Become a Bookie in College
In the United States, the student loan debt crisis has become even more serious in 2020. As of February of this year, there were 45 million borrowers – including people in college now and people who have left school but still have balances due – and they owe a combined $1.6 trillion in student loan debt.
Use This Income Secret to Pay for College
Student loans have become the second-biggest source of consumer debt in the United States, only behind mortgage loan debt. For the average person who graduated with an undergraduate degree in 2018, the debt load is $29,200, about two percent higher than the year before. But how do you avoid taking on this type of debt? It’s not like getting a minimum-wage job will put a dent in your college expenses. One way that you can make a good deal of money – assuming that you know how to manage the business – is setting up a sportsbook. Understanding how to become a bookie in college can create a revenue stream that you can use to pay for school while your friends are having to sling cheesesteaks and chase tips.
Keys to Opening a Sportsbook
If you’re really interested in learning how to become a bookie in college, it is not all that complicated. You just need a few things: people to lay bets with you, money to back the bets that you take, and access to a website. AcePerHead.com is one of many pay per head websites that have sprung up over the past decade or so to allow bookies to move their business online. If you want to buy access to your own software package to set up your website, that can cost into the five and six figures. Companies like AcePerHead.com allow you to pay by the head – in other words, you pay a fee for each active bettor you have on your account each week. That means that you’re not out thousands of dollars; instead, you’re out just a percentage of your profits each week.
There are other reasons for you to use a pay per head bookie site beyond the initial savings in layout. After all, if you’re a college student, you (ideally) have to spend a lot of your week in a classroom, or watching lectures on Zoom. You also have to spend a lot of your time doing work to prepare for class, as well as essays and projects. You don’t have the time to set up a website all by yourself on the basis of some expensive software that you just purchased. Instead, you just set up your preferences on your dedicated sportsbook page on Ace Per Head.com and let the website management team handle the rest.
What does this mean for you?
You take advantage of our expertise and set up the customization options that you want. That means that you pick out the design elements that you like and set up your preferences for payment choices. You also pick the sports, leagues, games, and props that you want to offer action on. You set the point spreads and lines that you want to use. Then you put down your phone and head to class. If you’ve got clients betting, while you’re sitting and listening to a two-hour lecture on ancient Egyptian civilization, your sportsbook is making money.
The Risks Involved
Obviously, there is risk associated with gambling – and the books face the risks too, even though you will build in some guaranteed profits for yourself through the use of moneylines, if you choose to use those. Every now and then, though, a bettor will win big. Back in 2015, amateur sports bettor Tayla Polia made a $5 bet that was a 15-leg parlay that brought her back that same $5 – plus $100,000 more. She had 14 picks against the point spread along with one pick against the point total. She didn’t even realize she was picking against the spread when she made the parlay, because the last game was between the Carolina Panthers and the New York Giants. Carolina was a five-point favorite but only won by three. Initially, she thought she had lost – but the parlay ended up paying off.
As a bookie, you need to make sure that you have the cash on hand to pay for winnings. If you can’t pay, you will lose credibility – and your business – in a hurry. One part of understanding how to become a bookie in college involves learning to lay off bets to hedge your own losses, to set betting limits, to check your own accounts to make sure you can deal with the action.
Ace Per Head makes it easy to set betting limits for each client. You know how much credit each of your clients can handle, and if that amount is low, keep it low. Losing the business of a potential deadbeat is worth the headaches over time. That way your relationships with your friends who end up betting with you – but not paying you back. Putting everything online means you don’t have to go looking for cash that they may not have.
On the other hand, think of the rewards! Imagine spending just a couple of hours a day on your business – and making a lot more than your friends who are checking out books at the school library or making sandwiches at the student union. While you’re in class, you are making money. While you’re out on a date, you are making money. That is the great thing about passive income streams – once they start running, they keep running so long as you manage them well. You’ll want to check your active client bettor list often so that you don’t pay weekly per head fees for people who aren’t wagering with you. You also want to keep an eye on your account balances to ensure that you have the cash to keep the business running.
Ace Pay Per Head has shown many others how to become a bookie in college and helped them make all kinds of money. We look forward to working with you too. Give us a call today!