Do you want to know How To Be A Successful Bookie? If that’s the case, then this article is definitely for you.
How To Be A Successful Bookie: The Rules
Learning How To Be A Successful Bookie involves a few important rules. In fact, there are 10 of these rules that can help you become a top bookmaker.
These are the Top 10 rules related to learning How To Be A Successful Bookie:
- 1. Value the Wiseguy
- 2. Be Transparent
- 3. Don’t Neglect Players
- 4. Be Prepared for Football Season
- 5. Take Calculated Risks, But Be Careful With the House Cash
- 6. Don’t Be Overly Opinionated
- 7. Don’t Limit The Wagering Options of Players
- 8. Don’t Inflate Your Prices
- 9. Don’t Confuse Newbies
- 10. Always Market Your Business
1. Value the Wiseguy
Once you become part of the sports betting industry, you realize that many seasoned gamblers gets premium data.
Sure, many bookmaking agents out there believe their knowledge is above and beyond that of their customers.
And, those that work with a pay per head shop, are actually right.
And the reason is because a reputable price per head offshore services provider only hires experienced linesmen; whom know how to get the edge over players, including wiseguys.
Plus, the sportsbook software from a top PPH shop offers special wiseguy monitoring features.
With that said, when you notice wiseguy activities on your wagering operation, try to use the betting patterns of the guy that’s trying to take advantage of your sports betting operation.
In other words, try such activities as an asset. Use the knowledge you get from the wiseguy in order to become a better bookmaking software agent yourself.
2. Be Transparent
Not all bookies handle their wagering operations the same way. So, when learning How To Be A Successful Bookie; remember that the key to acquire a good reputation is to always be transparent in your dealings with your customers.
You want to count with a good reputation because that is what is going to allow you to sign new prospects.
Positive word of mouth can turn your small wagering operation into a large sports betting business.
So, make sure to be the kind of top bookmaker that always pays winning bets, and try to never let any clients down in this sense.
If you do it, it is likely that your current players are going to acquire a natural respect for you; and in turn, they will spread the good word about their positive experience with your bookmaking operation.
3. Don’t Neglect Players
If you’re not working with a reputable price per head shop; chances are that you really can’t provide a personalized service to your customers.
On the other hand, when you work alongside a PPH shop, the latter counts with separate wagering departments for sports bettors, and for horse betting players.
This means that by working with the price per head shop, both sports and horse racing clients will always receive a personalized treatment.
This of course also contributes to the word of mouth factor; so, make sure to work with a very good PPH shop provider that can positively impact your wagering operation.
4. Be Prepared for Football Season
Using the help of a reputable price per head shop, you really don’t have to worry at all about data management.
However, you do need to be prepared to take care of your players and to get as many new ones as you can before football season starts.
The reason is because this is the most lucrative time for the top bookmaker. So, this means that in order to really learn How To Be A Successful Bookie, you need to make an impact during this time.
If you’re able to keep your positive reputation by paying winning clients and by signing up as many new football sports bettors; your chances of becoming a top bookmaking player really increases.
5. Take Calculated Risks, But Be Careful With the House Cash
To learn How To Be A Successful Bookie, you must take calculated risks. However, you also need to be careful that you aren’t wasting the house money.
This means that there are decisions that may involve financial risks; but, those risks must be carefully calculated in order to get the best results.
If you just gamble with the house cash, chances are that you will end up with some serious financial business challenges.
So, take only the kind of financial risks that you believe aren’t going to break your wallet.
6. Don’t Be Overly Opinionated
Knowing about sports betting and having personal opinions shouldn’t interfere with the wagering process. Being aware of this factor is crucial when learning How To Be A Successful Bookie.
Even though you’re working with a top price per head lines service, you, as the house, can’t expect to win each and every time.
Instead, what you can do is to try to balance your bookmaking operation as much as possible using the different reports from the sportsbook software you got from the PPH shop.
7. Don’t Limit The Wagering Options of Players
The more wagering options you can offer your players, the better.
Taking care of this is easy when you work with a top price per head shop. And the reason is because the PPH shop counts with its own team of professional lines makers.
The job of these individuals is to create an extensive wagering menu that is continuously expanding according to the particular needs of each bookmaking agent.
So, working alongside a price per head shop means that the bookie doesn’t have to create any lines (unless he wants to).
8. Don’t Inflate Your Prices
When learning How To Be A Successful Bookie, it’s also important to learn that the key to become a top bookmaker is to sell the right product, to the right player, at the right price.
With that said, if you spike your prices to a level much higher than what’s considered reasonable or fair, you run the risk of acquiring a negative reputation.
And, as stated above in the article, this is really not good for your bookmaking business.
9. Don’t Confuse Newbies
A key rule to become aware of when learning How To Be A Successful Bookie is to avoid confusing newbies.
This means that you should avoid trying to get newbie players to bet the type of wagers they don’t understand.
This is because this is another factor that can lead to negative word of mouth; and that is definitely something you don’t want for your bookmaking operation.
10. Always Market Your Business
Once you become a bookie, your job is to get as many clients as you can, on a regular basis.
The reason is because even though you may have a steady base of loyal clients; if you really want to grow your wagering operation, you need to see beyond that customer base.
So, don’t forget that to learn How To Be A Successful Bookie also means to ABC or Always Be Closing.