How does Pay Per Head work
There are few businesses that you can start for basically no money down. Often times upfront costs can act as a barrier to entry for the average entrepreneur looking to start out on their own. The dream of owning your own business can come at a cost that is just too high to pay.
Suppose you could find a business model that is turn-key, free to start and easy to run with the help of the right software solutions. Now suppose that this independent business was in one of the fastest growing industries across the US and around the globe. If this sounds like something that might interest you, then you should take the time to explore the opportunity of running your own sportsbook with the help of Pay Per Head bookie software solutions.
Pay Per Head Online Sports Betting Solutions
The pay per head business model is built around the concept of low-cost online software that can process all the various transactions that go into running and managing your own independent sportsbook. There are no upfront costs and you only pay for what you use.
The actual term “pay per head” refers directly to the low weekly fee that you pay for fast and easy access to all the online business tools that are needed to be a private bookie. The best part of the deal is that you only have to pay that per head fee for each of your active sports betting customers. Whether you have five customers or 500, you will always know what your weekly cost of doing business will be.
Getting Your Bookie Business Up and Running
Given the nature of sports betting, you will need a start-up cash reserve that is roughly two and a half times the weekly action you plan to take in. This can be thought of as working capital that can cover any weekly cash flow needs. Once you are up and running, your weekly profits will begin to build a cash reserve that can be used to run the business.
The most important thing you will need to get your bookie business started is customers. It does not take are large number of sports bettors to get things off the ground. Some of the most successful private bookies started out working with a small group of family, friends and acquaintances. Word of mouth and personal referrals are still the best way to grow any grassroots business. Once you have established yourself as a private bookie, you can focus your energy on growing and expanding that base with a set sales and marketing plan.
After you have developed a starting base of weekly betting customers, it is time to take your bookie business online with the help of a price per head shop. This will be one of the most important business decisions you will have to make. The goal is to find a pay per head provider that meets all of your business needs.
Features and Benefits of Pay Per Head Bookie Software
The main benefit that pay per head bookie software can provide is a completely automated approach to running and managing your own bookie business. The software is designed to process all of the daily, weekly and monthly transactions that take place. You will have daily betting action coming in, weekly settlement reports and monthly recaps for each of your betting customers as well as for your overall business as a whole.
A few of the individual features and benefits that come with the online sports betting software package include:
- A comprehensive bookie dashboard that gives you total control
- Individual account profiles for each of your betting customers
- Fast and easy access to a wide array of betting options
- An advanced online mobile betting platform
- An online business presence through a custom website
This is just a general overview of the most important aspects of your bookie software package. There are many other features and benefits that can make your business easier to run and manage on a day-to-day basis. The best part of the pay per head bookie business solution is a fixed cost per head for everything you need to be successful.
Pay Per Head Bookie Software in Action
As mentioned, you will have access to all the sports betting lines you need, when you need them. You will also have the ability to set and move your own betting lines while making changes to your online betting board to best meet your specific needs. Pay per head bookie software gives you a very high level of control that can always keep you way out in front of all the betting action coming in.
Online sports betting can be a very dynamic and sometimes volatile business that needs to be monitored and controlled. Having the ability to make instant moves and changes is just one way to accomplish this goal. Any betting or credit limits that you wish to put in place can be done through a mass edit option or on an individual basis through your account profiles.
It is far easier to capitalize on an opportunity ahead of time then trying to deal with an issue or problem after the fact. Your pay per head tool box contains all the proper business tools needed to run your own successful sportsbook.
Sports Wagering Online Software Features
Preference-based Odds Display – Prices are shown in the format of the player’s choice; money line, UK or world format, (ie: +300, 3/1 or 4.00)
Automatic Wagering Assistant – Calculates the amount to win or risk depending on which is input, when no team is selected, this feature ensures the player is always prompted to correct mistakes
Convenient – Our software allows users to make multi-league combination, as well as to purchase points, leave open spots and to have access of all the wagering options in the market.
All Options – Including teasers, if bets, parlays, reverses, action points, point buys and round robins.
Event Grading – Ensures money is returned to the player’s account promptly by grading each event and portions of events, the moment is concluded.
Account Management – Allows player to see all his/her bets and transactions online, reducing the use of the 800-call center, and ensures 24-hour availability to the player
Fully Customizable Website – Colors, logos, layout and design can all be modified to suit your requirements.
Secure Login – One-step, secure, login process.
Sports Betting Agent Management Panel
Additional Revenue Streams With Pay Per Head
While sports wagering remains your primary revenue stream, pay per head software packages also offer online applications to run your own racebook for horses as well as an online casino equipped with slots, video poker machines and table games manned by live dealers. Most PPH services will include these applications as part of the weekly per head fee you are already paying, so there is no added cost to turning your bookie business into a full-service operation.
- Access to a wide array of racetracks running a daily race card
- Separate business reports to track all betting activity
- Marketing tools to grow and expand your horse racing business
Online Casino Features
- A wide selection of slots and other electronic gambling games
- Real time tracking of all casino activity
- Live dealers for all the most popular table games
When it comes to sports betting, football and basketball draw the most action. While there are a vast number of other betting options for sports on a year-round basis, revenue generated from a racebook and online casino can help fill the gaps in the sports calendar. They are easy ways to generate additional weekly cash flow as well as added profit to the bottom line.
Summarizing Pay Per Head
- Low-cost software solutions for private bookmakers
- Comprehensive operating system handling day-to-day administrative tasks
- Online marketing tools designed to help grow and build your customer base
- Multi-streams of revenue to cover all online gambling activities
The online sports betting industry continues to grow and expand at a rapid pace with private bookmakers still handling the majority of the betting action. With turn-key online solutions such as pay per head, now is the best time to open that online sportsbook you have always been dreaming about.