A quality college education is vital to getting a step-up on your chosen career path. Unfortunately, gaining that edge does not come cheap these days. Along with all the pressure that goes into posting the highest grades possible while in school, comes the underlying concern of how to pay for that college degree when you graduate.
Part-time jobs while in school and paid summer internships can only go so far. To get a jump on your overall college debt through student loans, you need a way to make some serious money that can actually dramatically pay down that debt in the shortest amount of time as possible.
Sports Betting In The US
A large percentage of sports fans that love to watch the games also love to bet on them. Sports betting in the US alone has grown into a multi-billion-dollar industry in a rather short amount of time.
Offshore sportsbooks got the ball rolling by catering to the US market with their online betting sites starting in the late 1990’s. Over the past two years, more and more states are opening the door to sports betting within their borders with both land-based sportsbooks in existing casinos and racetracks as well as through the internet with online sports betting sites.
Sports Betting With Private Bookies
Even with this high level of competition, the private bookie running and managing an independent sportsbook still accounts for the lion’s share of the sports betting revenue generated in this country.
As a college student or recent college graduate with a high level of student loan debt, the low-cost entry into the private bookmaking industry can create a highly lucrative opportunity to get your student loans paid.
How to Be a Bookie:
- The first step in the process is to find some sports betting customers. That should not be all that hard to do with today’s easy access to social media streams.
- The second is to build up enough cash reserves to cover the initial weekly action you plan to take. The profit model built into making money as a bookie will quickly build up those reserves as your business grows and expands.
- The third and final step is to contact Real Bookies to take your business online. This is the low-cost aspect to entry. Sports betting outside of an actual land-based casino sportsbook is an online operation. While some old-school sports bettors are still placing bets through a phone, the majority of the action is booked online through desktop and laptops, and even more so, through a sophisticated mobile sports betting platform for smartphones and tablets.
Real Bookies Pay Per Head Business Model
It would be next to impossible to afford your own internal sports betting software solutions package. If you had that kind of money laying around, student loan debt would not be an issue. This is where Real Bookies steps in. For one set low weekly per head fee for each of your active betting customers, you will receive everything you need to run and manage a successful private bookie business online.
While this will be your biggest operating cost, the added value in Real Bookies’ online sports betting software solutions package will provide the fastest track to overall success. All sports bookies make money with the same basic formula known as ‘hold percentage’. This is the difference on a percentage basis between the money paid out on winning bets and the money collected on losing bets plus commission (or juice).
Since the standard industry juice charged on losing bets is 10 percent, a hold percentage of five percent or higher is an acceptable amount of gross profit. The higher the hold percentage, the more money a private bookie takes in at the end of the week.