openPR Logo
Press release

Sportsbook Software Allows Anyone to Become an Odds Sports Bookmaker.

07-29-2021 08:56 AM CET | Sports

Press release from: PayPerHead.net

Sportsbook Software Allows Anyone to Become an Odds Sports

- NFL football 2021-2022 season kicks off on September 9 when the Tampa Bay Buccaneers begin their quest to become the first team to win back-to-back Super Bowls since 2004 and 2005. The National Football League's first game between Tampa Bay and the Dallas Cowboys not only opens the NFL's regular season, but it also begins the most profitable for U.S. sportsbooks.  

In the USA, being locked down into their homes because of COVID19 caused people to change their perspectives about what entertainment is concerned. Betting on sports has become this year, a lot more mainstream than ever was.

This change in mentality has sportsbooks rockclimbing to new pivotal revenue areas as more volume tends to equal more profits. Also, this fall, attracting sports betting revenue won't stop with football.

For the first time since 2019, the NBA & NHL should run their seasons free from coronavirus-specific rules. Although missing from top online ways to make money lists, running an internet-based sportsbook, where owners pay per head for their customers, has become even more prevalent.  

This is where PayPerHead.net 's bookmaking software allows anyone to run a sportsbook.

In the past, sports bettors (“players”), signed up with online companies. Since 2018, large, private organizations like DraftKings and FanDuel have begun to offer sports betting in the United States.

Sportsbook software allows anyone to become a book-taker, oddsmaker, and private business owner. Like FoxBet, individual bookmakers provide their clients with "daily sports, sports betting, and e-Gaming opportunities."

For the million-dollar global casinos, introducing sportsbook software to help improve business is the equivalent of onboarding the Bloomberg Terminal.

The pay per head model allows anyone to become a book maker. Companies have designed software for the individual, who wishes to run a traditional bookmaking operation without ever having to create a brick-and-mortar storefront or worry about software architecture.

Why running an online sportsbook is lucrative

The Super Bowl, the National Football League's Championship game, is the year's highest sports betting revenue-generating event. The average betting handle on the Super Bowl is US$6 billion per year, with a $150 average per person bet, per week.

A deep dive into those numbers, reveals why many entrepreneurs are learning how to become bookmakers by themselves. According to Forbes magazine, New Jersey players alone wagered more than $117 million on the 2021 Super Bowl.

$117 million is a far cry from $6 billion, which tells us that most money wagered on the Super Bowl goes uncounted. Not counting Super Bowl betting revenue isn't an anomaly. Most betting revenue in every sport goes uncounted, under the radar.

Individual gambler-bookmakers, and non-U.S.-based sportsbooks operating online, mustn't release betting revenue statistics. A person who runs a sportsbook with ten to one hundred clients, or even more in some cases, must not, never, say how much money their players bet.

Speaking of players, why would they stick with an individual bookmaker when U.S.-based avenues to bet are now available? Read how much states take from each dollar wagered, the states cut. Most of us will come to the same conclusion.

The very best sports bettor wins 52% to 55% of their bets. After bet-taker fees, which is often 10% on against the spread wagers, the most common on football and basketball, the best handicappers on the planet grind out a 2% to 5% profit.

If the state takes a cut above 2%, sports handicappers must make well above the typical threshold to make money.

Casual players don't worry so much about the takeout. Professional players have no choice but to worry about the money they must provide to states that legalized online betting.

Professional handicappers, and many casual handicappers, have stuck with their bookmakers or non -U.S.A sportsbook.  

How much money do book-keepers make? Nobody knows because almost all revenue goes uncounted. But simple math tells us that many odd betting professionals, not all, but many, and probably most, make a lot.

PayPerHead.net 's Price Per Head (PayPerHead) sportsbook software closes that gap.    

Bookmakers provide a service where they offer free betting software to their clients. The bookmaker runs their service the same way a more prominent sportsbook would, providing betting software, making payments to winning clients, and collecting from losing customers.

Many individual companies use DGS or ASI software. Some PPH sportsbook companies use their own custom proprietary software.

Organizations with their software can integrate 3rd-party platforms, often provide more robust security, and add things like a racebook or 3D gaming option to their product offering list.

Proprietary software also allows agents to use reseller tools. By doing so, agents super-charge their booking businesses by becoming master agents.

A master agent resells their sportsbook to sub-agents. Most of the time, a master agent uses a company with proprietary software to create a custom domain.

The master agent then resells the domain to sub-agents. Sub-agents don't always wish to run an individual sportsbook due to cost and their client base. Many subs must cut costs because they provide online booking software to 10 clients or less.

Some master agents have become so efficient at signing subs that they've created Reddit sportsbooks that they promote daily. Agents at that level have created companies that rival much bigger sportsbook firms.

iBet Sports, LLC
410 Bella Blvd. Ste. 223-298
Montebello, NY 10902

PayPerHead .net provides PPH Price Per Head Software & Services for Online Casinos and SportsBooks, PokerRoom and Horseracing Betting Providers at the lowest price in the industry, since 2010.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Sportsbook Software Allows Anyone to Become an Odds Sports Bookmaker. here

News-ID: 2340227 • Views: 421

More Releases from PayPerHead.net

06-02-2021 | Sports
PayPerHead.net
How The U.S. Legal Sports Betting Business Is Fundamentally Disadvantaged
(*Of course, there are advantages, too) Some people say “Not all bets are not created equal”. With local bookies operating through pay-per-head websites, it’s a world where credit is king. In all regulated markets expanding all across the U.S., the game it’s quite different.  At a legal sportsbook, a bettor will have to post-up the funds, meaning if he’s betting $22 on the Patriots to win $20, he must first put down $22
10-14-2020 | Sports
PayPerHead.net
Where major games struggled due to social distancing, sportsbooks are finding ne …
In these stressful times, whether they be because of wars, emergencies or economic crashes, people tend to look for what distractions they can find. These can be in the form of books, films, television, taking up a new hobby, and often betting. Although these distractions can often just be seen as temporary relief, they can offer something for people to fall into for a few hours and forget what is

More Releases for Sports

Outdoor Sports Apparel Market
Facto Market Insights published a title on “Global Outdoor Sports Apparel Market – 2020-2025”, to its collection. The study on the global outdoor sports apparel market defines the analysis of all the segments, along with the market sizing, year-over-year growth analysis and structure of the industry. The research report also includes the analysis of geographical manufacturers & new market players, covering all the data & information suitable for the clients
Sports Tourism Market to Witness Massive Growth| ITC Sports Travel, Sports Tours …
A latest study released by HTF MI on Global Sports Tourism Market covering key business segments and wide scope geographies to get deep dive analysed market data. The study is a perfect balance bridging both qualitative and quantitative information of Sports Tourism market. The study provides historical data (i.e. Volume** & Value) from 2013 to 2018 and forecasted till 2025*. Some are the key & emerging players that are BAC
The Edge Sports Supplements
The Edge Sports Supplements was founded in Sydney Australia October 1998. In the early days we started small, but what we lacked in size we made up with an attitude & work ethic second to none. Our vision was to build the most customer friendly store so we can provide the best products and services. Now with our bulk buying power we are able to offer discounts on all of
DIGITAL FANTASY SPORTS
The #1 Fantasy Sports Cryptocurrency Dedicated to the Building the Ultimate Arcade for the Fantasy Sports Industry Emerging technologies and platforms are shaping the fantasy sports industry today in ways we could have only imagined a decade ago. Players are joining the sports fantasy scene by the thousands, introducing more games and exciting the fan base worldwide. With the expansion and the magnetism of the cryptocurrency technology, players and fans are benefiting from more earnings,
06-22-2017 | Sports
webindia
Sports News in Tamil
Kamran Akmal-Gautam Gambhir: Gautam Gambhir is known to play his cricket with passion. India-Pakistan games are often high on passion and intensity. The occassion was the 2010 Asia Cup semifinal, and another high voltage India Pakistan clash was on the cards. Akmal made a loud appeal for caught behind which Gambhir didnt like, and the two players had a go at each other. Then, drinks break was announced, and both the
China Sports Market (Sports Apparel, Sports Footwear, Sports Equipment) & Foreca …
China Sports Market Overview China sports market is expected to be more than US$ 100 Billion industry by the year 2020. To achieve this impressive growth China sports market is expected to grow with double digit CAGR. In the year 2010 Sports Apparel used to be the biggest market, but by 2015 Sports Equipment has overtaken Sports Apparel market. Company sales are highly fragmented and no single company holds double digit