Here at BetXTech, we have an innovative approach in offering No-Risk Sports betting to Operators who prefer NOT to take on the burden of creating and monitoring markets, taking on risk and managing liabilities of a traditional sportsbook. Our No-Risk sportsbook solutions cover several channels including EPOS bet capture systems for over the counter (OTC) betting, self-service kiosk terminals for anonymous betting, mobile devices and the web.

Here’s how it works:

We provide a ‘white-label’ solution (through one of the above mentioned channels) that allows you to offer a sportsbook at no risk or liability on bets which are passed directly onto the Betfair Betting Exchange platform at http://www.betfair.com

Our system allows you to put a ‘margin’ on those odds/prices offered on the Betfair Betting Exchange, and you in turn offer the resulting odds/prices to your customer at no-risk to you. Your profit comes from the margin based prices and also on % stake that a customer bets as our software allows for this through the model. You want your customers to win bets and win big since you also win as your customer bets are passed through your betting account with Betfair - this account (a.k.a. an aggregator account) acts as a bank or float so you can accept bets through your site.

For use of the Betfair data including sporting events/markets, and odds/prices all automatically generated through our solution, you have to enter a commercial partnership agreement with Betfair for shared revenue generated.

Melcom Copeland, Director
BetXTech
Loft #16,The Creative Lofts
15 Northumberland Street
Huddersfield, HD1 1DT
England

t: +44 020 8123 0968
w: http://www.betxtech.com
w: http://xcepos.betxtech.com

This entry was posted on Monday, August 24th, 2009 at 8:22 pm and is filed under BetXTech News, Betting Business News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.