Home Sports Betting Software What is Prop Bet Builder
Power to the Player: Unlocking Prop Bet Builder Potential in Sportsbooks
Customize your player’s sports betting experience with powerful and intuitive prop bet builder integration within your sportsbook software. Built and customized to your beads by TRUEiGTECH, our prop bet software facilitates a personalized betting experience covering 100+ sports and markets.
Share at:
Bettors engaged in sports betting don’t just want to pick winners anymore. They now prefer creating their own bets, stacking outcomes, and calling the shots from behind the screen. Using their knowledge of game and players, these players use a prop bet builder.
A prop bet builder is a customizable betting tool that lets users build player or team-based prop bets in real time. The bet builder integrated into your platform will let them define specific in-game actions and see the odds calculations instantly.
Let’s discuss what is a prop bet builder, how does a prop builder work, and how betting against the players is different from betting against the system.
Table of Contents
What are Props in Sports Betting?
Props are referred to as proposition bets in a sports betting environment, focusing on specific occurrences or non-occurrences within a game or event. They don’t depend on the final score or the final outcome of the game. There are different types of props.
- Player Props: Wagering on specific players, including their milestones, performance within a game, and potential outcomes in the game. For instance, in American Football, this can mean a player scoring a touchdown.
- Game Props: These are wagers influenced by the occurrence or non-occurrence of a specific outcome in the game. For instance, in a basketball game, which team can score the first 20 points?
- Team Props: These prop bets add to the odds applicable on team-specific outcomes. For instance, saying Manchester United will have 70% possession in the first half is a prop bet that focuses on the team.
What is a Prop Bet Builder Software?
A prop bet builder is an additional tool in sports betting software, allowing users to customize bets they place by combining multiple propositions for a single or multiple sports events.
Using a prop bet builder, sportsbook operators give the control of customizing the bets to the players, which increases engagement.
Sportsbook operators also need to share the steps within their platform on how to create custom prop bet. This will make it easier for the players to understand the process and optimize their bets easily.
How Does a Prop Bet Builder Work in a Sportsbook?
We know that prop bet builders are integrated into your sports betting software. Once integrated, your players can use it to create new prop bets. At TRUEiGTECH, we ensure your players have a seamless experience from creating the prop bets to executing them and then reaping their rewards. Here’s how it works.Selecting the Sport or Game
Ask your users to choose the sport and specific event they want to bet on, from the existing list of available sports. If your sportsbook features pre-match betting like the ones we build at TRUEiGTECH does, your players can also bet on the match events before the actual play begins.
-
Pick Player, Team, Event, etc.
Your users will browse through real-time player or team prop markets. Here, the events can vary according to the match and circumstances. The bets your players can make include: Player A to score 20+ points or Team B to have more than 3 goals.
The best can be anything about the game, and the users have the freedom to create prop bets according to their understanding.
-
Stacking the Props
Another useful TRUEiGTECH sportsbook feature for user engagement is prop stacks. We facilitate the event where your users can combine multiple props to create a single and personalized bet slip.
The highest number of stack prop legs any provider supports is 10, and we can do the same depending on your requirements.
-
Auto-Generation of Odds
With every leg added in stack props, the odds change, and their dynamic calculations, influenced by live feeds, change the outcomes. TRUEiGTECH partners with more than 100+ odds data and feed providers, ensuring your users have access to updated and dynamic odds about every game and sport they want to bet on.
-
Placing the Bet
With all the above steps done, your users have successfully created custom bets in sportsbook through prop bet builder. Subject to their satisfaction, the users will confirm the wager and place the bet. The system locks the bet in the given odds at the time of placing the bet and shares the bet slips digitally with the users.
One of the benefits of prop bet builder is that it gives sportsbook operators an edge. As the bet builder drives engagement and increases bet volume, this gives your users more control over their wagers.
Feel the Thrill: Cash Machine Slot Delivers Real Sweepstakes Excitement
Key Features of Prop Bet Builder Software in Sportsbook
The prop bet builder isn’t just a fancy add-on for sports betting software solutions. We have observed sportsbook software added with prop bet builder software performing well in terms of engagement and revenue generation.
“Sportsbook software with prop bet builder has a 10% higher customer base than those without the software in the same area.”
Prish K. (Marketing Head, TRUEiGTECH)
- 100+ Prop Lines: In every game, the prop bet builder software we integrate will give your users access to over 100 detailed prop markets in every match. These prop lines cover player stats, team milestones, game events, and more.
- Parlay Support: This feature will allow users to build complex multi-leg prop parlays from a single game or across multiple games. With TRUEiGTECH, your sports betting software can support up to 10 legs per custom ticket. This increases the bet size along with potential payouts.
- Live/In-Play Betting: With our prop bet builder, your users can create props during live games, adjusting their strategy in real time. Where in-play betting keeps the bettors engaged beyond pre-match activities, it also improves player retention and session time.
- Cross-Sport Betting Options: Let your users mix and match props in different sports as per their choice. This means they can combine NBA rebound score with Premier League goal prop, leading to cross-sport bet customization
- User Friendly Interface: Prop bet software with a user-friendly interface and design is highly preferred. Smooth interface and engagement is essential for user engagement as the users can access everything required easily. A well-designed interface also increases the speed and volume of bets placed through the integrated tool.
- Various of Sports Covered: Prop bet tools need to cover a wide range of sports. According to the latest trends in the industry, players like to place bets on different sports, hence a prop bet tool compatible with different sports will receive a better engagement.
- Odds Customization: Customizations in prop bets ensure users can make standalone bets on player performance, match updates, single events in the game. Customizations lets bettors create a unique mix of bets according to their analysis, preferences, and insights.
- Bankroll Management: Allow your users to manage the bet amounts and establish a budget to follow for betting. This is also useful for maintaining compliance, prevent fraud, and follow responsible gambling measures.
- Secure Transactions: Integrate secure payment gateways encrypted to safeguard user data and confidential information. Ensuring payment security through multiple methods builds user’s trust and boost user retention. Transacting through trusted platforms gives your players a confidence in the platform.
- Mobile Compatability: Ensure the prop bet tool you are adding is mobile responsive. It shall work smoothly on any screen size, especially mobile. Given the increasing trend of betting through mobile a mobile compatible prop bet tool will boost engagement.
In addition to improving the user experience, these features contribute to longer session times and higher player lifetime value. Moreover, as your players get a hang of using the prop bet builder integrated within the sportsbook software, you will generate more revenue per consistent and active bettor.
How Operators can Maintain Margins and Platform Stability using Prop Bet Builder?
After integration of prop bet builder software with your sportsbook, operators must use the active resources tools and technologies readily available for quickly deploying your prop bet building solution. However, to protect your profits and balance out your users’ experience with prop bets, implement the following best practices and techniques.
- Set Maximum Payout Limits: You must set a cap on the maximum possible payout that a bettor can claim. Using this limitation will help you mitigate the risk of bearing substantial losses when players create high-odds prop bets.
- Limit the Wagering Amounts: Limit the amount a bettor can wager on any particular prop bet to reduce the potential payout and manage the associated risks in an effective manner.
- Limit Cumulative Odds Multipliers: Effectively control how high the total odds players set can go, especially when users stack multiple high-risk props. This will maintain payout liabilities while allowing you to offer attractive odds to the user.
The risk management practices will give you control over how prop bets are placed while ensuring you continue making profits and your users have a thrilling experience.
From Idea to Launch: Building Your Own Sweepstakes Sportsbook
To Sum it Up
Player prop bet builders are designated to change the sports betting industry for good and make it more appealing to the target audience. It will provide your platform with an engaging and unique experience for the bettors. At the same time, it will also boost the profitability of your sports betting business.
With TRUEiGTECH at your back, it will be easier for you to integrate the prop betting feature on your sportsbook platform and manage the controls efficiently. Our software ensures an astounding betting experience for the players and a good revenue boost for your business. To know more about our service offerings, feel free to reach out!
FAQs
A prop builder bet enables players to create their own bet combinations across different markets and increase their winning chances. The prop bet builder customizes the user experience by providing them access to different sports betting markets and customizing their betting experience.
Most online sports bettors out there are fond of trusting their own analysis for a particular sports event. Therefore, it becomes important for you to provide them a way so that they can use their analysis to secure better winnings. Thus, adding software that can allow them to make prop bets will turn out to be profitable for them.
Integrating a pre-built prop bet builder software available with TRUEiGTECH can take between 2 and 3 weeks, depending on the customizations you need in the software. Moreover, the integration also depends on your existing platform architecture. TRUEiGTECH also provides technical support, API documentation, and a pre-built front-end with our ready-to-use software.
TRUEiGTECH’s prop bet builder software is compatible with over 100+ different sports and markets. From football, cricket, tennis, and other popular sports to regional sports like cock fighting and even eSports, our software can work with all sports and markets.
Prop bet builder gives more control and options for personalization to your players. Instead of using fixed bets, users build custom tickets as they can now bet on specific player actions, stacking props, and adjusting the bets in real time.
A prop bet builder can help operators control maximum payout limits, set wager caps for every bet and user, while setting cumulative odds limiters. With TRUEiGTECH, you can also receive real-time fraud detection through API tools and even set the odds to auto-adjust according to each player’s betting patterns.
Yes, depending on your requirements, we can provide you with a completely customized prop bet builder software, backed with unique and tailored features.
Written by: Raj Thomas
Raj Thomas is a seasoned business strategist and development manager at TRUEiGTECH. With over a decade of experience in the industry he specializes in driving growth for iGaming platforms, including online casino, gambling, sweepstakes, sports betting, and skill-based games. He collaborates with game developers, startups, and operators to build customized, compliant, and secure iGaming solutions. At TRUEiGTECH, Raj is instrumental in delivering end-to-end iGaming services and his role encompasses lead generation, B2B sales, client outreach, and ensuring that solutions meet client needs and industry regulations.
