Are you a college or university student looking to make money? Earning money while in school isn’t easy and who wants to spend all of their extra time working part-time for minimum wage?
Why not start a business? If you have an entrepreneurial spirit, one of the best businesses you can get into is the bookie business. Surprisingly, running a bookie from your fraternity is simple.
If you live on campus, there are likely thousands of other young adults around. Lots of people will enjoy watching and betting on sports. I remember I first started betting as a teenager. Gambling is ingrained into many people at a young age and many college/university students enjoy it.
The majority of post-secondary students are uneducated about the options they have to bet on sports, though, and that’s where you come in. You can set-up your own bookie using one of the many pay-per-head (PPH) services available online and be in business within the day.
Why Starting a Bookie Business at College/University is a Great Idea
• Lots of Potential Clients: Most colleges and universities have thousands of guys that love to play sports, watch sports and gamble. It wouldn’t be difficult finding clients for your bookie.
• Lots of Money: Today, many guys in fraternities have lots of disposable money that they get from family while attending school. They like to drink regularly and party. By offering them a chance to gamble and win money, you’re going to make lots of cash.
• Easy to Collect: When it’s time to get paid, it’s easy to collect, as all of your players are in the same fraternity or school. Set-up a time every week where your players can meet you at the frat house and pay-up. You can also payout the winners for everyone else to see.
I always see people ask how to make money when you are in a frat? You could work when you’re not in class or you could run a bookie business like I’ve described in this guide.
If you’re ready to run a bookie, but have no clue how, don’t worry. Setting up a bookie business at your frat is simple and completely online. You need to join a PPH service, which costs $X/amount per week for every active player. The cost is generally $5-$10 per active player each week.
A PPH service will offer you a functional website with bookie software, people to set the lines for you, grade your players bets and provide support. You can follow the financials of your bookie business through the reporting features that provide you with all of the pertinent information you need.
The money aspect of your business is still handled by you. You can either collect money and add that amount to a players account or offer them a credit limit that they’ll pay once they lose it.
Believe me, you’re not going to run into sharp sports handicappers at a frat very often. Your players will end up losing long-term, just make sure you have the cash to handle payouts if they win.
Are you interested in Pay Per Head?
1-How to Become a Bookie
2-We are a Pay Per Head Sportsbook
3-Best Pay Per Head Sportsbook
4-How Can Sportsbook Agents Make Money?
5-Steps to Build a Business On a Budget