Have you thought about getting into the sports betting business?

[RedSq]

First of all I would like to apologize if I hit the wrong category to post to, I just couldnt find a better public one. My company offers online sports betting and bingo platforms for sale. The system is pretty decent. The price is $10,000 for both or $8000 for sports betting and $4000 for bingo if bought alone. No royalty fees and hidden costs. Once you buy it, it is all yours. Price includes unique web design. I can assure you the platform has all the needed functions and even has an affiliate program included. If you are not interested but know someone that might be, I will give you commission on the deal. I can also help out with servers, payment processing for both US and europe, company registrations in the caribbean, gambling licenses and more. For more info and demo please contact me on skype:imperatorny

[CoopersPick]

do you mean an actual sportsbook website/software? Are you actually trying to sell this product or are you just asking a general NON promotional question?
if you are promoting than yes this is the wrong category

[RedSq]

Yes i am selling actual sportsbook. I will be glad if the moderators move the thread to the right category. Thanks

[LiveCasinoPartners]

A long, long time age I considered starting a sportsbook with partner here in Costa Rica almost 9 years ago. I analyzed the possibility and came to the conclusion that it takes a lot of resources in order to be successful at it. It's not the software that's the expensive part, it's managing your lines. One slight miscalculation and a pro comes a long and cleans you out.

I have no idea how he was successful or not. We lost touch years ago.

I would strong advise against starting a sportsbook without a solid knowledge of the industry.

[RedSq]

Yes, thats right. A person should have a lot of knowledge about sports betting before starting a sportsbook. Its not an easy business, but actually which one is easy? With sports betting the biggest part is quantity of players so you can balance your books. Everything else is customer and affiliate support which isn't that hard. If you can drive huge amounts of traffic, know other affiliates that can drive traffic to your sportsbook and have a little bit of experience with managing a business, then you'll be alright.

[matted]

Us citizens cannot do this so I am out...

My concern though is that every halfway decent book needs a good data feed. How do you deal with that. It can't be a flat one time fee...

Sent from my Droid using Tapatalk

[RedSq]

We setup the feeds to auto update from the big european sportsbooks like william hill, ladbrokes, gamebookers. after that depending on your bets on a particular game you can correct the odds in order to gain profitability, but we usually see profitability between 7-12% with the default odds.

[matted]

I know you came here to advertise, but now I have a serious problem with your business model.

You are stealing content from these big European books. It is one thing for the lines to be used to advertise for the sportsbooks... But you are offering a competing product which steals their lines.

If I bought this package from you, doesn't that open me up to lawsuits from the "big european sportsbooks" if I am stealing their data?

[RedSq]

Actually, you are not stealing anything as those are public xml feeds. Also, it seems that you have never inquired about online sportsbook products as ALL online sportsbook platforms that are for sale and cost under a couple of hundred thousand dollars are built exactly this way. You can always modify the odds in order to be different if you are that concerned, but it is a good start base. If you are that concerned about it, then we can arrange another deal - it costs around $1000 per month and you will have your odds from a data feed provider. It is all a matter of choice. Usually all the people my company has dealt with wanted the odds to be taken from other sportsbooks so they don't have to deal with that. This might be the answer you are looking for.

[matted]

That's cool. I just want to make sure that the product you are offering is completely legal. I know many "free" things to stipulate they are not for commercial use. I'd hope you've done your research in that regard and made sure your product is completely legal for those purchasing the license.

I know as a US citizen myself I couldn't actually own a sportsbook (wouldn't really want to either). I was just asking the question to make sure you've thought your product through thoroughly.

Best of luck!

[Casinorep]

This can be a very lucrative business but hugely competitive like the online casino business.

[RedSq]

Yes it is very competitive, but everyone has to start from somewhere. It depends on what a person's ambitions are. If you are ok with normal income...it's not for you, but if you want to drive ferrari or have a boat or a big house, then you have to think big, start your own business, make it a success and live the way you want to live. If you have talent - you'll succeed, if not - you'll at least have tried. You are missing 100% of the chances you haven't taken in life.

[justbookies]

One slight miscalculation and a pro comes a long and cleans you out.

There is such a thing as liability control so this could not possibly happen because you would not accept a liability on a selection that could "clean you out". Nobody is going to start an online sportsbook and have no liability controls. Any software would have many different liability controls. The main one would usually be a limit on the net loss (ie: taking consideration of monies on all other selections in the event too) you are prepared to accept on a selection. For a Premiership football match that might be set high (say £10k) and on a minor dog race it might be set low (say £500) depending on factors such as how much you trust the odds, how much volume there is in that market and particularly how easy it would be to pass on your liability (ie: lay off / hedge the bet). Other liability controls may be to limit bet size by event, by selection or by customer etc. Obviously all these controls can be altered at will depending on the betting market. Nobody would want to use any software that did not have these functions as a minimum.