Successful Gambling Business
If you are looking to run a successful gambling business by taking action on sports then the best way to do that would be to use a pay per head provider.
These services provide bookie agents that want to book action with a website with thousands of sports betting options that players can wager on each day. The odds and lines are managed up to the second directly by the pay per head sportsbook provider.
The reason they are called pay per head (PPH) is that that is how the pricing structure of the service is handled. These companies such as www.AcePerHead.com charge a flat fee of $10 per active player per week and then the agent will only pay for a player if the player had a graded wager for that week. So this just simply means that if a player does not bet that week then you will not get charged for that player that week. So if you have 100 players but only 62 players had graded wagers that week then you will only pay for the 62 players, which would be $620 for that week.
Then whatever the players win or loss for that week you as the agent will keep 100% of those profits. In addition, if a player makes 1 wager or 1,000 wagers that week the price will still be the same $10 for that player. There are no hidden fees, and this leaves agents with an unlimited potential of how much they can earn each week. Bookies that have 62 active players a week can make anywhere from $4,000 to $50,000 a week, which will just depend on the type of bettors you have.
People that bet on sports all lose over the long term, and depending on how much money your players bet, will go a long way in determining how much money you will make. Sure some people may make only a few $25 bets per week, which means that your earnings for a player with a betting style like that will be much less than a player that bets $300 a game and bets 20 different games a night. There are all types of bettors such as large bettors, or small-time bettors, everyday bettors, just NFL bettors, or you’re flat out degenerate bettors that will bet all day long and on anything that is available to bet on.
The key to being a successful bookie is to have as many players as you can in order to give you a nice diversity of the type of bettors that you will be booking action from. The other important thing is to just start by taking action from people that you know and trust. That is important because even though all players are going to lose over the long term you do also need to make sure you can actually fully collect what people lose.
It doesn’t do any good to let someone lose 5k in one week when you know they are a person that only earns 1k a week from their day job. This doesn’t do anybody any good, so it is important to keep realistic limits specific to each person, that way when they do lose they can actually afford to pay what they lose. That is important because being greedy when taking action does not mean you will always make the most money and be successful from your gambling business. Instead, it is wise to keep limits for each player at an amount that each player can afford to pay.
Pay on Time!
The other major thing is to make sure you always pay the people that win, promptly and in full, in order to build a great reputation for yourself. Just by doing that you will keep your players happy and it will lead them to refer their friends and family to bet with you as well since you have built up such a good reputation because no one wants to bet with someone that can’t get pay when they win or pays slowly when they win. So if you can do that you will be well on your way to establishing a successful gambling business.
How do I Start a Gambling Business?
Starting an online gambling business on your own can be difficult and risky not mention extremely costly. If you really want to jump on board the best way to work with a pay per head company.
A pay per head (PPH) is a company that provides online gambling services including sportsbook software, servers, and databases, and of course the lastest sports lines and odds.