I'm thinking of opening an Off Track Betting Establishment?

Question

I'm thinking of opening an OTB and would like input.... First does anyone know someone who operates one or knows a lot about it so I could have some questions answered via e-mail? questions for you all with just your opinion as advise. Is off track betting a thing of the past... Meaning does online wagering hurt the OTB establishments? How much? How profitable are these places? Any other advice or opinions... I love horse racing and would really like to operate an OTB. I understand theres legal requirements but those aside i would like input.

Anything is great thanks.

Answer 1

Depends on where you are, when I saw "establishment" in your question I kind of figured you might be in Europe. I'm American/ Canadian and I know a little about our OTB's. But my info probably wouldn't do you much good.

In Canada a lot of the OTB's are affiliated with either the track or the OJC ( I reside in Ontario when there). They are pretty busy on week-ends and big races.

In the US it varies from State to State. Shockingly a lot of States do not allow them ( Well shock to me anyway...LOL!). I have been known to frequent an OTB when I am on the road and not close to a track. Most Southern States do not allow them ( East Coast from NC to Georgia).

I don't think an OTB is a thing of the past! For many who love racing it's their only option. I'd rather go to an OTB than pay some of the fees you see in on-line betting! The OTB's I really like ALOT happen to be in Canada and are at racinos... they make them like Las Vegas  race books. They are comfortable, easy to get in and out of and offer either SAM machines (betting machines) or "windows" to place your bet. I have been in nice OTB's in Virginia but some are also not so nice there, meaning they aren't as comfortable not so much as in "seedy". The ones I have been in in NY are bare minimum card tables (per se) chairs and TV's... and that's it. (But I have only been in OTB's in small town OTB's in NY ...not any in NYC)

If you happen to be in the US you can email me thru yahoo, I can put you in touch with one person I know who runs an OTB in Hamilton, Ontario Canada. Hers is in a restaurant and does great business. And I know one man who owns one in Richmond Virginia. His is a stand on it's own OTB and he does remarkable business at big race time, I can't say what his business is on most days though.

Answer 2

u will earn millions per month if u open an otb in malaysia

Answer 3

in California all o.t.b.'s are state run.....good luck.....move to Nevada....

Answer 4

Running a private OTB operation is called illegal bookmaking and will get you thrown in prison if caught. OTB operations are are either government or quasi-government operations. There are major corporations that offer on-line betting accounts, but these are all in partnership with the tracks which are state controlled and require millions in resources for licensing fees and covering bets.

In England and several other countries private bookies are legal , but not in the U.S.

Bob