If you are looking to run a profitable sportsbook then the first thing you would need to do is get set up with a price per head company.
These companies specialize in providing bookies with a fully functioning professional sportsbook website for players to bet on. These companies manage all the lines and update the odds up to the second and grade everything as soon as each game is over.
If you have ever been to a casino you will see that these palace like structures with state of the art facilities cost huge amounts of money to build and maintain. But since people always lose when gambling over the long term they can afford to have such beautiful establishments because they just make so much more money from people gambling.
With that being said, running your own sportsbook thru a PPH sportsbook company can be extremely profitable as well. Sure you are not going to be making the same amount of money as the nearest casino, however your cost will be much smaller. One of the more popular pay per head sportsbook companies in the world is www.Aceperhead.com and they only charge a flat fee of $10 per active player per week. In addition they only charge you if a player has a graded wager for that week, so if a player does not play that week then you as the agent will not get charged for that player that week.
The price of $10 a player is obviously extremely small compared to the costs that casinos need to pay to keep their gambling operations going. As a result this helps make it possible for just about anyone to become a bookie and take action on a sportsbook website.
The amount of money that can be made from having a sportsbook will obviously vary, but the reality is there is no limit to how much someone can actually make. Just having 1 player bet $50 to $100 a week can make an agent hundreds or even thousands of dollars each week. So clearly the more players you have will just only increase your overall profitability. In addition the amount of money a player bets per game and how frequently they bet each week will also determine how much money players will lose for the week.
Obviously small bettors that bet $25 a game and only a few times a week are not going to be anywhere near as profitable as a bettor that bets $500 per game and bets many times per day. However as you grow your sportsbook and acquire more players you will get all different types of bettors, which will all just increase your bottom line profitability.
Bookie Agents that have even 10 or 20 bettors can easily make thousands of dollars per week from their player’s losses, and they get to keep 100% of the profits since the only cost is $10 per player.
Check these Bookie Tips:
- BETTING SITE FOR NEW BOOKIES
- HOW DOES SPORTSBOOK WORK?
- HOW TO START OFF AS A BOOKIE
- SOFTWARE FOR BETTING
- TURN YOUR PASSION INTO A PROFITABLE BUSINESS
- TOOLS TO GROW YOUR BUSINESS
- TOP-OF-THE-LINE PPH SERVICE
- WHAT IS PAY PER HEAD?
- THE FAIL-PROOF WAY TO START A GREAT ONLINE SPORTSBOOKS
- SOFTWARE FOR PROFESSIONAL BOOKIES