The road to become a bookie is relatively easy, especially with some guidance.
In this article, we’re going to go through the steps to become a bookie. Many people overestimate the difficulty of launching an offshore sportsbook, but you really only need to follow a few steps.
How Do You Become a Bookie
Follow these three simple steps to become a bookie:
- Initial Investment (Infrastructure)
The initial investment is the first step on your road to become a bookie. The great thing about this business is that it’s affordable and the barrier to entry is very low. Do you have a computer or laptop and a smartphone? Do you have internet access? If you answered yes to both of these questions then you have the required infrastructure to start in this business.
You also need to invest in a pay-per-head (PPH) service, which is what we provide at Become The Bookie. Thankfully, we offer all of our new clients a free trial to lower your initial cost. Our service has everything you need to run an offshore sportsbook, casino and racebook, including the software.
Our team will help you every step of the way.
- Bankroll (Player Winnings)
One task PPH services don’t perform are collections. It’s your job to work out collections with your players and it’s a good idea to put some thought into how you’ll accomplish this each week.
It should go without saying, you need a bankroll to get you through the first several months.
You may have a player go on a hot streak that you need to payout. Obviously, you don’t want too many winners, but a few early on can be good for business.
New bookies see their largest growth early on through word-of-mouth advertising. When you payout clients quickly they talk to friends/family and before you know it, you have signed up 10+ players.
Also consider the payout options you’re going to provide. You can payout in cash locally. Typically, cryptocurrencies (Bitcoin) are a great way to payout clients that don’t live near you.
Make sure you have a Bitcoin wallet set-up and funded prior to launching your sportsbook.
- Marketing (Finding Players)
Players are your lifeline. How do you become a bookie without clients? It doesn’t work.
You need clients betting to make any money as a bookmaker. The one simple rule as a bookie is the more action you bring in, the more money you’ll make. It’s that simple.
There’s no point in joining a PPH service until you have at least one client ready to bet. Signing up without a client would be pointless and you’d end up wasting your free trial.
The more players you have ready to sign-up, the better, but you only need one.
- Sign-Up to BecomeTheBookie.com
So, you have a computer/smartphone, some cash saved up and some players ready to bet?
The next step to become a bookie is to join our price per head service. We’ll have your gaming site set-up in minutes and you’ll be able to open accounts up for all your players instantly.
Another common misconception is the time commitment required. A lot of people believe you need to invest a lot of time to become a bookie, but that couldn’t be further from the truth.
So, how do you become a bookie without a lot of time? Simple. You can operate on a part-time basis initially. It isn’t until you grow to 50+ players where you may want to consider going full-time.