IPL cricket betting exchange

The Indian Premier League (IPL) is a professional Twenty20 cricket league in India contested during April and May of every year by 8 teams representing 8 cities of India. The league was founded by the Board of Control for Cricket in India (BCCI) in 2008, and is regarded as the brainchild of Lalit Modi, the founder and former commissioner of the league. IPL has an exclusive window in ICC Future Tours Programme.

Cricket is a big business in many countries and the request to launch your very own betting exchange with our turnkey betting exchange software have gone from a a couple requests per month to a daily conversation.
Betting exchanges have been around for over a decade, but there are still people who don’t understand the concept as it is quite different from regular betting at bookmakers which we have become accustomed to.

WHAT ARE BETTING EXCHANGES?

Betting exchanges are transactions made between gamblers, where the bookmaker is only there to make sure that the transaction occurs and for that it charges a small commission which can be anywhere from 2% to 5%.

The popular Softbroke betting exchange uses Betfair api data feed to obtain the odds.
What our software does is to connect punters who have opposite views on the outcome of a match or a competition. In its simplest form betting exchanges enable one gambler to ‘back’ a player, a team or a horse to win, and the other gambler ‘lays’ the same player, team or horse to lose.

A bet can only be accepted if it is matched by another gambler. So for example, if you are backing Afghanistan to beat Zimbabwe in an ODI match, there must be another customer who believes that Zimbabwe and not Afghanistan will be the winner of the match. In this situation you are the one ‘backing’ the bet and the other gambler is ‘laying’ the bet.

Sites like the Softbroke betting exchange use advanced technology software which matches bets in an instant. If there are four figure bets, then the likelihood is that these bets will be matched – ‘laid’ by more than one gambler.

In betting exchanges are usually represented in decimal terms and instead of the fractional 2/1 you would get the decimal 3.00. A stake of $1 would return $3 with the stake included.

Most of the betting exchange business happens using credit or debit cards, provided that you have opened an account with the betting provider which provides you with a username and a secure password.

Finally, gamblers who lay the bets must make sure that they deposit enough funds to cover their bets. For example, if the odds that the layer is offering for Afghanistan beating Zimbabwe are 1.67 and another gambler backs this result with a $100 deposit, then the layer must make sure that he has at least $167 in his account to pay out the backer if this turns out to be a winning bet.

Start your own betting exchange business

If you are looking for your own betting exchange software without have to rely on any 3:rd party besides the odds data and pay a monthly fee and revenue to the system provider, then this is what you need!
We provide a fully dynamic system in the true essence of betting exchange where you will become the system admin with full overview and control.
Create your own sub admins who can manage their own players and run the business.

We recently added a notification system between users and admins to notify of deposits, limits, suspensions, signups and other relevant features to make the system easy to work with and handle.
The player will have a popup notification for a winning or loosed ticket after match end and the system includes a bonus management where you can manually handle everything or set it up to be automated.

The basic risk management system is on place too and allows you to set a global or personal limit on users and agents with the possibility to manually override any ticket, match and bet as an admin.

Browse the live matches and pre games from the powerful c-panel and either use any preferred odds data provider or we set you up with our ready made solutions, this way you can be online in a short time of period and start working on your business model insead.

Recieve payment from players with Skrill, neteller, Bitcoin, PayPal or manually credit players (offline cash deposit)
We can add any prefered payment gateway of your choise and the entire system can be fully customized and we offer the software setups as fully open sourcecode solutions for companies or groups with innovative ideas and want to own the setup yourselves rather then chipping in on any current provider who will actually own the system and the players you bring in.

With the Softbroke Betting Exchange software you will be the owner of your specific setup and decides all terms, conditions, commissions, agents, players and everything in between without the need of ask anybody else for permission.
Running your own system allows more freedom and bigger possibilities of expanding wide in the pace you prefer.
The software is fresh and clean, no outdated code or expired solutions exists.

The typical setup time is roughly 5-7 days to have it all configured and from there you will have full control over your own betting exchange platform with no limits of what you can do from here.
If you are ready to launch your very own betting exchange business, get in touch to hear about our software solution.

 

Betting exchange system

Start your own betting exchange online with real money and with the most popular sports and leagues of your choise.
It have never been easier to start your very own betting exchange, simply use our turnkey solution and be online within just a couple days with your logo, your rules and your very own betting exchange system.
betting exchange is a marketplace for customers to bet on the outcome of discrete events.
Betting exchanges offer the same opportunities to bet as a bookmaker with a few differences. Gamblers can buy (also known as “back”) and sell (also known as “lay”) the outcome, and they can trade in real-time throughout the event, either to cut their losses or lock in profit. Bookmaker operators generate revenue by offering less efficient odds. Betting exchanges normally generate revenue by charging a small commission on winning bets.

Softbroke offer you a turnkey solution to start your very own betting exchange online completely turnkey with online payment methods and offline credits / cash function.
No need to buy betting exchange software for hundreds of thousands euros / dollars any more, simply browse our software and you will see the similarity and great quality code, plus you will most sure save alot of money buying our solution rather to go with another provider.

Add your own admins, sub admins, agents and roll out the system for players to enjoy real money betting exchange.
With our powerful system you can choose what kind of odds and provider you need nd just to give you an example we can add real time
odds data feed from Bet365, Bwin, Betfred, william hill, sbobet and betfair.
Start your own business either by renting the turnkey system instantly or buy the full system out right away.

Initially we have Soccer, Cricket and Tennis,
if needed, we can add any sports you want to the system and even extra features like live sports streaming.
The software we have covers the features of the tradditional betting exchanges out there but we also have several different addons and improvements plus we are also able to provide you your own branded apps, fully in sync with the system.
If you are looking to start your very own bettig exchange for online gambling, look no further, have a look at our demos and feel free to get back to us for more iformation any time.

Lsports odds feed now available

We have fully integrated Lsports into our SoftMatrix sportsbook software so you can display highly accurate and
live in play data directly from Lsports through the system for your players.
Keep your customers coming back for more with live ongoing, wide coverage: 35 different sports, monthly events (100,000 pre-match, 30,000 in-play), and 100+ bookmakers worldwide.

Simply pick the sports and events that suits your needs and you do not have to pay for anything you don´t want and
grab the LSports integration with our special discounted pricing we can offer you when going with one of our software
solutions and Lsports data feed integrated.
To map a new data feed provider from scratch may take several months for sure to complete but with our SoftMatrix system
its allready on place, simply select the system you want to go with by browsing our sportsbook demos
and if you want to use the Lsports data feed into it, we guarantee you will be having the setup installed within 48 hours and the
data feed on place as long as you have the credentials ready.

Lsports data feed includes:

 Lightning-fast in-play data with the lowest latency in the market (0-1 seconds).
All-in-one data lifecycle: fixtures, livescore, statistics, odds and market settlement.
Easy and smooth integration process alongside various code samples.
Reduced operational costs; manual work is replaced with an automated solution.
Data coverage with an average of 100,000 pre-match events per month across 35 sports.

 

Big brand odds data provider actually buys odds data feed from other providers too, so basically you can get this
exact same odds feed through other providers but with topped up prices, with this said
before you go with any other odds feed provider, get in touch and lets compare services and pricing,
why pay more elsewhere when you can have the same result but still from an official odds provider?

New sportsbook software released

We have just released a new facelifted and cutting edge design for one of our latest SoftMatrix Sportsbetting setup.

The new BarneyRoss.com setup is powered by the popular Softbroke´s SoftMatrix igaming system where we pulled
off an attractive design and added a few more casino games and also including the poker software into the setup.
The structure of the system is very easy for any development team with skills in PHP / Cake and we allow you to add, 
change, build and rebuild anything you want and need into the code since we deliver you the open sourcecode software.
Have a look at our demo website and see all the features.

The system is ready to go with real money gambling and well known payment gateways like PayPal, Skrill, Bank transfer 
and also a new feature we added and calling the Credit module which is ideal for anyone who wishes to use a betting system
with the ability for the users to fill out certain parameters and apply for instant credit, the system automatically
generates a YES or NO depending on your settings related to this specific setup.

Bitcoin and Crypto Currencies are also included as payment gateway and using direct integration into the blockchain
players can deposit BTC directly to your wallet using the payment gateway, once its verified and recieved into your wallet
the players account gets funded with the ammount paid.

CoinPayments is another payment gateway also allready included in the software and offers over 1000 different crypto currencies
to be accepted into the system with a few easy clicks, very simple and very easy.

Our software options comes as open sourcecode and with this said you can rebrand the games as you like, add your own logo, branding, colours and you can rebuild the setup to look like something totally different as you wish, if you do not have the skills or “know how”
to pull this off, simply hire us to build your very own custom design.

Open sourcecode sportsbook & casino promotion

If you are looking for a turnkey solution with sportsbook and casino games then look no further,
We are now offering our SoftMatrix iGaming platform at a special discounted price.

The system allready includes the major parts that you would possibly need for a sportsbetting system.
Your players can place bets on all major events from all over the world, over 15000 leagues across 66 different sports and the odds feed is all included in the setup.
On the casino part we even included 12 mobile ready slots all good to go, since its all controlled by you from the control panel you have the option to actually set the winning percentage, maximum winnings and other related settings on each game seperately which makes this setup very profitable with the right marketing method.

The thing with the SoftMatrix iGaming platform is that we went mainstream with this setup, instead of offering the system at a setup fee plus monthly fee and on top of that a revenue in percentage (just like any other provider basically), we did the other way around instead and
offer the iGame platform at a one time cost only, you will get the latest version all installed onto your server and let you get in full controll of the entire structure of the setup without having to ask any white label partner for changes and addons which normally takes weeks or even months to fulfil, here you can do it yourself 24/7 since you get the actual full sourcecode of the system.

The sportsbetting and casino platform will be installed ready for you to access and use within just a couple working day and with this said,
you will be able to have your very own sportsbook and casino website online fast, simple and cheap in the long run since the only actual costs involved in this setup after purchase is your choise of server options, thats it.

Online casino in the US now available

Finally US opens up for online casino and gambling online and our US sportsbook solution is ready to run within 10 days fully installed.
Several casino stocks jumped after a U.S. Supreme Court ruling paved the way for states to legalize sports betting if they so choose.

The Supreme Court ruled in favor of New Jersey in the case of legality of a 2014 law permitting sports betting at casinos and racetracks in the state. The ruling voided the federal Professional and Amateur Sports Protection Act.

The ruling will break up Nevada’s monopoly on the practice. Illegal sports betting is worth billions of dollars annually. Some states see sports betting as a potentially source of tax revenue.

The Court’s decision opens doors to potentially allow legal sports betting in numerous states, possibly nationwide.

Softbroke sportsbook platform is allready ready to go with dozens of sports and with a wide range of sports feed wich can be used for the US market and with this setup you can run your very own online sportsbook business within a short period of time.

 

Finally you can get rid of all 3:rd party costs and restrictions, run your very own betting system where you actually get 100% commission on every bet placed and you will get the payment instantly on every bet you YOUR account, not any 3:rd party, there is no other system or white label setup who offer you this!
We provide you with the full setup and you will be ready to run within 7 days and to a fractional of the costs compared to other providers.

 

* 100% commission on every bet from players
* Pre match
* In play sports
* Affiliate & agent system
* Betshop function with cloud based ticket printing
* Bitcoin payment integrated
* Paypal, Skrill and other payment gateways integrated

 

Probaly by now you allready know there are hudreds of providers who claims to give you the very best white label setups and platform solutions with prices starting at €40-50.000 euros just to have it online with a 10K, 20K or even greater monthly fee in order to keep the odds flowing and the system to be working but in reality you do not really have to pay theese ammounts, so why should you do that when we can offer you a one time setup fee and everything served on a gold plattern in 7 days?