How to Plan Bookie Business in 2022

Oct 26 2022

Online gambling has won over the hearts of many punters worldwide. Today, most bettors prefer wagering online to doing so at a physical casino, and the statistics show it.

Within the realm of online betting, there is a very large pool of people dedicated to sports gambling. As of late 2021, the market size of sports wagering was 65 billion, and it is projected to grow to 135 billion within just 7 years. Because professional bookies get to keep 5 – 10% of all bets made, it is easy to see how starting a bookie business could be very lucrative.

What is a Bookie?

A bookie, or a bookmaker, is a person or organisation that sets gambling odds for sports games. A bookmaker receives all the losses and pays out winnings to the bettors. Online oddsmakers determine odds by studying the sports industry and taking into account various factors like the opinion of experts, online statistics, precedents, and new developments.

In the past, odds were set by humans, usually sports enthusiasts who meticulously study the unique competitive atmosphere surrounding each sports event before setting the odds. Nowadays, gambling software is used to set the odds instead of human intelligence. It achieves this by mining relevant data from the databases on the internet and processing it. A prime example of these kinds of soft is Nuxgame software.

What Makes a Bookmaker Stand Out?

Several factors set certain bookmakers apart from others. One of those factors is the availability of options. Punters want to be able to wager on any sports event of their choice, whether it be local or international. This is why software with a wide range of options is so vital.

Another thing that helps bookies develop loyal customers is how user-friendly their software is. The key thing for investors to keep in mind when planning a bookie business is to pick software that satisfies all the needs consumers might have.

Step-by-Step Guide to Planning a Successful Bookie Business in 2022

The easiest way to establish an online bookie brand is by acquiring the services of betting software for bookies. By using white label software, investors save themselves the hassle of building an industry-worthy bookmaking software from the ground up and enjoy massive profits without having to do all the technical work involved.

The following steps outline the path entrepreneurs need to take if they desire to carve a niche for themselves in the sports gambling world.

Research

There is a need for all-encompassing market analysis. The most vital questions that should be raised include:

What are the most prominent needs among punters today?
How can one create a business model to meet these needs?
What geographic location represents the bulk of potential customers?
How does one adjust the business plan to satisfy the needs of bettors in this specific geographic location?

Formulating a Plan

After the research stage, it is time to put everything that has been learned into action. There needs to be a strategy for managing the financial resources available and maximising profits. There is also a need to put a great deal of thought into the white label software that will be used, the payment options that will be available, and the ways through which the new brand will be marketed to potential consumers.

Choosing a Betting Software

It is expeditious to choose software that possesses all the features required while remaining affordable. A bookie software should have over 60000 sports events for players to bet on, all the popular leagues, lots of languages, and an easy-to-navigate interface.

To make it easier to increase customer satisfaction, white label software should also offer business owners analytics and other relevant data regarding the users.

Final Thoughts

NuxGame ticks all the boxes for all the top features of good white label software. With over 70000+ sports events at any given time, a wide range of sports games, and exclusive odds, NuxGame brings to you all you ever need as a bookie brand.

Kick-starting a sports betting business is not an easy task – it requires a great deal of planning and strategising. The main thing to always remember is to put customer satisfaction first and provide services that are right for your target audience.

#MaltaDaily

“Miracles Exist”; Bjorn Formosa in recovery after successful operation

Oct 26 2022

Via his official Facebook page, friends of Bjorn Formosa have confirmed that the ALS activist is currently in recovery after a successful operation.

Prior to his operation, Bjorn had revealed that he was quite scared and excited to be going into such a critical procedure, only days after his birthday.

Despite his condition, the ALS Malta founder has been working around the clock for the betterment of the lives of the immunocompromised, constantly fundraising to build centres for treatment and support whilst raising awareness about the condition.

Here’s wishing Bjorn a speedy recovery!

#MaltaDaily

This adult only Halloween offer will scare your pants off

Oct 26 2022

It’s almost Halloween and all of the skeletons, ghosts, wizards, and zombies will be out in force to have some fun. Halloween offers adults the opportunity to indulge their fears and fantasies, become someone else and experience 18+ rated thrills.

Lottoland is also embracing the spooky season and offering a surprise treat, that can win you a frightening amount of cash!

For just €6, this Fangtastic Value Bundle includes:

X1 EuroMillions Bet (next jackpot: €130 Million)
X2 Keno 24/7 Games (max jackpot: €1 Million)
X2 Hallowin Scratchcards (max win: €50,000)
X6 Spins on Lucky Halloween (Current jackpot: €500,000+)

This shocking Bundle is available to all new and existing customers to scratch, claw and bite their way through. Now that’s one scream worthy offer!

How to claim the offer:

1. Log into Lottoland using this link
2. Pay €6 with your favourite payment method
3. Receive all of the treats above instantly

If that isn’t enough to scare your pants off, this freakishly good deal ends on 31st October at 23:59. So grab this Halloween deal before it disappears.

Lottoland is operated by European Lotto and Betting Limited and is licensed by the Malta Gaming Authority, license number MGA/B2C/609/2018. Players must be 18 or over. Gambling can be harmful if not controlled. Please play responsibly. For help visit rgf.org.mt.

The offer must be redeemed by logging in or signing up through the link provided in the article above. The offer is available to all new and existing customers to claim and redeemable up to 6 times per customer. Any unredeemed spins will become void 7 days after being credited if unused. The promotion expires on 31st October 2022 at 23:59 CET. These terms are supplemental to Lottoland’s Promotional Terms and Conditions.

Friends of crash victim Jesús Reina raising funds to send his body back home

Oct 26 2022

The friends of Venezuelan crash victim Jesús David Reina Quero are raising funds to repatriate the man’s body to his home of Venezuela so that he can be laid to rest.

The 24-year-old sadly died at Mater Dei hospital after he was hit by a car in December 13 road, Marsa on October 25th. Reina was hit by a Mercedes Benz C250 driven by a 66-year-old man from Fgura.

So far, the repatriation campaign on gofundme.com has raised over $6,000 in donations from members of the Latino community in Malta and beyond. The campaign aims to raise €8,000 to cover funeral expenses and help his fiancée take his remains back home to his family.

Jesús David Reina Quero is the fourth victim to die along Marsa December 13 road, with all four deaths being pedestrians.

RIP Jesús.

#MaltaDaily