Risk Management Tools for Bookies
When you become the proud owner of an online sportsbook, you need to consider how you will manage the risks. These can include bots, fraud, problematic bets, and of course, security issues. Thankfully, we have developed a range of effective risk management tools for bookies, so much of this work can be done for you. All you need to do is use the tools correctly, stay aware and alert, and contact us with any queries or potential issues you might have!
Risk Management tools:
Maximum wager setting
One of the critical risk management tools for bookies is limiting wagers placed by players. There are times when your players might set wagers you don’t want to take. Additionally, your sub-agents might take bets you don’t want. To be a successful bookie, it’s imperative that you can manage these kinds of bets, allowing the ones you like and stopping the ones you don’t.
Through perhead.cr’s fully customizable dashboard; you can set max wagers by value, wager type, customer, or agent group. This gives you total control over how your site is used, the bets that are wagered, and by who. This lowers the overall financial risk for you as a bookmaker, as you won’t end up with unrealistic bets that you are required to honor.
Blocking ability
Another helpful risk management tool for bookies is completely blocking out certain leagues or betting options. Perhaps you don’t want to offer betting on the Grand National and just want to focus on the NFL, or maybe you want to restrict betting on a specific event for a certain amount of time. Perhead.cr gives you the ability to do that as and when you choose.
You can even pick certain kinds of bets that you don’t want to accept, such as round-robin parlays and similar. The beauty of our service and pay per head software is that you retain complete control at all times. Events, bets, amounts, agents, and players- everything that happens on your sports betting site, remains entirely up to you. When you use our software, you can manage risk at all times to benefit your profit margin.
Anti-bot button
Bots can pose a real problem for online gambling sites and per head bookies. The automated placing of bets can cause havoc for bookies and lead to the artificial skewing of odds and statistics. A great way to combat it is through the integration of an anti-bot button. This button is a simple ‘submit’ button that the player must press to confirm the bet they want to make. Bots cannot press any buttons on any websites or apps; therefore, this feature adds an extra layer of security. As a bookie, you can be sure that real people and not troublesome bots make all your bets!
Live Bet Ticker
Another leading tool for risk management tool for bookies is the live bet ticker. This innovative feature allows you, the bookie, to monitor all wagers in real-time. You simply log in from your desktop or mobile, and you can see each bet coming in as it happens. We even give bookies the ability to color-code different kinds of wager. This makes it much easier to monitor, especially if you’re on the move and in a hurry. Allowing this kind of instant oversight allows bookies to stay on top of all betting activity. It’s an enhanced level of control that many other providers simply do not provide.
Custom Notifications
Do you want to be notified every time a certain player makes a bet? With perhead.cr you can get a notification on Telegram or by SMS depending on your preference. Just let us know which players you want to monitor, and we will keep you up to date with their activity. This is particularly useful when it comes to your big customers or those that are prone to making undesirable wagers. This is just another layer of security we provide as a risk management tool for bookies.
Risk Management tools: IP Protection
Security is important, both for you and your customers. One of our top security risk management tools for bookies is IP lookups. Using this tool, you can see where bets are coming from and if they correspond with the location of the account holder. You can also check that all the bets on one account come from the same or similar location. This helps you to be sure that wagers are genuine and that your site is not being abused. Using this feature, you can ensure the IP address being used to place a wager is in the same city, state, or even country as the registered customer.
Remember, perhead.cr are always on hand to answer questions and guide risk management matters. We have over two decades of experience in this industry, and we are happy to review players’ actions and give our opinion or suggestions. Why not contact us today to find out more about our risk management tools for bookies?
