Managing payouts is a critical aspect of an online sportsbook owner. As a bookie, it is your responsibility to release timely and accurate payouts to your player. This is essential in maintaining customer satisfaction and trust. And when you have these from your players, you will have loyal bettors that will stay in your sportsbook. Today, we will explain more about simplifying your bookie operation. This is done by using the right bookie software to help you release payouts efficiently.

Using a pay per head software helps streamline the various tasks that bookies make. Thus, you save a lot of time and money. It will also help you manage a professional sportsbook. When it comes to monitoring deposits, wagers, and payouts, your bookie software will be very helpful. Its features will help you process payouts faster, which your players will like.

Simplifying Your Bookie Operation with a Pay Per Head Software

A pay per head software gives you access to sportsbook management software tools at affordable rates. This rate is charged per head, or per active player you have. You may wonder about the money needed to be a bookie. With the pay per head model, expect minimal expenses. For instance, Bwager.com has a flat fee for only $5 per head, or even less. The larger your operation, the lower the pay per head fees. This easily beats paying thousands of dollars for the same features.

How can a pay per head software help you with payouts then? Every wager that your players make is documented. This happens in real time too, so you get accurate figures. Here are the ways that a pay per head software can help you with bookie payouts:

• Real Time Tracking. As events conclude and bets are settled, the system automatically updates the data. This includes player balances, reflecting wins, losses, and bonuses.
• Online Dashboard. Your software has a dashboard that displays the data of your sportsbook. This will give you a quick glance of player activities and balances, so you can easily look up balances of your players.
• Reporting Tools. One of the top 3 bookie mistakes centers on sportsbook management. A pay per head software helps you in this aspect quite easily. You can generate reports to see current balances. This will help you with managing your cash flow.
• Mobile Access. Most bookies are now able to check their sportsbooks on-the-go. You can check your sportsbook while on the train, on the beach, or at home any time. This will help you with managing your players, especially when they have questions.

How to Use the Bookie Software for Balance Monitoring

When you log in to your bookie software, you will immediately see the statistics of your sportsbook. It is a general dashboard where you get an idea of how much is being wagered. You will also see how many players are betting for that week. There will also be a list of top players, and so on.

Simply use the menu to go to player reports to see the betting activity of your players. There, you will be able to see the balances of your players. It will be broken down further into more details. You will be able to see deposits, closed wagers, open bets, and balances. When the time comes to release their winnings, you will be able to check the net payout of each player.

This data is also available for your players. In the player sportsbook website, they can head on over to the menu and head on over to check their balances. Players will also be able to see each wager and the outcome of each bet. The data there and in your dashboard are the same. This allows for complete transparency, which your players will appreciate.

As a bookie, the next step for you is to release the winnings to your players. Since you already have the amounts computed, you get to save hours of work. Normally, you would be spending the whole day computing the amount each player’s payouts. Instead, you just need to check the software, send the money, and you are good to go. And since the software is created specifically for bookies, you can learn how to easily be a bookie with a pay per head service.

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