More Bettors at Lower Fees With A1 Price Per Head
One of the most appealing aspects of opening your own private bookie business is a low-cost barrier to entry. You will need some cash reserves in excess of the weekly action you bring in to more than cover any anticipated payouts. You will also need a business-enhanced computer to run things online, but if you can operate out of a home office, there are no other high start-up costs you will have to absorb.
As far as finding the right pay per head bookie software provider to handle the operational end of the business, A1 Price Per Head offers a low-cost solution to cover all your business needs. Best of all, you can be up and running online in no time with four free weeks of PPH service as part of the site’s free trial offer. All you need to do is supply the players and your in-house customer service team will handle everything else.
The online sports betting business is booming with private bookmakers still handling the lion’s share of the revenue. Land-based sportsbooks in the US are far and few between with only a few states offering sports betting. The big commercial online sportsbook industry does offer some competition, but they can never match the higher level of customer service and personal attention to detail a private bookie brings to the table.
Working with A1 Price Per Head bookie services is like having a silent business partner handling the operational end of things. This frees up more of your time to grow and expand your customer base while also increasing profits that go directly to your bottom line.
How Private Bookies Make Money
As a private bookie running and managing your own independent sportsbook, your primary concern should be your overall weekly ‘hold percentage’. This is the percent of revenue that is left over after all the weekly winning bets have been paid against the money collected on the losing bets plus the commission charged for booking them.
Some weeks will be great when underdogs barked the loudest and some weeks will be forgettable when the wrong side of a lopsided matchup causes a negative cash flow situation. To be successful as a private bookie, you need a hold percentage that balances out in the range of five to seven percent.
Building a Bigger Customer Base to Lower Costs
Assuming you can maintain a steady hold percentage in the suggested range, your biggest weekly cost will be the price per head fees you are paying for each of your active customers. When you choose A1 Price Per Head as your bookie software service, there are never any front-end charges, hidden fees or added costs. You will always know your total weekly cost based on how many active bettors you had.
One of the best things about running your own independent book is the ability to hand pick your own sports betting customer base. Some bookies opt for a high risk/high reward approach by working with heavy bettors at higher credit and betting limits. Other bookies take a much more conservative approach by building a customer base of casual recreational sports bettors that become rather predictable in their weekly betting habits.
Either way, you need to develop a customer base that can provide enough revenue to meet your overall profit goals. One of the biggest benefits of signing on with A1 Price Per Head is a volume discount based on the overall size of your active betting base.
Discounts from an already low, weekly price per head fee kick in at just 30 players. Using a blend of casual bettors with a few heavy hitters mixed in creates a very balanced approach to meeting those profit goals. Building a bigger base for lower per head fees at A1 Price Per Head is a great way to save on costs that also can enhance the overall bottom line.