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Bookie Software

Bookie Software - © Cybrain - Fotolia.com

One area where serious sports investors can really get tangled out on a limb is with bookie software. Typically sold over the web, this software can allow an investor the opportunity to run their own sports book. There are both amateur and professional levels of bookie software available, so it depends on the desired use as to which will be the most appropriate for your needs.

Amateur or ‘backyard bookie’ software is readily available for quite reasonable sums. Typically marketed toward individuals or charities, this software is designed to let punters put on a real show for their guests or donors. The software typically targets a large event, like Wimbledon or the Kentucky Derby, aiming for the kinds of events where themed parties are likely to be held. The bookie software plugs in to the real-time statistics of the event, but lets the groups place their own bets and do payouts without going through a traditional bookmaker. Winnings are based on what has been bet, so that the system is self-funding. Typically, whoever is running the software can set the vigorish level, and for charity events this vigorish plays the role of the fundraiser. A serious sports investor can have a turn at playing from the other side of the table whilst doing some good with this kind of a system.

Professional bookie software, on the other hand, can be much more complicated. Typically, these systems are targeted toward those who may wish to start up their own gambling operations. This can be offshore or onshore. Depending on the use and modifications of the bookie software, it may require a license from the Gambling Commission.

Before investing any large sum of money, think carefully. Sportsbook operators are subject to a host of taxes and regulatory restrictions. Additionally, most serious operations are going to require an investment in customer support. Most of the bookie software vendors are willing to provide this on your behalf for a per head fee. For an additional fee, they will create a bookmakers website for you and provide technical support. However, bookie software is not guaranteed to be a profitable investment, much like any other investment in the market. Playing the part of the bookmaker may be interesting for the serious sports investor looking for an additional thrill, but the financial strain can take the fun out of any hobby operation. Competition for punters is fierce, so while this may be something that interests you, think twice and check the Gambling Commission regulations before proceeding.

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