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Common Bookmaking Mistakes You Need to Avoid

Written by:
C Costigan
Published on:
Mar/31/2020

So, you've managed to start a successful career as a bookmaker.

While bookmakers can make great money if they're smart, they can also end up losing everything if they're not. Bookmaking requires you to be on your toes, discreet, and a good judge of character.

If you're a bookie, you're going to want to be aware of some of the most common mistakes that are made in your job.

Keep reading to learn about mistakes in bookmaking!

The Worst Mistakes to Make in Bookmaking

You were able to gain wealth by being smart and careful if you're a successful bookmaker.

Unfortunately, many bookmakers get a little too cocky, or a little too comfortable. As a result, they make some major mistakes that cost them everything.

So, what are the most common mistakes to make as a bookie?

Choosing Bad Customers

When you choose your players as a bookmaker, you'll want to make sure that you choose players who will pay.

If your player has a history of debt or doesn't seem to have much extra money, you should look elsewhere. Choosing a customer with a history of being stingy with paying back money is a sure way to lose money.

To choose the best customers, keep an eye on things that signify wealth. For example, if your customer dresses nicely and drives a nice car, they probably have some money.

Look into your customer's history to make sure they don't have any charges for fraud, robbery, or other money-related histories.

Getting Greedy

One of the worst mistakes you can make in bookmaking is getting greedy.

If you have a customer that owes you a couple of hundred dollars, it isn't worth losing your entire business over. Part of being a bookmaker means you'll run into people who don't live up to their word. As frustrating as this can be, sometimes you need to move on and focus on your business.

In the future, be more careful when choosing customers to avoid this mistake.

Being Careless

Being a bookie agent automatically puts a target on your back.

Keeping all your cash and work supplies on you is a sure-fire way to draw attention from the cops. Stay secretive and take special care of where you keep your things.

If the people around you know what kind of money you have, there are going to be tons of people that you can't trust. So, don't keep all your money on you at once. If you're going out for a good time, don't trust your drinks near anyone else, and don't blackout.

This is one of the easiest ways to get robbed.

Be Smart and Avoid Making Obvious Mistakes

If you're on the road to being a successful bookmaker, don't let dumb mistakes get in your way.

Bookmaking is a pretty risky, but high-paying job if you play your cards right. With the right strategy, you can have the wealth you've always wanted.

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