Best Betting Company
Over the years, betting has become the new craze among the youth and even the elderly. Many people have taken to betting even others attributing their success of their businesses to betting. This has led to a steady growth of sports betting companies in Ghana.
Bet365 is one of the best betting sites in Kenya, and indeed one of the best in the entire world. They were one of the first to offer a superb online betting experience in the world, and they. Best USA Betting Sites DraftKings. DraftKings has gone from daily fantasy powerhouse to one of the best options for legal US sports betting. FanDuel has built on their daily fantasy success with a flawless betting app and excellent online sportsbook. BetMGM brings the famed casino. Before you consider identifying the best betting site, you might be wondering if sports betting is even legal in the US. The short answer is ‘yes.’ While the long answer is a bit more complicated, most Americans can safely and legally place sports bets online from the comfort of their own home. T&Cs: Minimum deposit of £10 using deposit code 30F - A qualifying bet is a ‘real money’ stake of at least £10 placed on any sports market - Minimum odds of 1/2 (1.5) - Free bets credited upon qualifying bet settlement and expire after 7 days - Free bet.
The betting sites in Ghana compete with each other in order to gain more members. This is done through luring customers with good odds and a multi-million jackpot that is sought by almost everyone. Sports betting in Ghana has become popular due to the fact that sports are a liked activity.
Betting Companies in Ghana.
We have compiled a list of betting companies in Ghana. We have also included Ghana online betting sites to the list.
You can also try out your luck by checking out:
1XBet
BetWay
BetWinner
22Bet
It is true what they say: you can’t win without trying. Why not to try it out today? Now that you know all there is to know about betting, it should be easier for you to play and even win. Why don’t you start by looking for a bet that works for you? It is easy to apply, play, and win. All you need is your smartphone or laptop, and you are good to go.
Supabets.
It is one of the biggest betting sites in Ghana. They offer very competitive betting options with over 100,000 options offered on a daily basis. The site has over a million registered members. They are the leading sport betting sites in Ghana who specialize in tennis and football matches.
They offer compelling deals with free bonuses offered to all new members. They also offer bonuses on all bets played. But they also introduced casino games such as slots and soft games. They also have a variety of virtual games.
Premier bet.
It is one of the most diverse online sport betting company in Ghana. They offer betting options for over 20 different sport disciplines. They also gift their loyal customers with coupons which are in form of increased odds for random bet slips. The site is creating room for offering more attractive deals such as free bets and bonuses.
READ ALSO: Small Scale Business Ideas in Ghana
Mgabet.
Undoubtedly, one of the best sport betting company in Ghana with the best bonuses offered to members. They offer a bonus on their mobile app on any deposit made by a member to their account. They have betting options for over 30 different sports disciplines. They also have offer a wide variety of casino and virtual games.
Eazibet.
They are one of the best online betting site in Ghana. They are well advanced when it comes to live betting. Customers are able to place their bets when the games are still going on. You place the bet when the whistle for the beginning of the game is blown and when its blown to bring the game to a stop. They offer a wide variety of games from different league across the continent and the rest of the world.
They also offer a wide range of attractive options for customers. The customers are also offered free bonuses every time they deposit funds into their accounts.
Safaribet.
They are the best betting sites in Ghana when it comes to different betting options including sports bets, virtual games, live betting and roulette. They also have over 40 different sport disciplines for you to choose from. Members are also assured of free bonuses every time they deposit in their accounts.
Sunbet.
They mainly concentrate on live betting and virtual games. They offer a wide variety of different games with over 200 sports. They also have a section of casino games where they offer slots. They offer competitive odds to all their customers.
Mybet.
It is one of the betting companies in Ghana where you are able to stake little and earn a huge return. Once you won, the steps for withdrawal are very easy. You can have the money deposited directly to your bank account or in direct to your mobile phone. It will take you less than 24 hours to withdraw your money.
Betway.
Probably one of the most established betting companies in Ghana since 2006. They offer a 30% free bonus on all registration by new members. They also offer bonuses to members who direct other members to join the site. They have an elaborated payment system for all your withdrawals. You can also place bets on games that are still playing.
Betfair.
You are allowed to place bets either against the company or punters or against both. They also have rooms for casino and poker rooms. They also offer a 30% bonus discount to all new registered members. You also are allowed to place the lowest stake and earn a big win.
READ ALSO: Profitable business ideas in Ghana 2018
© Provided by Tuko How to start a betting company in KenyaCan you become rich by betting? Whether a fan or not, it is hard to ignore that sports betting is one of the latest gambling crazes in Kenya. The fact is that just like betting itself, betting companies are making a killing, and entrepreneurs are wondering how to start a betting company so that they can also enjoy the crazy profits.
Also known as a bookmaker, a sportsbook is a place where the gambler can wager on different sports competitions. Simply put, it is an individual or company that accepts bets from individual sports bettors. A bookmaker collects bets from gamblers, then make profits after giving the winning party what they earned.
How to start a betting company in Kenya
The sports betting business is very sensitive, and any small mistake can result in hefty fines or a business permit withdrawal. Here are all the requirements needed to start and operate an online and offline gambling business successfully.
Procedure for starting an online gambling business
The prerequisites needed to start an online sportsbook are:
1. Company registration
Before starting any business venture in Kenya, you need to register the business name. If wondering how to register a betting company in Kenya, you first need to choose an appropriate name, do a name search, and if it is available, reserve it at the office of Registrar of Companies. In this case, you can either opt to register it as a partnership or a limited company.
2.iGaming software
The second thing you need to create a betting site is an effective gambling software from an authorized company. This is the software required to automatically update live matches, completed games, and upcoming competitions. Moreover, the software aids in fixing the odds for the games based on previous performances.
How much does it cost to start a gambling website? Owing to the complexity and technicalities associated with the IGambling software, it is quite expensive to get.
3. Gambling permit
Next on the list is acquiring a gambling licence. One can obtain this documentation from the Betting Control and Licensing Board – Kenya (BCLB). This is the department under the Ministry of Interior and Coordination of National Government charged with the mandate to license, regulate, and control gaming activities in the country.
4. Merchant account
One cannot start a sports betting company without a merchant account. Here, an investor will deposit the large sums of cash needed to pay off winners who predict the right odds for the games.
Initially, investors needed to deposit at least Ksh 20 million into their merchant account, but the new rules dictate that a sum of Ksh 200 million is needed in this account before one can be allowed to operate a gambling website.
5. A dedicated server
Sports betting website development cannot be done without a dedicated server. This is due to the intensity of activities that will be ongoing in the online gaming site. For instance, there are credible web hosting companies like Bluehost, Namecheap, or Godaddy that one can use. This server must not be shared with any other person.
After completing the above steps, one can start and operate their online sports betting company without any problem.
Image: unsplash.com, @captainunibrow
Source: Depositphotos
How to open a betting shop
Some operational betting companies are taking the franchise route in an attempt to reach more people and earn more revenue. An excellent example of such a company is Betin, a trusted sports betting firm in Kenya. You need the following to become a betting agent.
1. Security deposit
Betin required agents to deposit a sum of money as security deposit with them. Its deposit was set at Ksh 150,000 where one would need to pay Ksh 100,000 immediately and the balance to be paid in five monthly instalments of Ksh 10,000 each.
2. Good location
The betting shop must be at least 50 square metres and be situated on the ground floor of the building. Additionally, the shop’s location must be more than 100 metres away from the nearby church or school. The investor must perform all general renovations of the shop from the wiring to the furniture, among others. The betting company will only provide equipment for the tills.
3. Stable Internet connectivity
Best Betting Company In Kenya
In setting up a betting shop, one requires an Internet connection with at least 5 Mbps speeds. This type of bandwidth costs approximately Ksh 3000 per month.
4. Licences
Agents of betting shops need to apply for a general trading licence from the Registrar of Company as it is a business like any other. To add, they must procure a permit from the Music Copyright Society of Kenya.
5. Power back-up
Electricity is a big part of the betting business, and so one must have a back-up generator that automatically switches the power on during a blackout. Confirm if the building hosting the shop has a generator and consider purchasing one if it does not.
6. TVs and streaming service
One will also require TV sets placed in different locations inside the shop. These TVs will steam all the live matches from the various sporting channels. Apart from the TVs, one must have a Dstv decoder and subscribe to the premium package, which costs approximately Ksh 7500 monthly.
Best Betting Sites Uk
7.Operating cash
One also needs some cash float to operate a betting shop. This money will be used to pay off the client’s winnings.
How much do I need to start a betting company in 2020?
Statistics released by the Ministry of Interior in April 2019 depicts that approximately 76% of Kenyan youth are active gamblers. Besides, the majority of these young and energetic citizens have become addicts losing their hard-earned money betting 899 daily.
Therefore, new and stringent laws have been adopted to curb gambling addiction and protect the country’s youth. How much money do you need to start a sportsbook? Now that you know everything required to start and operate a gambling business, whether online or as an agent, you still need to know how much investment one needs.
According to the new proposed laws passed in April 2019, individuals hoping to start an online betting venture must part with a whooping Ksh 500 million. Because of this new legislation, many small-scale investors in the business have had to close up shop.
That is not all, gambling licences are now costing Ksh 100 million under the new proposed rules and regulations. Investors also need to deposit a sum of Ksh 200 million refundable security deposit amount with the Betting Control and Licensing Board (BCLB).
Also, venture capitalists in the online betting industry must deposit another Ksh 200 million as a collateral investment to sustain business activities. The revised gambling laws have hard-hit agents seeking to set up betting shops as they are now required to part with a sum of Ksh 30 million to obtain their licence and security deposits.
The gambling industry is one of the most lucrative industries worldwide, generating millions of dollars annually. Nevertheless, the Kenyan government must protect the consumer from exploitation by locking out many investors so that only a few players can start and operate betting companies successfully. In case you fall within this category, now you know how to start a betting company.
DISCLAIMER: This article is intended for general informational purposes only and does not address individual circumstances. It is not a substitute for professional advice or help and should not be relied on to make decisions of any kind. Any action you take upon the information presented in this article is strictly at your own risk and responsibility!
Betting can be frustrating, especially if you lack the basics of placing a bet and winning. A few months ago, tuko.co.ke shared tips on how to bet in Kenya successfully. First of all, if you are betting on a game, conduct thorough research before placing bets.
You need to be analytical. Bear in mind that any profit matters, and lastly, have and maintain a betting record. Interestingly, you can better your gambling habit by taking note of your losses.
Best Betting Company In Kenya
- How to start a clearing and forwarding company in Kenya
- How to identify the best betting sites in Kenya
- How to start a tour company successfully in Kenya
- How to start an internet service provider company in Kenya