Gambling is popular in part because of the adrenaline rush people get from it.
Nothing is as exciting as placing a real-time bet that allows in-game profit and consistent anticipation. That’s why live betting is so important for bookies looking to turn a profit. Read on to learn how to make money with a great live betting strategy!
Sports Betting Profits: How Much Can You Make?
If you’re a new bookie, you likely are wondering precisely how lucrative your business can be. The answer to this question is that it depends on what your goals are. You get out of your sportsbook what you put into it so that it can be a nice side gig or an enormously profitable main job.
Small-time bookies who have just a single player can make about $2600 annually. You’re definitely going to have more than one bettor, so this tiny profit isn’t something you’re limited to. In fact, sportsbooks with 10 small-stakes players can make up to $67,600 annually!
If you’re willing to take the time and effort to grow your bookie business into a behemoth, you can make a ridiculous sum. Bigger bookies can sometimes collect $100,000 weekly if they have 100 players or more. This comes to about $5 million per year, so you’ll be living the high life.
Live Betting Software and Profit Increases
Live betting software lets sports enthusiasts place bets in real time. While the game is happening, they can monitor events to bet on players, events, teams, and more. They’ll be able to make new bets as the game goes on and modify their strategies over the course of the event.
Incorporating live betting into your bookie website is a surefire way to be as competitive as possible. There are tons of reasons that players like live betting, including:
- The real-time nature of the bets
- Interactive options with other sports enthusiasts
- The adrenaline rush of waiting for a real-time payout
- Second-by-second updates so people can place more accurate bets
- Faster outcomes that keep people informed about how much money they have
You’ll have an easier time finding bettors and expanding your sportsbook. After all, your services will be more diverse. You’ll have the chance to engage more people with a live betting strategy and in-game profit.
How to Make Your Live Betting Strategy Profitable
The best way to get the most out of your sportsbook is to invest in top-notch live betting software. Ace Per Head’s platform lets bookies set up options or VIPs to choose between hundreds of live sports betting options.
You also can add live-dealer casino games to your repertoire. This includes games like poker, baccarat, and blackjack. It’s a great way to increase your reach and find bettors with diverse interests.
When you work with Ace Per Head, you’ll also get access to features that make both agents and bookies happier. This includes integrated score tracking, easy in-app communications, a dashboard with information about ongoing live bets, player watch reports, and more.
The Basics of AcePerHead Service
AcePerHead is a fully-managed bookie software service. This means that you pay a monthly fee for experts to constantly monitor, update, and upgrade your website.
Your single fee covers security features, payment methods, and trend monitoring to ensure that you don’t have downtime. It also includes constant support for both agents and players.
When you invest in fully-managed technology, you don’t need to pay multiple bills for different features or hire people to manage your website for you. It’s easy and efficient.
Features and Support
When you use AcePerHead, you’ll get access to a huge range of basic features like:
- Updates to keep the site working
- In-app chat for agents and players to communicate
- 24/7 customer service from our team
- MFA, firewalls, and other security features
- Simple Bitcoin payment methods
- Security monitoring
You also will get sportsbook-specific features, including:
- Bet tickers
- SMS alert when someone places a wager
- Player watch reports
- Integrated sports score tracking
- Live dealer casino games
- Live sports betting in real time
- Automatic payouts
- Professionally-constructed lines and odds
- Customizable lines, limits, and players
You also won’t need to worry about getting licensing to operate and paying hefty fees to be a legal bookie. Ace Per Head has already taken care of these annoying technicalities so that you can just set up your site and start making bank.
Why Use a Pay-Per-Head Model?
Lots of sports betting software uses a subscription payment model. Usually, your bookie business would pay a flat fee each month in exchange for sportsbook services.
Unfortunately, this can cost more than it’s worth during the off-season when you don’t have a lot of bettors. It’s also not ideal for small-time bookies looking for a profitable side gig.
Luckily, AcePerHead software uses a pay-per-head (PPH) subscription model. You pay as low as $3 per player that has active bets with you during a monthly payment period.
If you only have 10 players during the off-season, you’ll only need to pay around $100 to stay in operation. This is true even if you have 1000 players during super bowl season (and had to pay $10,000 then).
Generally speaking, if your players all place $100 bets, you’ll be shelling out about 10% of what you make. It’s a great way to stay scalable, flexible, and profitable.
Legit Bookie Software
Now that you know the ins and outs of AcePerHead service, it’s time to begin setting up a profitable sportsbook. Our professionals are excited to discuss your specific needs and work with you to set up an appealing bookie website. Start your 6-week free promo to see how we can help you grow.
Get Started With Sports Betting Software
Now that you know how to make live betting lucrative as a bookie, it’s time to get started. Ace Per Head’s experts are committed to helping you set up a live betting strategy and turn a profit. Create your package to take advantage of our free six-week promo!