3 Ways to Maximize Your Net Profit Per Player With A1 Price Per Head
As a private bookie, you make your money on the hold from your overall betting handle. This is the difference between the money you pay out on winning bets and the money you collect on losing wagers plus the standard 10% commission (or juice) charged.
When you factor out your costs for automated bookie services and any other operating expenses, the remaining funds would be your net profit. The best starting point for any private bookie is to set realistic financial goals and expectations for the net profit taken in.
The next step is to sign on with A1 Price Per Head as your bookie services provider. A1 has been helping private bookmakers maximize earnings for more than a decade. Based in Costa Rica, the ownership group behind A1 knows exactly what it takes to be successful in this business.
Build Out Your Betting Board to Increase Both Handle and Hold
Building weekly betting volume among your active betting base is heavily tied to building out your overall betting board. By giving bettors more options to diversify their individual sports betting strategy, it become much easier to increase your handle and the overall hold on that added volume.
While you always want all of your players to bet within their means, a basic board with limited leagues and markets will hinder your potential.
Most of your weekly volume will still come from straight bets on a game’s point spread, total line and money line. However, the added betting volume from exotics, game props and live in-game betting will create a higher hold leading to higher profit.
The sports betting experts at A1 can show you how to increase your handle and hold without having to necessarily increase your active customer base. This directly leads to more profit in your bottom line.
Expand Your Active Betting Base for Volume Discounts
If you business model and financial goals are predicated on a large betting base, A1 can still help you minimize the cost of your weekly price per head plan.
A1 offers its weekly price per head plan for as low as $7 per active betting customer. You only have to pay for what you use. While this is one of the lowest industry rates to begin with, A1 sweetens the deal with volume discounts for as few as 30 active players.
The bigger your active betting base, the lower your weekly A1 Price Per Head costs. These discounts are incremental all the way up to 1500 players. At that point, you would qualify for a custom plan and even lower weekly rates.
Offer an Online Racebook and Casino as Additional Revenue Streams
Some private bookies opt to stick with booking sports bets as the only source of revenue. That decision is entirely up to you. However, you should keep in mind that software solutions to run and manage your own online racebook and online casino are included in A1’s base PPH plan.
Horse racing can be an excellent supplement for sports bettors looking test their handicapping skills on the daily card at their favorite track. Your online casino features Las Vegas-style slots and table games. As an added bonus, your customers will have access to live-dealer table games on a 24/7 basis.