Bookie Knowledge: 5 Risks You Might Face as An Online Bookie Agent

Written by:
Guest
Published on:
Nov/30/2017

Pay per head agents face numerous risks. The biggest risks that agents face revolves around the risks that most business owners face.

 

Check out the top 5 risks for online bookie agents.

Running a Business Requires Financial Risk

 

Financial risk can lead to financial ruin. Running a business isn’t easy. Most businesses fail.

 

One of the reasons that most businesses fail is because many business owners aren’t clear about financial risk, what it means, how to lower risk, and how to take advantage of it.

 

The best way to understand financial risk is to consider it in terms of time. If you work for someone else, you are being paid for your time.

 

If you’re a pay per head agent, you pay yourself for your time. Financially, what are you risking by just becoming an online bookie?

Competition Means You Must Stay a Step Ahead

 

The per head business is rife with competition. If you’re an online bookie agent, it’s a good idea to take advantage of every and all tools and rebates available to your bookmaking business..

 

For example, if someone offers you a 5% rebate on Bitcoin deposits take advantage of the 5% rebate.

 

There’s a risk that, if you don’t stay a step ahead, you could fall behind your competition.

 

You can also sign up for Bookie Bootcamp, which was created by experts looking to help online bookie be successful

Bad Months Will Affect How You Run Your Business

 

A bad month as a per head agent could affect how you run your bookie business. If bad months aren’t affecting how you run your bookie business, you had better be sure why.

 

The key is to know what changes to make after a bad month. At times, a bad month could simply be a bad month.

 

No changes should be made at all unless those changes are absolutely necessary.

 

There’s a risk that you could overcompensate for a bad month by making unnecessary changes. There’s also a risk that you become too complacent and make no changes at all.

 

 

Without the Right Mindset You Will Fail

 

This is an easy one to understand. The risk is that you don’t have the right mindset to succeed as an online bookie agent.

 

Accepting wagers, creating settle limits, making payouts, and collecting money are all part of being an agent. Not everyone has the correct mindset to be successful at doing those things.

 

There’s a risk that your mindset isn’t where it should be for you to successfully build a bookmaking business.

The Buck Stops with You

 

When you become a per head agent, the buck stops with you.

 

There is nobody else for you to blame if you don’t succeed. It’s important to understand. The risk is that you might not want the buck to stop with you.

 

If you don’t want the responsibility, forget it. Your bookmaking business will go nowhere.

Business/Financial News

Bitcoin: The Basics for Online Poker Affiliates

Bitcoin: The Basics for Online Poker Affiliates

Americas Cardroom answers all the important questions concerning the crypto-currency Bitcoin like What is Bitcoin?, Why use Bitcoin? And How does it work?  All this in an effort to encourage online poker affiliates to use Bitcoin for all their transactions with the long established Internet card room.

Blockchain Announces it Now Supports Bitcoin Cash

At Blockchain, we're passionate about building products you'll love and are always looking for new, meaningful ways to empower you to interact with the digital economy.

Run Your Online Sportsbook Business From Home Efficiently

Run Your Online Sportsbook Business From Home Efficiently

Online business has its goodness. But there are also challenges. While challenges are few than benefits, it is prudent to balance. The interesting thing is that you are not alone. Pay per head will help you.

MGM Gains 10% In Stock Market After Falling During The ‘Vegas Massacre'

MGM Resorts’ stock market value is up by 10%. The figure is from October 2, 2017, fall after the Las Vegas shooting that takes the lives of 58 people.

Ladbrokes Among 17 Firms Hacked by Cyber Crook Looking to Sell Details for Bitcoin

Ladbrokes Among 17 Firms Hacked by Cyber Crook Looking to Sell Details for Bitcoin

Grant West, 25, admitted illegally obtaining the details of Just Eat, Uber and Ladbrokes customers' accounts in a bid to sell them on the 'dark web' for Bitcoins.  Hundreds of thousands of customers were reportedly impacted.

Syndicate