“Risk management is the identification, evaluation, and prioritization of risks, followed by the coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events—or to maximize the realization of opportunities.”
Trading and risk management systems are essential to the successful operation of any sportsbook—and by extension, any online gambling venture. As internet access and usage increase, unfortunately, so do the threats posed by online scammers. Fortunately, risk management systems like the one developed by Altenar help online operators dodge cyberattacks like Neo bending the Matrix, with the goal of avoiding such incidents altogether.
As the everyday user becomes more knowledgeable about the ones and zeroes, industry professionals must not only continue building stronger and adaptive risk management systems, but also educate new and seasoned operators on their importance and use.
For example, Altenar’s experts have led panel discussions on the benefits of risk management at various expos around the world to raise awareness about these critical systems. As part of this ongoing mission, the team behind Altenar’s sportsbook software launched Risk Management 2.0 in 2022 to further strengthen operator and customer safety online.
Supporting this significant growth, Altenar also provides operators with access to multiple data providers, a customizable front layer, and a manually configurable backend. With a growing number of verticals—ranging from live sports like the NBA to virtual betting in games such as League of Legends—Altenar continues to evolve.
How Altenar Adapted to New Levels of Risk
Altenar’s Risk Management 2.0 introduced three standout improvements and growth-focused features:
- Fully customizable risk management per user
- Expanded options for setting overall limits
- A new limitation approach for greater flexibility
Altenar has explained that this “new limitation approach” is based on net winnings per championship. For example, the system now allows bets of 100 at 2.00 odds or 1,000 at 1.10 odds on the same championship.
With Altenar representing the intersection of stability and flexibility, this approach is designed to offer users more adaptability when applying limitation strategies—whether based on stake, winnings, or net winnings—creating a personalized risk management experience tailored to each business’s specific needs.
Altenar understands the value of equipping operators and traders with one of the most effective risk management systems on the market. This system provides a critical safeguard for the inherent risk in sports betting—for both players and operators.
Learn more about Altenar’s advanced risk management tools and the growing importance of these technologies by visiting the company’s website and scheduling a meeting with the team behind the sportsbook software.
If you’d prefer a demo of the sportsbook, that’s available on the website as well.
Staying ahead in risk management can make you one of the top operators in your market—and Altenar’s forward-thinking approach to business and technology is here to help you reach that goal.
