The Benefits Of Machine Learning In iGaming | Fraud Detection & Altenar

The Benefits Of Machine Learning In iGaming | Fraud Detection & Altenar

Share this article

Altenar, a sportsbook software provider, has adopted many machine learning algorithms to its sports betting solutions which allow a plethora of benefits and aims to create further automation, success and more throughout 2023 and onwards.


Machine learning is a subfield of artificial intelligence that focuses on the development of algorithms that can learn from and make predictions on data. It has become a powerful tool for fraud detection in recent years, providing many benefits over traditional methods. 


Altenar takes a look at the additional benefits of machine learning and how this can be applied to the world of sports betting software and iGaming in general. Increasing the user experience and improving the offering an operator receives from the award-winning sportsbook solutions provider Altenar.


Here are some of the key advantages of using machine learning in fraud detection:

  1. Improved accuracy: Machine learning algorithms can analyse vast amounts of data, including patterns and anomalies, to identify fraudulent activity with a high degree of accuracy. ML models, in many cases, can outperform large teams of analysts both in terms of accuracy and speed of insights.
  2. Real-time detection: Well managed Machine learning pipelines can detect fraud in real-time, allowing organisations to respond quickly and effectively to prevent further damage.
  3. Scalability: Machine learning algorithms can be easily scaled within big data artchitectures to handle increasing amounts of data, making them ideal for detecting fraud in large organisations.
  4. Customisation: Machine learning algorithms can be trained on specific types of fraud, allowing organisations to tailor their fraud detection methods to their specific needs.
  5. Organisational Cost-effectiveness: By automating the fraud detection process, machine learning reduces the need for manual review and investigation, saving organisations time and money.
  6. Continuous learning: Machine learning algorithms can continue to learn and improve over time, providing organisations with a constantly evolving and effective solution to fraud detection.


For Altenar and many other tech-based companies, machine learning is a valuable tool for detecting fraud, providing organisations with a range of benefits that help them to better protect their customers, their assets, and their reputation


You can discover more about Altenar’s use of artificial intelligence and its other technologies, content and solutions by contacting the tier-one provider today! 



Previous Next

Related articles

  • Sportsbook features guide: Early Payouts

    Sportsbook features guide: Early Payouts

  • Boosted Odds: New Sportsbook Feature For The Italian Sports Betting Market | Altenar

    Boosted Odds: New Sportsbook Feature For The Italian Sports Betting Market | Altenar

  • Altenar Adds Extra Features To Its Tier One Sportsbook Software

    Altenar Adds Extra Features To Its Tier One Sportsbook Software

  • Are There Structural Characteristics To Fixed-Odds Features In Sports Betting And Can These Affect Your Players? Altenar Takes A Look …

    Are There Structural Characteristics To Fixed-Odds Features In Sports Betting And Can These Affect Your Players? Altenar Takes A Look …

  • Having 24/7 Trading & Risk Management Support Is A Must For Sportsbook Operators | Altenar Looking After You

    Having 24/7 Trading & Risk Management Support Is A Must For Sportsbook Operators | Altenar Looking After You

  • Bet Builder | Delve Into Altenar’s Improved Features for 2023

    Bet Builder | Delve Into Altenar’s Improved Features for 2023

  • Altenar’s Recent Product Release Highlights! | Inside Your Sportsbook Provider

    Altenar’s Recent Product Release Highlights! | Inside Your Sportsbook Provider

  • SIS signs deal to integrate full product range onto Altenar’s sports betting platform

    SIS signs deal to integrate full product range onto Altenar’s sports betting platform

  • Altenar Launches Widget Version Of Its State-Of-The-Art Sportsbook Software

    Altenar Launches Widget Version Of Its State-Of-The-Art Sportsbook Software

  • Price per head sportsbook software — Pros and Cons

    Price per head sportsbook software — Pros and Cons

  • Altenar sportsbook helping to power Rootz growth

    Altenar sportsbook helping to power Rootz growth

  • Altenar and Cometa Gaming Announce New Partnership in Brazil

    Altenar and Cometa Gaming Announce New Partnership in Brazil

Fill out the form and we’ll be in touch as soon as possible

Follow 3 simple steps to fill out the form

  • 1

    Details

    Step 1
  • 2

    Contacts

    Step 2
  • 3

    Info

    Step 3

Choose enquiry and fill details

1 / 3
Enquiry Type

This form collects your data so that we can correspond with you. Read our Privacy Policy for more information

  • 1

    Details

    Step 1
  • 2

    Contacts

    Step 2
  • 3

    Info

    Step 3

Contact info

2 / 3
How can we reach you?

This form collects your data so that we can correspond with you. Read our Privacy Policy for more information

  • 1

    Details

    Step 1
  • 2

    Contacts

    Step 2
  • 3

    Info

    Step 3

More information you want to tell us

3 / 3
How did you hear about us?
Region of Operation

This form collects your data so that we can correspond with you. Read our Privacy Policy for more information