The true essence of being a private bookie is properly managing the betting options you take action on. Your goal is to prosper from the middle ground in as many bets as possible. Whether it is the spread on Sunday’s big game or a prop bet on which team scores first in that matchup, balancing out the money on either side ensures a profit on the outcome either way.
Unfortunately, this is easier said than done. If your betting clientele bears any resemblance to the general betting public, the bulk of the betting action still shifts toward favorites on the spread and OVER on the total. That is just the nature of the game.
You make your money on the overall hold. This is the difference between the money paid out on winning bets and the money collected on losing wagers plus any commission (juice or vig) charged. Given that the standard commission on a bet is 10 percent, a hold percentage between five and 10 percent turns into your operating profit.
Build Your Betting Board With Real Bookies
For more than two decades, thousands of independent bookmakers have turned to Real Bookies in order to automate that business while running it online.
One of the most important aspects of those bookie services is building out your betting board to meet each of your customer’s sports betting needs.
Real Bookies has developed an ongoing business relationship with the best Oddsmaking services in the sports betting industry. It also employs in-house sports betting experts to ensure that you have fast and easy access to everything you need when you need it.
All the betting lines and odds are delivered sharp to cover a wide variety of sports and sporting events.
Manage Your Betting Board With Real Bookies
Real Bookies also provides professional tools to manage your board. Real time analytics aid in the decision making process when it comes to moving betting lines and making changes to that board. You will also have the ability to make any necessary adjustments to individual betting and credit limits.
By always staying way ahead of the daily and weekly action coming in, you can also capitalize on opportunities ahead of time. Real Bookies also helps you avoid dealing with issues after the fact.
Detailed player reports is another productive tool to manage your board on an ongoing basis. This information can then be rolled up as part of your risk management processes.
Prosper From Your Betting Board With Real Bookies
The bottom line with any betting board is the bottom-line profits it generates. Real Bookies can help you increase your weekly betting handle without having to increase your betting base. This can be done in a way that also raises your hold and profit per player.
This is an excellent chance to maximize the value in Real Bookies’ already affordable weekly pay per head package. Since you only pay a fee per active player, building the betting handle and not the betting base is a proven cost-saving strategy.
Along with expanded betting options across a wide array of sports and sporting events, Real Bookies offers software solutions to take in daily betting action on horse racing covering every major track.
You can even run your own online casino equipped with Las Vegas-style slots and table games as part of your PPH plan.