How to Start Your Own Sportsbook
If you have thought about becoming a bookie, there are a few options to consider. You could open a land-based sportsbook or you could go online and launch an offshore operation.
Or, you could do the smart thing and invest in yourself and a pay per head software partner.
Land-Based & Offshore Books
There is simply too much overhead to get into a land-based bookie business or even an online offshore sportsbook. With the land-based book, you have to invest in a building. That means you are paying a utility bill, internet service bill, water bill, etc. It’s simply too big of a barrier to entry.
It’s much the same running an offshore operation. You won’t have the building overhead, but you will pay for licensing fees and taxes in all of the jurisdictions in which you plan to operate. If that’s not enough, you’ll have to compete with all the big boys in the industry like William HIll and Ladbrokes.
Why PPH Makes Most Sense
The simplest, most cost-effective way to enter the world of owning your own sportsbook is through the use of a turnkey bookie solutions company. As the name implies, you only pay for the active players you have signed up.
You might have 50 total players, but only 20 place wagers in a given week. The industry standard is $10 per player. For 20 players, your fee that week is $200. That’s it.
The bigger advantage to using a service like this is the software that helps manage your entire operation. You don’t have to invest in a fancy website. It is provided for you. When players sign up, they receive access to the website.
Most PPH services offer great technology, which makes managing your business very easy. You’ll have access to a wide range of options for betting. Don’t get left in the dust of the future of sports betting post COVID-19. All the major sports will be covered as well as a number of other options from around the world. There may be facebook options as well.
Pay per head services also include live customer service agents. Anytime you have a player with a question or an issue, they can reach out to a customer service representative that can help them with their problem.
As an independent bookie, you don’t have to waste time trying to figure out the problem on your own. You can concentrate on doing what you do best – getting more players and making more profits.
The typical pay per head bookie service offers the easiest way for someone to break into the world of running their own sportsbook. From a customized, professional website to customer service reps available 24 hours a day, seven days a week; a PPH company offers more bang for the buck than any other method of entering the industry.
If you have thought about owning an online sportsbook, plan for the future and run a successful online sportsbook that will last. Let the software do what it does best while you do what you do best – sell your service and bring in more paying players.