So you want to be a bookie but have no idea how it is done. Well, you have found the right place to learn How to be a Bookie thanks to this tutorial. This is because our bookie tutorial will teach you how to start your bookie operation from A to Z. Thus, you will learn what you need to run an online sportsbook from finance to software and more.
The first step to becoming a bookie agent is to understand what the business is all about. Being a bookie is not as easy as it look. In fact, to be a successful bookie entails a lot of hard work and is becoming a lost art. This is because ever since online sportsbooks began to appear, it is now easier to go online then go local.
However, there is a solution for bookies that want to compete with the big boys and are not afraid of hard work. If you are willing to work hard and want this kind of lifestyle with potentially high profits then keep reading! On the other hand, if you thought that being a bookmaker was easy then we suggest you find another hobby.
Money, Money, Money…
Here is the cold hard fact, you need money to make money. Thus, if you think you can start your bookie operation with a few hundred dollars you will not make it. This is because even though it is enough to start a bookie PPH, it is not enough on the long run.
For example, you only have one client and that person bets only $300 per week. Well, if he gets lucky and wins big, you will probably not have enough to cover his winnings. Thus, that is an instant loss to your reputation and you will never acquire more clients because of it.
So all we can say is that it takes money to make money. In general, bookie that use a Pay Per Head solution will start with $5,000 to $10,000 for a modest operation. On the other hand, if you want to use a white label sportsbook than you will need at least $250,000. Furthermore, if you have a lot of starting capital and can afford a gambling software then you will need $500,000.
Using a Pay Per Head Bookie to start your Operation
Thus, this bookie tutorial is about using a bookie pay per head as it is within the reach of most people. This is because a pay per head sportsbook allows you to have a bookie operation at a very affordable price. Instead of paying start up fee and monthly costs, you only pay a week per player fee. Thus, if you have 10 active players in a week then you only pay for 10 players.
On average, a Bookie PPH service will charge from $3 to $25 per player. The basic Pay Per Head plan will include customer service for your players, player gambling website and an online casino. Furthermore, you will be able to manage your players from setting limits to creating player accounts.
In our opinion, the best deal in the industry is PricePerPlayer.com. This is because you get all of the above and also get live betting, live dealer casino, racebook and more. This is all at the price of only $5 per player with no hidden cost or fees!
Understand Sports Betting
It’s that simple; if you do not understand the numbers and formulas in sports betting then you will lose. This is because sport betting is all about numbers and knowing how to make them work in your favor. Thus, even though a team is the favorite, you can make the odds to work in your favor.
Furthermore, you need to understand different types of bets like parlays and teasers and how can benefit your profit margin.
Last, we want to talk about having the right mentality to be a bookie. Being a sports fan, a professional bettor and a bookie all revolve around sports. However, you cannot be all three successfully. This is because being a bettor and being a bookie is about winning. Passion cannot be in the equation. In addition, being a bookie means you need your players to play a lot and lose a lot. 
