So you’ve thought long and hard about it and now you feel that you’re ready to make the switch from being a sports bettor to becoming a bookie. Before blindly jumping to the other side of the counter to become a bookmaker you need to do your homework!
First off it is important to be sure you have a complete understanding of the online bookmaking business. A good start on the road to success is having the proper tools in place before getting started. Below are some bookie tips that you are sure to find helpful on your new quest to be a bookie.
Your Starting Bankroll: Getting started with an adequate bankroll is probably the most important aspect to get your new bookmaking business up and running. Even though being a bookie is basically about money management and your ability to move money around between your bettors, you’ll need to always have some extra working capital available from day one to be successful! Don’t make the mistake of counting on using your players’ losses to always pay off your winners as doing so can quickly kill your bookie business. You need to always be prepared for setbacks as players do sometimes come up short or end up making their payment late and in a worst case scenario end up stiffing you altogether, so always be prepared for the worst!
Find a Turnkey Pay Per Head Service: Hooking up with a pay per head service like www.hostpph.com can instantly turn your local bookmaking operation into a full blown offshore sportsbook. As a new pay per head agent/bookie you’ll have the ability to offer your bettors a wider variety of sports wagering options, horseracing, and casino action 24/7/365!
Paying Your Players: Part of becoming a bookie is to understand & implement the old bookmaking rule, “fast pay makes fast friends”! There is no better advertisement for your new bookmaking business than paying your winning players in full and on time! Always remember good news travels fast, but bad new travels much faster! Slow paying your players will quickly kill your creditability as well as any chance of growing your internet bookie business!
Collections: Collecting from your players on a timely basis is also crucial to becoming a successful bookmaker. Always take every aspect of your bookmaking business seriously and as a rule of thumb, NEVER take a soft approach towards player collections!
Recruiting New Players: The most successful internet bookies are the ones who are always on the hunt for new players! After you’ve decided to become a bookmaker your next task is becoming a successful recruiter. Recruiting new players should be your main focus, and using a competent pay per head service will not only make it easy to do so but will also give you instant credibility!
Have Your Own Bookie Website: Pay per head services like Hostpph offer internet bookmakers free customized bookie websites. The savvy bookmaker who intends to grow his internet bookie business will want to take advantage of this offer and recognize that doing so can quickly take his local bookmaking business to the next level!
