How Do I Create My Own Bookie Website
Our friends at PricePerPlayer.com offer up three guidelines for creating your own bookie website. It's easy as 1-2-3. Just make sure you have enough capital on hand to pay players just in case you have a few bad months getting off the ground.
Bankroll is Key
Not everyone is capable of operating a sportsbook business. Sure it's easy money but you'll need some initial capital and a basic knowledge of how sports betting works.
Bankrolling your operation is critical.
PricePerPlayer.com offers the quintessential numbers you need to know in order to properly fund your operation.
Estimates on How Much Money You Need to be a Bookie
- If first 6 months of operations are bad, you will need at least $70, 125 to stay in operation*
- If first 5 months of operations are bad, you will need at least $58,437 to stay in operation*
- If first 4 months of operations are bad, you will need at least $46,750 to stay in operation*
- If first 3 months of operations are bad, you will need at least $35,062 to stay in operation*
- If first 2 months of operations are bad, you will need at least $17,937 to stay in operation*
- If first month of operation is bad, you will need at least $11,687 to stay in operation*
Become a Bookie for $3 or LessYour Dream of Becoming a Bookie is just one step away with our Bookie Pay Per Head Software! Our PPH Service is designed to easily start any sportsbook operation by providing the best sports betting software, player betting websites and management tools. |
Basic Assumptions for the Estimations on how much money is needed for becoming a Bookie
- Type of Bookie – Credit Shop
- Number of Player: 25
- Operating Costs: Since most bookies run their betting shop out of their home, we will assume that the operational cost will be $5 per player
- This is based on using the PricePerPlayer.com Bookie Pay Per Head Service for a total of $500 Per month.
- Player Credit Limit: $1,000
- Max Bet Allowed: $500
- Bonuses: none
- Banking Costs: 5% Banking Fees
- Estimated Monthly Turnover: Total amount of money wagered every month by all players
- (Number of players x (credit limit x Max bet/100)) x 5 = $125,000
- When do you settle up – end of each month
- 50/50 Action – You have excellent line and you have 50% action on both sides of each wager
- Vig/Commisssion – 10%
Bookie Profit/Loss for a Regular month
- 50% of the players get a payout that average 65% of their credit limit ($8,125 )
- 50% of the players that lose, average a loss of 85% of their credit limit($10,625)
- your monthly fees are $1,437
- Your Vig/Commission is: $5,312
This means that you end up with a profit of $6,375
Bookie Profit/Loss for a Bad Month
- 50% of the players get a payout that average 175% of their credit limit ($21,875)
- 50% of the players that lose, average a loss of 65% of their credit limit ($8,125)
- your monthly fees are $2,000
- Your Vig/Commission is: $4,062.5
This means that you end up with a loss of $11.687.50
Your Weekly Fee
PricePerPlayer charges $5 or less per player per week. This represents a huge savings if you had to incur all this overhead yourself. Consider what it would take to hire an actual oddsmaker and you get some idea of the cost effectiveness. Maintaining a server alone is extremely costly as we here at Gambling911.com can attest to.
Create an Attractive Yet Functional Bookie Website
How to Create a Bookie Website the Correct Way - Bettors want to bet and in general in an unobtrusive environment that is not full of ads and fancy graphics. However, the website still needs to be attractive without look cheap and functional at the same time. Thus, you want your website to have easy to find information about your promotions, rules and the services you offer.
PricePerPlayer does all the legwork. You will have a customized website for your player that includes all the various wagering options and access to the latest lines.
You even get a live dealer casino and race book.
Security First
Every player wants to bet in a safe, secure and private environment. Today's top PPH providers feature multi-layered security system to protect you and your players. In addition, pay per head sites like PricePerPlayer feature infrastructure with several backup servers and prevention against any DDOS attacks, ensuring 99% uptime.
|
|
