
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Default Re: How to start your own sports betting site?

Make sure you are living offshore where having such a site is legal. 60 minutes showed a segment on offshore betting and the U.S. government has a list of American citizens who are known to be a part of offshore betting sites. People on that list all have warrants for their arrest if they ever set foot on American soil again. Good luck and be careful. You need a good international attorney.
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Unread 7th February 2013, 01:01 PM   #10
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Default Re: How to start your own sports betting site?

Who said costs alot ? If you know the correct people then is piece of cake. If you need help contact me and yes we can setup you less than $20 000 for sportsbet , bingo,casino,livecasino, poker
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Unread 22nd December 2013, 04:55 PM   #11
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Default Re: How to start your own sports betting site?

your-bet.eu - Built your betting site betting site developing company
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Unread 22nd December 2013, 05:39 PM   #12
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Default Re: How to start your own sports betting site?

More that 50% of the people involved in online gambling are dishonest.
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Unread 22nd December 2013, 10:58 PM   #13
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Default Re: How to start your own sports betting site?

Good luck creating a gambling website or any kind without the proper capital.

Not only will you need to have a programmer working for you full time to ensure security of your website, but you'll also need a great script created. You'll probably spend at least $20k getting a good sports betting script creating.

That's just the icing on the cake... you're gonna need a lawyer and people offshore to make this all work. Including accountants, lawyers specializing both in the states and the offshore country you want to work, etc...

Next in order to attract investors and affiliates who will get people to your site you'll need some heavy promotion. This will run at least $1M (in most cases more) in order for you to be successful. So make sure you have the right investors on board who are willing to put that kind of money into your business.

Personally, I'd suggest you stay away from any gambling business. It's not as easy as it sounds and it may end up costing you a lot.

Now don't get me wrong. It is fully possible to start an online gambling business. HOWEVER, you're gonna need to gather a few million from investors and you're gonna run into so many problems with the law. So again, my opinion - stay away.
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Unread 31st January 2014, 12:15 AM   #14
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Default Re: How to start your own sports betting site?

Actually trying to contact Conper about his post but I cannot contact him as I have not posted 15 times.

Would be much appreciated if you could contact me on krasss.com(AT)gmail.com

I am very interested discussing your post further.
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Unread 31st January 2014, 01:47 AM   #15
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Default Re: How to start your own sports betting site?

This is a great niche. I once had a job interview with such a start-up, but they were a bit shady.

And to all those posters complaining about it being illegal, most of the people in this world aren't American! Here in the UK you regularly see betting companies advertising on TV, which proves that it's a $$$$$ niche.

Need LSI Keywords? Try the Niche Laboratory.
Need Forums? Check out FindAForum.
All Out of Ideas? Follow NicheIdeaOfTheDay.
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Unread 31st January 2014, 06:20 AM   #16
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Default Re: How to start your own sports betting site?

if you do not have the connections first, do not go for it. by connections i mean people that are into this kind of business. maybe start over with something small like a legal lucky game -lottery lets say- and then expand ..
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Unread 24th February 2014, 05:21 PM   #17
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Default Re: How to start your own sports betting site?

Yeah, seems to be really expensive to start a sports betting business. Good friends of mine operate sportbars and cafés and some of them use the online sports betting software by SwissLuck (www.swissluck.com). It's an online service offering everything you need to run a betting shop. You should check it out to see if it fits your needs.
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Unread 22nd March 2014, 05:29 PM   #18
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Default Re: How to start your own sports betting site?

Your Web Casino | Start your own betting company today
All details that you need are there. Contact them and tell them what is your plan and they will help .
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Unread 25th August 2014, 05:47 PM   #19
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Default Re: How to start your own sports betting site?

Hello,

First you need to have platform. I suggest to visit:

ChalkPro Sport Betting Platform

they can create you cheap sportsbook with full automation. Or you can purchase open code and have your own platform without all montly expenses.
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Unread 25th August 2014, 07:10 PM   #20
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Default Re: How to start your own sports betting site?

Quote:
Originally Posted by Ben Gordon View Post
Good luck creating a gambling website or any kind without the proper capital.

Not only will you need to have a programmer working for you full time to ensure security of your website, but you'll also need a great script created. You'll probably spend at least $20k getting a good sports betting script creating.

That's just the icing on the cake... you're gonna need a lawyer and people offshore to make this all work. Including accountants, lawyers specializing both in the states and the offshore country you want to work, etc...

Next in order to attract investors and affiliates who will get people to your site you'll need some heavy promotion. This will run at least $1M (in most cases more) in order for you to be successful. So make sure you have the right investors on board who are willing to put that kind of money into your business.

Personally, I'd suggest you stay away from any gambling business. It's not as easy as it sounds and it may end up costing you a lot.

Now don't get me wrong. It is fully possible to start an online gambling business. HOWEVER, you're gonna need to gather a few million from investors and you're gonna run into so many problems with the law. So again, my opinion - stay away.
Then just to add onto this

You will need full time punters explaining the systems they have used to lower there losses which have already be fine tuned and made impossible by companies such as bet365 etc...

I hope you know when to drop your odds to...

Dont forget customer service support, trust me, one person on the end of the phone or email will not be enough.

I think Ben was quite polite when he said a programmer for security, you will need a dedicated team (persons) to fine tune out your security flaws.

Server up keep, server security, incentives, traffic etc....

If you haven't got some serious capital behind you and since you are asking here how to do it, you haven't got that capital, I would crack on with something else .
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Unread 25th August 2014, 07:27 PM   #21
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Default Re: How to start your own sports betting site?

Step 1) Consult a lawyer
Step 2) Consult a lawyer
Step 3) Don't consult a forum about such a highly regulated and possibly risky business segment

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Unread 27th August 2014, 05:18 AM   #22
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Default Re: How to start your own sports betting site?

Quote:
Originally Posted by mattmajernik37 View Post
Use google for this.There is many information
He asked this question in 2012 (and hasn't even been here for over a year, now). Call me a skepchick, but I can't help wondering whether someone advising him, two years later, to "use Google for this" really demonstrates the Warrior Forum quite at its best and most helpful???

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Unread 20th September 2014, 02:48 PM   #23
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Default Re: How to start your own sports betting site?

Hey guys,

I've followed this topic for a while now. Some of you might be interessted in starting your own betting business.

I'm one one the founders of BetHero. We have faced the same hurdles and decided to craft our own solution. Now we provide our software service for other people as well.

With BetHero, everyone can start their own betting shop in minutes. We provide everything what upcoming betting shop owners need to be successful:
- High quality odds and events
- Easy to use betting interface
- Intuitive cashier system
- Shop management cockpit

We offer free trial for our service and charge NO setup fees!
Furthermore, we offer high security and anonymity for player and shop owners. All data is encrypted and hosted abroad.

Learn how you can start a betting shop in minutes at Start your profitable Sports Betting Shop now | BetHero
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