Online gambling is a $57 billion industry as of 2021, and bookmaking is a major contributor to that number.
As online gambling increases in popularity, more sports betting platforms are becoming available to players. The process of starting a sports betting platform is known as a “bookmaking operation,” and it’s simple enough for anyone to find success with.
A bookmaking operation can generate someone just as much money as a traditional business, if not more so. All you must do is learn about the main elements of one, and this is the right place to begin.
So what is a bookmaking operation? Read on to find out.
Bookmaking operations revolve around sports betting, which is the act of predicting sports results for money.
Sports betting is becoming more popular in several countries, so more people can earn money with it than ever before. Yet, a person cannot partake in sports betting unless they find a platform that offers it.
Sports betting is also a heavily regulated industry. In the United States, sports betting is legal on a federal level, but it’s up to each state to allow it. Because of this, a bookmaking operation can only exist in a state that allows sports betting.
At the center of every bookmaking operation lies a bookmaker.
Bookmakers collect wagers, distribute winnings, set odds, and maintain their betting platforms. They complete most of their tasks with bookmaking software, but they also use other resources to gather info to set odds.
Becoming a bookmaker is a favorable career choice for many because it allows sports fans to earn money without gambling. Bookmaking also has few entry requirements, though it does require saving money.
The last thing that makes a betting operation complete is bookmaking software, which comes from sportsbook providers. Bookmaking software is the first investment a bookie should make, and it’s quite affordable with pay per head services.
Today, bookmaking software allows bookies to offer many features on their platforms to maximize growth. Some of the most common are casino games, live wagering, and customer service.
The features a bookie can offer vary depending on the sportsbook provider they use. If they want to get the most out of their platform, they can hire a web designer or use a template from the sportsbook provider.
When a bookie finds software they like, they can immediately set up their platform, especially if they work with a provider like Ace Per Head.
Are You Ready to Become a Bookie?
If you’re a sports fan that wants to start earning money from sports, ask yourself if you’re ready to become a bookie. Now that you know what a bookmaking operation is, you have the basic info to start the process.
Here at Ace Per Head, we can help you kickstart your bookmaking journey. No matter how much experience you have with sports betting, we’ve got you covered.
Check out our bookie software demo to see what it’s like to be a bookmaker. If you want more info about our services, contact us at (800) 909-5193.