Millennials Are Becoming Bookies
With a tough job market in many cities and most available jobs being low paying, millennials have been increasingly starting online businesses to either work on full-time or to make ends meet.
The majority of those people will start a blog or work in the freelance industry, as a writer, developer or any other online job. Why not take a leap and start a business that could make you rich.
A new business trend for millennials is to start a bookie.. While sports betting used to be more taboo, legal sports betting has swept the USA and many other countries around the world.
You now see tons of sports betting information on mainstream websites such as ESPN. Millennials are constantly online and now many of us are consuming sports betting content regularly.
Recent studies have shown that about 44% of sports bettors are currently millennials. That number is expected to rise now that sports betting content is regularly consumed online and on TV.
While betting on sports is exciting and fun, it’s extremely tough to make consistent profits. However, as a bookie, you’ll be the one accepting bets with a built-in house edge (vig).
If your friends are already interested in sports betting, it makes becoming a bookie even easier. The majority of bookies first clients are family/friends that enjoy betting on sports.
As a millennial, you can relate to other millennials better than an old school bookie. You’ll be able to market your bookie locally to other millennials through your friends, colleges/universities and bars.
How to Start A Bookie
It’s actually a lot easier to start a bookie than most assume. I’ll briefly list the steps below, but you should read our other guides on the topic to get more in-depth information on launching a bookie.
- Find a PPH Service: The first step once you’re ready to start a bookie is to find a PPH service that you want to join, as they provide the software and betting odds to run your bookie.
- Set-up a Website: Most PPH shops will set-up and host a custom website for you for free. It’s better to have your own domain (URL), as it makes promoting your bookie much easier.
- Grow Your Player List: You need as many people betting with your sportsbook as possible and you should always be working on growing your player list locally and online.
- Have Funding: Launching a bookie is inexpensive and most PPH services offer a free trial to start. However, you need a bankroll to payout any winners. Some weeks the winners will win more than the losers and you’ll need to come out of pocket, so make sure you have cash.
If you’re looking for a business to start with unlimited growth potential, starting a bookie is a great option, especially with more millennials betting on sports than ever before.
We can help you through the entire process. We’ll even set you up with a free trial so that you can start earning money immediately as long as you have people looking to bet.
Learn more about PPH:
- Take advantage of the Dynamic Live Wagering Platform
- How to create a custom website for Pay Per Head
- What to consider when adjusting your own odds