How Much Money Does a Sportsbook Make

Anyone who has ever placed a bet on sports has asked this question.  How much does a sportsbook make?  It is a common question because when you lose your bet, you are asking yourself how many other people lost their bet.

One of the most common misconceptions about gambling is how much casinos make and how much money bookies earn with every bet.  The truth is that gambling companies only earn a very small fraction of the total amount wagered every year.

However, the more clients a sportsbook has the more money the sports betting operator will make.  It all depends on whether they have good betting odds and how much their players bet every month.

According to most sports betting software companies, a sportsbook will usually have a 5%-7% hold.  This means that for every $100 in bet that is taken, they will make $5-$7.

Of course, on the long run the sportsbook will win as long as they have the bankroll to cover all of the best.  However, the problem they face are the players that go on winning streaks.  When that happens, is it best to keep taking bets from that player or cut their loss and send the player on their way after they pay off their winnings?

We will discuss that in our next blog post.

How does How much a sportsbook make relate to  global savings?  

Easy, the best deal you can make for yourself is to open your own sports betting operation.  Today, you don't need a lot of money to open a sportsbook.  You can start your own sportsbook with a sportsbook pay per head provider with as little as $5 per player.

YOu dont have to do anything except find players and the PPH provider does the rest.  How is that for global savings!

Pay Per Head Service vs Sports Betting Software

So a buddy of mine was asking about a dilemma he is having with the new sportsbook he is starting.  He wants to know whether he should buy a sports betting software which will cost him around $133,000 for a decent one or if he should use a sportsbook pay per head service.

So I told him to break down the pros and cons of each and to make a decision from there.  The pros and cons he came up with were very good so I thought I would share it on my blog.

Pros of  Buying a sports betting software

• Pros - You own the software
• Pros - You can change it however you want
• Pros - Only you and your staff will have access to the data
• Pros - It doesn't matter how many players you have, once the software is ought, you will not pay extra

Cons of  Buying a sports betting software

• Cons - Start up cost are expensive
• Cons - You have to buy or lease the hardware(servers)
• Cons - You have to have a lines manager
• Cons - You will need a staff for maintenance

Pros of Using a Pay Per Head Service

• Pros -You don't have to pay a lot of money up-front
• Pros -  You only pay for your active players
• Pros - You do not have to worry about buying and maintaining the hardware 
• Pros - Lots of gambling options like casinos, poker, live betting

Cons of Using a Pay Per Head Service

• Cons - Once you have a large amount of player the cost becomes more expensive then buying a software
• Cons - Other people have access to your players' information

In the end, my friend decided to use a pay per head sportsbook service to start and once he gets to over 1,000 players he will buy his own sports betting software.

Visiting Dakar and registering for the Dakar, Marathon!

Abibatou

I am currently in Dakar, Senegal on a long term vacation to visit my good friend, Abibatou and thought I would write about this great deal for running a Marathon that ends today.

Today, you can subscribe for the Dakaroise, a 5km marathon for women for FREE at the Université Cheikh-Anta-Diop.  Registration will be located at the entrance of COUD(centre des Oeuvres Universitaires de Dakar).   The Marathon is Friday April 7, 2017. 

I thought I would come here to practice my french and to get reacquainted with old frineds like Abibatou who came to visit me in St Louis as an exchange student a few years ago.

This event is a very important sports event for the Senegal as it is the first one of its kind to promote Dakar and of course as a way to bring awareness for women's right and the fight against cancer.

I met some interesting people while I was registering for the Dakaroise who work for a compagnie de paris sportifs virtuels in the french speaking countries of Africa. They were also registering for the marathon so I would like to say hi to Bakari and his crew!


For those that are interested in running the marathon, the participation fees for Senegalese and foreign runners who are resident in Senegal are:

•    3000 FCFA for the marathon
•    2500 FCFA for the half marathon
•    2000 FCFA for the 10 km
•    1500 FCFA for the Dakar
•    500 FCFA for the junior races

For more information go to www.marathondedakar.com

Best Deal on Costa Rica Real Estate

Playa de Coco Costa Rica

This is my first post so please be patient as I will try to improve as I keep on writing.

I am currently visiting a friend in Costa Rica and I thought about living in Costa Rica as an Expat for a year or so.  This is why she introduced me to several Costa Rica real estate companies so that I could look at houses to buy or rent during my stay.

I was not sure yet where I wanted to buy or rent a home.  Heck I wasn't even sure if I wanted to stay in the city or at the beach so my friend, Cassey introduced me to Ingrid who is one of the best real estate broker in Costa Rica to help me find that new home.

Since I was not sure where I wanted to live, she suggest for me to look at some real estate in Escazu Costa Rica since it is only about one hour from the beach and just a few minutes away from some great shopping centers.

In addition, Escazu is a hot spot for expats which means that it would make the moving transition easier for me as I do not speak much Spanish other than asking where the bathrooms are and how to order at a restaurant.

So yesterday, I visited several homes, condos and apartments which I must say are very nice with all of the modern amenities from home but it is a bit above my price range so it looks like I will have to look for another cheaper neighborhood.

So next time I blog, I will write about the next neighborhood Ingrid will be taking me at.