When you become a bookie, you will learn more than just about line and player management, and of course, sports betting. You will also have to find out what resources you will need as a bookie. And when it comes to running an online sportsbook, there are three main resources you need: time, money, and really good software. But what kind of software do you need for your sportsbook?
You actually have a lot of options, but the cost difference and timeline between these options are quite extreme. Normally, you can do it yourself- create your own website, post the odds, and monitor it with a spreadsheet. If you know how to code, then maybe you can create your own system. This takes a lot of time to perfect.
Another option is for you to hire your very own team of developers and sports betting experts to not just build you a website, but build software for you to be able to track your sportsbook. This will also take time, and more money since you will be hiring a staff to work for you. Getting back the money you invested might take some time here, too.
Sports Betting Software for your Sportsbook
The most popular option today, is to get bookie software for sportsbooks called a pay per head software. This option is popular because its basically a turnkey solution where you instantly gain access to ready-made sportsbook software at a very affordable rate.
This software involves getting a website for your back-office operations, so you can monitor your sportsbook in real time. It also comes with a website where your players can view your odds, place bets, and so on.
This kind of software is called a pay per head software because the fee for using their software is charged per player you have. So, for each week, the software will count how many players placed wagers for that period, and will charge you accordingly. If you have 10 players, and the fee is $5, then you only pay $50 for the week. It’s a very efficient and affordable option that bookies prefer. Here are some bookie pay per head reviews that you can check to learn more.