Below are steps to Become A Certified Bookmaker in South Africa
Step 1: Decide Which Route To Take
If you decide that bookmaking is the career for you, then what avenues are open to you? Which of those is best?
Well, there are pros and cons to each route, with four options to choose from:
Online bookmaker
On-course bookmaker
Opening a betting shop
Combination of some or all of the above
Step 2: Decide How You Want To Set Up
Many small-time bookmakers are family businesses, so do you want to go it alone or become a partner of an existing firm? That is the broad choice you face if deciding to become a bookie.
Again, there are pluses and minuses to both approaches:
Being an independent bookmaker sounds great, but you still have overheads. There is rent and wages to pay if you run a High Street betting shop.
Step 3: Find Out Which Licenses You Need
As noted above, the gambling industry has strict regulation by the state. This is to ensure ethical practice and fair treatment of bettors.
You are going to need licenses and, depending on the type of bookie you are, plenty of them.
Step 4: Work Out Your Budget
As you may have noticed, there are plenty of costs, expenses and overheads involved in setting up and becoming a bookmaker.
It’s estimated that there are average initial costs of £8,000 to £10,000 just for starting up as an on-course bookie.
Here are some of the outlays you are going to have to make:
Licenses
Rent of premises (for a betting shop)
Light, heat and electricity of premises
Pitches on racetracks (for on-course bookmakers)
Staff wages
How do you become a licensed bookmaker?
“If you want to become a bookie now, though, the first thing you have to do is apply to the Gambling Commission for a licence, part of which is a Criminal Record Bureau check and, assuming you pass that, you’ll then register with AGT [the Administration of Gambling on Tracks Ltd],
Do you need a Licence to be a bookmaker?
If someone wants to work in a casino or a bookmakers then they will need a Personal Functional Licence. This is for the likes of croupiers, inspectors, security staff and cashiers.
How much is an online gambling license in South Africa?
The initial licensing fee for a manufacturer’s license is R 120,000. The fee for a license renewal is R 80,000.
Is gambling legal in South Africa?
Legal forms of gambling in South Africa
A gambling game is legal if it has been authorized in terms of the National Gambling Act 7 of 2004 (the Act) and respective provincial legislation
What are bookmakers classed as?
A bookmaker, bookie, or turf accountant is an organization or a person that accepts and pays off bets on sporting and other events at agreed-upon odds.
How do I start a bookmaking?
What Options Do You Have for Starting a Sports Book?
Open a land-based sportsbook in a country where it’s legal to do so.
Become an illegal bookie and serve your local neighborhood.
Open an online sportsbook or betting shop in a licensed market.
Launch an online sportsbook in an offshore market.