How much do you think you Need to Open your Own Sportsbook ??

[Betallsports]

you guys are forgetting software , employees , office space , advertising .

You could save on Software, and Lease it.

It's the Biggest expense on the list above. Advertising would be a close 2nd.

 

[Betallsports]

thats what i was thinking plenty of locals running shop with 100k
start small as an invite like Facebook then work your way up

Yeah, maybe we can call it.... Facebooksports ???

 

[silver7]

Or, like a guy I knew, NOT a friend. He opened locally on "air", no tie, family, job, hoping he'd hit the 1st wk, as luck would have it, he did. And ran a "book" for a lot of yrs. If he'd lost I gues he was prepared "to go south"!

 

[Betallsports]

Or, like a guy I knew, NOT a friend. He opened locally on "air", no tie, family, job, hoping he'd hit the 1st wk, as luck would have it, he did. And ran a "book" for a lot of yrs. If he'd lost I gues he was prepared "to go south"!

Back about 25 years ago, two friends went and rented an Apt. got like 2 phone lines and Opened up shop with $20K

Problem was, they just took anyone. It was during College Baskets.... They got Rocked the First week, for over $50K

They Paid, but Closed shop ! @)

 

[jb777]

Apparently everybody here assumes an offshore-style book open to anybody.

You could open an invite-only book at your local bar with $20,000.

Is this how it's done in Texas? @)

 

[Murphy8276]

i think u can start it with 100K.. but u definitely cant take on more than 500 customers with that much to be safe off the get go.

-murph

 

[bigbet1234]

What are you going to do when someone hits a 10 teamer? or 3 Royals for 50K, there goes half your bank

i think u can start it with 100K.. but u definitely cant take on more than 500 customers with that much to be safe off the get go.

-murph

 

[NES]

dont book 10 teamers

 

[Betallsports]

dont book 10 teamers

^^^^ What he said

 

[NES]

you guys are forgetting software , employees , office space , advertising .

No point in leasing software or office space unless you have a huge player base to start with, these days its just too easy to put your players into a solid pph shop.

 

[Betallsports]

No point in leasing software or office space unless you have a huge player base to start with, these days its just too easy to put your players into a solid pph shop.

This of course was the Answer i was looking for. But Didn't want it to come from someone in that business.

But Yes.... The Best way right now would be a PPH

 

[NES]

so is that two right answers in a row? Im on a roll BAS.

 

[ImGamblin'Again!]

Connections with the United States government

 

[Keef]

What are you going to do when someone hits a 10 teamer? or 3 Royals for 50K, there goes half your bank

Make them take a lie detector test!

 

[taylor13]

Why don't we ask bookiereport how much it cost him to start up....he has to be using pph if he has halftime needs and what have you, right?

 

[blackchip2010]

i think u can start it with 100K.. but u definitely cant take on more than 500 customers with that much to be safe off the get go.

-murph

LMFAO, and where are you going to get this paltry sum of 500 players?. In the post up world this would cost you approximately 200k in advertising. If you had 500 every day bettors and you weeded out those with a brain you COULD NEVER have a losing month.

 

[HAT]

Yeah, maybe we can call it.... Facebooksports ???

Facebookie !:toast:

 

[FairWarning]

Offshore, a million min.

 

[kid44]

As a local be prepared to adjust and have tons of local team action. Last football season, after 20+ yrs of profitable booking, my guy got drained. Badgers and Packers every week, and they hit. The more they hit, the higher the plays. In the end my guy paid, but seriously thinking of not opening shop any time soon.

 

[PatsFan1283]

Yeah that is a big problem. Same people bet the same stuff especially if your a regional bookie.

Imagine being a bookie in the Boston area around '07-08? Sox win the world series, Pats go 18-1 and Celts win their first title in 22 years. I don't know any local bookies really but I'm guessing more than a few got lit up during that period.