ROI on a Bookie Business

Many who are getting into the sports betting business are wondering how fast the ROI on a bookie business is. Here at iGamblingNow.com, our tutorials have shown you how lucrative the industry is. In addition, we have also given recommendations on various bookie software solutions to help bookies start their own business. Depending on the option you choose, your ROI may vary.

Assuming that you are using a bookie pay per head, however, the ROI will definitely be fast. Let’s walk you through the process of how a bookie earns money, so you can see how fast the ROI in your sportsbook business is.

ROI on a Bookie Business

Assuming you are using a bookie PPH software, then it will be easier for you to recoup your costs. Let’s use a $5 per player fee for this example. Basically, your overhead cost is $5 per person each week to use the software. That’s $20 per person each month. Now, assuming your player places wagers throughout the month, you get to keep the vig for each wager. This is how bookies earn from sports betting. The vig is taken out from each bet made, while the pay per head fee is only per week.

So even if you take out all of the payouts from winnings, you still have money to cover the pay per head fee of your player, and the rest will go to your revenue. If a player decides to place a high enough bet in just one week, then you can actually get your money back during that week.

What remains important, is your ability to manage your sports betting lines. You have to try to get as much as an even balance as you can to be able to minimize risk and increase your profits. But given that the pay per head fee is very minimal, it would not be uncommon to earn your money back in just a week or two after your start taking in wagers.

Get the Best Bookie Software with Price Per Player Here!