Last updated on March 31st, 2020 at 08:53 pm
Serious sports bettors want to win money. The more they earn, the better. And quite a number of sports bettors have thought about putting up their own sportsbooks to earn more money. After all, instead of just winning one what you bet, a Pay Per Head Bookie will enjoy income from all wagers made under his sportsbook.
But most of those who think of taking the next step to be a bookie feel intimidated with the workload required to manage a sportsbook. While it is true that you will need to put in some work to build a stable and profitable sportsbook, it certainly does not require a lot of resources. Oftentimes, the simplest way is the best way to create your own sportsbook.
Be a Pay Per Head Bookie Easily
The basic formula for an online sportsbook is to have money, a website, sports betting software, and, of course, players. The players and the money, you can easily have. The general rule in running a sportsbook is to have enough money to take care of all wagers in a worst-case scenario. This gives bookies the flexibility to have either a small sportsbook, or start with a large one. More often than not, bookies start small and expand gradually to a larger operation. The website and the sports betting software, however, is a bit hard to acquire. You will need to spend thousands of dollars to use sports betting software, plus spend a few more thousands to create a website.
But you can’t go cheap on your software and website. It is, to compare with any other business, your office, per se. So you will need a reliable, secure, and easy to use software to make sure your sportsbook is running well. This is where your pay per head bookie comes into play. Instead of forking over thousands of dollars to get started, all you need to do is register in a pay per head service.
You may think it is too good to be true. No, this is not a way to magically give you millions in profits. It is not a quick-rich scheme. A pay per head bookie uses the pay per head service to run the sportsbook. The bookie will only pay a fixed amount that is based on the number of players in your operation.
So how is this done, you may ask. It is very simple. You register for a bookie account in a sportsbook pay per head provider. Then, you configure your account by fixing your lines, player limits, and publish your website where the players can place their bets in. Next, you just add your player. Then you give them the information for them to join and start placing bets in your sportsbook. The cost? A few bucks per player.
All you need to do now, is to focus on managing your sportsbook. Your pay per head service will have data management tools for you to use, so you will spend less time understanding your lines and players. Lastly, you will now have the time and resources to promote your sportsbook and expand your operations. Setting the lines, the player limits, odds, and all that is challenging enough for a bookie. Using a pay per head service will help you with the small details, and will contribute to you having a profitable sportsbook without the headache.