Betting on sports adds excitement to the games for the average sports fan. For private bookies taking those bets, it is all about the bottom-line profit at the end of the day. It is a known fact that the average sports bettor loses more than they win over the course of the year. Why do you think that sports betting in the US alone has grown into a multi-billion-dollar industry?
Private bookies still handle close two-thirds of that volume which is why running your own independent sportsbook can be such a lucrative business opportunity. The main ingredient for any successful business starts with a viable product or service that remains in high demand. Sports betting earns high grades in both categories, but it still takes a solid business plan to fully capitalize on running a private book.
PayPerHead247’s Proven Business Plan
The only thing you really need to be a bookie is some betting customers and enough cash reserves to cover the weekly action taken in. To be a successful bookie running and managing a profitable bookmaker service, you also need a formal way to run the operation. Taking down bets on the phone and recording them in a notebook can only get you so far.
Online sports betting dominates this industry and bookies need fast and easy access to an online betting portal that can automate the bet-taking process. That is where the pay per head industry fills the void.
The top PPH services offer a comprehensive and turnkey bookie software package that can process all the daily transactions that go into a business of this nature. Your pay per head online betting software provider can cover the operational end of things while you work on the marketing end to grow and expand your customer base.
The trick is finding the right bookie software services at a weekly per head cost that will not dig too deep into your gross profits. Owned and operated by sports betting experts with a wealth of experience in the online gambling software industry, PayPerHead247 offers a turnkey business system at a very affordable price.
Building Bottom-Line Profit With PayPerHead247
As previously mentioned, every private bookie is looking to maximize the profit made on the action taken it. The hold percentage between paying winning bets and collecting the commission or juice on losing ones can sometimes be rather thin. When you subtract out the weekly per head fee for each of your active betting customers, that becomes a direct cost to your bottom line.
One way to minimize the impact of price per head fees while also increasing your overall hold percentage is by increasing your overall weekly betting volume per active online betting account. You are still going to have some casual bettors with small betting bankrolls, but they need to be supplemented with some high rollers looking to max out their betting limits.
There is a fine line managing a diverse customer betting base which is why PayPerHead247 has time-tested software features that can always keep you way ahead of the curve on the action coming in.
The first step in the process is creating individual account profiles that allow you to set betting and credit limits for each customer you take action from. These profiles will also be the basis for generating real-time betting analytics to track and monitor each player’s daily activity. This can then be rolled up to weekly and monthly business reports that paint a very clear picture of your bookie operation on a number of different levels.
Your bookie business plan is the blueprint and PayPerHead247’s bookie software solutions are the action plans to put things in motion.