How to Choose the Best Pay Per Head for the Olympics
The Olympics are without a doubt the greatest and most popular sporting event in the world. For bookies, the Olympics are an opportunity to increase their sports betting handle that that only comes every 4 years. However, is your current sportsbook ready to take bets on the Olympics? In this tutorial, we go over How to Choose the Best Pay Per Head for the Olympics for your sportsbook.
For those considering about opening a sportsbook for the Olympics, this tutorial contains valuable info to get you started. For those that already have a pay per head sportsbook, is your current pay per head software Olympic friendly?
If you are not sure, then this tutorial might just be for you so keep on reading.
Why are the Olympics Important for Bookies and Sportsbooks
The timing of the Olympic Games comes at a great time for sportsbooks. This is because they take place during their slow season when football and basketball betting is over. For bookmakers, this is an opportunity to increase their sports betting profits thanks to the large Olympic fan base.
Whether it is the Summer Olympics or the Winter Olympics, the Olympic Games makes people burn with passion and patriotism. The proof is in the number of viewers around the globe that watch the Olympics. During the 2021 Tokyo Olympics, over 3 billion people were watching the event and that is despite the COVID pandemic.
According to digital platforms of Olympic broadcast partners, they had 28 billion video views of the Tokyo Olympics. Â In comparison, that is a 139% increase in views over the 2016 Rio. Thus, these growth figures signify a changing media environment in anticipation of the 2024 Paris Olympics.
According to sports betting analysts, organizers expect to have 1.5 billion people around the world watching the opening ceremony alone.
In terms of people betting on the 2024 Olympics, this is a huge moment for the American gambling market. This is because these will be the first Olympics to take place since it become legal to bet on sports in most of the U.S.
During the Tokyo Olympics, only 97 million Americans were able to bet on sports that year. However, this year will be different as 164 million American adults are able to bet on the Olympics this year. Considering that
Therefore, the Olympics are a great opportunity for bookmakers to not only take more wagers from existing sports bettors. It is also an opportunity to increase their customer base by adding Olympics fans to their list of customers.
What is a Pay Per Head and How Can it Help Open an Olympic Sportsbook
A sportsbook Pay Per Head service, or PPH for short, allows you to rent sportsbook services for your players to use. This means that a sportsbook pay per head provider will handle and monitor all of your players’ bets for a weekly fee, charged on a per player basis.
In essence, it enables bookies to operate a sportsbook without the hassle of managing the technical side of the sportsbook software. Thus, they do not have to worry about setting lines, grading wagers or taking bets.
The only responsibilities for a bookie using such a service are acquiring new players, providing customer service to retain players, and managing the financial aspects of the operation. Therefore, a PPH sportsbook operator does not need to worry about hiring a lines manager, office space, servers, software maintenance, and infrastructure.
How to Increase your Olympic Betting Action by Choosing the Best Pay Per Head for the Olympics
A reliable bookie PPH service can greatly enhance the number of wagers bookies take during the Olympics. This is because by utilizing the right Pay Per Head services, bookies can streamline their sports business operations. Thus, allowing them to concentrate on Olympic marketing and customer service.
Moreover, PPH services can assist in attracting a larger customer base by providing sought-after features like a user-friendly interface and competitive odds. Lastly, PPH services offer protection against fraud and cyber threats through cutting-edge security measures to safeguard your data and prevent unauthorized access.
However, before choosing a Pay Per Head software for your specific needs, bookies need to first do their research. The best way to do that is by reading our Pay Per Head Reviews to compare which PPH best suits their needs.
Last but not least, bookmakers aiming to increase betting activity for the Olympics should thoroughly evaluate the aforementioned factors prior to selecting a pay-per-head (PPH) approach. By meticulously assessing all the factors mentioned, you can enhance the efficiency of your operations and draw in a larger clientele.
Look for a Sportsbook Pay Per Head with the Right Features and Options
Selecting the appropriate PPH services has the potential to significantly impact your bookie business. Therefore, utilizing the correct Pay Per Head Olympic Betting Software is crucial for maximizing profits. Below are key features that every PPH Olympic betting software should possess:
Expanding your Olympic Wagering Options
While the Olympic Games are not as popular for gamblers, they still attract a significant amount of attention. Thus, you want to ensure that your Sportsbook Pay Per Head company has a Broad range of Olympics betting markets available. This should include, including wagering on outright winner to medal counts.
Provide Real-Time Updates
It is important to guarantee that your PPH service provides real-time updates during the Olympics. Keeping track of the most recent scores and player performances is crucial. This functionality has the potential to increase betting engagement and improve player contentment.
Showcase Olympic Live Betting Opportunities
It can be quite lucrative to engage in live betting on events such as the Olympics. Promote this feature prominently in your sportsbook to encourage player participation. By utilizing top-notch PPH services, you can seamlessly integrate live betting into your platform.
Open an Olympic Sportsbook with PricePerPlayer.com for $5 or Less Per Player
