Is Pay Per Head Legal?
Pay per head is a service that bookies use in order to book action on sports. These services provide a fully inclusive website that is a turnkey solution where they post up to the second odds on thousands of sporting events each day. These services handle all the technical functions of bookmaking while you as the bookie just need to have players that want to bet with you thru the website.
The legality of pay per head will obviously depend on where you are located. So the first thing you will need to do is check with your local attorney to see if booking action and using a pay per head service is something that is legal in your specific area. Especially in the United States with a lot of recent laws changing in regards to the gambling business, it is important to find out the specific laws in your state to make sure you are doing everything by the book.
In addition, you should also speak directly to the pay per head provider like www.AcePerHead.com, to see where they are located and if they themselves have the proper licenses. This is an industry that usually gets a bad rap do to movies and legislature, which means it is important to check with your local attorney because laws are constantly changing.
If you are located in an area where it is legal to be a bookie and use a pay per head service then you can get set up in minutes. It is as simple as just going on the internet and searching for a pay per head sportsbook service.
Price Per Head
These services typically charge $10 per active player per week for the service, and you only get charged for an active player if the player actually has a graded wager for the week. So for example, if you have 50 players but only 32 players actually bet that week then you would only get charged $320 for those 32 active players that week. Whatever the players win or lose each week is handled directly between the bookie and the player, and the bookie keeps 100% of the losses.
The beauty of this pay per head set up is that you get to keep 100% of the losses for your players and only need to pay that minimal $10 per active player a week fee. Anyone that has gambled or been to a casino will know firsthand that it is very hard to be a consistent winner. This is why the phrase of the “house always wins” is such a true statement and why casinos practically give away free rooms and food just to get people to spend money in their casinos.
The gambling industry is a multibillion-dollar industry and no matter the economic situation people are always going to bet with the hopes of turning a little bit of money into a big score. The dream of winning is always going to be a part of the culture of betting, but the reality is that players are going to always lose over the long term. So if it is legal to use a pay per head service in your area then becoming a bookie could be a very profitable business venture for you.
How Legalized Sports Gambling Will Change Being A Bookie?
Right now, we’re in the midst of a legalized sports gambling sweep across the United States. Once the US Supreme Court ruled that individual states were Constitutionally permitted to legalize sports betting, the race to pass legislation began.
Now, in states where betting or pay per head is legal, online sportsbooks pop up like dandelions after a spring rain. Everyone wants a piece of the action.
The question remains, how will legal betting change being a bookie? We have some ideas. Read on to find out.
Legalized Sports Betting Means Competition
If you were a bookie before the pay per head became legal, your only competition was from other bookies. Even then, you probably had a built-in market of gamblers available to you who wanted to lay action.
Now, you compete with legal online sportsbooks. These books do things to win your players that you can’t do with the old paper and pencil bookkeeping methods.
They offer convenience. With a few finger strokes, your former players can now lay action on a nine-leg NFL teaser parlay.
These legal books are large corporate operations with enough money to offer free bonus money upon first deposit. Many of them offer rewards for frequent play, and daily specials with huge odds boost.
If you’re a bookie still operating out of a paper tablet, you need to figure out a way to keep up.
You’ll Face Tighter Lines
If you’re an ace handicapper and release your own numbers to your players, you know line making was a feel game. You studied the information, you took all your knowledge, and determined the line.
It’s old-fashioned to say, but sports betting used to be more personal. These large, commercial sportsbooks use computer services in faraway foreign countries to make their lines.
Their algorithms compute the probability, the statistics, and the situational factors quicker than you can snap your fingers. These sophisticated pay per head software platforms produce super-tight lines.
If you continue to handicap your book the old-school way, your sharp gamblers will burn you for cash. Human error in line, making it easier to spot when a player has multiple lines to cross-reference.
You’ll Need More Bet Offers
During the dark days of the Covid-19 pandemic when all US professional and collegiate sports stopped playing, the betting markets took a huge hit. If you’re a bookie, you know the pain and still feel it.
The thing is, there were still ways for players to lay action. Ukrainian table tennis, Belarussian soccer, English Darts all soldiered on.
The big-time online casinos had the ability to recoup cash on these events while you watched your bank account dwindle from the NCAA Final Four cancellation.
In these times that remain so uncertain, legalized gambling means you have to offer more.
You’re a Bookie in a State Soon to Legalize Betting
Get ahead of it. As states legalize sports gambling, you will face stiff competition. Your loyal players will be lured by free money and all the other advantages online sportsbooks offer.
If you live in a state that already legalized sports gambling, you need to figure out a way to keep up.
Ace Pay Per Head is here for bookies. We offer the latest in sportsbook software to help your book compete with the big boys. Sign up today for a free six-week trial.
Are Bookies illegal in the USA?
In the United States, a lot has changed over the last couple of years in terms of the legality of bookies. The United States has allowed each state to determine whether or not they want to allow gambling and bookies. As a result, many states have already decided to allow gambling, and other states are in talks to follow suit and allow it as well.
The extent of how gambling will work depends specifically on the rules in that specific state. So the best way to understand all the intricacies of the legality of being a bookie in the specific state that you live in would be to ask your local attorney, to make sure you are doing everything according to the law.
Once you do get all the specifics of the laws in your state, then you can move to the next phase, if it is legal, and get with a pay per head service that can provide you with the necessary tools to become a successful bookie.
A pay per head company is a service that provides a fully inclusive sports betting site, with thousands of sports betting options, a virtual casino, and a racebook for players to bet on 24/7. These services manage all the lines and update all the odds up to the second, and then grade all games as soon as each sporting event is complete. Then all balances get automatically updated into each player account and into the bookies’ admin page.
These companies do all the technical work in terms of bookmaking, and can also be relied on for any questions you as the bookie may have, such as rules on certain types of wagers, information on lines, ways to grow your business, analysis on specific player’s betting patterns and more. In addition, these services are available 24/7 since gambling never sleeps, which allows any bookie to have the peace of mind that they always have access to get help with any requests or questions they may have.
This fully inclusive service is just a minimal cost per player, and the average service charges around $10 per active player a week, and you only get charged if the player has a graded wager for that week. Then whatever is won or lost by the player, then you as the bookie will handle those payments directly with your player and get to keep 100% of those profits.
Since these services do all the work in terms of bookmaking, it allows you the free time and energy to just focus on growing your business. The best way to start growing your book is by reaching out to all friends, family, coworkers, school mates and social media friends and seeing if they have any interest in betting. There are lots of different bettors out there such as the everyday bettor that bets whatever is available, or just the person who bets major sports, or the weekend bettor, or the homer bettor that only bets on his favorite teams, or the infrequent bettor that only bets on a major sporting event or during the playoffs.
The more bettors you have then the more you will end up making over the long term. So if you are lucky to be living in a state where bookies are legal, then get set up with one of the best pay per head services in the business and start making money as a bookie today.