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The cost and requirement for opening betting shop (Bet9ja, Nairabet) by Everest(m) : 3:32 am On Feb 06
Do you have the dream to become Bet9ja, Nairabet or any other betting companies agent, if the answer is yes this thread is for you because I want to tell you all you need to know about opening a betting shop in your area or any other place of your choice?
I will be using Bet9ja as an example as they are the most popular sports betting company in Nigeria but yes it doesn't matter if you want to become an agent to other betting companies as long as you have a good business plan and target.
Before telling you more about the cost and requirement for opening a betting shop like Bet9ja and Nairabet I want to encourage you to go ahead if you find a good shop at the right place.
While preparing to become the proud owner of a betting shop there are few rules and regulations you must be aware of before kick-starting your betting business.
To be more accurate on their rules and regulations you need to contact the betting company you want to join for more clarifications but to tell you what I know, below are the rules you must be aware of before opening a betting shop.
⇒ You will not be able to open another betting shop from the same company in a particular area or streets once someone else is already operating, you need to make sure that there is no betting shop from the same betting company near your own.
How much can I earn becoming Bet9ja or Nairabet Agent
How you earn and the amount you earn depends on the betting company you join but Bet9ja pays their agents based on turnover which means you will earn some money for every bet you print with no risk on your side while Nairabet pays upto 50% of monthly profit and if there is no profit then no money for you.
Cost and requirement for opening betting shop
This is the main reason why am writing this article to tell you all it requires for you to become Bet9ja or Nairabet agent and setting your own betting shop in your area.
1. Good sizable shop in a good location
You will need to find and pay for a sizable shop and which will cost you between 50,000 - 150,000 Naira per year depending on your location, it could be more or less.
2. Good cashier counter
You will surely need a carpenter to construct a good cashier counter which should at least accommodate 2 cashiers which might cost between 10,000 - 50,000 Naira depending on the size and what you want.
3. paint your shop
After the carpenter might have finished his work, you need to paint your shop to make it look attractive to your customers and if you are going for Bet9ja then consider light green paint to match with their own color.
4. Laptops and Monitors
You need a good laptop and desktop monitors for this work as you will need to duplicate the laptop view with the desktop monitor using DVI-D, DVI-I, Dual-Link DVI wire to enable 2 in 1 screen view between the cashier and customers.
Affordable used Laptop might cost between 25,000 - 70,000 naira while used and good desktop monitor can cost between 4,000 - 30,000
4. Printer and Notice Board
You need to buy a good printer that will help you print out all the sports events that your customers can bet on and after that, you will need to pin them to the notice board.
Both of them can cost between 7,000 - 20,000 Naira depending on the type you want.
5. 80mm Thermal POS Receipt Printer
This printer is used to print out the games play by your customers and it will cost between 10,000 - 30,000 Naira
No matter how constant you normally have light in your shop you must have an alternative power source in case if the light suddenly goes off and buying a good small generator will cost you between 25,000 - 40,000 Naira though am not talking about small Tiger generator.
7. WIFI 3G/4G Modem
Since you have laptops and desktop monitors the next thing you should consider is how to get them connected, that is why you need a good wireless modem that can connect all your computers at a time.
You will need between 8,000 - 20,000 Naira to buy a good wireless modem.
8. Sim Card and Data
You must find out the network that works best within your location because customers will not be happy to wait for your poor network to respond, that is why you need the fastest network available and not actually the cheapest.
Registering a new Sim card and data will cost between 1000 - 10,000 depending on the data plan you choose.
If you have more question or suggestions regarding this guide the cost and requirement for opening betting shop (Bet9ja, Nairabet) then feel free to join the conversation
9. Initial deposit or registration fee
You will pay some money to the betting company's account, you can call it registration fee or initial deposit that will enable you to start your business, bet9ja will initial deposit is N50,000 that will be credited to your agent account to get your started while Nairabet collect 25, 000 as initial deposit, so its all depends on the betting company you are apply for.
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