Sportsbook vs. Betting Exchange: Making An Informed Choice

What is Online Sportsbook software?

An iGaming software program that lets you take bets on sporting events of your choice and pays out winnings once the match is over. You can bet on one athlete or the whole team of your choice. An excellent Online sportsbook software allows you to manage your risk while working on the platform. Betfoc offers some amazing versions of sportsbook software that you can explore here.

Advantages of a sportsbook

• It is easy to use and a perfect platform, especially for beginners in the iGaming industry.
• You get a wide range of games to bet on, ranging from baseball to cricket.
• You can avail of offers and bonuses if you are a newbie.

Disadvantages of a sportsbook

• Once set, the odds can’t be changed. You can, however, apply risk management to Betfoc sportsbook software.
• Whatever money you win, the platform will take a part of the fee.
• In major scenarios, you cannot place bets against the odds.

What is an Online Betting Exchange?

An online betting exchange is an open marketplace that connects bettors who want to wager on each side of a game. Rather than taking bets and setting odds like a traditional sportsbook, exchanges provide a platform where bettors can wager against each other peer-to-peer. The exchange collects a commission on winnings as revenue.

Advantages of betting exchange

• The odds are better in a betting exchange as they are peer-to-peer.
• They let you enjoy the process of betting based on the outcomes.
• At a betting exchange, you have many betting options.

Disadvantages of betting exchange

• Since it has advanced features, it appears complex to new players or beginners in the iGaming industry.
• Liquidity is an issue if you are aiming for the niche markets.
• Betting software does charge a commission on the winnings, but it varies from one platform to another.

Why choose Betfoc as your betting software provider?

Betfoc has been in the business for about 10 years and has successfully served 5 million people. We are the leaders in the iGaming software market and have a wide variety of experience and offerings for our clients. We offer 3 types of betting platforms, namely:

White Label Sports Betting Software

Our White label services can help you start your betting platform in the shortest time possible and most cost-effectively. It comes with ready licenses, and all you have to do is use your branding to get started.

Turnkey Sports Betting Exchange

If you have an iGaming license but no software to accompany it, you can use the Betfoc Turnkey Sports Betting exchange to launch your business and take it to new heights.

White Label Sports Betting Exchange

If you are looking to buy software that can help you with live betting during sports events, the White Label sports betting exchange from Betfoc is your best bet.

You can make an informed decision on the various types of software here. Once you are through with the comparative analysis, we urge you to book a free consultancy with us so that you are aware of all features that you can include.

Advantages of using Betfoc

Risk Management

Betting can be risky, and if you are new to the iGaming industry, you may not understand the basics of online betting. You can use Betfoc White Label solutions or Turnkey sports betting software for your audience. With an added risk management tool, the chances of people getting hooked to your platform will be quite high.

Cost-effective

If you are on the lookout for a cost-effective measure to launch your own platform, the Betfoc label is your best bet. We combine our experience and expertise to ensure that you get the best iGaming software in the price that you desire. It may be light on your pocket, but the features are such that you will rule the betting software business.

Quick Launch

With our ready-to-launch White Label platform, you can hit the market sooner than you expect. All you need is to put your branding in the well-managed and customized iGaming software and you are good to go. Need more from us? Our clients are happy with our after sale services that include maintenance and regular updates.