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How to Be a Bookmaker

Source: realbookies

Generally, people do not have a nice opinion about bookmakers. We need to be honest and say the truth already at the beginning. Despite that, we also need to say that some bad people ruined the reputation of this profession.

Let’s forget about prejudices for a second. It doesn’t mean that all bookmakers are some sort of scam. Keep in mind that these people also try to make money. If you are willing to become one, then you should not listen to other people. Everyone has the right to choose his way of making money. Something that matters is that you do that in an honest way.

Being a bookie is an interesting process. Yet, that doesn’t mean you will become a bookie over the night. Whichever success you want to make, you need to have a plan. Despite that, you need to work hard on the improvement of your skills and knowledge about a certain field. This especially counts when we talk about bookmakers.

If you are willing to try yourself in this field, then there are a couple of suggestions that we want to suggest.

Work Hard and Don’t Give Up

Source: inquirer

This is the first step that you need to take without any doubt. Many people do not understand how it looks to be a bookie. Many of them think that setting a webpage with a little maintenance is everything they need to do. If you are one of those people, then you are completely wrong.

Successful bookmakers were working hard for many hours per day to achieve their success. There are probably some easier alternatives such as being a bookie agent for some other company. Yet, even in that situation, you need to work hard.

You maybe do not see that now, but there are many things that you need to worry about. The first thing that will be tough for you is the promotion of your webpage. Finding new clients only sound easy in theory.

When you are new in this field, you firstly need to find a way to reach new clients. Luckily, social media are there to help. Yet, even if they know about your existence, that doesn’t mean they will bet on your webpage. Your main focus, in the beginning, should be the attraction of people that are gambling fans. It is okay if you offer better odds in the beginning. In that way, you will make some sort of trusty relationship with them.

Finally, you need to be careful about your target audience. Imagine that you only attract people that have a high winning percentage. Your bookmaking career will not last long.

Learn from Other Blogs and Experienced People

Source: investopedia

This is the best way to become successful in this field. It is not a secret that there are many bookmaking businesses and individuals online. They are all doing this for years and they remain successful in this field.

They are indeed your competitors. However, that doesn’t mean you should not learn from them. Find blogs and vlogs that could raise the level of your knowledge. We suggest you visit Campobet Review and see why they are successful bookmaking agency.

Find a Partner

Yeah, sharing the responsibility is always a great choice. This especially counts when we talk about the bookmaking industry. First of all, you will need to prepare an initial capital to start this sort of business. How much you will need to invest depends on the law of your state. However, it is always better to share the first investment with someone else.

Yet, money mustn’t be the reason why you become a partner with someone. Your potential partner needs to be a reliable person before everything. After that, he needs to possess at least the same level of knowledge and skills as you. Only in that way, you can become a bookmaking dream team.

Source: pinterest

Pick Your Sport

As we said, this industry is complex. You do not need to start with huge steps. It is much safer and smarter to star small. That is the reason why we suggest you choose only one sport. You don’t even need to offer a huge number of games and odds. For instance, pick sports that only have two outcomes – lose and win. Tennis or Volleyball would be the perfect choice to start. We suggest you do not start with things such as formula and horse racing. In these two sports, you never know what’s going to happen. You expose yourself to risk. That’s why picking “two outcomes” sports would be a better choice.

Adjust Odds

As we said, hard work is necessary. You need to actively follow the results and see how things are changing. For example, live betting is becoming more and more popular.

Let’s say that you picked football/soccer as your sport. Imagine that Liverpool plays against West Ham United. Logically, most of the people would bet on Liverpool because they are a lot better team. Yet, if the number of bets becomes big, you need to adjust the odds. That’s how the entire system works.

Despite that, let’s get back to live betting. Imagine that the result of that game was 0:0 until the 80th minute. Yet, Liverpool is attacking a lot and there is a big chance they will score. Many people would probably place a bet because it seems that they can get money. The odd can’t remain the same. You once again need to adjust it.

Fortunately, many software solutions can help you with tracking. We won’t mention them here because we do not tend to promote them. Anyway, we suggest you google and see which one will satisfy your needs.

Source: thesportsgeek

Bonus Tip: Open a Shop

Okay, this is a step that you will not be able to do immediately. Yet, we have noticed that many bookmaking agencies and individuals do that. It brings them additional income.

When you gather a certain amount of players on your webpage, then you can offer them different products. All these products need to be associated with your brand. For example, you can allow them to buy T-Shirts with your logo on it. Despite that, you can also reward the most loyal fans with different items.

The reason why you do this is “Word-to-Mouth” marketing. Other people will see your logo and they will want to know who you are. If the customer is satisfied with your services, he will promote you among the people around him. This is the best way to reach new people.