How to be a Bookie for Dummies?
If you are interested in being a bookie but do not know how then the first thing you should do is to look for a pay per head company that can set you up with an agent account. Pay per head companies provide a website and lines for numerous sporting events and then grade each game as soon as it ends. The price for this all-inclusive service generally costs $10 per active player a week and you only get charged when your player has a graded wager during that week.
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By using a pay per head site, it actually means that you do not have to worrying about knowing how lines work. These services have a team of experienced lines guys that calculate and move each line up to the second, so this is not something you need to worry about.
After you get set up then they most important thing for you to do as the bookie is to find people that want to bet on sports. Since you are just starting out it is important to start by asking close friends and family members if they would like to bet. If they do then you can give the person a specified credit limit that you both agree on beforehand, and then he can use that limit each week to place his wagers. But just always make sure that you give the player a credit limit that he would actually be able to pay if he lost the full amount.
For example, if you give someone a $5,000 weekly credit limit but they are a person that only makes $1,000 a week then this could very well be a problem if he loses the full 5k because he will not have the money to pay the full amount. So in an example like this then it would be smarter to give this person a few hundred dollars a week in credit such as $300, because if he loses the full amount then he will actually be able to pay.
The key to this industry is to get people you know can pay and just make sure not to give players higher credit limits then they can actually afford. Once people start betting it is very easy for them to get hooked on betting and for them to start losing money quickly. But if a player losses more then he can afford and he canít pay, then you will not be able to collect and earn money from this player, so that is why it is very important to always give players a credit limit that they can actually afford to pay.
The other very important thing to do if you want to be a successful bookie that grows their business is to make sure that when people win, that you pay them as fast as possible. A betting week goes from Monday to Sunday at midnight, so if a player wins a $1,000 during the week then you should try to pay him the Monday after the week closed. The faster you pay the player, the happier he will be, and a happy customer over time will eventually refer you to other people he knows that would also like to bet, and the more players you have then the more money you will make.
One of the top-ranked pay per head sites in the industry is www.AcePerHead.com and they actually have a very informative video you can check out here that can further explain how to be a bookie for dummies.
How to Become a Bookie Agent?
