Being a pay per head (PPH) sportsbook is the best thing you can do for your betting business. While others struggle to set up a traditional type of sportsbook, you can launch your PPH sportsbook in minutes. This means the infrastructure and services needed to run a bookie are ready, and yours is to choose a template and start accepting bets.
This article will reveal what a PPH sportsbook can do for you. After this, you should understand why pay per head bookie is necessary for your online betting service.
Help You Keep Track Of Your Winning
Your bookie business can stand or fall depending on whether you are keeping track of it. You need to know where your money is coming from and where it is going.
Even when your business is doing so well, you need to keep track of your finances. Remember, you are the CEO of your bookie and do not have a board of directors to help you manage your business. One mistake, and you are out of business.
Therefore, keeping track of your business is the first step in ensuring your business’s longevity. Track your favorite bettors and reward them with something to keep them betting. In fact, you should personalize their betting experience on your platform.
The happier they are, the more they choose your platform as their betting partner. A PPH sportsbook has several tracking tools. Some track betting activities, financials, and all other bookmaking activities.
For example, you can use Beat the Line 2.0 from Power Pay Per Head to track sharp and steam bets. Then, you can take actions such as adjusting odds to balance your book.
Make You More Money
Why do you want to become a bookie? Your answer could be that you want to work in an industry you enjoy. But, when you think about your retirement and monthly bills, you will also say you want to make money.
Running a betting business is lucrative. In fact, if you follow all the advice given by your pay per head sportsbook provider, you can make huge profits. You might even need another job.
A PPH sportsbook is packed with several features to help you make money. For example, you will get over 15 sports to offer your players. This means you have a sports betting market every month throughout the year.
You can offer bet markets in the National Football League between September and the Super Bowl game in February or focus on the National Hockey League in February each year. The point is PPH bookies offer so many bet markets that keep players betting throughout the year. This translates to making more money.
Allow You To Work From Anywhere
Imagine the freedom that comes with working from anywhere. You can work from Bali, Dubai, or anywhere in the country without restrictions. You will need a laptop or mobile phone and an internet connection to login into your backend PPH sportsbook.
A pay per head sportsbook lets you take your business from pen and paper to secure online platforms. As with any online platform, you can access your sportsbook from anywhere.
This means you do not have to miss out on family vacations because you have to work. In fact, you do not have to log in to your platform with your laptop. Instead, you can use your smartphone and look like you are perusing the web like any other internet-addicted person in the room.
This means you do not have to turn down your school friend hosting a campfire at their beach or lake house. In fact, you can take a break from work and peep on your PPH sportsbook from time to time.
Help You Manage Your Players Conveniently
One of your duties as a bookie operator is to manage your players in regards to how much they bet or win. As a PPH sportsbook, you will have all types of players. Some are high rollers, standard and low rollers.
Each of these players has their needs. For example, some might be comfortable betting on credit. If that is the case, you can determine whether a player qualifies to bet on credit. With a report generating tool, you can get all the player’s betting history.
This data should help you decide whether a player qualifies to bet on credit. Another way you manage players is by setting betting limits.
Suppose a player can wager up to $25000 in one bet. Unless you have a good bankroll, you cannot afford to pay winnings for such a player. But, you can control how much this player bets and the maximum payout depending on what you can afford.
A PPH sportsbook has many management tools to help you manage your players. The good thing is, you can always go back and adjust bet limits, winnings, and other restrictions against your players as your bookie grows.
Help You Manage Your Bookie
One of the managerial tasks for a bookie is to adjust betting lines. Suppose the mainline set by your PPH provider is -5.5 on Cowboys. If you want to change the line with half a point, your new line will look like -6.
Several things influence the changes in odds, such as market perception and injuries. Thus, as you change the line, you can decide whether they should adjust as the provider’s main lines change.
For example, if you allow for them to change, also called soft shade, your new odds will be -6.5 while the provider’s mainline changes to -6. You can also set hard shade, which means your newly adjusted lines will not change even when the provider’s line changes.
Another way to manage your bookie is by closing bet markets. Suppose you have more than expected players placing a bet on a specific event. You can close it to minimize your bookie’s liability.
Ideally, the PPH sportsbook is packed with many tools you can use to manage your bookie. Some help you minimize the risk, while others ensure you make more profits.
Bet On Your PPH Sportsbook Today
A PPH sportsbook can help you in many ways, including the discussed tips above. All you have to do is sign up with the best pay per head provider and launch your bookie. Contact Power Pay Per Head today to start a free trial period.