Let's figure out how much bookmakers earn? It's no secret that recently gambling business is very popular. In it, many people see a good source of income for themselves. But do not forget that the bookmakers themselves see this as a good source of income, but for themselves.
Margin Billing
If we talk about how much bookmakers earn, we need to clarify one important point - every bookmaker necessarily lays a margin in the coefficient. The concept of “margin” should be understood as the percentage of profit that the bookmaker will receive at the end of an event. In other words, just a commission.
To make it more clear, we give a simple example. Take a tennis match between two equal rivals. A tennis match cannot end in a draw; there will certainly be a winner. If the chances of both players are equal, then the probability of victory for each of them is exactly 50%. Then the bookmaker must set the odds. This is done as follows: 1/50% = 2. That is, the odds of winning any tennis player are 2. But in this case, the player can make two bets on different tennis players and will not lose in the end. If the player does not lose, this means that the bookmaker will not win. To do this, bookmakers and lay a margin. And how much do bookmakers earn?
For example, if the margin is 10%, then the odds on the victory of tennis players will be calculated differently, namely: (1 - 0.1) / 50% = 1.8. If the margin is not 10%, but 5%, then the odds will be 1.9. Mathematically, it is possible to calculate what margin is set by the bookmaker based on the presented coefficients. For example, if you see odds of 1.5, this means that the margin is 25%. This can be calculated in the following way: 1 - 1.5 * 50% = 0.25.
Do not forget that the risk of losing money for the bookmaker always exists. This problem is solved very easily - the bookmaker simply lowers the coefficient on the outcome of one event and increases the outcome on the second.
Bookmaker Profit
How much do bookmakers earn per day? No need to think about what bookmakers want to help their customers earn. In fact, any such office is just a business whose goal is to make money for its owner. Therefore, bookmakers are doing everything possible to attract as many players as possible. Any betting company has a lot of smart professionals who follow the events in the world of sports. The main task of these specialists is to calculate such quotes at which the bookmaker would be guaranteed to win. This is the main reason that bookmakers earn a lot of money every year.
Human excitement and the desire to feel the adrenaline contributed to the fact that over the past few years the number of bookmakers has increased several times. With the development of technology, betting shops have also developed. Now the vast majority of bookmakers are working on the Internet.
We examined how the bookmaker’s earnings are formed. Now it’s worth considering how much bookmakers earn. Income depends on the following factors:
- Margin
- The psychology of the player.
- Game odds.
- The audience of the office.
Asia
The largest audience at the moment is bookmakers from Asia. Nevertheless, it is difficult to calculate the exact earnings, since most of them work unofficially.If we talk about the Russian Federation, a couple of years ago the turnover of betting companies located in the state amounted to more than 700 million US dollars. To more clearly recognize this figure, we can say that this is more than the budget of some professional football clubs of the Russian championship.
In recent years, the government has made life more difficult for bookmakers. Many had to close. Others continued their activities on the Internet. Many offices that currently operate in the CIS countries have obtained licenses in Gibraltar, Cyprus and other offshore zones.
How much do bookmakers earn in Moscow?
It is very difficult to name the profit of the offices, since they spend a certain percentage of their income on advertising and on tax payments in the case of a legitimate business. However, the experts calculated the approximate amounts. In Russia, a lot of betting companies are located in Moscow. Estimated how much bookmakers in Moscow earn. On average, this amount is about $ 100 per client. Of course, someone can lose $ 1, and someone - 199. But on average, the earnings of the bookmaker will be $ 100. If we compare the earnings of the offices of Moscow and all of Russia with the incomes of leading European bookmakers, then the amounts are generally not comparable. European bookmakers get three to four times more than domestic. By the way, many residents of the Russian Federation make bets in foreign offices via the Internet.
How much can you earn at bookmakers?
The net profit of one of the largest Russian bookmakers is estimated in billions of rubles. Due to the fact that the largest bookmakers are registered in the offshore zone, data on their revenue does not appear anywhere. Bookmakers earn especially a lot with the sensational outcome of an event. For example, for football matches in which barley favorites take part, bets are being made around the world for billions of dollars. If the outcome is positive for the bookmaker, he will be able to cover all his previous losses, despite the fact that a certain percentage of players have made bets on the victory of the outsider. But there are not too many such events, and much more often the favorite takes over, so the bookmakers greatly underestimate the coefficient in order to minimize their expenses.
What do you need to open a bookmaker?
In order to legally open a bookmaker, you must have a registered capital of 1 billion rubles. However, no matter how much the owner pays, his business will soon begin to generate serious revenues. The profitability of the betting business is approximately 10%. However, this figure is greatly underestimated. Only 4% of players who make bets make a profit. The remaining 96% lose to bookmakers. It is also known that in the entire audience of the bookmaker, professional players occupy only 0.2%. Now it’s become a little clearer how and how much bookmakers earn.
