As an increasing number of traditional sportsbooks goes online, many gamblers are left to wonder if they are better served at a large Internet betting exchange or following their bookie to a price per head site. There are numerous things to consider, but many players can find plenty or reasons why a per head is their wisest choice.
These companies can help the bookmaker to combine the benefits of a traditional sportsbook with the potential and flexibility of an online site. Paying a low fee that is based upon the number of active players; the bookie can get a website constructed and use the company’s data processing and customer service options to create a more accessible, accurate site for members to use. The bookie personally continues to handle the settling of accounts, but the clerical side of the business is operated in a more efficient manner.
The setup is quite different from the online betting exchanges with which many gamblers are acquainted. These huge sites, with their thousands of players, offer similar action, but the arrangement is typically devoid of the personal element that underscores betting at a traditional sportsbook. In addition, credit card or bank transfers are needed to fund accounts, as opposed to the credit extended by many bookies.
Although they have been in business about the same length of time, their method of operation is very different. Betting exchanges maintain player accounts, and gamblers are wagering at the site. If they win, the money is put in their account; if they lose, it is subtracted.
Per head sites record wagers for their players, but not actual betting is done online. The bet is only a recording of activity, since bookies and their clients handle cash transactions directly. From this standpoint, no betting actually takes place on the Internet.
Since the bookmaker is responsible for the financial activity, he makes the collections. Once a player reaches the limit set by the bookie, he will reimburse the sportsbook for the amount he owes, or the book will pay out his winnings if he is in the positive.
Because jurisdictions like the United States do not permit online gambling in many areas, players there can only look to the bookie. Per head sites operate in countries that allow gambling, so no issues arise. In addition, with the bookmaker extending credit to the players, no Internet gambling laws concerning online wagering ever get violated.
Because they can provide the same benefits as an online betting exchange without the legal risks, many sportsbooks have a decided advantage over their competitors. In addition, many gamblers prefer the convenience and trustworthiness that they find when wagering with their local bookmaker. Thanks to diminished legal concerns and the security of dealing with the bookie, many players find that gambling on a price per head site is their wisest choice.
Michael Hill is an avid sports fan and a sports writer who has been in the betting and price per head industry for years. Michael writes about his experience and offers tips for other aspiring entrepreneurs who wish to make a living with sports bookmaking.