There is a misconception today that all bookies must be medium to large size in order to be successful. This probably stems from the fact that bookies on average have a 4%-5% profit margin from the wagers it takes. Therefore, the assumption is that the profit margin is too low to properly Own and Operate a Small Sportsbook.
This may have been true in the past when the cost of a running an online sportsbook was quite expensive. In fact, running an online sportsbook is still expensive in most cases. This is because a good sports betting software platform will cost a few hundred thousand dollars. In addition, there is also the monthly maintenance cost and paying employees.
Needless to say, in the past a small bookie operation would have to pay thousands of dollars in operating cost. On top of that, they would of course have to take care of payouts, advertising cost and other unforeseen expenses. Thus, a sportsbook with less than 100 active players would have a hard time surviving.
Today, this is no longer the truth because of the evolution of the Sportsbook Pay Per Head industry. Thanks to them, a bookie can open a small sports betting operation for a small weekly fee per bettor. For example, the PricePerPlayer.com Pay Per Head solution only costs $5 or less per player. Therefore, it makes it feasible for small bookies to make a decent profit from their gambling operation.
How to Own and Operate a Small Sportsbook
Now that you know it is possible to operate a small online sportsbook, let’s talk about how to do it. The answer of course is to use the PricePerPlayer.com Sportsbook pay per head solution. When using a Bookie PPH, there is no difference between running a small or large sportsbook business. This is because the sportsbook platform takes care of everything from betting odds and banking to player management. In addition, there is no extra cost for employees or infrastructure as it is part of the weekly fee bookies pay.
Step 1. Open a Bookie account with PricePerPlayer.com – There is no upfront fee and the first two week are free. Furthermore, there is no obligation or any kind of deposit necessary. Therefore, bookies have nothing to lose and can stop using our PPH service at any time.
Step 2. Setting up and Managing Your Players – Once your bookie account is open, you simply create betting accounts for your players. Afterwards, it is just a matter of setting limits and enabling and disabling betting options that best fit your sportsbook.
Step 3. Relax and enjoy being a Sportsbook Owner – The last part is simple, keep your players happy and take care of your financial obligations from deports to payouts! One that is done, you can just relax and enjoy the benefits that comes with being a sportsbook owner.
Whether you have 5 or 1,000 players, owning a bookie operation with PricePerPlayer.com is fast and easy. So, what are you waiting for?