Making money while studying is a challenging experience for many students, but if you choose to become a bookie, you can access the tools you need to generate the income you desire.
Finding out how you can become a bookie in college is extremely beneficial. You will not be concerned about where you can find more money to pay for your higher education or college undertakings.
Apart from that, you will also make lots of extra cash to spend on stuff you require or desire, or even financially support your family.
So, if all this sounds enticing, keep reading below to learn how to become a bookie while you are studying in college!
How To Become A College Bookie: From Betting To Booking
You might have been a bettor at some period of your life. Making the transition from betting to booking bets is the smartest choice you can make as a university student.
You will not only become a self-sufficient student but also a businessperson, making a good living. So, why not begin learning how to be a bookie in college and reify your dreams?
Instead of placing bets on your favorite football team or golfers, you’ll be inviting other college kids to do so too, although what you will be promoting this time will be your betting website.
Your task as a bookie will be to accept money betting, pay the eventual winner, and, most importantly, collect money, and the more players you have in your betting portfolio, the better is for you to make easy money.
The reason for this is that this is a business where certain people will stay for the long run while others will only bet occasionally. Therefore, your primary responsibility will be to bring in new clientele.
After that, you can provide your fresh clients with a pseudonym and passcode, allowing them to bet via the internet or by telephone using your pay-per-head options.
This implies you won’t ever be required to handle a single bet yourself if you start a sports gambling enterprise, which is beneficial for all parties.
You must also understand that the economic result of sports betting is lucrative, especially in comparison to making bets, where most bettors rely on nothing but possibilities.
Learn About And Understand How PPC Works
To begin with, if you want to learn how to become a bookie while you are studying in college, you need to know about the Pay Per Head tools that you and your bettors will be using. Those are:
A Software For Online Sports Betting
The very first provider we’ll cover is the sports betting software you’ll use to keep track of all the bets and transactions taking place.
This is a fantastic system that monitors updates on your clients’ new and old activity, with the best part being that all the information you see on your tab is live!
This implies that all information is current, and this is precisely what you need to maintain an advantage over your clientele.
In addition, you will receive reports on sneaky behavior, which is great as you will be notified if someone takes unwelcome action.
With this information, you can stick with those players who are financially beneficial for your company and get rid of the rest.
This tool has the benefit of not requiring any downloads, thus the only thing you must have is a mobile phone, tablet, or laptop with internet connectivity to handle your company like a champ!
And, after signing up with the best pay-per-head online shop, you will get to professionally use this software right away because no skills or training is needed to do so.
A Website Dedicated To Sports Bets And Games
Following that, you need to look at the online site your customers will use for betting.
Whenever a new customer comes to your company, all you have to do is generate a username and password for them, and they can then use that information to log into their Pay Per Head account and start betting.
Once you register at the PPH Shop, your customers will then only be able to access that website’s wagering section.
You will be required to pay an additional fee in order for them to get access to the virtual casino space, but the cost is well worth it.
And the rationale behind this is that counting with this betting option allows you to easily grow your income.
You can thus operate with the basic Pay Per Head official site, which your clients will share with bettors from other bookies.
This is a decent alternative for small businesses, and yet if you wish to grow your company to the greatest extent possible, you can purchase a customized website that is only accessible to your own bettors.
All you have to do to obtain this website is pay a one-time fee. After that, you will be able to tweak the website and add your preferred name and layout.
Access To The Call Center
Once you become a bookie, you will also get your personal toll-free number that you can share with your clientele.
They can use this number to contact you, while you can also receive the services of multilingual, competent clerks, to handle multilingual clients.
Secure Some Funds To Start Your Bookie Business
At the beginning of your bookie journey, you will have to reimburse winners with your own money, so you’ll clearly need startup financing.
But what can you do if you don’t have enough money of your own? Luckily, there are many things you can do to start as soon as possible, and must make sure you always make a good impression, which is essential for new clients to trust you and use your services.
Here are some ways to get things going:
Find A Temporary Job To Make Some Money
If you have some funds of your own but need a bit more to start working as a bookie, you can find a temporary job that pays good cash or work a few more hours to make enough money.
Depending on how much money you need, this could be a month’s work or one that takes a bit longer but rest assured that you will be compensated for those hours spent working once you start making some quite passive income as a bookie.
Ask A Friend Or Relative To Lend You Money
You might also want to consider reaching out to a friend or family member and asking them to lend you some money to start your business.
Of course, you will have to repay them once you start making money, but if you are close with them and have built trust and a strong bond between you, we are certain they won’t have a problem waiting.
Not only that but they might also be happy to know they have contributed to your journey of becoming a successful bookie and be glad to know they have helped you make money you can then use to further your education or make any of your dreams come true.
Moreover, if you want to help your family with paying the bills, you can convince them that this investment is worth it and let them know that you are determined to make this work so that they can give you the money you need.
You can repay them afterward by taking care of them and paying those bills.
Find An Investor Or Partner
Finally, you can find an investor who will provide you with the funds you require in return for a one-off or recurring profit.
There are various types of venture capitalists out there today. Some others simply want to see some extra income, while others will seek to get shares in your company.
This suggests you could find yourself collaborating with a partner investor, who will have a say and be more active in your company.
This could be a positive thing as it would probably mean you wouldn’t need to make all of the decisions and bear all of the risks alone.
The Bottom Line
Now that you have gained some useful information on how to become a bookie while you are in college and gain financial independence without having to rely on your parents, take some action and start working towards becoming one!
You May Also Like: