Posts in category: Tips

More and more people love online betting because it’s more convenient than the traditional way and they enjoy this big flexibility to choose where and when they like to place the bets. This is why it’s a great opportunity for you to make extra effort pushing on your business and become more advantageous. Here we prepared some bookie tips to teach you how to earn double profits for your bookie business.

Be updated

You should always have the latest list for upcoming games of different events. Also, be updated about related news because this could possibly change your players’ decision at the very last minutes.

Promote

Familiarize with different sports that offered in your sportsbook and promote the games with ahead of time to make your players betting more.

Target on Moneyline players

It’s important to carefully choose and market through your selected Moneyline players because it can give you a bit profitable action. Especially target on the ones who do watch sporting events and make them acquire live betting as well.

Set betting limits

You also need to set the maximum betting limits properly for each of your players in order to avoid the unexpected immense impacts.

Master your bookie software

You may take the necessary time to learn and practice with all the features of your bookie software. It’s essential to master the tools you use on the business for greater success just like chefs knowing what ingredients to add for a perfect dish.

So as you know the NFL season is coming soon in September and it’s the most popular sport in America for the bettors. Therefore, it’s the good moment for you to get prepared and take the chance to make your business into a big success and double the profits! 

Image by Peggy und Marco Lachmann-Anke from Pixabay

If you are thinking to expand the size of your bookmaking business, having some subagents to give you extra hand on the work can become quite useful and even necessary. Because it is the great way to acquire more players since each person has different contacts method. However, you shouldn’t be too confident with the people and it is very important to keep a close eye on your subagents and their players. We are not saying to trust no one or all people will steal from you. It’s simply better to be more cautious in order to minimize the risks in this competitive industry. There are some details that you can’t omit as below suggested.

Solidify the percentages

You need to properly solidify the commissions on how much your subagents will receive for recruiting more new players. If your subagents are responsible whether the players pay or not, you may not set up a too low percentage for your subagents. Because they will probably face the situation that they can’t earn anything if the players have some winning weeks. Therefore, it’s crucial to set up the good percentage that both of you agree on in order to make your people feel pleased working for you and keep a good business relationship.

Setting control

Make sure to set up only viewing rights for your subagents on your Pay Per Head software. Which means that each of the subagents will have his/her separate log in with his/her own players listed in the system. They are able to review their players’ daily or weekly figures but can’t make any adjustments such as deleting wagers, changing lines, creating receipts…etc. Giving too many rights might result in causing the greed to your subagents and probably ends up cheating or stealing from you. In case if you do give certain rights to them, just carefully monitor players’ activities and make sure there is nothing suspicious going on.

Make the good use of reports feature

Remember to make the good use of your Pay Per Head software because there is the feature to pull up multiple detailed reports on all activities. You should keep tracking those tempered wagers (deleted, modified, filled open wagers) to confirm if there is something suspicious behind it. If you find anything that you are unaware about, you have to immediately bring it up to your subagent’s attention and decide the further action to follow.

Image by mohamed Hassan from Pixabay

If you are a bookie agent, you should learn how important not to draw much attention in this market and stay anonymous as much as you can. It’s because being a bookie may not be legal in some countries for example. Therefore, you have to be extra careful when you are acquiring new players because these people could be anyone with hidden identity who may get you into the trouble. That’s why we feel it’s necessary to give you some tips to enhance the security of your bookmaking business.

Get subagents or referrals

It will be great if you can find the players who you know personally; however, the faster and better way to grow your business is getting trustful subagents to acquire more players for you or simply through the referrals of your current customers. It’s important to keep a low profile and doing this can make you anonymous. Your players have no clue who you really are and as long as you always pay them or collect the money in a timely manner, there will always be a perfect business relationship.

Monitor the customers

It is very important to always monitor your new players and use smartly the existed feature offered by the Pay Per Head solution. Do you know that you are able to review the IP address of every placed wager? This is for you to check on the reliability of your players and confirm whether their locations are where they said they are from.

Prepare a pre-paid pas as you go phone

It’s a must to get a pre-paid pay as you go phone so you don’t need to reveal your personal data to your players in case they have to contact you. It’s very easy to be acquired at the pharmacies or supermarkets and there is no personal information required to activate the phone online.

Use anonymizer

You can download a free anonymizer called The Tor Project which is specially designed to encrypt and bounce your connection to random servers located all over the world. Therefore, you can successfully hide your identity and any online activities from your local ISP, government entities or any intended party who want to track you.

Image by Pete Linforth from Pixabay

You may hear about the term of cryptocurrency but not familiar with their benefits or wonder what to start with? There are too many of them in the current market and you want to make sure which one is better for sport betting industry? Well, there is no correct answer about which one is the best but we are going to show you the top cryptocurrencies that are popular and can be accepted by many books.

Bitcoin (BTC)

This is the biggest cryptocurrency which currently has more or less 40% share in the total market. It is also the oldest cryptocurrency that was released in 2009 and still dominates the market. Besides, Bitcoin split into two types of cryptocurrencies – Bitcoin and Bitcoin Cash, therefore users can have the major facility to choose the form of payment. Moreover, it is also the most popular type of cryptocurrencies and commonly accepted in most of the Pay per Head companies.

Ethereum (ETH)

Ethereum is another commonly used cryptocurrency in the current marker and its transactions can be programmable or automatically unlike Bitcoin. It is not just a digital currency but an advanced blockchain project. Ethereum even offers the special feature for the developers to build their own cryptocurrencies.

Ripple (XRP)

Ripple is one of the best performing cryptocurrencies which rises fast since 2017. It uses blockchain technology to make international payments faster and securer. Unlike the banking transactions that normally take 3 days or more to process, using Ripple just takes a few seconds to complete your payment.

Litecoin (LTC)

Litecoin is also considered one of the largest cryptocurrencies. It was created to improve upon Bitcoin’s used technology in 2011 and its transaction speed is 4 times faster. Moreover, Litecoin was the first one to perform Lightning payment in May 2017. Such payment can be successfully settled in just a second.