How to start a huge Football betting company

[BigPlayer]

I am looking over to start a huge football betting company in the next coming Months. I need to Know how can I make the business lucrative what rates should I put per se percentage I should retain.... what are the challenges I am likely to face.... ASAP? views and suggestions I WILL appreciate

[Landprofits]

I am looking over to start a huge football betting company in the next coming Months. I need to Know how can I make the business lucrative what rates should I put per se percentage I should retain.... what are the challenges I am likely to face.... ASAP? views and suggestions I WILL appreciate

What experience do you have?

[DireEmblem]

None by the sounds of it

[robster999]

Havn't a clue about business but I wish you good luck. Keep us updated.

[Andy]

I am looking over to start a huge football betting company in the next coming Months. I need to Know how can I make the business lucrative what rates should I put per se percentage I should retain.... what are the challenges I am likely to face.... ASAP? views and suggestions I WILL appreciate

The start up costs are very very high to begin from scratch. I dont know how much but its hundreds of thousands of $s.

A cheaper alternative is to get a "White lable" site from one of the larger providers. Examples of this are McBookie from Jennings, and also look at BetPack with StanJames partnership. Or the BGBet/CorbettSports, etc etc. It would save you needing your own odds compliers and staff to help with customers questions/problems etc etc. You just have to advertise it and get new accounts. It still costs tens of thousands to purchase that option.

For next to no start up costs if you just want to be a bookmaker you can try odds compiling yourself, set a 10% over round, then lay at those prices at Betfair (or any exchange). Some will get taken, maybe all, and as long as you are correct in your original prices you will make a long term profit.

Really there is no point in option one it is huge expense for little benefit. Option2 is a glorified affiliate program really and if you are focused on marketing the best choice for you. If you just want to be a "bookie" then cut out the middle men and just lay bets on Betfair.

All in my opinion/best guess. I have no practical experiance in this.

[BigPlayer]

What experience do you have?

I have no experience... that's what I am trying to know.