Basketball is an interesting and entertaining sport. It has many star players whose lives we know outside the basketball pitch. Their lives outside the pitch and exemplary playing create a huge following.
As such, basketball is a lucrative betting market. From March Madness to all the other basketball events, you will enjoy taking bets from players through several months of the year.
In 2019, 47 million Americans wagered on National Collegiate Athletic Association (NCAA) men’s basketball tournaments, creating over $8.5 billion in income for sportsbooks. With basketball betting software, you can get a share of the revenue that will increase this year. Here is an in-depth look at the software.
Power Pay Per Head Basketball Betting Software
There are two ways of offering basketball bets. The first is to create a website and buy sportsbook software. This is costly and takes more time to design and launch a betting platform.
The other option is using a pay per head basketball betting software. Power Pay Per Head is the best PPH software provider. Instead of charging you hundreds of thousands of dollars upfront, this site will charge you a fee for every bettor that places a bet on your platform.
Suppose a bettor wagers $100 on basketball events during the week. The weekly fee per player remains fixed even when a bettor spends more.
Power Pay Per Head provides so many advantages to bookies offering basketball betting. First, the betting software gives your platform a professional and intuitive look.
An appealing betting platform attracts bettors. Thus, first impressions are important, hence the sleek look of the Power Pay Per Head basketball betting software. You can also get customized skin to match your preferences and clients.
Ideally, the PPH provider gives you a betting platform that puts your services on the level of prominent brands. The platform’s appearance is enough to draw a significant number of bettors.
You and your players will also love the user-friendliness of the betting platform. It is perfectly laid out, ensuring easy access to various basketball leagues, upcoming matches, and future matches.
Another advantage of this software is that it has a variety of bets. For example, there are point spreads, props, moneylines, totals, parlays, and future bets. With these types of bets, you can attract a larger group of bettors and make more profit.
Power Pay Per Head basketball betting software also has player management tools. This will help you run your business efficiently. For example, you may want to limit bet and payout amounts to prevent one player from winning all the money in your bankroll.
Also, you can customize vigorish for individual players during various events. Ideally, player management tools and bookmaking features incorporated into the software will help you manage your betting business.
Why You Should Offer Basketball Betting
Basketball is the second most popular sport after American football in the United States. The sport takes third place in terms of revenue after American football and Major League Baseball.
Thus, offering basketball betting should be one of your plans if you want to make profits as a bookie. Below are the top three reasons why you should provide basketball betting.
Requires Little Capital
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Launching most businesses typically demands a substantial capital investment. However, when venturing into the world of basketball betting enterprises, you need not empty your coffers. Surprisingly, securing an investor may not even be a requirement, especially if you possess ample personal savings.
A modest bankroll ranging from $10,000 to $20,000 is often sufficient to kickstart your endeavors. Considering the sport’s widespread popularity, a steady stream of enthusiastic bettors awaits, eager to contribute to the growth of your bankroll, amplify profits, and ultimately recoup your initial investment.
Distinguished by its innovative approach, Power Pay Per Head’s basketball betting software obviates the need for significant capital outlay. By offering an affordable fixed price for their basketball betting platform, the site ensures that all you require is a player willing to place a wager on any basketball event. This revolutionary arrangement liberates you from the burden of excessive financial commitments.
It Is a Source of Income
Offering basketball betting is a good source of income. Usually, a bookie earns a commission from every wagered bet.
Most sportsbooks get a vigorish of below 5 percent, usually 4.76 percent. This means a -110 odds would require a bettor to bet $110 to earn $100. The $10 is the vigorish that a bookie earns.
There are 130 matches in the NCAA men’s basketball tournaments alone. If you offer bets for all these matches, you can earn a significant amount of profits. Remember, there are more basketball leagues you can feature on your bookie.
It Is an Interesting and Fun Career
Do you love basketball? You can turn your passion for basketball into a career. You will still enjoy the games and earn a few bucks with every passing match, whether your team wins or not.
Basketball is a fast-paced game. It also has several popular leagues and matches, which means you have months following the sport you love. For example, the National Basketball Association (NBA) has 82 events.
Add that to other matches in other leagues, and you will get months of entertaining basketball action. Remember, other people, love the game too, and will follow and bet on various events. Yet, only a bookie can make profits consistently as they enjoy following the matches throughout the season.
Start Using the Best Basketball Betting Software
The type of basketball betting software you use can make a difference in your business. When choosing average software, you cannot expect better results than average.
You will need the best software on the internet to make profits. This software features at least four major basketball leagues in colleges and nationally. With over 200 events to bet on, your bookie becomes like a light to moths.
Power Pay Per Head prides itself on quality basketball betting software. It covers all the basketball matches in the country that your players will be interested in. Interestingly, you do not have to be a millionaire to afford the software.
Get your software from Power Pay Per Head once you are ready to take basketball betting action. We will help you create betting lines and keep your players satisfied. Contact us by filling in the contact form on the homepage to get started.