How to become an effective football bookie?Football betting on uk betting site is no longer a strange topic, especially for men who are passionate about this sport. However, being an effective and safe bookie that brings in profits for oneself is not an easy task. To find the answer, let's find out with KUBET in the following article.
Who is suitable for the position of a football bookie?
A football bookie is the intermediary between the bookmaker and the bettors. They will collect money from the players when they place bets and share the winnings when they win bets. The income of a football bookie is calculated based on the commission rate that the bookmaker and the bookie have previously agreed upon. Generally, they will earn a decent amount of money after the football season.
Guide to becoming an effective football bookie
Regarding the distribution of odds in football betting, for example, in the 2018 World Cup final between Croatia and France, the bookmaker set the odds at 0. If a bettor places a bet of 100 million VND on Croatia and they win, the bettor will receive 198 million VND. However, if France wins, the bettor will still receive 198 million VND without losing any money, except for the commission. Upon receiving this information, the bookie will inform the bettor to bet on a 90 handicap.
Specifically, if the bettor places a bet of 100 million VND and the result is correct according to the match score, they will receive a reward of 190 million VND. If the bettor places 200 million VND on Croatia and 500 million VND on France, the formula to calculate the equivalent amount will be: 500 million VND - 200 million VND = 300 million VND. This amount will be used to bet on the bookmaker that the bookie has chosen. The result of Croatia - France is 2-4. The bookie will earn 700 million VND and an additional 300 million VND for Croatia's victory. In total, they will earn 700 + 294 = 994 million VND. Meanwhile, the French team will win and receive a reward of (500 + 500 × 0.9) = 950 million VND. To understand more about the nature of being a football bookie, you should also learn the betting terminology to improve yourself.
Football betting brokers will earn themselves a profit of 994 million VND - 950 million VND = 44 million VND. In addition, the betting broker will also receive a promotional bonus when they deposit 300 million VND into the betting site initially. The amount of the bonus will depend on each betting site and each different promotion period, and the specific details are easy to understand in real situations.
From the practical example above, we can see the quite large profit that a football betting broker can receive in just one match. This amount of money may be unimaginable for many people, but it can be earned in such a short time. However, the amount of profit depends on the risk tolerance of the bettors, and the betting site or the betting broker can only hope for a high commission if they have potential customers and a strong financial position.
Therefore, it is said that being a football betting broker requires potential customers and the strongest possible economic power.
Guidelines for managing the funds of football betting brokers:
Managing the funds of a football betting broker in a reasonable manner is not a simple matter. You need to understand that the most important essence of fund management for football betting brokers is managing their own capital, allowing the chosen betting site to create financial assets stored in the account of the bookmaker. Accordingly, the main purpose is to help the bookmaker transfer money directly to players through their agent codes.
Thanks to this function, this task enables agents to deposit money quickly and easily for members when necessary, attracting players, and sending promotions directly and optimizing time.
Convenient and fast betting methods.
Diverse betting product systems, high betting odds.
Fast and simple payment and payout times, without many procedures.
Having a long-established history and a lot of experience, many people choose betting sites to place their "trust".
Always ensuring consistent policies, clear information, and limiting risks related to financial issues.
Being a football betting broker is not simple, and requires knowledge, careful calculation, and science in order to advise players on suitable and accurate betting options at the time of placing the bets. Good luck and success to you!