How much does an internet betting platform cost ?

[cosmicway]

I am interested to know this.
How much does it cost for a race course to build such a platform, for the tote system as in America ?

I don't aspire to become a bookmaker but as it is being talked about here in Greece I want to know the likely cost.

We have the fixed odds betting sites of the various European companies, two similar Greek sites but nothing for the races. In fact we have the only race course in the world with no internet platform, only betting shops !

[P.Rosa]

It cost a lot of money to operate a betting site in the USA.

Look at Minnesota's requirements.
https://mn.gov/elicense/a-z/?id=1083...1/sort//order/

[Dave Schwartz]

It's cheaper to start a whale team.

That's only about $1m.
$500k for infrastructure costs
$500k for starting Bankroll




.

[cosmicway]

Originally Posted by P.Rosa

It cost a lot of money to operate a betting site in the USA.

Look at Minnesota's requirements.
https://mn.gov/elicense/a-z/?id=1083...1/sort//order/

It says $ 12500 annual maintenance and fees.
That's not a lot for a racetrack company but the initial cost ?

Look at this site (it's theirs):

https://www.stoiximan.gr/

This is for football mainly and some other sports.
No racing, fixed odds - no mutuel.
How much did that cost to make ?

This Greek company back in 2007 bought an internet display system from Australian Tabcorp for 20,000 euros, but that was not accepting bets - only for people to see the price fluctuations at the shops.
Now they discarded it and bought a similar one from an Italian company (but the old one was better).
This is the kind of feel I have for costs, for a real betting site I don't know.

For football they splash money mind you but for racing they are scrooges, counting every penny.
In 2014 for livestreaming they had the US today free !
Worked lousy.
US today starters pack was $ 50 per year - should have worked well for them - they were not giving the 50 bucks !
Now at least they do have a proper livestream.

[steveb]

Originally Posted by Dave Schwartz

It's cheaper to start a whale team.

That's only about $1m.
$500k for infrastructure costs
$500k for starting Bankroll




.

i was part of one that started about 2010, and folded, before it had started betting serious money.
too many conflicting egos.
that was upwards of 7 million(AUD) way back then

[cosmicway]

Originally Posted by steveb

i was part of one that started about 2010, and folded, before it had started betting serious money.
too many conflicting egos.
that was upwards of 7 million(AUD) way back then

If AUD stands for Australian dollar it is equivalent to 4 million euros, 4.6 million US dollars in today's conversion rates.
It is kind of expensive but of course it depends. For a national circuit the size of the French one say it is pin money. For the case of the Greek race course it looks sizeable.

Never searched this one before really.
I had a friend some 20-25 years ago and we were looking at the first bookie sites and I asked him as he was a kind of geek and he said they cost 50,000 euros. But he too was not really into this kind of application.
Then there was someone else who saw my horse racing blog and he thought I might be somehow connected with the authorities and he wrote to me that he is a computer programmer and he could create a betting site for 25,000 euros.
But I guess you think this was info of no value.

[steveb]

Originally Posted by cosmicway

If AUD stands for Australian dollar it is equivalent to 4 million euros, 4.6 million US dollars in today's conversion rates.
It is kind of expensive but of course it depends. For a national circuit the size of the French one say it is pin money. For the case of the Greek race course it looks sizeable.

Never searched this one before really.
I had a friend some 20-25 years ago and we were looking at the first bookie sites and I asked him as he was a kind of geek and he said they cost 50,000 euros. But he too was not really connected with this kind of applications.
Then there was someone else who saw my horse racing blog and he thought I might be somehow connected with the authorities and he wrote to me that he is a computer programmer and he could create a betting site for 25,000 euros.
But I guess you think this was info of no value.

yes australian dollar, no idea of what it was in other currency.
it was financed mainly by a bloke whose main thing was as a corporate bookmaker(one of the first).
most of the people there were ex alan woods, so maybe knowledge is not enough, harmony might have been more important.

[cosmicway]

Originally Posted by steveb

yes australian dollar, no idea of what it was in other currency.
it was financed mainly by a bloke whose main thing was as a corporate bookmaker(one of the first).
most of the people there were ex alan woods, so maybe knowledge is not enough, harmony might have been more important.

We are talking of website handling mutuel ok ?
Bookie site is algorithmically different and it may be more expensive or less expensive (I don't know).
But I guess re. bookie site one can buy a used one -from the several old companies- while the mutuel sites I know are few.

n.b. the other one above, Dave Schwartz, with the 1 million what is he talking about ? whales ?

[steveb]

Originally Posted by cosmicway

We are talking of website handling mutuel ok ?
Bookie site is algorithmically different and it may be more expensive or less expensive (I don't know).
But I guess re. bookie site one can buy a used one -from the several old companies- while the mutuel sites I know are few.

n.b. the other one above, Dave Schwartz, with the 1 million what is he talking about ? whales ?

yes, i was mostly responding to schwarz, and knew it was off topic.
whales....yes i think he was.
sorry.

[cosmicway]

Originally Posted by steveb

yes, i was mostly responding to schwarz, and knew it was off topic.
whales....yes i think he was.
sorry.

Ok. I understand about that.
Your reply was useful yet cost-effectwise I 'm not the one to judge.

[Gorrex]

To build a modern ADW
A few million.

To build a modern Tote system.
A few tens of millions.

Assuming you don't cut corners and actually build a truly enterprise level system.

[cosmicway]

Originally Posted by Gorrex

To build a modern ADW
A few million.

To build a modern Tote system.
A few tens of millions.

Assuming you don't cut corners and actually build a truly enterprise level system.

The Greek tote system exists since 1998.
They made some changes in 2016 (I don't know if it was from top to bottom).
What they don't have is internet platform.
That's bad overall. Everybody nowadays is on the internet, peoples cell phones are on the internet. Sometimes I go to the country, no shops there - they lose my custom.

[lamboguy]

I have an account with a simulcast facility that I believe uses auto tote or amtote
.they provide a very simple platform for internet wagering..i am pretty sure it comes with their service at no extra charge

[cosmicway]

Originally Posted by lamboguy

I have an account with a simulcast facility that I believe uses auto tote or amtote
.they provide a very simple platform for internet wagering..i am pretty sure it comes with their service at no extra charge

Tote must take the wagers from the internet and stream them with the total of wagers.
That's the basic function.
So the two systems must parlay - it's a matter of installing the software.
But when you say "simple" how simple and how much does it cost ?

It is also possible to have two separate pools.
Internet and earth based.
The French PMU have done that, for some reason they like it that way.