Pay Per head | Bookie Software | Sportsbook Software

Monthly Archives: February 2016

Bookie Business Tips: Using Support Services – Pay per Head

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If you are the only employee of your bookie company, you may find it not so easy to properly deal with all of the business’s administrative tasks while attending to the needs of your players at the same time.

For this reason, you should seriously consider integrating support services to your sportsbook operation.

These solutions (which can be full-time or temporary) include offshore staff, data management, an accountant, consultants, and any other service in between.

 

Bookie Tips: Experience and Efficiency

 

Although you may be very good in certain areas, there are people that have more experience than you in others, and that is exactly the kind of individuals you need to look for.

Do you know how to move betting lines? Or how to keep efficient financial records? Do you want to take all the phone wagers yourself?

If the answer to these questions is no, then support services is definitely an option you should consider in order to manage your bookie business properly.

Outsourcing is then, the best choice for you. Now, when it comes to contract out, there are both onshore and offshore options:

Onshore

Accountant: An accountant is someone that you will definitely need if you want to avoid making mistakes with the figures related to your bookie operation.

This is someone that you can hire on a full-time, or part-time basis, and you can also decide if you want to bring your accountant to work at your home office, or if you want to hire this person as a freelancer.

Web / Marketing: If you want to really grow your bookie business, then marketing your sportsbook solutions using the internet is doubtless an option you must not forget about.

Visiting and becoming part of sports betting forums and other similar online hangouts for bettors is where you should start.

Once people trust you, they will not see you as someone that is trying to market something to them, but as a friend, as just another member of their online communities.

This is certainly the spot you want to be in because when you get to introduce your bookie services, it will feel natural, and this comfortable position will make it easier for you to entice prospective clients to join your betting and gaming portfolio.

Sub-Agents / Collectors: Expanding also means that you will have to deal with a larger number of clients, so it is quite reasonable for you to consider hiring sub-agents who can act as the face of your bookie business in other areas by collecting and paying clients.

 

Offshore

Pay per Head Services: When it comes to offshore services, signing up with the proper pay per head services shop is really all you need.

Once you hire a pph shop, you will not have to take care of anything related to bookmaking anymore (if that’s what you want of course).

Line moving and wagering (both over the phone, and the web), will all be taken care of.

What is best about using the right pay per head services company is that your image as a bookie will be truly enhanced compared to other agents whom decided to passed on the decision of working with a pph shop.

Pay per Head Bookie: Why Cash is King, Other Payment Methods

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Starting a pay per head bookie business means that you want to become your own boss and obtain good revenues.

And, since money is at the core of your sportsbook operation, it is important to understand why cash is king, and what the other top payment methods that should consider integrating to your business are.

 

Pay per Head Bookie: Treating Cash as King

 

Those who decide to start a home-based pay per head bookie company are aware of the fact that the revenue they will obtain is going to be used both to pay for business and personal expenses.

And, since you are running a bookmaking operation, it is likely that you prefer cash over other payment methods, and the reason is because is 100% liquid.

Once you are paid in cash, you can do whatever you want with those funds, and what’s most important, you can be sure that, unlike a check, cash is not going to bounce, and you won’t have to wait for a given period of time until the check clears and the actual funds become available to you.

Checks and Online Payments

If there is no other option, then you can take a check, but make sure that the person that is giving you the check is someone reliable, and someone who has been part of your sports betting portfolio for a while.

This is because you don’t want to get a check from a new client only to find out later on that the check had no funds to back it up.

Alternatively, you can opt for getting paid by your clients using an online service such as PayPal.

Actually online payments are better than checks because once you have received a transfer from someone, you know for a fact that that money is already yours, despite the fact that it will take a few days until you are able to convert your PayPal funds into actual cash.

So, between checks and online payments, the latter is definitely more recommended.

Credit

To get paid for your pay per head bookie services beforehand is certainly the best option, but you can also opt for offering credit to your players.

With that said, you need to make sure that you are going to offer credit only to established players who you’ve known for a while and who have a good payment history.

It is important to recall that offering credit doesn’t just mean to put funds into someone’s account to then be paid in a month period, as it can also mean to put funds into the account of a trustful player that is just not able to fund it himself right away, but that promised to pay the following day.

Offering credit to the clients of your pay per head bookie business is really a personal matter, so it is up to you to decide who gets it, and who doesn’t.

Pay per Head Bookie: Handling Business Negotiations

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Negotiations attached to your pay per head bookie organization are indeed like tennis: You need to serve the ball whether you are playing a low level player, or a professional.

 

Pay per Head Bookie: Quick Negotiations Tips

Here are some quick negotiation tips that we believe can come handy when trying to close a deal with a prospective client of your sports betting operation.

When Negotiations Turn Complicated

Negotiations related to your sports betting business can turn complex for a variety of reasons. One of the main ones takes place when the negotiation becomes too large for a pay per head bookie company to handle, meaning that there is too much people involved.

If it’s possible, try to always negotiate with a single individual in order to avoid a conflict of many ideas and opinions that can truly undermine the possibilities of a negotiation process to be yield positive results for you and the other party involved.

International Negotiations

Closing a deal with a foreign individual or organization is definitely more challenging because you need to tailor your negotiating approach to the customs of the region you are making negotiations in.

You need to understand how people from your country of interest usually close deals, and make sure to also know the differences when it comes to communicating an idea.

It is recommendable to do some previous research of the country’s culture and traditions before you sit down to negotiate.

Make it a fun experience and rent some local films, pick up some travel mags, and even visit the web to get some info on local slang.

Indeed, when you are able to behave like a native, it will be easier for you to earn the confidence and respect from the people of the country where there are prospective clients for your pay per head bookie business.

Negotiations Between Men and Women

It is also important to understand that negotiating with a man is not the same than negotiating with a woman.

Although the gap between men and women is closing, there still exist fundamental differences between the two sexes that make each one unique.

For this reason, when you sit down to negotiate with a prospective customer of your sportsbook organization, you need to make sure that you are aware of the fact that you are dealing either with a man or with a woman.

And treat such individual accordingly in order to get the results that you want out of the negotiation process.

Negotiations Via The Phone and the Web

Thanks to the web and the phone, there is really no need to sit down at a table and physically negotiate with someone as you can conduct the whole process from the comfort of your home, your office, or virtually from any part of the world.

Of course it is crucial to remember that it doesn’t matter what the communication channel is, you always need to be as prepared as you can, and work with face-to-face business etiquette.

One of the low points of choosing to negotiate over the phone or the internet is that you miss some of the much needed human interaction that involves body language and important gestures that can tell you whether or not a person is really interested in closing a deal.