Monthly ArchivesJanuary 2019 - RDGCorp

If you are a private bookmaker trying to successfully run and manage your own independent sportsbook, you already know just how important betting limits and credit limits can be to your company’s bottom line.

Working in a highly volatile business environment can be stressful at times given the overall nature of sports betting. This is why having the right Pay Per Head bookie software provider in place is such an important part of the mix. Three crucial aspects of control are as follows:

• The ability to move your own betting lines at a moment’s notice.
• Fast and easy access to your overall online betting board to make the necessary changes that will protect your individual business interests.
• The ability to create individual account profiles for each of your sports betting customers. This includes being able to set and quickly adjust any betting and credit limits you have in place.

A quality Pay Per Head online sports betting software solutions package will allow you to closely monitor your bookie business in all three of these crucial areas on a consistent basis.

Control will always be the most important part of the equation when it comes to managing an independent sportsbook on a day-to-day basis. You need the proper business tools to always stay way out in front of the daily, weekly and monthly action coming in.

There are ebbs and flows to any private bookie business over the course of a 12-month sports betting calendar, but the tide does not get any higher than Super Bowl Sunday. Starting two weeks earlier with the AFC and NFC Championship Games, the NFL betting season comes to a head the first Sunday in February with the biggest single-day betting event of the year.

Billions of dollars are wagered on the Super Bowl across the entire sports betting industry and this is your best chance to grab a big piece of that sports betting pie as long as you have the proper betting and credit limits in place.

Every private bookie business is different. However, every bookie business runs on the same basic principle. The money you make at the end of the day hinges on the amount you have to pay out  on winning bets verse the amount you take in on losing bets plus the commission charged. It does not get any simpler than that. However, every bookie knows that things do not always play out that way.

Reflect back on your worst week during the recent NFL regular season before thinking about your biggest weekly profit on NFL action over the past five months. The Super Bowl has the ability to double either result depending on how everything was managed.

Every private bookie has a built-in level of risk along with the risk management with your price per head software provides. There are tools already in place that can maintain whatever level of risk you are comfortable with. The two weeks leading up to the Super Bowl is the wrong time to step out of your comfort zone.

Matching the right betting and credit limits to each of your customer’s betting habits and tendencies makes good business sense. Just because one of your biggest bettors is in the midst of an extended losing streak is no reason to raise their limits for this one final game. There is a much higher level of predictability when your business practices remain consistent.

Once the gate is open and the horse is out and lose is not the time to worry about fixing the gate lock. Checks and balances are in place for a reason and, with the help of your PPH service, constantly monitored.

Most sports bettors can be considered creatures of habit. If you study their betting patterns and tendencies across a broad spectrum of placed bets, you can almost predict what games and which teams they will bet on next.

As a private bookmaker running and managing your own independent sportsbook, this type of information could be extremely helpful when it comes to planning out your weekly betting board. One of the biggest advantages you have over the big online sportsbooks in the sports betting industry is the ability to raise the bar when it comes to customer service and personal attention to detail. Today’s sophisticated sports bettor is looking for a higher level of attention that the big online books simply cannot provide.

Get Off the Sideline and Into the Game with Pay Per Head Bookie Software

Catering to your customer’s needs is a big part of the price per head bookie services you offer, but the main benefit of fully understanding each of your betting customer’s habits and betting tendencies is the added profit you can generate for you overall company bottom line.

The easiest way to accomplish this goal is by working with your current Pay Per Head online sports betting software provider. Through backend support, there are any number of business reports you can run to quickly summarize the information you are looking for. It all starts with a comprehensive individual account profile for everyone of your betting customers. This should be a top down process from your biggest and most active sports bettors to anyone who has ever placed a bet through your private bookie service.

RDG Corp – A Leader in Sportsbook and Per Head Industry

While these individual account profiles act as a control feature with customized betting and credit limits, they are also a complete and comprehensive record of each of your customer’s past betting history. These real-time business analytics can provide the proper information needed to effectively run and manage your own book. Staying way out in front of the daily betting action coming in is a big part of the picture. However, so is planning out the future with the right sales and marketing initiatives already in place.

Bettor’s habits rarely change and the ability to anticipate where the action may head for big betting matchups will help you plan accordingly. Your Pay Per Head software package also lets you set and move your own betting lines. It also lets you build out and change your overall betting board to best suit your business needs. Posting the right betting odds in a timely fashion to meet all of your customer’s sports betting needs will lead to a much higher handle at the end of every week.

Finding the Right Bettors for Your Pay Per Head Bookie Business

The information contained in each of these individual account profiles can be worth their weight in gold when it comes to marketing your private bookie services. Every individual bettor has their own habits and traits, but across a broader spectrum, commonalities will appear. This will allow you to directly target what type of sports bettors best fit for your particular business model. Another great aspect of running a private bookie business is being able to pick and choose the type of customers you wish to work with. Building business growth models using this highly targeted approach is the best way to expand your customer base.

How Real bookies Can Help You Set Up A White Label SportsBook

Knowing where you have been, where you are and where you want to go is the three-step process to long-term success in a highly competitive business environment. When it comes to the sports betting industry, everyone is looking for an edge. Your customers may think your bookie services are a cut above the rest, but they still want to take your money. Staying one step ahead of things with the help of Pay Per Head bookie software solutions is your key to success.