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Let’s start off by stating a simple fact, most people who gamble lose money to their bookies. There is a saying among bookmakers that when a player wins and gets paid, it’s just a loan and for 99% of the players that is true. As a sports bettor, the chances of you winning over a long period are very slim and the reality is in sports betting the house almost always comes out on top. It’s that simple.
If most gamblers made a record of every bet they ever made, a majority of them would have a negative balance.
Why do you think Caesar’s Palace paid for all those bright lights? Why do you think The Stardust gives away “free” buffets and “complimentary” rooms like they were Halloween candy? Has it ever occurred to you why Binion’s would send a private jet to Miami or New York or Los Angeles to pick up a customer and return to Las Vegas with said customer, all at “no cost”?
Why do you think a back wood hillbilly who didn’t make it out of 8th grade can become a bookie and pay cash for a $500,000 custom-built home and a brand new BMW’? The answer is because gamblers don’t win.
Most gamblers lose money due to bad money management. They will go on some sort of a winning streak making their normal bets of $50 to $100 but then get cocky and up it to $500. This is a sure fire way of parting with your money.
After being down, a lot of gamblers get desperate and try to recoup their losses by what is known in the industry as chasing which is another way to make the bookie laugh all the way to the bank.
Now you know which side of the betting coin you should be on, click here to see how in just a few minutes you can set up an online sportsbook and casino website.
The path to become a bookie agent is simple. You need clients and a pay-per-head (PPH) provider like us. That’s really all there is to it. Well, you’ll also need some money to bankroll your business.
The big question is whether or not you’re ready to become a bookie.
Things to Consider Before Becoming a Bookie
So, are you ready to become a bookie? You should consider the following things to help determine if you’re ready or not. Frankly, anyone can be a bookie, but there are some things to consider.
Where You Live:
The laws and regulations bookmakers have to follow varies by country, but we always recommend that our clients gain an understanding of the laws where they live.
Do You Have Clients:
You need clients to run a bookie. You can’t become a bookie agent until you have at least one client. Ensuring you have a player base is important. The best plan of action is to discuss your idea with friends/family to gauge their interest in betting.
How Are Your Finances:
Starting an offshore sportsbook is affordable thanks to our PPH service ($10/head), but you still need money to payout any winning clients early on.
Speaking of paying out players. You should formulate a plan to receive and send money to your clients. Local PPH bookies often deal with cash to limit any trail, but if you want to accept players that aren’t local, you’ll need to have a way to collect/pay.
How Busy Are You:
Are you already working 60-hour weeks? While there are thousands of bookies operating on a part-time basis, you still need to put in the hours, especially while growing.
Most new bookies don’t consider betting limits. It’s important to set limits on each client for two reasons. First off, you don’t want your clients losing more than they can’t afford to lose and secondly, you don’t want to take a huge loss that you can’t afford to pay.
As you can see, there are no strict requirements to become a bookie agent. However, there are some things you should definitely consider prior to launching. You should have a business plan and know how to answer each of the questions I proposed in the bullet points above.
What’s the Next Step?
So, you’ve determined that you’re now ready to become a bookie agent.
The next step is signing up at Become the Bookie.
You need bookie software and a team behind you to launch an offshore sportsbook. We provide you with everything required to become a bookie today and you can get started using our free trial.
Our advanced tools and technology allow anyone to operate a secure online sportsbook.
You bring your clients and we provide just about everything else. We handle the software, website, development, support and odds management. Your job is to recruit clients, keep your current clients happy and handle all of the money (deposits/withdrawals), while pocketing the profits.