More and more often beginners in the industry of gambling entertainment choose a franchise of an online bookmaker’s office. What is the appeal of such a choice? What is a betting shop franchise and how to choose it? To these and other questions we will try to give detailed answers in this article.
Bookmaking business today is one of the most profitable and promising in the industry of gambling entertainment. Betting on the outcome of various events and sporting activities is invariably popular, which makes the betting business attractive to entrepreneurs as well. Gamblers are attracted first and foremost by the fact that winning largely depends on the ability to analyze and predict the outcome of an event. In this case, not everything depends on chance and luck. Knowledge of the topic, possession of relevant information and the ability to analyze can bring big winnings.
The concept of a franchise or franchise agreement is inherent not only in the gambling business. This business scheme is very common and popular, which can already testify to its benefits.
The franchise agreement implies that there is a transfer from the franchisor (business owner) to the franchisee (subsidiary) of rights to use the logo and other elements of the brand, the scheme and structure of work, standards, software products in exchange for a certain financial reward.
What is a franchise in practice in simple words? On the market today there are already a number of large bookmaker offices with a name, which are well known, characterized by reliability and are popular among betting fans. They have an established pattern of operation, a wide range of events and activities for betting, a steadily high flow of visitors.
Such big brands are interested in further development and expansion of the target audience coverage. Therefore, they are ready to cooperate with start-up entrepreneurs.
Benefits received from the franchisor (owner of a brand betting shop):
The franchisee (the owner of the franchised subsidiary) also receives its own benefits, which we will discuss below.
With the spread of the Internet and the expansion of its capabilities, the gambling industry has successfully migrated to the web. This fully applies to the betting business as well.
Opening a bookmaker’s office online opens up a wide range of opportunities for its owner. Each Internet user of legal age is a potential client of a betting company. Proper promotion and advertising company will provide a steady growth of traffic to the site.
Let us highlight the main advantages of organizing a bookmaker’s office online:
Creating your own bookmaker’s office on the Internet is a real chance for everyone to occupy a niche in the field of gambling entertainment and get your “piece of the pie” from the multi-million dollar turnover of the bookmaker business.
With the advantages of creating an online bookmaker’s office we have understood. Now we propose to deal with the available ways of opening a business in this area.
Franchise is not the only way to open your own betting office. But, according to experts – it is the most suitable option for beginners who do not yet have experience in the industry of gambling entertainment.
Let’s consider and compare the most common ways to open a betting shop online:
1. Create a bookmaker’s office by yourself
Сразу отметим, что такой способ мало подходит для новичков без опыта. Его отличает трудоёмкость и длительность.
В современных условиях разработкой букмекерских ресурсов всё чаще занимаются профессиональные компании, имеющие в своей команде узкопрофильных специалистов для выполнения каждого этапа и вида работ. This high level of professionalism is distinguished by specialists from the company B2bslots. We specialize in software and related services for online gambling, including online bookmaker’s offices.
What steps does an entrepreneur have to go through in order to set up a betting shop on his own?
So, we can conclude that an independent establishment of a bookmaker’s office will require a lot of time, effort and money. This is an option for entrepreneurs with unlimited time and resources, with considerable experience in the gambling industry.
Pros of the method:
Cons of the method:
2. Buy a bookmaker’s office
It is easy to see the popularity of this method by checking the analytics of search engine queries. The query “buy a bookmaker’s office” is very common. It is not surprising that demand generates supply.
The market offers to buy a turnkey ready bookmaker’s office. What does this service include:
Pros of the method:
Cons of the method:
3. Open a betting shop as a franchise
Actually, when analyzing the two ways of opening your own betting office discussed above, the advantages of the online betting franchise become obvious.
A franchise is a ready-made business, fully debugged and promoted.
Let us highlight the costs incurred by the entrepreneur when choosing in favor of a franchise of a famous brand betting shop:
This is the end of the franchisee’s costs. The parent company (the franchisor) takes care of all organizational and legal issues, technical support, software updates, advertising campaigns, etc.
Lack of opportunity for individual development – the course of further development, design, loyalty programs, bonuses and other determines the parent company.
The disadvantage in this case is rather conditional, because for a newcomer franchise can be called the best option for starting with a minimum of costs. Working in a franchise allows you to gain experience in the betting business and earn seed money to open your own brand in the future.
However, many people prefer to continue working in a franchise. The main thing is to choose a franchise with the most profitable conditions. Our experts will help you in your choice. The company B2bslots offers comprehensive assistance in the selection and launching of the betting shop franchise option that is best for you.
B2bslots company specializes in software products and services for online gambling. One of the areas of our specialization is betting shops.
You can find the full list of products and services we offer on our website or by contacting our experts.
Why is the choice of a franchise an important part of launching a betting business? Not all brands offer mutually beneficial cooperation conditions. The inexperienced beginners in this business run the risk of falling into financial bondage to the franchisor and working at zero, with no opportunity to increase their profits.
The next point of risk – the lack of interest in the novice entrepreneur by the franchisor. The well known brands are very careful in their choice of partners. If you want to know how to open a bookmaker’s office from Fonbet, then prepare to meet a number of conditions.
Do you want to avoid complications and fulfill all the conditions for getting a franchise quickly and correctly? Use the services of B2bslots. Our specialists will give you a comprehensive consultation on choosing a franchise. We will select the best option for you and help you through all the steps from the moment of franchisor’s application to a successful start!
The main advantages of cooperation with us:
We work with clients of all levels. With us your start in a betting shop franchise will be successful and fast!
Leave an application and get a consultation within 5 minutes