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What is Prop Bet Builder? How to Utilize it for Your Sportsbook?

Level up your platform’s sports betting efficiency with our revolutionizing prop bet builder software.

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Curating their own bets for the preferred sports betting markets is one of the most sought-after ways for online users to drive more excitement. The use of prop bet builder software has helped people achieve the same! 

A prop bet software is one of the revolutionary sports betting products that enables your bettors with the power to create & customize their own player props bets. For every prop bet that the bettors create, your platform will help calculate the odds instantly. 

As you know, sports betting is a booming industry, and prop bet builder is the key to scaling its market demand. If you are a new sportsbook owner and want to provide your users with a thrilling sports betting experience, the prop bet building system can turn out to be an excellent tool. 

So, this article will give you a glimpse at what prop bet builder actually is, and how you can utilize it for your sports betting platform.

What is a Prop Bet Building Software?

With a prop bet system embedded into your sports betting platform, you will be allowing your users to tailor custom bets based on dedicated sports events. Unlike the usual bets that are limited to just the pre-defined player or team props, the prop bet feature gives users a big array of options. Such flexibility is what enables your bettors to align the bet options with their interests.



How Does a Prop Bet Builder Work?

Upon successful integration of the prop bet builder software onto your sportsbook platform, players will have its accessibility every time they enter your web app. They just need to choose their desired sports events and create prop bets by combining multiple parlays or legs. 

They will have the liberty to choose either 3 or up to 10 different parlays for creating a custom bet or personalized betting ticket. Thus, it will scale their overall sports betting experience on your platform.

How to Utilize Prop Bet Builder for Your Sportsbook?

You might first have to integrate prop bet builder software onto your sports betting platform. At TRUEiGTECH, we have all the active resources, tools, and technologies readily available for quickly deploying your prop bet building solution. Once you put up a request to our team of consultants, we can make this happen in a breeze. 

Once the integration is complete, your prop bet builder will be active and ready to be utilized by the users. But, there are certain risk management strategies that you must implement before the users go ahead and utilize the software, which includes:

  • 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

  • Following that, you must also limit the amount a bettor can wager on any particular prop. This way, you will again be able to reduce the potential payout and manage the associated risks in an effective manner.

  • Modify the Odds Limits

  • You can impose certain limitations on the odds that users combine for their prop bets. Restricting the prop bets to a maximum odds limit will prevent excessive payouts.

Let TRUEiGTECH Add the Revolution of Prop Bet Builder to Your Sportsbook!

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 activate 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! 

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FAQs

A prop builder bet enables players to create their own bet combinations across different markets and increase their winning chances. Having a dedicated feature on your sportsbook platform will give your players the chance to combine up to 10 parlays.

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 such 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.

Yes, depending on your requirements we can provide you with a completely customized prop bet builder software, backed with unique and tailored features.

Some of the prop markets available with our software includes total assists, total rebounds, total points scored, passing yards, touchdowns and more.

Prishk
Written by: Prishk

Prish K, Head of Marketing at TRUEiGTECH, holds an experience of more than 10 years in the iGaming domain. Starting from strategic planning and digital marketing to team leadership and cross-functional collaboration, he is a master of his domains. For more than a decade, he has shown a promising commitment to fostering result-driven and creative work outputs. Beyond guiding newcomers and established iGaming operators with the right software solutions for their business needs, Prish also wants to share his industry expertise and knowledge through insightful blogs and articles.

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