Are you looking for the right platform for your sports betting? Read here to find out about the best platform for sports betting and learn why you’ll love it.
Sports betting. It is a rising industry in the United States, with more and more beginners signing up for sportsbooks.
The sports betting industry was worth over $76 billion in 2021. By the end of the decade, that worth is expected to increase to around $167 billion.
In the meantime, several sportsbooks have popped up, meaning competition is greater than ever to get new bettors to use their platforms. So, how do those new bettors choose what the best platform is for them?
This guide will show you what to look for in a sports betting platform and hopefully get you closer to finding the right one for you.
One thing that you need to look at is what sports are available to bet on with each platform. If you are coming from the United States, the most popular sports like the NBA, NFL, MLB, and NHL should be available on every sports gambling software platform.
However, you may be a unique bettor and want to bet on sports from all over the world. With some sportsbooks, it may be tougher to find those less popular sports and less popular sports leagues.
Something that you need to do before committing to one sportsbook is to view what sports and what leagues each sportsbook allows you to bet on. From there, you can determine which one fits your needs.
Another thing that you will want to take into consideration is what type of betting odds each sportsbook typically offers. The best bettors typically shop for lines because the lines can improve their odds of making a profit on betting.
There are two main examples of this. The first example is point spreads. One sportsbook may offer the favorites in a football game at -7.5 while another one offers them at -7.
From there, you have to figure out what type of sports bettor you are. If you are someone that likes to bet on favorites, you should use the second sportsbook. If you like the underdogs, use the first sportsbook.
It is your job to see if there is a pattern that these sportsbooks consistently use.
Another example is the odds of each game. Some of these can involve the juice they usually charge to make these bets. In the example above, one sportsbook may have each side of that bet at -110 odds while another sportsbook only has -105 odds.
In that situation, you want to go with the second sportsbook. The odds mean that you only have to pay $105 for a chance to win $100 rather than $110 while having a chance to win $100.
While they may not sound like a big difference for one bet, those odds can add up if you lose a lot of those bets. Pick the sportsbook that has more odds that are friendlier for you.
Bonuses and Promotions
Another thing that a lot of sportsbooks will do is offer a sign-up bonus when you first join their sportsbook. What you want to do here is evaluate each and take advantage of the ones that work most in your favor.
For example, one sportsbook may offer you a risk-free bet of up to $1,000. This means that if you want to bet $1,000 for your first bet with that sportsbook, they will offer you $1,000 worth of credit to use on future bets with their website.
That can be a much better offer than other sportsbooks that may only offer $500, for example. However, it is important that you read the fine print when it comes to these promotions. That is because a lot of these promotions come with certain stipulations.
In the above promotion, a sportsbook may only give you two weeks to use your credit. That means for those that bet $1,000 and lost, you have to use that $1,000 in credit within the next two weeks, or you lose it entirely.
Another typical stipulation is that you generally cannot cash out your credit until you attempt to make a second bet with it. So, do not think you can get that money back without testing the waters again.
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Finally, do not forget to account for the customer service that a company offers. You may not think that you are going to need this with a sportsbook. However, you never know what can go wrong.
How long will you have to wait to get in touch with a customer service team? How fast will they be to solve your problem?
These are things that not only you should consider, but many Americans do too when it comes to general business. About 90% of Americans factor in customer service when it comes to deciding whether or not to do business with a company. Another 58% of Americans will take their business elsewhere if they receive poor customer service.
So, it is not out of the question to hold sportsbooks to the same set of standards. You should want to know that any potential concerns that come up, such as an issue with your deposit or finances, will be handled by them.
Find the Best Platform
These are some things that you should take into consideration when it comes to finding the best bookie software for you. You are going to want to make sure that you have good customer service, the best bonuses, and odds, plenty of different sports available, and good betting odds.
Do you want to make your own sports betting platform? Create your package with us today to get started.