Pay Per Head Tips: Why Your Reports Are Your Bread and Butter
Most pay per head agents want to grow their sportsbook businesses. This makes sense because most bookies dream of becoming full time bookmakers.
What many bookmakers might not understand is that the key to growing a bookmaking business is by studying per head reports.
Business Decisions Are Made from Info on Reports
Every c-level employee, including the Chief Executive Officer, in every company makes business decisions based on reports. Reports are the bread and butter of any organization.
No forecasting in any business, no decision about expansion, none of that exists without good reporting structures. Like all business owners, pay per head agents must make decisions based on information gleaned from reports.
See below for 3 important reports that all agents must become used to viewing.
Top 3 Pay Per Head Reports
Player Reports
Player reports are ultra-important due to the nature of the individual per head agent’s business. Individual agents must always be aware of their largest players. If their largest players don’t play, they could get into trouble.
No action, means no revenue, means no profit.
Wagers Report
The wagers report is broken down by business unit. Some wager reports, like those offered by PayPerHead.com, allow agents to delete bets directly from the report.
Understanding which business units produce the most action is imperative for any bookmaking CEO to make financial decisions.
If, as an example, the wagers report imply that players only make bets on Monday Night NFL Football games, that’s actionable information.
Should the agent send marketing messages around Sunday NFL games?
Live Betting Reports
It’s essential that online bookie agents study live betting reports. Live betting reports can glean a ton of information that agents can’t get from any other report. Here are some reasons why:
1. Live betting is unique
2. Live betting is done on the fly
3. Live betting is a growing revenue stream for most online bookie companies.
It’s important to gather as many live betting reports as possible. Companies like PayPerHead offer extra live betting reports via their premier software packages.
Pay per head agents should consider signing up for premier software that offers extra live betting reports. Find out how you can get it all for just $3 per head while you’re at it!
Live betting could be an online sportsbooks largest driver of revenue in the near future - you need the reports to stay profitable.
