Every bookie will have to deal with adjusting limits in sportsbooks. It is, after all, very crucial in player management and with managing your finances. As a pay per head bookie, your expenses will be lower than other bookies, but cannot afford to be too generous with limits without calculating the risks involved. Here is a short bookie guide to betting limits.
Before we begin, let’s talk about what the betting limits are. When you go to the player profiles under your bookie software, you will see that there are two types of limits that you can give to your players: betting limits, and credit limits. Credit limits are basically how much credit you are willing to have each player owe you. Some bookies do not set high amounts, while some do not give credit limits at all. But for betting limits, we are talking about the maximum amount a player can owe in your sportsbook.
Betting Limits
Why are betting limits important? Let me draw this out for you. Assuming you have 10 players, you go ahead and set them up with $1,000 betting limits each. If, in any given day, they all decide to place a $1,000 bet on the Lakers winning against the Clippers, then you will have $10,000 on one side of the bet alone. In this case, you will need to make sure that you can get around that much to wager for the Clippers to balance things out. If not, and these players win, then you own them $10,000 plus winnings. If you only got $3000 in wagers that lost, then you will pay the $7000++ from your own pocket.
Now, if your sportsbook is full of high rollers, then maybe this will not be a problem. But if you do not have the money to bankroll that amount, then you should stick to lower limits. For instance, if your players had $300 limits, then the wagers would only have been $3,000 instead of $10,000. Bsaically, your limits should be based on what you can afford to bankroll. Also, you can customize each player’s limit, and you can change it any time. As long as you are using an easy bookie pay per head, then betting limits will be very easy for you to configure and adjust at any time you want to.
