Do you want to choose the best bookmaker software for your bookie platform? Several factors must be considered, including the reliability of the software provider. In this article, we are going to discuss some of the factors to consider when picking the best betting software for bookies.
What Makes a Good Bookie Software?
The availability of games, integration of agent payment solutions and player management tools are some of the features or good bookmaker software.
Asides from those, there are several other factors worth considering when picking the best software for your bookmaker platform. These features include:
1. Can the Line Movement be Adjusted?
This is one of the most important features of the bookie software. The software needs to have line movement and adjustments, which allow the bookmaker to move the lines when it is pertinent to balance the lines.
2. Should You Consider a Mobile Betting Option?
The software also needs to support mobile betting, especially now that lots of gambling activities take place via mobile devices.
3. What About Player Reports?
Reports or information about the players is also crucial. The software needs to be automated to make this work perfectly. Ideally, the player report option makes it possible for the software to monitor and deliver information about the players’ activities on your betting platform.
How to Choose the Best Bookie Software
Here are some of the important factors to consider when you want to choose the best software for your bookmaking platform:
1. How can Risks be Handled?
Have you considered how to handle risks on the bookmaking platform? Risk management options need to be provided, considering that betting is a risky venture, which could “eat up” the bankroll of the punters.
For that reason, consider the following as some of the best ways to reduce risks on your bookie platform:
A Separate Administrator Dashboard
The administrator of the bookie platform should have a separate dashboard, making it less susceptible to hacks and other forms of cyber-attacks.
KYC Management
Know Your Customer (KYC) is an important metric for having relevant information about the users of your bookie platform. The KYC process includes but is not limited to:
- Verifying the documents containing personal information about the punters.
- Facial verification to confirm the facial attributes of the bookie platform users.
Also, the information obtained during the KYC process needs to be properly stored to prevent getting into the wrong hands.
Anti-Money Laundering (AML) System
The platform also needs to have an Anti-Money Laundering (AML) system, a special method of preventing bankroll gotten from fraudulent activities from being used on the betting platform.
2. Does the Software have Multiple Betting Options?
In the past, many bookies would allow the punters to use the limited, traditional betting options, such as making bets via credit cards.
Today, the trend has changed, as you can now use several betting options. The availability of these betting options also offers the punters a chance to choose the ones that fit their betting strategies.
Examples of the popular betting options are:
- Head-to-head bets
- Parlay bets
- Over/Under bets
- Straight bets
- Pool bets
- Each way bets
- Handicap bets
3. What are the Types of Integrations?
How many integration options do the bookie software have? You want to look for the availability of several integration options, as that makes it simpler for the software to be added to other platforms.
Have in mind that the types of integration options depend on the budget or amount you have, as well as the needs you want to meet with the software.
These are the two most popular forms of integrations for bookie software:
API Integration
This is the most affordable and easiest way of integrating the bookie software to your platform. All you have to do is to enter the API keys and make a few customizations for the software to start working.
Customized Solution
The customized or readymade solution is the costliest, but one of the best integration options. With a customized bookie software solution, you can specify the services that would be added, as well as how they can be integrated to the bookie platform.
4. Are the Payment Options Secure?
The payment options need to be secure, as you don’t want the punters to encounter some challenges when making payments or withdrawing their earnings.
Also, you want to pick bookie software that supports multiple payment options. Some of the payment option categories are:
- Credit cards
- Debit cards
- Cryptocurrencies
- MoneyGram
- Internet Banking
- Electronic Wallets (e-Wallets)
Final Thoughts
Everything we covered in this article are some of the ideas you want to have in mind when choosing bookie software for your bookmaking platform. While those ideas give you a general impression of what to look for, it wouldn’t be a bad idea to do more research to be sure of the things to look for.
Above all, make sure you pick a reliable bookie software provider to help you offer the best services to the punters.
