bitcoin-bookie-buisness

Why Bitcoin Is Important To Bookie Business?

by Tips

Most of the leading Pay Per Head software providers are accepting digital currency as one of the payment methods. In fact, Bitcoins is the main example that grows rapidly and becomes what people need most within the online gambling industry. Continue reading this article and learn why Bitcoin is important to bookie business.

Safety

One of the biggest reasons why Bitcoin grows in popularity and becomes a need in bookie business is its safety. Nowadays, credit card number can easily get stolen and personal accounts can be hacked. But digital currencies such as Bitcoin are more secured because they can be recorded on computer drives with no personal info attached. Besides, Bitcoin uses blockchain protocol which is the dual-key system to store and protect digital funds for extra security. As long as you take the proper measures to protect your public/private keys, they are actually impossible to steal or hack.

Privacy

Bitcoin is a form of currency that is not tied to any banking entity or financial institution. Which means that there are no regulations or government involved and Bitcoin is unencumbered. Besides, it doesn’t require any personal sensitive information to open the account or to use its service; therefore, user can have the major privacy than other payment methods. 

Speed

Bitcoin is the real-time cryptocurrency so you are able to deposit and withdraw the funds quick just like using cash. There is no delay on the transactions and you don’t need to wait 5 days for the banks to check up your financial records any more. As a result, you will be able to keep a steady cash flow in your book at all times because you can pay out and collect the money instantly.

No middle man

Bitcoin lets bookies pursue their business goals without bureaucracy getting in the way because there is no financial middle man involved. In other words, Bitcoin uses peer-to-peer currency network and bookies are totally entitled to their own money. 

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Secrets Of Making Money For Bookie Business

by Tips

You may wonder what is the secret of becoming a successful bookie? Just like another business, there is a little “stuffing” between those stories about success, and it won’t harm to add these to the mix given they seem to work for a lot of bookies.

Hard Work

If you don’t want to dedicate your heart and soul into your own business, then don’t even try to start off because the key to the success is the hard work. This is not a secret that everybody is aware of it takes hard work to build a successful business. Now, the actual secret is it’s essential to find the correct people to work hard with you side by side.

Trying to do all the work only by yourself or micromanaging your business is the inefficient approach. It’s important to hire experts to do most of the heavy lifting, then you can focus on different areas of the business which only you are able to do such as expanding your players list.

Only High Quality Products

You probably feel confused because it may sound like out of topic when speaking of an online sportsbook. However, the truth is that every bookie does sell a “product” which you might guess right is the betting lines.

Some businesses show greater performances when they specialize and limit into only one product which is the opposite for successful online bookies. In fact, the more betting choices you can provide the more profits you are able to make, but only if your betting lines are the sharpest with the high quality of support.

Technology

You are not trying to start your bookie business with all the bets written on a piece of paper, are you? If you want to make more money and be successful in this industry, your goal should be at least to build solid online sports betting brand. You don’t really need to start big right away to achieve this level and you can develop into it at your own pace. Besides, you also need to set short, medium and long-term approachable goals for yourself and your business.

Your business will function within the digital world; therefore, technology must be the top priority of all. You need speedy servers, mobile capabilities, the best betting software, top of online security and skilled support team working 24/7 to make sure everything works smoothly.

PricePerHead.com

Pay Per Head service is the most important and critical secret for making a bookie business successful. In fact, PricePerHead.com is the ideal place where you will have skilled experts in the betting business working for you 24/7, making your job simpler, and you can make profits with ease. They provide the great amount and diverse betting options for your players, and their lines are the sharpest in this industry. And the best part of all is that you will only need to pay a little fee to get all these amazing services! 

Image by Gerd Altmann from Pixabay

bad-time-management

Bad Time Management Mistakes In Bookie Business

by Tips

Just like another businesses, running a bookie business requires time and effort. Although the best bookie software you got can do the most of the important tasks for you, some processes still require your full dedication for getting a better result. However, things may unexpectedly go wrong if you can’t manage your time properly. This is why we are going to point out what are the possible mistakes causing by having a bad time management that can even ruin your bookie business.

Fail on keeping the To-Do Lists

As we have mentioned before that one of the biggest advantages of a bookie business is time flexibility. Which means that you are in charge of your own schedule to make your day productive. In this case, using To-Do Lists is the ideal way to effectively organize the tasks because you may have forgotten to do an important piece of work at any moment. However, if you don’t consistently check on your list or stick to the plan, you may still fail on managing your business and wasting a lot of time.

Not prioritize the tasks

As a bookie agent, you may have many pending tasks that you need to finish in a short period of time. Don’t ever think that you have plenty of hours to spend because at the end of day you probably will feel that you have done nothing. In fact, if you don’t prioritize the tasks by the importance and urgency, you will not only waste your precious time but also lose control of the business.

Procrastination is the problem

Procrastination occurs when you put off the tasks that you are supposed to complete right now. It is actually a serious problem for running the business because the delay work will affect the other coming ones, and you can’t never catch up with what you need to accomplish on time. As a result, you may lose the golden time to grab the opportunity for growing your business and even generate a negative reputation by having poor time management.   

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what-is-bookie

Basic Insights About “Bookie”

by Tips

Looking at some key roles or positions in the gambling industry, let’s start with some basic terminology that you may probably already know a few. So, if someone asks you what is a bookie, how would you reply? Right here is how we would address the question for you.

What is a Bookie?

Bookie is the slang term for bookmaker, whereas the term seems to indicate a “single person”, it can be a company as well. In addition, the job of a bookmaker or bookie is to accept and pay off wagers from gamblers (we usually address them as “players”). Their bets are mostly related to sporting events, but bookies can also settle for bets on horse racing and casino games.

What Does a Bookie Do?

For a bookie to have the ability to set up bets, a line or betting odd should be set first. In fact, this is likely one of the most essential duties of a bookie. Setting the correct line will increase the possibilities of generating large profits. In other words, if the betting odds cannot be set properly, the bookmaker may face the big losses of money.

Besides, bookies need to properly regulate the odds from the moment they are made public until the sporting event begins and the line will be closed. Such adjustments are done based on the variety of bets and amount of money received. However, having too many bets or placing too much money on one single team will increase the risk for the bookie. Therefore, the main objective for a bookie business is to maintain as much balance as possible. 

What is the Role of Bookie When a Pay Per Head Service is Involved?

There was numerous confusion related to pay per head services like PricePerHead.com, who offer the service of posting sharp betting odds and the advanced technology to accept bets online. Some people may wonder if this makes Pay Per Head company a bookie, the answer is no, and please allow us to explain why.

Pay Per Head companies supply the software, lines, staff, and the network so bookies can manage their own players and settle the wagers. Although they are in charge of all these previously mentioned responsibilities like setting up the betting lines or providing the skilled line managers for support, they are not in direct business with the players. Most important of all, PPH companies are not responsible on paying or collecting any money from the players. They merely offer a platform service for which they get paid a set amount from the bookie who would always be the agent to whom they provide the business.

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