Can I Really Run My Own Online Sportsbook?
Ever since the U.S. Supreme Court ruled to abolish sports betting prohibition and open the states to begin regulating, the amount of people looking to start their own online sportsbooks has exploded. And it is easier than 1-2-3, but you still must follow certain rules per the Gambling911.com Code of Compliance. Before you go any further, begin to study your new sportsbook software here.
What is the Gambling911.com Code of Compliance?
Gambling911.com has established some guidelines for bookies, would-be bookies and agents. While the industry has evolved, there are still precautions one must take.
- Taking bets from the US and across state lines falls is a very grey area and not recommended by Gambling911.com. These Pay Per Head software platforms should only be used among friends and family members as well as acquaintences locally.
- Do not align with criminal enterprises - While tempting, these groups typically engage in other activities such as fraud, money laundering and even drug activities. Know Your Customers (KYC) definitely applies when setting up your own online sportsbook.
- Screen your customers - Make sure none of your players are involved in illicit activities.
- Pay your taxes
- In some states it may even be possible to apply for a license. You will have to fork over a lot of money but there are some benefits. For example, there are a handful of states where local law will permit bars and similar venues to take bets.
The Pay Per Head Does Everything
PricePerPlayer advertises a $5 per customer fee. This means that you will pay $5 per customer per week. What you get is amazing.
24/7 customer services, full line service, full reporting, a customized website with login exclusive to your players, live in-play betting, numerous props, even a live dealer casino.
We've known the folks from PricePerPlayer for over two decades now.
Once your business gets super big, you might want more dedicated offerings (kind of what happened with Gambling911.com). PricePerPlayer handles businesses of all sizes.
- Aaron Goldstein, Gambling911.com
