Betting companies in Kenya are making money like crazy and nearly every Kenyan is wondering what are the steps one should follow to own a betting company.
Well, here are the steps to follow.
But before we start is good to know that to start such companies requires strict measures where the customer is highly protected.
Any slight mistake the company will be highly penalized or the license was withdrawn.
1. Register your company
This is the first step; Search for a good company name and register with the registrar of companies.
You can register it as either partnership or limited.
2. Look for a professional gaming software
Look for a credible Gaming software that will automatically update on live, completed and to be played games.
It is also responsible for fixing odds in terms of the teams' performance.
It's a bit expensive though.
3. Get a gambling license
This is a mandatory requirement and it's obtained from Betting Licensing and control Board_Kenya (BLCB)
4. Open a Merchant Account
This is an account where you post huge sums of money to award winners.
You need like 20 million in the Account.
5. Find a dedicated server
A dedicated server is that server that you don't share with anyone.
This is a must since there is a lot of activities happening in your account.
Your website can be hosted by Bluehost or Namecheap of Godaddy which are credible companies for web hosting.
After the requirements, you are set to go.
Expect huge returns.