Make money with betting

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In Germany, federal states issue licenses to sports betting providers. Municipalities decide whether and where to allow betting shops. Anyone who wants to open a legal betting office and earn money with bets can only do so as a branch of a licensed betting provider. Alternatively, he can open a betting office as an agent for sports betting. He works as a partner in an EU-licensed company.

Every year, millions of people are drawn to legal and illegal betting shops. Many dream of big profits. For others, this way of making or losing money is just a pastime. Quite a few, however, are addicted to gambling and bet until the money is gone.

Earn money by betting online or in the betting shop

  • In general, a betting shop is a branch of a betting company. In a special place, the betting office acts as an agent for a customer or player. Most sports betting is concluded on the outcome of a result. However, different betting offers are also possible. Racing bets fall under the Racing Betting and Lottery Act. Equestrian sports bets therefore have a different legal status.
  • In order to make money from betting, the predicted event must happen. The actual betting process begins with betting a freely chosen sum of money on a result. The player receives a ticket as a receipt. This is required for any later payout of winnings. Winnings are paid out on the basis of a win rate set at the start of the bet.

Sports betting brokerage on behalf of EU-licensed companies is permitted

  • The mediation of sports betting is legally permissible after a decision by the Bavarian Administrative Court. At least that is the conclusion of a closed legal proceeding for the prohibition of the brokerage of sports betting.
  • An EU licensed company may not be prohibited from operating in Germany if the state sports betting monopoly serves as the justification.
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  • Nevertheless, the freedom of service and freedom of establishment for companies under Union law in the area of ​​gaming is restricted. Municipalities can defend themselves against the opening of gambling establishments and betting offices with their own laws.

Become an intermediary for sports betting in your own betting shop 

As an agent of sports betting, you can use a Betting franchise Act.

  • As a betting broker, you have to have enthusiasm for sports betting, reliability and entrepreneurial thinking and acting as personal requirements. There must be no negative Schufa entries and no entries in the certificate of good conduct.
  • To as Franchise partner To be able to earn money independently, you have to invest money in the betting shop. Depending on the franchise partner, between 25,000 and 50,000 euros are required.
  • In order for you to be able to earn money with a betting shop, your future restaurant must be in a city with at least 20,000 inhabitants. A good central location is good for business.
  • With a good franchise partner, you will be able to run a betting company successfully. Because he will also give you help with legal questions and support you in the event of resistance from the municipalities.

Incidentally, betting debts, popularly known as debts of honor, do not have to be paid. At least the German Civil Code (BGB, § 762) does not provide for the establishment of an obligation through gambling and betting.

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