Pay Per Head Bookies
More and more individuals are starting pay per head (PPH) bookies.
There are numerous reasons for this. For one, sweeping legalization and regulation across a lot of the United States has helped the sports betting industry grow at a staggering rate.
There isn’t a night that goes by now without seeing commercials for sports betting on cable TV.
Tips for Aspiring Bookies
Today, we’re going to share some tips for aspiring bookies.
It’s important to understand how the pay per head business works before jumping in.
- Learn As Much As You Can: It’s important to spend a bit of time not only learning about how pay per head companies work, but also how the bookmaking business works.
There are lots of great forums, blogs and even Reddit has various subreddits where you can learn a lot about being a successful bookie. Try to connect with other bookies already in the business.
The more contacts you have in this industry, the better off you’ll end up, as it opens up options.
- Start Researching PPH Services: While learning the ins and outs of being a bookie, now is a good time to also start researching pay per head services thoroughly.
You can start by reading reviews of the top PPH sites, but you should also put in some leg work.
Contact the companies and ask some questions. Access the demo and make sure you always study the betting lines they’re offering. Compare them to bookies like BetOnline to ensure they’re sharp.
- Reach Out to Friends: You’re almost ready to open up shop. The next step is to reach out to your friends to get your first few players ready to start betting.
If you’re unable to target clients locally for any reason, you’re going to have to find players online.
This is a bit of a different process. With locals or people you know well, you can issue them credit and square up weekly, but with strangers, you need to have them post up (deposit) before playing.
Never issue credit to anyone you don’t know well because you’re not going to get paid.
- Start Your Business: The great thing about being a pay per head bookie is that you don’t need to have a big bankroll. Your main budget concern is having money to pay players.
The first thing you need to do before accepting any bets is create betting profiles for your players.
Set credit/betting limits and make sure your bankroll can withstand any losses. If you have $1000, you can’t allow your players to bet $100/game in case they go on a heater.
A sports per head will even help you start your business by offering a free trial for four weeks.
That’s right! You can try being a bookie for one month with zero fees or risk. All you need is at least one player ready to bet. Just make sure you have a bankroll to pay them if they win.
Most sports bettors lose long-term, but most will also have the odd hot streak.
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