{"id":2220,"date":"2019-11-25T00:00:00","date_gmt":"2019-11-25T00:00:00","guid":{"rendered":"https:\/\/www.rdgcorp.com\/process-payments-and-collections-more-efficiently-with-pph-bookie-services\/"},"modified":"2020-04-21T06:23:37","modified_gmt":"2020-04-21T06:23:37","slug":"process-payments-and-collections-more-efficiently-with-pph-bookie-services","status":"publish","type":"post","link":"https:\/\/www.rdgcorp.com\/process-payments-and-collections-more-efficiently-with-pph-bookie-services\/","title":{"rendered":"Process Payments and Collections More Efficiently With PPH Bookie Services"},"content":{"rendered":"\n<p>Along with\nbooking the actual sports bets, the most important aspect of a private bookie\u2019s\nwork tasks is to pay out winning bets while collecting the money for losing\nbets plus the commission or juice charged. The difference between the two\nfigures is known has a bookie\u2019s hold percentage. This is also the gross profit\nyou will have made on that time frame\u2019s sports betting action.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.rdgcorp.com\/maintain-a-balanced-betting-board-with-pay-per-head\/\">Maintain a Balanced Betting Board With\nPay Per Head<\/a><\/p>\n\n\n\n<p>Given just\nhow important these two tasks are to you operation\u2019s cash flow and bottom-line\nprofit, it makes all the sense in the world to employ a quality <a href=\"https:\/\/www.rdgcorp.com\/pay-per-head\/\">pay\nper head bookie software<\/a>\nprovider to aid in the process. For the weekly fee you pay for each of your\nactive betting customers, there are three main ways your PPH service can help.<\/p>\n\n\n\n<p><strong>Individual\nOnline Account Profiles<\/strong><\/p>\n\n\n\n<p>Once you\ndecide to take your bookie business online with a <a href=\"https:\/\/www.rdgcorp.com\/price-per-head\/\">price\nper head bookie software<\/a>\nservice, one of the first things you will want to do is set up individual\naccount profiles for each of your betting customers. These will be the basis\nfor most of the day-to-day activity your pay per head site processes online.<\/p>\n\n\n\n<p>These\nprofiles will also be the basis for the player management reports you can\ngenerate to track all of their online betting activity. By fully understanding\ntheir betting habits and traits, you can better market your bookie services to\nyour entire customer base.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.rdgcorp.com\/how-does-pay-per-head-work\/\">How Does Pay Per Head Work?<\/a><\/p>\n\n\n\n<p>Account\nprofiles also give you the opportunity to set any credit and betting limits as\na form of control. You may want to tighten the reins a bit for a brand new\ncustomer or extend higher limits to your best sports bettors. These can easily\nbe added and adjusted online through your player management tool box.<\/p>\n\n\n\n<p><strong>Pre-settlement\nPlayer Reports<\/strong><\/p>\n\n\n\n<p>Along with a\nrunning bet ticker and a player position report, another helpful tool is a\npre-settlement player report. These can be generated at anytime to give you a\nreal time update on any player\u2019s current standing. This pertains to how much\nyou owe them or how much they owe you ahead of your normal settlement time\nframe. Even with credit and betting limits in place, it is helpful to know\nexactly where you stand with each of your active betting customers. <\/p>\n\n\n\n<p>While this\nsame type of information can be found on a few different types of player\nmanagement tools, the pre-settlement report can help you properly prepare for\nwhen you will actually be settling up. <\/p>\n\n\n\n<p><a href=\"https:\/\/www.rdgcorp.com\/what-is-pay-per-head-bookie-software\/\">What is Pay Per Head Bookie Software ?<\/a><\/p>\n\n\n\n<p>Most private\nbookies try to balance out the ledger on a weekly basis to keep cash flowing,\nso it becomes very important to know where you currently stand heading into the\nheavier betting weekend. <\/p>\n\n\n\n<p>By knowing\neach player\u2019s pre-settlement figures, you can quickly identify who is close to\nmaxing out their limits or owed a substantial amount of cash.<\/p>\n\n\n\n<p><strong>Player\nSettlement Statements<\/strong><\/p>\n\n\n\n<p>This is a\nbookie\u2019s final tab for settling up each betting account. These statements list\neveryone who is owed money for the set period of time and how much they have\nwon. The opposite is true for anyone with a negative balance plus commission.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.rdgcorp.com\/comparing-pay-per-head-bookie-software-services\/\">Comparing Pay Per Head Bookie Software\nServices<\/a><\/p>\n\n\n\n<p>Monday or\nTuesday mornings are the usual time frame to run your settlement statements,\nespecially during football season. This is also the time to make any necessary\nadjustments to individual player accounts ahead of a new week of betting\naction.<\/p>\n\n\n\n<p>The goal of\nevery private bookie should be to stay well ahead of the curve in what can be a\nvery volatile business environment. Having the right player management tools in\nplace as part of your overall <a href=\"https:\/\/www.rdgcorp.com\/\">pay per head bookie services software<\/a> package is crucial to that important initiative.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Along with booking the actual sports bets, the most important aspect of a private bookie\u2019s work tasks is to pay out winning bets while collecting the money for losing bets plus the commission or juice charged. The difference between the two figures is known has a bookie\u2019s hold percentage. This is also the gross profit [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":279,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[39],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Process Payments and Collections More Efficiently With PPH Bookie Services<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rdgcorp.com\/process-payments-and-collections-more-efficiently-with-pph-bookie-services\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Process Payments and Collections More Efficiently With PPH Bookie Services\" \/>\n<meta property=\"og:description\" content=\"Along with booking the actual sports bets, the most important aspect of a private bookie\u2019s work tasks is to pay out winning bets while collecting the money for losing bets plus the commission or juice charged. The difference between the two figures is known has a bookie\u2019s hold percentage. This is also the gross profit [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rdgcorp.com\/process-payments-and-collections-more-efficiently-with-pph-bookie-services\/\" \/>\n<meta property=\"og:site_name\" content=\"RDGCorp\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-25T00:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-21T06:23:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rdgcorp.com\/wp-content\/uploads\/2018\/09\/adjusting-bookie-commission.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1360\" \/>\n\t<meta property=\"og:image:height\" content=\"703\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"RDGCorp\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"RDGCorp\" \/>\n\t<meta name=\"twitter:label2\" 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