Last updated on February 2nd, 2020 at 11:58 am
Becoming a bookie is a business like any other. You provide a service and a product, and you are compensated for it. Of course, like any proprietor, a bookie’s goal is to earn a decent profit. You are already using a pay per head service to cut down on expenses and to ensure a smooth operation of your sportsbook. But does the work stop there?
True, running your sportsbook with the help of the best bookie PPH will handle the operational aspect of your sportsbook, you will need to focus your attention on increasing your profit margin. A good marketing campaign can help you get more players, and can also help you ensure that they stay active players in your books.
How to Track Your Sportsbook
The beauty of the features of most of the bookie pay per head providers, is that they offer more than just operations. Aside from processing all of the wagers made in any given day, your pay per head provider has one ace that every bookie should use: bookie reports.
By using your bookie report function, you can track the entirety of your operations. You have the data already, now its time to generate the metrics and see how you can improve your sportsbook. And when you need to ramp up your bookie operation, you can use the reports to guide you on what to change.
For example, you can check your daily bet ticker to see how much action you are getting on a daily basis. For one, this will help you see how much vig you have per day, and get an idea on how busy your sportsbook is. Next, is to see your players’ activity. With this tool, you can see which players are earning you money, and which players will need a nudge or two to place more bets. Consequently, you will also see which players are trusted enough that you can increase their betting limits.
There are more features in your sportsbook software that can help you grow your bookie business. And if your pay per head software provider is offering this feature as included in your rate, then make use of it wisely. If you don’t have this feature, then its high time you switch over to one that offers this.
