If you want to optimize the profits of your sportsbook, you need to know how to set player limits in bookie software. That’s one way how a bookie makes money. Also, you will minimize the risks when you do it right. The good news is that setting limits is one of the sports betting platform features.
If you desire to be a successful sportsbook operator, you need to comprehend your players well. That means you need to figure out how to profile your players based on their bets, the recurrence of their wagers, and other factors.
How they behave using the sportsbook can determine whether they are casual players or sharps. In addition, knowing the indicators can help determine when to set player limits and access to specific markets.
Guide to Setting Player Limits in Bookie Software
You can control player limits with the best bookie pay per head software. You can set it depending on different factors. Some of them include:
Sharps – Sharps are professional players who have a high win rate. If your players win often, your income will be lower. Thus, it would be best to lower their betting limits when you catch them. In some cases, you need to terminate their accounts. When that happens, make sure you are transparent with the players.
Arbing – Short for arbitrage, it is the process of betting on both sides of the line. It occurs when there’s a significant difference between the odds of two sports betting platforms. Furthermore, you can quickly notice arbitragers with the amount they wager. Instead of rounded amounts, they place weird wagers, such as $14.66. You should check his activity and act appropriately if a player makes bizarre bets often.
Bets on Promos Only – One way to attract players is through promos and bonuses. Some players look around for deals. Also, they only use your sportsbook when you offer bonuses.