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Illegal bookies and offshore sportsbooks can’t tout the same qualities.I don’t know of any country where unlicensed bookmaking is legal.Countries with licensed markets like the UK treat bookmaking as a serious offense because they want to protect their sports betting industry. This has to do with fears stemming from the Chicago Black Sox Scandal, where certain Chicago White Sox players accepted bribes to throw the 1919 World Series.
That said, running your own sportsbook is an alluring prospect.
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According to estimates, the worldwide sports betting market is worth trillion.
But despite how easy it is to get started, I don’t recommend becoming a bookie due to the legal risks and hassles you’ll face.
The great thing about running a licensed online sportsbook is that you are legal and can advertise through mainstream channels.
This was a lucrative proposition up until 15-20 years ago.