If you're looking at starting an online sportsbook or bookmaker in 2020, there isn't much that will make you more excited than being able to offer your customers access to live sports wagering (or 'betting').
However, this doesn't come cheap as setting up a new sportsbook from scratch can be expensive - especially if you want to provide high-end features such as live streaming. Luckily, many of today's leading online gambling companies have created their very own brand of Sports Betting Platforms or SSPs which allow smaller firms like yourself to quickly set up a fully functional sportsbook without having to invest too heavily into developing its own proprietary product.
In this article we'll look at what exactly these platforms entail, as well as some of the most popular ones out there right now. We'll also take a look at who offers the best services in terms of providing premium content and offering the highest value per dollar spent.
A good sports betting platform should give clients all of the tools they need to succeed when making bets on sporting events. This includes everything from simple statistics packages to detailed analyses of teams based on previous performances against other opponents.
The key feature here is that any given client would be able to use whichever one suits them best. So while each company may offer different types of analysis, each package will usually include similar information so that users don't feel overburdened by choices. This means you won't find a massive range of options available to choose from, but instead only a small selection of data points that could potentially suit your needs best.
At the time of writing, the best sports betting app I've found has been BetOnline Live Sports Betting. It comes loaded with stats, player profiles, lineups and odds for hundreds of major sports leagues around the world. The interface itself looks great and is easy to navigate. If you're looking for something even better though, then check out my full review of the top 5 NBA betting sites where you'll see why Bovada is currently topping the league!
As mentioned above, finding the perfect sports betting software is crucial when trying to build a successful business venture. Fortunately, there are plenty of providers offering quality products across multiple industries including sportsbooks and casinos. However, it's important not to get caught up in price alone, because sometimes cheaper prices simply aren't always better.
For example, if you were considering using the same old software for both your casino and sportsbook, you might think that $25/month is reasonable enough to pay for a single license. But if you consider that you'd actually have to spend another $5/person every month just to keep track of things, then spending twice as much wouldn't seem unreasonable after all.
So before choosing a particular program, try to compare pricing models rather than relying solely on cost. You'll end up saving money overall if you buy two licenses for your website instead of buying a single one for the whole enterprise.
One thing that many people often overlook when deciding whether or not to sign up for a paid subscription model is whether or not the content provided is valuable enough to justify shelling out cash upfront. After all, if you just want to place wagers on games during specific timeslots, then you probably don't need anything more sophisticated than a basic line calculator anyway.
But if you really enjoy watching players compete against each other and analyzing the results afterwards, then it's definitely worthwhile getting involved in professional football predictions. In fact, one of the biggest benefits of signing up for a paid service is that you can expect accurate predictions that are delivered straight to your inbox every week. And since most of us know that our favorite team tends to win about 50% of the time, this makes picking winners a lot easier.
In addition to predicting outcomes, many experts will also tell you that it's possible to beat the spread through careful study of opposing statistical trends. By taking advantage of these patterns, you can increase your chances of winning significantly. For example, if you knew that certain quarterbacks tend to throw interceptions less frequently late in close contests, then you could adjust your strategy accordingly.
Of course, no piece of advice is ever going to work 100% of the time. Some weeks you're bound to lose big money due to bad luck, but if you stick to following the tips outlined above you should eventually reap the rewards of hard work.
While picking NFL games is certainly fun for anyone interested in sports, the truth is that it takes years of experience to become truly expert. Therefore, unless you plan to devote several hours every day to studying game logs, you'll probably never reach a point where you can consistently pick winners.
That said, there are still a few ways in which you can improve your skills without investing months upon months of effort. One option is to join a reputable forum dedicated to discussing football strategies. These places typically host threads where fans discuss recent matches and share their insights on how to analyze the outcome. While you might not learn quite as much as if you had personally witnessed the event, this method does require relatively little investment of time.
Another way to get started is by joining a community of professional gamblers who regularly post their latest findings. Many of these people will share their knowledge of past matchups and help you identify the factors that contributed to success or failure. Although you'll likely have to put in considerable amount of effort to understand their methods, it's a far quicker path than learning the ins and outs of the sport yourself.
And finally, you can always turn to the internet and do a search for "best free NFL handicapper" to find someone whose expertise seems trustworthy. Most websites that claim to be able to predict future results almost invariably contain ads promoting subscriptions and other forms of revenue generation. So while these individuals are generally knowledgeable, you shouldn't assume that they're necessarily honest.
Whatever method you decide to employ, remember that nothing beats practice. As long as you continue to hone your skills and develop new techniques, you should be able to achieve consistent success soon enough. Good luck!
If you're looking for an easy way to get into online gambling, then it might be worth checking out one of the many white-label sportsbooks available on the market today. These services are perfect if you want to try something new without having to go through the hassle of setting up your own site or app from scratch yourself.
White label sportsbooks can also help existing sites that aren't getting enough traffic to make enough money. They allow users who have already built their brand around a particular sport to offer them as a standalone extension instead of making them switch platforms entirely.
That said, there are some downsides to using white label sports betting providers. It can take months before they launch because of legal requirements, so it could be hard to find people willing to risk their reputation by offering these types of products in the first place.
But even though this isn't always possible, it's still important to know what exactly makes a good sports book when choosing between different options. So let's dive right in!
You probably heard about Michael Jordan, but did you know he was never actually a professional basketball player? He just happened to play at a really high level for years, which made him popular among fans. And while his name may not ring any bells among casual gamblers (yet), he is widely considered to be the greatest basketball player ever. That being said, he wasn't necessarily better than other players, either -- he simply had more opportunities to prove himself due to his celebrity status.
So why does this tell us anything useful about picking a sports book? Well, it shows that luck plays a huge role in sports betting success. The most successful athletes are those who were lucky enough to live long enough to become famous. If you look back over history, however, legendary sports figures like Tiger Woods, Roger Federer, Serena Williams, Bill Russell, Wayne Gretzky, Joe Montana, and others didn't have nearly the same odds of becoming superstars as someone like LeBron James.
This means that we shouldn't expect all our bets to pay off too often, no matter how much experience, skill, and knowledge we bring to the table. Instead, we should focus on things like understanding statistics and learning how to pick winning teams.
The key factor here is "betting strategy". This term refers to the mathematical formulas used to determine how likely certain outcomes will occur based on past data. For example, a baseball gambler might consider factors such as home run rate, strikeout rates, batting average, pitcher quality, ballpark dimensions, etc., to decide whether or not to wager on a game.
Some algorithms are designed specifically for sports betting purposes, whereas others are created for general betting purposes. In fact, the latter type of system is usually applied across multiple games rather than focusing on individual contests.
There are three main categories of sports betting strategies, each of which has its pros and cons. Let's break down each category below:
Sports analytics models
These systems rely heavily on historical data collected during previous seasons. This allows analysts to predict future performance without needing access to actual stats. However, it doesn't work well in cases where there's little information to draw upon.
Machine learning
Instead of relying solely on statistical trends, machine learning uses artificial intelligence to learn patterns within large quantities of real-world data. As such, it lets sports bettors identify tendencies that humans cannot see, such as when a team starts playing poorly after losing several consecutive matches.
However, since machine learning requires plenty of training data, it won't work very well in situations where the sample size is small.
Statistical analysis
Lastly, you'll find sports betting models that combine elements of both analytics and machine learning. This approach combines the accuracy of traditional methods with the flexibility of AI. With this method, you can adjust parameters to improve results.
As mentioned earlier, sports betting relies heavily on statistics, particularly when it comes to analyzing probabilities. This means that only highly skilled professionals with deep analytical backgrounds will stand a chance of succeeding in this field.
In addition to this, some top experts claim that there's nothing special about the process of making predictions. Rather, it's just a matter of applying common sense to the numbers and drawing conclusions. After all, anyone can study the numbers and come up with a formula that seems to give accurate scores every now and again. But there's no guarantee that the person doing the math correctly understands the context surrounding the outcome.
On the other hand, there are quite a few sports handicappers out there who swear by their skills. Some of them even provide tips directly to customers via social media channels, websites, blogs, forums, newsletters, and email lists. There's no set rule for determining whether or not a given tipster is legit, but generally speaking, if they've been providing consistent advice for a number of years, chances are they are indeed legitimate.
One thing to keep in mind is that although you don't need credentials to succeed in sports betting, it certainly helps. Being able to read and understand basic probability concepts is a must, especially when you begin working with complex equations.
It's also helpful to build relationships with other industry insiders. While it's fine to follow the advice of strangers who make promises on Twitter, it's far less reliable than following established experts. Of course, it's impossible to say for sure until you've tried both approaches.
Finally, remember that everyone has their own opinions about what constitutes a good prediction. You might disagree with the expert's conclusion, and that's okay. Just try to avoid falling prey to confirmation bias.
When researching sports betting tools, it's important to note that there are two sides to the equation. On one side, you'll find a wide variety of companies that sell sports betting software. This includes everything from full-blown betting platforms to simple betting calculators.
On the other side, you'll find sports bettors themselves. Many of them prefer to operate independently and sell their picks via their personal blog, YouTube channel, website, newsletter, or Facebook page. Others prefer to join together with other knowledgeable individuals to form partnerships and share profits.
Ultimately, it depends on your budget, preferences, and expectations. If you're starting out and don't have a lot of cash lying around, you might choose to buy a piece of software instead of hiring a pro. Conversely, if you plan to invest substantial amounts of money in a single project, it might make more sense to hire an experienced punter.
Either way, once you figure out what works best for you, stick to it. Don't change horses midstream, otherwise you'll lose valuable momentum and end up wasting resources trying to optimize your efforts.
And finally...
Before signing up with a reputable sports betting company, check out the terms and conditions carefully. Even though you might think you're reading a standard agreement, there might be clauses buried somewhere that would surprise you.
For example, you might discover that you agree to forfeit winnings whenever the owner discontinues operations. Or maybe you're bound to lose part of your investment if another party goes bankrupt. Keep in mind that the more serious the consequences of breaking the contract, the greater the incentive for unscrupulous operators to mislead you into taking the deal.
If you're looking into starting up an online sportsbook or bookmaking operation, then there are plenty of platforms that can help you get started on the right foot. One of these options is through using a white label sportsbook, which allows you to partner with another company in order to offer their services under your brand name. The benefit here is that you'll be able to provide customers with all of the necessary tools they need to make sure that they have everything covered when making bets. But what exactly is this white label sportsbook thing, anyway? And why should you care about one over any other option out there? Let’s take a closer look at both sides of the equation so you know whether or not you want to go down this path!
Buying picks refers to those who will supply you with information regarding the outcome of games before the game even happens. This could be done either by watching certain players closely, or simply analyzing stats from previous games. You may also find yourself getting tips directly from teams themselves. Either way, buying picks provides you with valuable insight as to what might happen in each particular matchup. For example, if you were going against the spread and got lucky enough to win $50,000, but only after paying $100 per pick, wouldn't you feel like you had gotten ripped off? In reality though, that would just show you that you hadn't been smart enough to place the correct wagers beforehand. So while purchasing picks helps you gain access to some very helpful information, it doesn't guarantee victory -- instead, it gives you the edge needed to overcome the odds.
The same goes for sportsbooks that don’t use such a service. If you aren’t willing to pay for something, chances are you won’t end up winning anything. It’ll still cost money regardless, because you have to put together the proper lines and handle every aspect of the business yourself. However, if you choose to purchase picks, you'll likely save time and effort during the process. Instead of having to manually track down the results of many different contests, you can instead focus on placing more accurate wagers than ever before.
In addition to saving time and energy, you'll also likely see better profits come your way. Since you're no longer spending hours researching and testing various lineups, you'll have much less work to do overall. Additionally, since you've already taken care of most of the heavy lifting, you won't have to worry too much about things like taxes and payroll. As long as you stay within legal limits, you shouldn't run afoul of any laws (though we'd recommend consulting with someone first).
When choosing between several reputable sportsbook providers, you'll often hear people refer to "the best" or "best-in-class." When it comes to picking a specific person to follow, however, it's important to understand that everyone has his/her own strengths and weaknesses. There are certainly individuals who excel at finding value plays throughout the week, while others excel at finding top-notch spreads. No matter what kind of player you prefer to follow, you should always check out the past performance records of the individual you plan to hire. That being said, let's take a look at three of our favorite experts that you can turn to next time around when you're trying to figure out where to place your bets:
Matt Stevens: Matt Stevens is widely regarded as one of the best football analysts in the world today. He is known for providing insightful analysis on all major sporting events, including college basketball, baseball, hockey, soccer, and golf. His ability to break down complex statistics and combine them with knowledge gained from years of experience makes him a true expert in his field.
Chris Chase: Chris Chase is a longtime professional gambler, analyst, and writer whose career spans decades. He currently works as a senior editor at SportsLine.com. Aside from writing articles and columns, he regularly appears on radio shows across the country, giving viewers insights into trends and developments in the sports industry.
Joe Goodberry: Joe Goodberry is perhaps the biggest names in sports gambling. With nearly 30 years of experience and millions of dollars in wins behind him, Goodberry knows his stuff. After leaving ESPN in 2015, he began hosting the popular podcast “Sports Gambling Radio,” along with cohosting the daily sports news program “Athletes Talk Football” with former NFL star Charles Woodson.
Data isn't limited to just sports betting, but rather applies to pretty much any activity you can think of. What kinds of numbers do sports bettors typically consider when evaluating potential outcomes? Well, according to BetOnline, they tend to favor the following aspects of a given contest:
Odds - The total amount of money placed on one side versus the other.
Moneyline – The total amount wagered on one team minus the total amount wagered on its opponent.
Spread - A measure used to determine the difference between two teams' point totals.
Over / Under – The amount of points scored above or below average expectations.
Point Spread – The amount of points a team is expected to score based upon its recent record.
Total Points – How many regular season points the home team is projected to accumulate.
Team Total Score – An estimate of the number of points the home team is expected to score based on its current strength.
Home Field Advantage – The effect in which visiting teams perform worse on the road compared to playing at home.
Field Goal % – The percentage of goals made via kicks from beyond 50 yards away.
Punt Return Percentage – The probability of returning punts successfully.
Receiving Touchdown Probability – The likelihood of catching passes thrown 20+ yards downfield.
Pass Interception Rate – The rate of interceptions caused by pass attempts.
Return Interception Rate – The rate of interceptions caused by kick returns.
Kickoff Return Average – The distance traveled by kickoff returners after kicking off.
Defense Turnover Ratio (DTR) – The ratio of fumbles lost to touchdowns forced.
Turnovers Forced – The number of turnovers generated by opponents.
Offense Turnover Ratio (OTR) – The ratio of touchdowns created to turnover opportunities.
Sacks Allowed Per Game – The average number of sacks allowed per game.
Interceptions Scored Against – The number of times opposing offenses threw interceptions.
Kicks Made By Kicker – The number of successful extra points attempted by the kicker.
Fumble Recoveries Lost – The number of fumble recoveries returned by opposing teams.
Special Teams Efficiency – The ratio of special teams touchdowns to touchbacks.
Average Time Of Possession (ATT) – The average length of time played by offensive possessions.
Time Of Possession Gained – The average increase in possession duration due to defensive penalties.
First Downs Created – The number of first downs created by offense.
Third Down Conversions Attempted – The number of third down conversions attempted.
Third Down Conversion Successful – The number of third down conversions completed successfully.
Fourth Quarter Lead Losses – The number of fourth quarter leads lost by the offense.
Fourth Quarter Comeback Wins – The number of comeback victories achieved by the offense.
These metrics obviously aren't meant to be exhaustive or definitive, but merely serve as examples of the types of information that bettors tend to gravitate towards. Once again, remember that everyone has different preferences and priorities, so it ultimately depends on what type of user you hope to attract to your site.
Just as with sports bettors, there are many factors that influence what players look for in a sportsbook when deciding whether or not to sign up. Here are just a few of the main ones:
User Interface – While most users will agree that appearance matters little when it comes to choosing a suitable website, interface design definitely plays a role. Most people expect websites to function properly, and even minor issues can cause problems for inexperienced users. Look for features that allow for easy navigation, intuitive functionality, fast loading speeds, etc. These elements are especially important if you're hoping to attract new clients.
Security & Safety – Although security measures vary depending on what sort of payment method you decide to accept, it's usually safe to assume that any reputable sportsbook will implement basic safety precautions to protect users' personal information. They'll probably avoid storing credit card details unless absolutely required, and they'll keep transactions secure by limiting unauthorized access to sensitive areas.
Reputation – Reputation is arguably the single most important factor to consider when choosing between multiple sites. Fortunately, there are tons of resources available online that give you a good idea of how well a particular sportsbook operates. Sites like Trustpilot, Yelp, and Google Reviews are great places to begin digging deeper.
Just follow our battle-tested guidelines and rake in the profits.