An Introduction on How Pay Per Head Works

The most successful of bookies will tell you that the best way to earn from sports betting is by running an efficient sportsbook. Ideally, the number of players you have will give you more profit. The problem lies in managing these players and their bets since you need to work on managing your players, their wagers, and the money that goes into their accounts.

And one player does not necessarily make one bet at a time on a single day. If you are a lucky and good enough bookie, you will have players who will place multiple bets on different games from different sports, different leagues, and even different countries. Multiply that with your number of players, and you will soon be overwhelmed with the list of things you have to do, and that load can get heavier if your players will be needing help or assistance figuring things out.

Betting Tips for the NBA

While we wait for LeBron James to announce where he is going (or if he is staying), we can take the small break between seasons to study the strategies needed to earn money in the NBA. First and foremost is figuring out the value bets for the NBA. Your value bet is a bet you make where you think the outcome is greater than the probability in the odds you have available to you. For instance, a game between the Lakers and the Rockets are offering 3.20 for the Lakers to win. This means there is a 31.25% more or less chance that the Lakers will win. If you believe that the chances of the Lakers to win the game against the Rockets are more than 31.25%, then the 3.20 odds are a value bet.

This is not a foolproof way to win every single game in a given NBA Season, of course. There is no secret strategy that will give you 70% and higher on your strike rate for your bets. So you rely on the value bets, your instinct, common sense, and your knowledge about the NBA.

Betting Tips for Formula 1 Racing

Formula 1 racing is the most popular among motorsports racing, as it enjoys a worldwide following. It is also one of the more popular betting options. Formula 1 betting is not as complicated as other sports since you have a more consistent lineup of racers and teams. But it doesn't make it easier. Let's go through the basics of Formula 1 racing schedules and bets to get a better understanding of how you can win money from betting or earn money from being a bookie through a sportsbook pay per head service. 

Grand Prix events for the Formula 1 are held every 1-3 weeks spread over the season and the bets on these events are fairly straightforward: who will the winner be? The Formula 1 betting options will mostly show a favorite driver with -150 to win, meaning you will bet $100 to win $100. Bets for other drivers in the race can be something like +200, meaning you bet $100 to win $200. There are even cases where underdogs can get really big odds like a few thousand to 1.