Learning how to be a bookie entails a lot of things, and the last steps are usually about finding the best bookie software to help you open a sportsbook. And when you read guides and how-to articles from industry experts, or look at forums, one term will pop up a lot: Pay Per Head Sportsbook. What exactly is a pay per head sportsbook, and how much does it really cost?
For one, a Bookie PPH is one of the most affordable options that you can have as a bookie. Normally, you will need to spend hundreds of thousands to open a sportsbook. Remember that a sportsbook is not just a website you can do for free. There are other important features like creating and adjusting sports betting odds, listing and compiling the wagers of players, and other sportsbook management tasks.
So instead of taking half a year, and thousands of dollars to create your own sportsbook from scratch, providers offer you a better option. One where the money needed to become a bookie is not astronomical.
Cost of a Pay Per Head Sportsbook
This is where the pay per head service comes in. It has a complete set of bookie features that you will need. The website is already built- you need to configure the theme and colors and your brand. There will be sports betting odds that automatically adjust based on the market. It will give you the tools to adjust the lines as well based on your sportsbook’s activity.
That is just the tip of the iceberg. There are more services included that bookies need. The cost, is exactly as how it is defined: pay per head. Pay a certain amount for one player each week they are active. So if the rate is $5 per player, and you have 10 players, then you only pay $50 a week. If the following week you have 100 players, then pay $500 for that week. If the number goes down to 50 the next week, then pay $250.
It really is that simple. But beware- some providers will charge you for more features. The best providers usually have a flat rate. But some will charge you an additional $1 for horse racing, or $1 more for phone betting, or something similar. So be wary of the provider you use, and make sure to use a reliable provider who will make it very easy for you to be a bookie.
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