How much do you want to become a bookie online and go from being a casual bettor to a gambling tycoon? By using the Power Pay Per Head solution, anyone can become an online bookie and make a lot of profit. Unlike other prominent sportsbooks, you do not need millions to launch your bookie with a pay per head provider.
You just need enough to pay for the service weekly, a bankroll to pay your clients, and some savings if you need other services. But, this amount can never be millions unless you want to create a bankroll for over 1000 clients. Here is the right way to become a bookie online with the Power Pay Per Head solution.
Understand the Online Betting Market
Online betting is slightly different from on-site betting. Online betting has more options for bettors than on-site sportsbooks. This is one of the reasons why gamblers prefer to wager online over the nearest on-site sportsbook.
So, if you want to make incredible profits by running an online bookie, you need to understand the difference and capitalize on what clients want. Look at what other online sportsbooks are offering and make it better.
Understand How You Will Make Money
There is this misconception that bookies make money from players losing bets. While players lose more wagers than win their lifetime gambling, a bookie cannot make good profits from losing bettors.
Therefore, before you venture into offering gambling services, you need to rectify the misconception and understand how you can make money. First, a bookie can make money by charging a vigorish, also called vig or juice.
This is a commission added to every wager that a player makes. It is advisable to employ qualified oddsmakers to create your odds and incorporate a vig.
The second way you can make money is by balancing the book. This involves ensuring that equal amounts of money are wagered on both sides.
The other method is taking advantage of bad bettors. When you recruit novice bettors, you stand a chance to make more money from their bet.
Understanding how a bookie can make money before launching your bookie is crucial. It helps you with most other steps. For example, when you know that you can make money from novice bettors, you will try to recruit more novice bettors than experienced bettors.
Create a Bookie Agent Account With Power Pay Per Head
The other thing you need to do to become a bookie online is to register a sportsbook agent account at Power Pay Per Head. The registration process takes a few seconds. You need to fill in your name, email, and phone number and click the sign-up button.
Also, you need to create a unique brand for your business to stand out from the thousands of bookies online. Remember, gamblers identify with your platform from the moment they set their eyes on it. So, ensure it speaks to them.
Ask your pay per head provider to customize your website to include your clients’ preferences. Also, inquire about the services Power Pay Per Head will provide or not. That way, you can understand what you pay for and whether you need additional services.
Notably, Power Pay Per Head provides comprehensive services to its bookie agents. The site offers a customized sportsbook website, software, customer support, betting lines, bookmaking tools, and other bookie needs. So, you do not have to seek services from another third party when you partner with Power Pay Per Head.
Choose Your Payment Options
Players decide how they feel about a sportsbook depending on how an agent pays winnings. This means that your reputation lies behind paying out winnings in full and on time.
Remember, you run an online bookie. So, it is easy to build and destroy your brand online based on what your clients share on online pages and the reviews they make.
Most pay per head sites does not offer players payment methods to avoid direct contact with your clients. But, Power Pay Per Head has a valuable payment system allowing you to collect funds and send out winnings to your clients.
While the payment system belongs to the pay per head shop, it has no control. The payment options include debit/credit cards, e-checks, MoneyGram, prepaid gift cards, and all cryptocurrencies.
Different payment options allow your clients to choose between transacting FIAT or cryptocurrencies. Moreover, bookie agents can also use these payment options to pay their weekly fees.
Choose Your Offering
Offering refers to the products or services you present to your clients. These include sports betting, casino games, and horse racing bets.
Sports betting is the most popular among casinos and horse racing. Therefore, you must consider offering sports betting because it is easier to find sports bettors.
Yet, this is not enough. It would help if you offered appealing sports betting markets to attract the right clients. It would be best if you also considered what your clients want.
For example, suppose you are dealing with American bettors. In that case, you must offer them bet markets for American football, Nationals Basketball Association (NBA), baseball, and hockey because these are popular among Americans. You might need to add several other markets for your clients to discover.
Ideally, ensure your online bookie features popular and new betting markets. Moreover, it should feature over 100 leagues across the globe. For example, you can offer bets on the English Premier League (EPL), La Liga, and the Union of European Football Associations. These are three soccer leagues that your clients can enjoy wagering on.
Find other leagues in different sports. This will increase your offering, which will make you stand out from the rest of the sportsbooks. When you partner with Power Pay Per Head, you get access to over 100 sports leagues in different sports.
You might also need to offer casino games. Unfortunately, players will not always find an ideal event to wager on. They will find alternatives, including playing at an online casino.
So, having high-quality casino games will bridge the gap, allowing your clients to remain engaged even when there are no sports to wager on. You can also get a racebook platform for horse racing bettors.
Finding Quality Clients
The quality of your clients is your worth. If you have two clients wagering $10 each week, you are worth less than $20. You might even be worth nothing if both clients keep winning, and you have to use your savings to pay them.
You can always increase your worth by recruiting quality clients. This does not mean you focus on losing clients. Instead, it means you find clients that will benefit from you and you from them.
Remember, you want a mutually beneficial partnership. So, if you have quality products and services, you can get good clients.
Quality clients are bettors who regularly wager a lot of money and lose many times. These players wager to entertain themselves. They are not interested in making money but would be happy if they won once in a while.
Finding clients is easy because bettors are already looking for the next online betting platform. Therefore, this should not worry you if you want to become a bookie online.
You can start with close friends, neighbors, and family. Then, you can throw your net further to catch more bettors.
Suppose you focused on building your brand. Clients can recognize you from other bettors and those that know your brand. Generally, finding clients is not an uphill task but one you can enjoy.
Funding Your Betting Business
Gambling revolves around money. Therefore, you need some money to become a bookie online.
You might not need to break the bank, considering that you want to launch as a pay per head bookie. But, consider the pay per head fee, a number of players, bet, and payout limit.
Suppose you have ten clients with a bet limit of $10 each. If these clients can wager $5,000 each month, you can work with a bankroll of $10,000.
Your bankroll can be more or less depending on the bet limits you impose on your clients and the number of bettors. Remember to have a few more dollars to cater to business operations until it can start rolling on its own.
Launch Your Bookie
The last step is launching your bookie. At this point, you are ready with enough funds, enrolled a few clients, chosen their ideal betting markets, and followed every step above. Here, you are ready to launch.
All you have to do is click the launch button to take your bookie online. Once you do, clients can log in and navigate through the site choosing their preferred bet markets and events.
You should also be able to manage player accounts, receive their wagers, and pay their winnings. Ideally, your sportsbook should run seamlessly.
Become a Bookie Online Today With Power Pay Per Head
Anyone with the will to venture into sports betting can with the help of a pay per head provider. This is because you do not need many resources to venture into and run a bookie. While it is advisable to understand the industry, some become bookies and learn the ropes in the job.
With Power Pay Per Head on your back, you do not need to be a pro to become a bookie online. The site will run your bookie as you learn how to do it. Contact Power Pay Per Head to become a bookie today.