Pay-per-head Online Betting Organizes Wagers Owed to Bookies
Sarah Moore — March 30, 2012 — Unique
References: payperhead & nytimes
With pay-per-head online betting, the days of low-tech illegal sports wagering are long gone. This Internet service essentially acts like a debt tracker for bookies, tallying all of the money that is owed to them or their clients in one spot online.
Bookies pay the site a fee per client, which is where the term pay-per-head comes from, that ranges anywhere between $5 and $30. The website payperhead.com is an example of one of these sites in action. The webpage features a promo video of a mafia-looking tough guy in a suit eluding to the fact that not paying up is still cause for some 'trouble.'
Due to the illegal nature of underground gambling and the problems that can arise when money doesn't change hands as agreed, the majority of these sites operate outside of the United States. Pay-per-head online betting is taking sports wagering from the days of pen and paper into the technological generation -- but "settling up" is still taken care of the good old-fashioned way.
Bookies pay the site a fee per client, which is where the term pay-per-head comes from, that ranges anywhere between $5 and $30. The website payperhead.com is an example of one of these sites in action. The webpage features a promo video of a mafia-looking tough guy in a suit eluding to the fact that not paying up is still cause for some 'trouble.'
Due to the illegal nature of underground gambling and the problems that can arise when money doesn't change hands as agreed, the majority of these sites operate outside of the United States. Pay-per-head online betting is taking sports wagering from the days of pen and paper into the technological generation -- but "settling up" is still taken care of the good old-fashioned way.
Trend Themes
1. Pay-per-head Online Betting - Pay-per-head online betting is disrupting the traditional sports wagering industry by offering a convenient and efficient way to track and organize wagers owed to bookies.
2. Debt Tracker for Bookies - Debt-tallying sites are revolutionizing the bookmaking industry by providing a centralized platform to keep track of money owed to bookies or their clients.
3. Technological Generation of Sports Wagering - The rise of pay-per-head online betting platforms is ushering the sports wagering industry into the modern era by replacing traditional pen and paper with digital solutions.
Industry Implications
1. Online Gambling - Pay-per-head online betting platforms present disruptive innovation opportunities within the online gambling industry, providing a reliable and efficient system for managing bets and debts.
2. Bookmaking - Debt-tallying sites are transforming the bookmaking industry by streamlining the process of tracking and organizing owed wagers for bookies and their clients.
3. Financial Technology - The emergence of debt-tallying sites and pay-per-head online betting platforms presents disruptive innovation opportunities within the financial technology sector, offering innovative solutions for debt management in the betting industry.
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