How much does it cost to build a betting exchange website?

Question

How much does it cost to build a similar website to betfair? Betfair is a website where you can initate your own bets instead of going throug ha bookmaker.

Answer 1

Hi Winthorpe T!

Yeah hosting and domain registration are very cheap. However building a site as compliacted as say Betfair would cost loads if you can't program the databases wtc yourself. Also you would need many people for data entry and maintenance.

To host a website like Betfair you would need dedicated servers and staff though you could build up to that by starting small. The real problem would be competing with Betfair. Getting enough customers to put some liquidity into the markets.

Betfair have the exchange market sown up and even good sites like Betdaq and WBX struggle in their shadow.

If you go ahead with it though let me know and I'll place a bet!

Answer 2

It doesn't take much to start a website. Hosting now a days is cheap, but I would definitely recommend reading this material before you do, if a betting exchange site if what you're into.

http://www.moneymakingscoop.com/go/betsp...