what-you-need-to-set-up-bookie-business

What Do You Need To Set Up A Bookie Business?

by Tips

Bookie is a shortened term to address a bookmaker. This is an individual who set odds, accepts and pays off bets on sporting events or other agreed-upon games. And a bookie usually sets the game’s odds in his favor to ensure the profits.

Are you looking for a business opportunity to earn extra money? Starting out your own bookmaking business is totally a great idea since it doesn’t require any specific knowledge. So, if you are quite interested in sport games and know the rules a little bit, this is your big chance to join today!

Let us help you walk through what you might need to set up a bookie business: 

Pay Per Head service

First of all, you need to choose a right Pay Per Head partner like PricePerHead.com because they can help you to set up your own website for betting business. In addition, they provide the best bookie software for you to easily manage the lines and monitor each of your players’ activities. And the best of all is that they also offer 24/7 customer support with top-quality experience to assist both you and your players whenever needed.  

Funds

Unlike the other business investment, you don’t really need to prepare a huge amount of money to start out a bookie business. However, we may suggest you to have at least $3000 ~ $5000 in hand in the case that you still need to pay your winning customers. This is actually for you to build the reputation by always paying full on time to your players in order to run a successful business.

Equipment

You don’t need to invest a lot on the equipments for running a bookie business. All you need is a mobile phone, a decent computer that you feel comfortable to work with and a good internet speed. After that, you are set to start working whenever and wherever you like.

Comfortable place

Working at the place where makes one feel comfortable can efficiently motivate oneself to concentrate and get a better result. Therefore, you should find a place where you can feel relaxed including your room, living room or anywhere can suit your needs to make a good start.

Clients

A bookie makes profits not only from players’ losses but also from the transaction fees while they place the wagers. Without a doubt, you can’t run a bookie business without having people betting with you since this is the core of business operation. So, you can start recruiting the players from people around you as a beginning such as relatives, friends, colleagues, neighbors or drinking buddies.

Image by Gerd Altmann from Pixabay

keep-players-happy

Bookie Tips To Keep Your Players Happy

by Tips

Customer retention is always the key to run a successful bookmaking business. As a matter of fact, keeping existing players with long-term business relationship is more profitable than only acquiring new customers. Most important of all, the easiest way to grow your customer database is not to lose the good players you have because they not only stay betting with you but also recommend your service to more people. So, how can you keep your current players happy? Here are some efficient tips to make sure your players stay with your bookie business.

Find a correct Pay Per Head service

Some studies showed that approximate 18% of sports bettors left the website and looked for other option if they experienced any difficulties to use the betting site. This is why you need to carefully choose the right Pay Per Head service to partner with and offer the best you got to your players.

In fact, a good Pay Per Head service like PricePerHead.com provided can easily satisfy your customers’ needs and here are the examples:

  • Easy-to-use betting website 
  • Mobile-friendly interface for comfortably betting experience from anywhere
  • Professional customer support team with excellency and market knowledge
  • 24/7 online assistance with all kinds of inquiries and bets
  • Great variation of betting options for major fun

 

As a result, to provide a better customer experience and actively help your inexperienced players to get started can get a flying start.

Help your players win sometimes

Everyone likes to experience victory and it is actually the other key to keep the customers happy and active. We know that you need to earn more profits for business but a proper balance is necessary. In fact, a long losing run could make a customer feel frustrated and then leave and look for other competitor’s sportsbook. Hence, you can strategically start to offer information like betting tips, statistics or predictive analysis to increase the customer satisfaction. In addition, such quality tips can also help your players feel valued and ease losing runs, which will result in a more healthy and profitable long-term customer relationship.

Offer rewards and promotions

We all know that people always like to be motivated and valued. Therefore, to establish a reward system and offer credits and promotions become important to cheer up your loyal players. Eventually, it will turn out a win-win situation that your customers are happy earning points from their plays and start to refer more people to join you and in order to receive extra credits.

best-password-manager-2020

Best Password Manager Choices In 2020

by Tips

In the previous articles, we have been talking about how important to prevent online threats by creating strong passwords. Now, we know that normally strong passwords require a complex combination of words and also need to contain a considerable length to increase the effect of protection. You can check out these tips if you want to learn how to create strong passwords. 

However, memorizing dozens and dozens of passwords can be quite challenge for everyone even you have a good memory. And using the same password over again on different accounts can cause a great danger if one of your account has been compromised. If you find yourself consistently struggled on remembering all the passwords, it’s time to consider a password manager to help you seamlessly handle and store all your login credentials.

Here we want to give our sincere recommendation and show you the best password manager choices in 2020. 

LastPass

LastPass offers the best free version of password manager which gives you the ability to generate strong passwords, to store passwords, user login data, credentials and even sync all the data wherever you want across browsers and mobile devices.

Pricing:

Single User & Families Plans

  • Free $0 (includes 30-day trial of Premium)
  • Premium $3/month (1GB encrypted file storage)
  • Families $4/month (6 Premium licenses for sharing up to 6 users with dashboard manager included)

Business Plans (14 days free-trial)

  • MFA $3/user/month (multi-factor authentication but not included passwords generator or customized security policies)
  • Teams $4/user/month (50 users recommended, 
  • Enterprise $6/user/month (full password management functions with dark web monitoring, 1200+ integrated SSO applications and contextual access policies) 
  • Idenity $8/user/month (all the services from Enterprise Plan with the complete multi-factor authentication system)

Compatibility:

Windows, MacOS, Linux, Android, iOS

Browser extensions for Chrome, Firefox, Safari, Internet Explorer, and Opera

1Password

1Password is the best password manager to keep your login data secure and private. Besides, it’s pretty easy to use and protect all your important information by just remembering one Master Password. In fact, you can even enable the Touch ID or Face ID to unlock your 1Password to simplify the entry process.

Pricing:

Personal & Family Plans (14 days free-trial)

  • Personal $2.99/month (unlimited passwords and up to 1GB document storage)
  • Families $4.99/month (limited sharing up to 5 guests and includes the management control function)

Teams & Business Plans

  • Teams $3.99/user/month (1GB document storage per person and 5 guest accounts for limited sharing )
  • Business $7.99/user/month (5GB document storage per person, 20 guest accounts for limited sharing, VIP support and customizable control functions with advanced protection)
  • Enterprise – custom quote for large enterprise (includes dedicated account manager, tailor-made setup training and onboard engineer)

Compatibility:

Windows, MacOS, Linux, Android, iOS, Chrome OS

Browser extensions for Chrome, Firefox, Safari, Internet Explorer, and Opera

bookies-make-profits

What Bookies Do To Make Profits

by Tips

One of the fundamental reasons that bookmaking business is so popular is that it’s totally possible to consistently make a profits. However, there is never any easy money without efforts. In fact, bookies still need to apply the right strategies in order to make sure that they always at an advantage. Check out what bookies actually need to do to make more profits.

Invest on Pay Per Head software

First of all, bookies need to invest on choosing a correct Pay Per Head software. Since it is very important to keep an eye on the business, Pay Per Head package offers a lot of useful features for bookies to use on monitoring all the movements. For example, diverse detailed reports to analyze players’ activities, notification on exceeding maximum betting limits, total balance and so much more.

Set the right probabilities 

Bookmakers are not able to control the outcome of any game events, but they can control how much they stand to win or lose on any particular result. In this case, we are talking about the art of bookmaking which is actually to set the right probabilities. Fortunately, the line experts from the Pay Per Head partner know how to properly set the odds in their customers’ favor in order to guarantee the profits. Therefore, these well-trained line managers will be in charge of setting the best odds of the market for the bookies and also provide all the supports when needed.

Balance the book

When a bookie manages to have a balanced book, he/she can stand to make the same amount of profits regardless of the outcome of the games. So, how can bookies balance the book? Bookies will strategically encourage their players to bet on the side that they need by intentionally increasing or reducing the odds. Although it’s pretty hard to get markets perfectly balanced and adjusting the odds can’t guarantee a perfect result either, getting the goal as close as possible can really help on winning money in a long run. And the good news is that the odds compiler from your Pay Per Head partner can do all these for you!

Create positive reputation

Certainly, bookies need players to make more profits and what make people joining the course is their reputation. Therefore, bookies need to pay the winning players full and collect the money on time in order to create a positive image and maintain a good business relationship. And then, if the customers are satisfied with the service, they stay betting with you and even refer more people to join your book as a win-win situation!

Image by mohamed Hassan from Pixabay