Amid exciting times for the sportsbook software provider, Altenar, the team behind award-winning sports betting solutions has spent time improving what they are able to offer to their clients and as a result, Altenar has launched its Bore Draw, Early Payout and 0% Margin features to new markets.
These additions are sure to boost player retention rates and the likelihood of new bettors seeing your operating site as a place to safely dip their toes into the world of betting without any significant risk factor.
Let’s take a look at what Altenar's three new features will consist of…
Bettering Your Bettor Experience | Altenar
Improving the player experience is an important part of the iGaming industry, especially in a world where technologies advance daily. New features offer a ‘change of scenery’ for many bettors and offer you the opportunity to standout on the market.
Altenar's Bore Draw Money Back applies when someone places a bet specific to Soccer/Football. If that game or match finishes on a 0-0 result, and a players bet loses, a full refund stake is available. Additionally if a bet was placed on a Bore Draw market and the bet predicted was 0-0 this would result in a winner status bet, and the winnings are credited to the player as usual.
For example: Manchester Utd vs Southampton. Bore Draw is offered at the Correct Score Market.
For pre-live bets, if the final score is 0-0 then selections of 0-0 are settled as won and any other Correct Score selections are settled as void. Bets can be placed on the following market types: 1x2, Correct Score, Halftime/Fulltime Correct Score, Halftime/Fulltime, First Goalscorer, Last Goalscorer and Anytime Goalscorer.
The rules for Bore Draw are as follows: Place a bet before the start of the match, on the market types in the table above and, if the match ends in a 0-0 draw, your bet will be fully refunded.
The offer is valid for single, multiple, system and Bet Builder bets placed ONLY before the start of the match and not during the match. The refunds will be credited as soon as possible, once the match finishes. If, in the meantime, the player interferes with the bet in any way (for example cashout/partial cashout), the bet will no longer apply for the Bore Draw offer.
The 0% margin market is considered as a stand-alone market, which doesn’t usually participate and cannot be combined with any other offers and promotions (e.g. accumulator bonuses and early payout). It can be activated on the following new markets per sport:
Soccer → 1x2 0%
Basketball → winner (incl. overtime) 0%
American Football → Winner (incl. overtime) 0%
Tennis → Winner (incl. overtime) 0%
Baseball → Winner (incl. extra innings) 0%
Ice Hockey → Winner (incl. extra time and penalties) 0%
As an operator you can create your own 0% margin with Altenar fr om the following list:
- The ADD EVENT tab allows you to sel ect the specific event you want to activate the 0% margin campaign for.
- PROMO EVENTS tab is used once the 0% events are selected in order to activate the campaign.
- Sport, Category and Championship filters assist the operators to spot the event they want to promote.
- Date range filters
- From the list of events that meet the search criteria , select the ones that you would like to promote with the 0% margin.
To discover more on 0% margins fr om Altenar, you should contact the team today for greater detail on rules and product.
With the early payout, some selections of the match bet market are decided (and likely settled) before the final outcome of a market is actually decided.
The most classic case of an early payout is for the soccer 1x2 market wh ere many bookmakers offer a “2 Goals Ahead Early Payout”.
This means that if one team is up by two goals at any point during the game the selection of that team in the 1x2 market prelive should be settled as won.
Event: Juventus vs Inter. Early payout is offered.
Bets are placed on the 1x2 market. At some point, Juventus during the game lead 2-0.
This means that the selections of “1” in the 1x2 market should be settled as won for all prelive bets.
If the final score is 2-2, then:
- Prelive Selections of “1” are settled as won
- Live Selections of “1” are settled as lost
- Selections of “X” are settled as won
- Selections of “2” are settled as lost
The concept can work for other sport markets, like the winner market of Basketball or the winner market of American Football.
The applicable markets are: Soccer, American Football, Basketball, Tennis, Baseball and Ice Hockey. To discover more about Early Payouts and the rules around this amazing feature contact Altenar today.