It would be impossible for you to know the sports betting industry without coming across the word bookie. A bookie, after all, is who you place your bet with. So if you are unfamiliar with what a bookie is, here is our guide for you to read.
Basically, a bookie is someone who owns a sportsbook, whether retail or through a bookie pay per head. A bookie’s job is to give you the odds, the bets available, and collect any wagers that you will make. After the game, the bookie will be the one to issue your payout as well. It’s as simple as that. A bookie earns money by collecting a small fee alongside every wager, called vigorish.
What is a Bookie?
In fact, you can also easily learn how to be a bookie. A bookie needs a few skill sets to ensure a success in owning a sportsbook. That is knowledge in sports, knowledge in gambling, and player management. Once you know these three, then starting your own sportsbook will become very easy for you. Nowadays, one can even become a bookie from home. All you need is startup money (which is not a lot), a laptop or computer, or even a tablet, your internet connection, and you are good to go.
Thanks to pay per head software, you can automate much of the duties of bookies, such as collecting wagers and computing payouts. Here, a bookie software will help you track all wagers, help you adjust your lines in real time, and even help you offer promos or bonuses to your players. The service also comes with a free online sportsbook website that your players will access to place bets.
