About Openbet
Openbet is a leading technology company in the gaming sector, offering cutting-edge solutions that cater to millions of daily bets worldwide. With a global footprint, Openbet stands out for its stable architecture, robust risk management, and partnerships with entertainment giants like Endeavor group holdings.
| Characteristic | Details |
|---|---|
| Founded | 1996 |
| Headquarters | London, with offices worldwide |
| Core Focus | Sports betting platform and tools |
| Monthly Pricing | $5,000–$12,000 (varies by modules) |
| Team Size | 1,000+ professionals |
| Key Markets | Europe, North America, Asia |
What does Openbet do?
Openbet specializes in building high-performance sportsbook platforms for online operators. This includes real-time data feeds, advanced content integrations, and flexible front-end frameworks. Businesses can keep their platform open to new market expansions, thanks to Openbet’s modular approach.
Company Details
Many big-name brands rely on Openbet to power their arena of sports and entertainment wagering. The platform uses advanced technology to handle huge volumes of simultaneous wagers. It empowers operators to sell additional services or incorporate external content in a single interface.
Company History
Established in 1996, Openbet (then known under a different banner) became a trailblazer in the sports betting world. Over the years, it agreed on multiple strategic deals, including collaborations with IMG Arena and other media companies. In 2022, Endeavor group acquired the brand for over $1 million, reflecting its strong market position.
Openbet Products and iGaming Solutions
Betting Solutions
Betting Engine
At the core lies Openbet’s betting engine. It processes thousands of transactions per second, enabling operators to manage each bet seamlessly.
Front Ends
Customizable front ends let operators design unique user experiences. This flexibility helps them stand out in a crowded world of gaming.
Player Account
A unified account system offers KYC tools, responsible gambling features, and clear usage logs. Operators can keep it open for integration with external CRMs or loyalty modules.
Trading Solutions
Odds
Openbet automatically updates odds based on real-time data, ensuring accurate payouts. Operators can calibrate margins or lock lines when needed.
Trading Tools
Trading modules help with risk management and bet settlement. They also track real-time liability for better operational control.
BetBuilder
BetBuilder is a user-friendly widget that lets players construct custom bets across different markets. This approach boosts engagement and ticket size.
Openbet Licensing and Localization
Openbet holds licenses across Europe, North America, and Asia-Pacific. It adapts language packs, currency options, and local regulations for each region. This smooth localization helps operators comply with local laws and reach diverse audiences.
Openbet Features
- Leading data feeds for fast market updates
- Scalable hosting for peak traffic events
- Modular architecture for easy customization
- Advanced reporting for operator analytics
- Established industry connections with entertainment giants
Payment Providers and Banking
The platform integrates multiple payment gateways, including e-wallets, credit cards, and direct bank transfers. Clear logs monitor each financial transaction. This approach fosters user trust and mitigates fraud.
Support and Customer Service
A round-the-clock support team assists with technical updates, regulatory changes, and feature rollouts. Clients gain access to training sessions and best-practice guides, ensuring minimal downtime.
Summary
Openbet stands as a leading force in the global sports betting market. It focuses on flexible solutions that handle large volumes of wagers and bets. Backed by Endeavor group holdings and recognized for robust technology, Openbet offers an end-to-end experience. Contact us now to explore pricing and integration options.