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The Odds in Your Favor
Setting the odds in your favor is what you
must do if you want to win consistently. Bookies, it’s time to start thinking
about your future and how you can attract more clients and most of all, keep
the one you’ve had in the past. Let’s face the facts, many of your clients have
hit the road for greener pastures. This was to be expected. The world has
changed, and the bookmaking industry has had to change with it. Have you
changed? If you have not, then you must, and right now. There is a windfall of
money to be earned, but you must appeal to your clients needs. They expect you
to be up with the times and they want you to be. They want to be loyal to you,
the problem, they are struggling with what you have to offer.
· Gamblers never
stop gambling. They are gambling now, more than ever and you need to tap into what
they are spending their money on. You must be prepared in all aspects of
online gaming. Change starts with you.
· In these ever
changing times, you must be prepared on all levels and this preparedness starts
with the sportsbook. There are indeed plenty of sports available for your
clients to bet on. Are you giving them what they want and are you giving
yourself the opportunity to earn big profits with the best lines
and odds available?
· Lines and odds
are a big deal, in fact, maybe the biggest deal you must face as a bookie.
Now, ask yourself this question. “Am I an experienced line mover and odds
maker”? For most local bookies, the answer is usually
“no”. This doesn’t mean that you don’t know about lines and odds and that you
don’t have a general idea of how they work.
Brief Backstory:
· Lines and odds in
sports gambling started decades ago in Las Vegas. The “original line” was a
creation of the ‘Stardust-Hotel, Casino and Sportsbook’. The Stardust came
up with and invented how oddsmakers set their lines and odds today. The
Stardust was one of the original Las Vegas strip hotels. They opened up what
was at the time, a mega resort with a huge gaming floor, a huge - and what
would become a famous poker room, and the largest sportsbook in Nevada.
Management quickly realized they had struck gold and that everybody wanted a
piece of the sports betting action, however, they had to make money beyond a
winning or losing bet. Just as with poker, there had to be some sort of payoff.
Poker had a “rake”, they realized there had to be something to make sure the
playing field was leveled for the bookmaker, not just the gambler. This is when
they came up with the “line” or the “spread”.
· Here we are
decades later, the Stardust is nothing more than a memory, and bookies
across the world are still using the same system that was set up way back when…
· For decades, Las
Vegas set the standard for odds making. Bookies from around the world followed
what they set on a daily basis. Nowadays, Las Vegas follows the offshore
oddsmakers!
· You must know what
type of odds and lines to set every day and on every event, as well as on every
prop bet, and every wager type that you offer your clients. Think about the
work that is involved. This is not an easy task, what we just said is an
understatement. THIS IS NOT AN EASY TASK! Setting lines and odds for
your bookmaking business is a difficult job and it can make or break you
financially. You must be on top of all sporting events as well as all of your
prop bets. Today’s players are smart, they have information at their
fingertips, and they can beat you.
Find a fantastic pay per head and let
them manage your sportsbook, Not only the sportsbook but also a Las Vegas-style
casino, and a world-class racebook. The best
bookie software companies are now offering a three in one
package that allows you to operate on one site with a custom-built website that
comes 100% free. All you pay is the weekly PPH fee for active players. Call
the pay per head today and turn this year around.
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