More and more bettors are thinking about having their own betting agency. This is now possible due to street bets operator that offers the opportunity to open franchise agencies to any person who meets certain conditions.
If you own commercial space or you know a place with intense traffic, you can become a partner of a sports betting agency and open your own betting agency under the license of a gambling operator licensed by the National Gambling Office.
What is a betting franchise?
A betting franchise involves a collaboration with a betting operator. You open a betting agency that operates independently, but is part of a larger network, enjoying its support.
What does the client offer?
First, you have to come with a commercial space with a view that has a minimum of 15 – 20 square meters. The space can be owned or rented, but the rent payment is your expense.
Secondly, you need to purchase furniture, computers, printers, TVs, etc. if they are not offered to you by the operator. It is quite likely that the operator will require you to paint the place in certain colors and arrange it indoors according to a particular pattern to resemble the other branches owned by it. Other expenses on your part involve the payment of employees’ wages, current bills, the internet, and other utilities.
What does the operator offer?
The operator will pay the fees and provide you with the specific licensed billing software, which means that your agency will have the same sports offer, the same odds and the same services as any other branch of the “network”, the printable book for betting, house cash registers, betting tickets, printed according to the legal norms in force, as well as the accounting documents necessary for the good performance of the activity, as well as promotional materials for attracting clients.
It is also the franchisor who assumes responsibility for winning bets, and you will only bear from your profit the administrative costs of the agency where you are operating.
What earnings can you have?
The franchise fee varies between EUR 100 and EUR 5,000, depending on the betting operator, and the budget required for the space arrangement and the actual start of the activity is between 4,000 and 10,000 euros.
From the gross turnover (gross earnings), the franchisee will receive between 10% and 15%, with the indication that the operators responsible for the payment of the winnings are responsible for them, ie the franchisor (the operator). Depending on the financial results you will have, you can recover your investment after 4-10 months.
