One of the very best tools that PayPerHead.com offers online bookies is the BetAlert tool.
The BetAlert pings bookies when a wager has been placed based on certain parameters bookies preset.
To get you started, we’ve provided you with a simple step-by-step strategy that utilizes the BetAlert tool to manage NFL betting in your sportsbook.
[Infographic]The Simple BetAlert Strategy To Prevent Steam Betting
The Simple BetAlert Strategy To Prevent Steam Betting
A great strategy is to prevent steam betting from occurring. Steam betting occurs after a large bet has been placed that significantly changes the against the spread betting lines.
The best way for PayPerHead online bookies to prevent steam betting is to follow the below strategy.
1. Find the player that has the highest chance of causing steam betting
The best way to do this is to look at player activity reports.
What you want to do is find the player that causes a change in betting lines. If you don’t have a player that wagers enough to cause changes in betting lines, instead think of that week’s games that could cause steam betting.
2. Set up your BetAlert on the games that you believe might cause steam betting
Set up BetAlerts on the games that might cause steam betting. You can have multiple games that could cause steam betting.
3. Once pinged, make a management decision about how to prevent steam betting
Once the BetAlert tool pings you about the game, or games, make management decisions on how to prevent steam betting. The following tools are available to PayPerHead agents so that they can manage their online sportsbooks:
Line mover – The line mover is a special tool that allows online bookie agents to change betting lines. You must sign up with the Premiere Package to access the line mover.
Schedule limit override – You can create overrides on games that the BetAlert tool pings you about. This automatically prevents steam betting because it forces steam bettors to look to other games to bet.
By the time the override is over, they may have already wagered on a different game.
Layoff account – Often, if the BetAlert tool helps agents get ahead of steam betting, they might not have to utilize their layoff accounts. The layoff account is there for them if they don’t get ahead of any steam betting.