..

How Much Money Do I Need To Start My Own Sportsbook?

Written by:
Aaron Goldstein
Published on:
Jan/21/2022

Gambling911.com answers your frequently asked questions when it comes to the explosive bookmaking business.  Today's Q&A revolves around MONEY.

*4 weeks free trial
*Starting at $7 per head, 24/7 support
*Endorsed by Gambling911.com
*Pay only for active players
*Live in-play betting on mobile or laptop
*No deposit required - Instant setup
*Live dealer casino or virtual casino
*18 plus years in business serving sports betting public
*70 plus horse tracks
Click here to visit RealBookies

How Much Money Will I Need If I Want To Start My Own Sportsbook?

Utilizing a Pay Per Head software platform, most industry experts agree you will need in the neighborhood of $10,000 in reserve for a relatively small operation of up to 10 players.  One never knows when there will be times you'll run into a particular rough patch where the public is on a winning streak.

These funds should be separated from general operations such as the weekly PPH fees.  At RealBookies this amounts to $7 per active player per week.

Do Bookies Make a Lot of Money?

Yes.  On January 21, 2022, Gambling911.com's home page was littered with headlines related to the amount of money taken in by in-state run sports betting operations.  Michigan's sports gambling handle was a jaw dropping $3.5 billion in 2021.  Okay, so you're probably not going to make anything remotely near that amount of money, but this simply demonstrates the potential.

What Are The Expenses of Running a Sportsbook?

If you have 10 active players you are looking at costs of around $280 per month.  All the typical overhead associated with a bookmaker's business such as the call center, employees, oddsmaking, reporting and server hosting as well as Web development is part of your Pay Per Head package.  In other words there are no additional costs involved. 

Gambling911.com recommends spending some money on marketing and you may wish to employ an assistant.

- Aaron Goldstein, Gambling911.com

 

Gambling News

Warriors-Mavs Game 3 May 22 Betting Preview

Warriors-Mavs Game 3 May 22 Betting Preview

Game 3 of the Warriors-Mavericks game had Dallas as a -3 home favorite after opening at -2.

Cardinals vs. Pirates May 22 Game Another Good Bet for St. Louis?

Cardinals vs. Pirates May 22 Game Another Good Bet for St. Louis?

The Cardinals-Pirates game is an early one, starting at 11:25 am ET.  St. Louis continues its hot streak against Pittsburgh and comes into this one at somewhat of a decent price (as low as -154 at some books).

Sports Betting, Events Odds and Previews: EPL and Serie A Titles to Be Decided Today - Here Are Your Odds

Championship races in the Premier League and Serie A will be decided on Sunday, as soccer's top tier conclude their seasons.

How To Become One of The Best Sports Bookies

How To Become One of The Best Sports Bookies

Want to become a bookie? Here’s everything you need to know to ace your bookmaking game as told by expert bookies.

6 Betting Strategies

Are you planning to become a bookie soon? Then other than acing your bookmaking game, you need to understand the strategies bettors use. Here's a guide for you.

Syndicate