How To Become A Bookie? – Make A Living By Making Odds

So, how to become a bookie? In this article, we are going to give you some of the most important tips to become an oddsmaker at a sports betting site. We are going to reflect on the employment side more than the employing side, but of course, we will educate you on the most important things to consider before you apply for such a job!

Are you a master at predicting odds? Do you have a proven skill in understanding betting markets, and have a great mind for math? Maybe it’s time for you to make a career out of things you enjoy. But how to become a bookie? Today we will introduce you to the world of sports betting, from the operator side! To learn more about the whole online atmosphere and presence, please take a look at our list of online sportsbook sites in the US.

There are many bookies available, and in fact, so-called bookmakers or odds-makers are working for these websites. In our modern day of age, bookies are no longer expecting customers in an office. Rather, they are scouting the request, and calculating odds for whatever there is on demand. On top of that, they keep the most popular world events up to date.

The Essentials – How To Become A Bookie?

First things first, you will have to have the online gambling odds explained. Not only the surface level, but routine isn’t enough either. You will have to understand the conversion math behind the odds. You have to ensure that the users may bet on a thing, yet not be able to exploit the difference between format translations. Furthermore, you will have to make them take on the bet, as it has to look valuable. Creating odds listings is hard, and you will have to stay up-to-date with the news as well.

Of course, if you are working in a company, chances are that you are going to have a worker who is actively scouting news, reporting them for you, but your 8-hour shift may consist of news reading and odds updating. Of course, if you are interested in taking a look at odds, we recommend you register at VAVE Sportsbook. Sometimes you can catch them updating the odds live!

Employment Or Employing?

So, how to become a bookie by profession? When someone is wondering about this question, they have a huge and crucial decision to make: Employment or Employment? Creating your own sports betting company can be excessively expensive at the beginning, yet it has a great investment value as long as your marketing stands.

According to the Online Degree, employment will provide you with a roughly $26,170 salary, which is pretty decent compared to the skill requirement. Of course, it also depends on the prestige and quality of the company you are going to get hired for. When you are purchasing your own company, you will have to invest a few million dollars. Which one fits you the better?

Becoming A Master – How To Become A Bookie?

So, these are just numbers alright? How to become a master of odds, once you realize that these are quite similar to each other, and the fact that even a beginner can pretty much figure out the range in which bookies work. Well, the answer lies within spotting the actuality of things. This is a complex art and industry, with many different speculations turning into a solid formula that generates profit for the company.

To give you a good example: Let’s say that we are betting on League of Legends. We surely want to bet on T1 to win the World right? Sure, give people low odds on T1. However, the truth comes with the second place, which will likely defeat T1 this year, but every bettor is going to be distracted by a great deal by T1’s victory. The art of trends and listing must be considered. Take a look at the common traits of entrepreneurs and gamblers.

Where To Find A Bookie Job?

Of course, to learn how to become a bookie, you will have to browse for some of the gambling job positions. Your best bet is to either write an email for the sports betting sites you enjoy or browse some of the typical job posting platforms. Another way to find a bookmaker job is to create a portfolio. Essentially, you can simply share your top betting tips online. As long as your tips are winning, people will start to follow you.

When you are an audience or the job, you can show your tweets, predictions, and general insight into the job. Of course, there are alternative ways to get hired. If you become an influencer on social media platforms, eventually sportsbook sites are going to contact you when they need a bookie. We have seen a couple of postings, and most of the time they are getting a pretty decent salary.

A Success Story – How To Become A Bookie?

To give you some inspiration, let us talk about Tony Bloom. According to We Are Brighton, he grew up in a gambling family, and playing different gambling games gave him a love for math early in his age. Studying math, he fell in love with sports as well! But how would one own his team without any funding? Well, he started with poker, amassing a good amount of cash by winning a tournament utilizing his excellent math skills.

He invested his winnings into a company that essentially used an algorithm he created. This algorithm was scouting for valuable odds, selling these in bundles for sports bettors, who won much more than what the service cost. He later sold this company and purchased his favorite football team, which now became the most successful club in England. This is how a real bookie is planning life.

Master Your Categories

Finally, there is one more rule to learn how to become a bookie. According to Reddit, one of the most important steps is to decide your market. All sports are different, and it is impossible to make accurate predictions in every single field. The greatest bookies of all time are always partnering up with more oddsmakers to expand their territory. Otherwise? Becoming an expert in one single category is not only going to give you customers, but also prestige among your peers.

If ESPN is hiring someone to make odds for baseball, and you grew up playing and watching the game every single day of your life, then why wouldn’t you try your hand at the job? If you are just interested in discovering the world of sportsbook betting, we recommend you register at VAVE Sportsbook. Yes, their ambassador is an Olympic athlete!

Click Here To Register At VAVE Sportsbook!