Start a Sportsbook Site

[Bizster]

Hello,

I am not sure where to invest my money and I would like to talk with people who have experience in gambling businesses.

I want to build a new sports book with some great features.

I have a 6 figure budget (100k USD or more) for the bankroll and development of the site.

How much money do you say a sportsbook can bring monthly to the owner? I am looking to get at least 10k USD per month or equivalent in BTC.
How do actual sportsbook manage live games odds and odds pre-match?
What are the costs involved?

Any thoughts?

[Superhitech]

10k USD per month is very possible, provided you have the right business plan. To run a sportsbook site, you'd need to have a script; you'd have to pay someone to code it for you.

Do you know how to code? I wouldn't recommend running a sportsbook not knowing how to code. If you have a trusted friend who can code well, enlist him as a business partner.

The script and the promotions would be where most of your money would be going. You'd need to promote your site to build a userbase of people playing to get money. Also, you'd need to give them reasons why they should play at your sportsbook instead of an already established bitcoin sportsbook.

Honestly, a sportsbook is one of the harder gambling sites to run. I'd suggest thinking of a new, unique gambling game to run.

[ihanaihana]

If your site is very large, maybe 10M usd per month can be earned. I work in a fiat sportsbook, and our company can profit 10M in highest, but only once, last month of Euro 2016.

In-play gaming is the largest income source. Maybe you need to invest a lot on the site first. We have a almost 100 people tech team, including other businesses like slots, live casino and so forth.

10K usd is a possible income of new site, just try to build it!