What’s the difference between a bookie and an agent?
The agent doesn’t own the book, they are the trustee between the bookie and the player. An agent or an online gambling agent (agen judi online) works off commission. The most standard setups is based off on the percentage of loss.
An agent books a client. Week 1, the client loses a thousand dollars. The agent has a 30% commission. the agent pockets 300, the house takes 700. Week 2, the client wins a thousand dollars. This is the agent advantage. The bookie pays the entire thousand dollars, the agent doesn’t dole anything from his pocket. But the agent now holds a red figure of a thousand dollars. The agent now needs to make a $1000 back for the book before they can once again start earning their 30% commission.
How To Become A Bookie
Skills You Need To Become A Successful Bookie
The false impression that betting is a business where non-schooled tugs flourish is an idea that must go away from many people’s thoughts. Let’s remember that sports betting in the USA in recent years had been approximated at around $150 billion dollars, many of which originated from overseas providers. With these numbers, rest assured, dummies would not make it into this industry. Should you be thinking about how to be a bookie agent, in that case you definitely have found the best place.
If you are eyeing to become one of the great bookies in the sports betting industry, you will need to have the right set of skills. This business is not for the dummies so you will need to have some basic understanding and the right skill set. So below are the skills required.
- Basic Math Skills – No, you don’t have to be a mathematician or a math wizard. However, you will need to have an understanding of the probabilities. After all, sports betting is comprised of numbers and probabilities and that you must be able to have understanding of the basics in order to be successful in this arena.
- Basic Business Administration – A lot will be going on when running a business like this. An essential aspect of this kind of business is time management. Prioritization is the key to manage tasks that give more value to your services. You likewise have to have basic accounting skills. While accounting could be challenging, this has become easier because of the new technologies purposely designed for sports betting. This provides awesome reports and effectively cuts down work time by at least two thirds.
- Sports Betting – This should not be a surprise. In order to succeed in this business, you will need to have an interest in the sports betting business. Being a bookie will require you to know who the best players are and who are the new faces in the sports business. While it’s not necessary to be an active wager, you will still need to understand how gamblers think.
- Sales – Much like any other business, you will have to have good selling skills because you will need to sell yourself and the service you provide. A crucial factor to become successful in this business is to acquire and retain a good set of the customer base. Therefore you will have to become an outstanding salesperson and at the same time become great in customer service.
Now just like anything else in life, there are good books and there are bad books. There are good agents and there are bad agents. Nothing is really created equal. If you want to succeed, you will need to have a great team too and this team will be your set of agents who will help you become successful in every sports betting event.