3 Online Bookie Business Myths & The Real Truths About The Business
The online bookie business isn’t for everyone. Some people just don’t have an interest in running a sportsbook based business. There are some who do have an interest in running a sportsbook based business, but, due to bookie myths, won’t give it a shot.
Check out 3 online bookie business myths and the real truth about the bookmaking business.
Then, check out PayPerHead’s most recent deal, get their Prime Package for just $3 per head, and upgrade to a premium sportsbook solution.
Myth #1: Sports Bettors Can Wager As Much As They Wish
This just isn’t true. Online bookies are in charge of setting betting limits. They can set specific player betting limits. They can also set betting limits on specific wagers. For example, a bookie might set a $200 betting limits on Super Bowl 53 futures.
What this means is that no individual sports bettors can wager more than $200 total on NFL teams to win Super Bowl 53.
Myth #2: Online Bookies Want the Same Amount of Money on Both Sides of a Spread
This is a huge myth born from the fact that Vegas sportsbooks do want to have the same amount of money on both sides of a spread. Why do Vegas sportsbooks want this? They want this because they make most of their money on slot machine betting and casino betting.
They can afford to only make money on the juice they receive for accepting sports wagers.
Online bookies only wish to temper risk on one side of a spread from another. If an online bookie receives more losing bets than winning bets, they can make much more profit than if they have the same amount of losing bets and winning bets on both sides of a spread.
Myth #3: Sportsbooks Create Their Own Odds
Sportsbooks do not create their own odds. Vegas sportsbooks create odds that are similar to each other. From there, similar odds are offered by most every online bookie on the planet. There is, though, a caveat to this.
Those bookies that sign-up with a pay per head company like PayPerHead.com offer premiere packages that include a Line Mover, like the Prime Package, that’s on now for just $3 Per Head.
The line mover is the caveat. The line mover allows online bookies to change odds depending on what they’re trying to accomplish.
If, for example, a bookie wishes to garner more action on one side of a spread, they might use the line mover to make the odds more favorable.
If they wish to discourage betting on one side of a spread, they might change odds to do just that.
The line mover is one of the most powerful PPH tools available to online bookies.
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