You can become a bookie with PPH services. Imagine attending your
classes, participating in extracurricular activities, taking your girl
out, or having the time of your life somewhere while still earning. Does
it sound like something you would enjoy doing?
One of the ways to be a boss in college is by running a bookie.
Before you ignore this idea, thinking you do not have all that money,
give it a second.
This is a pay per head service whereby you get a betting platform and
pay for the service depending on the bettors that place bets with you
during a specific period.
Once you get the platform, you can ask five of your friends to place
bets throughout the week. Then, your PPH services provider will deduct
the total fee at the end of the week.
For example, if you are supposed to pay $10 each week for one bettor,
it would cost you $50 for five friends. That sounds easy. It will sound
even more manageable once you are through this guide.
Understanding The Running Cost of PPH Services
As we mentioned earlier, finances should not be a reason for you to
disregard the idea of becoming a bookie. For starters, you do not need
upfront money to set up your business.
Unless it is a bankroll for paying your players, you do not need
another lump sum of money. In fact, you might not need to have any money
to run your bookie for the first few weeks.
For example, you can get a six-week free trial during a National Football League (NFL)
season. Suppose you get a free trial during the NFL season. Already,
you are at the center of the market, your college student friends.
College students are one of the biggest fans of football. With a few
consistent bettors, your bookie can start making profits immediately
after you launch. In a few years, you should be able to pay winnings and
PPH services without getting back into your pocket.
If you get a shorter trial period, you can still afford the running cost because it is affordable. Usually, the juice you get from bets is enough to cover the price per head fee.
Timing Is Everything
The time you choose to launch your bookie is everything. It could
determine how long it would take to take off. For example, if you launch
your betting service when every major season is off, you might not get
off the ground because you have fewer people placing bets.
However, when you launch weeks before a major league is up and
players are looking for the best bookie to place their bets with, your
business is destined for success. While the sports betting industry is
rapidly growing, the time you launch your bookie is crucial.
Managing The Risk
Running a bookie is a risk. Considering you are entering the gambling industry just like bettors, you also face several risks.
For example, most players will place bets on the favorable side if
you do not balance the odds. If that team wins, you have to get money from
your pocket to pay for winnings. There are several ways of dealing with
risk, including:
Having A Bankroll
You must have heard that the house always wins. While it is true, the
odds are not always going to favor you. If that happens, you need a
backup plan, your bankroll.
The money bettors are losing should be enough to cover winnings for
those who won bets. However, this is not always going to be true.
Sometimes, you need to get your savings to cover winnings.
You can avoid such an outcome by having a bankroll. This fund is dedicated to your gambling business instead of taking money off your personal account.
Setting Bet Limit And Maximum Payout
Some bettors are high rollers, while others are low and medium
rollers. High rollers tend to bet as much as possible without depleting
their accounts. However, it means you have to pay them more when their
wager wins.
If ten high rollers placed bets and won, it would cost you a lot of
your bankroll to pay the winnings. You can avoid that by setting a bet
limit and maximum payout.
The way you set a bet limit and maximum payout can vary from one
player to another, games, times, and leagues. By putting these limits,
you minimize your bookie’s liability.
Using A Layoff Account
One of the tools that come with PPH services is a layoff account. The
account is helpful in case of a steam bet. For example, if your bettor
learned a professional bettor placed a specific bet, they will likely
wager the same.
If they win, it means you have to pay all of them. Remember, they
must have wagered the maximum possible to get a high payout because they
trust the professional gambler’s choice.
You can place a similar bet on another sportsbook with a layoff
account. If the team wins, you get paid an amount you can pay clients on
your bookie. If the team loses, your clients’ wagered money will
replace the money you lost to another sportsbook.
Finding PPH Services Provider
Being a bookie operator in college is possible with PPH services.
The provider you choose will determine your success. Therefore, you
must be objective when finding a pay per head service provider.
The first factor to consider is the tools and services offered by the
company. These should help you run a bookie. For example, you need a
call center that will answer calls from your clients.
You also need tools to manage your bookie, generate reports, track
players betting, etc. another thing you should factor in is the betting
markets.
Consider the needs of your potential clients and ensure the PPH platform meets those preferences.
Be A Boss On Campus
Being in college is the best time to start making money. You begin
accumulating education debt which will be stressful to pay after school.
However, when you put your entrepreneurial skills to the test, you
can start paying the debt early and remain with a little by the time you
are through with school.
At Power Pay Per Head, we pride ourselves in helping any potential
bookie achieve their goal with our comprehensive PPH services. Contact
us today and begin taking bets immediately after launching a bookie for
you.
