If you are a private bookie looking for a cheap solution to your online sports betting software solutions, always remember that you get what you pay for. There are any number of ways to save money running and managing your own independent sportsbook, but signing on with the cheapest Pay Per Head site should not be one of them.
The Right PPH Plan for Your Bookie Business
While you may not need the top of the line plan depending on your particular business needs, it can be well worth the added per head weekly cost to get the added features and benefits from a premium plan. For example, betting alerts that provide real time data on wagers as they are placed can be an invaluable business tool during very active betting days. Going into the NFL’s Super Bowl or the opening rounds of the men’s NCAA Tournament can be trying times for any bookie looking to stay way ahead of the action coming in.
A few of the other premium services available in an upgraded PPH service include:
- A Highly Customizable Business Dashboard
- Expanded Live In-Game Betting and Live Dealer Casino Table Games
- Mass Edit Capabilities for Betting Lines and Betting Limits
- Advanced Mobile Betting Platform
Before you sign on with any price per head shop you need to gain a thorough understanding of everything that is included in your bookie software solutions package. Even more important is understanding what is not included or only available at an added cost. You should always be wary of any pay per site leading with an extremely low weekly cost. Chances are, the price is based on a stripped down plan that will not provide all the necessary tools to successfully run your bookie business.
One of the best things about the pay per head business model when it comes to running and managing your own book is a fixed cost of doing business. The only time your overall costs increase is when you are adding new betting customers to the fold. You can easily track your hold percentage and bottom-line profit on an account by account basis to see exactly how you stand with each of your betting customers. Some will always be more profitable than others, but your concern lies with anyone you are consistently losing money with.
Maximizing Value in Your Pay Per Head Software Plan
One of the biggest mistakes some bookies make is not utilizing everything your price per head shop brings to the table. There is a reason why the quality providers charge a bit more for their online sports betting software. There is also a reason why there are so many different business reports included in the plan.
Real time analytics are the only way that any bookie can always stay way out in front of all the daily, weekly and monthly action coming in. You need this data to make important decisions when it comes to moving lines, changing your betting board or laying off some action to avoid any negative exposure. It is far bettor to act on an opportunity ahead of time then dealing with an issue after the fact.
Grow Your Bookie Business With Pay Per Head
The goal of any business is creating a steady stream of profit that meets specific financial needs. Running your own sportsbook in a highly competitive industry can be a challenge at times. However, the right pay per head bookie software plan gives you everything you need to be successful. This not only pertains to short term gains, but to long-term financial returns that continue to grow along with your business.