Millions of ambitious sports bettors indulge their passion for betting every day and place their bets at betting shops or place bets with the help of online sports betting providers. It is clear from the success of sports betting providers that the sports betting industry is currently experiencing a boom. How about working in such a promising and interesting field? Here is our guide to jobs and employment opportunities in sports betting.
Working as a bookmaker
No betting shop or betting portal would function without bookmakers. These are people who set odds for sporting events. Why not learn how to set odds yourself if this expertise is interesting to you? To become a bookmaker, you need to be trained in sports betting. The skills you need to acquire range from setting odds to the basics of accounting and office administration. As a trained bookmaker, however, you are not yet allowed to broker sports bets: in Germany, an official permit is required for this activity.
To get one, you should meet several requirements and prove your reliability with a flawless and clean SCHUFA and certificate of good conduct. Since sports betting has a somewhat shady reputation, there are very strict guidelines for regulating sports betting. It should also be mentioned that you have to cover the costs of the bookmaker training yourself. However, once you have managed to get a license, many doors are open to you: you can apply to betting shops as well as to numerous online sports betting providers and expect good opportunities for advancement and earning potential (on average 35,000 euros per year).
Starting your own betting shop
Starting something is always a big challenge. Running a betting shop can be very profitable, but the legal situation in the area of sports betting makes the project very complicated. Opening a betting shop requires an official betting acceptance permit and a business license. You have to apply for a betting permit from the local city council and take into account numerous local restrictions, such as distance from another betting shop and distance from schools. Since gambling has a shady reputation, it is quite possible that some cities and municipalities do not issue betting permits in principle.
Permits, start-up capital, business idea, setting up the betting shop, advertising campaign – there are many aspects to consider when opening your own betting shop. Opening a kebab shop is much easier. If you have the patience and have managed to run a successful betting shop, you can expect at least 15,000-20,000 euros in sales per month without tax. A little easier than opening your own betting shop is opening a branch of the well-known betting agent as a franchise.
Start your own betting portal
Many people bet online, and it can be a good idea to offer sports betting online. For an online gambling company, you don’t need as many licenses and permits as for a betting shop, and you still need a German gambling license, which you have to renew regularly. And you have to be prepared to invest a large part of your budget in a functional and visually appealing website. A big advantage of the betting portal over the betting shop is the lower costs, and the website is more quickly accepted by customers. As an online sports betting provider, you have to expect greater competition: there are millions of providers that you have to stand out from. And if you run a cozy betting shop in a good location, you are always guaranteed to have customers.