How to Become a Bookie 11 – Getting Funds
Hi! Welcome, this is another installment from our How to Become a Bookie series.
Here we talk about how you can get funds for your new bookmaking operation.
Become a Bookie: Personal Bank Account
If you have a bank account with enough funds in it, then that is the best way to fund your betting operation.
This is because you are risking your own cash, and not someone else’s.
Sure, sometimes you will have to pay some players, but you get to pocket most of the profits.
Getting a Loan
Getting a loan is another great option. If you are able to come up with a nice business proposal, chances are that your application will be approved.
An angel investor is someone that can infuse capital into your betting operation in exchange for a profit.
If the angel investor likes your business idea, it is likely that he will invest in you.
Venture Capital and Private Equity
Venture capital and private equity firms become an option after your business has grown to a certain point.
This is because these types of companies expect an even bigger return than angel investors or might want a share of your business.
Family and Friends
You can also opt for asking a family member or even a friend for a loan, or even make them partners.
Feel free to check the rest of the series, or contact us for more information.