Maximizing Your Hold Percentage By Motivating Players To Wager More
The hold percentage is the amount a bookie keeps as profit from what players wager. For instance, your pay per head bookie service provider can promise a 5% weekly hold percentage.
This percentage is a fundamental aspect of running a successful bookie business. Why?
A bookie cannot rely on losing players to earn a profit. Instead, you can impose a hold percentage to make a small profit whether the player won their bet or not. While the hold percentage can be pre-set, it is up to you to decide how much money you can earn.
The best way to maximize your hold percentage is to encourage bettors to wager more. How do you do that? This article illustrates how you can motivate your clients to wager more so that you can earn more.
Customize Bonuses and Promotions
Implementing customized bonuses and promotions is a powerful way to incentivize players to increase their wagering activity. Some of the personalized rewards may include deposit bonuses, free bets, and cashback offers.
It would help if you evaluated what a player prefers by looking at their betting habits and preferences. Then, you can capitalize on your findings to motivate them to place large bets to take advantage of the benefits. In addition, update and refresh these promotions to keep players engaged and excited about the possibilities, driving them to wager more frequently and with higher stakes.
Live Streaming and In-Play Betting
Integrating live streaming of sports events and interactive features into the platform can significantly elevate the betting experience. Allowing players to watch the action unfold in real-time and engage with live betting options creates a captivating and immersive atmosphere.
The thrill of live betting encourages players to place more bets throughout the event, thus contributing to higher wagering activity. Ask your pay per head service provider if they can offer live betting markets and integrate live streaming into your platform.
Provide Betting Insights
Providing players with betting insights and statistics can enhance their engagement and betting decisions. It is a way of empowering players. Betting insights feed players with the information they need to make more accurate bets.
So, offer past performances, betting trends, and other relevant data to empower your clients. This will make your clients feel a sense of control and understanding over their wagers, leading to larger bets and increased betting volume.
Are you ready to earn more? Contact A1PPH to set you up with a customizable betting platform. You will also get live betting markets, among other tools, to help you grow your profit.