Don’t forget Your Player’s Limits
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- Category: Tutorial
- Created: Friday, 16 October 2020 10:43
When learning how to be a bookie, one of the first things you will learn is player management. Its not just as simple as taking bets and paying out money. Managing your players is a combination of customer relations, marketing, and product management. Your players are your customers, so you need to make sure that they are happy. You do this by giving them good odds, a wide array of betting options, and a great sportsbook to bet on.
But more than that, your sportsbook pay per head software has player management tools for you. Naturally, your players all have betting limits. As a bookie, its your call on how much people can bet on your sportsbook. You can set minimum and maximum bet amounts. While a high bet ceiling is good for you, it also increases risk. This is why it’s a careful balance when it comes to setting your players’ limits.
So, assuming you just began to start a bookie business from home, then you are most likely starting off with a uniform betting limit. This means that each player can only bet a maximum set amount per wager. This allows you to control the risk you take for each wager that your players make.
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