If you are decided that you want to get into the online sports betting business, your next step is to actually create your sportsbook. This can be quite expensive, if you will go the traditional businessman route and build a company from scratch. But its quite unnecessary. Nowadays, many savvy business owners look to outsource their infrastructure and operations. And as a bookie, your best option is to get a bookie pay per head sportsbook.
With the betting software, you won’t need to manage excel files and write notes everywhere. You’ll get a dashboard that will allow you to see all bets made, the bets each player makes, or even what bets were made in that day or week. You can also adjust any of the betting lines, or change the limits of the players. It sounds really good, but really expensive. In truth, it isn’t.
How Much Do I Need to Become a Bookie?
The cost of using a bookie pph software is a per head basis. This means that you only pay for every active player you have, every week. So if your pay per head provider will charge you $5 for every player, and you have 5 players, that means you pay $25 each week. If only 3 players place bets that week, then you only need to pay $15. This is regardless of the number of bets they make and how much.
So the cost to become a bookie will depend on how large your operation is. If you start out with 10 players, then its $200 a month if the month has 4 weeks, or $250 if the month has 5 weeks. You also need to set aside money to bankroll the bets. So if you are only willing to put in $1000 each week, then make sure that the wager limits you set will be set accordingly. The more you get experience, the better you will be with bankrolling, and the more you can increase your limits and the action of each sportsbook.