When learning how to become a bookie, your main concern is profit. To be able to earn, you have to know how to balance your lines. This means, that as much as possible, you will want to have both sides of a wager as equal as possible in terms of bets. Of course, this will not always be the case, which is why we will be helping you to know when to adjust your lines.
If you are using a price per head sportsbook, they you need not worry about the opening lines for your wagers. These software providers will give you lines automatically. But depending on several factors, you will need to adjust these on your own.
When to Adjust Your Lines
The first instance of adjusting lines will depend on who is playing. If a team is someone popular with the general public, then there will be many recreational bettors going for it. This means you will have more bets on one side of a line. To balance this out, you need to adjust your lines to make it more enticing for players to bet on the other side.- The second factor to check would be the stats of the teams playing. Usually, you will hear reports on athletes and player injuries, especially those that can affect the ability of a player to join the game. This can change the outcome of the game, so you will need to adjust your lines as news comes out. Sites like the BWager.com sports betting software companies usually will take care of this as well, but it wont hurt to double check.
- The third factor you need to consider is the activity within your sportsbook. If you notice that your players are heavily favoring one side of the bet, then adjust your lines to get more players to bet on the other side. Not doing so will risk having more players winning than losing. This would mean that you will have to pay from your own pocket if the winnings are more than the money you collect from losing bets, and from the vig as well.