PPH Sportsbook Software
Sportsbook software has been around since the mid 80s and was pioneered by professional gamblers like Billy Walters and the Computer Group who used it to take the luck-entertainment places in Las Vegas to the cleaners on a regular basis for years. The luck-entertainment centers had to develop their own software systems in order to keep up with the new breed of techno-savvy bettors who could break down the sportsbook lines with the same computing power that NASA used to launch spaceships.
As the sportsbook software systems evolved they became widely used by bookmakers around the world who were opening up money-risked activities to a worldwide audience courtesy of the internet. This led to the evolution of the pay per head sportsbook, a relatively new concept in the gaming industry.
The pay per head sportsbook emerged in force back in 2006 when the international banking system started cracking down on gaming related transactions. The solution to this problem was simple and eloquent, get back to basics. Pay per head sportsbook provide a platform that enables the local bookmaker to open an account with an offshore office that provides all the sportsbook lines and writes all the wagers for their players. The bookmaker pays them a set price every week for this service and is responsible for collecting losses and paying any winnings to their players.
The “agent”, as the bookie is known in the industry, has access to sportsbook software that enables him to monitor all the money-risked activities of his players in real time. They know what their position is on any given game, they can check their hold percentage over any specified period of time to see their profitability and they can open up player access to gaming options that include horse racing and online luck-entertainment places play.
A good pay per head sportsbook lets the bookmaker do as much or as little as they deem necessary to keep their edge over their players. Money-risked sportsbook lines are run by professionals with years of experience in watching lines and moving them in order to maintain balanced action. At any point, however, the bookie can jump in and make adjustments to the lines that are available to his players if knows he will be getting heavy one sided action.
If you are a bookie that has been looking for good sportsbook software to help you run your business, or if you have been looking to expand your current business but are getting over whelmed by the work load, then opening an account with a pay per head sportsbook is the solution to all your problems.
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