HOW TO BE A BOOKIE:
A Power Guide To Success
HAVE A QUESTION ABOUT BOOKMAKING?
So you want to learn how to be a bookie? Or maybe you want to brush up on your bookmaking skills? We’ll embark on this journey with you. Finding success in the bookmaking business involves blending different tasks and skill-sets to build a product that can attract clients. Essentials like quality customer service and a great marketing strategy form a foundation for any sportsbook operation. But nothing carries more importance than starting your business with the right sportsbook betting platform like that offered at Power Pay Per Head. To begin, with our all-in-one platform, you’ll quickly learn how to become a bookie and turn a profit from your very own sportsbook website.
CAN ANYONE BECOME A BOOKIE?
Yes! Of course, like any business, you need a good product coupled with a little experience. Short on both, you say? PowerPayPerHead.com has you covered. We provide the software and guidance day in and out why you get up to speed. Consider this a crash course to your financial independence.
HOW TO BE A BOOKIE AND ITS ADVANTAGES:
In light of the current economy, becoming a bookie has many built-in advantages. First, today’s world of technology and telecommunications are perfect for developing your networking skills. On any given day there are millions of excitement-seeking customers waiting to discover the thrill that comes with sports wagering. Through the internet, they are easier to reach than ever. And recent trends show record growth in online betting especially in the United States.
In short, social media is tailor-made for launching a bookie business. This guide will show you how to be a bookie and become financially independent.
WHAT KIND OF MONEY CAN ONLINE BETTING RETURN?
The answer is a lot. Recent numbers have world wide gambling losses reaching nearly 400 billion annually. Consequently, online gambling accounts for over 50 billion! Tapping into just a tiny percentage of that pie, can be a financially rewarding experience.
Commonly Played Online Games Include:
Casino Tables and Slots, includes games like blackjack, poker and craps.
Horse Tack Racing, such as the Kentucky Derby and The Belmont Stakes.
Sports wagering on multiple games and leagues like NFL, NBA and UFC.
Certainly, if you’ve been paying attention, sports gambling is everywhere. Today’s sports shows often focus their talking points from a betting lines perspective. The political climate, too, puts sports wagering as a hot topic on the debate floor. Likewise, the pressure is on to be a part of this rapidly expanding industry. Moreover, not only will you stay ahead of the curve, but with Power Pay Per Head’s guide to becoming a bookmaker, you’ll also work smarter.
THE CLIFF NOTES ON HOW TO BE A BOOKIE:
Initially, when you first get started as an online bookie and begin taking wagers, you’ll be amazed at the amount of total volume being wagered. The amount can both scare and excite you. After all, losing or winning that amount could result in two vastly different emotions.
Remain calm, especially throughout the process! Typically, a successful sportsbook will profit around 5% of all the action received. Indeed, the casino industry thrives on those kinds of returns. On a yearly basis, we’re talking a lot of money thanks in part to the Vig that’s charged on most bests. The Vig, often called the “juice” in street-terms, is a 10% surcharge placed on each straight wager. In light of of everything, this is the sports bookie’s secret weapon to turning a profit too.
HOW TO BE A SUCCESSFUL BOOKIE:
Like any business, especially sports betting, success is never guaranteed. There are an array of decisions that can make or break any enterprise. One such decision is deciding on the kind of bet types you’re going to be offering your eager clientele.
First, take the popular bet type the parlay. Its a set of teams selected into a single wager. Essentially, all the picks must win for the bet to payoff. Because of the higher difficulty of winning this wager, the payouts are higher. Second and finally, in the end, parlays, unchecked, can be high-risk, low-reward for a sports bookie.
Ultimately, It’s good practice, especially in the early stages of your business to limit your exposure to this type of wagering. Eventually, there are important choices that can be the difference between a profit or a loss. Not to mention it’s all the more reason to lean on the advice provided by Power Pay Per Head. When you sign up with us, our knowledge and experience instantly begins to work together with and for you.
EVERY SUCCESSFUL BOOKIE MUST KNOW THE BET TYPES:
We won’t cover every single bet type that exists, but there are a few, in particular, that are the most popular that we’ll briefly look at.
WHAT KIND OF BOOKMAKING STAFF WILL YOU NEED?
In the beginning, starting a sportsbook business is a lot of work. Running day to day operations demands an entire team of dedicated staff and technicians. From keeping up with the games and betting lines throughout the world to the technical maintenance of servers and websites, it’s a considerable commitment.
Certainly, the hefty financial investment is an entirely different issue. Between software licenses, computer equipment and data information providers, it isn’t cheap. But, bookmaker software at Power Pay Per Head provides all the necessary staff. Our all-in-one platform allows you to focus on personal tasks while we work for you.
Just remember, when you acquire Power’s pph software you get access to all the tools needed to be a success. In addition to award-winning software and technical support, you get 24-hour access to the finest customer service reps in the industry.
BEING A BOOKIE: THE INVESTMENT OF YOUR TIME
Initially, the time required for any bookie depends on mostly expectations. Also, if you are looking to supplement your household earnings with a little extra cash, then just a few hours a week with your clients will suffice.
However, a more ambitious plan can fill up your agenda in a hurry, turning your operation into full time gig, albeit with a greater profit margin. Ultimately, our staff and bookie software do all the leg work. In the end, the choice on how to grow your bookie business is firmly in your hands.
BEYOND THE PLANNING STAGE
Ready to take that next step? Clearly you are!
First, you need top-notch sportsbook software that comes packaged with all the modern day online platforms and mobile apps. Together with both of those aspects PowerPayPerHead.com has you covered. Second, our system takes care of all your client wagers, the calculations and everything thereafter.
Finally, once you’re set up, you can start to offer your clients your very own betting platform. But at the same time, don’t build unattainable expectations your first week of business. Equally, your focus is to just get a client or two and get your first experience in this business.
As a matter of fact, as you gain experience, you can start to move forward with building your book into everything you dreamed it could be.
PICKING UP A FEW CLIENTS
Undoubtedly, sports betting is firmly embedded into our society’s fabric. Indeed, you most likely live in close proximity to sports teams that makeup what the bookie business is all about. So, rounding up a few initial clients should come in short order.
In the beginning, focus on the people you know. If your direct contacts aren’t interested in betting, they know a few people that are. In fact, in the beginning it’s equally important to have a little distance between you and the client. Bookies are often associated with tough characters Untouchables. As a result, having a bit of mystery surrounding you as well as the distance can be a good thing. Especially the first few times you go to collect your winnings.
And above all else, if a customer wins, pay up. Equally, word of mouth is an effective form of advertising. On time payouts coupled with referrals are a great way to start!
BUILD RELATIONSHIPS & GAIN REPUTATION
Building a bookmaking business strategy is no different than any other entrepreneurial pursuit. Develop healthy relationships by treating your customers right and profit in the long run. In addition, happy customers can serve as an advertising source ready to tout your product to anyone willing to listen.
Furthermore, offering a bonus as a referral to any player willing to bring your sportsbook some business can provide future dividends. It’s an effective way to recruit your own players to actively hunt for new clients. Most people today have an interest in mobile apps and social networks. Having established accounts on the most popular platforms can provide inexpensive advertising and a way to reach out to potential betting clients.
BOOKIE 101: BOOKIE BUDGETING
Firstly, as a beginning bookmaker, one of the most critical aspects early on is having enough bank reserves. Inevitably, there will be a week where one or more players goes on a winning streak. Importantly, managing those down weeks will ultimately decide your future.
Second, having a savings that can cover 30% (worst case scenario) of your total weekly betting volume will keep you safe under most circumstances. Chances are you’ll never need to use your emergency funds, but it’s important to have that capability.
And finally, set a day on each week where you collect from or pay your players. Tuesday is a popular choice. Stick to the date you pick. If your bettors got the better of you, pay them. If they owe you, do your best to get paid. There will be times you get stiffed. Take it as a part of being a bookie. It’s your choice how you proceed to gather that cash, but just remember in this industry, you can always make it back, and quickly.
CREDIT vs POST-UP
Today’s bookmaker software is designed to allow you to offer either credit or post-up credit. Above all, you’ll manage these players differently.
In the short-term, a bettor can get on a hot streak. That’s why it’s imperative to set credit limits conservatively. In addition, putting weekly limits higher than a bettors ability to pay is a recipe for failure. In the same token, high credit limits give your customers more opportunity to comeback from a losing streak, also something to avoid.
GETTING FAMILIAR WITH YOUR MOBILE AGENT REPORTS SOFTWARE
LIVE BETTING CAN SET YOUR BUSINESS APART
Each year a new per head sportsbook opens shop with great expectations. More times than not, they are operating with outdated technology before they ever get started. Such is the speed at which the bookmaking industry is evolving.
It’s no longer acceptable to use just the legacy programs that launched the online bookie website revolution in the early 2000’s. Today’s environment is all about instant action available on any mobile device.
AVOID MAKING FIRST TIME BOOKIE MISTAKES
Finally, after showing you all the benefits and tools at your disposal, we come with some cautious advice. In the words of Voltaire, “with great power comes great responsibility”. Learning how to be a bookie often means making mistakes But it we can mitigate even a small fraction, it could make a big difference in your bottom line.
Amongst the many available tools for you to use as a bookie agent, these are a few that we always recommend you use with care:
THE POWER OF LEARNING WITH POWER PAY PER HEAD
HOW CAN YOU GET STARTED?
If you’ve been paying attention, sports gambling is everywhere. Today’s sports shows often focus their talking points from a betting lines perspective. The political climate, too, puts sports wagering as a hot topic on the debate floor. The pressure is on to be a part of this rapidly expanding industry. Stay ahead of the curve with Power Pay Per Head’s guide to becoming a bookmaker.