The coming of the Internet Age turned around the fortunes of the betting industry. Today, you can bet or wager on your favorite sports or games from any part of the world using your smartphone.
A bulk of the success of online gambling activities is because of the excellent software used by the bookmakers.
In this article, you will find out some of the software solutions used by bookmakers.
How does Betting Software Work?
Let us start by talking about the importance of betting software. The first importance is that betting software is used to look for matched betting opportunities across different bookies.
The software is also used to analyze data from multiple bookmakers to find profitable arbitrage opportunities.
Bookie Software Solutions for Bookmakers
The coming of the Internet Age turned around the fortunes of the betting industry. Today, you can bet or wager on your favorite sports or games from any part of the world using your smartphone.
A bulk of the success of online gambling activities is because of the excellent software used by the bookmakers.
In this article, you will find out some of the software solutions used by bookmakers.
How does Betting Software Work?
Let us start by talking about the importance of betting software. The first importance is that betting software is used to look for matched betting opportunities across different bookies.
The software is also used to analyze data from multiple bookmakers to find profitable arbitrage opportunities.
Types of Software Solutions for Bookmakers
With that being said, let us now talk about some of the betting software categories you will find in the iGaming market.
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Value Finder Software
Bookmakers sometimes make mistakes in favor of the customer. At other times, better odds will be offered – much more than what the other bookies are offering.
The work of the Value Finder software is to find the bets that tend to have a higher likelihood of offering real value in the long run.
The Value Finder software may not always be 100% accurate, but it is one of the software solutions used by bookies that want to offer more value to the players. Ideally, the software calculates or determines the likelihood of an event by analyzing past sporting events.
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Prediction Software
This is another software solution used by some bookmakers. The Prediction Software works by researching, assembling, and processing historical data of different sporting events.
The data aggregation is mainly done to spot or identify the trends in those sporting events. This way, it will be easier to make an analysis of the next trend to expect.
However, the Prediction Software has some shortcomings. The most prevalent is the inaccuracy of the analysis. For example, the software is not always accurate when analyzing and predicting the outcome of specific events, such as football. In this instance, the scope of the software is to analyze previous data without factoring in the human element, such as the form of the team and the stability of the players and athletes.
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Arbitrage Betting Software
Arbitrage betting software is mostly used by bookmakers that want to explore the full opportunities of arbitrage betting.
In this case, the software is used to back at different odds at different bookies. You may want to leverage this to lay back on one bookie and back at another bookie.
At the end of the day, you will make the most of both opportunities because the software makes timely updates while highlighting the differences in multiple bookies.
This way, you will find unique betting opportunities and seize the same to walk away with some profits, irrespective of the outcome of the match.
Unique Software Solutions to Choose from
Bookies also have multiple solutions to choose from as far as sports gaming software is concerned.
These are some of the popular software solutions for bookmakers:
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Security Features
Sports gaming software solutions include advanced security features. This includes DDoS Attack Interceptor and Web Application Firewall protection.
The two are designed to protect the bookmaker sites against malicious attacks and other forms of cyberattacks intended to harm the servers and the content of the platform.
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File Distribution
Excellent software comes with improved file distribution features. This makes it easier to facilitate fast and efficient game updates and downloads.
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IP Blocking
The software solutions also include IP Blocking and Geo-Blocking. This goes a long way to shut out access to the gaming site from locations or jurisdictions that are not included in the regulatory policies.
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Video Streaming
Live video streaming is also a part of the software solutions used by bookmakers. The video streaming solution does not end at delivering high-quality videos to improve the player’s gaming experience.
It also includes real-time streaming capabilities that enable live chat and in-play betting.
Benefits of Online Gaming Software Solutions
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Smarter Control
Most software solutions are designed to help bookmakers to have absolute control over the software.
The controls exercised here include integrating the software with the existing workflow via API, analytics for monitoring, measuring, and gaining insights into the visualizations of the software.
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Optimized Delivery
A majority of punters use their smartphones to bet on their favorite games. This is something that the gaming software solutions provided by offer to the bookies partnering with us.
This solution makes the job of detecting the device used by the players easier. That way, the variety of games offered by the bookie will be optimized and delivered to laptops, smartphones, game consoles, or any other device used by the players.
Conclusion
Your sports betting site needs a reliable software solution that detects some of the players and makes the same available to them in the shortest time possible.
NuxGame can help you do that. All you have to do is to contact us with your specifications and we will get the job done.
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