Bookies From Local Neighborhoods Put Lines On Internet
In one of the most interesting stories to come out about the world of sports betting and online sports betting, it seems that the good ole' street bookies that you'll find in your area may have potentially turned to the internet to continue to run their businesses. While running a sportsbook is illegal, you probably dealt with a bookie in the past who used their phone to take different bets, a notebook in order to keep track of all of the different bets, and of course the good old "hit man" who was sent out of there was a debt that went unpaid. Things are about to look a good bit different though starting very soon.
Many bookies are actually turning to some new software that will actually make their lives incredibly easier and make it so that they can track things much easier as well. How it will work is that people will be directed by the bookie (or whoever the bookie wants to have direct them) to a website that will act as a tracker for anything sports betting related. Not only will people be able to place their bets down there, but they can track the bets and total them up as well as they place them. From here, when the games tip off the bookie can then head to the website and look at what is owed, or what he/she owes to the bettors for the upcoming week of action.
While it may be illegal for a bookie to run a business in your area, it's definitely a new and improved way for everyone to keep things straight and incredibly organized as well. Probably the best part about it is that you know exactly what you will be owed, and can also see exactly where you stand (whether you are the bookie or the bettor) in terms of getting paid. While it is still illegal, it's incredibly organized to say the least. While bookies are probably used to running out of small offices or even out of their own homes, now things have gotten even easier as they can run the businesses without having to rack up massive phone bills or deal with any payment issues or payout issues from their bettors throughout the different sports seasons.
Many people pose the question of why people would choose to work with a bookie instead of with an online sports betting site. The answer to this is pretty simple as many players choose to stick with just paying with straight cash instead of having to worry about an online sports betting site taking any type of credit or debit card information, and then having to worry about getting their money sent to them after they win. The sites essentially take the idea behind an online sports betting site where you can track your bets and your winnings, but you can still have the option to pay in cash to your bookie that is in your area.
It's important to note that these website aren't completely free to bookies who decide to use the site, as there is a client fee that is taken for each client who ends up using the site to place their bets. The sites are called "pay-per-head" exactly for this reason, and you'll find that the reason why there haven't been many targets for these types of businesses because they actually don't have anything to do with the money that is bet through the bookie. Anything that has to do with the actual betting itself, including paying the money, receiving the money, or dealing with the lines and odds is completely handled locally between the bookie and the sports bettor themselves. As far as the cost goes it is typically around $20 per-head.
Another interesting part of this is that it's not anywhere near "sketchy" in many situations as some people may think. You'll find that some people who used pay per head sites actually have full offices and include multiple employees who are taking bets and paying out bets to players as well. There are different sites depending on which bookie that you are dealing with but some of them are pretty massive and feature many different servers as well. For the owners of the sites, or the bookies, you'll find that it essentially just saves them time, making the cost worth it to them. They can not only change the min and max bet sizes for the bettors, but also have the option to change up lines and odds if they'd like to on the site itself for customers to see.
For those bettors who are curious if you have to pay as soon as you are finished with a bet, you can actually have a settle up number through the site itself. The settle up number will allow you to set a specific number in which you will either get paid out, or will have to pay the bookie. For example, it may be $500 for a bettor where they are able to lose up to that much before paying the bookie, or they can play until they win that much and will then receive their payment. Doing things this way essentially just makes it easier for players and bettors alike to keep track of where they stand and not have to worry about payment on EVERY bet.
Here’s a collection of great articles about price per head, hope these help answer all your questions.
A good site to visit for more information about Pay per head is RDG Corp., they maintain two of the top price per head services in the industry, Real Bookie and 247pph.
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