Do you want to put yourself in a position to make a lot of money without having to work a traditional 9-to-5? Then you should consider getting involved in the bookie business.
In the past, the term “bookie” has carried a negative connotation. But now that more people are placing wagers on sporting events than ever before, it’s a great time for you to figure out how to be a bookie, which is also known as a bookmaker.
So, what is a bookmaker? Well, a bookmaker is someone who accepts sports bets from other people. It’s also someone who handles collecting money from those who lose bets and paying out money to those who win them.
The bookie business might just be the best business for you to be in. You’ll enjoy a whole host of benefits when you get involved in it.
Here are the nine biggest benefits of the bookie business.
1. Requires Very Little Money to Get Started
If you’re thinking about diving headfirst into the bookie business, one of the things that might scare you is the financial commitment that you think you have to make. You might be worried about what’s going to happen if you start taking bets from people and can’t cover them.
But in reality, you’re not going to have to worry about putting up too much of your own money when you launch a bookie business. Your goal is going to be to take a lot of bets on both sides of a sporting event so that you can take payments from those who lose bets, pay out those who win them, and keep a little bit of money for yourself.
This will require you to put out next to no money on your own! And in the event that you do take a hit on a sporting event, you should have enough money saved up from all the times you win money to easily cover your losses.
You should, of course, be smart about how you choose to get your bookie business off the ground. You probably won’t want to start taking gigantic bets from sports bettors right away. But you’ll be pleasantly surprised by how little money you need to get your bookie business going.
2. Makes It Possible for You to Make a Nice Income
When you’re kicking around the idea of becoming a bookie, one question you’re going to ask is, “How much do bookies make?” You want to know that you’re getting into an industry that will allow you to bring home enough money every month.
Unfortunately, it’s difficult to come up with a surefire answer to that question. It all depends on a number of factors, including how many clients you have and what betting limits you place on them.
But generally speaking, most bookies are able to make a pretty nice income. They’re also able to do it without having to put in a ton of time and effort on their part.
You can also maintain some semblance of control over your income when you’re in the bookie business. You can actively work to pick up more clients if you want and offer new types of sports betting to entice more people to wager with you.
3. Surrounds You With Sports Almost All the Time
It’s not exactly a secret that most Americans absolutely love sports. One recent survey found that well over 50% of people often rearrange their schedules so that they’re able to watch their favorite sports teams.
If you’re someone who loves sports and spends a lot of time watching them, then the bookie business is going to be a natural fit for you. It’s going to call for you to watch sports at almost all times of the day, which won’t seem like much work when it’s something that you would likely be doing anyway.
There will be times when you might not feel like keeping up with random soccer games taking place in Bulgaria or rugby matches happening in New Zealand. But keeping up with them anyway will be a small price for you to pay to maintain a role in the bookie business.
4. Allows You to Connect With Colorful Characters
There are plenty of Regular Joes (and Janes!) who enjoy betting on sports. There won’t be anything too out of the ordinary that happens when you’re communicating with them about their bets.
But there are also tons of colorful characters who bet on sports on a regular basis. You’ll get to meet them and interact with them when they turn to you for their sports betting needs.
There are going to be times when these people will drive you up the wall with their antics. But you’ll also love the fact that there won’t ever be a dull moment in your world. You’ll meet all kinds of people that you might not meet otherwise and get the chance to work closely with them while making money off them in the process in a lot of cases.
5. Calls for You to Do a Lot Less Work Than You Might Expect
For a long time, being a part of the bookie business was not easy at all. Bookies actually had to work pretty hard to rake in a good income.
In order to run their bookmaking businesses, many bookies used to have to set up shop in a physical location and have people come to them to place their bets. They also had to be by their phones for a lot of the day so that they could accept bets from people who called them in.
Today, bookies don’t really have to do any of this. There is sports betting software that allows them to run their bookie businesses with ease.
When a bookie links up with a company like Ace Per Head, they can give their clients access to a website where they can place all their bets. They can also accept a wide range of different payment methods from those who want to deposit money into their accounts.
It’s pretty amazing to see just how far the bookie business has come over the last decade or so. Bookies can still make as much money as they used to without getting their hands dirty or putting in much time or effort.
6. Teaches You About the Ins and Outs of Sports Betting
If you’re going to be a successful bookie, you’re obviously going to need to know a whole lot about sports betting when you first get started. For example, you’ll need to know the difference between a moneyline bet and a point spread bet.
You’ll also need to know what parlay bets are, how teaser bets work, and what happens when people place round robin bets. It’s going to come with the territory when you’re accepting bets from people.
But you’re going to find that you’ll learn so much more than you already know about sports betting when you’re in the bookie business. You’ll have to in order to keep up with all of the sportsbooks that are popping up throughout the country now that sports gambling has been legalized in a handful of states.
You might, for instance, want to educate yourself on the intricacies of same game parlay bets. They’re beginning to become very popular among sports bettors, including those who are just starting to place sports bets for the first time.
You’ll enjoy the process of learning more about sports betting over time. It’ll help you become the best bookie possible and allow you to watch sports from a brand-new perspective.
7. Provides You With Plenty of Growth Opportunities
As we mentioned way back at the top, there are more people gambling on sports these days than at any time in the past. Sports gambling has emerged from the shadows over the last year or two, and it has resulted in more people finding out about it and giving it a try.
What will this mean for you if you start a bookie business? Well, it’ll mean that there will be plenty of chances for your business to grow. As the sports gambling industry reaches new heights, you’ll be right there the whole time along for the ride.
As of right now, it doesn’t appear as though the industry is going to slow down anytime soon. This could benefit you in a big way as it could lead to your business growing in ways that you may not have even imagined. It’ll make you wish that you had gotten into the bookie business even sooner than you did.
8. Sets You Up With Money to Invest in Other Avenues
It might take you a year or two to start generating a steady income with your bookie business. You’re not necessarily going to be able to turn your business into a cash cow overnight.
But once your bookie business begins to bring in money every month, you’re going to be able to count on that money coming in. And since your business isn’t going to occupy all of your time, you might be able to take a portion of that money and invest it into other things that could help you make even more money down the line.
There are some bookies that will take their winnings and reinvest them into real estate. There are others that will use them to start construction companies, car dealerships, and other businesses.
You’re welcome to do just about anything that you want with your winnings. If you don’t want to invest them, you don’t have to do it.
But it would be a great idea for you to at least consider investing your winnings in some other avenues. You’re going to have the time to explore these avenues, so why not give them a shot and see what they can do for you?
9. Keeps You on the Edge of Your Seat Every Single Day
When you make your big break into the bookie business, you’re going to get the chance to see first-hand just how much money you can make in it. It’s going to make you wonder why you didn’t try and do it sooner.
But you’re also going to quickly realize that bookies love their jobs for more than just the money. They also love them because they almost always feel like they’re right on the edges of their seats waiting for the other shoe to drop.
The excitement that you’ll feel when you’re working as a bookie will outpace the excitement that you feel doing almost any other job. You’re not going to find that kind of excitement sitting behind a desk pushing a bunch of papers around.
If you’re not having a good time each and every day working at your current job, you may want to think about how breaking into the bookie business could change that for you. It could make you excited to wake up and get to work again.
The money that you make while working as a bookie will be nice. It’ll pay the bills and will give you money to invest with if you want to do it.
But it’s the excitement that is going to make you happier than you’ve been over the last few years. It won’t take you long to feel the difference.
Want to Get Involved in the Bookie Business? Now Is the Best Time to Do It!
The bookie business is booming right now. With so many people looking to place bets on sports, there aren’t enough bookies to go around at the moment.
If you want to get involved in the wild world of sports betting, you should make a push to do it today. All you have to do is invest in some sports betting software and start marketing your bookmaking services in the right way.
Want to read more about the sports betting industry and everything that’s going on in it? Browse through the other articles that we have on our blog to find out all about it.