How To Set Up A Betting Shop
Hi guys, today we will look at the multi-billion naira sports betting industry, and how you can get your share from it. For starters, we'd like to say sports is not just sports, and betting is not just betting. They are both normal businesses everywhere in the world. Just like any other trade, it is very lucrative if you know your way around. But if you don't want to waste a whole of money running from pillar to post, there are some very important things you need to consider.
So our job here is simple: How do you set up a sports betting shop?
Here is exactly what to do: Head to the bet9ja agent application portal at agents.bet9ja.com. Fill the application form correctly. You will be requested to upload an image of your shop so look for a good photographer to take a digital image of your bet9ja shop. After filling every information correctly click the submit button and wait patiently. Become TipBet partner and open up your own betting shop! Sports Betting is becoming increasingly more popular and the trend is still rising. Take now your chance to enter professionally into this growing market. Tipbet is the ideal partner for you with its experience, the technology and the Betting expertise.
How much will it cost me to set up?
Before you ask yourself this question, you need to understand your environment; the potential number of customers, their acceptance of betting, their level of awareness, and their disposable income. The success of a betting shop in Oshodi might be higher than what a shop situated in Ikoyi will get, even though the disposable income of those in Ikoyi will be higher than those in Oshodi. The potential customer numbers are more, awareness higher, and the poverty level is higher in Oshodi than Ikoyi, which makes betting business more lucrative.
Also, on a cautionary note, ensure you have a secondary source of income or leave aside a certain amount of money. This is will help you fund the day to day expenses of the business for at least a month before the break-even month.
To start, you will need the following. important facilities and equipment in setting up a shop: Shop rent, cashier counter, laptops, printers, chairs, TVs, internet modem and painting.
When renting a shop, take the next few lines as gospel.
- Rent a shop ONLY because it is rightly located. This will mean it is in a densely residential area. A mix of 70 residential/30 commercials is just beautiful. If you plan to rent the shop in a market or shopping complex, know that most of the time there are general rules and regulations you need to adhere to. These areas can be very profitable so you won't mind following the rules.
- Be VERY wary of rent. In big cities like Lagos ₦150K to ₦500K per annum is good enough, while in areas such as Ibadan, Ado, Ogbomosho, Kubwa,(relatively in the eastern part of Nigeria too) ₦40K to ₦300K per annum is just right. Let the “resident customer density' guide your assessment of rent, and not the “passing customers'. In other words, a major highway junction will not be as lucrative as a minor “district” junction.
- The shop SHOULD be sizable. A 10ft by 12ft will be too small. Try to go for a 12ft by 15ft or bigger. The bigger, the better as your customers will be comfortable while they wait for their turns.
- If you decide to use an existing business’ shop, ensure the items on sale are not “handy”. There was once an agent who sold shoes and wanted to combine the business of sports betting. He lost 13 shoes in his first week; not pairs different legs. There was also another who wanted to do the business of video games together with sports betting, but he later went for one as both were conflicting.
What type of computer do you prefer - a laptop or desktop?
Desktops are preferable in relatively insecure environments and are cheaper, but tend to require a bigger generator to power. Two used laptops will go for between ₦50K and ₦70K depending on your taste.
Don't forget to build a shop cashier counter
A 10ft x 6ft x 1ft counter made of wood (preferably of a board), having this helps separate your cashiers (attendants) from your punters (customers). [₦30K to ₦150K] depending on the shop size. it's essential to let your customers be comfortable, you need some set of chairs depending on how big the shop is, [₦12,500 to ₦15,000] for a dozen. Do not forget branding, its one of the most critical aspects of your shop, and the first towards that is painting your shop in the colour of the brand you represent.
A generator
We recommend a decent 2.2Kva to 5kva generator will serve well. [25K to 120K] Please do not use the popular I beta pass my neighbour' generator. This generator is notorious for burning adapters. Please do not use it.
Internet modem
I recommend you go with any of the LTE providers, as faster speed equals faster money-making. The likes of Spectranet, Smile, and Swift will serve well in areas where they have coverage, and recently, wifi.com.ng is super where they have a good connection. If you do not fall within these areas, use the VSAT source of the internet an example is 'Yahlick' or if you can't afford VSATplease just go for 4G GSM providers. In order of preference, I recommend Etisalat, Airtel, MTN and GLO…and if those don’t exist. If you use laptops, get a modem that supports Wi-Fi for secure connectivity. [₦6K to ₦15K]
Thermal printer
You can either go for pos80 or pos58, in my opinion, pos80 is preferable because it prints bolder and looks better. (Likely costs ₦23k)
How To Start A Betting Shop In Kenya
Company to partner with
There are a lot of betting companies out there that you can partner with as an agent. We have looked at all the major players in the industry and can tell you without bias, that betBonanza is one of the best betting companies you can join.
Becoming a betBonanza Agent is as easy as ABC. Click thislink to sign up now.
Our Agents, our punters, and our business partners can attest to the fact that we are transparent and trustworthy.
Anyway, back to our discussion of the company you want to join. You most likely will be given the following items:
1. A Banner to advertise your business to passers-by
2. An account on their platform (You will pay a registration fee), and
How Much Does It Cost To Set Up A Betting Shop
3. A Satellite dish and decoders for virtual games.
Conservatively, setting up a shop can cost you on average between ₦500,000 to ₦2,000,000, depending on your location and how big you want the shop to be.
If you follow the advice we have given, you should be on your way to starting and being successful in the business of sports betting.
Now, we urge you to take a step now to begin your dream to run a successful betting business and make money.
To join us, you will:
1. Register
2. Pay an initial training fee
3. Our Accounts Executive will call you to guide you step-by-step on everything we have mentioned above, and how to become a successful member of the betBonanza Tribe.
An overview of how to earn money by opening a Bet9ja Betting Shop
Are you intent on starting a bet9ja shop? There are many benefits of being a bet9ja agent because it is a lucrative way to earn residual income viewing the fact that sports betting is a very popular activity amongst Nigerians, in this article you will know the A-Z step of owning your own bet9ja shop.
Bet9ja shops are growing in numbers recently and many people are becoming aware of sports betting in Nigeria, little wonder many guys now stay in betting shops more than they stay in their own houses.
Due to the present recession, many Nigerians are now taking refuge in sport betting as huge winnings are announced from time, this announced winnings are like fuels as they bring more people into the sports betting world.
Why we recommend you open a shop with bet9ja instead of other bookies
There are many reasons why we will recommend bet9ja over any other bookmaker in Nigeria which are briefly explained below. Note that this is a basic how to become a bet9ja agent guide.
a) It is Nigeria’s #1
You know the first is always the best. As Nigeria’s #1 sport betting bookmaker, bet9ja has the potential of growing more that the monster it presently is, having outranked other bookies and taking the first position, bet9ja is the bookie I will always recommend you start with.
b) More agent friendly
Comments from their agents have always revealed that bet9ja is the agent most friendly bookmaker in Nigeria, there are very friendly to their agents and see them as business partners, they acknowledge the fact that without their agents they cannot be at the enviable #1; “Your success is our success – Victor Ekpeba” bet9ja always want their bet9ja shop owners to succeed.
c) High Commission structure
Bet9ja presently offers the highest commission structure in the sport betting market in Nigeria, this is the reason they have the highest number of shops in the country more than any other bookie. You can earn residual income from your bet9ja shop if you utilize the opportunity of owning a bet9ja shop which you can start with a budget of N250,000 depending on your location as it may be higher in some area and lower in some area.
d) The consumers prefer bet9ja
It is no news that bet9ja has the highest customers and the highest sales turnover of the sports betting market as it leads in both customers and sales. Customers tend to patronize bet9ja instead of other bookies coupled with their awesome features like: best odds in the market, up to 170% odd boost which means they pay you more bonuses, best live-in-play service as well as many other awesome features other bookies does not offer.
REQUIREMENTS TO START A BET9JA SHOP
Now you know every fact about bet9ja and why it is an awesome choice to plan on owning your bet9ja shop so as to start earning residual income, if you ask me what you need to start, below are the necessary requirements.
i) Basic computer knowledge
Since the service you will be rendering in your bet9ja shop is internet-based, it is advisable that you possess some computer and internet knowledge to aid your business growth. If you don’t know about computers yet, you can enroll in any certified computer training academy to learn computer basics which doesn’t take long to graduate.
ii) A shop space
I don’t really have to tell you about this as you know it is the most needed, it is where you will be rendering your service of betting for customers, it is advisable you look for a big hall so they will be enough space in your bet9ja shop, install a bet9ja virtual game decoder as this always converts and increases revenue. Don’t make the mistake of renting a shop if it is not in a busy area, your bet9ja shop should be in a very busy area so customers can easily locate it, many make the mistake of renting their bet9ja shop in a place which is not busy because the rent is low, since you are not hiding your bet9ja shop but trying to make it available so people can easily locate it, rent a shop in a busy place, even if expensive, it is worth the money and you will be glad you did.
iii) Computer System
A computer system has to be present at your shop at your bet9ja shop which you will be using to login to your shop account and play games for customers. Make sure you chose an updated computer system with a sufficient ram space to aid rapid operation and internet connection.
iv) A generator set
Electricity has to be present because without electricity you can’t operate. You need a generating plant because most area in Nigeria the local electricity supply is not always sufficient so a generating plant is required to open your bet9ja shop. It is expected you own a good electricity generating set (new one advisable) which you will be using to work.
v) A big printer and one termal printer
A big and termal printer should also be present so as to print your fixtures and betslips for customers as well as other things that require printing like the weekly bonus options, hall of fames etc.
vi) Cash of at least N50,000
I can see your face squeezing since money has found its way here. Bet9ja normally request for some money from you to process your shop application details and there is high chance of your shop approval so you really don’t have to worry. Do not make the mistake of giving money to any of their staff to help you easily get your bet9ja shop approval, he/she may collect money from you and nothing finally work out, just believe you will be accepted since you have met all their conditions.
How to begin my bet9ja shop business
Now you have fulfilled all requirements of being a bet9ja agent and about to start your bet9ja shop application but don’t know where to begin. Here is exactly what to do: Head to the bet9ja agent application portal at agents.bet9ja.com.
Fill the application form correctly. You will be requested to upload an image of your shop so look for a good photographer to take a digital image of your bet9ja shop. After filling every information correctly click the submit button and wait patiently.
You will be contacted by the bet9ja agent consideration team through the email you provide, they may request for a live inspection of the shop so they may send some of their staff there to inspect the shop and if there are satisfied your bet9ja shop will be accepted, you become a bet9ja agent and start earning high bet9ja commission. Congratulations, we hope you successfully learnt how to become a bet9ja agent.