We get asked the question “what is involved in becoming a bookmaker” almost daily. So with this post we hope to give you a good idea of what is involved and more importantly how easy it is to get started.
The Basic Principles Of Being A Bookmaker
The most basic principles of a bookie is to take wagers on events. These can be sports, races and even daily events. They offer a price to a customer who can place their wager in the hope of their bet coming in and therefore winning a profit.
The bookmakers job is to offer these people a good enough price for them to want to take the wager while standing an equally good chance of the house winning.
The old school way of being a bookie is where they will set all of their lines themselves. This is a long and drawn out process which puts a lot of people off even considering being a bookie.
The reason for this is that they need to study the potential outcomes, while taking into account all of the positives and negatives. This can be a very long and drawn out process, even for those with a great deal of experience.
As time has moved on and technology has come to make all of our lives easier, it also now enables even the most inexperienced people to start their own bookies and leave the line setting to other people.
Actually, when people sign up for Pay Per Head Companies such as PremierPerHead.com they have an all in one services that is literally doing everything for them.
When you sign up with Premier Per Head you get not only state of the art software so that you can control every aspect of your business. You also get a branded website and web app for your customers to use which will enable them to place bets on whatever they choose at any time of day or night.
But the real killer part for anyone thinking of starting their own bookies is that everything is done for you. Premier are proud to have some of the fastest line in the industry which are all set by expert oddsmakers working for you at no extra cost.
In addition, you and your customers also have access to our highly skilled and all English speaking customer support staff. Again, this is all included in the price.
When you sign up for a pay per head service then you only pay a small set fee for each of your active customers. If they are not active and making you money, then you don’t pay for them. On top of all this, when you sign up with us, you also get 4 weeks of no fees at all which means that everything you make is 100% profit.
Why Does Pay Per Head Make So Much Sense
First of all, if you were to develop a software along the lines of what we offer here at Premier Per Head then you would be looking to spend several hundred thousand dollars just on the development. In addition to this, you would also be needing to spend many thousands of dollars every month to keep the software updated and making sure it is continually improving.
On top of the software development costs you would also need to consider staffing costs. This would include customer service phone operators working around the clock and also the oddmakers.
All this combined costs a lot of money but with pay per head you pay nothing more than the set fee per active player. The reason for this is that the costs of supplying all of this is distributed over the many customers we have here at Premier Pay Per Head.
Secondly, it enables you to get started straight away. We supply you everything you need plus all the support you need. We create you a customer website and you will literally be up and running in a matter of hours, ready to take the betting world by storm.
When you run a pay per head bookies, the only things you need to worry about are collecting and paying winnings and bringing in new business. This is what makes being a pay per head bookmaker so popular. You can literally let other people deal with the day to day running of your business while you worry about the most important element of bringing new customers to the party!
Get in touch with us today by filling in your details and one of our managers will get back to you ASAP to answer any questions and give you a run through of the software.