The Live Betting Pay Per Head Software Of Your Choice
When sports betting became a thing years ago, live betting in pay per head software was not part of it. Even after online betting was invented, live betting remained a dream. However, with several technological changes, sportsbooks can now offer live betting.
Yet, not all bookmakers are capable of offering the product. But, the pay-per-head software has made significant steps towards ensuring that bookies can offer their clients one of the most entertaining betting opportunities.
Giving Players More Betting Options
When live betting began, it accounted for 20 percent of wagered bets. Today, most bookies believe they account for 80 percent. Therefore, live betting is considered essential for sports betting and bookie success.
In-play betting gives players more betting options. This means that players not only bet two-three wagers but more than five in one game.
For example, a player can place a Moneyline bet before a game begins. Consecutively, they can place many more bets once the game starts until the final whistle.
More Money In Your Pocket
When bettors are betting more, it means one thing for you, making more money. If players place more bets on one game, you get a bigger hold percentage. Ultimately, you remain with a huge profit.
Considering one of your goals is financial freedom, you need to offer a product that bettors are interested in. In this case, that is live betting. Yet, offering in-play betting is expensive because it takes high-end technology to keep up with the fast-paced turns of events in a game.
This means only a few bookies can afford the technology. However, you can gain a competitive edge by using pay-per-head software.
Gaining The Competitive Edge
We just mentioned that offering live betting requires one of the best, most expensive techs. While this saved many bookies from providing the product, several others still offer it.
Yet, you will find that most sportsbooks offer in-play betting on a small scale.
Instead of covering hundreds of markets, these bookies offer live betting in a few markets, such as the National Football League (NFL) and the National Basketball Association (NBA).
Even so, you will still find these markets are limited. For example, a bookie can cover ten matches of the possible 70 games in the NBA league.
With reliable pay-per-head software such as Power Pay Per Head, you should offer an extensive live betting market. From soccer, football, hockey, baseball, and over 20 sports. Moreover, you can offer in-play bets of over 100 events across various leagues.
With Power Pay Per Head software, you get free bookie software for the first few weeks. You will also notice reliable game odds across all matches.
For example, your bookie can offer totals, spreads, props, and many other bets, giving your players a chance to bet various types of bets. With this variety, your players can choose whichever type of bet that works for them.
Bookies Get Full Control Over The Live Betting Action
While there has to be a third party providing the live betting action to Pay Per Head, bookies still have complete control. Here are some of the things you can still do:
Set Wager Limits
Live betting is fast-paced action, appealing to all sports betting enthusiasts. There is so much happening at small intervals, and you could make a lot of money or lose it. However, you can control what happens by setting bet limits.
For example, you can limit players to wagering a maximum of $10 per bet. That way, the payout cannot affect your bankroll.
Predetermine Minimum And Maximum Odds
Another thing you can control is the minimum and maximum odds. Considering that odds determine your payout, you can decide the maximum odds for in-play bets.
Decide Which Markets You Will Offer In-Play Betting
The best pay-per-head software should cover as many bet markets as possible. However, you might not have the bankroll to support all markets’ payouts.
For example, if 20 bettors in each of the top sports win, you have to payout. This might cost money from your bankroll if the losing bets cannot cover the winning.
Monitor Players Bets
It is crucial to stay ahead of your business. One way of doing this is monitoring your clients’ bets.
That way, you can track which bets they are placing more, how much they are wagering, and so much more. Depending on what you analyze, you can control what happens next.
For example, if a game is popular, you will witness a lot of betting, even from professional bettors. As a start-up bookie or small bookie, you might not be able to pay out huge bets. You can prevent such a scenario by monitoring players’ bets and the other tips described above.
How Much Does It Cost to Offer Live Betting?
Live betting is a goldmine. Thus, some pay-per-head software providers add an extra cost for the product. While it will be worth it, some sites such as Power Pay Per Head do not add an additional fee.
Instead, you get the product in your usual bookie software package. You can activate the product to allow players to enjoy massively entertaining in-play betting.
Ideally, it should cost you the price per player you have agreed upon with your service provider.
For example, if you agree to pay $10 comprehensively for each player that places a bet on your platform each week, that is the amount it should cost you. If ten players place live bets a hundred times during the week, the price per player should not increase.
Start Taking Live Betting Action Today
It is evident that live betting is an ideal product to help you make more money. What’s more, you are not responsible for finding the technology needed to run in-play betting. Instead, you only need to afford the weekly price per player, and you are good to go.
At Power Pay Per Head, we have industry-leading live betting. Whichever bookie that uses our service can swear by the increased revenue they have witnessed.
You, too, can be a boss today with our pay-per-head software. Contact us today to learn more about our live betting offering.
After losing a lot of money to sportsbooks, some players look for a way to beat the bookie,