How do you Become a Licensed Bookie?

Written by:
C Costigan
Published on:

Now that each state in the United States sets the rules on the legality of bookmaking, it is becoming legal in more and more states, and will probably be legal in every state in the next 5 to 10 years. Since each state has their own specific rules and laws on gambling and being a licensed bookie, the first thing to do is see what the current rules are in your state.

The best way to go about that is speaking to your local attorney so they can provide the most accurate rules and regulations since these are constantly changing. For example it just became legal to gamble in the state of New York. So now anyone in New York can just speak to their local attorney and see what they would specifically need in terms of licensing to be a bookie.

Utilizing Pay Per Head to be a Bookie

Depending on what the specific rules are in terms of becoming a licensed bookie, you could use a pay per head company to set up your new sports booking business. These services provide a turnkey solution sportsbook website, with thousands of betting options and lines and odds that update up to the second and are managed 24/7 directly by the per head provider. They grade all wagers as soon as each game concludes and then all balances into each player’s and agent’s account are automatically updated with the current figure.

They handle all the bookmaking aspects and have years of experience doing this, so you have a built in team of customer service representatives that can assist you with any questions you might have in terms of betting rules, player analysis, advice on how to manage your book and any other type of question you may have in regards to the business.

Since most people who start their own bookie business may not have that much experience in this business, utilizing a pay per head company allows you to get the help you need, and for a fraction of the cost.

Per Head Makes it Affordable for the Local Bookie

The cost of using a pay per head company is extremely small and affordable for just about anyone to start. The average cost that is charged by these providers is around $10 per active player per week, and that is only charged if the player has a graded wager for that week. Then whatever the players win or lose on the website, the bookie would handle the payments directly with his players and keep 100% of the profits from it.

This allows for the overhead cost to be very small since there are no big startup costs such as technology, servers, work force, office space, lines team and other expensive components of running a sportsbook website.

So as long as you are located in a place where it is legal to book action, then you can use a pay per head service as the backbone of your sportsbook business, and let them work for you.

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