How Much Profits Can a Gambling Business Make?
Due to the growth of the US gambling market, more and more people are interested in creating a gambling business.
But one of the questions that hammer their head is how much profit can a gambling business generate?
This is a question that is not easy to answer because many variables influence how much a betting business can earn.
Moreover, there are bookies of different sizes and with different objectives. Which makes it difficult to calculate an average of the profits of a betting business.
An Educated Guess
Due to our experience in the industry, we can make an educated guess from the earnings of a betting business with 50 active players per month.
To make our calculation, we will use the following formula:
Winnings = Number of Active Players X Number of Bets Made Per Player X Hold Percentage.
As you can see, the formula considers the hold percentage variable. This is the amount of money the bookie keeps after all bets have been settled. In other words, the juice. Most bookies set a 5% hold percentage.
So, if we assume that players bet $ 5,000 in a month, the formula would be as follows:
Earnings = 50 X $ 5,000 X 5% = $ 12,500
In our example, the bookie makes a monthly profit of $ 12,500.
The Right Tools
To obtain profits like the ones we raised in the previous example and even more, you must have the correct Pay Per Head tools.
To get these tools, you need a good Pay Per Head provider. Since these companies offer a complete set of tools and services that allow anyone to run a betting business.
Moreover, thanks to the Pay Per Head companies, the most successful bookies in the industry have achieved their success.
In fact, a Pay Per Head partner can make or break a betting business. For this reason, bookies should choose their Pay Per Head partner very well.
A Reliable Partner
To find a reliable Pay Per Head partner, it is best to use the best Pay Per Head reviews.
These reviews can be found on sites such as PayPerHeadReviews.com. And allow you to have a general idea of the quality of the products and services of the main Pay Per Head companies in the market.