2016 Rio Summer Olympics: Online Bookie Preview
The 2016 Rio Olympics is just about here. The Olympics kick off on August 5th, 2016 and finish August 21st, 2016. Online bookies could see significant action from the Olympics this August. Odds have been set for most of the events. It’s imperative that bookies utilize any and all pay per head tools in order to manage Olympic betting.
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Low Odd Favorites Could Dominate the Betting
Usain Bolt is at -200 to win the 100-meter. Although rumors have been swirling about Bolt’s supposed injury, -200 might make some Olympic bettors swoon. To them, -200 on the fastest man on the planet to win the shortest track and field race in the Olympics constitutes great odds. Online bookies should think about it this way: at -200, a player betting on Bolt wins 50% of his or her investment. That could add up to a lot of money won.
Bolt isn’t the only low-priced chalk that is expected to come through. USA Team Men’s Basketball is at -1400 to win. Wayde Van Niekerk is at -110 to win the 400 meters. The Koreans are at -290 to win the Olympic Women’s Team Archery event.
Control All Betting with PPH Tools
No matter if a bookie has players that love to back the favorite or love to back underdogs, a bookie can manage all betting through per head tools.
For example, an online bookie could set a betting limit of $700 on the USA Team Men’s Basketball to win gold. Since the odds are at -1400, the highest-payout on a $700 bet would be $50. Bookies could set betting limits on Usain Bolt to win the 100 meters at $200. The highest payout if Bolt comes through would be $100.
One word of advice is that if bookies use a pay per head tools in order to set max betting limits on an event, those max betting limits could run the gamut. For example, Yohan Blake is at +800 to win the 100 meters. The most a bettor should be allowed to wager on Blake is probably $100.
Olympic betting should be rampant in every bookies’ sports book come August 5th, 2016. Online bookies should use pay per head tools in order to manage the action.
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