In theory, becoming a bookie is not difficult as it is only the act of taking wagers from other people. However, once someone tries to be a bookie, it is not as simple as it sounds. Especially if they want to be successful and make a profit. The answer is of course in having the right strategy and support. Thus, today you will learn How to be a Bookie with a Pay Per Head Service.
Since you are here, there is no point in talking about the mental aspect you need to be a bookie. This is because you have already made the decision and know it requires tough work and long hours. Instead, we will go over the necessary services, software and infrastructure to be a modern bookmaker.
First off, the best option to become a bookie is to use a bookie pay per head service like PricePerPlayer.com. This is because by using our Pay Per Head, you get everything you need to start a modern online sportsbook. Furthermore, we provide a cost-efficient service that will increase your profits and give you more time to enjoy your earning.
I want to be a Bookie, How Much Money do I need?
There is no magic number on how much money you need to be a bookie. The amount a sportsbook needs to run a smooth operation will depend on many factors. Such factors include number of players, gambling limits, operating cost and many other variables.
Therefore, the only thing we can say is the more money you have the better. However, we can estimate the capital necessary if your sportsbook follows certain guidelines. Read our tutorial on how much money you need to be a bookie for more info.
How to Be a Bookie with a Pay per Head in 3 Easy Step
1. Choose a Pay Per Head to become the core of your online sportsbook.
The best sportsbook pay per head in the industry is without a doubt PricePerPlayer.com. This is because we only charge $5 per player with no hidden fees. Furthermore, you get sports betting, live betting, player prop generator, online casino, live casino and a racebook.
There is no upfront deposit necessary when you use our services and the first two weeks are free.
2. Get Players and Create their Betting Account
The second step on How to Be a Bookie with a Pay Per Head Service is to get players. Of course, this is an essential step as you cannot have a business without customers. However, once you have your players that is when the fun starts!
With PricePerPlayer.com, there are 2 ways to create your players’ account. The first is to manually create them in your Bookie dashboard and setting their username, password, limits and so on. This is the most common way to do it for beginners. However, these is also a second way if you choose to have a personal website. You can simply, setup a payer signup page and they can open their own account.
3. Manage Your Players and Collect your Money
The last step is the easiest one since PricePerPlayer.com has all of the tools necessary to manage your players. This is because you just need to generate any report you want and use that information to manage your players. From that information, you can easily make decisions to increase your profits and keep track of your sportsbook finances.