If you’ve got this far into your research, you’re probably already familiar with the term and what it means, but here’s a summary: To start with, you need to have enough to cover your payouts, but you also need to be able to pay for the other expenses that come with setting up this kind of business. There will be utilities, for example. 2. Work Out The Vig. A high-risk merchant account is the best way to ensure financial security for your business. Any bookie business is automatically high-risk, so you’ll need a high-risk merchant account in order to process payments. To start with, make sure your website has all the basic features you’d expect, either from any website you visit or a bookie website. Since there is a mutual benefit here, you won’t need to pay anything, but it’s not very helpful if you don’t have an existing audience.
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