What is The Meaning of Pay Per Head?
If you have any interest in sports betting or the sports betting industry, you have probably come across the term, “pay per head”. An internet search of that term brings up a number of listings for phrases such sportsbook betting software solutions, bookie software systems and bookmaking software services. The basic business concept behind any pay per head service is to provide private bookies with all the online business tools they need to run and manage an independent sports bookmaking service.
The ‘pay per head’ portion is a term relating to the weekly fee a bookie pays for this service based on any active betting customers. For example, if the posted cost per head for these online sports betting software services is $5 and a bookie works with 25 active betting customers on a weekly basis, the total cost per week would be $125.
Why Does Pay Per Head Work?
Conducting an internet search for how pay per head bookie software solutions work could easily be reworded to why they work for a much more meaningful answer. Other than a computer software expert or IT professional, does anyone really care how any software solutions package works? The much more important question to ask is why does it work.
In the case of a private bookie taking action from a select group of sports betting cliental, the whole process has become far more complicated in recent years due to rapid advances in online sports betting technology. The entire pay per head bookie software industry evolved from the early offshore sportsbooks taking their business online.
Private bookies always have and probably always will account for handling most of the sports betting action both in the US and around the globe. Just like the online sportsbooks needed a more sophisticated way to run their operations through the internet, private bookmakers turned to the pioneers of the online sports betting industry for simple software solutions that would help take these independent operations online.
Both the big online sportsbooks and independent bookmakers have actually worked in unison with sports betting software developers to expand the sports betting industry into a multi-billion-dollar operation.
Can Pay Per Head Work for You?
Another good topic to search is can pay per head work for your business endeavors as a private bookie? The simple answer is yes if you are serious about successfully running and managing your own private sportsbook. It would be highly cost prohibitive to try and duplicate the necessary sports betting software solutions on your own.
That is why the low, weekly per head fee you pay for proven time-tested sports betting solutions makes it rather easy to take your bookie business online. All you really need is some initial cash reserves to more than cover any weekly action you plan to take in. As your customer base grows, so will your overall hold percentage between winning and losing bets. Once cash flow is steady on a weekly basis, you only consistent cost would be the weekly pay per head fees.
A few of the most important features and benefits that makes pay per head solutions work for you start with the basics such as:
- An automated player management system
- Account profiles complete with set player limits
- Real time business analytics for daily, weekly and monthly betting revenue
- Settlement reports for any designated time frame
Besides adding business structure to your bookie business, you are also initiating the proper time-saving processes that allows you to focus more of your personal time on the activities that will boost your bottom line.
Summarizing the key questions that go into starting your own successful bookmaking business:
It is a low-cost sports betting software solutions package for running and managing your own independent online sportsbook. It is turnkey by nature and easy to operate on a day-to-day basis.
The basic business model behind pay per head bookie software emulates the same operating system running the biggest online sportsbooks’ betting websites.
If you are a private bookie working with a select group of sports betting customers, you can answer this question by yourself. All you need to do is test drive any number of different pay per head online sports betting software packages to find the one that works best for your business needs.
- What is the Meaning of Pay Per Head?
- Why Does Pay Per Head Work?
- Can Pay Per Head Work for You?
