The general rule of thumb is, the more money you put toward marketing of your own online casino, sportsbook and multiplayer poker room online gaming business, the higher the revenues, the higher the net income. What is required is targeted traffic. The customers in your own online casino & poker database who sign up with your gaming site belong only to you and are not shared with anyone else.
No company can guarantee earnings that are dependent upon many factors. You will know how many hits, unique visits, pages views your casino and poker site receives, who is your best referrer…etc. Some online casinos and multiplayer poker rooms are doing well over $1 million per month in profits. Then they will wire the proceeds of your online casino and poker room to the account which you specify.
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Once your casino, sportsbook or multiplayer poker room website has been designed it is then your responsibility as the online gaming business owner to market the product. Our gaming software provider will produce a detailed monthly accounting report which will include the breakdown of total deposits, withdrawals, operating expenses, and the total payable to the licensee. You can expect to keep between 75% and 90% of the gross monthly deposits.
To legally operate online gaming businesses, online casino and poker room owners turn to sovereign governments in countries that permit gambling and duly issue licenses for gambling operations. However, our gaming software provider will provide you with a step-by-step, proven internet marketing plan to ensure your own online gaming business is profitable. . With your user name and password, you can log into your casino/poker site and check the daily, monthly or yearly monetary stats as well as customer info. Take your share of the Multibillion dollar online gaming industry today!
Multiplayer Online Poker – The profits of the online poker industry is enormous! The amount gambled on poker websites around the world in year 2005 is estimated to be more than S60 billion! Around 1.5 million people play poker online regularly for real money and the number is growing by 100,000 a month. These stats are flexible and can be broken down into how much was wagered on a certain game, amount won or lost by a certain player, percentage at which the game has paid out…etc. The casinos and poker rooms are registered as offshore gambling operations and in turn, the respective countries gain significant licensing fees and tax-generated revenues.
You will also have your own personal tracking software. As Internet use spreads across the globe, online gambling will continue to be one of most profitable business opportunities of the 21st century. This very detailed software will list all the websites or referrers which people are using to find your own casino and poker website. Your online casino and multiplayer poker site can generate revenue for you 24-hours a day, 365 days a year. You will also know which keywords are being used to find your online casino and poker room in the search engines as well as the amount of traffic from different countries.
Online Casino – A $1,200 per day win for the house could represent as few as 24 people playing in your own online casino!
You will also have 24 hour access to the backend of your own online casino and multiplayer poker gaming site. Poker websites make their money by collecting a “rake” from each pot, usually 1%-3% of the cash in that pot.
As an Internet casino and poker room franchisee you could generate millions of dollars within the first few years in business. Marketing is the key to your business success
Try to lean for a more conservative price per head operation …they understand that this market is not one you want to lead a head on battle with. Service / Offerings: Most turnkey sportsbooks now are open 24-hours a day, 7-days a week, 365-days a year. The bookmaking agent and their players (package) receive abundant benefits from the Price Per Head Agent Solution
2. Some onshore bookmakers have foreigners as part of their package and as additional service this book offers staff who can accommodate your players. If there is so much as an inkling of an idea that your business is being compromised, BAIL OUT!. Check Internet Casino and sportsbook blacklists, there are hundreds of posting forums and Blogs out there with VERY useful information on the offshore gaming and casino industry. They don’t treat your bookmaking business with the same respect as you do. Go for the safe way…they are out there and when you do find a good price per head turnkey service stick to it like a bad habbit, you and your business will grow rather, when a company is tied to a loser post-up sportsbook, you know what to expect for your clients.”
The crem de le crem – Walter Fox, Full time bookie.
The number of Offshore sportsbooks operations that offer this type of development for the “Local bookie” has grown exponentially over the last twelve months with new offers sprouting daily, top of the line turnkey sportsbetting software and more and more handsome offers and promises to be the best. David Brunner. You should have full trust in the one you are dealing with. Avoid new sportsbooks. Don’t let your self be led by the next Tom, Dick or Harry that crosses the street saying that he came up with the Price per Head concept. Years In Business: As you should always do when you are dealing with either your own clientle or your money (which is usually one and the same) make sure that the Company you choose for your PPH Provider has been around for at least 6 years…with a proven track record in the online gaming industry; needless to say. These marketing tricks may work for the weak at mind and bring you more evil than good. They will give you the availability to grow…YOU have the edge. It is keeping your players satisfied. (they actually get time to enjoy the money they are earning…for those at home). There are several ways to run checks on the Offshore Sportsbooks and offshore per head services at hand. Troy, CA, Agent holding 798 players, been in business for 13 years : “I have been around for some time.
Well my little grass hopper…allow me to shed some light upon thee..
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The Real Deal:. They can barely understand them. The only money that trades hands is the money between the agent or bookmaker and the Price Per Head software provider . As an offshore sportsbetting business grows..the big men behind it all become greedy. There are tons of perfect examples out there, the companies you hear the most about, yes children, those were sold out, bought out, and merged. Not all is good and true . The gambling agent or bookmaker then pulls reports at the end of the week, and pays or collects what the client won or lost. With so many choices, the mother of questions is: “How do I know which Price Per Head provider or sports book to choose?” “Where do I go?”
(i) improved earning potential for the agent, (ii) decreased legal exposure for the bookmaking agent, (iii) increased customer service for the gambling agent’s clients, and (iv) ability for the agent to do something other than answer wagering calls AND having to deal with figures AND trying to increase his business without having time to sit back on the pool deck with a cocktail in one hand and a cigar on the other. If you plan on going for the publicly traded bookmaking services offshore chances are you and your players information will be handled by more than one hand….and eventually will fall into the wrong pair of hands. Big is never good. If their Integrity is at question, you can assume your data will be passed on to the wrong people.
Price Per Head Bookmaking for Dummies
When evaluating an offshore turnkey sportbook operations , it is often difficult to actually see facts through fiction, for this reason, you must rely on the following to make a sound choice:
Bookmaking for Dummies with the Price Per Head system
by: Andy Vecchio
The who is who in the business – Jake Wesson, Floor Manager for BetEZ.com: “This isn’t rocket science…My business goes to the one who offers more options for me and my players.
From the dawning of legal offshore gambling, came the Price per head concept …and no..it is not a cattle weight conversion project to get more dough out of your beef.
This is a win win situation for all parties involved. Their own book??? Yes…their own offshore sportsbook…that’s right boys and girls…there are these so called watchdog or betting organizations which where created and owned by the same sportsbooks and casinos they so gleefully refer and endorse.
. But times have changed and its easy to spot a fly by night betting offshore operation with a wishy washy service…they rarely last through the 1st season.
About The Author
Andy Vecchio is a proffesional bookmaker that has been in business successfully for many years. The PPH concept has been there since the beginning of time. You should consider the service mentioned above to be the minimum acceptable. It is called a Price Per Head service fee also known as PPH fee. They often will see you and your players as just another account number….another onshore bookie out of the pile. The more accessible the service is and the more wagering options that exist, the more money the betting agent will make. We see them all time. Yet as mentioned before…be carefull. Your business should not be compromised by the sportsbook solution you choose. You are looking for a price per head turnkey solution to better service your clients – therefore service is one of the key deciding factors on who to go with.
3. Currently has 3 packages, over 1250 players. I know for a fact that my players remain with me out of the relationship I have built with them. If not they will remain open untill the last game of the day goes off the board. Time in business is a must. Where as a conservative price per head bookmaking operation…you see them, they go from season to season…and their quality of service never diminishes, their packages, their fees, their staffing….they remain the best in the industry…consider it as a family business..and you are part of that family. Proven track record does not necessarily mean a flashy logo of some 2 wit “watchdog organization”. They respect your work and your business and treat you with the professionalism you and your players deserve and expect. Integrity within the company you choose should never be left second hand. On the same note neither you nor your players should have to go through an intensive language comprehension course for foreigners. Always consider that if the company you are considering is publicly held, as is the case with most large Sportsbooks, then your security is compromised (it CAN BE accessed via the government). Location: This should be the first thing you do…Make sure that the PPH provider you choose is Legally Licensed and Bonded in the Country it claims to be in. Period!
1. I have learned through painful experience that a big over-rated online sports book and casino service is not necessarily a good thing or a good place to put your moneys worth. Do your homework…a nice gold seal of approval from the somethingnot betting association of never never land is not necessarily a company touched by God.”
Gambling agents that come to us and choose our per head turnkey services for their customers complain that X book has the worst english speaking clerks. Google the Company in question. I insist that every person I hire for my staff must be 100% fluent in English. Security: This is a MUST (needless to say) Your assets and your players should have the necessary security to continue doing business. Customer service is also a top prioirity for me. Reputable price per head sportsbooks will offer quarter lines, half time lines, game lines, money lines, propositions, multiple casinos, horse betting, and more. The staffing changes, policies change, Prices on fees or any special treatment that you may have had where thrown out the window…they threw a monkey wrench in your whole operation and your players are stuck in the middle of this whole mess. You should be able to understand the staff. I see it time and time again. The trick to a turnkey sportsbetting business is not the fee you pay.
6. Size of the agent credit sportsbook and their reputation is always good…but not a must. Their staff should be FLUENT in english. They tend to grow and grow…and at just the right time…sell out. He has now outsourced 70% of his business to an offshore price per head sports betting provider www.bookoldschool.com For more information on a price per head system please visit: http://www.offshorebook.net.
This article was posted on January 17, 2006
The offshore online gambling industry now a days has grown to such proportions that its not like the old days where you saw small tiny offshore sports betting books sprouting like weeds in a garden left and right. They trust me, hence they trust where I lead my onshore gambling business and they WILL follow. Back then you had to be careful where you went because there was no telling what would happen to you and your players. There are some verifiable and known sources: The Prescription, Bettors World, etc. Believe me there are more than one of those out there endorsing their own book.
Price Per Head Agent Solution or Outsourcing Bookmaking to an Offshore Sportsbook by using online sportsbook software and technology provided by this type of companies, allows agents – credit bookmakers to outsource the writing of their business to sportsbooks or companies such as www.OldSchoolBookie.com (Contact them at 800-382-2825). The right to remain Silent – : Sammy Valeski, onshore bookmaker, 38 years in the buisiness: Security is Number ONE issue. Reputation/Integrity: DO YOUR HOMEWORK….we are talking about YOUR business here = your money. You are moving your business off shore for convenience and lets face it….for protection. Patterson, NJ: “One of the hardest things to find when you are outsorcing your bookmaking business is someone who treats your business as their own. the betting agent simply points their clients to a phone number and/or website and allows them to place their sports wagers online with a simple Pin/Password system that is either chosen or provided to by the sportsbook. How simple is it? Very… But as an internet gambling business changes from hand to hand so does the way it is managed. They see you as another market, another onshore betting agent they need to lure and conquer and will try to take your players and flush you out. This is very common particularly in the sportsbetting offshore industry …companies being bought out by other companies which in return are bought out by yet another larger firm…and so forth down the line…its the Circle of life in the Corporate world. I can never stress this enough…don’t believe everything you see (or read for that matter). Avoid excuberant bonus promises for your players and ridiculous promotions which you nor your players don’t really need. You must not afford to risk your clients or your sports season to a fly by night operator or ‘wanna be’ operator. You may have the best english speaking clerks in the business, but if your players are getting shunned out from the customer service portion, its time for you to take your package and go elsewhere. They will have internet access for your players and alternate back up sites for emergencies or problems on the main site. An exceptionally reputable book offshore will look to accommodate your players by offering to actually hire personnel for your players language needs as is the case with OldSchool Bookie (www.oldschoolbookie.com) .
5. An offshore Book that is offering you a PPH option must have safeguards and must keep your information and clients secure and anonymous
For most jobs on an oil rig, university degrees are useless pieces of paper.
Even without experience, getting offshore oil rig jobs is easier than getting a job as a rocket scientist. Work hard and smart for one to two years, and you could be promoted to a roughneck. Offshore oil rigs legally count as ships at sea, so you’ll want to find out how the different laws affect you. The different requirements are not just across countries, but also across US state boundaries and Canadian provincial boundaries.. You will also get the chance to help the derrickhands and drillers, giving you the experience to be promoted to a driller yourself.
Remember to read up a little bit on maritime law. Large oil companies like Exxon spend $79 million everyday looking for new oil fields. You’ll be doing more of the same physical work, but you will also lead a team of roustabouts. In this line of work, you want to look for entry level roustabout jobs. Don’t forget to check with a good tax lawyer – at one point of time, there were very good tax incentives for people taking up offshore jobs. Good cooks and medics are two other entry level positions always welcome on an oil rig.
You can still find offshore oil rig jobs even in the middle of this recession. Worldwide, $400 billion will be spent in 2009 looking for more oil… You will be doing a lot of hard, dirty work and heavy lifting. A certified welder could make $60,000 working on an offshore oil rig. Even though the Department of Labor will call you a general laborer, you’ll be earning somewhere around $45,000 a year, better than some white collar jobs.
Unlike most physical jobs, you actually have a pretty good career path. Even though OPEC is complaining that oil at $40/barrel is too cheap. This could get you highly paid jobs in the electrical department or motor room. Depending on where the oil rig is located, you may need vaccinations, first aid certifications, offshore survival certifications, firefighting certifications and helicopter underwater escape training certifications. Instead, go for a certified trade like an electrician or mechanic. Offshore drilling companies like Transocean are still deploying new oil rigs and hiring workers
Since sports gambling is currently something that happens in the shadows, problem gamblers are likely to hide in that shadow until it is too late.
While it seems that the question of legalizing sports betting presently is more of an if than a when, there remains a great deal of uncertainty regarding what it would look like. There are going to be a lot of hands in the cookie jar. Those who believe that legalized sports betting will lead to more risk of game fixing simply don’t understand why games are fixed. This credit relationship will be hard for many gamblers to give up.
“One of the things that makes sports betting so interesting is that it is probably by far the most widely participated in form of illegal gambling. The U.S. In addition, asking for a percentage based on the overall handle (total amount wagered) will cut into the margin of the sports books too significantly.
Those betting with bookies have predetermined settlement terms. This is not how most bookies work. This year, it is on pace to welcome a record 40 million visitors. But let’s say I have a bad losing streak and end up down more than $1,000. Maybe more so.
The real value for them will be potential marketing dollars and increased fan engagement, not licensing fees for data or direct revenue from wagering.
Myth No. First off, the government will only legalize if it is going to get significant revenue. It’s a pretty reasonable assumption that it’s easier to fix a game in an environment where most of the money wagered is impossible to discover or track by the government. operation for the U.K. District Court Judge Mary Ann Medler ruled in favor of CBC, stating that “statistics are part of the public domain and can be used at no cost by fantasy companies.” One would infer that the same would apply to legal bookmaking operations.
Until many of these questions are answered, it will be difficult to draw any hard conclusions about the ramifications of legalized sports gambling in the U.S. Concerts, shows, high-end nightclubs and restaurants draw people to Vegas as much as the gambling does. How will it be regulated? How involved will the government be? Will it be federal enforcement or on a state level?
When I think about the best way to legalize sports gambling from a logistical standpoint, I get a headache.
At any rate, I really don’t see legalized sports betting in other states having a big impact on the sports betting business in Vegas.
Furthermore, once sports betting becomes legal the negative stigma behind it will eventually disappear, which will make it a bit easier for problem gamblers to ask for help. 4: It will damage the sports betting business in Las Vegas
Myth No. These days, most bookies provide both a phone number and website where bets can be made. Second, operators will need to run a cost-effective business, which may prove difficult if there are a lot of other hands to feed besides the government.
I understand the argument that legalized sports betting could expose more people to gambling and the increased ease and access will create more problem gamblers, but I simply don’t buy it. John McCain (R-Ariz.) also recently said that Congress needs to hold hearings to discuss legalizing sports betting.
Myth No. In the past two decades, although total revenue has risen, percentage of revenue from gambling has decreased from close to 60 percent to last year’s 38 percent. Some are based on a time frame, while others are based on going over agreed-upon limits. Illegal gambling is one of the factors that’s associated with gambling addiction,” Keith S. Whyte, executive director of the NCPG, told my ESPN colleague David Purdum.
Silver echoed this sentiment when discussing his personal revelation in an exclusive interview with ESPN. Illegal sports betting has some characteristics that can lead to problem gambling more than legal betting would.
The topic of federal legalization of sports betting has been brought up before, but it has gained steam since Adam Silver’s November New York Times op-ed and after Silver’s cover story in ESPN The Magazine’s Gambling Issue. 2: It will create more “problem gamblers”
The National Council on Problem Gamblers has found that problem gamblers are most often involved in illegal gambling, so moving toward a model where more gamblers are doing it legally can only help.
Since bookies will not have to pay taxes or licensing fees, they will be able to offer better margins or incentives to their customers. “But for the FBI knocking on our door and notifying us about Donaghy’s betting, none of the systems that we then had in place had captured any betting by Tim Donaghy.”
This is the easiest myth to dispel. In fact, there’s an argument that exposing more people to sports gambling in their native states will make the general concept of sports gambling more approachable, ultimately leading to a larger overall percentage of sports fans-turned-gamblers.
My answer is a solid maybe. If something shady were to occur in a game around a betting proposition, raised awareness by the public about gambling in general would help highlight any improprieties before, during and after the match.
In the most relevant case, CBC, the parent company of CDM Sports, a fantasy provider, sued MLBAM after being denied a new fantasy sports license. U.S. 1: It will result in large revenue for the leagues
The thought process here is that with legalized sports betting available locally, there will be less interest in making the trek to Sin City to wager on sports. In addition, customers are far more inclined to place a wager when they don’t have to put any money down.
Mr. The experience of going to Vegas is becoming less and less about putting down a sports bet and more and more about the experience of everything else. In the latter case, I set up a credit arrangement with Illegal Book B and we agree that I will pay every time I go over $1,000. In order to grow the pie large enough, these conveniences must be provided to gamblers. Many bookies will allow me to get more credit and continue to gamble. Yes, trademark images and logos would be a different story, so I could see the leagues getting marketing deals, but I don’t see that as a huge windfall for the leagues.
And I have heard some mention licensing fees for data, but haven’t we already covered that in lawsuits against both the NBA and Major League Baseball Advanced Media (MLBAM)? In both cases, statistics and data were ruled to be public, not a private asset for which the leagues could charge a license fee.
Here’s an example.
Myth No. “The Donaghy controversy also made me aware how important it is that we have a way of monitoring irregular activity on our games,” Silver said. (It’s common for bookies to offer rebates to their big customers.) This will be difficult for legal bookmakers to compete with.
I see the same trend happening if sports betting gets legalized in the U.S. 3: It will put local illegal bookies out of business
Once games happen, the stats are public domain. Are fewer people gambling because they can do it in their home state?
Those who believe this simply don’t understand how sports betting with a bookie works. If it’s legalized, there will be huge changes, but some assumptions are simply off.
In addition, game fixing would be easier in a world where fewer people track or are even aware of things like point spreads and over/under bets. I will likely have to put money on deposit to do so. bookmaking powerhouse William Hill has already set up an operation in New Jersey, and MGM CEO Jim Murren has said his company is interested in expansion.
Here are the top five myths about legalizing sports betting and why they’re wrong:
Myth No. Vegas has had to reinvent itself as a place that is about more than just gambling. Say I set up an account with Legal Sportsbook A. When I lose this money, it’s gone, and I can’t bet until I put more money on deposit. I am concerned that the overall pie, even with online gambling, may not be large enough for the leagues to make the money they are hoping for.. Sen. This is the type of financial recklessness associated with problem gambling.
There are a lot of unanswered questions regarding legalization of sports gambling in the U.S., and it will be fascinating to watch how it unfolds in the next few years. Legalized sports betting would elevate these now somewhat esoteric notions into the mainstream conversation about sports. This mirrors a similar concern that some had 25 years ago when Indian and commercial casinos began sprouting up all over the U.S.
There is simply no way the leagues could ask for a percentage piece of gambling revenue, as this would result in a huge conflict of interest. There are no credit checks or margin calls until it is time for me to pay. Purdum, an expert on the subject, has been vocal in his belief that online sports gambling will need to be a big part of the new legalization plan, and I share his belief, as betting on a phone and computer is simply much more convenient than driving to a brick-and-mortar sports book and making a wager. The two biggest reasons people bet with bookies (beyond the lack of alternatives) are the convenience and the line of credit. However, there are certainly some myths that I believe can be dispelled.
Las Vegas sports book operators are already looking to expand to other states. 5: It will create greater risk for game fixing
In that time span, we all know that Vegas has flourished