Sports betting software: What is it and what is the best?
To make online sports betting, there are many complex variables to consider and analyze. To simplify the task for the bettors, developers are designing powerful tools every day: sports betting software.
Today, with the expansion of digital technology and the growth of the sports betting market, you don’t have to be Einstein to bet, or even to play it. In order to offer the best betting experience to their players, bookmakers like 22Bet Portugal are using sports betting software; similarly, they are making players use it to boost their winnings.
What is sports betting software?
A sports betting software is an algorithmic program designed by specialists to analyze and compare a large amount of data to help in decision making. Users usually use these software programs before and during the games.
Before a match, the software calculates probabilities of events based on precise statistics collected on several players, such as physical fitness, mental pressure, injuries. During the match, the software records all kinds of key data, such as ball possession, number of assists, shots on target, free kicks, and corners.
Types of sports betting software
As you may have guessed, there are 2 categories of sports betting software: software for bookmakers and software for players.
Software for bookmakers
Determining and analyzing prognoses, establishing events, odds and the bookmaker’s margin are complex tasks for the human brain. Sports betting sites delegate them to the software. There are some that are completely autonomous and manage everything from the analysis to the collection of the bets.
Software for players
Before making betting offers, bookmakers conduct analyses. But in order to make your bets, you also need to do your own analysis, and that’s where sports betting software for players comes in handy. These are professional-level tools that can be free or paid for.
The best suppliers of sports betting software for bookmakers
The design of online gambling software is an activity that many companies and start-ups engage in. Just like casino promoters, bookmakers do not skimp on the means to offer themselves the best software on the market from suppliers, the most reputable of which follow.
- EveryMatrix: Still a young supplier, EveryMatrix already equips the best bookmakers and Casinos in the iGaming world. It develops innovative and standalone software for all types of online gambling. Among its best creations are OddMatrix, which offers 21,000 sporting events every month, and CasinoEngine, which develops 3,000 of the most popular casino games.
- SBTech: With its customer portfolio of about a hundred players in online gambling and chance, it is one of the leaders in the sector. It mainly supplies operators scattered throughout Europe and Canada. Its software has the reputation of offering the best odds as well as attractive platforms.
- BetConstruct: Founded in 2003 in England, this supplier designs its software in Armenia and markets it throughout Europe and worldwide. Compared to other software, these offer a wide variety of sports events and always the highest odds, attracting a very large number of bettors.