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Starting a Sports Betting Business
Starting a Sports Betting Business
55 s5 expert advice23,866 views
Starting a sports betting in the United States is risky since it is illegal in most states. Since it is illegal to bet on sports in most states in the United States, you must consult first the services of a lawyer to make sure that it is legal to start a sports betting business in your state.
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You can also directly ask your city hall if it is illegal to start a sports betting business in your local.Betting on sports can be sometimes confusing because sports books have their own terminologies. Familiarizing your self with these terminologies before even starting your sports betting business is a must. Some of the terms used in sports betting are the following:
Action this is actually the act of betting. This is derived from I want in on an action or Show me where the action is.
Handicap this means giving points to a team to give advantage to another.
Handle – is the total money wagered.
Sports book this is another term for a sports betting business. This is also known as book.
Bookie this is an individual who takes bets.
Juice this is the profit of the bookie.
Once you have familiarized your self with the majority of the terms used in sports betting, you are now one step closer in actually starting your own sports betting business.
Seek advice form the expert. This will help you in learning the dos and donts in doing a sports betting business. But never expect your competitors to give you a good advice because that will be the last thing that they want to do. But if they do give you a good advice, that would mean less profit for them.
In the event that you do not want to establish a physical sports betting business, online sports betting is an option to consider. But just like a normal sports betting business, online sports betting also need to follow certain legalities. Make sure that if you choose to start an online sports betting business, your business should meet all the requirements as prescribed by the law. This will save you in case of trouble in the future, or it can even prevent troubles regarding the legality of your sports betting business from actually happening.
Sports betting business can be profitable but alongside with that is the risk of being in huge trouble if your sports betting business is illegal. Some people consider sports betting as an art because it involves complex processes and techniques that take time to actually learn and master. Without having enough knowledge in sports betting you would end up being unsuccessful that is why it is very important to know most, if not all, of the things involved in sports betting or alternatively you can hire somebody who will run your sports betting business for you.
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55 sbutta said on September 4, 2012I’m trying to start my own sport betting program….Didas Byaruhanga said on March 20, 2013I am in Kampala, country Uganda in East Africa. There is No ban on Betting websites in my country .I have a good experience in the administration and operating of a sports betting business in my country Uganda. It’s very Easy to get a license here, and the taxes are low. so any one interested can come and partner with me and we do this profitable business in Uganda. Reach me through my day time contact +256788707229,or my email didasderrick@yahoo.comKATO ANDREW said on March 25, 2013Earning money through bulk sms in uganda is easy, any one interested, contact me via 256791192192 kampala, uganda, EA, THANKSroni said on May 13, 2013i am trying to open sport betting but i don’t know how much money it takes to start sport betting any one who know this basic things i need advice plzletlhogela Mokgara said on December 4, 2013good day. hope you are well. all i need to know is what are the steps to follow when one wants to start a sports betting business, where to go for a license, is it a profitable business to have and can it offer more job for the young ones here in soweto?Zorair Asatur said on January 12, 2014Hi everyone. I work for a company named Betconstruct. I am one of the senior sales managers. Anyone interested to open up a betting business (specially in Africa)can contact me. I will provide all the required information. My personal mail is a_zorair@hotmail.com, contact me whenever you like.Zorair Asatur said on January 12, 2014@Roni, can I have your email address or skypename?amale steven said on January 14, 2014i want to start a sports betting business in uganda where can i get the softwares and hardwares to run the business anyone who can help email me at amalestev@gmail.com will pay you.don said on September 2, 2014Hi @Zorair, pls i’m interested in setting up sport betting company in Naija can u pls help me with proposal or a guide that can put me through. thanks Donvin said on October 21, 2014Hi I am from uganda I want to start my own betting business whoever is interested write me on my e mail bhavin_wellstar2010@yahoo.comroni said on October 30, 2014Hi I am in Uganda I want to open sport betting business. Any one who want partner or any one who have knowledge how to get the license plz contact me through my email address robelk19@yahoo.comjerry said on November 12, 2014I am planning to open a sports bet company in South Africa, Mpumalanga Province. I am looking for an experienced consultant residing in South Africa, preferably in Pretoria, contact me at jbmahlangujb@gmail.comogasky said on December 28, 2014hi, am in Nigeria and I intend opening a sport betting website in Nigeria with low capital. I need a detailed guide on how to go about it and how to get a relatively good sportsbook software to launch out. You can reach me on onoseogaga@gmail.com thanksIan said on January 2, 2015I have a fully licensed Sports Betting Company in Nairobi – Kenya that I would like to sell. Any interested party please contact me directly on +254721516866 OR iannjage@gmail.comSifiso said on January 6, 2015Hey ladies and gents, i’m a young guy at South Africa in pretoria and i dream of establishing my own spots betting business due to the potential I’ve seen in the market. Anyone who could help me about licensing. Plz help by contact, 0797216522 or by email Sifiso.sambo@nokiamail.comGeoftrey said on January 25, 2015Hi every one out there, i need a partner whom i can open up a sport betting Company in Uganda .The partner in question will take care of operational License and any other operational cost for opening shops and office. then personally i will provide Platform with latest technology , software and all the games that are on the market demand including virtual. Please interested contact me on nyepuganda@yahoo.com or call me on +25672937724Geoftrey said on January 25, 2015Hello every one , I am in Uganda i need to open a sports betting company in these countries below, Uganda Kenya, Tanzania Rwanda Central Africa or wesst Africa Ghana and Nigeria. The Partner will take care of all the locals costs ( operational License , operational costs and any other cost involved locally. i will take care of the Platform system software, with all the games games needed on the local market. Also if the already existing license and you need to change the platform to the one that is on on international standard please you are well. i believe we can strike a life time deal please reach me on nyepuganda@yahoo.com or +256772937724Sifiso said on January 31, 2015Hey people to those who lost contact with me on sifiso.sambo@nokiamail.com before we finished business i am sorry my email address was destroyed. Please contact me on Bandile.sambo@yahoo.com if we previously had contact with me on the above mentioned address. Or if you have knowledge with sports betting shops and market specifically in South Africa please contact me, mostly i’d love to know where I can find licensing for my business. Contact me pls 0797216522, or Bandile.sifiso@yahoo.com thanks. I’d love to hear from you soon guys. regards, sifiso samboSolomon said on February 12, 2015Hi! I’m Solomon from Ghana and looking to start a Sport betting company in Accra. Have a low starting capital and I’m looking to make a slow start with the business till it matures. I kindly need guidelines from anyone. My email address is niipapic@gmail.com
Thank youMaxwel Innocent said on March 15, 2015Hello, I really want to start my own sport betting business, in Nigeria. anyone with useful information should pls contact me as soon via my email slyderxs@gmail.comBernard said on June 25, 2015Hi everyone I want setup some small sporting business in Ghana and I have low capital to start so please anyone with useful information can contact me via this email nunoobernard@gmail.com.Thank youDammo Kouassi Serge said on June 30, 2015Good news for those who want to start a sport bet business: we have complete sportbook and software, i’m a citizen of ivory cost and i have been working in london as programmer, we have complete solution for those who want to start with low capital. i’m currently in Ghana takoradi, i’m available for any demonstration. contact africbet@gmail.com or +233543425507tarim scott said on July 12, 2015i’m trying to start my own sports betting business how much will it cost all together?nkululeko freedom gaoboihe said on August 2, 2015I am nkululeko gaoboihe I live in south Africa at Johannesburg I want to start a betting company and I am young 21 year age and am really passionate about business. I want to creating job opportunity to the youth and increase economy for our country. I want to take our youth away from bad things such as drugs etc. I believe this can change my life and other people Ang this will allivaite poverty. My number is 0734104223 and I thank you
Collen said on November 24, 2015Good day, I am in South Africa ( Mpumalanga) I want to start my own online and walk-in Bookmaker/ betting company. I have made all my research and the process of registering with Gambling board. I have all the experience needed at the moment i am working to one of the online Bookmaker that is making more than R 30 million a month. Any one who want is interested to partner or invest to this profitable business please email me to: wealthadvisors5@gmail.com or call 071-610-7109Robert said on February 1, 2016Hello everyone, I am interested in opening a sport betting business, I need assistance on how to go about it. Please contact me on roberto4sure@ymail.com to help me. Kind regards, RobertMoses said on February 23, 2016Hello I’m 20 years old fresh from high school willing to help you full-time in starting a betting company in Uganda. the profits are massive and it’s legal 100% get in touch with me on +256706044136Seabelo said on March 10, 2016Hi, I want to open up a walk in sports betting shop/be bookie really.I am from Botswana. I am currently in need of a good sportsbook at a reasonable price. contact me on smanenye1@hotmail.com or whattsApp +267 76244 608. thank you all in advance.Jamal said on March 21, 2016Hello i am jamal from uganda where i have worked in betting for more than five years in the field of sales and marketing and i am ready to work with any company that is related in the same business for better performance and high ,I can be reached on 0771002038stephen said on March 24, 2016His, my name is Stephen from Johannesburg South Africa I want to start betting business but I need someone whom I can partner with to kick start the business, and I can promise you business is booming in johannesburg. Tsholetsane@yahoo.combarnabas said on March 28, 2016I want to start a betting business specially in Kenya, please can i get the software and hardware to run the business or can somebody please help me with proposal or a guide that can put me through. Thanks.Sam said on March 28, 2016Hello, I recently just started a sport betting company in Nigeria, please i need a foreign expatriate to work with the company, most be ready to come to the home country of the company.Sam said on March 28, 2016Hello,I recently just started a sport betting company in Nigeria, please i need a foreign expatriate to work with the company, most be ready to come to the home country of the company. tetofa@gmail.comlaone lesejane said on April 2, 2016hi… my name is laone, i’m sports management student and i want to start a sport betting enterprise real soon, i need help in knowing the basic requirements for such, i’m in botswanaVivian said on May 14, 2016Hello, Am Miss V from Nairobi Kenya and I want to start a sports betting company. Basically am looking for a partner and someone who knows more about how much capital one requires and how to go about it in license and all. Feel free to email me your proposals on vivicaj01@gmail.com. Looking forward to working with you.Gbenga said on May 22, 2016Hi I am joe will love to start up a betting company , in johannesburg RSA I am available to be contacted in jotham.gbenga@gmail.comGad said on May 28, 2016Am gad from Rwanda would you kindly help me to know how much it cost to start that business. gadrusimbi@yahoo.com 0726611550.Ferdy Abuci said on May 29, 2016My name is Ferdy and I have over 5 years experience in sports betting business. I work with the best company in the industry, SB betting and our betting platform is the best,works with Java. My email is willferdy@gmail.comEdrine beginner adviser said on July 21, 2016starting a business in any country needs thorough search better to start with a small business then go to a dream business thereby you have to first register a company. start small see how business moves then spread to your dream business to avoid loses for any business registrations within Uganda trading license ,visa processing, best commercial locations , best employees, trading license processing , residential or hotel bookings , within Uganda don’t hesitate to reach me on fortuneedrine@gmail.com , +256772911862fortuneedrine@gmail.com || +256772911862 || Business ConsultantJames expert adviser said on July 23, 2016@Edrine, Congratulations!! You are promoted as a business consultant here. Looking forward to help people from Uganda.Jestin JamesStartup Biz Hub – Senior Advisor (Staff)Henry said on August 30, 2016I would like to start a sports betting in Zimbabwe how could I get the softwares. my email is hahnhenrywilliam@gmail.comkakande Edrine beginner adviser said on October 1, 2016@Henry write back to me I can’t see your email+256772911862 || Sports Business AdviserLuthando said on October 1, 2016I’m in South Africa. I want to start a sport betting business in my home town. I have been making a lot of research about the business. Now I need some guidance especially with registering my business. Email: luthando_dlamini@yahoo.comkakande Edrine beginner adviser said on October 16, 2016Hello Luthando it’s my pleasure to get your request first of all I need to know which kind of business do you need to register as in what it involves, is it a company or partnership or just getting the legality of starting a business. secondly let me know where you need to establish your business in terms of locations or state then I will be in position to advise you accordingly. always excellent service guaranteed just lean on me or email me to fortuneedrine@gmail.com or what’s app me on +256772911862 available 24/7 7days a week+256772911862 || Sports Business AdviserRasto said on March 30, 2017Good day, How do I start my own sport betting? I also want to start a shop. Regards Rastofortune Edrine beginner adviser said on April 1, 2017@Rasto nice to hear from you it’s hard to start a single shop as license granted by lottery board allows you to open shops anyway only that each agent shop you open from the main branch you pay in some little money unless when you want to run your own shop you can buy franchise from already existing shops you be come an agent for in shop then follow the terms and conditions of the agreement though I rarely advise clients to go for franchise unless after though search about who is selling you that franchise
however what you have to know like in Uganda opening up a sports betting shop you have to be with 500 million Uganda shillings that is 142,858USD and this money is deposited with your bank as a security deposit in case you default on taxes or paying winners then automatically it’s deducted to pay them by lottery board this money varies according to nations then from each main shop another shop you open it’s called an agent shop you pay 1million Uganda shillings which is 286 USD but also varies to nations so rasto you can either go for franchise or opening up your own shop existing betting businesses sell their franchise of each shop between 25,000,000-50,000,000 Uganda shillings that is 7142-14286USD note I take 1USD =3500. Uganda shillings though the above is not so much different from rates or fees from other African countries.
Sports Betting Business AdviserIvan Peric said on April 1, 2017@fortune Edrine, I sent mail to you. Ivan Peric@ivan said on April 2, 2017Ivan thanks for checking in i received your email and hope answered you accordinglysamir said on April 13, 2017hie everyone, i’m planing to take start sports betting franchise, but the problem is i don’t know much about the sports betting can. you please suggest me which franchise should i take…please contact me on whatsaap right now i’m in india so please contact me on whats aap my number is +91-8806056700 and my email is samirsatyani16@yahoo.in
thank you so much for your advice n supportKoollife James said on April 22, 2017From Gambia anyone investor interesting in Sport betting Gaming business in The Gambia should contact me on +220-7337161 or info@koollifetv.com or koollifesax@gmail.com
Thank You
kakande Edrine said on April 24, 2017@Samir when you read my response to Rasto you will get an idea about your interestCollen said on May 10, 2017I would like to open an online sport betting and lotto bookmaker in South Africa. I am looking for an investor.
Okwi said on May 27, 2017Am okwi from uganda, looking for any existing betting company to work with as an agent in eastern region of uganda, am ready to pay all whatever it involves to become an agent for that company if terms n conditions r taken.
mikael johannes said on June 5, 2017i Mikael j, i am looking any one who is interested to invest in a betting shop in namimbia i need a pattern from anywhere in the world . or anyone who can advise me how to start or to get a sfotwire. please feel free to contact me on my Email :mjjinvestment600@gmail.com, cell:+264814405787Eduwardo Develo said on April 27, 2019Hi I am from Namibia I would like to start my own online betting shop. Please advise. (All the above fields are required.)
Starting a Sports Betting Business
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