Prepare Your Sportsbook for March Madness
Now that the Super Bowl is over, it is time for bookies to start looking towards future sports betting events. Therefore, not counting they Daytona 500, the next large sporting event is none other than NCAA Men’s Basketball Tournament. Also known as March Madness, it is the last chance for bookies to make large profits until the football season. Thus, in this bookie tutorial, we will go over how to Prepare Your Sportsbook for March Madness.
For many bookmakers, this is the 2nd or 3rd highest grossing sports tournament for them. The reason why is because it is a basketball tournament with the best 68 college basketball teams in the nation. In addition, the tournament usually has over 10 million viewers and $15.5 billion in wagers throughout the tournament. For bookies, that is a lot of potential money. Money that can help them survive until the football season starts again.
Therefore, it is imperative for them to have their sportsbook ready in time for March Madness. To help, these March Madness Sportsbook tips will ensure your basketball betting business is ready for it!
Prepare your Sportsbook for March Madness with these Simple Tips
Is Your Betting Software and Platform Up-to-Date? Having the latest sports betting software and platform is a must for any sportsbook operation. However, this is especially true during a large event like March Madness. This is because this is all part of the general upkeep of a sportsbook. Thus, having an old software could make your sportsbook breakdown at the worst moment possible.
Check on your Server’s Bandwidth – There is nothing more frustrating for a gambler then being unable to place a bet due to lag. This will lead to angry clients and losing them if this happens. Therefore, make sure that that your servers have enough bandwidth to handle an increase in wagers during the tournament. Bookies that use a quality bookie Pay Per head solutions do not have to worry about running out of bandwidth.
Offer Live Basketball Betting – As an addition to straight bets, parlays, and teasers; live betting is a popular way for bookies to increase their basketball betting handle. In fact, lice betting is one of the most popular types of bets with 32% of people making them. Therefore, it is imperative to ensure that your basketball betting software can offer them.
Have Plenty March Madness Prop Bets – College Basketball Prop Bets are part of what makes the NCAA Men’s Basketball Tournament more exciting. The more March Madness prop bets your offer the more money you can make. In addition, having crazy March Madness Prop bets can increase the exposure your sportsbook can get.
Start Advertising Now – Now is the time to advertise your sportsbook to basketball bettors. This is because many sports gamblers are looking for a large event to bet on and March Madness is it! Of course, the competition is fierce which means you need to get creative.
Is Your March Madness Bracket Contest Ready?
Filling out a March Madness and taking part in it is a time-honored tradition in the office and amongst friends. For sportsbooks owners, having a NCAA Men’s Basketball Tournament is also a great way to get increase March Madness Awareness.
Bookies often use a March Madness bracket to advertise their sportsbooks by giving out free entries for every deposit. Of course, they will include a prize for the player with the most correct predictions. Prizes will vary depending on what they can afford ranging from a few hundred to a few thousand dollars.
In addition, sportsbooks will often have a huge prize to anyone that can have a perfect March Madness Bracket. This is because the odds of having a perfect bracket is 1 in 9,223,372,036,854,775,808 if you randomly plug in teams. However, if you know College Basketball and do your studies, the odd can increase to 1 in 120.2 billion.
For those filling out a March Madness Bracket, check out How to Get a Winning March Madness Bracket.
Open a Basketball Sportsbook and Become a College Basketball Bookie
For those without an online basketball sportsbook, it is not too late to Become a Basketball Bookie. Or at least, it is not if you use a Sportsbook Pay Per Head Solution. This is because it only takes a few minutes to open a sportsbook with the right Pay Per Head Service.
The best part about using a Bookie PPH provider to start a sportsbook is that it is very cost-efficient. Most PPH will charge between $2 to $10 per active player on a weekly basis. For this small fee, bookies get everything they need to be a basketball bookie and open a fully functional sportsbook.
Take a look at our list of the best sportsbook pay per head to see which company to use.
Open a Basketball Sportsbook with PricePerPlayer.com for $5 or less per player
