How to be a bookie and always win at betting
How to become a bookie: preparing for the perils of life in the betting jungle
How do I become a bookmaker? With the betting ring routinely reported to be in freefall since the advent of Betfair, the number of hardy souls prepared to stand in the ring day in and day out is dwindling by the year, but there are still those who are attracted by the way of life and the potential for profit, so if you are among them, how do you go about becoming a bookmaker? Adrian Pariser, better known to racecourse regulars as Sam Harris, is one of the old school whose links with the industry were passed down by inheritance. In those days you had to go through a magistrates' court to get your licence and then renew it every few years but, as I recall, because I was just carrying on the family business there were no great problems getting a licence of my own. Robin Grossmith, year-old director of the Federation of Racecourse Bookmakers, has seen many in his profession come and go.
How can you become a bookmaker? What are the pros and cons of being a bookmaker? In this article a former on-course bookmaker shares.
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After your Operating Licence has been granted, you should download an Application for Authorisation form from the AGT website, complete it and send it in with the relevant documentation and fee see the 'Bookmakers' section of our website. Alternatively it is possible to rent most equipment from independent contractors on a daily basis - please phone us for further details. To trade for the first time, you must be authorised by AGT and you must have purchased your own positions on the relevant Bookmakers' List we call these 'List Positions'. List Positions can vary a lot in price depending on racecourse and ring - needless to say, it costs a lot more to purchase a prime position at a premier racecourse than it does to purchase a low-ranking position at a lesser track. Looking at 'Online Auction Results' in our 'Document Downloads' section will give you an idea of what List Positions are worth, although it can be a volatile market. Next time you are racing try to have a chat with our our Betting Ring Manager.
If you are seriously interested in becoming a bookie then it is important to know how much money one should have in order to begin this business venture. The exact amount of money that you will need to become a bookie can actually vary and that mainly depends on how many players you plan to have betting with you and how much you plan to allow them to wager on each game when you begin. Yes over the long-term players are going to lose when they gamble on sports, however, you always need to be prepared to have money on the side for the weeks that they do end up winning. Players are going to win sometimes, and they have to win sometimes, otherwise, they would never continue to play week in and week out. Also if they lost every single week then they would quickly run out of money to bet with, which is not exactly what you want because then they will not be a long-term player.