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Amateur bettors typically place smaller bets than professional players, so the starting capital for a sportsbook business can range from $5,000 toR$10,000.
If you take in no more thanR$10,000 a week in bets, then you should start withR$10,000 on hand. That's about what you would expect if you were opening a local bookie operation. If you are starting a sportsbook business in a major city and plan to launch a major operation, you might need up toR$500,000.
Houston furniture magnate Jim "Mattress Mack" McIngvale made history Saturday night with the largest legal sports betting payout in history $75 million thanks to the Houston Astros' triumph in the World Series.
Mattress Mack Wins $72.66 Million, Biggest Win in Sports Betting History.