CNBNews

Bookie software is also known as sports betting software or oddsmaker software. This is a type of technology that allows online sportsbooks to operate. The term bookie is short for bookmaker. You can learn more about this if you click here. 

The technology assists bookies in accepting wagers for sporting events, setting the odds in different sporting events, and paying out any winnings to bettors. Bookies make money by charging a vigorish, also known as juice or a vig. This could also be called the transaction fee for placing a wager.

The History of Bookies 

In the past, bookies were considered illegal gambling, especially in parts of the world where sports betting was illegal. Sports betting was banned in parts of the United States for the longest time. Most states in the United States are only starting to relax their rules and regulations towards online Sports betting.

Bookies would act as an underground facilitator of sports betting for people who wanted to place a wager on sports events. Most bookies operate on their own, while some may choose to work in a broader network. The first recorded bookie was in the 1700s. 

It all started in the United Kingdom when Harry Ogden opened a bookmaking operation. He created something that has become a business worth billions. So many people can now understand and trust regulated sportsbooks. 

Types of Bookie Software

Many bookie software programs include various features to assist bookmakers in the day-to-day running of their business. These features include creating betting limits, managing customers and tracking losses, as well as wins. Many software packages also have features that allow the building and managing of websites or online gambling platforms.

Bookie software could be either client-based or web-based. This simply means web-based software is accessed through a web browser. On the other hand, client-based software is installed on a computer.

Web-Based Software

Web-based software is also considered user-friendly as it doesn't require an update or an installation. Using a web-based system means you can manage the sports betting business by reaching a broader market. Unlike traditional brick-and-mortar bookies, web-based bookies can reach a much wider audience.

Web-based software is an excellent way to build your online betting business. It's easy to use and very cost-effective.  Web-based software is also considered cheaper. This means a bookie can save on startup and long-term costs.

Client-Based Software

This is also considered a secure form of software as it’s installed on your computer. This can be complicated to use due to the need for constant updates. It also can be very costly. 

With client-based software, users place their wages directly with the bookmaker without an intermediary. High-rolling gamblers commonly use this software as it’s easy to control their bets and avoid fees from third-party betting sites.

Which One is Common in the US? 

Most online bookies in the United States use the web-based option. It’s considered the most user-friendly solution, also known as pay-per-head. To find the right pay-per-head service, you must research. You can research by visiting the company's social media pages and checking out customer reviews with experience using the software.

The features provided by a bookie software program may vary. Some software programs have more options than others. When selecting a bookie software provider, there are many elements to consider. Knowing what you want the software to do for you and how much you will spend on it is essential.

How to Select Your Software Provider

Choosing the right sports betting software provider is essential to ensure that all processes work accordingly on your side. You need to consider the following:

Payment Security

This has become an essential factor with online sports betting sites. Bettors want to ensure they won't lose their money when they place a bet. Good software should offer secure payment processes to its users.

It should be user-friendly

The software should be intuitive and user-friendly. You shouldn't struggle to figure out the software.

It should have a variety

The software should offer various markets, a broad spectrum of sports and betting types.

Customer service

If you experience any problems with the software, you should be able to reach the software provider through customer service.