How to Become a Bookie
What is a bookie? You might be one already! If you’re the kind of sports fan who likes to put their money where their mouth is chances are you’ve got what it takes to join the ranks of a fast growing group of entrepreneurs known as bookmakers or “bookies”. The first step to becoming a bookie is knowing people who want to bet money on sports. If you routinely find yourself in the middle of the action when you and your friends gather to watch a sporting event then you have already taken your first steps towards becoming a bookie.
To be a bookie you need to be prepared. You need to know what the opening line on the game will be and have an expectation of what side your players will be coming in on. This can depend a lot on your geographical location as your local players will likely want to bet money on their hometown favorite. Knowing this can be a big advantage to you as it will help you maximize the edge you have over your players in order to win their money.
For example, if the local NFL team is favored to win a game by 7 points you can automatically tack on an extra ½ point or even more depending on how many players you have and the size of their bets. To be a bookie you need to first understand that you are no longer a bettor and want to manage your risk and exposure on a game to keep the action balanced.
To learn more on how to be a bookie we highly recommend that you set aside some time to learn the inner workings of the trade. The internet is full of helpful information on the inner workings of Las Vegas sportsbooks and offshore gaming companies. Ultimately when you are ready to get serious about going into business for yourself you will want to use the services of a good pay per head company. These companies are specifically set up to help you be a bookie with their player management and financial reports.
Becoming a bookie is not without risk. If bookmaking is against the law in your area then you will want to make doubly sure that you have as little exposure to legal repercussions as possible. Penalties for bookmaking are generally light and small bookies are rarely bothered by the authorities. If you’re careful and deal with trustworthy players you’ll be making money in no time.
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