There are numerous ways to get started in the online bookmaking industry.
One great thing about the bookie business is that anyone can enter the space. You don’t need to have any special qualifications or licenses in order to launch an online betting site.
You really need to determine what type of gambling website you want to launch.
The costs can vary widely. For instance, bookies can license software that costs $5000+/month and that’s before you hire a team to run the daily operations. However, you can also start a bookie by using Real Bookie pay per head (PPH) service and the costs start at $10/week per active bettor.
Licensing Sportsbook Software
This method requires a huge upfront investment. You pay an annual fee to lease the software and then you still need a team to handle support, grading wagers, managing odds and more.
In order to use these services you also need to be a licensed bookmaker.
The majority of bookies aren’t in a position to become licensed. For example, if you live in a country where being a bookie is illegal then you aren’t going to be able to get a license.
Licensing costs are high in many jurisdictions as well and completely unnecessary.
Pay Per Head Sportsbook Software
If you primarily want to launch a sportsbook (sports betting) then PPH is the way to go.
PPH services handle nearly everything for you at one low cost. When you use a PPH, you can launch a bookie offshore while residing anywhere in the world and you can even remain anonymous.
Local bookies want to remain anonymous and they all use PPH services like PayPerHead247.
Here are the benefits of using a pay per head sportsbook software solution:
• Low Investment: The initial investment to start a bookie using a PPH is very small. Most of the PPH shops offer a free trial, so you only need a bankroll to payout potential winners.
• Scalability: PPH services are built to easily scale with you as you grow. Since you only pay for active players, you know your costs upfront each time you add a new player to your sheet.
• Managed Service: The best benefit of using a pay per head is that the service is managed and they’ll help you every step of the way. PPH services handle the daily operational tasks.
There are multiple ways to launch a bookie, but none better than pay per head services.
99% of new bookies utilize a pay per head service. Some of the best pay per head sites can be found at Scoresandstats and Tech times lists. PPH shops help manage operational tasks such as odds management, player support and website/server management.
Upfront costs are minimal as well. If you have 5 players ready to start betting, your only cost to use a PPH will be $10/head per week, which means you’ll be spending just $50/week to run your bookie.
It’s important to understand all of your options when launching a bookie. Investing six-figures into a new bookie is never a smart idea, as you have no idea whether or not you’ll attract clients.