Navigating a Gray Area Business
The question is and, most probably, will always be around. Should sports betting be legal? For many of us the answer is clear, for some others the answer is no. The consensus right now is to look for a solution that can suite everyone and try to regulate it. In fact, in many, many countries in the world, sports betting is regulated and under control. There are many different types of Licenses, rules to follow, Responsible Gaming efforts, age control and much more, so that people like us, who can do it, and who love the excitement of gambling combined with our favorite sports, can actually get to enjoy it without feeling guilty about it.
It’s been really hard to push this idea in the United States so far, we’ve seen many big sportsbooks fall across time, but now, apparently, there is a light at the end of the tunnel and regulating this industry is, at least, being discussed. Gambling is, in the end, America’s favorite sport, and once everything is cleared, we will all celebrate and keep playing.
For now, it is still a gray area and it becomes confusing sometimes, for some people. Thanks to the help of the Pay per Head industry>, the risk has lowered considerably for all kinds of Bookies, like yourself, who just want to make an honest buck doing what you love.
What are the two ways to navigate through this gray area?
Collecting the money is the big issue here, and to be able to do it right, there are 2 paths:
1. Old School - Cash
The way your grandpa and your dad probably used to do it. No paper trail at all, know your customers, talk to them personally, and deal with them weekly, cash only. Price per Head has all the reports you need at hand, accessible from any device, all you need is an internet connection. Run your weekly numbers and make sure you settle with them personally, occasionally.
1. New School – Crypto
Technology has given us new ways to handle our earnings. Cryptocurrencies are now accepted in many different industries, and sports betting is one of them. Bitcoin being the most popular so far, but there are others making their way up, like Ethereum, for example. Everyone should take a look at this, because as it looks, crypto is the future for many. There are no laws on cryptocurrencies right now, they are not regulated by any financial institution or government agency, and most importantly, they are 100% anonymous. Look into it, get to know it, it might make your life a lot easier, and your players will thank you for that.
So, we hope this is helpful to you and your business. Remember, once you join Price per Head, this is all you really have to deal with. Let us know if you need any help, give us a call and we’ll help you get started. Are you ready to take this big step into success? Your future lies within the palm of your hand, don’t let it get away.
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