Does anyone have knowledge about offshore gambling?

thehoub · May 3, 2004

Hello Everyone,

I figure this is a good pool of knowledge to pull from when someone is searching for answers regaurding gambling.

I have been thinking about starting an online gambling website outside the U.S. but I know no one who has done it nor do I know anyone currently that can help me out. I pretty much want to konw if anyone has any background in this sort of thing.

Here are some questions I need answered:

How much $ do I need to back a small book?

How much would a website cost?

How much in legal fees would it take to cover my ass in the states as well as in the country that I set up shop in?

These are the kind of questions that I have not found anyone to be able to answer for me. If anyone has any information on this type of business pleae respond. Any info is better than none at all.

Thank you,

The Houb

newbie666 · May 3, 2004

there is a lot of competence rigth now...
but... gamblers are increasing.. so we need more shops... anyways.. rigth now. a cheap budget could be around 250k...

if you can't afford that... then try to find out an agent deal then you can start easily with 10k...

If you open a shop by yourself then...

Have to deal with a lot of sharks...
Office Rental around. 3k, Internet Conection, 1k, low level equipment +/- 15k, Employees, +/- $800, Government taxes, $25k x year, Software Rental, +/- 3k, +marketing +advertisment... etc..

In major books Leads to Customers costs around $350, the major bid in overture for search engine keywords it's around $37 x click...

http://www.google.com/search?hl=en&ie=UTF-8&oe=UTF-8&q=sportsbook

Western union fees goes from 1% to 2%,
credit card procesors (with no chargebacks, goes from 5% to 8%)

Newbie.

[This message was edited by newbie666 on May 03, 2004 at 07:00 PM.]