New York Sportsbooks See Consistent Handle of $400 Million Weekly

In the latest bookie news, New York sportsbooks are performing well as always, recording a weekly sports betting handle of greater than $400 million for the 21st time in 22 weeks. The only time that number was not met was the week before the Super Bowl. Take note that these numbers are recorded on a weekly basis. Other states see $400 million in wagers in a month’s time, while New York get this in just a week. That is how large their betting market is.

This makes it interesting for people to want to know how to become a bookie. A lot are even looking at many sources of information- even tv series. Check out this Bookie Season 1 review to see if this show is as accurate as it portrays to be. You can also check this bookie pay per head software to see what exactly a bookie manages on a daily basis.

New York Sportsbooks Continue to Enjoy Good Handle

The New York Gaming Commission recorded a weekly handle of $437.1 million for the week ending March 10. This is 4.2% lower from the previous week. The weekly hold of 8.5% was a slight decrease from 8.8% in the previous quarter, but it remained a solid number for bookies. The decline in numbers is also consistent with the time period since there are fewer football games after the NFL ended.You should be seeing a similar trend in your sportsbook as well. Check your bookie pay per head software and generate a report if you have not yet done so.

Revenue declined 7.7% to $37 million, but it remained above $30 million for the 14th time in the previous 15 weeks. So again, the slight dips are easily ignored because the numbers are still quite high. And a lot of bettors will be flocking to their favorite sportsbooks as soon as Selection Sunday is over.

Industry experts are looking at a boost in betting activity as college basketball nears its end. The 2024 NCAA basketball tournament starts next week, so March should be a very popular and lucrative month for sportsbooks. If you want to be a bookie, Then read up on what bookies look for in a sportsbook software. Soon after learning the basics, you will be launching your own sportsbook, and hopefully it will be as profitable as that of sportsbooks in New York. 

 

 

What Bets are Popular in Sportsbooks?

 

Even if you are not yet ready to jump in and sign up with a bookie pay per head software service, you can still earn from sports betting. And when you bet on sports, you will have a lot of options to choose from. The wagers you place will depend on a lot of things, like your preferences, and your decision-making abilities on which bets you think will win you money. So, to help you learn as much as you can, we will help you understand what bets are popular in sportsbooks.

The most basic bets you will see in a sports betting software solution would be the moneyline. It is simple and straightforward because you simply choose which team will win the game. Of course, since the bet is simple, it is considered low-risk. Thus, you will have winnings to collect, but not as high as other bets you can place. This is, however, the most common bet that those who are new in the industry make.

What Bets are Popular in Sportsbooks

If you feel like your ability to predict outcomes are better, and you would like to increase your risk, and winnings, you can switch from moneyline bets to spread bets. This means that you will choose which team wins, and by how much. The bet is not just dependent on the outcome of the game, but on the score as well. So, if you bet that your team wins +5, but they only win by 2 points with a final score of 99-97, then you still lose the bet.

If you find that a bit complicated, you can also bet on the score of the game, called totals. Here, you can look at the Bookie pay per head software, and check out the many games you can bet on- from basketball to football, totals are quite the popular wager. Here, you simply add up the final score of the two teams. Then if you bet that they would total under that score, and they do, then you win.

You can also take your betting to the next level with prop bets and parlays. We will talk about prop bets later on. But parlays are basically a series of bets on the same wager. If one wager in the series loses, then you lose the bet. However, if you win this, then you get to withdraw a very generous payout.