Welcome to the Bookie Interaction Forum where you can talk and discuss anything with professional bookies, sportsbook owners, and anyone in the gambling industry. In our bookie forum, anyone can talk about anything that relates to the gambling industry. Whether you want to talk about sports, sports wagering, casinos or sportsbooks anything goes. Everyone is welcome to participate in a friendly and polite environment. Here you can talk about what it takes to become a bookie, running a gambling site or the industry in general.
Just to get an idea, how long did you start earning back your startup costs for your sportsbook? Does it take more than a year?
Guiding people who want to get into the bookie industry. From tutorials to recommendations from this Bookie Pay Per Head comparison, I'm here to help!
I use a pay per head software, so the vig usually is enough to cover the pay per head fees. Then I just saved up a certain amount to cover for possible expenses (if I would be short in releasing payouts). Minus bonuses for new players, around three weeks. Would have been sooner, but I really wanted to have that extra budget there saved up for a rainy day.
Then after that I would take out a tiny bit from my weekly revenue to increase that amount. I do that because as the months went by I started dealing with more volume, and I needed to match that. If you want to save up for that amount up front to keep all future revenue as profit, then go for a large amount- might take you a few weeks or maybe a month more to start seeing that ROI.
