Sportsbetting is fun, and more people than you might think wager in one way or another on sports every week. Have you tried your hand at betting, only to realize you were really bad at it? Maybe you are looking at the possibility of becoming a bookie, but don’t know where to start. Perhaps you are already a bookie, but are having trouble building your clientele. Let me help you get a jump on the competition and help get you started.
Pushing the NHL Moneyline with Pay Per Head Bookie Software
The first thing you need to know about being a bookie is that it is a very volatile business with the possibility of huge ups and downs. One month you may experience massive losses, while the next may profit you twice last month’s losses.
You need to consider two things when it comes to those peaks and valleys, your bankroll and your emotions. If you are someone that will smash a TV after a bad day, the bookie business probably is not for you, unless you can afford a better TV. But most importantly is having the bankroll to finance a prolonged string of bad luck.
One thing is a guarantee in the bookie business; if you are a bookie that does not payout and payout on time, you will fail. This day and age, with social media outlets, nobody can hide negative press. Be sure you don’t bite off more than you can chew, accepting wagers you can payout without taking a second mortgage out on your home.
Another thing humans crave are options. If you had the option to go to a t-shirt store that had 50 different styles of t-shirts or one with 5 styles, which one would you shop at? The one with more options of course. The same goes for your average every day bettor. There is much more for the bettor today than your traditional point spreads, totals and moneylines. With live betting, prop bets and the entire betting menu, the sky is the limit when it comes to betting options.
Also available to bookies through Pay Per Head software are live dealer casinos, virtual casinos and a racebook featuring odds from tracks worldwide. There is no doubt if you are the first to offer all these options in your neighborhood, your bookie business will take-off.
Accessibility is the next key to becoming a successful bookie. Do you have the time to be accessible to your clients whenever they call? Don’t think so. Do your players want to have to contact you every time they want to place a bet? I doubt it.
By using a turnkey sportsbook solution, you instantly have every one of your bookmaker needs taken care of. When using one of these services, for one fee you will have your own online sportsbook, allowing your clients to access competitive lines and more options than they will know what to do with, all on your very own customized website.
Setting Schedule Limits with Pay Per Head Bookie Software
Not only will you get a website, you will also get full report generation in real time on-demand, individual player customization, a risk management program, site maintenance and much more. They basically do all the hard work for you, giving you more time to build your business. With a new website, casinos, racebook and expanded betting menu, you will appear bigger than you actually are, giving new player the confidence to signup and bet with you.
If you are seriously considering becoming a bookie, remember it is a 24/7/365 business. There is always something to bet on, so make sure you are ready for that lifestyle. Like anything else, you get what you work for, and the more you work at building your bookie business, the more successful you will become.
With detailed reports outlining every aspect of the numbers, you will have the chance to know your customers better than they know themselves. If you can identify trends, by simply changing a limit on a certain bet type could save you hundreds of dollars a month. The more you get to know your pay per head software, the more you will get out of it. The more you get out of it, the more money you will make.
Today could be the day you become part of a 37 billion dollar industry, and one that is growing. Now that betting on sports has been legalized in some states, it will surely soon be wide open. Top sports networks already talk about point spreads, favorites and other sportsbetting terms on a regular basis, so now is the time to get in before the market gets saturated.
The bottom-line if you haven’t gotten it yet, is if you want to become a successful bookie, using a Pay Per Head turkey sportsbook solution is the key to taking your business where it needs to be if you want it to be called successful. Give a top PPH bookie service a call today and talk to one of their customer service agents to get the answers you need.