Do you love sports? Have you been witnessing the boom in sports betting?
Does turning your passion for sports into a side hustle to pay your bills sound exciting?
In this guide, we’re going to teach you the essentials on starting your own sportsbook. You don’t even need to start out full-time, this business can start out part-time as a side hustle.
Steps to Turning Your Passions for Sports Into a Business
Let’s take a look at how you can turn your passion into a profitable business.
1. Join the Best PPH: A pay per head (PPH) service will provide you with the essentials to get started in this business, including the software, live betting odds and support.
PPH services are common, but we recommend reading our PPH reviews to find the best.
It’ll save you time, money and headaches.
You can get started for free by claiming a free trial. What other business can you start with zero initial investment? There aren’t too many, especially with the profit potential in this industry.
2. Get Players Signed Up: Opening accounts for players is simple using a PPH. You or the provider will create a unique account number and password to share with the player.
You’re only going to be able to pay your bills if you make money.
How do you make money as a bookie? Well, you need players actively betting. Typically, the more players you have wagering and the more turnover you have, the more money you’ll make.
We recommend marketing wherever possible. Social media, friends/family, the local bar. You need to grow your betting sheet with qualified sports bettors, though. Don’t accept everyone.
3. Learn the Tools of the Trade: PPH services offer bookies a lot of tools and data to increase turnover and profits. You need to start utilizing the bookie tools as soon as you launch.
We have lots of great guides that will teach you about what tools to use.
One great feature are the reports provided by PPH services. These reports are updated in real-time and bookies can also use them to handle the accounting at the end of the month.
4. Profit: Once you learn the ropes, start utilizing the tools and have players actively betting, you’re going to end up making lots of profit as long as you can continue to grow.
It’s definitely possible to turn your passion for sports into a business that pays your bills.
Millions of people bet on sports every single day. There’s a good chance some of your friends bet on sports and these should be the first people you work on signing up to your sportsbook.
If you love sports, why not give it a try?
PPH services offer free trials, allowing you to run your own sportsbook for free initially. These trials can last for several weeks, so the only money you need to start is a bankroll to pay out winners.
You may not even end up paying any winners the first few weeks, but you need to have the money in case a player wins. Your reputation is on the line and you have to payout players quickly.
Learn more about Pay Per Head:
Automated Player Management With Pay Per Head
Key Pay Per Head Business Analytics
Three Great Ways to Find the Right Pay Per Head Site
Real Bookies Ramps up the Betting Action This Winter
Benefit From Real Bookies Pay Per Head Business Model
