How to open a bookmaker's office? Franchise and license

Many sports betting enthusiasts have a dream - to open their own bookmaker. We can say right away that the most profitable option would be to order a turnkey sportsbook. There can be many reasons for this. In most cases, players simply despair of beating the bookmaker and making money on bets, so they have a desire to take sports bets themselves. There are also rumors on the Internet about the huge profitability of such a business. But what do you need to create your own bookmaker?

Opening a legal office that accepts sports betting is not an easy task. If we talk about Russia, then opening your own gaming establishment is not so easy because of some points in the law. First of all, the applicant must submit an application to the Federal Tax Service (Federal Tax Service). The amount of financial investments in this case can reach even a billion rubles. Which of the ordinary players will have such a sum? In addition, to obtain a license, you must document the absence of any type of criminal record. And in our country, big money and a criminal record often go hand in hand.

But you can open an office in a simpler way - to fit into one of the existing licenses. At the same time, the initial deposit can be ten times less, but every month you will have to pay for the use of the services of the one who provides the license. In short, even in the best case, the opening of a betting shop can take months, and the initial investment is at least a few hundred thousand rubles.

A beginner bookmaker can survive in the market if, in the first months of its existence, it limits the amount of players' bets and keeps a reserve fund from which you can replenish the betting bank in case of an unsuccessful start. In general, the profit of bookmakers is 5-10% of the total turnover of bets. Accordingly, it is not so easy to get big money, and rumors about the huge earnings of bookmakers are a myth. The profit depends directly on how popular the institution is, as well as how much they play in it.

In any case, being under the wing of a certain company with a license is much easier than getting your own. Of course, you will have to accept all the rules, and the freedom to do business will be seriously limited. But this is the only way to open your betting point without huge investments.

There are many more nuances in opening your own betting business: renting premises, hiring staff, purchasing high-quality equipment, choosing a location, paying for various services. But knowing all these points is useful only to those who are really going to do business in this industry. For most players, this will remain a dream, so do not have any illusions about your own bookmaker.