The Ethics Behind the Pay Per Head Bookie Business

Written by:
Published on:

History has it that sports betting has had a bad reputation. While there is some truth in that statement, there is no harm is saying that modern online wagering methods such as pay per head sports betting have brought a degree of sanity in the game that has been marred by negative sentiments.

Modern bookies strive to gain their clients’ approval by providing the most accurate information on their sites as opposed to perhaps what traditional casino resorts would do in the past.

Besides, today, many people have been enlightened on their rights when taking part on any online sports betting endeavor.

In order to maintain high moral standards in the price per head business, there are a few ethical issues you must observe if you want to stand out in your pay per head business. These are not alien doctrines but what you could like to be done to you.

Pay Your Clients

Yes, it is important to payout those clients that have won via your platform. That is exactly what you would like if by chance you played a jackpot and won.

Payout must always be prompt just as you would like players to make the necessary payment before they start to play whatever game they have chosen.

Regarding payments, it is imperative to know that many disloyal bookies have been kicked out of the pay per head business because they lacked the ethical requirement of paying out clients who have met the threshold.

Do Not Lie To Your Clients

This is another area where some bookies have fallen prey to greed. Nobody can aptly say that they have never heard of incidents where a gamer won a million dollar jackpot but when they went to checkout their payment, the management turned them down saying the slot machine was faulty.

It might not always happen on jackpots but these things are rampant in some casino resorts.

When the management does so, it is liable of putting the faulty machine in the public gambling space thus conning people their money. That is completely unethical.

If your pay per head software starts to record funny figures or when clients complain of inefficiency, it is time to change the PPH.

That is the right thing to do.

Take The Right 'Juice’

In any business, those who set exorbitant prices usually do not find many customers. It only happens if the product or service is exceptionally unique.

Unfortunately, in online bookie business, there is nothing new but the same things offered differently.

It is wise to take a fare share of 'vig’ while you leave the rest to your client. It is a 50/50 business. Ten percent juice isn’t really bad on every bet. After all, you gain a lot.

Business/Financial News

Bitcoin Hits One-Week Low as Rising U.S. Yields Dent Rally

Bitcoin Hits One-Week Low as Rising U.S. Yields Dent Rally

Cryptocurrencies plunged on Monday, with bitcoin dropping more than 12% to a one-week low

Bitcoin Hits $38,000 for First Time, Pushing Cryptocurrency Market Value Past $1 Trillion

Bitcoin Hits $40,000 for First Time, Pushing Cryptocurrency Market Value Past $1 Trillion

Bitcoin smashed through $38,000 to hit a new record high on Thursday as the cryptocurrency’s massive rally continues, then the $39,000 mark just prior to 11 am ET, and by afternoon the price peaked at $40376.

PayPal Backs Crypto Tax Startup Taxbit

PayPal Backs Crypto Tax Startup Taxbit

PayPal Holdings Inc’s venture arm has made an investment in Salt Lake City, Utah-based tech startup Taxbit, which helps consumers and businesses calculate the taxes owed on cryptocurrency holdings, the companies said on Thursday.

Bitcoin Crosses $30K Mark First Time Ever

Bitcoin Crosses $30K Mark First Time Ever

Digital currency Bitcoin extended its record smashing rally on Saturday, beginning the year with a surge over $30,000 for the first time, with ever more traders and investors betting that it is on its way to becoming a mainstream payment method.

Bitcoin Climbs Over $29K

Bitcoin Climbs Over $29K

Bitcoin, the digital currency preferred by online gambling sites in restrictive markets, has shot to 29,230.10 Wednesday evening.