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Start A Bookie Business

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If you have ever bet on sporting events, then you most likely dealt with a bookie. The base job of a bookie is to accept bets on events, and then pay the winners or collect the money from the losers. The bookie can set the fee for this service, and there is money to be made for offering this service. If you are interested in how to start a bookie business, there are a few things you need to know.

To break into this business, you need to be a social butterfly. The more like-minded people you know, the better. You likely already place bets yourself, and know other people that do as well. This is a great place to start. To add people to your circle, try hanging out a sports bars. These bars are loaded with people who love sports, and most likely love betting on sports.

Since it is actually illegal to offer this service, you will want to choose a bookmaker that is located offshore. These services not only protect you, but eliminate the need for you to do a lot of the unpleasant work of collecting debts.

You will need to build trust from your clients. You can do this by always paying winners on time. Often, successful bookies pay out on the same day each week. These timely payments send a clear message that you are on the up and up. Trust leads to larger bets, and larger bets lead to more potential profit.

If you want to start a bookie business, find a reliable sports betting service, and start small. Starting with a small amount of betters will help you get the feel for it. Offering this service can be quite lucrative, but you need to make sure you run your service like a legitimate business.

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