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Is Gambling a Good Business Venture

Written by:
C Costigan
Published on:
Aug/28/2020

Gambling is a great business venture, as long as it is done the correct way. If you are just looking to make wagers on games for yourself, then this would not be the way to make money. Gamblers all lose over the long term, and this can easily be seen by just looking at any casino. Casinos are luxuriously built and often give away tons of free drinks, food, and rooms just to get people to stay and gamble since people will lose a lot more money than they would gambling then if they just spent it on things in the hotel.

With that being said the right way to make gambling a good business venture is to be on the house side, which means being the bookie and booking action for other gamblers. It’s only logical that if gamblers lose, that means whoever is accepting the wagers is the one that is making the money.

However, you don’t need a ton of money or a casino to have a good gambling business venture of your own. Instead, you can utilize one of the many pay per head services that can be found online. These services provide bookies with a fully inclusive sportsbook website where they post thousands of sports betting options each and every day. In addition, they manage all the lines in house and update all lines up to the second 24/7. Also, there is the option for players to bet on a virtual casino that has around 100 different games to choose from and a Racebook to bet on over 70 different horse tracks around the nation.

In addition, the cost of setting up your own sportsbook thru a company such as www.AcePerHead.com is very reasonable and affordable. Ace only charges $10 per active player per week and you only get charged if the player has a graded wager for that week, and that is the only flat fee that is charged. This means there are absolutely no commissions charged on what players lose, and you as the bookie handle all wins and losses directly with your players and get to keep 100% of those loses.

This is what makes gambling such a great business venture when using a pay per head company because you get the experience of a bookmaking company for a minimal flat fee, however, you still get to reap all the rewards by keeping 100% of the loses on your players. Using a pay per head service allows you to have a casino and sportsbook style website without having to invest millions of dollars.

The other important thing to remember is that the more players you have, then the more money you are going to make from booking action. A bookie with 50 players is definitely going to make a lot more money than a bookie with only 2 players. However, there is no limit to how many players you can acquire and is as easy as just reaching out to all family, friends, schoolmates, and coworkers and growing your business from word of mouth. So the reality is there is no limit to how much money you can earn from this gambling venture as long as you keep acquiring more players as time goes by.

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