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How to Become a Bookie

How to Become a BookieIf you want to become a bookie, there are some things you need to be prepared for. The first one is to know how to get players. Also, you need to find the right sportsbook software for your venture. 
 
In the past, you need to need to pay a lot of cash for a sportsbook software. However, PPH providers, such as Sportsbettingsolutionasia.com, offer bookie solutions at a very affordable price. 
 
However, you still need money to ensure you can pay your players’ winnings. You must monitor your cash flow to ensure the health of your finances. A PPH software can provide you with reports to monitor your players and the profits you get from them. 

Read more: How to Become a Bookie

Sports Betting Tutorial: No Vigorish Is a Powerful Tool

Sports Betting Tutorial: No Vigorish Is a Powerful ToolVigorish, or simply the vig, also known as juice, is the amount charged by an offshore sportsbook for taking a bet from a gambler.

Let's take a look at what would have happened if you had made ten bets of a $400 bankroll at one of your favorite online sportsbooks where the odds are -100 (no juice) instead of -110, here, the ten bets of $40 would now risk $40 to win $40.00. If a players assumes a win rate of 5.45 times, you win x $40.00 (+$221.80) and 4.55 times you lose x $40.00 (-$182.00) for a profit of $39.80 versus at -110 x 4.55 a net showing of $1.60 .

The juice matters a lot. If there was no juice, all you would have to do to make money is pick at 50.1 percent, which is essentially flipping a coin. With juice, however, you have to pick at a higher rate which makes it more challenging.

Read more: Sports Betting Tutorial: No Vigorish...

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