How to make money as a bookie!
Sports betting is one of the fastest-growing sectors in the world. As a result, more people are looking to take the opportunity to set up their own online sportsbook. But how to make money as a bookie? There are several things you need to consider before you get started, and throughout the lifetime of your business. Thankfully, rentasportsbook.com is here to provide you with some useful pointers.
How to make money as a bookie?
Being a sports book operator is great fun, but let’s cut to the chase. How to make money as a bookie?
Work with a per head bookie software provider
Per head bookie software is a great way to help you make money as a bookie. Rentasportsbook.com provides a ready-to-go online betting system that can be up and running in minutes. We provide you with a website, incorporate your branding, name, and logo, and then help you go live. You remain in control of the system at all times via your personal dashboard, and you simply pay a pre-negotiated fee per head, per week.
This system saves you a significant amount of money. You don’t have to pay web and graphic designers, hosting, game licenses, or other related setup fees. Furthermore, you present your customers with a professional and slick platform for them to bet on. The simplicity of our system means customers enjoy betting with you, meaning they are more likely to return and bet more.
It really is a win-win situation. Per head sports betting software from rentasportsbook.com saves you time and money, while driving more revenue from punters.
Constantly develop new business
Even if you have a good network of clients, you need to keep adding to it. This is a very important way to make money as a bookie. It’s the way of the world that some of these clients will stop betting or go elsewhere at some point. Therefore you need to replenish them and continue to grow. For example, if you are losing five clients a month, you need to target yourself to bring in 15 new clients each month. This covers the five you have lost, another five that may leave, and an additional five for growth.
Business development and client onboarding must be a continuous process. Nurturing relationships with existing clients through offering bonuses, cashback, and other incentives, while bringing on new ones, is your key to success.
Offer additional products
Offering sports betting is a great start, but what if we told you that you could provide casino games, and even live dealer games to your customers? Through the same platform? By offering a wider variety of betting options, not only do you make more money as a bookie, but you improve customer loyalty. If they can play games like poker or roulette on your site, as well as bet, they have no need to go elsewhere.
Rentasportsbook.com offers per head casino games for clients at no additional cost for you. Live dealer games can also be integrated but these come with additional fees. Feel free to contact us via live chat for more information on what you can offer.
Focus on customer service
Customer service is king, even in the online gambling sector. By offering good service to your punters, you increase loyalty, spend, return rates, and lessen the risk of chargebacks. There is also a chance they will talk to their friends about how great you are, and this will in turn bring more traffic to your platform.
If you offer poor customer service, expect the word to get around quickly. You must commit to being fair, transparent, responsive, and communicative with each and every customer. Treat each one equally, whether they are high rollers or first-time bettors.
Expand betting options
There are an endless amount of betting options out there. From sports to events, politics to what name a certain celebrity will give their child. What you decide to offer to customers will depend a lot on where you are based and what your target demographic is. If you can offer a wide selection of betting options you can generate more revenue and offer better customer service. If you are unsure of what to offer, please feel free to reach out to us and we will be happy to give you some advice!
Market efficiently
As well as networking and developing your business, you need to get your name out there. Based on your location, you might want to join local sports interest groups on social media and Reddit, or other similar platforms. You can also seek out forums related to the options of betting you will offer, and seek to grow a network of followers on Twitter by posting sport-related content.
Once you grow your reputation as someone who knows about sports, betting, and odds, you can start to direct people to your per head sports betting site. This is a very effective way of developing your business and getting to grips with how to make money as a bookie.
At Rentasportssbook.com we are not just bookie software providers, we are sportsbook experts with decades of experience. Let us help you make the right choices and guide you through the set up process, as well as ensuring you maximise your chance of success!
