Becoming a bookie in college is, no doubt, a clever side hustle. To do this, you need to build a network of sports fans. In addition, you need flexible hours and high earning potential to run your sportsbook. However, you need to understand that this side hustle also has its challenges. You need the right support and tools to overcome these issues.

Continue reading to discover the top challenges of becoming a bookie in college. In addition, you’ll discover exactly how Ace Per Head can provide you with the support necessary to overcome them.

1.   Not having the technical know-how

Today, most college students looking to be a bookie lack the technical knowledge to run a sportsbook. They also have zero knowledge of software and web design.

To run a betting business, you need a platform. One option is to build it from scratch. This, however, requires you to manage bets manually.

The challenge: building your platform from scratch without any technical knowledge requires thousands of dollars. Another issue is that managing bets manually often quickly spirals out of control.

Ace Per Head offers the support necessary to overcome these challenges. This company offers a custom-branded sportsbook platform. With a fully functional website, you certainly don’t need any technical knowledge to run your college side hustle. The platform is user-friendly, mobile-optimized, and secure. It also comes with advanced features. These include live betting & player tracking.

2.   Risk management

Today, risk management is essential for any student looking to become a successful bookie in college. Without proper risk management, financial stress is likely to occur. This issue occurs due to the following factors:

• Inconsistent betting patterns
• Sudden winning streaks
• Players chasing losses

With the right tools and support, you can always overcome this challenge. Ace Per Head offers robust tools for risk management. They allow you to set maximum bet limits per bettor. These tools also allow you to keep track of real-time player betting activities. They also allow for auto-grade bets with live odds.

These offerings will help you stay ahead of players. They allow you to make informed decisions that prevent financial stress.

3.   Handling payouts & payments

Let’s face it; most college bookies often struggle when handling payouts and payments. This can always ruin relationships with players. If this becomes regular, you may even end up losing your business due to a lack of trust.

Ace Per Head can help you address this issue. First, you should know that the platform doesn’t handle financial transactions directly. You have full control over this aspect of your business.

However, this software comes with detailed accounting. In addition, it offers accurate reporting of player balance. This gives you better control over your finances. Overall, these offerings reduce confusion and ensure smooth relationships with your players.

4.   Building a credible business operation

One challenge with becoming a bookie in college is that you may struggle to build a credible operation. Many students see a platform that looks amateur as a red flag. Most players also tend to abandon your service after one bad experience.

But how exactly do you overcome this issue? The solution is—using reliable software. For instance, Ace Per Head offers a -functional platform that looks professional. This company also allows you to customize the website with your branding elements—name and logo. This offers instant credibility necessary to attract more players.

5.   Competition

Competition in business is everywhere, even in colleges. What if you have many sportsbook competitors? Inability to stay competitive could send you out of business.

Ace Per Head offers unique betting solutions. This company offers advanced betting features, such as:

• Live in-game betting
• Casinos
• Prop bets
• Sharp lines
• Round-the-clock customer support

These offerings allow you to offer unmatched premium betting services. Players won’t only become loyal to your business. They’ll also refer more players.

Begin your journey of becoming a bookie in college today by using Ace Per Head. Visit the official website to learn more about how to be the bookie that every student wants.