Bookie pay per head providers offer software that makes everything easy for bookies. Instead of worrying about getting all of the information recorded and correct, the software does it for you. It takes bets from your players, it sets and adjusts lines for you, and it allows you the freedom to further improve your lines. But while all of these things makes your load as a bookie lighter, it does not mean it will do everything for you. You still have to check your lines, check with your players, and check limits and wagers. Which is why today, we will be talking about setting your limits in your sportsbook.
There are two basic limits that you will need to set in your sportsbook. The first, is the betting limit. Each player has a maximum amount of wagers that they can make. If your bookie PPH software is really good, then you can do this on your own, and you can configure the limits for each player, making it easy for you to give your players a customizable betting experience.
Setting Your Limits
As mentioned earlier, the betting limit is the first thing you set up for your player. This maximum betting limit can change whenever you want to. It depends on the player of course, as they can ask you for an increase or decrease, or you can go ahead and do it yourself. Another feature you will see in your sports betting software, is the credit limit, or how much credit you want to give your player. This will largely depend on how much you trust your player, so be very careful with this.
These limits are important to make because you need to remember that as a bookie, its your job to pay off all winnings in your sportsbook. Bookies take the money collected from losing bets to pay off the winning bets. Then, the bookie keeps any excess, plus the vig. So, if your players are betting a lot of money, and you do not have enough money to pay them off, then you will be in trouble. Set your limits based on what you can afford to pay out. You can start there and just increase as much as you can handle as you go along.
