We always talk about the fact that the sports betting industry is growing and attracting more people. Aside from those interested in wagering on a given sport, however, the growing popularity of sports betting also means that many people start working in the industry. The high salaries, attractive bonuses, and interesting environment attract young people worldwide.
Speaking of working in the sports betting industry, Nostrabet.com is about to show you some of the high-paying jobs in the business. Even though working in the sports betting sector was not easy before, nowadays, you can always find job openings, especially if you follow the big online bookmakers. Some positions pay more than others, however, so let’s dive deep and learn more about each one. Keep in mind that the salaries you are about to see are based on the US, so they will be different for each country.
Sports Trader/Oddsmaker
One of the most common job openings in sports betting is the sports trader. Also known as an Oddsmaker, this person adjusts odds for different sports events. The goal is to ensure the bookmaker’s profitability and offer competitive odds to attract more people.
It’s important to know that this is one of the positions that will most likely disappear in the near future because many big bookies already use sophisticated AI systems to do that for them. For now, however, people in this role can expect yearly salaries that start at around $35K and can reach as much as $150K for the head traders.
Being an oddsmaker is not easy because you need to monitor your competitors, use statistical models, and more.
Data Analyst
Being a data analyst in the sports betting industry means that you have to focus on many different stats and analyze them. Depending on the bookie, people have to check data related to the market trends, betting behaviour, promo performance, and more. Most people work alongside traders and marketers so that the latter can come up with better ideas based on the data.
In terms of payment, most entry-level positions pay around $50K/year. Those who become senior data analysts can expect payments of $150K or even more. Keep in mind that some of the more experienced data analysts may also have to build dashboards and productive models with tools like SQL, Power BI, and more.
Betting Operator
Also known as a Risk Manager, this is another popular, high-paying job in the sports betting industry. This person monitors betting patterns and detects suspicious activity, fraud, or sharp bettors. Once this is detected, the person sets different limits.
Considering the way the job works, it’s no surprise that the Risk Manager works closely with those in the AML department. In some parts of the world, betting operators may also need to have a semi-legal education or at least be familiar with all of the AML laws in place.
The numbers in terms of salaries will depend a lot on the specific market and the country. Generally speaking, those getting started earn close to $60K/year, but experienced risk managers or the head of risk management can get over $200K/year. This is one of the better-paying jobs in this industry, but it also comes with tons of responsibilities.
Software Developer
Every online bookie needs at least a few software developers, so it’s no surprise this is among the highest-paying jobs in the sports betting industry. Most companies have at least several developers on different levels. The payments usually start at $50K/year, but they can go well above $200K/y based on experience, the given person’s role, and more.
Software developers play a key role in this business and are responsible for various tasks. In addition to building and maintaining sports betting platforms, they also develop scalable backend systems, work on customer-facing features, integrate third-party data feeds, and more.
Thanks to AI, some of these tasks are done much faster than before, but AI alone can’t replace developers as of yet. Every bookie needs at least a couple of them to make sure it offers quality options.
Compliance Officer
If you want to have a sports betting website or a land-based shop offering such services, you must adhere to local laws. Every country has a gambling regulator that enforces different restrictions, and these businesses must meet them. Therefore, many of them need to have a compliance officer.
This person’s job is to ensure that operators comply with gambling regulations. Aside from keeping an eye on all legislative changes, these people also monitor the AML and KYC procedures. They also liaise with regulators, conduct internal audits, and keep track of licensing obligations across jurisdictions.
Considering that this role often requires a legal degree, it’s no surprise that salaries can be high. Based on our research, they can start at around $70K/year and can be way over $200K/year. It all depends on the specific sports betting operator you are working for and the tasks you are assigned.
Marketing Manager
A marketing manager is someone whose job is to oversee user acquisition and retention strategies. In other words, this is the person who is behind things like paid media ads, PPC, digital marketing campaigns, and so on.
The marketing manager has to coordinate campaigns across different channels. For example, the person often communicates with marketing clients, affiliates, influencers, and more.
In some cases, the marketing manager also has to analyze the drive engagement, ROI, and often works closely with the compliance and product teams.
When it comes to salaries, these people usually start at around $45K/year but can reach over $120K, depending on the situation. An interesting fact about most marketing managers is that they also receive performance bonuses and even stock options. The latter will only be possible if they are working for some of the largest gambling corporations.
Customer Support Specialist
All of the high-paying jobs in the sports betting industry mentioned so far are attractive, but most of them require you to have a specific education. The good news is that this is not the case if you want to be a customer support specialist, at least in most instances.
People who are in this position have to provide frontline support via email, live chat and phone. In most cases, they handle queries related to deposits and withdrawals, different account issues, technical difficulties, and more. The support agents also have to report any suspicious activities.
One of the downsides of being a customer support specialist is that the shifts can often be longer than usual. Moreover, people usually have to work on the weekends, something that not everyone is okay with.
In terms of payments, customer support specialists usually start at around $25K and can go up to $70K based on their experience. Depending on the specific sports betting operator and the country they are in, some may get a lot more if they speak multiple languages and/or have other additional skills.
Betting Integrity Analyst
Even though most sports betting operators are advanced and use all kinds of security tools to ensure people follow the rules, some bettors bypass them. Consequently, many companies want to have a betting integrity analyst who monitors betting markets for irregular patterns or suspicious activity.
This person is usually in charge of investigating different match-fixing manipulations. To be more efficient, the betting integrity analyst also works alongside different regulators and integrity services.
The payment for this position varies because it depends on how many responsibilities this person has. Usually, it starts at $45K/year, but it can reach over $130K/year.
Product Manager
The product manager is the one who develops sportsbook or casino features. In most cases, the person gathers information from users and competitors and comes up with new ideas to boost the given sports betting operator’s popularity. Once he has an idea, he collaborates with developers, marketing experts, and design teams to ensure his ideas come to life.
In terms of salaries, most product managers start at around $60K/year but can earn a lot more depending on their experience and what they do. Some salaries can often reach over $200K/year if that person is doing a good job and/or is working for some of the biggest names in the industry.
Affiliate Manager
The last position is becoming increasingly popular. An affiliate manager manages partnerships with affiliate marketers and networks. These people have a very important job because they need to negotiate commission deals, track performance, ensure affiliates follow regulations and the operator’s rules, and so on.
The relationship with the payment is among the most intriguing parts of being an affiliate manager. Most of them have a standard salary that starts at around $40K and can reach up to $90K per year. With that said, affiliate managers can make a lot more money thanks to the bonuses that they get based on the affiliate revenue.
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