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Kambi reengineers popular parlay product with innovative Teaser+

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Kambi reengineers popular parlay product with innovative Teaser+Reading Time: 2 minutes

 

Leading sports betting supplier Kambi has developed an innovative version of the popular teaser parlay, after implementing a new method of pricing the wager which delivers greater value to bettors than the common teaser product.

Teaser+, which was launched in time for the start of the NFL season, differs from the traditional teaser due to the fact Kambi’s in-house trading team generates a price based on each individual leg of a player’s chosen parlay.

Until today, all teaser parlays have been allocated a pre-determined price according to an operator’s static odds table. For instance, a three-team parlay gaining seven points on the spread will be allocated the same odds each time, no matter the identity of the teams involved.

In reinventing the product, Kambi’s trademark-pending Teaser+ swaps the odds table for its wide range of in-house generated alternative lines, thereby ensuring the teased parlay accurately reflects the players’ selected teams, match factors and related probabilities.

As a result of this more precise and fully automated process, Kambi’s Teaser+ not only gives players the price they would receive if they selected the teased spreads individually, but in almost every instance generates a more generous price when compared to the odds tables used by other operators and suppliers.

Furthermore, having priced each parlay leg separately, Teaser+ can treat ties as a push to keep the remaining selections running – right down to two-team parlays, meaning Kambi-powered operators will be alone in settling a two-team push and win teaser as a winning single wager.

The launch of Teaser+ further enhances Kambi’s market-leading US proposition and underlines the supplier’s position as one of the industry’s leading innovators, having also been first to develop Cash Out, the live ticket system which was recently debuted in New Jersey.

In addition, Kambi recently expanded the scope of its price differentiation tool, which now gives operators the freedom to adjust the competitiveness of their betting margins across all major US sports.

Kristian Nylen, Kambi Chief Executive Officer, said: “For two decades, Kambi has been at the forefront of sportsbook innovation, releasing products and enhancements that have raised the bar in user experience, which ultimately drives greater returns for our operators.

“When we considered how the market priced the classic teaser, we felt the processes involved had failed to evolve with the wider industry, or kept pace with technology, therefore we identified and implemented a more efficient and transparent way of offering these bets.

“Kambi’s Teaser+ has the potential to fundamentally change how both operators and bettors consider teaser bets, with our modern approach a step away from the current one-size-fits-all system to deliver a fairer and more advantageous price to the player.”

 

 

About Kambi:

Kambi is a provider of premium sports betting services to licensed B2C gaming operators.  Kambi Group plc is listed on First North at Nasdaq Stockholm. Our services encompass a broad offering from front-end user interface through to odds compiling, customer intelligence and risk management, built on an in-house developed software platform. Kambi’s 22 customers include DraftKings, Rush Street Interactive, ATG, Kindred Group, 888, LeoVegas, Mr Green and Napoleon Games. Kambi employs more than 600 staff across offices in Malta (headquarters), Bucharest, London, Manila, Stockholm and Sydney.

Kambi utilises a best of breed security approach, with guiding principles from ISO 27001. Kambi is eCOGRA certified. Kambi Group plc is listed on First North at Nasdaq Stockholm under the symbol “KAMBI”. The Company’s Certified Advisor is Redeye AB.


Source: European Gaming Media

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Bulgaria blacklists more online betting domains

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Bulgaria blacklists more online betting domainsReading Time: 1 minute

 

The Bulgarian State Gambling Commission (SCG) has added two more online gambling websites to its blacklist of banned domains. The authorities found the two websites were operating without a gambling license.

The blocked websites according to the decision №55 of 18 January 2019 are df-bet.org and 1xdzug.host.

During the meeting, the Bulgarian State Gambling Commission has also made several decisions regarding local gambling business operators and companies. The relevant documents can be found of the official SCG section of Bulgarian Ministry of Finance website.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Bulgaria blacklists more online betting domains

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Analyzing How To Uberize The iGaming Industry With A Glocal Approach

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Analyzing How To Uberize The iGaming Industry With A Glocal ApproachReading Time: 2 minutes

 

BtoBet unfolds its latest Industry Report prior to flying to ICE London

With the first years of the iGaming industry defined by the use of inflexible in-house technological solutions, nowadays there is general consensus that the use of technology developed by tech visionaries is the only way forward to guarantee constant innovation and an optimal player experience.

In its latest Industry Report, “Uberizing iGaming with a glocal approach”, BtoBet analyses the industry’s past rigid approach to technology, and its own current endeavour to uberize the market through a harmonization process of cutting edge technology, which easily morphs itself to the different business and market scenarios, constantly adapting itself on a local level.

In his dedicated editorial, BtoBet’s CEO Alessandro Fried states that it is of the utmost importance for operators to have at their disposal advanced technological solutions which they must couple with the right knowledge and expertise from a local perspective in order to meet all their pre-set goals. “It is a must to keep in mind that one size does not fit all. Technology that excels itself in a mature market will not work in a more technologically limited context and thus will have to adapt itself. The eventuality of making it big in one local market does not necessarily mean that adopting the same approach will eventually pan out as expected in another, even if neighbouring, country. Obviously this applies also vice versa. But for this to work out without any hiccups you must also have the correct know-how of all the the various aspects that constitute the context where licensees will be operating.”

The Report also focuses on the unique elements that constitute the White Label Partnership (WLP) Program, the industry’s first real uberization model, where technology and operational services are streamlined in a holistic way for White Label Operators to easily access the online channel, even without their having the prior expertise in this particular field. Particular reference is made to the Latin American region, with the WLP Program expanding in the region via the certified partnership with Wildar Gaming who will start delivering BtoBet’s advanced technologies and operational services in the region to other White Label Operators.

Download BtoBet’s latest industry report and schedule a meeting to meet our team of experts who will be present at ICE London at S1-320 to analyse and understand which approach best fits your operational requirements.

 

About BtoBet:
BtoBet is a multinational company and is part of a group with 20 years of experience in software development in IT, telecommunication, e-commerce and banking, strongly committed to technology and widely investing in technology research and development. The experience gained at the forefront in these advanced environments, compared with the more recent gambling industry, allows BtoBet to be visionary with a deep understanding of the requirements of the market, catching changing trends and anticipating bookmakers’ and operators’ needs. BtoBet is a true partner in technology, offering a standalone platform and services for the iGaming and Sports Betting industry. It counts on a very talented, continuously trained development team and day to day management support to clients. BtoBet allows licensees to be unique in the market, by giving them the opportunity to completely personalise their offers for Sports betting and iGaming business, online mobile and retail. BtoBet has technical branches with large ever-growing teams of developers in Skopje, Ohrid, Bitola, Belgrade, Nish, Tirana, and Rome. Malta hosts the commercial and marketing centre. Visit our site on: www.btobet.com


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Analyzing How To Uberize The iGaming Industry With A Glocal Approach

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New Jersey to put a cap of $5 million on sports bet

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New Jersey to put a cap of $5 million on sports betReading Time: 1 minute

 

New Jersey gaming regulators are bringing in a new set of betting regulations, which would put a ceiling of $5 million for betting.

As per the new regulations, sportsbooks cannot accept bets over $5 mm. There’s no indication that any New Jersey sportsbook has taken a bet anywhere close to that figure, but the New Jersey Division of Gaming Enforcement seems interested in being cautious. However, it is definitely not impossible that a sportsbook has already taken a multimillion-dollar bet. Collectively, the state’s books have already taken more than $1.25 billion worth of bets.

“No wager in excess of $5 million can be accepted for any reason,” read a line in the 106-page document of proposed regulatory changes. It is known that the median wager on DraftKings Sportsbook in New Jersey is less than $10, so the limit is relatively astronomical and probably will have no impact on anyone’s bottom line.

 


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: New Jersey to put a cap of million on sports bet

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