Betting Operations Liability Toolbox (Patent Application Number: PCT/EP 2008/004843)

In a fixed-odds sports betting environment, there is a vital need for real time accurate liability monitoring and efficient risk management. Most of the systems today are not able to give satisfactory solutions to the issue of liability monitoring and risk management.

Neurosoft is orientating its core activities in the domain of Sports Betting systems providing state-of-the-art IT Solutions for liability monitoring and management.

BOLT is a Business Intelligence Solution providing Liability Monitoring to Sports Betting Organizations. Based on specially designed technological architecture and complex algorithms, it provides real time accurate liability measuring and visual analysis through its 2D and 3D graphical user interface.

Interaction is very fast and simple through “point & click” functions performed directly on the 2D and 3D charts; providing drill down capabilities, in order to identify any abnormal situations which might have already created, or is probably going to create, a high liability issue. Starting from a general view of the full betting activity, users can reach down to single bet or mark information gaining concrete answers for existing or forthcoming liability issues.

The liability calculations take into account any type of bet including bets with multiple column length and more complex combined bets which are then analyzed and kept separately in the system.

The liability is presented in function of the probability of the bet to win and at the same time, reflects the choices of the bettors. In real-time, minimum and maximum liability which might occur, is presented according to the possible or actual results of the events. Focusing on the scenarios presented that can lead to maximum and minimum liability, users can modify them and repeat calculations. Users can run their own “what-if” scenarios and examine their affect to the liability issue.

As the results of the events take place, BOLT automatically updates taking into account the new situation; thus providing users with a time efficient environment in which informed decision making processes can be made.

To summarize, BOLT:

• Introduces an original approach: the liability is presented in function of the probability

• Takes into account the selections that are mutually exclusive and estimates the maximum and the minimum liability at the level of column, event or mark

• Assists the Betting Operators to align their liability to predefined limits

• Assists the Betting Operators to optimize their structure and decision making processes and to maximize their revenues

• Assists the Betting Operators with international expansion to monitor their global operation from a single point  as it can offer centralized estimation of liability generated from different geographical areas

• Handles all types of bet including bets with variable number of events (singles, doubles, triples, quads etc.) and more complex combinatorial bets (system bets etc.)

• Identifies abnormal situations

• Detects betting patterns of registered users

• Detects sports fraudulence

• Detects discrepancies in the betting operator odds that allow punters to hedge against it

• Offers what-if scenarios, reports and alerts and examines their affect to the liability issues

• It is user friendly (spatial analysis, drill down capabilities, point and click functions)

To become a leader in any Global betting market is probably the dream of all top operators. In reality only a few companies in the world are playing this role and even they are facing many problems maintaining their position. Issues like communication, coordination and monitoring of the activities all over the world is critical. The technology available today is not appropriate to support. Neurosoft is orienting its core activities in this market niche with particular efforts in the domain of Sports Betting activities and Lottery systems.