The good news is that it is simple to open a bookie business today. Bookies needed to make lines, accept wagers through phone, and monitor all bets in the past. Fast forward to the present, and anyone can be a bookie in a matter of minutes. All you need to do is to sign up with a pay per head business.
You can be a bookie with a pay per head solution. They allow you to open a sportsbook without the need for substantial initial capital. PPH providers, such as PayPerHeadKing.com, offer sports betting software and other tools at a low cost. In addition, bookies only need for each active player.
Steps to Open a Bookie Business
Step 1. Open a PPH Account with PayPerHeadKing.com
The first thing you need to do is to sign up with PayPerHeadKing.com. We offer PPH services at a low price of $5 per player. Our services include online bookie software, customer service, and more. When you open a PPH account with us, you can launch an online sportsbook within minutes.
Sign up with PayPerHeadKing.com today!
Step 2. Create Player Profiles
The next step is to log into the PPH account and create player profiles. Also, it doesn’t matter how many players you have. Our flexible sports betting solution can handle small to big-sized sportsbook operations.
Step 3. Launch the Bookie Business
The last step is to wait for players to start wagering at sporting events. Once they do, all you need to do is collect the juice or vig. You’ll earn from every wager, whether players win or not.
Money Needed to Run a Bookie Business
Many potential bookies are wondering how much money they need to start and maintain a bookie business. If you start with 20 players, you’ll need $100 to pay for the PPH services each week. Also, you need to have enough money in the bankroll to cover winning wagers.
The good news is that the commission for wagers placed in the sportsbook can cover the PPH fees. Thus, you only need to ensure you have enough money to pay winning bets. Also, you need to ensure that you have an efficient collection system. That way, you don’t need to worry about collecting money from players when they lose.
Managing the Online Sportsbook
The best thing about using PPH software is that you don’t need to worry about the backend operations. The software will handle the lines and monitor all betting activities for you. All you need to do is to attract new players and keep existing ones happy with your services.
The PPH service allows you to manage player accounts. For example, you can set betting limits, their access to markets, and more. Also, you can generate reports on earnings, betting activities, and other player data.
Start a Bookie Business with PayPerHeadKing.com today!
