Breaking into the Sportsbook Business | Helpful Pointers

So, you want to become a bookie! There isn’t a better time than now to become one and the best news of all, you can make a lot of money for very little investment. This business is much different than many folks think. Most folks think that bookies have a ton of money, they are rich, or they have fantastic credit cards to back themselves up. This is almost never the case, and in most cases, the opposite. Most bookies get into this business because they are tired of being a gambler, but they still enjoy the action. Let’s face the facts, gambling is difficult, it’s tough to beat the bookies. This is why most gamblers decide to become ‘the house” because as the old saying goes, “the house always wins”.

First and Foremost

• The house does not always win. Get this concept out of your brain and learn that as a bookie, you will take losses. Players do win and sometimes, they win big.
• How much money do you have to let set in an escrow account right now? This might come in useful. You should not start a bookie business if you are broke. This is common sense.
• You do not need a fortune, you can even start your business with a few hundred dollars.
• Why do you need money at all? Is it to pay companies to help you grow your business or to pay for special software? 
• You need money to pay for your losses. Players want to be paid the minute they win. Players have a Vegas concept, they think that because you are a bookie and that because you are taking bets, then you are loaded, just as the Westgate is loaded, or the MGM! You know that’s not true.
• You also need money to absolutely get yourself started with your new business correctly. You must not cut corners in this business and you don’t have to.
• You need great bookie software that’s operated through the services of a Pay Per Head provider.
• A Pay Per Head service is not expensive, it’s not dirt cheap either so, be prepared. Here is the good news… You can break into the Pay Per Head industry with all of the support they provide to bookies, for no upfront cost. The even better news; you can be up and running tomorrow.
• A Pay Per head offers all the benefits of an online casino and sportsbook in a turnkey package that’s especially designed for you and your players.

How Many Players are needed to Become a Bookie?

• One or two is always good! Really, you do not need hundreds of players to get started. You can get started with you and your best buddy that happens to enjoy betting on games with you. It really is this simple.
• You may have many existing players and you are trying to become a better bookie. That works just as well, and you are definitely thinking the right way, the way that any bookie should think.

Do I need to know everything about sports and be a genius in math in order to be a bookie?

• Absolutely not, it can be a bonus to know very little about sports. It certainly helps to know sports but not always necessary.
• Do I need to know how to set lines, move the numbers and be in the know on sports trends? It helps to know sports trends and as you gain experience as a bookie you will learn how to adjust lines in your favor while making your customers feel they are getting a great line. This is when you think as a gambler.

What would a successful bookie tell me to do? How would they advise me?

• Any successful bookie that’s worth his salt will tell you to not go this journey alone. They will tell you to find affordable support and find a Pay Per Head.
• What will a Pay Per Head service cost me, and what do I really get?
• Around $10 per player, per week, if they gamble with you at least one time during the calendar week. Once they gamble during the week, then you are charged the fee. They can then place as many bets during the week for that one-time fee of $10. The fees vary between $10-$15, depending on the type off service you order.
• You will get a turnkey sportsbook and casino that does literally all of the work for you. All you must worry about is finding the players to bet with you.

There is a lot of work that goes into being a bookie, but it can certainly be well worth the time and effort. The last thing that you want to do is be stuck doing paperwork and accounting tasks’ all day long. You will do this if you do not find the support to back up your business. It can take hours on end to grade bet slips every night. Who needs this? What about accounting, you must know where every dollar is spent and when every dollar comes in the door. Find a great Pay Per Head and get in today for a free trial.