Pay Per Head Betting Odds Calculator

Pay Per Head Betting Odds Calculator

Not that long ago betting on sports was a rather simple process. Football and basketball dominated most of the action that was placed and just about every bet was on a game’s pointspread or total line. Most local bookies relied on a phone and a paper tablet and pen to run the entire operation. The gap between the humble origins of sports betting and where the industry is headed today is about as wide as it gets.

As one of today’s modern bookies, you probably rely on a quality Price Per Head site to help you run and manage your own independent sportsbook. For one, low weekly price per head fee that you only have to pay for your active sports betting customers, you receive a comprehensive online sports betting software package that can handle the day-to-day administrative end of things.  The main benefit of utilizing a price per head shop for processing all the transactions that are a big part of any sports betting business is the additional time you will have to work on the sales and marketing aspect of the operation.

RDG Corp – A Leader in Sportsbook and Per Head Industry

There are a long list of features and benefits that are included in your price per fees, but one of the most basic ones that is often simply taken for granted is a sports betting odds calculator. There is a rapidly growing list of sporting events on a global basis that today’s highly sophisticated player is looking to wager on. This being the case, the actual betting odds can be presented in three different ways depending on where that event takes place.

Along with the basic numbers used to reflect the pointspread and total line for sports such as football and basketball. Betting odds for other sports such as baseball and hockey use a moneyline to designate the favorite from the underdog.

There are basically three different ways that these types of betting odds are presented on a betting board. The most common way in the United States is the moneyline, which is also referred to as American Odds. An example of a moneyline listing for a NHL game appears as follows:

New York Rangers +115

Philadelphia Flyers -125

In this scenario, you can win $115 on a $100 bet that New York wins as an underdog (as signified by the plus sign). Philadelphia is the favorite in this matchup and you would have to stake $125 to win $100.

The UK will use fractions to post its version of moneyline odds while the rest of Europe will often times present their betting odds as decimals. A sample listing of all three betting odds along with an implied probability of winning is presented as follows:

American           UK             European     Probability of Winning

-300                  1/3               1.33                          75 %

-500                  1/5               1.20                        83.3 %

+1000               10/1            11.00                        9.1 %

+125                   5/4              2.25                        44.4 %

One very popular betting sport that utilizes fractions all of the time is horse racing. You may find some moneyline listings for horse racing futures, but the betting odds for an actual race come out as fractions when the morning line is first released.

It is your job as a private bookie to understand each type of betting odds along with the implied winning probability. However, it is the job of your online sports betting software to present the odds in their proper form when it comes to posting the numbers on the board.

Another feature of your Pay Per Head software should be a built-in odds convertor calculator as well as a chance of winning odds calculator. Both tools are instrumental as you begin to expand the betting options of your independent sportsbook’s betting board to include international events that utilize one of the other two methods to present the odds for a specific contest.

Making Mass Edits with Pay Per Head Bookie Software

Making Mass Edits with Pay Per Head Bookie Software

If you are trying to successfully run and manage your own sportsbook as an independent bookmaker, then you already understand the value of time. You need to make the most out of every single working hour of the day and one of the best way to maximize your time is by having a quality Pay Per Head site in your corner.

Today’s top Pay Per Head bookie software providers have gone to great lengths and great expense to bring private bookies just like you the proper sportsbook management solutions needed in a business of this nature. It is not enough to have an online bookmaking system in place to simply handle your customer’s incoming bets. You need an advanced operating system with state-of-the-art bookie software that can provide the necessary business analytics that can always keep you way out in front of all the action coming in.

Tips for Using Your Pay Per Head Service to Market Your Bookie Business

One of the most important business tools you should always have at your disposal is the ability to make mass edits across every one of the individual account profiles you have created for your entire sports betting cliental. While having the ability to make changes in areas such as credit and betting limits on a case by case basis is very important from a control standpoint, the ability to make a necessary change across your entire data base can not only protect your weekly cash flow, it can also work to build the overall profitability of your entire bookmaking operation.

The sports bookmaking industry is a very fluid situation with outside conditions changing on an almost daily basis. Whether you want to institute schedule limits to help control the action coming in or enable a particular betting option for everyone at the same time, a PPH service’s mass editing tool can be a life saver when comes to the day-to-day management of your bookie business. Changes are instant and made in real time so you can always maintain a high level of consistency across your entire customer base.

Test Drive Your Pay Per Head Online Bookie Software

Mass editing is just one of the many features and benefits that a quality pay per head provider offers as part of the weekly fees you pay for your active bettors. Online technology and enhanced software applications for the Internet sports betting industry continue to evolve year after year and in such a highly competitive business environment you need the ability to stay well ahead of the curve. It is far easier to handle any issue up front before it turns into a liability a bit further down the road.

One of the most important things that you need to do as an independent sports bookmaking is to always make sure that you remain up to speed on everything your PPH service does bring to the table. Educating yourself on what is actually included in your price per head fees is well worth any extra time it may take on your end.

RDG Corp – A Leader in Sportsbook and Per Head Industry

Many of the top sportsbook software providers with assign you designated account manager when you first sign on with their PPH service. While this will become your point person for the majority of the questions you may have, you should also be able to turn to your Pay Per Head’s customer service team for further guidance. Many of the reps that these services employ come from an online sports betting background so they already know just what it takes to be successful running your own bookie service.

Today’s top price per head shops are committed to helping you every step of the way because they know that their long-term success in the sports betting industry is directly tied to yours.