Don’t forget Your Player’s Limits

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Category: Tutorial

Created: Friday, 16 October 2020 10:43

When learning how to be a bookie, one of the first things you will learn is player management. Its not just as simple as taking bets and paying out money. Managing your players is a combination of customer relations, marketing, and product management. Your players are your customers, so you need to make sure that they are happy. You do this by giving them good odds, a wide array of betting options, and a great sportsbook to bet on.

But more than that, your sportsbook pay per head software has player management tools for you. Naturally, your players all have betting limits. As a bookie, its your call on how much people can bet on your sportsbook. You can set minimum and maximum bet amounts. While a high bet ceiling is good for you, it also increases risk. This is why it’s a careful balance when it comes to setting your players’ limits.

So, assuming you just began to start a bookie business from home, then you are most likely starting off with a uniform betting limit. This means that each player can only bet a maximum set amount per wager. This allows you to control the risk you take for each wager that your players make.

Setting Player Limits

Now, your software can help you change the limits once you feel more comfortable adjusting the limits. If you go to the player management section of your bookie software, you can see the limits that all of your players have. Based on your player activity, you can now adjust your limits.

For instance, one player seems to be very active in placing bets, and has asked you to increase his wager limit. If his activity is good, and he is not losing you any money, then you can adjust your betting limit for that particular player. Player limits are also good for you to control players who tend to get carried away. Some bettors tend to bet more than they can bet. If you allow them to continue to do this, then you may lose them in the long run, not to mention that it would bring into question moral and ethical issues on you indulging someone desperate for a big win, or being addicted to gambling. Controlling the limits allows you to give the player a chance to slow down or back down, at the very least.

In essence, the limits are there to protect your sportsbook, as well as your players. But more than that, it is also a way for you to be able to encourage higher wagers, and a potentially higher profit, from higher-value bets.

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