The sports betting industry marks its continuing return to normal with the start of the new NBA and NHL season in mid-October. Add in the meat of the football season and the run for a MLB World Series title and you now have the perfect storm for building out your betting board this fall as a private bookie.
The easiest way to take advantage of everything going on right now is through a quality sports betting software provider.
The Pay Per Head Advantage
While the overall sports betting industry has expanded in recent years, it has also become far more complex from an operational standpoint.
It is almost next to impossible to run and manage a successful private bookie business without the help of a pay per head provider. The good news for bookies is the cost of these weekly plans has never been more affordable.
For around $10 a week per active bettor, you will have fast and easy access to everything you need. The right PPH service will give you the technology and software solutions to fully automate your bookie business while operating it online.
By moving your bookmaking business offshore with a PPH service in Costa Rica, you will protect your business interests while safeguarding any personal data tied to your betting clientele.
Pay per head bookie services providers have come a long way in the past two decades or so. The operating system behind today’s top-rated pay per head sites would easily rival what the biggest commercial sportsbooks are using to power their online sports betting platform. For a minimal weekly cost, you will have everything you need to run and manage your own private sportsbook.
Make the Most of Your Pay Per Head Provider
One common mistake among private bookmakers is leaving money on the table when it comes to building out a betting board. Your PPH service gives you easy access to sharp betting lines covering a wide array of sports and sporting events.
It is obvious that football accounts for the bulk of your weekly handle this time of the year. However, you should always be looking for opportunities to expand that handle (and the hold on that added volume).
By building out your betting board with a wide variety of betting options, you are giving your existing customer base everything they need and more. You always want your players to wager within their means. However, by expanding your board, you will take in more action without having to necessarily increase your active betting base.
You will benefit from the added profit while keeping your pay per head weekly costs the same. The low, weekly per head few is not based on each customer’s weekly betting volume.
In all honesty, you are much better off with 10 high volume bettors wagering $1000 a week, than one hundred bettors spending $100 betting the weekly games.
Betting Leagues as Individual Revenue Streams
You should think of every betting league as an individual revenue stream. The NFL followed by college football may be the biggest stream. Yet, by the time winter rolls around that stream has all but dried up. Pushing NBA and NHL games early in the season lays the ground work for those two streams to be productive heading into next year.