17 October 2012
How long have you been trying to beat the system? Sure, you have a few good weeks out of every season and a few where you break even, but when you balance the books at the end of the season, you are paying your man far more than you have collected. Our guess is that your friends are doing the same thing. Wouldn't you like to actually be ahead at the end of a season for once? Then why don't you learn how to become a bookie using a pay per head?
If your friends are already using you to place their bets, you are already headed in the right direction. If not, start finding out who is betting, how much they like to bet, and what sports they are interested in. Start asking if they like to play poker or use online casinos to gamble. If they do, you can start taking action and use a pay per head bookie service to start your own bookie operation.
A price per head service allows you to set up an offshore bookie site where players can either call in to place wagers or place them over the Internet using their smart phones or desktop computer. You can pick a URL and as long as it is available, that will become your new bookie website. If you are using RealPPH.com, you will get a free website as well. This keeps your overhead low and allows you to get right into action.
Once you have your website up, all you need to do is figure out how much action you want to sit on and how much you are going to hedge off to your guy. You will also need to decide when you are going to move lines. If you have a smaller book, you may want to move a line when the excess on one side is about $500, maybe less. This will help generate action on both sides of the games, preventing you from having one side that gets too heavy on any given weekend.
When your settings are straight, all you need to do is recruit your players. Again, if your friends are already using you as the middleman, you need to merely supply them with the new information. As far as they are concerned, it is business as usual, it is just more convenient for them now. However, before they get access to the site, you will need to set some limits or restrictions on their action.
The worst part of being a bookie is chasing the money. The reason casinos and major online sportsbooks are so successful is because they get their money upfront. They never have to chase money and their clients are only able to bet what they have. You can set everyone up with a small limit, or they can have a larger limit by fronting their cash. They can either settle off their stake or pay up each week so their limit does not go down.
We are not going to pretend that you are going to win every week. This is why it is so important to have your opening stake and know how much action you can sit on in any given week. However, if your book is managed properly, you will come out ahead in the end. We all know Vegas is there for a reason, because gamblers do not know when to walk away. They will have a good week or a good month, but the house of cards eventually falls and when it does, you will be there to reap the rewards!