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How to Start a Wagering Business: The Two Steps To Get Started

How to Start a Wagering Business: The Two Steps To Get Started

How to Start a Wagering Business: The Two Steps To Get Started

 

Learning How to Start a Wagering Business requires a few simple steps; which can be easily followed by any bookmaking agent out there.

 

How to Start a Wagering Business: The Two Steps

If you want to learn How to Start a Wagering Business, here are the steps you need to follow:

 

Step 1: Learning

In order to become a bookie with your own full profitable business, the first thing to do is to learn.

You need to learn as much as possible, but you really don’t have to become a professional in each field you study.

What you need to do is to have a good understanding of everything related to your business; so you can take the best decisions and become successful.

Here are the areas that you can learn about:

  • Sports
  • Betting on sports and horses
  • Business

 

Sports

Learning about sports means that you need to study all the teams and players from the top American leagues.

Even though you may offer betting options on other sports; this is the basic stuff you need to be knowledgeable about because that’s what people wager on the most.

Now, if you really want to go a step beyond, you can also take the time to learn about international leagues and players. But that is entirely up to you.

 

Betting on sports and horses

The second area to cover when learning How to Start a Wagering Business is betting on sports and horses.

You need to learn all you can about the different betting types for both sports and horse racing.

You want to be familiar with all the wagering types because you can use that knowledge as a powerful marketing tool that can help you attract clients.

Now, when you sign up with a pay per head shop, you can request some quick training; and chances are that the people at the PPH Shop will be more than glad to give you a hand with the knowledge you need.

 

Business

The third area you need to cover is business. This includes different sub-fields such as:

  • Accounting
  • Marketing and sales

 

Accounting

Becoming a sports betting and gaming entrepreneur means that you’ll be dealing with numbers.

And, even though you may not like numbers, you definitely need to have a good understanding of the math involved with your operation.

With that said, you don’t need to become a math whizz. Instead, just become familiar with the basics of accounting.

That can also help you a great deal if you decide to hire an accountant; as it’s strongly recommended for a large operation.

 

Marketing and sales

This is the other important area related to business that you need to embrace.

The reason is because as a bookie, you want to attract as many clients as possible; and that’s even easier by using certain sales and marketing techniques.

Indeed, the more you learn on these two subjects, the easier it will be for you to attract customers and grow prosperous.

 

Step 2: Finding the Right Pay per Head Shop

The second step related to learning How to Start a Wagering Business is to find the right pay per head services provider.

This is the offshore services company that is going to provide you with all the tools you need to run your business.

A reputable PPH Shop offers services for the agent and his clients:

Bookie software for the agent
Sports betting and gaming services for players

 

Bookie software for the agent

As an agent, you want to get your hands on the best bookie software out there.

The reason is because this is a tool that can allow you to manage your operation seamlessly, and from anywhere.

The best kind of sportsbook software comes with:

  • Custom reports
  • Live data

 

Custom reports

You want to work with custom reports because as a bookie you only need to see certain information.

So, you want to use this feature in order to check the reports you need; and display only the data you consider necessary.

 

Live data

The best type of sportsbook software also allows the agent to check information in real time.

This means that the top bookmaker is able to see the action of his players at the sportsbook or the casino as its taking place.

And this feature is doubtlessly necessary so the bookie can take accurate decisions that can make his business more profitable.

 

Sports betting and gaming services for players

If you want to learn How to Start a Wagering Business; it’s important to mention that a Pay per Head shop offers separated solutions for the agent and his players.

Although everything is charged as one single services package.

These are the services offered to players:

  • Online betting and gambling
  • Access to an offshore call center

 

Online betting and gambling

Working with a PPH Shop means that players will have access to a website where they can get their action.

This is a website that offers the player the option of placing bets on sports or horse racing events. Or to play popular casino games, such as PPH Poker.

And, the only thing the player requires to access the site is a user name and password; which the bookmaking agent grants.

Now, when the client access the website, he’ll see a balance there.

That is the amount of money that’s available for him to place bets.

And the bookie ass the balance, not the Pay per Head shop.

 

Access to an offshore call center

The other great service provided by the PPH Shop to the player is unlimited access to an offshore call center.

This is a call center that’s located in a country such as Costa Rica; from where the Pay per Head shop can operate without any inconveniences.

And, just like with the online site, all the player is required to provide when calling in to get some action is a user name and password.

 

As you can see, learning How to Start a Wagering Business is not complicated at all, as it all requires is 2 simple steps.